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You have identified the problem as you see it. Please share your solution. Waiting patiently....
Ok. What are your suggestions given the senario you describe?
Fella's-you are working overtime to try to convince a guy who will either not be convinced, or wants awfully hard to be.
There is not one person who has been on this board for over a week that does not know how I feel about the convertbles-I'm not going to hit on it again...right now.
I am also worried about a RS-you'd have to be crazy not to be. It's coming for sure but the biggest deal is when, and at what PPS, not if.
The news and whats in the works may counter balance this concern out. It's a risk...still a huge gamble and I believe that is recognized by all. We wait and see.
A great close! Something to be positive about. Many good things ahead. Does not change my estimation concerning the timeline to profitability-but is a great step forward.
It would be great if these were the first steps forward to to better days. Have a great weekend. Won't be here next week-got surgury to deal with...so my best to all!
Ok. Given the circumstances we are in what proof is there to the contrary? The fact that this company has potential and we can see this in the spring of next year does not negate the fact that Mr Powell does not run the company for our benefit...but for his own. This is right and proper for US to have a chance to be successful-it is also right and proper for only REDG to be successful. I believe that is the reality of the situation. When the reality changes I will be the first to acknowledge it.
I did re-read your post and then went over some of my own. You were right, and I have been hitting this subject hard. This is due to frustration. I will attempt to take a more positive tone because there is much to be hopeful for. GLTA.
Guys-You can't miss something that you had no intention of making. What sort of news could Mr Powell give us that would improve our lot?
Confirmation of revenues? Nope, not yet. Confirmation of the number and quality of advertisers? No-they are still closing that part out. (Good). An agreement with another company? Maybe. What good is that w/o rev's? No good...not yet at least.
The only thing that is happening for sure is that Mr Powell is spending money from the convertibles,(ie; our money) to make a go of this. I will say he seems to be spending in a responsible manner, takes a modest salary, and meets expenses while looking to expand in areas that REDG can expand in.
Remember that this is Mr Powells dream and he will make this come about if every share runs through the convertibles. He cares no more for the share price than a breeze. If he makes it by running us over-he will do it. If REDG is a success and we profit also thats fine to-but is not necessary in his mind.
Don't think that Mr Powell believes we are all on the same team because he absolutely does not believe that. Even the most ardent REDG advocate will cash out at some point-but Mr Powell will still be running this company. We are the 'temp's', the ATM machine, and serve the purpose of providing the funds to lift this up and make a go of it.
Oh yeah...spring is a good time frame. Think of this for just a moment. We get concrete proof of the GSL coming out, a time frame, and an agreement with TRU. The PPS spikes a bit, then actually goes down to our current level. Dilution and day trading take the toll, more convertible notes are discovered,and once again we are back where we were.
The GSL comes out in Nov with Net30-120 coming after. Lets split the difference and say Net60, we then have to wait for those revenues to be confirmed through financial statements. When those revenues are confirmed-then and only then-do we take off.
PRs, twitter posts, rumours,...none of that matters w/o money in the bank. So, I think spring is about right. Don't forget that we will be getting diluted until next spring as well- which can be dealt with by incoming revenue. I just don't see the PPS moving more than a few ticks given these circumstances...just the situation we are in.
The waiting part we are already doing-so to wait until next spring is frustrating, but hell, we're already here so why not?
Majic, have continued buying or just stood pat with what you have?
I don't think I'm being negative-I guess I'm making an educated guess on what we have seen and how the market is reacting to the news, NDAs, etc. As of right now I think that people are not yet sure that REDG is going to make a go of this. The PPS pops only to return to a set price range-so anyone would think they still have plenty of time to jump in if this turns into 'the real deal'.
I have often said the the notes really hurt us bad because there is the reality of them along with the perception of them. The perception is that there will 'always' be shares at this PPS because the dilution seems to never come to an end...so why buy in when there is no profit to be made?
The reality of these notes is almost as bad. I understand why they are needed-I don't understand why there must be so many of them. Then there is the deal that most don't understand. 'If REDG has a deal with TRU, and there is money coming in and at net 30-90, why do the convertibles stretch into 2015??'
When folks feel that they will be 'ambushed' by dilution if they buy in...they don't buy in.
I think we should know something concrete by spring of next year. These are my thoughts.
