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I think your opinions on the delay are reasonable. I suppose only time will tell what caused the delay. Of course, we may never know and it may be irrelevant after they're filed. One thing I do know is that this audit is still commencing and Hogan & Taylor are still on board. The recent reference to them in their financial filing cites Hogan & Taylor and advice given to TDGI from H&T. One could logically infer from that that H&T are still there and are still on board.
The only thing I would throw out there is that while common perception is that an audit shouldn't take this long, in reality nobody really knows what's going on behind the scenes and exactly why it is taking so long for the audit to be finished up. Remember that what we're waiting for is verification of the TDGI library. I assume the rest of the financials are complete and/or waiting to be finished up pending the results of the library valuation. I would be inclined to agree with the naysayers on the length of the audit being too long if we had a gagged TA or there were dilution occurring. But there is not and has not been either of these things, and I'm therefore at a loss to figure out how not publishing the audit would financially benefit the company. I can't come up with a reasonable way to figure out how the audit delay is scamming us of our money. It just simply hasn't to date except for the stagnating PPS.
That's the key to unlocking everything at this point. Once we see those audited financials, then release the news. The company I'm sure is aware at this point how critical those are and how nothing -- and I mean nothing -- will make this take off without them. But once we get them, everything will be changed.
And that leads to another point to consider. If one believes that the audit is impending, then it's time to load up at these low levels. I firmly believe that like a thief in the night EP will drop those financials on us and this will be a game changer. Some folks don't want the risk of not having certainties, and that's fine and I totally understand that. But just know that this thing will skyrocket if the library is valued anywhere near what they've published in filings.
Gittes, I totally concede that we NEED the audit. In fact, I don't think there's much to talk about with TDGI until that audit comes out. It was a major gaff to miss the self-imposed target date. I've never suggested otherwise.
I've heard that Fred is still working on little odds and ends for the audit. I'm pissed they missed their own target date, but I'm staying because they haven't diluted and won't dilute.
People can scream all they want about the financials marring TDGI's reputation and EP's credibility, but at the end of the day TDGI has not stood to financially benefit by not completing the audited financials. Unlike the infamous SPNG and others, TDGI is NOT selling shares. Their TA is ungagged. Therefore, one has to logically conclude that they aren't attempting to screw shareholders. We might not like their missteps, but my goodness we've talked about them ad nauseum over the past 4 months. I'm ready to move on past them. Bottom is in for TDGI in the .025 range.
It's a pain in the butt to wait, but nobody ever said investing and making money was easy. But when those audited financials hit, all will be forgiven on my end. That is going to be a day not to forget here.
It's still being finished up. Thanks for asking, and have a nice evening.
Thanks for your opinion. In my opinion, I wouldn't be upset with this company because the cease and desist letter was retracted, the Wild Hunt is being released in November, the audit is being finished up, TDGI cut ties with Phoenix once they learned of the CEO's alleged past, TDGI walked away from HTYMP, Twelve is being distributed by Twentieth Century Fox, Racing Dreams is flying off the shelves and the stock price per the chart is consolidating and is under accumulation as we speak.
Plus I very highly believe that Girlfriend will be released this year as they claim, and will be well received as it's a testament to the trials of individuals whose lives are much more difficult than ours.
I guess it's just a matter of perspective, right?
You mean they actually released Racing Dreams to stores? After all I've been reading, I've been led to believe that this wouldn't be coming out. Ah, that's great news *wink* *wink*
Agreed, Chris. This has a very, very solid base in the .025 range. The good Lord knows many -- and I mean many -- have tried to break it down below that but to no avail. So what does that tell us about the resiliency of TDGI? It tells us that things are not as bad as is being portrayed. If good folks weren't holding onto their shares we'd be dribbling lower. That means there's value to be had here. I'm holding all my shares waiting for the day.
Gotta love the nearly 20% spread on TDGI today.
We bleed blue at my house, have for 25+ years, good or bad. Now it's time to see some green here with HNSS!
Hopefully that's just the start. HNSS topped out at .033 I believe only a few months ago, and since then 150 million shares have been bought back. Now hopefully any news will propel us back to that level and beyond.
I'm still here. More of just a watch and waiter. I've done my DD on this company, it's a great buy at these levels. Let the run commence!
And while that was true then, it doesn't hold true now. Different company, different management, different prospect. Would you agree that it would have been better for TDGI to not communicate to shareholders a target date for the audited financials? Would you agree it would have been better for TDGI not to have communicated to shareholders about the Phoenix deal until the due diligence period had passed?
That's just a small example of some of the instances it would have been better to just stay quiet and execute, then announce when things are accomplished. I see your point, but my due diligence satisfies me that what you speak of with Fotis and the past management prior to the reverse merger is NOT the case in the least bit here.
And while we're speaking of what I wish for, since I like to be upfront, my wishes and hopes for TDGI is that they continue to focus on their already profitable core business, gain transparency and execute the release of films better than their first few which will add significant shareholder value. My due diligence tells me they are moving in the right direction.
