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I'll buy a drink for the 1st IHUB poster that bought today !!!
OK, fess up... Who are ya?
Dave
Mornin board....
Did I miss anything? Looks like a good, solid GAPPER.
Shakerzzzzzz, nice money FLOW
Dave
That and a subscription to online Xbox game rentals !!!
Good morning... Did I miss anything last night?
Dave
xbox 360 premium at ez2auction,otto gives one of these away in an auction promotional
Suggestion for board...
Since there are people who can NOT stay on topic, I'd suggest peoplemarking those posters who stay on relevant topic.
Then, when you click on the list of posts, the people you have marked will be in bold
Just read their posts, and replies to such...
Much better than reading through 100's of OT posts..
Dave
OT
Agree'd... And the moderators will clean house if that happens...
So far, a few subtle posts have been presented, and refuted by solid facts & DD.
IMHO, there's been way more harm done by people posting nothing, and "The sky is falling" if they show up.
My last post on this topic, as its wasting space already.
Dave
to be subjected to multiple posts from multiple posters with unecessary character assination of the company, I find offensive to my intelligence. AND that is why I use the ignore feature.
Did my reply to your questions earlier help at all?
More math...
Consultants are taking shares for pay, and equated the value at $.0048...
The Company issued a total of approximately 98,373,000 free trading shares of common stock related to these consulting agreements with total value of approximately $471,000 based upon the fair value of such stock that will be expensed over the twelve-month term of such agreements.
$471,000 / 98,373,000 = $.00479
I bet some of them who sold shares, are kicking themselves now
Looking at the volume, They easily got absorbed already.
And, if not, will soon enough.
Again, those who call GZFX a dilutive POS, aren't necessarily telling the whole story.
Dave
What does this mean?
My five year chart now has the 50 dma just about to cross the 200 dma and when it does its katty bar the door.
Cause I can't sleep...
I was just looking through the 3rd Quarter 10-QSB
The number to keep in mind seems to be around 21,000 subscribers, to break even.
Total operating expenses $3,040,749
Lets call it $4M per year. (Its possibly/probably larger due to CC advertising in 4th quarter)
$4,000,000 / 12 months = $333,333.33/month
$333,333.33 / $16 (Avg Sub) = 20,833 subs needed per month.
I personally think its very doable, and thats why i'm here. Of course, I could be missing something, and/or just be wrong
Dave
Intersting email from E-Trade... I sent them a message to try & fix their GZFX chart because of the "Fat Finger" trades of late...
Dear Mr. Petry,
Thank you for your email regarding the chart for GZFX. I apologize for any inconvenience this may have caused you.
Unfortunately, the data we are able to display for Over the Counter Bulleting Board (OTCBB) stocks is often limited.
OTCBB stocks are relatively not large or stable and are considered very risky. As a result, very few OTCBB stocks are successful in making the jump from this market to the NASDAQ or any other major exchange due to their inability to meet the listing requirements of the major exchanges. Also, because OTCBB stocks tend to trade infrequently, the bid-ask spread is larger. Due to these factors, the information that is readily available, such as charts, is often unavailable.
Sincerely,
James Kim
916-858-5090 x5641
M-F 7:30-4:00pm PST
Tech Support
Financial Services Representative
E*TRADE Securities LLC
Huh? Why then, can other chart services display accurate charts?
They just being lazy?
Dave
Unverified at this point...
I don't know how many subs Gamechoice had does anyone have any idea on how many?
Yawnnnnnn....
80+ posts of useless bickering.... If anyone posts anything actually pertaining to BCIT, could you put "On Topic" in the header, so we can read it <lol>
Dave
Welcome Egeliah !
Lets start here...
Can someone explain why share dilution is something to ignore?
Share dilution should never be ignored...However, if used properly, it can be a tool to fund growth.
In GZFX case for example...The ultimate goal is to increase subscriber base. One example of dilution being a "good" thing is them BUYING the inventory of Gamechoice. If they issued shares (Restricted or not) for this, I for one wouldn't mind. Why? Because, the last thing you want to do is go through all this trouble to get people to sign up, and then not have enough games/dvd's to supply to your customers.
Dilution could also be used to FUND Advertising...Those CC Kiosk's. etc aren't free...They need to be paid for.
Dilution could also be used for FUNDING payroll, etc. For example (And this is just for illustration purposes)
Say they want to redesign the Website...They could give someone shares to do this...
NOW, of course, this needs to be done smartly, and with much thought. Thats where management comes in...
who are these guys really going to be looking out for, me or them?
