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I think you're dead on about the fact that Fox is somehow involved with the T3000 deal. I personally think that was part of the bigger plan and why Fox even signed on with TDGI. It couldn't have only been for Twelve. Fox must have known about T3000.
And let's face it, as quickly as a cease and desist letter was put out there (and then subsequently retracted), we know that if talks for T3000 with Pacificor were over and/or had broken down, we'd have heard about it. Some may try to say that there's no way TDGI lands this film because we haven't heard anything, but that defies logic. If you follow the facts, you can reasonably infer that no news means talks are still ongoing. And if talks are ongoing, then I guess EP must have the animation rights to T3000 or there would be nothing to talk about.
Each passing day waiting for this news bodes well for those who want to see TDGI land this film.
Answer, June 17, 2010: 12,007,000 shares. Before that, April 26, 2010: 9,603,600 shares. These are rare days. They may become more commonplace as events unfold.
Closed at HOD with monster volume. Looking really good. Not much one can say about that!!!
Whoever that is can't keep it up. This buying is a fresh breeze around here...
Yeah, and we wouldn't want anyone to trade based on being informed, right? Goes against the core principles of pink sheet investing. LOL...
Think about what you just wrote. You've been on this board for months, yet you seem to not know what news we are expecting? Now, you really didn't mean to write that, did you? Read through the last few weeks of posts, there's your answer.
Each day that passes brings us closer to significant news. I'm waiting patiently for game changing news. Be on guard, it will come when least expected especially now that Eric is tight lipped.
Yeah, I've noticed we've had a huge buyer the last half hour the past few days. I believe this person has accumulated over a million shares. Interesting...
Hey, at least we closed at the high of the day:)
Did someone wake up on the wrong side of the bed today?
Nice buying over the last hour. Someone picked up 678,000 shares at .024. Definitely holding its own. Guess someone decided to drop some coin and boost their position.
Yep, that's Eric email address.
I personally think we should all take it with a grain of salt. I for one would have like to have gotten a surprise PR stating we had T3000 and watched the naysayers eat crow. Still may happen...
I tried typing that link in 3 times, and nothing comes up. So I'm going to keep my eyes open for a PR about it, but I am skeptical about any unsubstantiated email posted on a message board.
I sincerely hope this is true. Do you know what a $70 million film will do for the market cap of an $11 million company?
Only thing that is suspicious is the link in the email that was posted on the Yahoo message board turns up zero results for a discussion where an insider was giving out details. I couldn't find that anywhere, so I remain skeptical until proven otherwise. Hopefully this is true, we should be taking off soon!
We'll have to wait for the PR for complete verification, but sure looks good. I think most of us knew it would be a go anyway. Thanks for posting this!
It would be inconceivable to believe it would take 9 months if you had the total universe of knowledge of the process that a library valuation takes. But it's not inconceivable when you don't know the entire process and what it involves. Nobody here does. To place a negative judgment on the timeliness of the audit based on how long "you" think it should take is your prerogative, but not one which I share. I see both the positives and the negatives to it. I will concede that it has taken an awfully long time. I'll concede that I'm frustrated waiting for them to come out. I'll concede that Eric shot himself in the foot (and us in the process) by placing in a filing a target date of completion. But the positives are there too if you want to see them. The fact they've had a relationship with H&T for 9 months now is very telling, and you know that. It's more likely than not that the outcome of the audit will be positive rather than negative. They are undertaking this process to become transparent and eventually uplist. If a reputable CPA firm hasn't seen anything in 9 months to walk away from, that on its face debunks all the scam talk around here. We're not talking about a fly by night CPA firm doing their audit. This CPA firm would have bowed out if there were ANYTHING fishy going on with TDGI. Why would they risk their entire reputation in the industry - the very thing that keeps a CPA firm in business, for a pink sheet company like TDGI? You know the answer, they wouldn't.
Consider that the DVD market is changing. Netflix is a major presence that wasn't near what it was only a few years ago. VOD is cropping up. Cable/satellite providers now stream movies. The economy has tanked. There are all sorts of factors that come into play on valuing the library. I'm not sure how they valued their library at $16 million in the past, but it wouldn't matter as H&T would have to verify every piece of information from whatever source that valued the library historically. Throw in there the things I mentioned above, and you have a very complicated process that has got to involve H&T getting their eyes on all sorts of documents from all sorts of places that are historical which means they're probably not easy and quick to locate.
HH has never disclosed how they historically valued their library. I would like to know too. I'm sure that can be obtained if the company is willing to give up the source. But in the end, it doesn't matter. It's one of two things, both with the same result. Either HH placed an arbitrary value on their own library which H&T still would have to verify everything I mentioned before (and more) or they had their library valued from a third party and H&T still has to go through the exact same process. H&T being a reputable CPA firm will not "bless" a library valuation from anyone other than themselves or someone of their choosing. They have standards and rules and regulations that apply to them having to certify an audit. That involves a process. And let's not forget that H&T does NOT do financials for pink sheet companies generally. It's because of Fred's relationship from a prior life that allowed HH to be accepted by H&T and commence the audit. The fact that they've had a relationship with a reputable CPA firm that doesn't work with pink sheet companies for nearly 9 months now is very telling on what kind of company and leaders we're dealing with. Those are objective facts that one can look to and reasonably infer that if the relationship still exists, that bodes very well for the veracity of the company and what the outcome will be.
