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Let me remind you of something when you talk about the 'new element infiltrating the board'. The fact is-is that I remember when you were the 'new element that infiltrated the board.
Don't like the dissatisfied posts? There's a difference between someone who's been here awhile, has shares, has done DD, and believes the company is spinning its wheels...because he's seen it- vs- someone whose been here a few months and is still on his multiplying his share count by the 1.00 per share that Mr Powell has the nerve to say this is worth. This as he dumps millions of shares onto the market, and signs notes for hundreds of thousands of dollars.
Not every post that doesn't cheer lead your line is a 'bash'. If you don't want to question how your money is being spent that is your right-but don't tell me not to express dissatisfaction when I feel mine is being misused.
I would have you know that I did exactly that very thing-guess what? No response. Asked Kurt also...his response? 'I'll take that to REDG management" Their response? "We can't divulge that information at this time" or, we refer you to our financial reports"
Don't talk to me about driving the stock price down with posting when Mr Powell is using hundreds of thousands of dollars in toxic debt notes and dumping hundreds of millions of shares onto the market-you do understand this don't you?!?
What kind of logic are you employing when you compare that-to a couple of longs posting dissatisfied messages on a stock message board? Are you actually claiming that people have had long positions for going on two years-have seen the CEO make statements and go back on his word, sign dozens of toxic convertible notes...THOSE FOLKS are the ones eroding the stock price and NOT the CEO!?! Well excuse the hell out of me for wanting to know about the money I invested and why it is being spent in the manner it has been. Absolutely unbelievable.
Sorry. No. I don't agree. So-what you seem to want is a board full of cheerleaders that approve of every questionable deal that Mr Powell transacts, every note he signs for, and all of this with no explanation for the actions taken or the choices made.
What you seem to wish for is for folks to 'shut up'-'be quiet'...with their own money at stake...and to raise no objection in the face of numerous convertible notes and a eroded PPS. Sorry-No, that's what sheep do as they are sheared.
I don't have to re-read my posts...I wrote em', and I know exactly what I said. I wrote what I felt about the current situation as it stands.
I will become a REDG/Mr Powell advocate again when he explains a good many things along with keeping us updated on a regular basis.
I care about my investment as you do about yours-but I will not witness falsely as many have on this board posting things like 'if he does this' 'hope he will' 'maybe if he does this-it will do that'...type of crap.
Neither will I post lies and DD that is 10 years old that has nothing to do with the current situation.
Instead of blaming the people that are bringing up issues, why aren't you asking the questions concerning the issues?
My thanks for your input.
Now I cam believe that. I never even gave shorting a single thought, As far as the PPS being brought down ...with no rocket science involved...the notes are responsible. Who is responsible for those? Mr Powell.
Still 60ish days and counting, but no breakout until revenues are documented not just speculated on. Why is this you say? Other pennies run on speculation with far less in the way of a business model, product,etc.
Again, if it does not run you can thank Mr Powell. His lack of communication, shifting shares, convertible notes, and the shades of impropriety may prevent people from jumping in until profits are documented in triplicate.
His actions and lack of them have hurt REDG-investor wise-because word is out that he can't be trusted. True or not, the perception is there.
Only he can resolve these issues and so far he has not used that discretion.
A very telling post. Thanks for the explanation-it provided insight into your intentions and motivations. Good luck in the future.
I have asked myself that question. I also see the flip side of this situation. There is a product, a deal in place, we have 60ish days to see 2 years of work come to fruition ...or not.
I have asked myself another question. Why are you here? It is one thing to hold shares and dislike the direction the company is taking. The shareholder has a stake-a vested interest in seeing the company succeed. Therefor a stakeholder makes comments or provides opinion based upon the desire of having the company do well. The comments may be positive or negative but are based upon wanting the company take a direction that the shareholder feels is better for them both.
You have no shares, no stake at all. You spend an inordinate amount of time on this board bashing the company and yet...you have not ever had a position that I am aware of.