Its ultimately their business, however, if they get greedy and ignore thier shareholders by Diluting irresponsibly, they won't have shareholders, as we would sell, and others would short due to a BAD business plan.
On the other hand, if done correctly, they can look out for both.
As far as this...
The two top guys just gave themselves a $200,000 and $175,000 annual salary with 15% annual pay raises.
Anyones guess. But here's mine....
They are looking down the road. Possibly a BUYOUT from a bigger company, which would ensure them a fair (In their mind of course) "Golden Parachute"...
Does this make me a basher?
Only if you are asking these questions for the sake of asking...Only you know your true motives...
Hope it helped some...Its way to early for me, but I can't sleep this am!
Good luck,
Dave
Good - You should want to know all you can, good, bad or indifferent.
Dave
Wait till Lance, Janice, Bishop and the rest of the crew get here to nit-pick everything about this company since the birth of it years ago right up to right now where it is currently positioned.
Finally caught up...Thoughts for the board.
1) My 11yr old has since gained an interest in all this stock stuff. (Although I have NOT given her my Etrade password yet <lol>, she is casually reading along (With my supervision of course), so lets please keep it professional.
2) After showing her the "GZFX" Business Model (In 6th grade language of course) I asked her what she thought.
Here are her thoughts..
The idea is good...I'd play about 2 games a month, and 2-3 movies...If the games were good, i'd keep them for a few weeks.
When asked about how it could fail...she stated...Blockbuster does the same thing (rents movie & games & is in our town)
And she mentioned NETFLIX... So did my wife.
Neither knew the CC deal, but they are far from "Average investors", so I take that for what its worth.
We talked about the "Time to wait" between sending & receiving games/DVD's...She replied 3 days is cool.
She said, why didn't you buy Blockbuster or Netflix... I showed her their prices, and that we couldn't afford BBI, let alone NXFL. She then said, I guess we can afford some .02 cents, right?
She wanted to know if she could invest some of her allowance, so I said yes
Also - Very poignant that those who held GZFX made more % wise today that BBI/NFXL/GOOG (I used GOOG as an example of Something everyone new of).
Try to keep certain things in mind that sometimes, future Wall Street entreprenors (Sp?) are reading along.
Out for a while !
Dave
I agree with everything in this post, everything except for this subtle NON-fact...
Shares can be used for aquisitions and stuff like that too but GZFX is starting up their operations and need $. How do they get $? Not by doing aquisitions but issuing stock to sell.
Do you think that GZFX buying Gamechoice inventory (Lets assume they issue stock for this) does not directly affect getting more money? Through more subs, because THEY have more movies/games to RENT?
Dave
Can you please waste my time and send me a copy of that info?
Thanks,
Dave
I will detail for you the reason why A/S increased from 2 billion to 4 billion in a PM so as not to waste the board's time
Thanks - Excellent Info !!!!!
Dave
Re-read incase someone missed it...
Prof 101
http://www.investorshub.com/boards/replies.asp?msg=8628861
YAWNNN....
Free? Been here a week? ONLY post on GZFX?
Andy has a wealth of knowledge & thoughts from a DAYTRADERS perspective... (Although his motives are suspect)
But he brings something to the party.
Always listen to both sides, and make up your own mind.
Dave
In other words Andy (since you seem to want total clearification on all things posted here) you are a BORE with a a very immature mentality in your need to argue petty and vague points when you yourself offer petty and vague points.
Only if you can't see through the BS...
Your subtle...
I also agree that you never said 4B OS, but again, subtle.
Dave
CEOs spend a lot of time trying to convince investors to invest in their companies.
This is ANNOYING when your reading through AFTER the fact.
Dave
LETS GO CLOSE PREDICTIONS ENTER EM NOW!!!
No offense Professor...
I hadn't thought about the "hostile takeover" end of raising the OS to 4B.
I'm slowely trudging through the 100's of posts, but could you enlighten me on this???
Those of us who have been here a long time know why the authorized shares were upped - it's in the SEC filings.
Thanks,
Still plodding...
LOL - And you don't think we will ???
Nice weekend eveyone !
Dave
just hoping we hear something sooner.
Put me down for "Joisey"
As in Newton NJ - But don't add that.
Nice job !
Dave
ok Susie/Fringe, close enough to the market opening...Please continue this im private if necessay.
Oh btw, good morning to both of you !!!
Dave
They played like crap, and still SHOULD have won.
Bledsoe, while talented, sucked in the BIG spot. He, at the helm, will get us NO WHERE !!!
