Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Soros also holds his warrants. he sold a nice chunk, 8% of O/S if i remember correctly, for a loss, and people were wondering WTF? many jumped out and followed soros for a loss as well. the kicker is it was later discovered that soros shares were picked up by another insider in Mgmt.
IMO, it was a barely legal quid pro quo deal. i've been holding since last sept. and GSL is picking up slowly but surely. last 10Q showed a return to profitability, but no major spikes there. the next 10Q oughta do the trick...
malc
Did you have the chance to ask him about the factory?
malc.
Thats exactly what i said the other nite. my current DD had it at 112.2M O/S. Thanks for the affirmation, you never know when you are DDing these pinks!
and penny is on the case about seeing when we can perhaps get the books ready to uplist to the BB for a start... then again that costs extra money, which may be an issue at this time.
The financials i read are actually pretty straight up for a pink, so personally i dont think its an issue of house books, just the capital for an uplisting.
malc
mojo - PM or post that email address you used to get in touch with eric. i want to hit him myself and see what we can do about getting that local coverage if its not already in the works.
thanks, malc
I've posted this before, but its worth another post IMO.
I live in arkansas and im a local business owner. found out about TDGI from arkansasbusiness.com - a small publication, but good. i actually read the last 6 issues waiting in the accountants office today...
being a small state, everyone is proud of being Arkansan and of our businesses. TDGI, to this day, is relatively unknown here. after the PR release which announces the films we've bought i would not be surprised at all to see this covered in the state paper, ark democrat gazette, or the local news, even better.
they love to cover up and coming ventures here in the state, and TDGI is prime to get some of that coverage. when such local news appears, one wouldnt believe what it does to the PPS from new local buyers only. i have seen this happen time and time again with AERT - when they get a positive spot on the news or in the dem-gazettes business section the PPS explodes the next day.
and if the PR comes and we get no local coverage, well, im going to have to see what i can do about that personally.
Long and very Strong TDGI!
malc stone.
The CFO quit out of the blue. fueled speculation about the nature of XODG late filing.
I'm in @ .019 Figured i better get a little of that block while its still there. No telling where this PPS will go from here...
malc
Me too! now come up off of our shares already!
Two words. Cult Classic.
Thanks for the invite. Lemme get a few shares first, eh?
I'm sensing that you might need some help picking the PR guys brain. thats assuming they have one, i havent even been to the website yet, too busy trying trying to check out all the sausage before i start slicing the cheese, if you know what i mean...
malc
Have you crunched any #'s from the info you have available? pinks are notorious for showing up differently in different sources for some reason... lol... thats why they are pinks! but what i've read today seems legit. im wondering if our numbers match up...
do you have any info regarding the production facility? Is it owned or leased? if owned, is it financed privately off books? I'm having trouble putting all these pieces together. The assests, as well as the debts, should be much much higher IMO.
I have a current O/S of 112M. Is that the figure you're working with as well?
I'm picking your brain here because you seem to be the most knowledgeable about WPUR. Don't let us down Mr. Moderator!
stone
Ok. 600K in revenue is good enough. 1Q 2010 (end sept. 09) reported 16K in revs. hows that for growth?
going over past reports (at least this pink is putting them out)i'm seeing a rough est. of 70% cost of production, or a 30% profit on revs. this is a brand new op, so margins could easily increase as they get the wheels greased up.
600K x .3 = 180K profit. Avg. Mgmt costs per Q - 140K.
