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The CC deal is on. Sell your shares and we will buy them up. It will all make sense with the news.
Relax, it is on, imho. You will see soon enough. And, hey, better call the Florida stores that JUST GOT GZFX a few days ago and tell them you are scared. haha.
Sell now and you will kick yourself hard shortly, imo. This is the home stretch when the big rewards are given to the patient.
The ad means nothing. They take weeks to update and alter. Ask a CC employee. I am trying to locate an older post where a Circuit City Regional Manager explained how the process works. And GZFX has been in and out of them before. Not a big deal at all.
And also ask why the new Florida locations and training if it were off. Step back and be rational. Why roll out new Florida locations.
Relax, Circuit City is a done deal, imo. Speculating about it all weekend will not help any.
It is set to Gap Up Monday before the bell, imo. Nice close !
Jenna, I am not quite sure how that portion will play out.
It sure makes it very interesting.
I am now ALL IN heading into news if it matters to anyone. Some asked me to post when I hold a 100% position. No need to reply.
Billy, personally not sure. Ask the source of the e-mails. Then check where John was yesterday.
I will take the suggestion. The past few posts have been removed in order to protect the source of the e-mail from any trouble.
But it is not hard to find his e-mails floating around.
This is not a joke, considering the source, imo.
MathmanJC, Outstanding post ! VA Patriot, Unknown_factor, hope this helps.
GZFX spends alot of money. Even when live, the VOD deal will produce very little. It was more for marketing than anything, imho.
I am counting on some retail news to press us higher before the share increase. The share increase is coming for sure. Management had better time this one correctly.
Unknown_factor, the order may be controlled by management to a degree. But the share count increase is mandated, so it depends when they are all tapped out. But say they partner with another retail company, then they will need more cash as discussed. And they will have to increase it by Billion(s) to satisfy the GG arrangement.
You get this. They are going to need many more shares and cash to do it all. They better not drop the ball this time. The press releases are the key to the higher pps.
All of the posts stand. That has never changed. I have not altered anything except the expected date. Each day I dig for the updated dd.
The company asking for more shares is also a recent development. Many people did not understand how the A/S and O/S worked in accordance with Golden Gate, and open market GZFX sales. Now they will not be shocked when it hits.
Again, it was frustrating because news was postponed from the target date, imo. So I had no choice but to flip. And I promised many on here to keep them up to date either way.
My posts about the company do not change. I never have praised GZFX management. It is a play on the news. And the posts are related to share price.
But the news remains intact, imho. And some new information has been added. So up we go, imho.
And the price closed at .0094 today. I say this so people can reference it when trying to call me out.
Remember, it is okay to discuss all the issues as a message board is not moving the price.
Coach,
I would not be here to trade it if news were not coming. Plenty of other companies to focus on.
It already hit the lower .009's as posted and expected. I always hold a position in the case that news hits unexpectedly. But more shares can be picked up if news is not coming.
Tomorrow may be a nice entry. But a news release is NOT coming tomorrow, imho. You will have to wait for that.
The fear lies in when they will ask for more shares.
We need Circuit City, Website, insert another major retailer, then AAFES. Let's build the pps before they ask for the shares. And they will certainly be in the Billion(s), imo.
The price should do well if they can release the PR's in a timely manner Before asking for more shares.
CC should remain a go, imo. And all the posts the past few days are also very real issues that all should know.
It is up to management how to release the PR's. It matters alot for the price at this time.
So I will post this tonight in order to not hear the BS tomorrow when we go up some on no news, imho.
Rumors can also be very powerful. So up we go.
Howaboot, that person is posting all pump and positive. Not my style.
I have read the site when it was free. But I do not pay for a membership. Nothing hidden, I am BMI. But thank you for considering me.
Ever think that he is me ? haha.
BS Daddy,
We are NOT funded from business revenue ! Do any of you actually read the filings ? Or do you just rely on Wallstreet.net, a paid site for info ?
GZFX Selling shares to open market for cash kills the stock. Cash is not coming from the business model. And this is why GZFX is a trade and Not an investment.
They play the shell game and prosper on high volume days.
A reverse split will reduce the amount at the expense of shareholders too. They could care less about you all. They can just issue more shares as they recently did (to the tune of 500 million for insiders). Sweet deal.