The hope of an investor is to gain-since you don't invest or trade REDG, what is your gain for the efforts you have put on this board. Very curious.
In truth-you are correct. I now hold a few million shares and am extremely unhappy as to the direction that the CEO has taken REDG w/o explanation to the people who are paying for that direction.
Still, I believe you are right about REDG making a run of some sort. How high or how sustained it may be depends upon what we see in Nov.
I could easily go with either of those choices. Time is either his friend or an enemy-he no longer has the comfort of distance from a date or a time period. We are on the clock-of that I'll truly agree.
If he hits the GSL date on the head, carries the deal with TRU forward with more than 20 advertisers at the 30 CPM rate...and can sustain the momentum, I believe we are worth mid copper by Feb/March.
If he blows it we are another CNEX.
So-with all of this on the table, where do we sit?
Is this a clever scam meant to bilk investors?
Is this a company on the edge of a breakout that had to spend that last bit to get over the hump? The CEO has a plan and is sticking to it, knows what he has and is taking this to the wall?
Is this not a scam-but a poorly run company led by a CEO that has very little practical business experience, has made poor financial decisions, and will likely collapse a good idea with poor practices?
Hard to know where we sit at this point.
The only 'powerful news' that saves the day is REVENUE'S. Nothing less than does the trick. Promises are not worth the paper they are written on, it's time to deliver the goods.
To take out notes up to the time revenues come in,...I might begrudgingly understand that. Beyond that time period we are being played, and I have concerns that may be happening now.
I am sticking to the 6 month timeline.
Doubtful. As I've said, those revenues will have to be documented and not just speculated on. On Nov 5th when the GSL comes out-there will be only speculation as to CPM, etc. I wish they would keep us updated-their silence on a good many things is shameful.
I would be out like a shot on that .06, of that you could bet on!
Yeah-I hear ya. I've been steaming about this all weekend. I've set my time frame longer than 2/3 months, actually closer to 6. I think that will be plenty of time to see where we sit revenue wise and to see those revenues documented and not just speculated on.
I won't back off Mr Powells lack of communication with us because he needs to do better. We are funding this and quite frankly he owes us more detail than he has put out.
All is good. Much regard for the opinions of most of the board who have been in this for the long haul. Count down continues.
While this is good news, what will this do to ease the use of convertible notes that continue to batter the share price? We have had a plethora of artists, writers, managers, directors,etc;...all of famous name with rewards and honors attached.
Over and over again this occurs as does the continuous toxic borrowing with no word of why and what for. If there was some communication in regards to this concern it may be easier to take.
If such detailed PR's can be put out regarding these esteemed individuals why is there not one word put out regarding these convertibles and what the funds will be used for?
Why not one word concerning the number of advertisers that REDG has garnered to this point? Not their names mind you-but just how many?
The aforementioned points are every bit as important to the REDG investor, if not more, than the employment of another famous individual.
I did not accuse-I asked. Keep your name calling to yourself. It's not wanted here. I will discuss anything but you were out of bounds. You were in plenty of heated discussions yesterday and I was not one of the people that jumped on you.
I thought you brought up good points, I didn't agree with all of them, but neither do I believe those that post only positives with, 'what if's' and 'I think he will'.
All right-let's say that the last part of your post is true. Well why the hell doesn't he just come out and say it?
Mr Powell's communication with the stockholders that fund this company is, to put it mildly, horrendously poor.
So much of this 'investor anger' (and I can assure you it is quite justified and real) is due to not being communicated with.
When you are using someone else's money to build your house it is a common practice to tell them what the plans are. A weekly update is not a lot to ask when the sole funding for REDG to this point has been the investors.
Did you attempt to alter the Wikipedia page that you posted? Is this true? There are plenty of things to be concerned about (real issues) other than created ones.
I've got plenty of concerns but I will say that printing a million books a week is not one of them. Cost of printing lowers in bulk so I am am not worried about .25/.30
Legitimate concerns should center around share structure, operational funding, and the continued use of convertibles.