Not too difficult to understand that a library valuation entails verifying rights to their nearly 200 films, digging through each title specifically and seeing what it has done historically, what new agreements may impact the value of each title and coming up with a current and forward looking value to each title. That is time consuming and I'm sure involves looking at every piece of paper associated with the sale, shipping, manufacturing of each title, matching that up to the records of HH and verifying everything in between. There are also far more complex items involved in the library valuation that I don't fully understand since it's not my forte, but they exist and I'm sure are time consuming.
Sure, it sounds easy and quick as outsiders looking in. But in reality placing a true value on each individual title based on its entire history, its present and its future with many variables to each facet is time consuming. Say what you will, but I am 100% confident that the audit is being done, that it's not complete due to the complexity of it and that in due time we'll see it. No reason whatsoever to think they have something to hide. What would they stand to gain by not publishing the audited financials?
As I said, titles can and do change frequently in smaller companies. Maybe Eric is burned out and wanted to relinquish to Fred that title for him to assume those duties for a while. Maybe it's a typo. Who knows. But this company is Eric's baby. It always has been and always will be. I really wouldn't put much stock into the transposition of titles.
As a for instance, I sometimes am the secretary and treasurer of my company. I've been CFO before. And CIO. None of it really matters in a small company if roles are defined between the principals. I've also been Vice President too.
But to allay your concerns, why don't you shoot Fred an email and see what he has to say. You never know, he may answer. I would leave Eric alone at this point. He obviously does not want to keep communicating as he has in the past. I for one am grateful that's the case.
I think your concern here is compounded by the other concerns you have too and are snowballing for you. It's not easy watching your investment go down. That sets a negative mindset. Compound that with the constant rehashing of TDGI's failures, and it really starts to wear you down. It's kind of like when you were a child and you heard an unexplained noise at night. Next thing you know, your mind starts playing tricks on you and you think you keep hearing more suspicious noises and got yourself all worked up and had to go into mom and dad's room. Same thing is happening here with your investment.
We all are feeling the strain of the PPS here lately. That's the nature of the market. It's a great time to redo your DD and either reassure yourself on the merits of TDGI or make your decision to unwind. I wish you the best my friend.
Your question is a valid one. Let me weigh in on your post. First, you can and do have a CEO and president in smaller companies. I know, I own a business and am CEO but not the president. Not really formal with titles unless you need to have a bigger corporate structure. I don't think anything can and should be read into Fred's title. Titles get thrown around loosely in smaller companies from my experience.
Second, the question behind the question. I saw an email not long after the Pacificor/T3000 issue that Eric's mantra became "loose lips sink ships" That telegraphed to me the start of Eric clamming up. And that couldn't have happened any sooner in my opinion. He's let a lot of info go via emails and such, and it's often come back to bite him. I sense he's very frustrated at the constant shareholder questions and pestering. Couple that with a tough couple of months for TDGI at the box office as well as the whole fiasco of learning about the guy at Phoenix's arrest record, and I think rightly so he's gone incommunicado to regroup, refocus and execute. He's on a huge learning curve over the last several months. That guy has gone at a break-neck pace to get HH where it is today. He seems to be in LA and NY a lot. He's based in Arkansas. Lots of traveling, lots of meetings. The audit has been rolling now for nearly 9 months. He answers phones, placed two movies in theaters, got the P&A organized for the films and is constantly working to make deals. That's what I call a busy man.
So to sum it up, he's a human being who in my opinion has hit the ropes with investor contact. I know for a fact he's clamming up on any and all speculative deals going forward based on emails. I don't think he's "out" to answer your question behind the question. I think it's quite the contrary. He's regrouping, and I'm betting he'll be back with Eric version 2.0...
Anchor Bay is a Liberty Media backed company. Deep pockets there. Looks like they're helping to fill the same void HH is going after. Hard to compete with John Malone backed entities. But I like from that article that they had a few nice scores at the box office. Something I'd like to see HH do in time. But the key was this sentence:
Welcome to the board, Dreadlock. Some nice observations you have of the situation going on here with TDGI. We've collectively endured for the past several months with impatient sellers allowing many of us to accumulate decent positions. Most here are confident that TDGI has yet to realize its true value. In good time, our patience will be rewarded.
Enjoy your post, keep 'em comin...