So it seems possible that this deal alone could zero out the whole next Q. If they get additional sales they could easily be EPS+ next Q, which would be impressive for basically a start up.
i'm only seeing 2M debt and under 1M in assets. how is this possible? i assume that they must not own, but lease the current production facility. Hard to imagine any production facility and equipment not being worth at least 1M... anyone with any insight into this?
looking good good on 1st dig. might be at it for the remainder of the night. now to reward all this DD, pleez no one blow up the PPS until i can get myself a few of these cheepies..
malc stone.
thank you penny. i cant make the call for you but im sure someone will.
do you know how much the units sell for that are in that purchase agreement? i'm trying to crunch some numbers and catch up here quik.
malc
New to this stock, doing some DD on it this weekend. On initial glance, its hard not to like what i'm seeing. Does anyone know if Mgmt is planning on getting their books together so they can get off the pinks?
thanks, malc
Saints on the moneyline! TDGI and over!
saint it the truth.. i wouldnt be surprised if they also got hemsdale too...
malc
That's one of the earliest, and worst reviews thus far. No big deal to me for various reasons that have been discussed in great detail earlier.
Lately ive been thinking it might be a blessing in disguise that its getting lambasted by the critics. i know i dont ever want to drink any beer with, let alone watch a movie with, any critic. and they are expendible if you think about what they like and what makes money. big, big difference.
the general public is generally low brow and the critics are low brow when it comes to making money, thats why they're critics. all the reviews i've read are saying "why is this film even at sundance in the first place?" duh. someone is giving props and exposure and thats what we got coming by purchasing this film.
personally, i wouldnt mind if its SO bad that its good, if you know what i mean. those are me and the wifes late nite favorites...
malc.
CFQCF/CFQWF question for the board. does anyone remember if there is a PPS requirement for CFQCF to hit before the warrants are convertible? I know they are valid until may 2012 but i cant remember if they may be exercized anytime after the official merger or if a PPS of X must be booked for say 20 of 30 days and the like...
thanks in advance, malc
I agree with mojo completely. what critics say has little bearing upon how the general public will react. Even if twelve sucks as bad as the critics say, the names will pull in the $$$ from the target audience.
I'm of the opinion with mojo that getting those books in order should be priority #1. say bye bye to the pinks and say bye bye to the PPS IMO.
malc
Any PR in conjunction with the opening of Twelve last nite? I know many here were expecting one.. just waking up here... going to search it out now.
malc
Agree completely with that pennyflipper. I take that to mean that those were just half your blocks on the auction lately... lol
malc
People new to this stock, including myself and im from arkansas, have to realize that the large volume is from folks like us buying up the initial investors shares who had this in the shell stage.
when i see the massive volume and not much exposure yet, i agree, the only thing that makes sense to me is that some shell stage investors are taking some very nice profits on this current PPS - and this also would explain the large blocks on the sell side only coming up these last 3 days.
I know one thing for sure, no one around here is putting up those chunks at those prices, and i probably snagged more than i should have - personally i havent been impressed with an emerging venture with a solid business plan and execution thusfar as this..
i'm 3x overweight.
OT: Geaux Saints. This is your year too. Laissez le bon temps rouler! whether thats good french or not!
If no kind of official PR comes out this weekend, and i dont expect it, it will still be interesting to read the blogs about Twelve that will be hitting the net shortly after the first screening.
I agree that it wont break them even if it isnt that good.
The current BV i asses TDGI of .095 (dilution considered) is from the revenues on the basically B grade, kids, and otherwise crappy library they already own. their documentaries are good, thats about it thusfar...
the movies semi-announced already are signaling a major change in strategy to move Hannover into the big leagues. Wild Hunt has the looks of a cult classic all over it IMO.
malc.
Go back to yesterdays posts and watch the trailer from Wild Hunt. Thanx to whoever posted that.
I made my wife watch it and she started cringing in the first 10 seconds saying, " ahh, is this the company you're all excited about.. this shit sucks" and then no sooner had she said it when she started laughing her ass off - realizing it a spoof on SGA'ers and a potential B movie cult classic type.
I think mgmt has done better than even they imagined thus far with everything and I'm so looking forward to the PR either sat. or more likely mon. morning.
malc
I'm hitting that .028 one more time here.
I'm going officially OVERWEIGHT here.
malc
I believe that is correct Etrnaly. they did say they were going to give a preview, but the real deal is what will move the market in expectation of uplist.
