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Perfect example of what I'm talking about....
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Where is their audience? These numbers should be in the tens of thousands. Honestly, these numbers are embarrassing and prove they have zero visibility to the street.
Well, it's nice that RedChip has finally decided to get off their ass and do something because up until now they have done virtually nothing.
Normally, when a marketing campaign starts we'll see a spike in volume trading activity. That has not happened yet.
As for "skin in the game" I highly doubt it. People that have skin in the game have a self-serving interest in the success of the company. RedChip has done basically nothing over the last 6 months which tells me they've just been collecting a paycheck.
It doesn't matter how many successes they have on their webpage because they are in a "what have you done for me lately" business where you're only as good as your last deal.
Technically, they are required but met the requirement once the S1 was deemed "effective" by the SEC.
On a positive note, the damage is done and we haven't seen a lick of dilution in over 4 months. All we need is some fresh faces and new blood to find out about this company and it will take off with it's paltry 80 million share float at this level.
RedChip failed to deliver. It's time for a change to get this party started.... again!
The shares were filed under the S1 registration statement. That is what is required in order to lift the restrictive legend off of the securities involved in the offering. Unless the investors are Officers, Directors, direct employees or own more than 9.99% of the shares outstanding making them a control block person, there is nothing additional that needs to be filed by the investors in order for them to sell their shares.
Once an S1 registration statement goes effective by the SEC the participants can sell their shares. I believe the S1 went effective within 30 days of their filing. Hence, all the selling we saw after the S1 receive its effective status.
Unlike the S8 which was issued to Officers and employees under an ESOP which requires them to file individually when they want to sell shares.
Bloomberg was a giant flop, the investor conferences have been a flop, and the multimedia content has been a flop, so far.
I think the company has given them a couple of solid press releases that they could have used as a platform to build some positive momentum but they failed to deliver anything.
As for the S1 investors, they are long gone. Whoever brought them to the table should be shot. Thankfully, the dilution has stopped. Unfortunately, RedChip hasn't taken advantage of the ability to bring in buying with no dilution.
We both like the prospects of this company over the long term, so we'll have to agree to disagree about RedChips lack of performance.
I think the price and trading activity since they were hired speaks volumes.
I normally equate exposure with volume trading activity. No one could possibly look at when RedChip was brought on and say they have done a good job with the marketing of this company.
While I'm hesitant to hold them responsible for the share price, which is down over 60%, I do hold them accountable for the serious lack of volume we've experience since they were brought on.
RedChip seems to talk a big game but actions speak louder than words. The fact that they finally got around to doing a marketing piece on the company that has only garnished a little over 3,000 views in almost 3 weeks speaks volumes as to how little the street pays attention to what they produce.
Also, if I remember correctly, the last shareholder conference they hosted only had about 25 people in attendance. Discount the already existing shareholders and you have them bringing no new potential investors to the table.
0 + 0 = 0 which is pretty much reflective of their results so far.
Yeah, going to subpenny with an 80 million share float, no dilution in the last 3 months, zero convertible debt, and $2 million cash in the bank.
Who would take an opinion like that seriously when no apparent due diligence was done?
Sure, just like the market in general but everyone knows the real money is made by investing when things look at their worst.
Factually, the bottom is limited to zero, but the upside is limited to no number.
Anyone but the current one they're using now. Based on RedChips performance they couldn't possibly hire someone that would do a worse job.
Remember.... Every dog has it's day. I've always said, "bet on management."
Yea, the market sucks, but as long as the company continues to build it's metaverse presence and player community, when the market finally turns around, we will be the benefactor.
Now, if we could actually have an IR company that knows how to market to the OTC, we would be making progress.
The S-8 was filed to appropriately register the shares in the ESOP.
I don't think you'll see a single person file a required 12G to sell their shares at the moment.
I've seen nothing from RedChip in the form of actual marketing unless you consider marketing to their microscopic following their version of marketing to the street.
And with that, I find it insulting that they pitch other public companies to GMER shareholders. You would think that with the stock down over 50% and the volume shriveled up since they were brought on, they would have some sense of urgency, but it seems they are content on taking a free monthly paycheck from the company.
Transfer agents elect whether they want to be bothered with pesky questions from alleged shareholders. Not the company. They update the company's share position every month and probably do not feel the need to answer questions.
The company can't simply sell shares into the open market without disclosing it to the public through a series of Form 4 and 12-G filings.
Let's not pretend to understand SEC rules and regulations when it's obvious that opinions fall short of the facts.
We don't need to confuse shareholders because some of us like to pretend we know what we're talking about.
This company is sitting with over $2 million cash in the bank and doesn't need to sell shares.
You need to ask the brilliant guys at RedChip. They probably want to look like they're doing something because it's obvious that marketing OTC stocks is not their thing.
The S-8 was just to register the shares for their employee stock option plan (ESOP) which has previously been disclosed.
Probably because not much has happened to report between the last investor call and today.
No reason to update shareholders until there is something significant to update them with.
