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Saw your PM. I don't have a subscription so I can't PM you back. However, I think all of us longs have the same thoughts right now.
Penny_Island
Agreed, yet no worries...
At least it gave us all something to talk about tonight instead of the video tomorrow. I think this will help maintain the current price or bump it up a little more tomorrow before the video and it's "unknown" contents.
Always a pleasure Dmac9, yours is one of the comments I always click on when I see your name on the board. You often provide information, not just a "Yeah, going to go boom, FIRE, etc" kind of comments"
Penny_Island
Agreed, however to put a positive spin on this cause I don't want others to think I am being negative here.
This is a FANTASTIC summary to email and give others who don't have the time to sit and read through IHub.
Also, it gives Penny Land and other investors a quick "official" read that isn't based on rumor and random websites.
Outside of this, I stand by my previous comments.
Penny_Island
Send questions to:
info@redgiantentertainment.com
I don;t know if it is too late to get a question into the video. I sent a little over 10 questions in myself.
Otherwise, I agree 100% with your comments.
Penny_Island
I understand this, yet I thought they said TRU was going to be buying more space or might be...
It could be my memory... Either way...
It's my opinion and to me it is just a general overview. I don't see what we waited or paid for. There is nothing in here that you could not find with google and a few hours of digging on SEC.gov.
I think the DD on this site by board members here is of even higher quality.
Maybe cause it's my first Murphy Report... Yet, I am not impressed with it... A first year business/grad student could have produced this type of quality over a weekend.
My issue is not with REDG, this is purely a disappointment with the Murphy Report itself, format, etc... When REDG said they went back and forth multiple times to get information, I was expecting a much closer look then what is provided here. Especially since this report was delayed so many times. I just don;t see it/
Again, my opinion, yet I have a very high bar when it comes to formal information and research... Especially when it's paid for.
Penny_Island
Exactly...
Penny_Island
Actually it is a quote directly from REDG's own 10K report from August 31 2013...
"There is no guarantee that REDG will generate enough revenues from selling advertising space on its Keenspot websites or in the Giant-Size line to either (i) recoup the expenses incurred in producing such products; or (ii) make such products profitable without considering their potential contribution to any profits made through the sale of the Collected line"
See;
http://www.sec.gov/Archives/edgar/data/1411179/000116552713001017/g7183a.txt
And:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9646201
Penny Island
Murphy Report:
The report was well done, yet I don't see what took the time it took to write. I would call it a good review of our current place in time... yet also had a lot of gaps.
I read official reports all the time of all types, so I see when people put things in under the table. Such as this one...
"There is no guarantee that REDG will generate enough revenues from selling advertising space on its Keenspot websites or in the Giant-Size line to either (i) recoup the expenses incurred in producing such products; or (ii) make such products profitable without considering their potential contribution to any profits made through the sale of the Collected line."
In addition to this, the list of issues REDG has on page 24 of 25...
Now, looking at their projected PPS, it is right on what many of us on here have projected. Granted I know it says they are not projecting in the report, yet with the dilution of the stock and with more to come as Benny has said, the potential price has gone down a lot since I first bought in 2013 and it makes the potential runs in PPS a lot less as well.
With all this said, the video and partnership that REDG is supposed to announce tomorrow has to answer the quoted paragraph and the list of issues on page 24 of the report.
I hope they issued it today as an excuse, that if they waited they would have had to redo everything based on tomorrow's announcement... Fingers crossed...
Either way, the report didn't list anything we didn't already know. It didn't give us hard financials such as what TRU is paying CPM, etc... So, I can't say the report was worth the wait. I would call it a good review of our current place in time. However it "could" be completely out of date following the announcement(s) tomorrow.....
I am hoping to see a solid partnership tomorrow that buys up the majority of the GSL ad space fro a contracted period of time. I hope this is the case as I think once again lack of advertisers is what delayed it, again...
Just my thoughts... Still Loooooong Here.....
Any thoughts welcome...