I'm super impressed with the tenacity of Mgmt so far. I therefore have no reason to doubt that they are also dead serious about the uplisting, and when that occurs sparks will fly...
malc
Just a list of films acquired would do the trick for me. I didnt expect any PR until the weekend at earliest, likely monday. this may be the last chance to get any sub .03's
Twelve doesnt even screen until tonite, so to have a formal announcement before that would be missing an opportunity. Just wait until everyone is screaming (hopefully) what a hit it is and then Hannover steps up and says "oh yeah, guess what WE bought... and oh yeah by the way we ALSO got wild hunt, the Poe movie and hopefully some others no one has heard of yet...
That's how you do a PR...
Dont hold your breath on audited financials being reported, i think mid feb. is when they expect to have all the paperwork in order, and then to hopefully uplist in march.
malc
Turtle - I'm not sure about the 170K you mention being added to the float? what difference would 170K make? are you alluding to rumors of 170M being added to the O/S???
From my understanding, once the Hannover shares are issued the O/S will be locked down for awhile. Like i posted yesterday, mgmt has secured additional funding but it is supposed to be non-dilutive in nature. of course, any portion of debt not repaid par agreement could possibly be exchanged for further issuance of stock. It happens all the time when small companies run out of cash, but so far mgmt has been straight up with everyone and I dont think its in their best interests either to allow further unnecssary dilution.
regarding what Hannover will do with their shares? - well, whatever the hell they like i suppose, i cant see why they should be restricted and i cant see why they would want to sell them either. kinda defeats the purpose of the merger. if Hannover mgmt just wanted out of the biz they would have just sold the whole rights to the library to the highest bidder. that they agreed to a swap for stock shows they also have faith in TDGI.
malc
The only thing i was really wondering about was if they got the rights to Wild Hunt as well.
Did i miss someone announcing that they got this one as well? from the trailer it looks like a cult classic to be in years to come and funny as hell right now. a spoof on the SGA, i'm taking it to be...
malc.
Do we really have rights to Wild Hunt as well?
On top of Twelve?
I'm guessing these are both just rumors and deals will be announced via PR likely on monday.
malc.
I believe the accurate number of shares O/S will be 469M, not 450M after Hannover House mgmt is issued their shares par agreement. No big deal there. As far as i have read and understand, the side financing secured is of a non-dilutive nature - although we do not know the full details (i.e. APR) of these side deals. perhaps it includes the option to issue shares instead of repayments owed, but thats a minor side issue IMO.
the point was to bring as much cash on hand as possible to the sundance festival to have leverage and get things done, which they have, and may yet add another one with approx. 2M left to wheel and deal with IMO.
TDGI is swinging for the fences at sundance and we are swinging for the fences as well if you are a buyer of this stock. personally, i sold off some very good positions this week to load up here being convicted that the risk/reward here is much greater.
Mgmt is of the opinion that they can increase the market cap from around 10M to 500M in a couple of years. pipe dreaming? yes, one would be inclined to think if it were not for the fact that they are actively pursuing this goal single mindedly at this current moment, and have achieved a tremendous of success thus far in the M&A smootheness of dec. 2009, and the implementation of everything they have said they would do to this point.
It doesnt look anything like a typical pink, with hype and pump and dump, BS PR's with no substance behind them - all that good stuff. my money is here and i'm not going anywhere...
malc.
p.s. if anyone doubts the potential of a good pink with conviction please look up SIAF (a darling of the ESCS board) and then tell me that its not possible.
TDGI. this is for real people. tmmrw will be a day as the news spreads that Hannover House secured the rights to the film "twelve", the featured closer at sundance film fest. tmmrw night. Its even trading up in AH. how nice is that in a penny stock. for more info visit the IH board. chalk full of the pertinent info.
I'm locked and loaded overweight for 2010.
malc
I wouldnt be surprised if TDGI was being shorted - not wise IMO, but i've seen tons of penny stocks being shorted lately. it happens more than you think.