The further the date of release is from the date completion the less positive effect it will have-if is not being held by REDG due to its content. If it is complete and is being held up...how independent could it be?
At this point I predict a minimal impact upon the PPS given our current circumstances.
I respect your opinion and belief.
These notes, with no explanation on behalf of REDG, are a slap in the face. To say one thing then do another as Mr Powell has done is a blatant disregard to every investor.
Until revenues are documented we will be subjected to convertible notes, dilution, no explanation, and subject to the shaky word of a man who apparently lies or says what he thinks is good for the moment.
Don't forget this is the guy who says that the PPS is someday going to be 1.00. That's quite a claim when we are praying for a single copper.
In short-I will hang in. I'm not leveraged down enough to get out with a whole skin...and I'm not scalping myself because I'm upset.
That is one explanation and I'm not ready to disregard it.
The problem is that Mr Powell is uncommunicative so therefor the void is filled with exactly how it looks...abysmal and negative.
This lack of communication has been a hall mark of Mr Powell's for quite some time- to his and our detriment. No updates, no status report, just a badly made investor video that produced as many questions as it answered.
I very much doubt that there will be any word from REDG concerning this investor outrage these last few days. Why? He just does not care about it.
Well, I've been here longer than most and while I do not agree with everything he has posted-there's no way you can say that there's not more than a few concerns.
Mr Powell's misstatements and missteps speak so clearly for themselves that I can barely hear what he has to say. All of it-damn near, could be alleviated if he or a senior REDG member would communicate with us a little more.
If REDG were 'self sustaining' and were not using our money at the most horrid terms imaginable-they may not owe us much. By the FACT they have made no profit, continue to dilute, and issue toxic notes on OUR money, makes it imperative that they communicate with us...and they don't.
As an idea man Mr Powell has done well. As a business CEO he has been a failure up to now.
Agree with regards to Nov-that's the reason I'm hanging in. I'm sure that many investors including myself understand the risk of trading pennies so the risk is inherent to game. That is understood.
What is not easily understood however, is the misstatements and missteps of the CEO. Is that now to be considered to be 'the heat in the kitchen'? Sorry-no. Lying is never acceptable-ever.
As you say though, we are very close to some sort of turning point. I believe it would be shortsighted to sell now when the definitive signature event is so close.
As far as 20 advertisers are concerned-after all this time,effort, funding, this would be the best they could do nationwide and overseas? Again-sorry, no. We are not sure they even have more than the 14 they told us about. Why? Because they don't communicate. As a matter of fact we cannot be sure they even have that 14. Why? Because the mistrust of Mr Powell runs deep. It's hard to believe a man who constantly goes back on his word.
I respect your opinions but at this point I simply don't agree. We will see shortly if this goes through or if Mr Powell is a candidate for American Greed.
It is also well understood that should this become a success that all of the mistrust and doubt concerning Mr Powell will evaporate into a rising PPS.
He does not have to sell for you to buy. There are plenty of shares available-almost always at a lower price than the last time you bought them. I am curious. What PPS do you consider, 'to the moon'?
Not looking for an argument but I am curious as to where you see this going in the next 3 months. You seem to be one of the shrinking number of people to have faith in the CEO to effect a positive outcome.
You are right. I think this had been in the back of investors minds for a long time-sort of like a doubt that was planted and just continued to grow with each new note, missed deadline, misstep and misstatement.
I think it was some of the longs finally having enough that broke the dam, so to speak. I am astounded that REDG has a signature event coming up...make or break...this is it event, yet they have at last count only 14 advertisers. How much time have they had to work on this? How many people of' great name' have they hired? Let's see, we have writers, animators, cartoonists, managers, a marketing guru (that managed to get a whole 14 organizations to come aboard)...but no CFO for a business that is spending millions of dollars of our hard earned money.
I want this to work but the doubt grows daily. These effin notes decimate us, suck the life out of this stock, and sow mistrust of the CEO who seems determined to wring the investors for every penny he can.
