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Gilbert I'm sorry to take this out on you, but you unluckily won. Every single board for every single stock at every single quarter has this retarded debate about when financials are due. It's possibly the most irritating thing in the world to me. Everybody take 5 seconds and google "SEC Filing Deadlines" then look at the standard calendar on the merrill page. The information is RIGHT THERE. The fact that this becomes an argument in some cases BLOWS. MY. MIND.
Sorry - but I had to get that out. Yes the 20th is 5 days after the 15th. Unfortunately for that math, the 10-Q was due on the 14th. Never in the history of the SEC has a filing deadline been on a weekend.
It's all right there to read. Google it people.
Hopefully it proves incorrect by today. The filing deadline to remain current is 10pm today. I really hope he doesn't start missing filing deadlines
It actually doesn't even require that. It just requires Google. Every single stock at every single quarter has this debate on the board.
It. Blows. My. Mind.
It was due Friday - the extension gives them until tomorrow. Just look up sec filing schedule under normal calendar
Right on time...
He usually files the NT 10-Q around noon. So we'll see that today or Monday and then 10Q on Wednesday. Or, perhaps a real surprise and we just get the 10Q on time...
Totally agree
In all fairness, I probably wouldn't reply either. Everyone likes to point out that, "as shareholders it's his responsibility..." Bet seriously, the guy is trying to run the company. I own Cisco and Microsoft stock as well. Chambers and Nadella haven't emailed me yet. Chris is stuck in the catch 22 of small companies where it's too expensive to hire a PR firm but too time consuming to do IR himself.
Q - yes that's definitely true. The verbiage has always been "visitor" to my knowledge. I think the typical metric for counting a new visitor is around 30 minutes of that ip address being inactive. Someone else might know better, but my understanding is:
1 Person
- Visits at 6 am and 6 pm every day for 5 days and views 2 pages
Weekly count:
Visitor - 10
Unique visitor - 1
Page Views - 20
I've emailed them very simple questions just to see if I'd get a reply, and I never have received one. I just use the generic info@gander.tv
My first email a long time ago was asking who their transfer agent was - no reply
My most recent email was asking if the paid shows would be in HD (also tried a FB message for this one) - no reply
I'm glad they're responding to you - but receiving a reply seems to be 50/50
Without an alternative "ranking" site for comparison, I think it's a fair question. There's no reason to be hated on for posting real concerns. Very different from bashing. Everybody here wants to protect their money.
That said, I also doubt Chris would lie in PRs. But without a lot of info about whats actually going on right now, there's tons of down time to ponder. I'm interested to see if he releases an earnings PR prior to fins like he did in the past.
I would be more relaxed if the reported traffic matched the Alexa rank. We all know Alexa shows estimated rank based off some metric but not visitors... Look at quantcast.com - they have imbedded trackers for the reported sites and their traffic data is directly measured, independently verified, and not an estimate. Basically, their traffic data is correct. Here are some sites that report the last known number of hits/month of Gander.tv per Chris in his radio interview of 16M+
nytimes.com - 15.1M Visitors/month
Alexa Rank Global #108, US #29
att.com - 15.2M Visitors/month
Alexa Rank Global #364, US #71
photobucket.com - 15.8M
Alexa Rank Global #289, US #223
And then we have gander.tv with the same traffic numbers ranked at 328,000 globally.
If someone can explain that, I'll relax. Otherwise, it's fair to be on point. And I realize that alexa is using a lot more metrics than traffic to rank websites, but the disparity is shockingly large. If I ran a full statistical analysis, I'd image the standard deviation to be roughly +- 5000 in global rank for given traffic. That puts us WELL outside of the curve. Doesn't add up.
It doesn't make sense to pull your main revenue stream just to add tabs/content to your site... You do that with an offline beta site. I'm getting a little nervous here for the first time since I bought in two years ago. I've also been looking at sites that pull in 16M visitors a month and that would put us ahead of Instagram. It just doesn't add up for me - I hope they say something soon
Where'd all the ads on the main page go? I'm using safari and you can see the page margins where the ads used to be, but no more ads... Anyone else see this?
Anyone else notice the production hub interview with Chris is no longer on the news page? A lot of odd things going on lately...
Because I believe it'll continue to grow and possibly address all of those issues - duh... That's a ridiculous question. Every single company in the pinks is "so negative" - otherwise they wouldn't be on the pink sheets.
The dude asked why the price is where it is - I answered him. You can look at my past posts; I've been here about 2 years now. I'm pretty sure you'll see I've never put up sensational comments. They aren't useful to anyone.
