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Again, nobody here cares about Kick-Starter. It is not news for this board or this investment.
First, your only comments against Benny are his so-called failed Kick-Starter projects. It is the only so called evidence you can produce that calls him a fraud. The rest is just being a JV CEO, which we all know he is.
Second, everything you are linking all seems to be the work of one person "Gerard van Schip". All the updates you link us too are his, and the youtube video is one he made.
Van Schip clearly has a personal axe to grind against Benny with his constant "call to arms" against Benny. Oh no, he is out a few hundred dollars from a failed Kick-Starter campaign (which there are thousands of).
If that amount of money is so important to him, he should not have used it for Kick-Starter or maybe he is after the principle of the matter... I would say, welcome to the real world...
If Gerard van Schip cares so much about this he should follow Kick-Starter's advice and seek legal action. It only costs $65 for small claims court at the local level and he can go out of state for about $110 if he wants to seek his donation back. He can add the court filling fee to the the "seeked" amount as well. I am sure Benny would be more than happy to cut a single refund check for someone who actually goes through the effort of court.
So can we please have an end to the Kick-Starter links and updates...
-PI
I have been around here for years Duke, one of the oldest on here for REDG. I only joined I-HUB for REDG, as I originally tried to assist in D&D. Prior to that, I read the board for months before signing up. I just don't get into the daily fingers crossing or bashing on here.
I am well aware of JNH, it's just... let me say it this way... I don't care about kick-starter or failed books for it. Penny-stocks are a numbers game, perception, and potential. Not reality. If you want solid numbers and facts, go trade blue-chips on quarterly reports/earnings.
I don't defend Benny, I gave up on that a long time ago and even had a phase where I called him out. However, he is following a business path at this point which provides for the possibility to succeed. REDG is high risk and I am a high risk investor.
It's Benny's way of doing business that is odd, yet once you see how he operates, nothing he does surprises you.
I said over and over again, the delayed launches were from lack of ad sales. Therefore, the fact that he has finally cut the number in half, tells me he is working in reality these days instead of a dream world.
Benny has a great mind and is good at what he does, yet I fully agree he is not a CEO, but he is what we have for now. In addition, he has said if he could go back and change going public for funding, he would. I respect that honesty and it tells me why he operates the way he does and how to approach him.
I actually do think Powfolio will happen and the GSL will as well. Do I think there will be an overnight 1000% increase, NO. Yet, I do see REDG running and a good potential to make money both short and long term.
-PI
Thank you for the link.
I have never looked at that page before. Now I know where all the trolls on here come from. They are all JNH funders who are pissed they don't have a book. The endless comments linking to IHub, and calls to rally against Benny. It all makes sense now. I could never figure out why so many people who don't have positions with REDG and say they never would, spend so much time bashing it and the CEO.
People really need better things to do.
-PI
I forgot to tell you, I got a ticket/badge for Comic-Con this year! I will be paying our friends at the REDG table a visit for sure.
I will either be the happiest investor on earth because the GSL, Markiplier Comic, and POWFOLIO launched on time, or I will be the most unhappy Hello Kitty t-shirt wearing person in the hall.
Hello Kitty was a joke, it will clearly be a POWFOLIO-XXXENA t-shirt
-PI
Markiplier I think at this point has made it very clear he is not going to publicly endorse REDG products that do not bear his name. He might be on the board, yet I think his investment was a side deal based upon a long term friendship he has with Benny and others on the board.
However, that said, he will 100% plug his own comic or anything with his name on it. I foresee when his comic comes out he says "Check out my comic over at Redgiant.com and read it online at POWFOLIO, 50% of all profits go to kids charity, and check me out at the Red Giant table at Comic-Con".
That is all we will get, and too be honest, that is all we need.
The following he has is crazy. All my little cousins watch his channel etc. The following he has cannot be understated and I think is not really understood by anyone older than 25, and yes I am older and admit I don't get it. It is just a different generation.