And taking more from the 16.5 million GG loan triggers the GG conversion schedule. GZFX will have to draw from GG to continue.
If GG has to get into as much as 8 Billion shares, GZFX has to have them Authorized to pull from. Plus GZFX touts that they have cash. This is because they continue to sell to the open market, imo. 2 billion shares in one quarter ! You think that this just stops ? It is an ATM machine for Chip and John.
So you had better (Quickly) hope for CC, AAFES and more. If not, the shares are headed towards 10 Billion, imo. And they will tell you the shares are only for deals, etc. Well they said that when we traded under a billion. And now they are all used up, imho.
The point is, either way, GZFX is about to ask for more shares, imo. How many Billion(s) is the question.
There has to be enough A/S to do the acquisitions, VOD, Golf, advertising, high salaries and GG conversions.
btw, This is all mandated by the SEC. The A/S have to be able to cover the loan and new shares to market that are sold by GZFX for cash.
GZFX is tapped out with A/S, imho. A filing will show this.
This is all fact, not bashing. At least understand why people flip this thing.
Lenshawn,
You sure about all of that? Really sure.
GZFX is a DVD company. They have NOTHING to do with VOD. The Pitt satellite deal is a joke, look into it. So GZFX will fill shelf space with CC as a cash cow.
The point is that much of the cash is burned and more shares are needed. Many will hit the exit on any CC pop in price.
Because CC is not producing very many subs for GZFX at all. And it costs GZFX alot of money for the CC name.
Run the numbers on sub cost and growth before replying.
Do what you want. This is a play on CC and AAFES news. Without it, watch out below.
An extension would slash the price 50% immediately, imho.
Then GG would convert shares and GZFX would have to ask for more right away.
So be realistic. Who is to say the FL stores are not part of a Pilot Program extension?
Good day, do what you wish. I will evaluate again next week at some point.
Chicago & Tina,
Acquisitions have done very little to date. GZFX pays way too much to these companies.
For instance DVDAvenue had maybe 2,500 subs to possibly transfer. Now of these subs, how many will actually transfer ?
GZFX has made it clear they will not deal in the adult movie sector.
Well, most were adult film clients. So very little will transfer to GZFX.
And ask yourself how much cash GZFX used to acquire Maybe 2,000 subs ? The cost per sub is out of control.
GZFX now has the cost of paying the high price for DVDAvenue staff and DC.
GZFX also PAYS the Circuit City expenses for the name. And GZFX pays them alot per subscriber.
The 6 million will not last much longer, imo.
CC is not accounting for very many subs with the Pilot Program.
So they need to use the cash to get in on other opportunities.
And GZFX continues to dump shares into the market along with GG, imho.
Tina, you got it. We need the CC news and AAFES to even have a shot at the stock price staying above .005, imo. Simply because of the conversion schedule WHEN more money is tapped into.
Reality check. GZFX is a temporary cash cow for Circuit City until Video On Demand takes off. They have the floor space, so why not. And the deal does not cost CC anything.
Well, the delay has been because GZFX has not been able to service the accounts well. And the DVD's have delays in shipping. Customers have complained. All trying to be sorted through, imo.
Read all of the articles. DVD's are phasing out. And 6 million in cash does not even dent the billions needed to lead in VOD.
The Circuit City business model will NOT acquire or fund GZFX in any way. Legally they want no part of a separate entity. This has been confirmed. They want GZFX simply for the cash per sub.
But the rollout will be slow, so GZFX needs to increase the A/S, imho.
So GZFX is on its own for financing and VOD. And they are not going to be a player in VOD.
Circuit City will go VOD by themselves or with another company.
The longer GZFX takes, the closer we get to VOD for games, movies, etc.
In fact, spoke with a publisher yesterday. He is in shambles trying to figure out how to make money. His DVD sales have fallen 32% since last year.
The times are changing. Circuit City knows this. But in no way will they EVER fund GZFX.
Unknown_factor, the O/S are much lower with the companies you mention. Makes a huge difference. Compare apples to apples.
Unknown_factor,
Missing the point. GZFX is factoring in CC, AAFES, acquisitions, etc. into the projected best cased scenario sub count growth. Even then, Chip Hopes they reach breakeven at the end of the year. So without them all, forget moving ahead at all, imho.
