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I guess we're just talking semantics then. To me, when you say something is on schedule to be ready by a specific date, then that date is the deadline. Maybe that's just the way I look at things. But, whatever, it doesn't really matter. I just want to get this show on the road!
From the last PR:
"Glenn Laken announced today that the company has begun beta testing of the GOOD GAMING platform, and is on track to release version 1.0 by October 3rd, 2014."
That was a deadline set by the company (not to mention the previous deadlines they mentioned in PRs before it: early September, middle of September, end of September). Hopefully we see something today.
I'm sure if they are serious investors, they don't completely ignore any news on Friday. They'll check it out over the weekend or when they get back in on Monday. To me, it makes it look like Glenn missed another deadline if we don't get news today, which is not a good look when you're trying to impress the business community.
No news yet, huh?
I see you've been making friends on other boards again, eh Hyr?
This from a guy who has no idea what CMGO even does - LOL!
So this is it then. The final 5 minutes of trading without an active gaming web site. It's been a wild ride up to this point - now we see where we go from here!
I learned from another board that I'm on that IHub has started to charge to post PRs. So I'm assuming Ed isn't paying for that service so that's probably why it's not posted. IHub will post 8-Ks for free, though.
This is probably a question for MW, but assuming Good Gaming does go live tomorrow, does anyone know what time? Will it be midnight? Early morning when most businesses open? Or just whenever they get done?
It doesn't feel like the day before a big launch. Not that I've been part of something like this before, but I thought there would be a little more fireworks today if we were going live tomorrow. Hopefully tomorrow is the actual go live date.
Employees are the worst. My wife owns her own business and she's hired several people who had great-looking resumes, but when it came time to do the actual work, they were in way over their head. There's nothing you can really do until you have to cut them loose once you see that it's not working and try again.
MW is a little feisty today!
That sounds about right but that's an old figure. That was the price target a couple years ago when I first bought in (I noticed that when the price was about $0.02 back in 2012 so I thought it was a no-brainer to buy in). The rough calculations I did last year got me pretty close to that figure - whether it happens a year or two or three from now, we'll see.
This is all very exciting.
That's awesome! And the clarity on those videos are excellent too! Obviously I started with the bloodjewel one and...uh...was very impressed with her talent.
I hadn't checked in on the site since yesterday morning when it was still the old splash page. They got this thing looking nice!
I'm in total agreement. The thing that I keep coming back to is that Amazon paid close to a billion dollars for Twitch. With my limited knowledge of that web site, I feel like Good Gaming is going to be a much more robust platform and much more interactive than Twitch. If that's the case, how much would someone be willing to pay for Good Gaming? A lot more than Twitch, I would think.
Now, I know that wouldn't happen right away and a potential buyer would want to make sure Good Gaming is drawing in subscribers and is working properly, but assuming all that happens, which is not far-fetched, the potential sale price just seems mind boggling. I'm excited to see how all this plays out (no pun intended).
I thought I read somewhere that they were going to stream different things so people could watch. My understanding of Twitch is that you can only watch games on there whereas at Good Gaming, you'll be able to both watch and play. But hopefully Glenn can confirm that for us.
That's a good point. But, on the other side of the coin, this site will hopefully attract a lot of new gamers who don't have a lot of experience so I would think their input as to what would be helpful to them as they get started or what they would like to see might be beneficial as well. But it's all good - I'm sure they'll get good feedback that will make the site top notch!
Does anyone know if the beta testing is invite only? The PR made it sound like it was open to everyone, but when I go to the web site, it looks the same as before. I didn't know if we could all partake in the beta testing by going to the web site or if it was an invite-only thing. Not that I would be able to lend any kind of expertise - I was just hoping to get a look at the platform.
I think Dee should replace his sticky regarding the Alpha testing. Or, Boum could add it to his post that I stickied that has a compilation of all the PRs and I can replace that one.
What is his connection to Ed?
@sycamorefilms: At the deal table with $SEGI investors. In a good place. Awaiting audit.
http://t.co/etIkqYAVCE http://t.co/pIscUgUFSn
@sycamorefilms: Great meeting at Warner Bros last Friday. ETA on completing audit...another 2 weeks. $SEGI is in a very good place right now.
@sycamorefilms: Can't wait to get on the other side of the audit, getting close. I will share an end date this week. Thank you to all $SEGI supporters.
I've been wondering the same thing. I would have thought we would have heard by now if they were in beta testing, but maybe they're just going to come out one day with the news that the whole thing has just gone live. I was kind of disappointed with the last PR that they had to push the go-live date back from mid-September to end of September so it makes me a little nervous that it's going to now be pushed back into October. But they've still got a couple weeks so hopefully they can meet the 9/30 deadline.
What the hell is going on? Did I miss something?
Audits are usually only done for the previous year and are due 90 days after fiscal year-end (which is 3/31 for most companies since most have a 12/31 FYE). So in this case, they wouldn't audit 2014 until the first quarter of 2015. Now, I'm not sure what Canada is requiring, but if it's only the most recent year-end financials, that would be 2013. I would assume they would hire these same folks in February and March to complete the 2014 audit. They could have them review the 1Q14 and 2Q14 financials, but those are typically considered reviews and not audits. Again, I'm not sure what Canada is asking for in order to get the CTO lifted. I would hope SEGI is complying with whatever they are asking for.
I'm hopeful that the PPS will go up soon as well, at least to 002, where I can break even if I need to get out. I haven't been in this stock as long as a lot of people here probably, but what I've seen are two glaring incompetencies that is very frustrating to me as a shareholder.
The first, of course, is the CTO. I don't know too many reputable companies that would allow that to have occurred in the first place. It appears Ed was trying to slip one by them because he (or his IR guy) stated it was too expensive to do an audit so they weren't going to do one until they got busted and were forced to do it by Canada. What about filings with the SEC? I've searched SEC.gov several times and nothing comes up for SEGI - that's probably an issue that will catch up to them at some point too I would think.
The second incompetency is the revenue - I've never seen a company keep a CEO in place for this long where they record zero revenues four years into their tenure. Even companies that lose millions of dollars in a year at least report some revenue, even though it's offset by more expenses. If he's not doing his filings and not selling anything, what is he doing with all his time? It's baffling to me.
I just hope he gets it together and quick.
I found it humorous that his post mentioned up-listing. Really? How about we try to get to a penny first and then we can think about that. I don't think he really understands how any of this stuff works - he just puts out there what sounds good and hope nobody notices.
Audit update on the SEGI Facebook page. And, as I suspected, no specific timeline. Ugh.
I think the major issue, which we're all aware of, is that Ed has not been specific in his any of his announcements. On the Mantivities thing, it's great we're co-financing, but at what percentage and what kind of revenue could that translate into. The market looks for specific, revenue -generating activities in these PRs and so far, Ed has been silent in that regard. It's very frustrating (and I think the whole thing about having NDAs in place to prevent him talking about that is a bunch of bologna).
No, sorry, that wasn't directed at anyone in particular. I just saw a couple of bid whacks where it looked like someone was trying to get it down to $0.02.
It appears someone may not believe you and maybe trying to take a look for themselves!
Done Dee.
Apparently Ed has enough time to do a Facebook post about Joan Rivers but not enough time to give his shareholders any answers or updates. Nice Ed.