No. We will not go anywhere w/o revenue. Too much dilution and no income...this goes nowhere near a penny until that time comes. As a matter of fact we won't go much higher from here-maybe a bump but not alot more. This is not bashing, this is practical experience that says most folks will not buy into dilution or into an uncertain situation.
I think in the long run we will be fine-but it could be 6-9 months before we see book revenues from the GSL. If we went by what most of the board thought after FCBD, recent news, and the approaching comiccon...the common consenses was that we would be at or over .01 right now. That of course never occurred.
Looking for a return 6 months to 2 years from now? This may be it. Looking for something in a few weeks time, even months? Probably not.
Sorry, no. We do not need Beamin1 to 'grace us' with his presence. He comes on here every blue moon-posts a few sentences and is gone. Ask him a few tough questions and you won't hear from him. He's an ok guy but not a regular contributer to this board.
The best DD comes from Coop, Majik, Ragsy, and some other dedicated posters...not from a guy who became moderator to delete negative posts about himself.
If your plan is to hold your shares-then hold em. As far as who to listen to? The regular posters on this board have done far more DD then Beamin-if you're gonna listen or follow anyone...go with the guys that have done the lions share of the research...and brother, it ain't him.
It seems that the more advertisers taking out ads at a 30CPM the better for REDG and for us? Each ad page rates a 30CPM, correct? It seems that we should be seeeking as many companies as possible with deep pockets. What is a break even point here..about 530k per million?
Boils down to how many advertisers are getting in the GSL deal. Not only to break even but to make profit. I don't think we see confirmed revenue for about 9 months.
Revenue from movie deals? 2years is my estimation.
I love the Last Blood storyline...what a tale to tell if it's possible. How come the Last Blood picture and storyline is no longer on the announcement section for Ihub? Noticed it was gone a few days ago. Any answers?
Yes. For better or worse we are here. Of course we hope for the better as time goes on. You know Ragsy, sometimes I feel as if we are on the cusp of something-right on the edge of success...and there are other times I feel as if we are being used badly. I know your stance on this situation..and I respect it...but I'm really at the crossroads concerning what will occur in the next few months.
I see what your saying but how do you get millions of new eyes to see REDG? You pump it. The people that come in will do their DD and can pretty much determine the potential this has. A pump is a bad thing if the company has no standing, no potential....we have both in abundance. What we do not have is exposure, eyes that bring capital, or an effective communications network.
Could also be true. Yes
I'm pretty sure the companies you named were pumped by several entities that are paid to do that sort of thing. REDG disavows that sort of thing, so that option is out. A pump serves a purpose besides the rise and fall of the PPS. It would bring new eyes onto this company, new money, and enough capital to wipe out the toxic funding-but Mr Powell will not take that course of action.
It's really too bad because we know the possibility of what may occur...the problem is-is that not enough people know what we know. If this thing were to run hard for a few days-and people knew why, a lot of them would stay and thereby build a stronger investor base.
Good post. Revenues are the ONLY thing that stops this slide. Not news. Not PR. Not twitter posts. Not promises.
Hate Mr Powell? No. Realistic about this situation? Yes. He is doing whats good for himself and REDG. It remains to be seen if those actions are also good for us.
Yes. That is a possibility. They also have potential which is why I, and I suspect others, are hanging in. Only time will tell at this point. It's a fools errand to sell at this point with so much coming down the pipe. Reality is the best bet at this point.
I can most assuredly predict a RS somewhere down the line-if it comes at a much higher PPS that's something that woudn't be all that bad. Anywhere in this range or below, say, .05, the gig is up.
Mr Powells lack of communication with us creates a void and voids are usually filled with negativity-human nature.
I would think that folks who believe that Mr Powell thinks we are an important part of his success would be in for a bit of a surprise. Revenues first? Reverse split first? We will see.
Not bashing-just the reality of this situation.
This is the sole reason I will not buy any more shares-I'll stand pat with what I have and hope for a good outcome. I'm a bagholder and have no choice.
Thanks. Pretty much as I expected to see. People want to jump in-but are put off by the toxic funding. Those that are in already are concerned about it. Revenue? Dilution? Reverse Split? NDAs? All up in the air.
I don't have a facebook acct so I'm not privy to what is being said. I don't imagine that Mr
Powell is going to change his plans due to disgruntled investors-many of whom are bag holders, must average down due to dilution, and see no end in sight to these convertibles that plague us in reality and perception.