This is one of the lightest starts to TDGI's trading day I've seen in a while. Whether positive or negative here, it looks as though many are just waiting for the next move by Eric and company before some massive excitement kicks in. I don't know about you all, but I like how there's really very little information leaked out now about the goings on at TDGI. For far too long we saw too many emails and Facebook posts and made investment decisions based on those.
My two cents is that a solid slate of info will start coming out fairly soon. My hope is the cornerstone of such information is the audited financials. That will be a game changer here when they hit.
No sense in wasting your time, Harley. BTW, your posts are insightful and well thought out and add a lot to the TDGI board. Thanks!
Funny thing, nothing happened that wasn't already known. Read back through posts from the resident doomsday-ers and you'll know every misstep TDGI has made since becoming a public company. That's all baked into the price. What's not baked into the price is when this company files its audited financials and if they get T3000. This should be a multi, multi, multi bagger from these levels.
Films like Girlfriend, Racing Dreams, Twelve are "bread & butter" films for TDGI. Many want them to be box office surprise hits, but they're not the caliber nor quality of films to be homeruns. These are the kinds of films that allow TDGI to be a profitable company. They're going for the homerun with T3000. Girlfriend may not be a hit as many characterize a "hit" but I know that I know that I know it will be a profitable film for TDGI. In the end as a shareholder, that's all that matters.
And talking about T3000, consider how that announcement can instantly change this little pink sheet company for good. A $70 million film under the Terminator franchise. TDGI will be rolling a $70 million film out - with a current market cap of $13 million.
Think about this, if T3000 news hits and we actually get it, what will happen when that film gets priced into the library? It's self-explanatory. That's part of the reason and hope we should have here.
Do we really have to keep beating a dead horse here? We've ruminated on HTYMP for long enough. It's done, it's not our film therefore it's immaterial to the success of TDGI.
Can you please explain from your recent post how we're all fooling ourselves?
Looks like I missed it DK. Thanks for reposting it. I'll go back through this weekend and see if anyone else has experience with library audits.
Not deleting posts, nice try. You've made this about yourself by posting an opinion and placing a public judgment on the length of time of the audit by intimating that it's taking too long. You've failed to answer my simple question THREE times. You simply keep playing the "mod" and "delete" cards rather than stepping up and answering what your experience with audits has been.
So now I'll answer the question for you. You have no experience with audits. You have no idea how long an audit should take. You're mad and emotional because things aren't happening when you want them to. You're spouting off negativity on a board based on your emotions and not on experience. The fact is nobody knows how long the audit should take. From what I've read, nobody here has any insight as to how to value a library.
Fact is they haven't diluted us as we've waited. Nothing nefarious has taken place. So what's your problem then? Taking too long? Join the club of those waiting for them. Enough said...
Now all we need is Eric to drop game changing news this weekend to screw over whoever just dumped shares on us. It's like the movie groundhog day here. But my will won't be broken by this nonsense. I know it comes with the territory. There's always next week!
Not attacking the messenger, simply asking you to defend your statement. Why is that so hard to do? And why do you keep playing that card over and over again? Is it not legit to ask someone what their experience is if they make a judgment and opinion on something?
If the roles were reversed, I'd simply answer the question instead of blaming you for asking the question. I'm well aware of your disdain for this board, yet you keep coming back with these opinions. That's fine, but don't operate in a vacuum. There's all kinds of opinions permitted on this board. Read back through the past several weeks. Any fears you had about censorship are moot. Now you're trying to keep playing that card again. Won't work. You're free to say what you want here opinion-wise, and I'm free to challenge that as well as my opinions are free to be challenged too.
So again, for the THIRD time, I ask what is your knowledge regarding how long a library valuation should take and please cite your specific examples that led you to come to such a conclusion? The fact that I've had to ask this THREE times suggests I already know the answer and have hit a nerve with you since you won't answer the question. But I'll give you the benefit of the doubt to try again.
I'm asking because you're intimating that you know how long they should take and that this is taking too long. I and all the other readers here would like to know on what authority you speak. So again I ask you what is your experience with how long library valuations take and please cite which public companies you've had experience with that forms your opinion. Thanks.
Question, how long is an independent library valuation supposed to take? And what other experiences have you had with a company getting their library valued? Thanks.
It is ridiculous, down 11% on news of a pact with Starz of which nobody knows what the bottom line will be to TDGI. This is setting up nice for financials to come out establishing a significantly higher book value and shafting all the haters.
