Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dmac, I caught Benny's blurb and hint/joke/speaking in code about Free Comic Book Day being the POWFOLIO launch day.
May 7th 2016 this year.
I don't think any of us missed it. However, if that is the date, just say it and advertise it. This is not middle school economics.
Benny's constant thinking it's cute or funny to hide things, speak in code/hint about things, and not announce them, and pull them out of a hat, etc is not funny. It shows lack of leadership and not taking the business serious.
It's bad business and it speaks to our company's ability to perform and the integrity of our leadership. Every company announces product launches, etc. If they miss them, so be it, yet it shows they are trying.
Q: When does POWFOLIO launch?
A: The POWFOLIO app has been extraordinarily well received by beta testers, and will launch as soon as it is 100% ready. Please follow updates on the official POWFOLIO Facebook page for the latest news. All we can say is VERY VERY soon! We can't wait to make EVERY day a FREE COMIC BOOK DAY.
-PI
Questions I have for Benny.
We as investors must hold Benny to a higher account. We have the right to information. He cannot keep delaying products and saying soon, soon, soon.
I would like serious answers to real questions that effect our bottom line and potential for profits. This is investment and the stock market, not middle school economics. Benny has certain responsibilities to the shareholders as the CEO of a publicly traded company.
#1 How many Markiplier comics did we sell last year? Yeah, remember Issue #1 we sold both hard copy and digital copy last year. I would like numbers to base the potential of his new series.
#2 Factoring. We were told numerous times factoring could start or did start. As we don't have GSL anymore, did we factor money we will no longer get? Do we owe anyone money we factored? If so, how much?
#3 Why did we name it Zwag-Box, a name so similar to an existing product?
#4 What are the plans for keeping the momentum going for Zwag-Box and comics after the four month special with Markiplier is done?
#5 When did you know GSL would not go and why did you delay informing investors?
#6 Why do we still employ an ad-sales team if GSL is on hold for now?
#7 What future if any do you see for the GSL?
#8 Where are we with Bandi on the video game?
#9 Where are we on the movies that you presented months and years ago?
-PI
We need POWFOLIO now!!!
We need POWFOLIO or a Launch date ASAP to keep this going.
Android should have been first. Sorry, I admit I am not an Apple fan, yet Android has 80% of the worldwide market share. Apple has less than 15%. Android is over 50% of the USA market share, Apple is under 45%.
Yes, Windows and Black Berry still exist and have market share.
Asia is all Android. As I said before, finding an Apple in the streets of Asia is like finding a Tesla in Iowa.
Mr. Storm says soon, yet we need a target date. Soon doesn't cut it anymore. Soon is a word used to often by Benny and has no meaning at this point.
-PI
Dmac, Zwaag-Bag is nearly identical to ours.
If you want to say they don't have exclusive content, true, they don't make anything. However they are not all comics. It is nearly identical to our box. If you go to their site it is games, comics, toys, shirts, etc. You can see their boxes on their site.
Marketing is key, yet again, Marki has ALWAYS been reluctant to advertise anything beyond a quick glib and it must always go to charity.
He doesn't want anything to mess with his public image...
-PI
I am likely the most unhappy person on this board, yet REDG is not a scam. We still have options.
We still have POWFOLIO. Sorry, yet Zwagbox is eh... in my opinion. Even if Marki advertises it, he is only in for all this stuff for four months so far. If he really pushes the "Golden Ticket" meet and greet, that might get more, yet again, it is all unknown.
-PI
LEVEL-II looks good for today.
Granted we cannot see what each company has passed the current ask as it only shows its lowest, yet there is a small amount at 5' and 6's as well and they are both very thin.
-PI
There is already another company Zwaag-Bag...
This is hilarious. They do the exact SAME thing except they have 366 likes on FB, Zwagbox has 7 likes...
Sorry for the sarcasm, yet not only did Benny take another company's name almost, he took their entire idea down to the contents of what they send out monthly...
