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So when do we see the PR detailing gander.tv's part in this endeavor?
To get a line of credit from a bank you have to be considered a real company that is credit worthy.
AXCG is not a startup any more. Our little company is growing up. :)
That's my point. No one should be worried about the selling. This is totally normal for people who get their shares through debentures with convertible warrants. As soon as they get them they sell to get back into cash.
Their selling is not a negative on the stock. They would sell no matter what the state of affairs is.
I worked for startups for years. Usually these investors who get their shares through convertible warrants have no stomach for sticking around. They get their stock and then aggressively convert it to cash selling on the bid.
They likely want to roll the cash over into the next debenture with a high rate of return.
At least we're seeing some buying on the ask from time to time. That's a good thing.
I agree. I think this selling is coming from a party who got shares through convertible warrants.
We need some of that news that's always supposed to be coming.
I would welcome a promo. It would make for a great trading opportunity.
I don't see what your problem is?
I concur. I believe the selling and the larger than normal volume we saw last week was due to one or more convertible debt recipients of cheap shares selling.
What does lunch have to do with it? Who did you have lunch with?
Obviously someone is absorbing all this selling. Or we would be dead meat trading in the low trips.
Question who has the better info? The guy selling, or the guy buying?
How can you tell they were cross trades between MMs?
Myself too. We really could use a meaty PR about now to get the pps back up to where we were.
That's what I would do.
At the end of each TV episode I would put up. "Want more? Stream the boys events live at gander.tv"
Think about the exposure. It would set up a formula for doing for all sorts of things.
My guess is Awesomeness would produce and air a reality TV show on the four boys and gander.tv would allow viewers to online stream actual gigs they play.
This would for the first time to my knowledge join a reality TV show supplemented by online streaming. Could be historic.
If this thing kicks off on October 11th, that's Saturday, I would think gander.tv would have to announce something tomorrow if they're involved.
Bid building nicely again. Already back up to 12M shares. Trades are executing on the 'ask'.
These are very bullish signs.
The bid is building nicely. Over 16M shares on the bid.
Again I agree with you 100%. A subscription model will not work for the demographic they are targeting with Cameron and Nash. I worked for a company who sold PC security software. We found that the 25 and under demographic simply would not pay for software. Their expectation was the Internet and it's content was free. Additional as you stated gander.tv is targeting minors who do not even have a method to pay if they chose to do so.
Also as you pointed out Nash looked as if he needed direction. I think it was and is unrealistic for individuals of C&N ages to write, produce, direct, and perform a weekly one hour series. Gander.tv with this venture has crossed over from steaming events to producing content. These are two vastly different things. I think they're going to have to change the whole concept for this to work. I think this why we haven't had an update on C&N recently. They're trying to figure what this will look like going forward.
Thank you for a well thought out intelligent post. I agree 100%. I'm sure you echo thoughts of the majority of us on this board.
I hope the CEO gets the message and reacts and responds as appropriate.
The selling we've seen the last couple of days IMO is NOT dilution but the result of dilution from debentures with convertible warrants that have recently matured.
The execution of those convertible warrants put hundreds of millions of shares in the market. It's likely one or more of the individuals who acquired shares from those warrants tired of watching this stock trade sideways and decided to get out and put his money to work else where.
Dilution is when a company increases the amount of outstanding shares.
Example:
Let's say there's a company who has 10,000 outstanding shares. And you own 1,000 of those shares. You have a 10% ownership of the company.
But then the company decides it needs to raise money for operations. So it issues 10,000 more shares and the total outstanding shares is now 20,000. You've been diluted. You still own 1,000 shares, but you now only own 5% of the company.
Make sense?
It feels like someone is exiting a large position by gradually selling off shares so as not to crush the pps. Occasionally they 'whack the bid' with a big trade when they get away with it.
The question is:
1) Are they just tired of watching this stock trade sideways and are freeing up cash for potentially more lucrative trading?
2) Or do they know something the rest of us don't?
November 15th falls on a weekend so it will be after that.
Agreed, this selling IMO is investors who are traders getting out. There's not play for them here. This stock trades sideways on low volumes week after week. Owning this stock is dead money for them. They need volatility to scalp trade, or flip as people like to say on this board.
Stock prices decline for a lot of reasons. Least of which is dilution.
People on this board love that word for some reason. They use as an excuse for any decline in the stock price.
Can anyone provide any evidence of dilution, an increase in the amount of outstanding shares, other than there's selling yesterday and today?
It sounds like a very plausible theory for sure. Now if we can just get the company to put out a PR and confirm that.
Show me the required SEC filing the company must make to dilute (issue additional shares) and I'll believe what you're saying.
Unfortunately you can't because it doesn't exist.
Nice, let's get some official news on that please.
And that would be a welcome thing. I'll take a 3 to 4 tick pop.
Well the good news is the bid support at .0011 is looking good. So I think we found the bottom.
Now we just need something to kick start us on the way back up.
A little news on the Nashville expansion to get us started back up would be very welcome right now.
This will roar back the other direction soon. Great buying opportunity if you can afford it.
As I have said in the past the presence of bashers is a very bullish sign.
They're only here because they think they can drive a stock down a few ticks and it will rebound and they'll be able to make money. So they only bash strong stocks that bounce back.
If that's what this is we should start to see buying now.
To flip a stock you have to own some. To own some you need to buy some.
So the flippers should start buying at this level. Then sell at .0014 and above.
Agreed nothing ventured, nothing gained. Thomas Edison made hundreds of attempts at inventing the light bulb before he got it right. When he did get it right he changed the world.
Let's see if our good Samaritan can pull off his end of day magic and paint a closing trade of .0015.
It's even worse when they claim any selling is dilution.
If you're saying they're all scum I could agree with that. LOL