Agreed. For some strange reason they don't see it as important as we all do. I know several months ago many of us here on this board contacted Yahoo and Google Finance and our brokerages to have them update the info. Yahoo got it updated. I know people contacted Eric and made him aware of it. Why the company hasn't done anything about it is frustrating. But you can look at it one of two ways. First way is the negative, that they're lazy and flubbering fools and can't get anything done. I don't think that's the case here, they clearly are ambitious and do get things done. Second is they aren't too concerned about getting the info updated at this point because it doesn't matter to them since they plan on becoming current and then uplisting. Once they do that, they can attract a new breed of investor. So in that regard, it makes sense to not waste energy on trying to update your company's profile until they have a solid foundation under them. We all forget they are less than a year old public company. What's key for them at this point is building base revenue. It's very telling to me that they aren't focusing on the current iteration of TDGI but rather building the foundation for the new, transparent TDGI which will arrive shortly. Would be great to get a ticker change too...
One can make a reasonable inference that since they don't put out pump PRs and are not diluting that EP and company aren't focused on driving the PPS up at this point. That means they must be setting a solid foundation for the company of which the cornerstone will be those financials. It also means that they aren't like the other 99.9% of pink sheet companies who focus on lining their pockets today and screwing shareholders tomorrow. Frustrating to wait for it, but the table is being set for a nice future here.
This is an old description of the company. Since Hannover House reverse merged into TDGI, not all the descriptions of the company have been updated in various places. I can assure you the current TDGI has nothing to do with real estate or vineyards. I would suggest you email Scottrade and tell them the company info they have for TDGI is outdated and needs to be updated. Sending them links to Hannover House's web page and pinksheets.com for TDGI should help them out. I've done it for Yahoo and Google Finance and E*trade.
Wow, so you think things are so horrific at TDGI now that they used Mobius Strip as a diversion from their latest stumbles? You really don't think much of the company. You're typing and not thinking again. Nobody - and I mean NOBODY - would use Mobius Strip to divert away from any troubles. We all know the film is dated, old, whatever you want to call it.
But you of all people should know - and I suspect you do but are not saying so - that theatrical releases oftentimes (and certainly in this case) are used as marketing for the DVD/VOD market. Whatever you spend on the theatrical release carries momentum through to the DVD/VOD market. Having your film on the marquis is also more advertising. People see the name. You know, brand recognition. That's the name of the game. Agreed this isn't a major theatrical release. This one has limited release written all over it. I personally think the film is no good, but I'm not a kid and not a fan of these kinds of story lines. I'm simply not the target audience. But I think it needs to go through a very limited amount of theaters. Putting the marketing for the DVD/VOD market aside, it's always a possibility that somehow this movie could catch on and that's a very compelling reason to put it in a limited amount of theaters.
It's great news that Racing Dreams is temporarily sold out on Amazon. Should bode very well for bottom line profit on this film for TDGI. Sweet!
Any time the accumulation line is going up and the PPS is going down, there's shorting involved. Happens all the time on penny stocks. Bottom's in on this one. Looks like a run will be happening sooner rather than later in my opinion.
I don't think there's anything left to say at this point, we've plowed this ground dozens of times. Now that EP has gone silent until concrete news, we have to wait to figure out what he's going to do next. I think this is good because for once maybe we'll finally be surprised at the news that comes out and the PPS will erupt.
Of course, on the flip side, at least the negative repetitious posts have come to a screeching halt too.
It's so quiet, I have a gut feeling news is about to roll out. Holding nicely today. Wait for it....
Agreed. It seems that someone is buying with some anticipation of imminent news. Nice to be able to sit back and watch the show, isn't it?
Looks like they are already sniping at some shares and bringing the bid nice and tight to the ask. We are close to just breaking out, that's for sure.
You gotta love how TDGI doesn't move on news but rather seems to move on nothing.
.032 pierced. Let the run commence...
It is thin up above. We'll move on air once the volume comes in.
Great post, Harley. It really does seem like everything is interconnected. EP is no fool. While he has his flaws, he's a very shrewd businessman as we've seen in the past. He knows how to get deals done. What I'm really liking is I think for once there's going to be an element of surprise once news hits. Since they've gone relatively quiet, now we don't know what they're doing and when. Makes those of us happy who are longs as the self-imposed deadlines are hopefully a thing of the past. It also creates a problem for any flippers out there as news literally can hit at any time.
Not a word regarding the financials other than Eric's acknowledgement that they missed their date. We do know the hold up is regarding the library and the library alone. It's having to be revalued due to the change in DVD values and the addition of Blu Ray and VOD (which weren't factored in when the library was originally valued)
I'm glad Eric is keeping quiet at this point, we don't need anymore self-inflicted wounds. Fact is, those financials are being done and may turn out to be the first surprise we have for TDGI when they come out.
CK, so what would you say is the best thing TDGI has going for it right now if you only had to pick one?
For me, it's the imminent transparency TDGI has coming any day now. That will be a game changer for this little pink sheet stock. It will distinguish it from 99% of the other junk stocks on the pink sheets. It also will give greater weight to all PRs coming out after it.
Welcome back, CK. Nice to have another voice of reason back around here. Things setting up nicely for some juicy news...