If you want to see what the contents of our boxes will look like, go to their site. They show you what is in theirs.
Granted Zwag is a slang term for Swag, yet come on... Some original thought and google would have saved this issue.
This is like McDonald's and MacDonald's in "Welcome to America".
http://www.comicbookswagbag.com/
http://www.comicbookswagbag.com/about
https://www.facebook.com/zwaagbag
I am trying to stay positive, yet it's hard after no GSL, ZWAG-Box is a copycat, and no launch date for POWFOLIO.
-PI
It is interesting seeing the response to the Investor Q&A on FB. Not a lot as I think people are in shock, yet those speaking up are not negative, yet not positive either. I think I am not alone in my feelings here.
People seem to feel that GSL not happening should have been announced the same time as POWFOLIO to cover the reaction.
With no GSL and no launch date for POWFOLIO, I think we go back to 2's or 3's tomorrow.
Too bad as I bought more 4's today as I was believing the dream.
We need a POWFOLIO launch date, IN STONE!!!
-PI
100% agreed. I don't think I could have said it better.
-PI
What are your short and long term thoughts on REDG given no GSL, POWFOLIO is due "soon", Markiplier comics in July, and ZAWG-Box?
I think we are looking at a .001 - .003 with POWFOLIO, yet without GSL and the current share structure, I don't think we can break .005 until we get financials this fall/winter. Hope I am wrong.
Been too long Rex, how have you been?
-PI
Catpole, I am supportive of REDG. But Cheer leading in the blind is not the way to go. That is all hype and pump and dump tactics that flippers use. I call a spade a spade. Investors of a public company are supposed to hold the board accountable and demand information of them.
IHub is for discussion of various points of view. Nothing I have said is not true... It is all based in 100% fact.
Benny sold us on the GSL for years..... years....
GSL is not happening and I accept that, yet when you look at the projected numbers and the ability to "factor". Neither POWFOLIO or ZAWG-Box make up for that revenue or the ability to factor.
POWFOLIO has the potential to create amazing revenue and profits, yet over time... not on day one like the GSL would have. That is the issue for investors, especially when looking at predictions and exit points.
-PI
Can anyone in the BETA tell me if the Walking Dead is on POWFOLIO?
Image Comics is a partner, yet I wanted to know if Image gave us their top seller or not.
I am all Android, so I can't see it.
-PI
In the end GSL is dead and that is that. So POWFOLIO it is!!!
Not what I was counting on when I was looking at an investment, yet I will take it for what it is at this point.
We know what we have now and it is what it is.
It has changed my predictions and exit point, yet I will stay the course for now.
-PI
Benny says right in the first line, GSA and GSL (see below).
He gives some hope for later as a good CEO should, yet I think Benny now realizes it's all digital now. I don't see GSL anytime in the future. In addition saying advertisers are moving to digital like POWFOLIO is steering an unclear message.
True, they are going to digital, yet not to POWFOLIO. Benny already said the ads on POWFOLIO are already sold via another company so REDG has nothing to do with it. So to imply they are somehow going to advertise with us via POWFOLIO is flat out wrong.
So again, I ask, why are we employing ad-sales people at this point...
Q: What is the status of GIANT-SIZE ACTION?
A: We have had to put GIANT-SIZE ACTION, and the GIANT-SIZE line concept of ad-supported free PRINT comic books, on hold for now.
The GIANT-SIZE line was a bold experiment: a business model that had never been successfully executed in the entire history of comics. No new concept is guaranteed success, but like all start-ups, we did the best we could to make it happen.
We put all of our resources into launching GIANT-SIZE, but the support from advertisers was ultimately not there when it counted. Quite simply, while the initial response was enthusiastic, not enough advertisers were willing to risk hundreds of thousands of dollars from their limited budgets on an unproven print comic book publication. In recent years these advertisers have been primarily focusing on digital, and see POWFOLIO as a more attractive platform than print comics to advertise in.
