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Gregg, I respect your opinion but I take it that you really don't have any new information to share with us that would prove me wrong?
Thanks for your opinion Gregg. Do you have any good news to balance out my negativity? My crystal ball shows me Too many cheerleaders here trying to pick up a losing team in final minutes of the game.
Again no news this week.....what a great game this is. My guess is price manipulation to force Dutchess to buy shares at an artificially high price? Any thoughts or news? Inquiring minds want to know....
That's exactly the problem, NO NEWS! Nothing, nada, zip.....My opinion is that there is no revenue to report and only more accumulated debt and diluted shares hitting the market from the Dutchess capital deal.
It's dark in here and I can hear Crickets chirping...
Possible news out today?
Those are the facts, no current news from a fully reporting company who's last report indicated no revenue and continuing losses. Keep in mind that the last report actually is worse than it appears because they list "Goodwill" as an asset!
The only thing that I am not so sure of, that may not be factual, is if you have 100,000+ shares but that is what you reported.....
Positive posters with no news just want you to become a bag holder like us negative posters.
Likegold,
As a matter of record our majority shareholder and CEO of Writ only has about 300,000 shares. so someone with 100,000 plus shares such as yourself, should at least be on the board of directors?
Oh yea, and I liked it more when Gregg was the "official" PR dude. At least the stock price was higher and I got more info to play with.
I too have defended and championed Eric's work until recently. He has not met one objective from his letter to shareholders from last March. His predecessors never met any of their objectives either. Just a bunch of empty pumps. Shareholders have nothing to show except for that cool red and white bouncing ball website called Amiga or the "coming soon" Retro Infinity website. Even the bad shell corporations have a decent and professional looking website....
Plus 1 to my man Sirk, well said!
Yes sir!
Let's see if pigs CAN fly, go writ!
Gregg, sorry I was not clear on my last post. Since likegold has so much more invested in this than I do, I was expecting him to have better information on the company's financial health and business plan than I do. I was truly wanting to know what is driving him to purchase more of these diluted shares that writ keeps printing and selling?
Holy cow, over 20k invested in this and you don't have any idea of what's going on?
Gregg, my posts are "just for entertainment purposes only". The day is just about over . Stick a fork in this one and call it done.....no news, no new investors and no pump from likegold.
Look at it today, nothing to prove here. It's quiet. It speaks for itself.
It will....the little pump is over...for now
Yes, agreed. This is a very good thing for us investors that have been around for a long time.
As I understand it, it is not a takeover but a purchase of one of the one of the divisions but what the heck do I know....
Trust me, I said this is the very beginning of a pump and dump that is why you have not heard about it yet. Check out my old posts, who was the first one to "predict" the reverse split to raise share price to .10 from .0001....just saying...
Gregg,
Been a shareholder here for the last 2 years....you probably have a good idea of who I am. I know you were the mouthpiece of this company for a while. I don't know why they let you go but they should have kept you on board. You were the only positive news they had. That being said, chances are I have more money in this piggy bank than most who post here and probably you as well. I really want this to do well to try and recover my losses but I don't think it is going to happen.
Just the beginning of another pump and dump. And now for the disclaimer, "of course this is only my opinion....based upon my own research and fact finding missions".
I strongly suggest that all investors read all the reports filed with Edgar and understand the risks involved.
Gregg,
From the most recent Prospectus Edgar filing,
"If we sell shares to Dutchess under the Equity Line, it will have a dilutive effect on the holdings of our current stockholders, and may result in downward pressure on the price of our common stock. If we draw down amounts under the Equity Line, we will issue shares to Dutchess at a 5% discount to the lowest daily volume weighted average price, VWAP, of our common stock during the five consecutive trading day period beginning on the trading day immediately following the date of delivery of a put notice by us to Dutchess, subject to certain exceptions. If we draw down amounts under the Equity Line when our share price is decreasing, we will need to issue more shares to raise the same amount than if our stock price was higher. Issuances in the face of a declining share price will have an even greater dilutive effect than if our share price were stable or increasing, and may further decrease our share price".
Furthermore the Amiga games stock play as stated in the most recent prospectus
"As an example of this strategy in action, we recently purchased Amiga Games,Inc., the license-holder to a library of classic video and computer games, in exchange for 500 million restricted shares of our common stock, which increased the total number of our outstanding common shares to approximately 2.8 billion
shares, which represented a dilution of approximately 22% to our existing common stockholders".
There it is, written fact. That coupled with no news from the company, missing ALL deadlines for release of Games, The DJ AM documentary and the Brazil in 3D movies leads me to believe that my opinion is spot on about the share price being flat and not going over .20 today. It will stay dead until the company can report revenue and they sure don't seem to have anything to report at this time.........again, good luck to all. Just my opinion.
Gregg,
Just my opinion based upon education and evidence done through D&D. I hope this helps and good luck to all who have invested here.
No chance this is going above .20
Gregg, yes nice volume today.
Gregg,
I respect your opinion and input trying to defend this but I have it exactly right.I have done my D&D. Your statements are a double edge sword. If you carefully read the press release and filling from 9/16/2013 and the details of the deal, you will see that Eric states those funds are needed to jump into full scale production of products to meet launch dates. IF THEY HAVE NOT TAKEN ADVANTAGE OF THIS AGREEMENT, then they have not started production of any of the so called "Projects" Hence no revenue to report and no shareholder value.
Furthermore, If they HAD TAKEN ADVANTAGE OF THIS AGREEMENT and sold the shares to Dutchess Capital to raise money to develop and send the so called AMIGA games to Microsoft, Roku, Apple, etc., Develop Brazil in 3-D movie with English voice over, Release anything from Eagle Rock music library then THERE IS DILUTION in the market.
Doing the reverse split had me excited, because I thought it was an act to reduce dilution. Now I see that it was just a trick to get a .0001 stock to trade even lower to an equivalent of .00007
You should not get defensive and hide behind the whole fully reporting, DTCC certified entity, and in full compliance with the SEC thing. It does not fit you and all of us as shareholders deserve better performance and reporting from this group.
Just my two cents and the facts. The echo's and crickets in the room speak volumes. This isn't even a good penny play for the pumpers and dumpers anymore.
Gregg, 10,000,000 dollars worth of common stock at a 5% discount to Dutchess capital is hanging out there. It's there, it's real and that's a lot of dilution!
Rest assured, whatever news comes out will not be worth the paper it is printed on. Just more dilution and no revenue!
They can't even give this stock away,
No one wants it.
Likegold= 100,000,000? You said in an earlier post you had 100,000?
I had the opportunity about a year ago to sell at a slight profit, I kick myself everyday for not doing it, so please forgive me if I seem bitter.
I've been here for a couple of years and I paid a lot for some of my shares. I had accumulated 6,000,000 shares before the reverse split. Just to break even, the stock has to get to a $1.00 for me. It just is not going to happen.....just a bag holder here.
I only suffer a loss if is sell. I am probably the biggest share holder here and I will let it go to zero before I sell. I really think we deserve better from our management team. I was a supporter and a believer of WRIT once upon a time.......Further dilution of shares with no income is unforgivable. At this point I wonder how the heck did Dutchess capital get tricked into giving WRIT a 10,000,000 line of credit? I am not as screwed as they are.
Shares are cheap because there is no shareholder value. Just a bunch of empty promises, web sites that don't function and Facebook and Twitter feeds that talk about the "good ole days" of the Amiga gaming systems.......yawn
Tremendous downside......
Exactly, if you had all of these "distribution deals" you should be able to find product to "fill" those venues.
More like, "Dead and Gone"
And what news might that be? Please tell.