I understand the enthusiasm about the CPRK party, kinda, but has ANYONE heard any news on the LTF situation? Without LTF in the very NEAR future, the CPRK party may be a giant summer bonfire with everyone throwing in their gazillion shares.
I'm not bashing at all. I'm holding long at 70% losses like most every other long here. But in all honesty i cant see all the excitement about a party when CPRK will be BK by then without some serious financial support and restructuring of mgmt.
Can someone in the know post something along these lines regarding bridge and LTF so I dont have to sift thru all this hoorah just trying to find the pertinent info? thank you longs, you have done a great job of keeping us abreast of the situation thus far, good and bad. Let's get some meat on the table - and it seems that IHub admin is getting pissed about all this OT stuff also.
malc.
I'm in everybody. Thanks for all the DD!
malc
srry scott. forgot your other Q. from my DD is was not clear how much debt was retired for those shares, and this is a Q to be resolved for sure. I think i even saw some debt financing ( a remaining portion ) to be resolved by payments instead of further dilution.
I'm always looking for the chink in the armor - the reason NOT to buy before i buy. so far i havent found it, but perhaps something is lurking beneath all these numbers that we havent be able to find yet... esp. with a pink.
malc
My initial valuation is the approx. BV. The DD in the Ibox is great no doubt, but i dont think the dilution was taken into account when they put the BV at .13
Either way, its still a screaming buy IMO at this level, and i'm glad to have found you guys.
My P/E calculations diluted just happened to also be saying that .10 is the fair price, right now, at this current moment.
Anything above that is an added bonus and is completely possible over the course of the next year should the uplisting happen. Mgmt has stated many times that they are on it and at this point i dont think anyone here has a reason to doubt them, i'll give them the benefit of the doubt until they prove otherwise... so far its been a stand up bunch and a great merger for all parties concerned. its def. in their best interest to uplist also with all of the shares issued.
Mgmt said uplisting to the BB or "beyond", which i took to mean perhaps thinking about a move to nasdaq, which would require a R/S at some point to get the PPS above the minimum $1. This would not be a bad move either, but wouldnt happen until at least 3Q 2010, and the move to the BB in early march is actually the only key thing to be looking for IMO.
thanks to all here for the great DD and enthusiasm..
malc
Scott - Yours is the voice of reason. The full dilution has to be taken into account when considering any fair price valuation.
In all fairness, TDGI may only realize an EPS of .01 for all of 2010. Of course they are cash flush at the moment, actively pursuing quality titles to release, and also pursuing further independent studio acquistions. All of this could lead to much higher earnings, but with the massive 450M fully diluted O/S it would be a real stretch to earn .02 in 2010.
With a successful uplisting and a fair 10x P/E ratio, earnings of .02 would fairly translate into a PPS of .20
That, IMO, is about the MAX price, period. a PPS of .10 is my target price, and after they hit that i will either cash some out or hold even longer - Much remains to be seen, and will be seen this year, regarding whether they deserve to be held past .10 or not.
malc
scott - that was also my impression after yesterdays DD. some folks here have crazy high expectations about what a fairly valued PPS should be, or how this stock could run to $1 in the year.
I'm buying anyway tmmrw morning if i can still get in around .03
Considering the dilution that is coming a fair price IMO for 2010 is around .10
A 3x gain in a year is nothing to sneeze at. Of course with some nice earnings above the expected 17M it could do much better. and also dont forget the power of market sentiment should TDGI start getting increased exposure and volume revolving around those massive PR's that this board expects to see. but remember PR's can also turn around and bite the PPS in the ass if the market smells overhype and pumping.
All in all, i feel thats its safe to return at least 2x as long as all goes well. of course with the freshness of the merger nothing is proven yet. if i were in the mgmt my priority #1 would be getting off the pinks and onto the BB and that, IMO, will drive this PPS upward more than any other factor.
malc