Penny_Island
Good Luck, I think we will see your break even and more eventually.
I am like you, I have no plans on selling until a solid financial report is issued. If that means 6 months or more, so be it. I am already almost 2 years in, what is another 6 months...
Besides I bought most of my shares in the last few months. I have no plans on giving 50% to the tax man...
Penny_Island
I am with you, I hit break-even today.
However, unless there is some massive pump such as wolf pack, the stock will not go up that much, even with news on the 4th...
We have seen it over and over again with REDG, it doesn't move that much on news. Until we get financials it doesn't go BOOM!!!
I want it too!!! Yet even on free comic book day, we didn't see much of anything and that was with actual products with ads released nation wide.
Same with news of TRU partnership and then a gain for Nov and Dec release. We see a bump, yet not a BOOM, then it goes back down as the timeline is always months away...
Until we see financials in spring 2015 (8K/10K), and now that the GSL is delayed until spring next year, we might be talking summer 2015 before solid financials...
So again, my watch begins.
Granted there are outside forces here with a new partnership, etc, yet unless we get something on paper that says $$$ we go nowhere.
Just my opinion.....
Penny_Island
I found this as well and was deleting my previous post just as you responded.
Thank you!
I am deleting this as I found the answer...
I am deleting this as I found the answer...
TLSMD,
Good to see you again... I agree with you, yet I have been cranking my head on the GSL delay and the only thing I can come up with is once again they didn't see enough advertising. I could and hope I am wrong.
Could it be because of the new partnership etc, yes. Could it be another reason, yes. But after the original delay in November, which they said they still didn't have all the advertising spaces sold in the last update. I have a feeling this is advertiser based issues.
With that said, I think the new partnership will support the GSL and buy a large section of the advertising long term. Part of me thinks it will be another TRU partnership with half the ads being for them. If not TRU, it will be another company along the same lines where they buy the majority of the ad space for a discount, yet at least it allows everything to get up and running.
Again, this is my best guess...
Any thoughts or comments welcome. Any other ideas why it was delayed, AGAIN...
Sorry, just tired of this. I've been trading REDG since early 2013 and it has been delay, after delay, after delay, and promises every few months since early 2013. I am hoping for solid news and solid results this time...
I think Benny is a solid guy when it comes to the comics arena and should stay as head of operations/creation, etc, yet when it comes to running a business, especially a publicly traded company as a CEO, he has failed.
If it wasn't for the potential that I see with REDG I would have sold a long time ago. Still holding long.....
Penny_Island
I 100% disagree Duke2742.
I watched Magika as well at the link you provided. It is in Russian or another old Eastern Bloc language. However, I don't know if you have kids or not. This is right on par with most kids movies. No, it's not Disney, yet it also didn't cost $100 million to make either...
I think it is aimed at the 3-8 age group, maybe 4-7,yet its perfect for them. If you think this is anywhere near bad, I have some movies for you to watch that the kids love. Kids don't see animation quality and besides that, Magkia is just fine. Maybe you should press the 720P/HD button on the link you provided...
This will be playing in my house and I will spread it too my friends/family for their kids as well once it is out on Hulu. You would be surprised how fast things for kids spread between parents, especially with Facebook these days...
On another note, I don't think most people understand there is an entire market who look for movies etc for their kids that don't star "white" kids/characters. Think, black Barbie...
This movie features what I am guessing characters from the Philippines/Pacific Islands or a similar place. That alone will draw in viewers, as parents of different ethnic backgrounds, try to show their kids they can achieve anything, and showing/staring characters who are not white draws people. This is something many may not understand, yet it is a real thing...
REDG should probably try and get the movie taken down as it is clearly a pirated copy posted on this site.
http://kinomusorka.ru/en/cinema-novelties-film-niko-journey-to-magika.html
It is nice however too see the names in the credits in the beginning and given Magkia is now almost 4 years old. These names are still at REDG. So that shows dedication.