Revenue? Shit. It might not matter if it comes in or not if you can't trust the word of the man who controls it.
We shall see-won't we? If this goes through it will be a huge come back story. If not, I can assure you that someone will connect the dots, Mr Powell will end up on American Greed and be in prison.
So, would I be correct in saying that we know have more shares left to convert then we have authorized? So someone would need to explain Mr Powell's assurance that "No where near that amount would need to be used"-and then he turns and signs a dozen notes and places us in this situation?
We are headed to a RS.
Why would he pay off notes from profit when he can pay them off with our money. He's already stated that he does not care about the share price and you know...that may be the only truth he's told so far.
Another thing: REDG will not see a dime of advertiser money early because of the 10 day cancellation deal with TRU. Would I be correct in this? After all, would you pay up front, in any amount, for a deal that could be pulled out from underneath your feet by a 3rd party outside of the 10 day agreement? Am I correct with this?
Proof is in the doing of a thing-not the saying of it. Mr Powell has gone back on his word time and again, set and missed deadlines, the senior REDG staff has referred to those who are concerned about the notes in a derisive manner, and despite Mr Powell's assurances that.'no where near that amount of shares would be used'-where are we now?
I have read all the DD, done my homework, and none of it means squat unless revenues that produce profit come in. This is as upset as I've seen this board in a long time-almost as if everyone got mad all at once and for the same reason.
Mr Powell needs to address the share structure situation, because as sure as the sun comes up we are heading for a max and a reverse split. How can he have any respect for money that is not really his but has access to? He talks about saving 'dimes' at comic-con with hotel rooms and his car and all that BS and in the mean time negotiates notes for hundreds of thousands of dollars of our money?
These notes are like a ATM machine with a card that has almost no limit. A man can get mighty loose with money when he has that 'no limit card'.
I no longer accept his explanations concerning advertisers for the GSL. Are we to believe that of all the possibilities in this country and overseas that he could not scrape together 30 companies for advertisements? With all this time to work on this and all the 'wonderful experts' that have 'signed on' he could get no more than 14 organizations to come aboard? This is the signature make or break deal...and he's half done and has had HOW LONG to work on this....with something that's THIS important?
There are a lot of good hard working folks on this board who have hung in a long time and sacrificed to get the shares they have. I'm not ashamed to say that I am one of those people.
I've given myself a time frame and I'm going to stick with it, more out of being hard headed than anything. Isenterprises has provided the only way to play this correctly.
Best post of the whole damn day. Use the Ihub email and shoot that one to REDG-I bet you get no reply. I should sticky that straight away.
I know have no doubt what so ever that he will run this to the max and then do a RS. Can you PM that to me?
This is my reward for greed and incompetence...my greed and Mr Powell's incompetence. Gee-if I seem upset it's only because I am.
Sorry, no dice. They have had plenty of time and millions of dollars of OUR money to make this happen. People of 'great name' have been hired again and again and again.
It's time to deliver...enough b.s. and lets get on the ball. Like I said, I don't want to hear how hard REDG is working-a hamster on a wheel works just as hard.
I agree that what they had in mind takes time....they have had time. I agree that what they were doing needs money...they have had money.
It's time REDG and it's senior staff were held accountable and that means they need to answer to us-asap.
I will save your post. Forewarned is forearmed. We shall see if in that time you have a valid point or not. I'm just not there yet even if you may be right.
I need to see what happens from now till Nov/Dec in order to make a correct choice. I'm not ready to pull the plug on something with fixed deadlines that are relatively close. I've been with this a while so I will not act in haste.
Scam? No-I don't think so. Deeply mismanaged? Yes-without a doubt. Like I say, the time is coming in which we will know absolutely for sure. Deadlines are coming that will have to be met, advertisers for the GSL will have to be known. I am not ready to call this a scam-I deeply believe that REDG has potential that is being frittered away by the current CEO who does not understand the business aspects of running a company. There is no room to learn as you go.