Anyway, ruined a great turket day
Dave
Goooooo COWBOYS :)
COWBOYS to lose? What are you smoking? <lol>
Go COWBOYS!!!
Dave
ok - This weekends DD should be on Finding out why/who/what ARCA is selling for.
From reading along (I do not have the luxury of L2) it seems everytime ARCA shows up on, we have selling pressures.
WHY?
Off to make the gravy
Dave
exactly pens...
My kids played spongebob game 24/7 for weeks until they conquered it. Haven't played in months...On to a different one.
Its Hockey season, so as soon as we sign up, i'll rent that one, and keep it until I win the CUP
Great idea, great business plan...They just need to execute !!! All for .0184/share !!!
ok - Turkeys starting to make me feel hungry. Later!
Dave
Here's why OTTO needs to focus 100% on filing on time.
My value of my EZTO shares in my Etrade account show "0" because of the EZTOE.
They show the ticker as EZTOE in portfolio, but doesn't recognize it yet. While I know this is an Etrade issue, It should be a NON-Issue, if they had filed yesterday.
Stop yacking about killing Cornell, and smack OTTO & the auditor upside the head with that Turkey Drumstick!!
All the best,
Dave
John,
Nice post...the only thing i'd throw out is this.. I'd say the website and great service are of equal importance.
One is not more, or less important, but equal !!!
Also - They updated it significantly in the last 24hrs.
I canvassed my family, and they each came up with a movie & game they'd like to see/play. Shrek/Animal crossings & my al time favorite movie -Animal House!!
All were found via the "Search Feature", and by scrolling through the alphabetical listing...
Website is a NON-issue at this time for me. I will sign-up for the sevice over the weekend, and report back what I find, and experience on turn around time in NJ.
The design of the website is important BUT not as important as delivering a great service. The website does not even hold a candle to the importance of our service. There are many companies who have wonderful websites and deliver a poor result and are failing.
nah, it was a daytrader, bashing an "Investor"...
No need for it, two different trading styles...
Dave
Andy is not bashing. He is stating his rational opinion. Don't overreact. He has drawn conclusions from the data he has, and been civil about it. That is NOT bashing.
As long as your able to BUY, then selling in not an issue...
The issue, as already pointed out, is your "3 days" of clearing time. You sold Wednesday. You can't use "Those" funds to buy anything until they clear on wed.
Also, down the road, there are "Wash Sale" issues when you buy/sell/buy for tax gain/loss issues...
"Free riding" also means buy X shares, then sell 1/2 on a double. (1/3 on a tripple, etc)Re-coup your initial investment, so your riding free.
Good luck,
Dave
Excellent Post !!!
I agree with you 100% on everything, and the things I do not how knowledge about (The early year, Stern, etc) i'm slowely going back to research.
For me, as a new investor to this stock, I look from here forward. I like what i see, as long as the shares we will eventually get diluted with, are for aquisitions that will provide infrastructure for GROWTH. Thats why, on the surface, I like the Gamechoice announcement. More inventory, and a DC in the NY/NJ area is key.
It'll be interesting to see the 4th Quarter 05' "Q".
Thanks for the reply...
sorry for my english, hope it is not missleading and exspecialy today I don't want to hurt anybody's feelings - Happy Thanksgiving Day to All
Your english is fine, better than most on here
Dave
So, enlighten us on your knowledge...
this is about knowledge and the capability to set up a business - JF couldn't proof it yet !!!!</i?
No, he would have flipped it at .008 for a double. THATS why daytraders have a love/hate relationship with GZFX.
Dave
yeah, damn daytraders trying to stur the Turkey Pot..
They can only look at 24 hrs at a time.
2 yrs??? WOW, thats forever to them.
Dave
You said I can't compare NFLX to GZFX, not me.
I did compare them...
You can compare any stock you want to whatever you want. It might not have much logic but feel free to do that. I won't stop you. Comparing organges to apples but if it helps you pump your stock why not?
If you want to watch on your computer, maybe...But there is a whole Copyright issue there. Plus, we are talking GAMES for Xbox/Cube etc...
Your talking apples to oranges...
I feel that this sending dvds through the mail is doomed eventually. The next big thing, IMO, is downloads over the internet
Ummm, Subscribers???
They are projecting a break even point at like 20,000 subs, I think
We might get there with just 17 Pilot locations <lol>
Dave
If their business is not bringing in $$ yet and they are shelling out a bunch of cash to start things up where are the profits coming from?