Penny_Island
Fundamentals,
You are all right. This stock has huge potential, yet true, the high numbers were a pump. REDG wasn't ready at the time, it was an infant. The site Penny Stock Heros pumped REDG to death a few years back. They ruined it. It was doing fine prior, REDG at the time even said its going to be a long road, yet the crash after the pump took it way down past where it was sitting prior to the pump.
It is going to take financials at this point to make REDG move/settle. You can't predict how high a stock can go with a pump, the sky is the limit... and trying to tell the difference between a pump and the real deal is hard in penny land.
However, based on financials, I think the $0.01-$0.03 mark is good. With solid financials and debt payments, I think we are sitting around $0.10 next year. My opinion, not any fancy math, just experience...
Bed time, its almost 2am...
Penny_Island
isenterprises,
Been a while... Yes I was in the original pump and been around since. I have averaged down A LOT, especially since June... I actually break even at $0.0026, so I did hit break even for a day this week. Then when it went back down, I was like, that was my escape... Yet, I still think we will see copper again, so I hold...
Send me a private reply and lets exchange some ideas. I travel a lot, so most of my D&D days are over...
Penny_Island
Justafy7 and Brooksda,
Agreed, 100%... It is going to take financials this time, yet Just watching this week, all the pump sites jumped on board , so I think when it does go, it is going to fly. Then it will go back down and find its natural value. Where that is, I don't know... The timing is what it is all about.
I have a few selling points for my shares, yet I think REDG can hit $0.10 next year if everything comes together. It could even go higher if it got pumped by a few groups, that is what happened before and I was around for it.
I think we will see $0.03-$0.05 with solid financials and REDG showing paying down debt.
Penny_Island
March 2013.
Like I said, Been here a Looooong time.....
Penny_Island
Brooksda,
Yeah, I know. I have been here for a long time. At first I just read the board, then finally joined it. I travel a lot for work so I disappear for long periods of time as I can only read the board 1-2 times a week sometimes when I travel. So I miss things...
I first bought in at $0.05, I thought it was $0.09, yet I looked at my history the other day. Either way, I have followed REDG down and averaged down a LOT. So I am holding large here. I want REDG to succeed like everyone else, maybe even a little more.
I just wish I had known of another delay, I would have sold, taken my tax write off and bought back in after 30 days just for tax purposes. I was going to do it in June, then November, now it's like ehhhhhh delay. Can't win sometimes.
I would love to lower my taxable income this year and selling at a massive loss would have helped. I know that's selfish, yet that's the way the game is played in the stock market. Then of course you trade selling your shares for a tax write off for losing the ability to sell for another 12 months without paying crazy taxes. #1STWORLDPROBLEMS
Penny_Island
Justafy7,
Good to see you again. It has been a while...
I apologize to people on here as I flipped when Benny announced the delay... I am usually the all business one on here, yet I admit, I lost it. I think I was justified, yet also embarrassed. It did seem to wake REDG up though, so maybe it was worth it.
Anyways, Yes, I agree. I plan on submitting a few questions around these topics as I know others have already asked others.
1. Bandi Game?
2. Murphy Report?
3. When will we see GSL revenue on a financial report
4. Upcoming Movie Deals
5. Stock Buy Back
6. Does REDG plan on paying off debt ASAP or using the money for something else.
7. Why did Mark get Z shares and what will his future role(s) be.
I will update you if I think of others.
Penny_Island
I agree Skail...
However, it was all worth it if REDG Leadership changes their tune and the way they interact with the investment world. Just saying delay of GSL and investor video over a week away, was not acceptable in any fashion.
The strong response from investors is what caused them to do a 180... It brought too much negative attention on the company and could have killed it's reputation.
I hope Mark being from the social media world, was behind this new call for interaction with investors and will continue. I hope REDG now understands we just want a little taste of information and assurances, not the full press release...
Just my opinion.
I hope this new interaction from REDG continues.
Penny_Island
What we know now for the short term
GSL is delayed, no reason given.
Magika is being released in December on HULU in the USA and is on international distribution for the rest of the world, looks like DVD.