Q: So is GIANT-SIZE dead?
A: Not at all. We are simply putting it on the back burner while we build relationships with the advertisers through ZWAG BOX and POWFOLIO. Advertisers were hesitant because we simply were not well-known to them. The only way to BE a known commodity to advertisers would be to either put the comics out at a huge loss (not viable without further dilution, which we did not want to do) or to do what we are now doing... become a known commodity through our other platforms.
-PI
Dmac9, you have been around here a long time and I respect you.
However, Benny clearly says it's lack of advertisers that has killed the GSL.
"We put all of our resources into launching GIANT-SIZE, but the support from advertisers was ultimately not there when it counted. Quite simply, while the initial response was enthusiastic, not enough advertisers were willing to risk hundreds of thousands of dollars from their limited budgets on an unproven print comic book publication. In recent years these advertisers have been primarily focusing on digital, and see POWFOLIO as a more attractive platform than print comics to advertise in."
That says it very clearly. The money wasn't there.
I hope the ZWAG-Box does well, yet compared to other boxes on the market, I don't see it. Most boxes are for clothing, make-up, etc. Comics are a very limited market, especially those willing to pay $200+ a year for it. You get one or more comics, a T-Shirt, and some other trinkets that you would find laying around conventions.
Again, "my opinion", I don't see it making big money. Not anything close to the GSL which would have been locked in sales revenue that could be factored against, etc.
I know we disagree and that is fine. That is what I-Hub is for.
At this point POWFOLIO is my one and only hope!!! If it's not out in the next 1-2 weeks we are back at 1's or 2's until we see launch or the July build-up for Comic-Con. The short money will run to the next shiny thing. I get they want to get as much content as they can before they launch, yet sometimes, you just have to pull the trigger and go for it!!!
-PI
Not a happy investor...
Bear with me if I don't sound happy and venting here...
Here is the deal. I am excited about POWFOLIO and ZWAG-Box. However, GSL has been the cornerstone of REDG for years and we have over and over again been lied too about it.
The last two launches we were told GSL was just short of this and that. Many of us "LONGS" said over and over again it was due to lack of advertisers yet Benny always said that was not the case... It was always a last minute issue that they could not secure that amount of funding from advertisers given who REDG is, or the current time of year we were trying to launch in.
So now we get Benny admitting that it was due to lack of advertisers all along, even though at the last delay he said he had firm commitments for May 18th.
I don't like being lied too and to be honest, Benny clearly knew about this weeks if not months ago. To wait until he could cover his arse with POWFOLIO and ZWAG is just dishonest to investors. Furthermore, what do we pay or ad sales guy for or since no GSL why do we continue to employ him?
Also, if we have been factoring for months based upon ad sales from the GSL, where did that money go and now who do we have to pay back, and HOW MUCH???
There are more questions that need to be answered.
Not to mention REDG FB still has the GSL on the top of its page, again a LIE...
Yeah, I'm not happy right now... Especially after almost four years...
The main issue with only an app is that we cannot calculate income for it. Until we see real financials we have no idea what we are making and we all know how on time Benny is with financials...
This stock may jump up, but not nearly as much as it would have with a product we could project financials for based upon ppp etc.
I really don't know what to do. Part of me wants to sell since I am at my break even point and I DON'T TRUST BENNY, yet another part of me wants to see how POWFOLIO does. In my opinion, ZWAG will not take off and the GSL was the monthly income we were counting on...
On thing is for sure, I was considering holding for the long term game, yet I think my time with REDG is coming to an end this summer.
-PI
There has been ZERO discussion of a RS.
Benny has said multiple times he does not plan on a RS, yet maybe a stock buy back instead as he did before.
Now, in "my" opinion, a RS is inevitable with this share structure. However, it doesn't need to happen anytime soon.
Eventually, once we have revenues and fingers crossed, profits on paper, that would be the best time to do it as they would support the new share price. Investors should feel no impact if the numbers support the new price. It is all about timing...