I mean there's several things that aren't right... It's laid out pretty well in the financials and out for viewing on the website. According to the financials, we aren't finished diluting yet - capitol is still needed and Carey, at the last quarter anyway, wasn't expecting to break even yet. I think it's safe to assume he hasn't. Let's get real - breaking even on an internet based company is insanely hard. Look at Am-zon. So problem 1 - dilution.
Problem 2 - also in the financials - we're losing more money every quarter. 1 Billion in sales isn't good if it cost 2 billion. They need to reverse that trend sometime soon if we want the bad debt to go away.
Problem 3 - The website has a lot of broken links and generally the poorest video/audio quality I've seen since dial up. I don't even know HOW you buy equipment that films that poorly anymore. If your business model is to allow people to watch audio and visual based performances, your medium to provide that service better be good quality. Theirs sucks. We all know that too. It needs to change immediately. The market in this country for SD TV barely exists - same goes for gander.
Problem 4 - No one knows how many shares there are. Kind of hard to value a company without knowing the share structure. Carey gagged the TA - so the only time we'll find out how many shares are being dumped is at the end of the quarter.
Problem 5 - From a purely valuation standpoint and assuming 0 dilution since last quarter (not likely) - we're sitting at a market cap of 2.6M at the current price. Frankly, that's probably even a little high for an unproven company loosing 500K a quarter, ~6M in debt, and since inception sales of under 1M.
It's hard to get investors anyway when dilution has been so heavy and they have a gagged SS. It really irritates me when a company won't even allow share holders to know how many outstanding shares there are
They heard you and dropped off ask... Funny timing
Momo pm again with an email address and I can talk to you that way. I'm just a casual I-hub poster
No worries man. I can't ever remember any of this stuff. I just look it up every time
Adonis - long delayed reply. Just catching up on morning posts. For all those wondering. The extension gives us 5 days to file. That's 5 calender days. The 10-Q will be released Tuesday at the latest. For those thinking otherwise, here's a link to the filing deadlines. Look at the "Standard Calender" - we don't meet accelerated or large accelerated criteria.
http://www.merrilldirect.com/cps/rde/xchg/merrilldirect/hs.xsl/edgar-sec-filing-deadlines-and-holidays-2014.htm
Wayno, their numbers were based off that prediction back in November. I'm pretty sure they were aware of the unexpected traffic increases when the 10-K was filed (In April). EVEN WITH the traffic flow, Chris still expected to need funding. Plain and simple.
I know I don't frequently post, but I'm fairly confident you guys all know I've been here well over a year as a shareholder, and my postings are usually based purely on the facts known at the time. And Wayno, I hope you're right and it happens. But Chris hasn't given any indication yet that it will, so I just think it's best to stay grounded. People who don't know the stock buy in here based off wild predictions, then bail when the realistic financials are posted. I don't personally care, because I'm holding for quite a while longer, but it sucks for those guys to expect one thing and buy into another.
Matt I completely agree that they're fixing the ads to generate more revenue. I just did the exact math, and in 4th quarter 2013, the revenue was $19,967. Three times that is $60K. Not breaking even. Not yet. Also, Chris is aware of exactly what's happening way more intimately than any of us. If he predicted needing 600K in "loans" to keep the doors open this year, I'm going to go with that assumption. Any other assumption is in direct contradiction of the CEO, and, while hopeful and it's theoretically possible, it's silly to talk about it like it's going to happen.
How is that well said? Revenue from 4th Quarter was somewhere around 10-15K. 3 Times that is 30 to 45K. That's still not breaking even. Also, even if it were, why would Chris need 600K in funding if we're breaking even or profitable? Frankly, both of you aren't making a whole lot of sense...
Yes and their income predictions didn't come to fruition. Which happens - I don't really care that it happened, I just think realistic conversation and expectations are beneficial to all involved. Your quote is from september 2013, this is from the 10-K issued last month. Obviously the game changed from what Chris expected.
"The Company believes that it will require capital in the form of equity or borrowed money of approximately $600,000 during the next 12 months."
"During the next 24- to 48-month period, depending on our financial resources, we are planning to expand our sales and marketing staff to enter more cities in the US and, potentially, select foreign markets. We intend to add sales and marketing staff as required. No assurance can be given that the Company will be able to meet this goal, because the Company will require substantial capital in order to develop its business. See “Liquidity and Capital Resources.”
"While we initially believed that the services provided to us by iCare would enable us to expand more quickly than we could using our internal resources alone, the support services provided by Sysco were less than expected or promised. We are in the process of evaluating this relationship and to determine if it is in the best interests of the Company to continue under the agreement."
There's the FACTUAL, most current information on where we currently stand. If we could re-direct the talking from dreaming to something based off reality, that'd be great.
Yeah it's ridiculous to be talking about breaking even. Chris already said he expects to require 600K in funding to continue operations through 2014. He also said they won't be expanding outside New York this year. I don't understand why people talk about wanting the 10K for weeks and those same people don't even read it. All of this is written there.