The ad space for HULU has not been sold yet per the FB post.
Shareholder video on DEC 4th where a new partnership will be announced and an update on the GSL will be given.
The GSL and deal with Toys R Us is still a go.
The new partnership is supposed to stop the need for new toxic debt notes. However, there are still a few rounds of this debt to come.
Previously, we were informed of a Bandi video game which was supposed to be out this holiday season. However that season is now here and we have no update on it.
This is the current "short-term" standing of REDG.
Any additional short term comments welcome.
Penny _Island
15 Facebook posts/comments today
REDG made 15 Facebook comments today on their site, each one talking about the status of the company. See was that so hard??? This is what many of us long have been asking for, for a long time.
We do not ask that you get on Facebook everyday and respond to every question, yet a few comments a week, responding to new questions here and there would be nice. I hope it continues.....
I am still a long and not a happy investor after the GSL delay with no notice and no real explanation, yet we will see how things go with the video next week.
I plan on taking and posting notes like last time.
Penny_Island
I doubt they will get 10,000 to watch it, maybe 50,000 next year total.
Then again, maybe we should all just watch it on "repeat" to generate REDG some revenue. God knows we won't ever see it any other way.
Penny_Island <------ Still a pissed off Investor
Magika.... This is NOT News!!!
Magika has been done for a long time, we all knew that. It was promised to be on Netflix, etc by Benny. So lied to again... Hulu only... WTF. Nobody uses Hulu compared to Netflix and Amazon Prime.....
Previously he said it will be an exclusive digital, so any thoughts of a DVD, you can forget, unless he is lying again...
Benny is just spoon feeding us this crap news to cover up the fact that he once again F'd up the GSL and gave little to NO notice again, costing investors a crap load of money. As soon as it even began to hint at running they should have done their Due Diligence and released a notice of delay. They knew!!! Again, this destroys the trust between Benny and Investors. I have NEVER seen anything like this...
After the response online from the delay, Benny thought, "What can I pull out of my @ss to tide them over", AGAIN!!! Sorry, this is delay after delay, after delay... No excuses for such a late warning of a GSL delay, NONE!!! They had to have known weeks ago at least. The shipping alone would have told them that.
I am long here and have a TON of shares. I have bought every time it dips and every other time people have gone after Benny. I am still holding yet I do not think Benny is the guy to run REDG. He should be there as head of products or something, yet we NEED A NEW CEO!!!
I defended Benny for a long time on here and in other spaces, yet my line in the sand is gone at this point.
Penny_Island <----- Still a pissed off investor!!!
News Now Friday, Not Monday!!!
Looks like Benny has felt the wrath of penny-land/investors tonight and realizes he F'd up...
Penny_Island <------- Still a Pissed Off Investor!!!
I don't get it, lies, lies, lies
He told us how many times that everything had to be printed so far in advance to make all these dates. That's why he had to borrow money the way he did, to pay for the printing that he was currently doing AT HIS OWN COMPANY. SO... The books should have already been done and ready to go!!! NO EXCUSE!!!
If all these comic book sites and stores don't know about it and the few that do show it as a delayed launch, it's public at that point. He could have just said instead of letting the stock run and costing people a TON of $$$. It just hurts the stock further... We would have been better off sitting at $0.001 until Spring. Instead REDG has another huge black eye that people will not forget!!! Penny Land is a small world...
Benny is pathetic... I hope he chokes on a wish bone tomorrow so we get a new CEO (just pissed). I didn't lose anything here, but come on, this is just SAD business practices...
Penny_Island <----- Pissed off Investor!!!
NEW CEO, VOTE WITH ME!!!
I am pissed. I am 100% for voting Benny out at this point.
Penny_Island <-------- Pissed Off Investor!!!
I think I should sue Benny...
I am not joking. He is guilty of such bad business practices and misleading investors. I am going to submit a complaint to the government.
Penny_Island
I called about 10 Comic Book Stores...