Without these all hitting, the growth will be nearly the same as before. It took 2 years to get to 6,000 subscribers. A snails pace. And then GG will convert the 8 Billion and Reverse Split. You know the game.
The point is that they need more A/S even at the best scenario for growth.
The market is turning to VOD. And CC knows this. They are evaluating the need for GZFX. CC will NOT partner with GZFX for VOD, imo. So it is a temporary fill until VOD comes.
And Wick, you are correct in the assumption, imo.
A year ago, we would have all been surprised to be near 4 BILLION shares right now. You see, 6 million in cash is deceiving. It was not from operations, only from GZFX selling shares to market and Golden Gate toxic funding.
Scenario: They ask GG for more money. Then GG has to sell immediately because they can only hold 9.9%. We do not have enough Authorized to cover it as it stands now.
They have to anticipate enough Authorized to cover the conversion schedule below. And the magic line will always be " we do not plan to use the A/S " Then why ask for them?
So more shares are needed. And it will be high so they do not have to ask often, imho.
You better hope CC and AAFES news comes before this time.
If not, the GG conversion schedule is as follows:
(Never forget that management was not intelligent enough to take out the line that Golden Gate can SHORT SELL GZFX). This is how we are played. A message board has nothing to do with it. Golden Gate and GZFX selling shares control the stock price. Especially with no news.
(g) Adjustable Conversion Price Feature of Debentures Could Require the Issuance of Greater Number of Shares.
The Company's obligation to issue shares upon conversion of the convertible debentures to Golden Gate Investors, Inc. (see Liquidity and Capital Resources, below) is essentially limitless. The following is an example of the amount of shares of GameZnFlix common stock that are issuable upon conversion of the convertible debentures (excluding accrued interest), based on market prices 25%, 50% and 75% below the market price as of November 10, 2005 of approximately $0.01:
Number % of
% Below Price Per With Discount of Shares Outstanding
Market Share at 18% Issuable Stock
25% $0.0075 $0.0060 2,735,000,000 73.90%
50% $0.0050 $0.0040 4,110,000,000 80.97%
75% $0.0025 $0.0020 8,235,000,000 89.50%
As illustrated, the number of shares of common stock issuable upon conversion of the convertible debentures will increase if the market price of the stock declines, which will cause dilution to the existing stockholders.
(h) Adjustable Conversion Price Feature of Debentures May Encourage Short Sales.
The convertible debentures issued to Golden Gate Investors, Inc. are convertible into shares of Company common stock at an 18% discount to the trading price of the common stock prior to the conversion. The significant downward pressure on the price of the common stock as the selling stockholder converts and sells material amounts of common stock could encourage short sales by investors. This could place further downward pressure on the price of the common stock. The selling stockholder could sell common stock into the market in anticipation of covering the short sale by converting their securities, which could cause the further downward pressure on the stock price. In addition, not only the sale of shares issued upon conversion or exercise of debentures, warrants and options, but also the mere perception that these sales could occur, may adversely affect the market price of the common stock.
Not to mention the number of subs needed for break even continues to rise with each interview that Chip and John give??
And this factors in Circuit City helping the number. Without CC and AAFES, GZFX cannot make it to breakeven ever, imho. Listen to the interviews carefully.
And the filing number of 1000-2000 subs per month is not fast enough to breakeven this year at that. Remember, this number is inflated to cushion for acquisitions, CC and AAFES, imho.
More money and shares are needed for operations, imho.
You still do not know how much they paid for DVDAvenue, Golf Advertising, VOD and new DVDAvenue staff and DC. The opinion is that they paid way too much.
It is up to them how to time the release on increasing the Authorized Shares upwards of 5 Billion.
Read the portion about adjusting a trading plan according to timing and news. GZFX dropped the ball, imo.
News was supposed to come sooner, imho. And that is old news when I posted that. Look at the date.
Traders have to work with what they have and be willing to change with the news & stock behavior. This is real money.
Ask Wick, he is the master at it.
Unknown_factor, Bash ? What are you talking about. My posts all stand good and bad. Look at both sides when trading. And dig deep.
What I will not do is lose money. Protecting capital is the name of the game.
The news was supposed to hit earlier, imho. So adjustments need to take place in the trading plan. I always hold a small position in case news hits. But not likely until the 15th or after, imo. If this changes, I will buy back in. I planned on holding but the news did not come. Adjustments had to be made.