Seems like I've had this discussion before. Guess the only people who understand how long it takes for an audit to occur are those that have gone or are going through one. Mine still isn't fully complete yet...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51886656
Agreed, but we still would have had throngs of folks clamoring for the audited financials - as we should. Don't get me wrong, I'm in the same camp with everyone that wants to see these audited numbers. But it's a rock and a hard place for everyone right now. The PPS is at the low end of its trading channel. People have grown weary waiting for the substantiation. But there's the prospect of the value being established at multiples higher than where we are today. My reasoning is I'm willing to give the company some more time. I've waited about 9 months, what's another couple of weeks. My luck is I've always sold out of stocks too soon to only have them shoot up immediately after I sell. I won't let this happen to me here. I believe that this thing is going to be turned around in a big way, otherwise why would I be here?
Issue already cleared up. That was from the filings where they reserved 10 million shares for management compensation. They only had reserved 1.3 million shares for something, but whatever they were working on fell though and they didn't need them and returned the certificates. Someone at the company has to contact the TA to get them to update the number, just as they did with the AS. Remember the AS reduction showed up first on the Wyoming SOS website and wasn't reflected on the TA's numbers for several weeks, if not a month or two, before shareholders hounded Eric and Fred to call the TA and get that number updated.
If you're concerned about it - as you should be, you need to email Eric or Fred and ask them what the deal is and hound them to get the TA to update the numbers.
Notice the ask isn't coming down nice and tight to the bid. Very telling. Anywhere sub .025 is a good buy IMO.
Would not you and countless others still be asking for the audited financials even if Twelve and RD were huge hits? Look, there's always something you can find wrong with anything. That's life. We can either focus on the negatives and obsess about them or take the full picture and incorporate the good with the bad here. Every reader here knows this company has had its share of recent failures. The whole picture is not even near as bad as some paint it. It's also not as rosy as others want to paint it. Fact is TDGI does still have a lot going for it despite its recent failures. That's why we're trading at the very bottom of our channel. There's still support here. You simply can't count this company out at this point.
I expect the PPS of TDGI to be significantly higher in early 2011. That's my timeline. If it happens before then, that's great and I'll be very happy. If not, well, I'm willing to wait this one out as there's HUGE potential here.
And this has already been said many times, the failures are all priced in. There is ZERO premium priced into TDGI's share price today. Zero, zip, zilch, nada. All the failures have been priced into this stock which is why we're trading in the $11 million market cap range. No way - and I mean NO way - their legacy library isn't worth more than that.
Of course the financials aren't telling the whole story, they're not the audited financials. They won't tell the whole story by definition.
Agreed we need those audited financials. I personally don't think the 200 million shares is as big of a deal as you're making it. It wasn't a nefarious plot to front fund buddies, it was to pay off corporate debt and fund the company's coffers when they reverse merged. Nothing more, nothing less. To say otherwise is complete conjecture without any proof. The proof I have that this isn't some front loading scam is that TDGI has not diluted since they reverse merged and issued the 200 million shares. That was a known fact when most, if not all, invested here.
You also claim you believe that HH may have been the problem when they were tied up with EFGU. Again, doesn't comport with the facts. Eric couldn't get funding for films under EFGU, plain and simple. He's gotten funding for films with TDGI and seems to be continuing to get funding - all without any additional dilution beyond the original and only dilution that occurred here in December of 2009.
It's a simple rehashing of relevant information for the many readers that come through here. Speckulater's fact-based posts are a welcome addition around here. Don't forget that many new eyes run through boards every day. Don't you want new people to read facts about TDGI?
Great post. Cutting through all the banter on the board, I think you've nailed what the reality here is with Eric and TDGI.
To me it's just a minor setback that the target date came and went. I've waited 9 months, what's another wait? There's lots of value and prospect here for sure.
Thanks for clearing that up. I didn't know the private investment had been referred to as the Stock Purchase Option Agreement. Still learning new things after 9 months. So they have 1.01 million still available to them which puts to rest any of the recent chatter about TDGI not having any money.
Ah, so you finally concede that TDGI is profitable?
It is noteworthy, but really well below an area that one should worry about. If we take their liabilities at face value on the filing, then we need to take their assets at face value in the filings. If we do that, their liabilities only account for just under 10% of the company's value. Not bad in today's economy, no?
You're right, cash on hand isn't 100% indicative of a company's financial strength or weakness. But what I'm curious about is the Stock Purchase Option Agreement. I haven't seen that yet.
Anyone know what this means from the filing?
That's a good question, one I don't know the answer to. Best I can figure is they were busy over the past 3 months working the theatrical release side of the business that didn't pan out so well. We know they have DVD/VOD agreements in place, and with the new additions of films this year that number should be skyrocketing.
Market cap is ONLY $12.4 million as of close today. I've been saying for a while now that we're 50% below book value from what the 2008-2009 numbers will show, not even factoring in what the new acquisitions in 2010 add to that.
Agreed. A company can't recklessly throw numbers out there while an ongoing audit is occurring. Makes logical sense what you say.
New line item in filing.
Anyone notice the new line item in the filing for "Other Income (Expense)/ Intl. Sales: $72,180?
I believe the INTL. stands for international sales. Is this from the worldwide pact they announced recently?