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Lesnshawn, the difference is that other companies actually have revenue from a business plan. GZFX has limited cash before increasing Authorized Shares in the Billions. So each decision requires much DD before spending time, money and energy. This time is very critical for GZFX shareholders. Each dollar counts. btw, DVD Avenue claims that they cancelled the deal.
As stated numerous times, management should have known all of this on the front end. DVD Avenue was not a quality acquisition for many reasons.
Wonder how much we paid the "acquisition" company to evaluate this deal?
And management blames the sub penny price on "flippers".
What about all of the fees and expenses in the acquisition that is wasted ? Once again, thoughtless planning. Spending the public money that keeps GZFX in business on a deal that is now off the table.
It hurts the price more this way. GZFX once again is displaying their lack of business experience.
The deal should have never been on the table. Adult movie subscribers were the majority at DVD Avenue. So maximum of only 2,000 were going to consider GZFX. Couple them not getting many valuable movie titles and why do the deal ?
GZFX says it was for the DC and staff. But GZFX was going to pay way to much for this poor deal, imo. It should have never been an option in the first place.
Jack, you are correct, that is old news. Typical to have reposts on message boards. Not sure why it is being posted again. No need to reply as it is a mute point.
Read all my posts to understand. Never was ready to "throw in the cards", but very realistic based on the cards that are dealt.
Glancing at yesterdays posts:
Jrod is correct.
If traders were not here, there would not be anyone to buy up the float. The company needs to quit blaming flippers as a cheap excuse for lack of production. If GZFX management performed up to their salaries and options, then supply and demand would take care of it all for the pps. But they cannot expect for the pps to rise until they show the light on breakeven and/or some major avenues to get them there.
Will be 100% in GZFX to hold for next week.
Too much lined up to miss the next few weeks, imo.
Just a quick check in.
Enjoy the day.
Last post for awhile.
Remember, speculative stocks trade on news. It must come to move GZFX at this point.
If anticipation buying did not occur to date, it will take the material event to get it moving out of a channel and controlled range each day.
Best of luck on the news.
Investwize, research GG and you may also understand how it all works. Work in the arena and you would truly know what happens with Private Placements and manipulation. Exactly why those that get it flip GZFX.
I will be away from the board a few days.
Good luck.
MM's are only selling the Golden Gate and GZFX shares each day. Check the filing for the conversion schedule. Not the MM's who are keeping it down folks. Blame the financing deal and not the MM's on this one.
It will take substantial news to break the cycle.
See my past posts for an explanation of what is happening before replying.
Good luck today.
It will be tough to rise much until the news, imo.
Pennies move on news. Same game as yesterday until news hits the wire. Range can be as much as 11%, but probably much tighter.
legalegaltx, you've got mail...
Buying some back here in the 9's gambling on GZFX still being on the Circuit City site tonight.
GZFX was pulled from the Circuit City circular distribution, Agent. Another example of making a game time adjustment. But had I held the shares, they would be down 15.4% from that day.
The timing struck fear in most traders. Some sold and those ready to buy are still waiting. Horrible timing for the ad to be pulled as the cards were lined up for quite a move up, imo.
Timing seems to always be lacking with GZFX. We were headed way up when the last extension hit the wire at noon Jan. 5th sending us down 50% that afternoon.
Just hope that we do not come down from the CC website for any reason.
Jrod and legallegaltx, you got it ! PM me your e-mail addresses for the future. Rational traders always peak my interest.
The show is certainly not over folks. But just for today, use your head in trading gzfx.
I get many PM's each day asking where I stand. As always and promised, our update was posted publicly. I give credit to others that go out on a limb and say what they are expecting to happen.
Cannot always be correct, but stating publicly takes humility at times. It is much easier to stand back in the distance and critique.
But I give the most credit to those that speak in plain English about it.
Perhaps I should talk in Star Trek form with Lithium Crystals, To Da Moon and Rockets moving forward. This will protect me regardless of what happens. I can then backpeddle when wrong and say you misinterpreted the jibber jabber. And I can hold a power trip over those that cannot understand the lingo.
I am a direct shooter. And never been a Star Wars-Trek fan.
Place me on ignore or Membermark me, your call. But you will always know where I stand depending on the current cards dealt.
Read all past posts prior to replying.
Enjoy the day. See you tomorrow.
First off, I never panic. But after 23 years, I have to take into account the fickle nature of penny stock players. These are not "investments". You have to play the hand that is dealt.
Big money gets in and out before the masses. It makes a difference.
We were dealt Moving a DC today while expecting much much more. Sure, the day is not over.
It has little to do with panic. The deal is coming,imo but when? You can always evaluate each day but you cannot get back principal.
Protecting principal is key.