I have always said that GZFX is a poorly run company. The only interest here is Circuit City, AAFES, etc. The VOD, Golf, etc. is the same waste of money for GZFX as the Superbowl ad that was promised and Dell Dude. Management continues to throw it out the window.
With their $ 200,000 per year salaries and 500 Million newly authorized stock, they are the real winners.
The shareholders have kept this company afloat throughout many mistakes. To the tune of nearly 4 billion shares now.
Chip and John have the same shady track record as expressed in the past.
Without news, it obviously cannot sustain the recent rally.
Read the charts to see where it is headed.
If .0093 breaks, we head to .008's next week, imo.
And yes, it is obvious that they need to ask for more shares. Circuit City will not provide enough subs with a slow rollout to help the revenue before more cash is needed.
Pick your poison. GZFX sells the shares or they tap into Golden Gate who can only hold 9.9% and sells immediately regardless of price.
Now timing is everything. And GZFX has been horrible with timing in the past. I believe the CC deal is a modified go. How much appreciation depends on how and when they release it.
Pennies trade on momentum and news. Not sending out ANY news in a month is what it is.
But I never have said it is a quality company. My gamble is on the news.
Without news, GZFX is not worth .002. In fact it traded there on much less Outstanding Shares before CC came into the picture.
Frankie, It is obviously increasing. BUT the sub count is not increasing nearly fast enough to last with current cash on hand. All in the filing.
Circuit City is not accounting for as much growth as we expected. And rolling out over several months at a reduced rate will not help much. We will all see on the next filing.
Chip used to say 15-20,000 to be profitable. Now, in the most recent interview, he HOPES this year. So get on him for changing the number and not me.
It is what it is in the filing. At best 2,000 subs per month.
Then look at what GZFX spends per month !!
The 6 million does not last long. Especially with golf deal, VOD, etc. And you all better check into how much they paid for DVD AVENUE. They also brought on the management, imo.
They need more cash, period. And they need more Authorized shares to get it. Work the numbers before replying.
The point is that the filing will come, imho. They need cash because of the low sub count. They can only get it by selling shares and/or GG. But the Authorized will have to be increased, so expect it, imho.
Check the filing. They spend a fortune and revenue is minimal.
Many people do not realize how close we are to management asking for more shares, imo.
I still agree with that post. Nothing has changed except the original time frame.
Interesting how people hear what they want. The discussion today has been on trading GZFX.
And by the way, it is in the .009's, so those that sold higher did well.
It is not a mystery where it is headed without news. Check the history to find out.
The wait in news sparked the discussion. You will never see me purely discussing one side.
Always make your own decision.
Unknownfactor, Never said it will be delayed. Said it will be modified. Read the posts. The deal will happen, imo. Again, we are talking about trading and realistic time frames.
And yes, the O/S are much higher, imho. That is a no brainer. We added 2 billion in one quarter ! They will not turn off the selling until they turn a profit from the actual business. GG can only hold 9.9% at a time. And they are in the money 18% off the bat. They could care less about what is coming. They take the money regardless of price.
CC will give a pop because of the name. NOT because it will help the sub count much before more money is needed.
They (GZFX) can sell the shares to market or take a loan from Golden Gate who will sell to market. So pick your poison per say.
Exactly why they will have to ask for more shares sooner than some believe. Only way to get it higher without a Reverse Split is profitability.
Do what is best for you. The market will determine the value.
Right on Wick. Unfortunately, we cannot push the river.
Unknownfactor, show me where I said delay ?
Mike,
When the shares get into the 4 Billions, absolutely, trading makes sense.
It is a risky business. A delay takes us down 50% within minutes (See Jan. 5th) and CC news takes us up. But 50% down again will convert a high amount of the GG debentures.
And GZFX will have to ask for more shares to cover the GG loan, imo. CC is worth alot on paper but sub count will not be increased much before GZFX needs more shares and money.
The problem is that 99% of shareholders own at much higher levels. So many are waiting for any chance to get out on news. And that is why trading makes sense in this case.
If you are lucky enough to be in the Green, more power to you. But it is only a profit if realized, so protect it.
The point is that news is coming by months end. So place your bet depending on your risk tolerance.