If it happened now with no revenues or profit to support the new inflated share price, it would tank and be a disaster.
Yet again, there is ZERO discussion of that at this point in time.
-PI
GSL??? Benny, when and where is it?
I find it a little disingenuous to say May 18th and not say a word since. He updated the FB cover photo with POWFOLIO and the GSL covers, yet the new REDG homepage says nothing about GSL. In addition, Benny says GSL will be on POWFOLIO, yet there might be a delay between digital and publishing...
Where is it Benny? If it is delayed, cancelled, or happening, with less than a month to go, we should know.
yes, yes, I am excited about the rest, yet the GSL was supposed to be and will be if it happens, our primary source of income.
-PI
Mr. Storm said POWFOLIO is ready to go.
That means Glowdot just needs to get the go ahead from all parties involved to launch. So REDG aka Benny, and whoever else is involved.
I am sure we will have a Launch Date this week or next. I am hoping for May 1st or May 18th with GSL at the latest.
However, I will take sooner as well
-PI
I forgot to tell you...
To be honest, out of everything that I have seen in the last week with REDG, Glowdot, POWFOLIO, etc it what Mr. Storm said in the last 24 hours that has me excited.
POWFOLIO is planning a MANGA section... Manga outsells comics hands down. The American comic market doesn't hold a candle to the Asian Manga market. Attack on Titan, etc... and America has a hug Manga following itself.
However we need to get Android up and running as Android has about 80% market share worldwide. Apple isn't very big outside of the USA and parts of Europe where it holds about 45% market share.
Finding Apple in Asia is like trying to find a Tesla in Iowa. Asia is dominated by LG, Samsung, Sony, etc. All Android.
Come on POWFOLIO for Android.
This is what got me excited...
-PI
You can pay for it with different brokerages and firms, yet I get it for free with TD-Ameritrade.
I don't think Scottrade does LEVEL-II for OTC, yet I could be wrong on that.
LEVEL-II is a must have for OTC trading. If not, you will lose every time...
-PI
There are no 5's on the LEVEL-II. It goes right to 6's and there are only 1 mil shares there. If someone could plow through the 4's who knows where we go!!!
-PI
Movement is the hardest question we have. Two years ago, I would have been much more confident with my predictions, yet with the sheer number of outstanding shares, it makes everything so much harder to predict.
Then we have the outstanding problem of Oceana and others who can just drop in and dump millions or hundreds of millions onto the market. The borrowers, etc are not in the business of long term holding/gains. They have a formula they use to borrow and take a percent profit if they can. Many borrowed and were issued at .0001. I can tell you they will take .0004 in a heart beat and move on to the next account. They are not looking at this board or potential if they held it for a year etc. That is not what they do or why they are in business.
My predictions based upon what I have seen and I am going to go conservative here. If Glowdot gives us a launch date this week, I think we will see .0006 - .0008 by Friday.
When we launch I think we will see .001-.002.
I think we will sink back down after that until we see how the GSL goes or doesn't go in May. If it launches both on POWFOLIO and in TRU I think we go to .005-.006 and again go back down after that push.
When the Markiplier Comics comes out and Comic-Con announcements/traffic I think we could MAYBE see .008 yet that would be the top I would ever be willing to go based upon the current share structure.
If we get POWFOLIO numbers, users, paid accounts, income, and SEC financials later in the year that show profit and debt being paid down we could see $0.01.
As I said there are too many outstanding factors, flippers, new shares, buy-back, reverse-split, new/old debt, Benny factor. Yet as I have held REDG for I think close to four years now and everything I have seen. This would be my guess.
Again, I am always glad to be wrong and see it go higher, yet a massive pump and dump is not in our best interest either.
-PI
You are doing a great job thedocg!!!
Don't think I am coming down on you at all
Your message just happened to be the one I clicked reply on. I have seen all sorts of numbers flying around the last week or so. We saw the same thing around every potential GSL Launch and they all proved to be wrong and not because of the failure to launch.
