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I do believe you're right. Every book I've read says the way shorting works is the broker can borrow shares from an account to be used for short selling. Therefore shares are not being sold that don't exist. However I'm sure there must be controls in place that prevent shares being borrowed for shorting that are already for sale.
I'm going to ask a broker friend of mine about this. I'll post what I find out.
I like your idea of putting your shares for sale with a high priced limit order to prevent the MMs from borrowing against them to short sell the stock. Clever.
Wow, there's nothing behind the .0016's all the way to .002 on Level II. All it would take is a single 5M share trade to take out the .0016's.
A little volume and we blast off. But we're going no where with only 10M to 15M shares a day traded.
We need to attract some buyers, then it's off to the races.
Some news on that would be welcome right about now. We need something to get this stock moving.
Currently I think we're suffering from the "Buy on the rumor, sell on the news" syndrome right now.
The Nash and Cameron has come to fruition, but now that it's here the market seems underwhelmed and our pps is sinking. We need something to reignite the imagination of the marketplace.
I hate to say it, but I think we need a promo on this stock for people to take notice and start buying it.
I didn't know myspace still existed.
It doesn't matter if the content is compelling to us, we're adults and not the target audience. What matters is if the content is compelling to a teen aged female. As long as they're happy and buying all is good.
Agreed, this is a lot different than a Pay Per Click (PPC) campaign where you're attempting to sell an app to people who expressed general interest such things. Click throughs on those do range between .5% and 2% then you have to deal with conversion to sale.
What are doing is marketing to a well developed highly dedicated fan base with a laser target product, the celebrity they are a fan of and an opportunity to see them live and interact with them. So it's an apples and oranges comparison. The conversion percentage should be huge.
That could certainly happen. This is a special case. We're going after a very dedicated fan base with highly targeted content. So indeed the numbers could be much larger than you would generally expect in any marketing campaign.
I'll second that. I too have a background in online marketing. The numbers Joe gives are dead on.
Well said! The way companies win in the stock market is to just keep focusing on the fundamentals. Ultimately great performing companies always win.
This company has been slowly improving each quarter posting better and financials. Sure there's been debt funded by dilution, but that's why startups go public in the first place to raise money for operations while they grow to profitability. I believe we're on the verge of profitability and from there the numbers will just keep getting better both top and bottom line. This ultimately will result in an ever improving price per share as we go forward.
I too have been guilty of wanting the big instantaneous pop in share price and have been disappointed that it hasn't happened. It would be nice if it does, but if it doesn't this company is still building towards long term success. There's no denying that and those that hold will ultimately reap the rewards.
I agree on that Q
Agreed, FB or Twitter will want to own a livestream company. So far gander.tv is the best bet out there. We need to get some revenues under this thing so we get a decent buy out price.
I think both of those things will help, however what will really draw new investors into this stock is revenue and profitability. We need a PR that addresses that.
I believe you're right. There are potentially 100 of millions of shares out there waiting to be sold for those investors who own convertible warrants. At some point they become impatient and start 'whacking the bid'.
The good news they're being sold into stronger hands that will hold long.
What seems odd is normally the Market Makers would lower their 'ask' until they found buyers. Today their steadfast set at .0017 as a group and not moving.
Do they know something?
What's that sailing analogy? "A drift in a windless sea"
It feels like we've got all the rigging up, maximum sails set, we're ready to go, but not a breath of wind to drive us forward.
We really need a PR to attract some buyers to get this stock moving.
Well it's obvious they're hoping to cause a drop in pps to get cheap shares. They just need to understand these are the cheap shares. In a few weeks time he'll wish he had bought at this level.
I agree the live nature coupled with the interactive nature of the broadcasts are the differentiators.
Yep, my hope is that they can announce profitability and exponential revenue growth. That would mean no more dilution and tangible increasing share value. This would get the attention of the big money investors and our pps will explode.
I agree at some point it becomes much easier to subscribe and pay versus to go through the pain to pirate it and suffer the low quality of a pirated version.
Also the hype and mystique of pirated versions will ad to the coolness factor of gander.tv content. Any revenue lost will be expected shrinkage.
I think our next big leg up in pps comes when the company announces the revenue impact of the Nash and Cameron broadcasts.
For clothes and shoes yes. But for digital items like music and videos they think those things should be free. A friend of mine gave his teen aged son an iTunes card for his birthday. He gave it back to his parents saying it would be a major embarrassment for him to use it. He continued to say his friends would be considered him inept if he couldn't figure out how to download music and videos for free.
That being said I am very impressed with the number of subscriptions gander.tv appears to be selling. It speaks volumes as to how compelling the content is. They're going against their natural instinct to not pay for digital content.
So I'm not surprised we've seen this complaining about there being a fee to view the broadcasts. I am impressed we're getting by it.
You don't understand Millennials then. I worked at a company who sold an Antivirus/Antimalware product. We were very unsuccessful at selling to this demographic. We conducted focus groups to understand why. The problem was we charged for our product. Millenials preferred products they could get for free. Even after we demonstrated that the free Antivirus/Antimalware products were ineffective and in many cases installed malware on their computers they still said they preferred the those free products.
It's a mindset this generation has. Things on the Internet should be free. Only fools and old people pay for things off the Internet.
You guys should be reporting these illegal video copies to the Gander.tv so they can contact youtube and have them removed.
It's costing us all money.
The only way to end this debate is for the company to put out a PR on the number of attendees on each of these broadcasts.
I'm really interested in hearing what the attendance numbers are on these shows. I hope they announce them soon.
Both of those are critically important, but of equal if not greater importance will be new acts and content.
I have to think he's has or is actively working who the next acts will be.
I'm looking forward to hearing what Chris Carrey has up next in the pipeline.
Ah, thank you. I always have that turned off.
Great idea to update that since we'll likely be seeing a lot of new investors.
Please excuse my ignorance, but what is ibox?
2 hours 30 mins until the next Nash Grier broadcast
Agreed the AXCG is just going to keep pounding the market with news every week. IMO.
I agree Nate. Positive information, negative information it's all good when you're invested in a stock. I want to know it all. That's as long as it is all backed up with solid data behind it.
I didn't think you were. I was just commenting on your posts and adding some analysis. Sorry if my posts sounded like attacks.
As far as initial numbers I'm not surprised at the size. It's not like there was a massive world wide multi-media marketing campaign building up to the launch. We're basically depending word of mouth and social media to get the word out. So it should grow organically hopefully exponentially.
I have to agree. There must be some unannounced or pending relationship else whey would you mention another company in your press release?
Well the entertainment offered by gander.tv is not everyone's cup of tea. I'm in my 50's for me there's not much I would watch. However the content they offer to the demographic now ranging from 13 years with Nash and Cameron to 35 years and older with the NYC venues is dead on.
So those dropping off maybe simply the curious taking a look and deciding it's not for them. And that's fine there's plenty of people gander.tv is just right for.
But how many did they gain during the same period? It's the net gain or loss during a period that matters.