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Agreed. Absolutely agree. Toss his azz into the hoosegow...hope he spends the rest of his days there.
Worked a 14 hour day and come home to this! Wow...very nice to see this movement. Hopefully the waiting comes to an end in the next few months.
Really? Hope so too. Where did you hear that? SOBs took me for 1k-hope they enjoyed it as much as I would enjoy seeing them and knowing they were behind bars.
Yup. Agree completely. Thanks for the info the other day, been working some crazy long hours so i'm not keeping up like I should. I think we will churn like this for many weeks more with small fluctuations before the main event.
I gotta say though-it's my belief that real money off this deal will be made in winter and early spring. Just a gut feeling.
Wait it out. Don't know what your share count is but I'm willing to bet that things will heat up in a few months or so.
Well...if you're correct, they better keep shaking that tree and a lot harder at that. Been here through hell and high water so there's no way I'm selling before spring.
Don't care if we go to trips again-still not selling.
Believe and 37-Thanks for the update on the PR, no I didn't see it, only skimmed the board and discovered the launch change with the GSL.
I do agree with the PPS numbers and although you can never know what's in store, it's always fun to speculate where the PPS will be someday. No harm in kicking it around a bit.
Worked a ton this weekend and didn't have a lot of time to root around for info. The info is much appreciated.
What was the PR? Didn't see it. Thanks
A very good analysis of the upcoming situation that covers a range of scenario's. I would count on the half full option for a full year leaning heavily towards a full compliment of advertisers for the first 2 months of the launch.
Seems that we could hit .03-.045 within Dec/Jan given only the news and success of the GSL. The movies will take much longer to develop and produce and I believe will not effect the PPS as soon as we may hope.
There is the hope that REDG will retain that full compliment of advertisers for a full year but I don't see that occurring. That PPS of .08-.16...from this point, man, that would really be worth the all of this waiting.
In the risk vs reward category I believe you are correct. We could churn here for another 60-90 days-no question. If profit is realized in Dec-still a good bounce and a chance to make some X-mas cash.
What do you consider a "very high share price". My thoughts are that a optimistic run takes us to between .035-.065 before backing off. A good run takes us to .035 or so...plenty of room for profit for those in early.
Some have quoted a PPS of .20-.25 by the end of next year and I have to say that given the current share structure-I don't see that. Still, I believe that the risk vs reward is weighted in our favor at this point. That could surely change as things move forward...we will wait and see.
Caution is the word of the day always. I have a couple million shares and have been done buying for a while now. I will wait for an ROI-but will not risk buying more. I have split the difference.
Still-it is good to see things come together and I do believe there are many parts to this deal that must move together-I believe it will happen.
Agree with the black Friday comment, however nothing is perfect. It is my contention that the delay was not REDGs-therefor we are ok. I think it's safe to say that the deal is moving forward. I also believe that we have the required number of advertisers to make a run of this venture.
I take the confirmation of the GSL launch in DEC as a great thing. The PR was definitive and the reasons for the delay were clearly stated. The advertisers or TRU-maybe both, are looking for the biggest return possible concerning this release.
This is a monster of a deal with many things that have to be placed into motion correctly and in a timely manner. It's all got to mesh...like the fine gears of a pocket watch.
As a person who has doubted the business practices of REDG and has not been hesitant to say it....I must also GIVE credit when it is due.
I would look for a rise in PPS in Jan and not Dec. If I'm correct isn't Dec the time to sell for tax purposes with Jan being a strong buy in month?
Nothing rancorous about that post, read it again. Heart attack? No. Commentary? Yes.
I think we are headed for good things...exactly how many times do I have to state it? Also, I have stated that I wish we were kept up to date more on these mentioned changes....how many times do I have to state that as well?
As far as the house and all that business is concerned-I posted that I hope it's not true and for all the reasons I stated. If and when the profits roll in I hope he lives in the biggest house in the world for all I care...his money-his business. He will have worked for it and deserves it.
Right now-with everything up in the air...not so much.
Whoa...back up. What's this news about the GSL change? Release? No Release? #1 in Nov? #2 in Dec? Something change here?
I hear ya. It's the perception of the whole thing. We're teetering and most investors are in the hole. To hear that Mr Powell has gone out and bought a house and has maybe taken a vacation....is a lot like Mr Obama playing a round of golf after talking about terrorists killing folks. The perception of it is not good at this point. Hopefully not true.
Money comes in-revenue-profit...hey baby, take that vacation and buy that home. Right now-if true-not so much.
Hmmmm...very optimistic projections. I was thinking more to the tune of approx 24 advertisers at approx 30 CPM. That's 10 more advertisers than the 14 they told us of-also optimistic. The 30 CPM is more in line with the investors video info. Still room for profit. I like your projections better, but at this point profit is profit.