The BIGGEST mistake in business and planning is people overestimate their customer base and projected profit and growth.
I don't want us to do the same thing.
-PI
If we are going to start using numbers to calculate figures, can we please start using Markiplier's "realistic" numbers.
Marky doesn't have 12-13 million followers. He has about 4-6 MAYBE... We should use 5% of that, not 12 million.
If you look at his videos, he averages 1-2 million views per video, not 12 million.
Furthermore, youtube followers are not an accurate count. Its full of every kid with a smart phone clicking like and subscribe. My 12yr nephew is on his 5th youtube account and has Marki followed on all of them. All of his friends are the same way.
The point I am making and with my previous post is, I believe in being accurate and realistic, not puffed up numbers and random math. We should be using conservative math when estimating figures.
Ihub is supposed to be a discussion and board and to offer advice, facts, and opinions, not pump and dump.
I want REDG to do well just like everyone, yet I don't want to make money off selling false hopes to a new OTC investor either.
-PI
We will sit between 2's and 4's until we get a firm POWFOLIO launch date.
The short-term money jumped in last week as they saw the potential for a POWFOLIO launch this week. Now that Glowdot has said it "hopes" to have a firm launch date this week they have put REDG on hold, yet they are still watching it.
Short-term money is what we need to move this stock and it will be back, yet not until we have a launch date. We will see even more once POWFOLIO launches.
Short-term money trades on hype and technicals. The technicals don't support an investment, so we need hype. We had it going into the weekend, yet lost it with no update and no launch announcement.
We need a Launch Date or POWFOLIO Launch itself...
Promises and pictures only go so far if we want to see REAL movement.
I bought some 4's yesterday to try and help, yet I should have waited for the 3's, I saw some 2's go today for a brief moment. We will hold here in my opinion until we have further news.
For once, I hope I am proved wrong...
Come on Glowdot, kick Benny in the arse and demand permission to hit the BIG GREEN BUTTON that says UPLOAD/LAUNCH app...
-PI
Already #23 on the Break-Out Board today!!!
and #31 on the most active board in the last 24 hours.
-PI
We have until the end of the week for POWFOLIO then we will be back at .0001.
REDG has gained massive interest several times over the last several years, including since we have hit the very bottom. Each time we go up a few ticks and get on the Breakout Boards, etc. Then we end up missing the target or silence from Benny.
People in the OTC market use quick money and don't like to sit long term. In my personal experience it lasts about a week before people will dump and move on without additional news, usually on Friday afternoon.
We need Glowdot to hold true and release the update and/or the final product this week to keep people's interest. If not we are going to go right back down since we have nothing else until the "possible" GSL release in mid-May.
Do I want it too, of course not, I even bought more today in the 4's to help prop it up, yet it didn't help overall.
-PI
It's like my Social Studies teacher always told us.
History always repeats itself.
-PI
Copy Paste of today's Security Filing.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 02)*
Red Giant Entertainment, Inc
(Name of Issuer)
$0.0001 par value common stock
(Title of Class of Securities)
75657W107
(CUSIP Number)
Calendar Year 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 75657W107
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Typenex Co-Investment, LLC
20-0495695
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
466,878,988*
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
466,878,988*
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,878,988*
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99*%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
FOOTNOTES
*On the date of event which requires filing of this Statement, reporting person Typenex Co-Investment, LLC ("Typenex") has rights, under a Convertible Promissory Note and Warrant, to own an aggregate number of shares of the Issuer's common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer's common stock that Typenex may own, would exceed such cap. Typenex's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's common stock beneficially owned by Typenex as of the date of this filling was 466,878,988, which is 9.99% of the 4,673,463,343 shares that were outstanding on that date (as reported in the Issuer's Definitive Schedule 14C filed on October 29, 2015).
CUSIP No. 75657W107
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Red Cliffs Investments, Inc.