Hands will fold before close, imo.
You think people will be willing to take their entire position into tomorrow? Think again. The board will be active tonight with nervous people to see if they remain on the CC site.
And what will you do at midnight if they are not? Imagine the open. And being on there does not guarantee a spike tomorrow without news.
Secondly, I always keep a portion in the event news hits.
Fact, 98% of those who have not flipped gzfx have lost money.
The company has very little revenue and will be asking for more shares. This has to be considered as that PR will not be pretty. A matter of WHEN and not if.
If the program was ending, they are not obligated to tell you. It will just expire tonight. And if taken off the CC site, tomorrow will be hell.
Rationally, without a PR today, the timing is indefinite.
Tell us, What can possibly cause a rise in price TODAY without the CC or equivalent news?
Never fault someone for being honest about protecting principal.
Holding when you know where it is headed is not good business. It has nothing to do with bashing. We all gave them a chance to deliver. They probably will, but when? Again, it comes down to timing. And most will HOPE for news into the close. It just is not intelligent to try and get out with the masses.
Santa, wrong, they are NOT obligated in any way to release anything at all pertaining to CC by a set date.
What time did the PR in October hit the wire ?
Wick, maybe it will spike if the news today gets on AOL. haha.
Thought the " crystals " were heating up today Wick.
For the sake of the Price, you had better hope so. You would think that they have had time to put something together in anticipation of a PR at the bell today.
This is it for positive news today, imo. Stating that I am selling some shares today because I know what will happen to this before close and not because I think CC is off.
The close will not be pretty at all. Fear of coming off the CC website tonight will panic people just like the lack of being in the Circular did.
Have to protect some principal.
Perception is reality in this game.
Wick, Please tell us that this is not the news that you were so excited to have by today. We must be polar opposites in agreeing on what constitutes quality news. Any more predictions?
I agree. They are not very intelligent with timing. If no CC release today we head down well into the low .009's, imo. (especially before close as the nervous will fold in fear of coming down off the CC website tonight).
fringe_remnant,
Thank you ! I am unable to PM but can read your e-mail address if you PM me with one to correspond. Your quality work is appreciated.
You are correct. I saw the same thing earlier. And now the military banner is back.
It sure did look good while it was on there !
Stock Spence & legallegaltx, the opinion is that they get CC, new website, Target, and AAFES this quarter. 1 or so may trickle into next quarter, imo. But the wave of news can be absolutely powerful if released properly.
We know the significance for stock price. GZFX management is building a company and does not pay attention or devise strategy to keeping the pps up. No news for a month. They feel that it will all come out in the wash when the total plan plays out.
The CC news has built into a make or break attitude for investors and traders, which is clearly not the case long term for the company. John and Chip know the big picture and could care less about the 15th for that matter, imo.
So news is not pressing for these guys. Nobody knows when it will actually hit the wire.
Legallegaltx, I cannot reply to a PM, but an e-mail address would work.
Know that Nothing is mandatory to be here by the 16th. The 8K says, "thereafter".
Attached is a press release issued in connection with this agreement (see Exhibit 99).
On December 28, 2005, the parties entered into an amendment to the Services Agreement (see Exhibit 10.2). Under this amendment, the parties agreed to extend the pilot program until March 15, 2006. Thereafter, if the parties mutually agree that a national rollout of this program is mutually beneficial, they will enter into a definitive agreement for such national rollout.
Let us know when you find them Wick. lol.
Wick, get it going.
The_Edge & Wick,
The end result is to get to profitability. Then we can eliminate the need for Golden Gate and the selling of open market shares.
So, the_edge, nice post. CC means a great deal for perception. But the reality has produced otherwise in terms of expecting exponential growth and 2006 sub count.
The public wants CC more than GZFX needs CC, get it ? The need is for CC, Target or like, AAFES, etc. to make the pps rise.
And Wick, nice talking with you. Time for management to deliver on those inflated salaries. Let's see if you can produce on the news by Wednesday statement.
GZFX management is less concerned with share price as they can just issue more stock from the half billion new pot. As opposed to the public who has hard earned money tied up and cannot afford an extension or cancellation at this time.
Get it done now, GZFX.
MM's have no idea what is coming. All a % game and protection from big news.
You are good, Wick. But your wallstreet.net old news and aol made some take a step back and scratch their heads.
Tell us when news is coming and I will give you a Gold Star.
Last you called was website 1.5 weeks ago in multiple PM's. Then backpeddled to " on the 6th or after ".
Come on Wick, we are counting on you, prove it. haha.
The snowball effect. Run it tomorrow then and show us how it is done. It should move some tomorrow as many will place their bets. No mystery.
I can stroke your ego if you want, Wick. But calling a run right before CC decision is not difficult. Today had 18% spread from top to bottom. So the beta is high because the volume has increased.