Where do we get 1 million a week in profit? If that is true-do we not also count the cost involved in the printing, delivery,etc?
What is the weekly cost of expenses for the GSL? I thought about 480k?
Totally agree. If they are selling into the run we are, well....
Naw. Honestly, what more is there to say at this point? Either you believe this goes forward in one form or another-at one level or another....or you don't. Everyone is pretty entrenched in their positions with some shifting of opinion, but their core belief is pretty much unchanged.
I think we are in the waiting mode-what else is there at this at this juncture?
It's a mixed bag at this point. The statements of,"It's
been a nail biter" and," We believe in what we are doing"....can be taken as both defensive and as a reassurance that things are on track.
I am not reassured by statements like that because they can mean anything.
There signs they are preparing us for failure-there are also signs that we are on the launch pad getting ready for lift off.
The problem is that we will not know a thing for a little under 2 months. I wonder what they will be doing during this time period-their activities will tell us a lot.
We can only wait and see. All that needs to be said both in a positive, negative , or neutral manner has already been gone over. We can only see which side eats crow in a relative short amount of time.
As of right now-yes, that's what we have to go on. I have said that I'm sticking to a certain time line and I intend to do that. I believe it would be foolish to sell right now with a set date coming up, the possibility of profit from revenue, and with the possibility of other projects coming to fruition.
I'm down 75&, so I'll be damned if I'm selling into the face of the current PPS. If it's gone when this is said and done...it simply is, and I will not retire on time. The chance to pay off so much of our debt, maybe to get a small hunting vacation place in the north is worth the risk. I have been here a long time-I can wait 6 months more.
I emailed Kurt with a few questions for REDG management concerning number of advertisers to date, the continuation of convertibles after revenue comes in, and the payment of REDG senior staff. In short order I received an answer.
1) Convertibles: REDG has relayed that once revenue comes in they will cease the use of convertible notes." We want them gone forever". They stated they have to deal with the ones in 'tranches'(?) We are in the process of switching over to factoring. (Can someone explain tranches,please).
2) Payment: Benny Powell is the only one of the senior staff drawing a salary, of which Mr Powell rolls much of that back into REDG projects. Mr Powell has not yet invoiced the company for work on Wayward Sons, and the salaried positions for the senior staff have been deferred, using those funds for creative works or projects.
3) Advertisers: We will release the number of advertisers as soon as we are allowed by contract to do so. We appreciate your patience in these matters.
I will look over the email again for accuracy-if I need to post corrections I will certainly do so.
I'm not so sure I agree. Did those actions hurt the share price? No. Were those actions illegal. Not that I can see. Were those actions unethical? No.
I do see those shares being held for a much higher PPS. I think the drive to make something of this company is now increased by the incentive of shares that could be made as profitable as possible through hard work and performance.
What is the downside or upside of this situation? I'm not concerned with what other CEO's are doing-especially in pennyland. We need out of the box thinking at this point. I guess I'm not seeing your point. Can you explain?
PM or email is fine-hasn't come through yet. I'll wait, tell me what you think.
That has been tried in the past. The members of the board do not have the funds to sustain a higher PPS. Too many shares out there. If you are a believer your a buyer at this point looking for a higher PPS on a run or news of revenues.
We wait.
SeePalms-
Check your email and get back to me.
A very good story line on the start of Mr Powell's day. Allow me to add to it-Mr Powell could look in that same mirror and think, "There are a lot of unanswered questions out there. These investors have funded this entire venture up to this point...these notes I've signed, damn, I know they were for a purpose...don't they realize that? We have costs associated with this whole thing...what do they want from me?"
Well, lets start with transparency and honesty. If this is legitimate, what is the problem with keeping the investors informed about the money you are spending and why you are spending it. What is the problem with keeping investors up to date with the number of advertisers that have sighed on? Not their names-just a number. Since we already have the number of 14-does it hurt to provide a running total?
I don't want to hear about how Mr Powell is paying his friends and employee's-it appears they are doing quite well for the work they do. What we need to hear is the progress being made to reward us for the risk we took in backing this whole thing.
No excuse for not communicating-none at all.
I remember the boards rise of excitement before FCBD. I remember the DD, the predictions, the paragraphs of predictions concerning advertisers revenue,...all of it. What happened? The PPS went down. Why? A convertible note was issued once again. After the shock the excuse makers came out again...more excuses, detailed reasons why FCBD was such a success but the PPS was such a failure, etc.