Isenteprises(?) has the correct take on this-it's a flip many times over to get an original investment out.
Despite my disappointment in current events I will still stick to a 6 month timeline from this point. We will absolutely know at that point is we have a pig in a poke or something worth staying in.
Still-it does not change my mind on Mr Powell's leadership capability or lack of it. He has proven inept at running REDG-he needs to spend some of that note money on a real CFO to manage REDGs business affairs.
It's possible....but, this horseshit is the same ole-same ole. It's just a solid pile of bovine excrement that Mr Powell will say one thing then turn and do the opposite. These notes? Toxic in the extreme. Mr Powell's use of them over and over...damn.
Mr Campeti's(?) reference to REDG not being directly responsible for them=classless. (Made months ago).
Every act of good will and progress on REDGs behalf for going on 2 years has led us back to the same place...more dilution, toxic debt, delayed deadlines, while investors get battered with a lowered PPS with nothing to show for an accumulated investment.
Now we have to change story lines on 2 comic lines, on the fly, with the damn clock ticking the whole while?!?
Again, Mr Powell has proven to be a good idea man, but a poor business man. His many missteps have led us to this financial point with MORE debt on the way. I don't want to hear that the REDG team is working hard-so does a hamster on a wheel. There's a difference between working hard and working smart. One does not equate to the other.
It may be time to inundate REDG with emails, posts, and letters...demanding updates and news on a regular basis. GSL is the shot we have to make this right, and Mr Powell does not have a good track record when it comes to doing things on time.
" The squeaky wheel gets the grease".
Stopped buying shares a long time ago. I won't sell because I would loose my azz-I thought I was averaged down enough but know I'm not so sure.
That's right-and I've been saying this for a long time. These effin notes have screwed us over for a year or more. In the past I've called for a CFO to take over the business end of this venture.
Mr Powell is an idea man-not a business man, therefor he thinks like an artist so deadlines and finances are not his area of expertise.
I stick by my prior post of knowing what the deal is within 6 months...either they will deliver or they won't. We will know soon.
Sit back and relax. We are not going to know whether this gamble paid off for at least 6 more months. In and during that time we should know if the business model worked or is working. We should know if revenue is coming in and subsequently if it effects the PPS.
One thing for sure-there's not too many split opinions on this board. One side or the other is gonna say, "See I told ya so". I will agree with the naysayers that the current situation does not look good. I also agree with those on the positive side that count on the potential and the REDG team. We shall see who was right and very soon at that.
You might be right. If history is any indicator...you probably are, at least in the short term. You can't talk about this company unless you do in totality. The release of the GSL with advertiser revenue, the workings of certain movies, etc. I don't think you are taking any of that into account. Don't get me wrong, I hate these convertibles and have questioned there use many times.
I also understand that this company has a product(s), a business model, talent, and a hard working team. Many have made it further with much less. Based upon these facts-I've rolled the dice and I think we will do ok.
Are you telling me that this is not even a stock that hits copper? Sorry-don't believe that. Do I think this hits a dime? No...not this year or next. Do I think there is potential? Yes...and enough to hit low copper under certain circumstances. I believe that is a real assessment of the situation as it currently sits.
Yes. Word is getting around...but too slowly. Good for those that are long or are getting in early, but not good for us as a whole. A marketing blitz is what is needed to tell the whole story and get the word out. A higher PPS benefits everyone to include the company. 'A rising tide floats all boats'.
Cannot match your post with negatives. I understand why this is not going north right now and I think there are two reasons.
1) The larger trading/investing community has NOT heard of REDG. They don't know what we know or see what we see. Why? Because there has been no marketing blitz to promote REDG and all the DD that could be garnered into email promotions that tell the story. People can't invest or trade in what they don't know about.
2) Revenues. Plainly put-until they are documented they simply don't exist. Right now REDG is bleeding cash and yes I know, gotta spend money to make it, but at the moment this is still highly speculative. When revenues are documented, not speculated on but documented, then we may move north in the manner that we think we should.