Same answer at all of them. No Idea, never heard of it, are you talking about free comic book day next year??? I don't have my invoice for next week... Oy.....
Benny waited until the last possible day to delay the Toys R Us deal...
This is about the worst news we could get and waiting until close before a holiday and a half trading day on Friday is just a way of minimizing damage.
I wrote Benny and REDG asking if it was on track nearly two weeks ago... and got Silence.....
Penny_Island <------- One pissed off investor!!!
Making more headlines today...
http://www.hotstocked.com/article/88638/red-giant-entertainment-inc-otcmkts-redg-rears.html
Penny_Island
I bought in originally at $0.09, yes 9 cents... I have followed REDG all the way down to $0.0007. I have averaged myself into a nice position. I broke even today, so I am smiling ear to ear. Everything from this point on is nothing but profit and we have a LONG way to go before I would even consider selling a single share of REDG.
If I could afford more, I would <----- Sad Face
Penny_Island
Bashers... & Fellow Longs
As a long on REDG for years now, I must say, the proof is finally here. We have been waiting on this for years and delay after delay. Our time is starting….
I am enjoying watching all those who hedged against REDG, flipped it to no end, and have been bashing it for years crying “FREEFALL” and trying to manipulate it back down so they don't lose their @ss.....
I think REDG will go up and down a bit here and there over the next few weeks and months, especially once we have the GSL out and see the quality of the advertisers, followed by any new announcements.
However, the big uptick will come with solid financials next spring.
Penny_Island
Rex, Long time no see. Glad to see you are back.
I was going to go into Toys R Us as well and see what is going on. there is one right near my house. I still have my fingers crossed that they are going to have the bags out for Black Friday, with or without the comics in them. The bag alone is good advertising.
Penny_Island
Are the books not separate from the GSL though?
I thought the books people are discussing on here for next year release are the larger bundled books for each individual comic.
The ones Benny said would be sold online and in stores.
That is how comics are sold, individually, weekly, or monthly. Then they bundle all the issues together and sell them every few months as a book/edition.
My guess is these dates are the bundle book for the first few issues that will be out by then, 5-10 of them per book.
Any thoughts welcome.
-Penny_Island
My thoughts.....
I don't post often, yet I have been a holder of REDG for a long time and I have a ton of shares as people on here know.
The reason it's not moving is simple... We have had our dreams crushed too many times by Benny and REDG leadership. Over the last two years we have been given dates promised of products and they just passed with little to no news or warning with no products out. More or less what we were promised never materialized. Then the constant debt notes that we kept hearing this is the last one, this in the last one, no, no, no, I promise, this is the last one.....
It's poor, poor, poor communication by REDG leadership. There is a difference between news and simple communication with share holders. We don't need an official press release every day or week. However, as another said, a simple Twitter or FB post saying all things are go for December 3rd, is all that is needed. Benny previously posted a picture of the FCBD books ready for shipping way ahead of it. So it can be done!!!
Now with that said, I did pick up some more shares today as I do believe we are a go for December 3rd and I think this is the last of this bottom we will see.
-Penny_Island
Marvel Announces Movies Through 2019.
This must be in response to DC announcing similar news within the last two weeks. Good news for us as comic based movies are clearly still in fashion.
http://abcnews.go.com/Entertainment/wireStory/marvel-unveils-slate-films-2019-26517618
Penny_Island
I fully agree with you. I wasn't sure if we had word that they continued shipping with the bags to take advantage of the advertising or not. Thank you for the update. I will likely stop in my local store in about 3 weeks to see for myself. I will update the forum if I find them.
I don't get on here on a daily or even weekly basis anymore as my new position has me traveling nonstop. In addition, REDG isn't going to move much until we have product released and financials showing revenue and hopefully profit. A plan for debt pay down would be in their best interest as well. I hope to see that around the spring of next year.
Penny_Island
I don't understand the context of your question. I would not have asked if I wasn't serious. This is an investment forum, not a jokes forum.
Penny_Island