Now. I realize that GSL is much more of a big deal-much more at stake...this is the make or break deal that we have been waiting for. One set of folks on this board will eat crow for sure, either those that have advocated hard for REDG or held, or those that have ripped REDG at every opportunity. That meal will come one feather at a time though, because while revenue to produce profit will come in, there are also notes to contend with during that time period. The revenue may be speculated on, but will not be documented until late winter. We will see which side prevails.
Well-that was another waste of money. That guy isn't worth the price of an hour of parking let alone whatever he's being paid. His answer to everything, and I mean everything is," I'll speak with someone at REDG and get back with you".
Jeesh-A tape recorder would have been far cheaper.
Fair enough. I never stated one single time that you or anyone should not post how they feel about this situation.
When Mr Powell stops his use of convertible notes I will be an advocate. When Mr Powell starts communicating with us concerning his use of toxic funds...there will be less of a problem.
When solid info is relayed concerning the deal with TRU-I'm a advocate again. When revenues that produce profit are proven-when advertisers numbers are revealed...I become the advocate I was in the past.
I absolutely take responsibility for every decision I have made regarding REDG-to include my decision to post my dissatisfaction in the manner in which money is being spent without explanation.
As far as blaming others, you need to read my posts again. I place the blame for non communication and the use of convertible notes exactly where they belong.
You and some others amaze me. Please tell me. Where do you place the blame for this eroded PPS, lack of communication, and use of convertible notes?
Fine-np. Let him say it then. My money is not with another company-it's with REDG, so let's take that off the table.
Continued spaced out convertibles allow for no substantial rise in the PPS-no one buys into debt that is or has the perception of never coming to an end. Where, I ask you, is the upside of that?
Mr Powell needs money-fine. Gotta pay the bills and keep the lights on-but we don't know that-do we? Where is the money going and for what? So much could be laid to rest with explanation. These explanations have not been forthcoming now, have they?
I will say for the record that I do not believe this to be a scam. I believe this to be a great idea put forth by a man who does not know how to run a business, balance books, or understands the role of a CEO.
A hardened target is not vulnerable. If the CEO had done not only the right things but provided info through frequent communication-paid bashers or those with an agenda of some sort have no case to make.
When Mr Powell makes it easy, through his actions and non-actions, to have some of these folks to show up ...they will and they did.
I would like to know your definition of a 'true long'. Also provide your definition of a 'basher'-vs-critical assessment.
If you think what's going on here is ok...that's your opinion and your free to express it. You agree with the CEO and wish to support him-then express that also.
Don't attempt to tell others that they may not express their displeasure as you yourself post your support. We've had this conversation before.
If Mr Powell would communicate with us-most of this goes away. Don't tell me he's too busy-because that's what leaders do-they communicate...it's part and parcel of their job.
For you and a few others to blame the drop in PPS on a few dissatisfied long investors who post on a stock message board instead of the actions of the CEO who caused the trouble to begin with is simply astounding.
Yea, and think about that for a little bit. You bought in at various times and at various prices based upon...what? If you had known that Mr Powell was going to sign and use dozens of convertible notes even after saying expressly that he had no intention of doing so....would you have bought in at the times you did-or would you have least waited for this type of PPS.
Don't get me wrong because I did the same thing based upon the same information you had. Therein lay the problem-lack of communication from the CEO to the investors concerning his intentions.
At this point the good news is for the most part speculative. It may be true or it may not be true . There are no signed agreements that I know of...if I'm wrong please correct me. In the mean while-current time-what is very real and apparent is the millions of shares being dumped on the market by the CEO who has signed away hundreds of thousands of dollars-maybe millions, in toxic debt notes of which the company does not even receive full value for what they pay.
According to some on this board we are supposed to cheer these actions, praise Mr Powell and laud him as some sort of business genius. Damn guys, are you kidding me!?!
There are good guys on this board-even the ones who take shots without addressing the poster directly. They are good people. We just have different opinions on how to address the situation we are in.
I do have hope, a timeline, and I'm sticking to it-but I will post as I see the current situation.
When Mr Powell can find the time to address investor concerns the nerves may settle down a bit. When he does not-but has the time to post on social media and does NOT ADDRESS investor concerns...turmoil ensues. Not because of the investors but because of a CEO who has the answers and will not provide them. This is a choice he has made or continues to make. Why doesn't he address these concerns? Only Mr Powell Knows.
We shall see-won't we? We are on a 60ish day timeline that will provide us some idea of where we are.
I'm madder than hell-but I'm damn well not selling into the teeth of this share price. I could have got out with a whole skin last time-so we will see what the next 6 months bring. If the TRU deal goes through we may see low copper. Plenty of profit to get out on-not what I got in for-but not selling for a loss either.