A huge part of being a CEO is communication-we must be on the bottom of that list. We are not part of REDG as far as Mr Powell is concerned-we are a like a temp service that comes and goes. We serve a purpose and that is it.
There is no need to communicate with us because in Mr Powells mind we are just,' hangers on'. If an investors gets disgusted and leaves-he is easily replaced by the next guy that buys shares. If the PPS goes up to a certain point, even the most ardent REDG supporters will cash and go.
Mr Powell is here to build a company and a name for himself. If we get run over while he does that-fine. If we become hundredthousandaires-fine. It's just not somethiing he cares about at this point. It is what it is.
Mr Powell cares no more for the PPS or the stakeholders of this company than a breeze. He has a plan that he is sticking to-and if that includes REDG making it while he dilutes and then hits us witha reverse split then that is what he will do. We would be collateral damage...we play a small role in his plans other than a ATM machine.
If he can make it and we also happen to succeed-then that would be ok also, but not a necessary thing in his mind. He is bound and determined to succeed and will probably do so. We are a means to an end here.
The REDG team is talented, smart, and savy...and it should be evident that we are not considered part of it. We must hope that revenues come in and we are rewarded before Mr Powell takes actions that decimate us further to REDGs benefit.
It is all about the company and I think if we remember that it may put things into perspective.
My thoughts are that Mr Powell does not much care about what the effect of these notes does to the PPS or to investor holdings. He has a plan, knows what he wants, and will see it through no matter what the cost to you, I, or any other stakeholder. He is either incredibly focused or is ignoring the present scenario because he has that plan.
The outcome of the success of that plan is that the PPS may go up and therefor the pain and uncertainty we are in right now is of no consequence to him-or we are being drained dry.
I have no doubt that Mr Powell will do what is right for himself, after all he has 140 million shares. But, in what is doing right for himself-does he also do what is right by us?
Are the shareholders of REDG to be used as a means to an end-only to be cast aside by dilution and an inevitable reverse split once the shares are all diluted...OR does the rising tide raise all boats?
The news is good-the business end for us is bad. Flip a coin folks!
I have serious concerns that the dilution from these notes will lead to a reverese split. Where else do you see this going? I want to say up but it's not happening. Jesus guys, if this big news on Friday caused us to go backward and the dilution just cycles one into another..we are looking at least at another 6 month hold to maybe pull something out of this.
Damn it Mr Powell-why the hell do you need these notes with such a big deal all but signed, sealed, and delivered so to speak?!
Lol!! The only news on dilution is the same news as before....it's happening.
Same ole-same ole.....we were chewing this fat last week and the week before. This goes up when dilution ends and money comes in. Dilution is not ending and money may be coming in by Dec.
Here's to a great week everyone. Orange Juice toast to continued good news leading to a pathway to success.
Oh, shit! Now that's some real back in the day DD! If that's the way we're thinking then for sure someone at REDG has got to be thinking along those lines as well. As the possibilities start to become evident it becomes a much more comfortable senario of a good outcome.
While the notes bother me-and they always will-with ideas like this and others ,an investor could see the means to overcome this toxic funding. As I said it would be great to not just 'hang in' but 'hang on'.
A GREAT explanation-worthy of a sticky on the board. It would be great to make the switch from 'hanging in' to 'hanging on'!
I would counter that by saying that advertisers know that their ads will be seen only by those who buy Marvel or DC books. In this instance, going into this, the advertsers understand that the books are free and will reach a much wider audience. One million sets of eyes means almost just that. Nobody buys anything, and folks love free stuff. As far as CPM is concerned i can see where 30CPM would be acceptable given those circumstances.
Great! It's always a good thing to have someone with some inside knowledge. Given our circumstances what numbers do you see in regards to companies that may advertise?
At 30 CPM the real question becomes how many advertisers will bite into this? 10? 15? 20? More/Less?
I can see why this may have been delayed and if so-it was a VERY SMART move. When companies understand the type of exposure they could have and at the time of the year it will come...REDG may be the one struggling to pick who they can put into the giant size and not just any ,'Johnny Come Lately'.
I am also led to wonder how many calls from companies were fielded by REDG after the agreement with TRU was made public. I wish we knew more. I hope this plays to an investor advantage as well as the company we have invested in.
I'm sorry you feel that way but I appreciate your take on things. It has always been in my nature to ask questions and raise senarios. If you have gone through my recent past posts I have been optimistic, but cautiously so.