The point is that they have no idea what is coming. So they will not overload and then get hit with a cancellation. We all can see the increased activity. It coils the chart and sets up for a breakout in either direction. Yes, you can see when this happens, I agree. But they are prepared for the chart breakout or breakdown. Remember, they are not in the homerun business. A controlled single each day can be monitored on the books. So many stocks. Again, live people are not in front of computers trading each stock for the MM's.
Wick, your theory points to MM's knowing what is coming on the news with CC.
TA Indicators are pointing up. They cover themselves in this situation with all companies. When volume and L-3 buying increases, they adjust. That is what you see. (of course, the MM's have the privilege of L-3 after much controvesy). So, yes they can be read to a degree from that standpoint. But MM's are savvy. They will not accumulate more than the formula % and get hit with unexpected news.
See, the MM's can do a test run. Since so many are waiting to jump in, any run can snowball with frenzy buying and selling in each direction. The MM's see this on the L-3 and play the emotions until news.
They have no idea what the GZFX-CC decision is.
We should trade higher with so much news on the table.
The public is so focused on CC right now. AAFES is the real deal to pay attention to. CC, even with 50 stores a month, CC does not get us very far before more shares are asked for in the Billions. CC has done very little for the sub count to date. Every piece of the puzzle helps but CC will not get us to breakeven before more A/S's.
GZFX is less interested in CC than you may think. GZFX pays so much per sub with them.
Wick, MM's have to maintain a certain percentage in house. Kind of like a reserve in banking. Complicated unless you know some people that have played the game. Visit one and it will open up an entirely new world.
GZFX is about news, period. Has nothing to do with the MM's heading into the 15th and beyond. News will take it way up or slam it down. They know this and trade the ranges giving a cushion in the case of a news release. They can manipulate within range. But GZFX will move up 200% or down 50-70%. Either way is indifferent to them.
The formulas are set for thousands of stocks. You think MM's research the stocks they handle? Think again. They may not even know the significance of the 15th. They get L-3 and can see all the orders. This is how it is done. In fact, they probably held it up today. Momentum is powerful. They can certainly play on the emotions of traders with what is displayed on L-2. A comfortable range for them is appealing. It is impossible for a live person to sit on a computer and follow each stock. Really think about how vast the stock universe is. And then realize how the trades are executed.
MM's do not typically know what is coming, so they use equations to hedge, taking a small cut each day. Sure, they make more some days than others. But to tell people they are accumulating is flat wrong Wick. Sure, it may move up Tuesday because it is the 14th, but not because Wallstreet.net old news hit AOL. Come on.
They are not accumulating for an increase in pps. This would indicate they have information on what will be released. MM's make money on a day like today. .0095 to .0112 range, and playing the percentage game. In fact, they make the most the lower the pps goes. For instance, .0001 to .0002 is 100% return. Not going to educate you on all this tonight.
Very shocked at your wallstreet.net post and now this.
You are talking like a rookie now, Wick.
Wick, Surprised that you did not see this several days ago? Better check those engines, Captain. haha.
That hit Yahoo, Dow Jones, etc. this morning before open and was even posted on here several days ago before it hit the wire. And not really any different than his other wallstreet.net interviews.
We need real news. Not flying on that interview.
Being taken out of the Circuit City circular sure killed the momentum until news. Bacon, that is correct.
They had better not mess with the CC website at all.
Have to admit that I thought we would be much higher heading into the 15th.
Come down to the news they end up releasing.
For the record:
In no way will Circuit City become an equity partner with any party. They have been very clear about this in the past. Numerous reasons begin with legal liability and move to cutting ties if service is not up to par.
And the website issue stands alone. It has nothing to do with CC at all. GZFX is not going to integrate for one retail partnership. It just has not been worth enough to them at this time. They will want to leave the site neutral in order to market to other retail organizations. Sure, a logo may be placed here and there. As far as time and money spent integrating, no, imo.
We need news.
I have never claimed to understand GZFX management. No news in a month is not smart business, imo.
The real gut check comes on the 15th and each day following with no news. How will you all truly react if nothing comes on the 15th?
Personal opinion is a modified deal is on but will not be announced until after the date. Really not sure how people will react as each day passes without news.
Tough to watch each tick and remain sane. So many are holding on by a thread.
Dspetry, Excellent Post !
People need to relax. Speculating this and that is not helping at all. The ad date was planned well in advance of the final decision. It was always coming off this week because the 15th falls in the middle of the cycle. And it happened the last time too. The lack of an ad means nothing, imo.
It will all make sense very very soon, imho. Time to separate the men from the boys.
Do not worry.
Just checking in. See you tomorrow.