Greed can blind even the most seasoned traders. So let's not get emotional here. Treat it like a business decision and you may win.
UAB, The time I was down on GZFX was when the 10K was coming. It came and people saved a 50% slash of principal. Those that listened doubled up on shares too.
My posts stand. Read them.
Some people (UAB) will never listen. Kind of like the AL-Auburn football rivalry. The people in the state of AL will take a side (AL or Auburn) and never change, regardless. And others will go to UAB and listen to both sides to make a choice.
Unless you listen to the market, you will lose in this game.
Pennies are not the place for Rookies and Amateurs.
Never pick just one side in penny land. They are not investments, imo.
And I am not about to sit and lose money just to be your friend on a message board. Do what you need to do. I have too many shares to be messing around with.
I have been correct telling you when to buy, then sell, then buy, then sell, then 10K, then buy .007's and then ?
The company is not your friend. Management makes $ 200,000 per year and authorizes shares whenever they feel like it to sell to market. The public funded their mistakes to the tune of 4 Billion shares.
Do not trust anyone in this game. Never give back your profit, imo.
And I was right again, it is headed back down. So what is the problem again ? Listen up next time, it can turn on a dime.
Makingbacon,
I admire your open minded attitude towards trading and other people. Stocks and news change. Always being on one side is very dangerous.
You have and will continue to do very well.
Most information can also be found in the filing and charts. Not hard. But take the time to do the homework outside of a board if you are using real money.
All of my past posts stand. We are talking about trading.
News will come.
Makingbacon gets it along with Aries and a few others.
Good Day,
Calling the 10K exact day and time over 2 months early. Yeah, that is sure a lucky guess. haha. Some people will never get it. And you cannot please them all.
Relax, it will be okay.
I told you exactly when the 10K was coming and also to buy in the .007's. How can that be so wrong ? Those that did are sitting on a nice 40% profit on 100% more shares within a few trading days. Go back and read the posts.
But always make your own decision as the board is opinion. And a board certainly does not control the trading.
VA,
It should be okay. The near term is in question and not the big picture, imo. Decide whether you are a "trader" or an "investor". News will come, just not as fast as some may wish. Natural retracement will occur without news. Expecially with 4 Billion shares. Always someone to sell. And with GG and GZFX selling shares for cash it certainly does not help the longs.
We need news before they ask for more Authorized Shares.
All I can do is adapt to any changes. This is real money and not a game. Do what you need to do.
And as always, do your own dd to make a decision.
Exactly. The point is that without news it cannot sustain the 50 plus percent pop it had. So look at the charts to see where we are headed on the retracement, imo. You will find the answer there without news.
They delayed it unexpectedly, imo.
Do what you need to do.
Depends if you are an " investor " or a " trader ".
I do not like to lose money.
Lower .009's by Friday and into next week for traders.
Longs can hold and expect news minimum a week.
Hate to see that it has been a month since news.
Do not expect another run until substantial news hits.
Just too many Outstanding shares.
Posted by: big_money_insiders
In reply to: Sentinel who wrote msg# 106285 Date:3/5/2006 12:35:16 PM
Post #of 106823
An inked deal of any capacity with Circuit City would increase the share price significantly. Then AAFES and we are well over 3 cents, imho.
But I agree, the terms of the CC deal will alter in order to maintain service. Churn needs to managed. Rolling out in a controlled environment is important for quality.
GZFX management reports directly to the CC management that failed in launching Netflix. Many lessons were learned about rolling out too quickly. The mistake will not be repeated this time around with GZFX.
Beacon,(the # of stores will be less than the 50-60 per month, BUT there will be more advertising and marketing via web versus in store display, imo.)
This is all good. Being 2nd to work with CC is perfect for GZFX. All we need is the confirmation of any type of rollout with Circuit City. My guess is that the individual store rollout is reduced and the advertising and online marketing picks up.
Hold tight. We are moving higher, imo.
Do your own homework. Never make a decision from a message board.
My opinion is that the Circuit City deal is 100% on !
Some are waiting for after noon to buy because that is when the delay happened in January. And some traders will avoid today entirely. But it can be debated that last Friday was 10 days ahead of the 15th because the 5th fell on a Sunday.
It is all good. You will be rewarded, imho.