I too have been here long over a year, going on 2 years now, and am eager to see some sort of ROI. As my holdings are not as substantial as yours I could not retire at .05, but still my investment in this is substantial for me as I'm sure yours is for you. With such an investment it is prudent to raise questions and seek answers.
This board is an extra ordinary forum to ask those questions and get those answers.The folks here are good people. I hope to meet some of them someday should a 'REDG Investor Get Together' ever be realized.
Do you understand the damage these notes cause us? They kill every run, dilute the value of our current holdings, and force us to buy more stock to either average down or in the hope we get the payoff at a much lower PPS.
I will not deny there has been great progress, however, I beg the question, 'where is the light at the end of the tunnel concerning the use of these convertibles?' Rightfully so, they are of great concern.
As far as Mr Powell being paid-damn right he should be compensated. He has worked hard in making his dream come through. His being compensated was never an issue with me-I did not bring it up. A man should be paid for his work.
I remind you though that as hard as the REDG team is working to bring this to fruition-is as hard as we have already worked to purchase the stock that allows for these convertibles to be used.
Ever heard of,"Trust but verify?"
If Mr Powell would acknowledge our sacrifice, come to us with future plans that lay out a pathway to success...an investor communication...don't you think that would be helpful? I do.
Many people say they don't trust Mr Powell for real or perceived past indescretions concerning his business dealings. I don't think it's as easy as all that when the full set of information is not known or is gained only in snipets. Therefor I will not judge but I will ask questions.
I trust Mr Powell to do what is right for himself because he has skin in the game. Does this mean he will do what is right by us-or use us as an end to his means? As of now-I'm not sure, so I ask questtions as a means of seeking opinion and DD which the folks on this board have proved very good at.
I'm not unduly worried about the arrangements with TRU as I would expect terms to be heavily weighted in TRU's favor. To get our foot in the door is a huge step-success breeds success. The other advertisers will provide the revenue to make this line profitable.
I do worry about the prolifigate use of convertibles which shows no sign of slowing down. The terms are horrible and the stock is diluted to the point where most any investor that jumped in above .01 may not break even. (Not to say there's not money to be made flipping on spikes/runs) . What happens if the remaining authorized shares are issued via convertibles? It looks as if we are heading in that direction. Would the share structure provide any chance of advancement for investors?
I guess the biggest question becomes, when does the revenue come in?
Too many, 'what ifs'. Can someone project the revenue from advertising off the Giant Line given the million books that will be given out? Not a moon shot, but not a low ball either.
The Magica movie at 9.99? Don't see that. We've got a TRU right in our city and I'll buy one for my grandson no matter the price...but an animated movie for 10 bucks? I think if they lowered the price a bit it would be more attractive .
So, between advertising and the animated feature-what do you guys think we're looking at for ballpark revenues? When do you think we see those numbers officially?
Those are valid points-still all will be inconsequential should the share price get into a sustained range of say, between, .03-.07 sustained. I do have worries though. With the share structure the way it is now, the past, current, and the future share dilution, will we get to those ranges again? Not sure but hopeful it can and will be done.
We have a long climb to copper as shown by Fridays market action. Since it has been done already due to a pump, I have no doubt it can be done organically-albeit at a much slower pace.
Still-it is what it is. Can't go back in time. The only thing we can do is wait it out and hope the right moves are being made. It looks as if very great things are on the verge of happening and that in itself is worth seeing it through.
Where do you think we would be at PPS wise w/o the dilution of the notes? Understand, I am not saying that some were not needed because after looking at some of the explanations as to why they were used...I get it.
Much has been made of insiders not selling their shares-very commendable and a good sign. But I have to ask would financial needs of REDG not have been met if Mr Powell had cashed in some of his own shares for operational purposes if the PPS were say, between, .01-.05 or higher?
When looking at the amounts gained and the terms of repayment, would there not have been a greater gain for current and past operations if the PPS had been allowed to rise of its own volition and then the company had used its shares to fund operations. Is this allowed? A combination of some sort?
Honestly, I had thought along those same lines as well. I'm sure the sttory line had to change some to not be as suggestive or as graphically violent.
Kids have changed alot in the last 20 years-they are more worldly, and exposed to greater levels of the adult world far sooner than in the past. I would suspect that REDG products are no more suggestive or have violent content than other products that TRU stocks on its shelves. I mean shit, look at the the hit show, 'The Walking Dead'-storyline is violent and graphic yet some of its biggest fans are kids.