Most of the work has already been completed on the app... Unfortunately the guy doing it left the company in August which is why I don't think we'e seen the app yet.
http://theredfarm.com/GanderAll.html#pf-detail-box
10 Q/A is an amendment to the 10-Q from the period ending in September... How on Earth can you read the title 10 Q/A and then post that the 10-K is out???
Follow up for what it's worth. The site is ad free and generated $1.15M in ticket sales last year for its artists. It makes money by charging a percent of the ticket sales. Now for the exciting part, gander is ranked about 20,000 slots AHEAD of this site in our US ranking.
Seems to be very similar business model... Interesting article and take a look at their website to see comments from some of the top business and tech reviewers in the country...
http://business.time.com/2013/05/07/for-a-musician-with-a-webcam-all-the-worlds-a-profitable-stage/
I believe there's serious value in what Chris is doing. I don't think we'll see its full potential for some time to come, but we're on the right track with an excellent CEO and an excellent business opportunity.
I expect that ballpark for 1st quarter 2014... Would love to be too conservative though
Who said anything about selling for a loss? That'd be silly. Furthermore - when you say yesterday's news, I'm not sure I know what you're talking about.
Smart move IMO
That'd certainly cause a stir. I'm honestly expecting a drop at the 10K release though. The nature of these boards is everyone buying into the "to the moon" expectations when they aren't being realistic.
I'd be VERY surprised if we're profitable in the 10K. All I'm looking for is an increase in revenue coupled with a decrease in the loss deficit. If that trend continues, we win. If not, we lose. But I'd speculate we aren't out of the woods as of the end of 2013, and there will no doubt be another sell off should that comes to fruition. IMHO
For those playing the trades, I'd recommend selling prior to financials. Best hedge against a sell off is to not be present for it. Also, we're likely to see a small surge leading up to it.
For the longs, could present a solid buying opportunity when the flippers get upset we aren't $1M in the black. Or, by the grace of the OTC beings who grant such dreams, the financials are incredible and off we go with bags in hand.
Per the SEC schedule. Since we filed a NT 10-K on the 28th last month, the 10-K is due Tuesday 16th.
1 (Mon) 10-K*
2 (Tue) NT 10-K
16 (Tue) Late 10-K
30 (Tue) Proxy Statement or 10-K/A, 20-F
I think it depends on their definition of long... I've held shares here for over a year now (actually seen moderators come and go) and haven't sold a thing. I probably could've tripled my position at this point had I played the stock - but when I decide not to trade a stock and invest in a company - that's what I do. On the flip side - who cares that people are flipping shares - good for them! They're making money, and probably over 10K a flip depending on volume. That's the point here fellas - to make money. With that said, I question every single one of the "longs" here who complains about flipping or manipulation. That's a short term complaint for someone wanting to sell tomorrow or three ticks ago. I'm sorry your flip didn't go the correct way, or you're feelings are hurt by the big bad MM's, but none of that changes the state of the company. So if you're actually long, act like it.
Interesting article on website income estimates based off type of content and traffic numbers...
http://monetizepros.com/blog/2013/how-much-money-should-my-website-make-seven-real-world-website-revenue-statements/
It also has a "who knows how it works" calculator. Based on a publisher website in the entertainment industry, 4M views a month would return about $28K a month.
Haha yes that is me, but I haven't been to Vegas for a few months. There's a friend of mine who also flies hornets out of Lemoore and looks just like me. I know those guys have been down at china lake a lot recently - could be him?
So, unfortunately, we don't have an overlapping period of both financials and traffic numbers. I like knowing what to expect though, and for those guessing - this may help. All estimates were made using a basic linear model but I think it may be close to what we should expect to see come the 10-K then 10-Q.
Website data we have:
OCT - 620 K
NOV - 1.1 M
DEC - 2.0 M
Since it roughly doubled each month, I'll assume a similar trend existed previously giving us:
JUL - 75 K
AUG - 150 K
SEP - 310 K
Total revenue for that period was $16,579. Ignoring the installation fees and assuming income was generated as the result of traffic - the math works out to approximately .03 cents per visit.
Input that value into the 4th quarter traffic numbers, and the income expected is $115,588. Taking into account the installation fees, I'd expect to see total revenue around $75,000 for 4th quarter. In reality, that may still be too high as the company did mention a large majority of 3rd quarter income was due to the installation fees being charged. I also don't think $0.03 per visit is realistic. Just the way the math works out.
More fun yet. Project the numbers with a more modest growth projection:
JAN 4.0 M
FEB 6.0 M
MAR 8.0 M
The revenues for 1st quarter come out to $540,000. No one murder me for the estimates - just something to consider. IMHO