46-2676148
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
466,878,988*
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
466,878,988*
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,878,988*
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99*%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
FOOTNOTES
*Reporting person Red Cliffs Investments, Inc is the Manager of reporting person Typenex. On the date of the event which requires filing of this Statement, reporting person Typenex has rights, under a Convertible Promissory Note and Warrant, to own an aggregate number of shares of the Issuer's common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer's common stock that Typenex may own, would exceed such cap. Typenex's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's common stock beneficially owned by Typenex as of the date of this filling was 466,878,988, which is 9.99% of the 4,673,463,343 shares that were outstanding on that date (as reported in the Issuer's Definitive Schedule 14C filed on October 29, 2015).
CUSIP No. 75657W107
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JFV Holdings, Inc.
36-4426825
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
466,878,988*
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
466,878,988*
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,878,988*
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99*%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
FOOTNOTES
*Reporting person JFV Holdings, Inc. is the sole shareholder of reporting person Red Cliffs Investments, Inc., which is the Manager of reporting person Typenex. On the date of the event which requires filing of this Statement, reporting person Typenex has rights, under a Convertible Promissory Note and Warrant, to own an aggregate number of shares of the Issuer's common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer's common stock that Typenex may own, would exceed such cap. Typenex's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's common stock beneficially owned by Typenex as of the date of this filling was 466,878,988, which is 9.99% of the 4,673,463,343 shares that were outstanding on that date (as reported in the Issuer's Definitive Schedule 14C filed on October 29, 2015).
CUSIP No. 75657W107
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John M. Fife
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
466,878,988*
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
466,878,988*
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,878,988*
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
FOOTNOTES
*Reporting person John M. Fife is the sole shareholder of reporting person JFV Holdings, Inc., which is the sole shareholder of reporting person Red Cliffs Investments, Inc., which is the Manager of reporting person Typenex. On the date of the event which requires filing of this Statement, reporting person Typenex has rights, under a Convertible Promissory Note and Warrant, to own an aggregate number of shares of the Issuer's common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer's common stock that Typenex may own, would exceed such cap. Typenex's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's common stock beneficially owned by Typenex as of the date of this filling was 466,878,988, which is 9.99% of the 4,673,463,343 shares that were outstanding on that date (as reported in the Issuer's Definitive Schedule 14C filed on October 29, 2015).
Item 1.
(a)
Name of Issuer
Red Giant Entertainment, Inc.
(b)
Address of Issuer’s Principal Executive Offices
614 E. HWY 50, Suite 235
Clermont, FL 34711
Item 2.
(a)
Name of Person Filing
This report is filed by Typenex Co-Investment, LLC, Red Cliffs Investments, Inc., JVF Holdings, Inc., and John M. Fife with respect to the shares of Common Stock of the Issuer that are directly beneficially owned by Typenex Co-Investment, LLC and indirectly beneficially owned by the other reporting and filing persons.
(b)
Address of Principal Business Office or, if none, Residence
303 E. Wacker Drive, Suite 1040
Chicago, IL 60601
(c)
Citizenship
Typenex Co-Investment, LLC is an Illinois Limited Liability Company.
Red Cliffs Investments, Inc. is a Utah Corporation.
JVF Holdings, Inc. is an Illinois Corporation.
John M. Fife is a United States citizen.
(d)
Title of Class of Securities
$0.0001 par value Common Stock
(e)
CUSIP Number
75657W107
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)
o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
o
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).
(k)
o
A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: N/A
Item 4.
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)
Amount beneficially owned: 466,878,988
(b)
Percent of class: 9.99%
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote: 466,878,988
(ii)
Shared power to vote or to direct the vote: 0
(iii)
Sole power to dispose or to direct the disposition of: 466,878,988
(iv)
Shared power to dispose or to direct the disposition of: 0
Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .
N/A
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
N/A
Item 8.
Identification and Classification of Members of the Group
N/A
Item 9.
Notice of Dissolution of Group
N/A
Item 10.
Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Typenex Co-Investment, LLC
Date: April 18, 2016
By:
/s/ John M. Fife
Name: John M. Fife
Title: President
Red Cliffs Investments, Inc.
Date: April 18, 2016
By:
/s/ John M. Fife
Name: John M. Fife
Title: President
JFV Holdings, Inc.
Date: April 18, 2016
By:
/s/ John M. Fife
Name: John M. Fife
Title: President
Date: April 18, 2016
By:
/s/ John M. Fife
Name: John M. Fife
Footnotes:
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
This is how I see the rest of the year...
#1 The run to the release (current situation).
#2 Once POWFOLIO goes live we will see a good run.
#3 GSL release or delay could help or hurt us (May 18th).
#4 Markiplier Comic last week of July should help us.
#5 News from Comic-Con should help us (end of July).
#6 All the OWED financials and debt could help/hurt us.
#7 Possible financial reports showing revenue at the end of the year.
-PI
#12 on the Break-Out Board.
Not bad. Just keep spreading the word everyone. I know REDG is on a lot of people's radar right now.
-PI
I broke even today after years of loss!!!
My break even after averaging down for over a year is/was .0004
This is just on anticipation for the releases coming up. Very excited to say the least. I plan on selling 50% at .0008-.001 so I can walk away clean and let the rest ride.
-PI
Looks great and thank you for doing this.
I have been hoping someone would do this before release.
My only change would be to remove the free comic book day picture towards the bottom as REDG does not participate any more.
-PI
Someone just bought lot at .0002
72 million shares today and the bid dropped. Someone jumped from the 1's to the 2's.
-PI
REDG FB page is updated with a new banner picture.
It says March 5th, yet I don't remember it changing... Maybe I am old and now trying to follow REDG FB, The Investor/Fan FB, POWFOLIO FB, and IHUB it's all running together...
https://www.facebook.com/RedGiantEntertainment/?fref=ts
It shows POWFOLIO and all the comics are GSL...
Could it actually all be coming together after years of waiting?
Knock on wood, I can't get my hopes up again, I can't do it...
I feel like the child who's dad left when he was 5 yet every year thinks he will show up at my birthday party... Sometimes you can be surprised though.
-PI
If you look at Level II there are not that many shares for sale. the current ask at the 2's and there are some random ones here and there much higher, yet they are like 10,000 and 20,000 shares.
This stock could move up fast. Granted once it moves flippers will start their thing, yet with such a small resistance on the ask, it could move up a decent amount before anyone realizes it.
-PI
I think the days of getting 1's is over.
I am glad I got a nice chunk on the last big day we saw a few weeks back, yet I still have an open order for 1's. I think I might have to move that to 2's to get filled. With the BETA update and Glow-Dot saying they are only going to do one or two BETA updates before release, I think I have to move sooner than later.
-PI
Since I am an Android man myself, I cannot see the BETA.
I did see in several of the photos comics by Image Comics. Image is the publisher of "The Walking Dead" comic. Is TWD on POWFOLIO or going to be? If it is, that would be HUGE.....
-PI
POWFOLIO BETA is a go!
https://www.facebook.com/powfolio/
Glowdot Productions and Red Giant Entertainment, partners in Folio Entertainment, have some exciting news to share. Apple has just approved our preview BETA and we will soon start adding our first testers!
Even at this early stage, with the majority of our focus being on technology before content, our team has put in an incredible amount of work, working day and night, to get comics in. We can currently boast over 1400 FREE to read issues. This is just the beginning for Powfolio, and yet it represents double what Comixology offers in terms of free content.
If you want to be a tester: please send an email to info@powfolio.com including your name, and the email associated with your iTunes account (where the invite will be sent). If you are selected, you will receive instructions on how to install the Powfolio Beta to this email address.
We still have some work to do before we launch worldwide, but we are incredibly excited to share this preview beta version of Powfolio with you.
The Powfolio Team
-PI