It's not a Ponzi scheme. The company fully reports their financials with Q's and K's. They just took money from scum who are no friends to shareholders. Hopefully, they have learned their lesson and will stop with these types of dilutive financings in the future.
Certainly, they couldn't pick a better time to be in the trucking business.
That's a joke right?
Company is run by serial scammers. Every single person has skeletons in their closet and a consistent pattern of failures.
Management paid themselves over $750,000 between 4 people in the first six months without the product hitting a single retail shelf.
100% of sales were by shareholders when the stock was being manipulated. No telling what sales are now because they refuse to make their numbers public.
Saying it was voted best product over Smart Water is a perfect example of taking something out of context to make it look like it's something that is not. That award was given by a consumer vote not by industry experts. Anyone seriously think Coca-Cola cared to advertise to their consumers to vote for this stupid award that no one knows about?
My likes and dislikes are based solely on performance. They came in with great accolades only to have have the price drop 50% with little to no volume.
How would you rate their performance?
I think he's too brain dead to know.
No, please fill us in so we know what's going on, what we can expect, and what we should be looking forward to.
Unless stupidity is a defense, I can't imagine what this moron Alexander is going to say as to why he never did what he promised.
Imagine an oil & gas company burning investors with everything going on in this market right now.
Ummm.... This was a month ago. Where is the legal action? I have lots of questions that I would love Alexander to answer in a deposition or under oath.
However, this guy promising legal action for us shareholders with no follow through is just like the promises that Alexander made but never kept.
Yes, but we can't be fooled by the level 2. All too many times I've seen similar level 2's until the volume comes in which brings on sellers looking for liquidity.
What we need is to go back to the days of constant trading activity of $1, 2, 3 million worth of stock a day. Something that RedChip has zero clue on how to do in the OTC Market from what I've seen. If we can do that, along with some positive news, then there will be new eyes and most certainly more buys than sells at this level, which should drive the price of the stock up.
JMHO
Honestly, if they were smart, they would hold off on another investor call until they have disclosed pertinent news or milestones. I personally haven't seen anything exciting since their last investor call. If handholding needs to be done it should be done by RedChip not by the company with another investor call that has nothing exciting to report.
IMHO
Actually, last May the stock was trading at a low of .017 cents. Feel free in telling us about all the great OTC performers in this current market because I'm tired of seeing all the red in my market minder.
Stocks go up, stocks go down and no one should minimize the reality that investing in the OTC comes with great risk. At least we have solid competent management and regardless of their success or failure our investment is a legitimate risk instead of an outright scam that I think we have all experienced.
I have faith that management will be broadening their horizons and adding additional revenue streams by expanding the brand into the metaverse.
Again, anyone looking at the models of Crypto kitties or Axie Infinity knows that neither game was an overnight success.
Why wouldn't David Dorwart want to reveal the financial statements of ViaOne as a public company? They will probably do in excess of $200 million in revenues this year and show stay growth in all economic conditions.
Please share with us the expertise that has determined that a Senior VP with Sony Entertainment for 16 yrs, who speerheaded the many successes of Playstation, it's games, and community is in over his head with Good Gaming.
Watch people, we won't get a response!
What's your definition of "keeps going down" and over what time frame are we talking about?
If GMER has been going down every week for the last year or two how did it go from .0175 to .75 cents over 3 months this time last year?
This is a perfect example of why people should be leary of what they read on message boards. Being manipulated with false information is very easy to do.
Why would this company want to leave the gaming sector? It's a billion dollar industry. It took the stock to .75 cents and will eventually do it again.
I heard this is a Joe Pavlik deal. Buyer beware, his deals are always pump and dump scams. One look at his last two deals LTNC and NUUU show what a loser he is.
Always the signs of smart management.
I find it funny how people with zero experience in running a public company, much less, it's $200 million parent, seem to know what they should be doing!
You want to go out on a limb and say David Sterling the new COO is over his head?
16 years as VP of Sony Entertainment makers of the Sony Playstation and all the monster hits they've had over the last decade says.... Wrong!
Wow... That's quite the imagination. Too bad it doesn't resemble anything near the truth.
Amazing how shit can be made up out of thin air as if anyone with an imagination actually knew what they're talking about.
Pretty sure scam companies don't increase their liability and transparency to the SEC by becoming a fully reporting QB company. Duh!
Then you obviously never read their last 10-K
Gee, that sounds like manipulation to me to.
Obviously not....
Why waste time with due diligence and facts when it's easier to make stuff up and still sound like you know what you're talking about?
Yeah, because things rarely happen overnight.
Fact: Axie Infinity waffled around for almost 2 1/2 years before it caught on and became billion dollar business.
Fact: Crypto Kitties was basically unheard of their first 3 years in business well before Dapper Labs became a billion dollar corporation.
Always be careful of those who pretend to know anything without doing an ounce of due diligence.
That's 69 shareholders of record, which means they hold certificates in their name. That does not include shareholders like myself, who hold their shares in street name at a brokerage firm. Duh!
This company has several hundred shareholders when you take that into the equation.