He is never going to mix his professional youtube/name-brand business with REDG, endorsing other comics, products, etc, unless his name is on it and he can spin it for charity, etc. He doesn't do that and it would threaten the public image he has built.
I hope this helps and is of course, just my 0.02.
-PI
I showed it to my cousins daughter who is 18, a huge comic/manga fan and is in college for drawing. She said it looked awesome and she plans on getting the app. She spends $100's a month on comics and manga books. She is the kind of customer we are looking for and trust me, there are a lot of them out there.
-PI
Agree 100%. I don't defend Benny, yet at this point we all know how he operates. He is a "when it's done, it's done person". I wish he would commit to updating the Investor Q&A page every 30-60 days. Yet again, he lives in his own world and I have come to accept that.
I have been averaging down the last few weeks and now that I have seen the app up and working, I think I might pick up a few more shares. You can't beat .0001 for an investment. Given the dilution, I have no idea what REDG is capable or reaching, yet I think it could still get up to copper "if" everything goes right. This stock was over 0.30 at one point just off pumping and I remember I originally bought in at 0.09 years ago. Even with the dilution, I think it could still hit 0.01 if POWFOLIO and GSL go in the coming months and we see financials showing revenue and profit by the end of the year. I have enough shares and have averaged down enough that it doesn't have to move far for me to recover my initial investment and walk away with a profit. I just want to cover my investment and leave a chunk and see how it plays out long term with those remaining shares. REDG is capable of a lot, it's the execution we are all waiting on.
Justafy7, it is good so see you as well. I do read the board here and there, yet unless something of note comes out, I find getting into the debates just raises my blood pressure and gives me a headache. When Benny said May 18th, I knew there was no point in looking everyday.
-PI
When will POWFOLIO be out?
I have been invested with REDG for I think close to three years now or more. So waiting over and over again for the GSL to launch and now POWFOLIO, I look to Benny's past for a launch date.
He loves everything in one basket days. He always tried to launch GSL on Free Comic Book Day, or other important days. Given we still have the BETA test etc, I am guessing Benny is cooking up POWFOLIO to go live May 18th along with the GSL Launch. I am guessing we are also looking at POWFOLIO ads in both the TRU and Comic Book store editions of the GSL and inside the Markiplier Comics when they come out to spread the word.
Just my 0.02
-PI
Investors Harassing GLOWDOT and others?
This was posted on both FB pages and to be honest if this is what investors and others are doing trying to find any DD they can, it is sad and reckless. For how long everyone has been around REDG, they should know how the information does or does not flow from REDG. Contacting any company that is mentioned doing business with REDG is just wrong, unless you are shorting the company or trying to make it fail to make money and then you have ethical issues IMO. This is just sad too me and it is clearly a problem if it has made its way back from GLOWDOT to REDG to us.
"
Here it is... the first look at the POWFOLIO app in action!
Special thanks to Keenspot, Blatant and Arcana for including their content in this preview. And of course a special thanks to GLOWDOT who has been doing such an amazing job!
On a side note, please do NOT harass our publishers. They cannot give any further information, and we do not want to begin our relationship with them on a sour note. So you won't gain anything but could hurt us as we move forward. We have over 10,000 comics to add, so these are just the beginning! THANKS!
Full Beta starting soon! So if you haven't turned in your NDAs yet (and not everyone has!) we need them now."
-PI
Mort and GSL News.
He posted today in the thread on REDG's FB page:
"Mort Castle: No need for an apology, but Frank, and anyone else that might be interested: I did some work for hire for REDG. I try to do good work. I worked with a super creative team. Except for the Fcbd 12 page story, my work has yet to be published. TO AMPLIFY: The work I have done for REDG amounts to 52 comics pages. 12 pages, a prequel story in the Darchon series, appeared in the FCBD issue of GIANT THRILLS. Two complete stories have yet to appear. I've been told these stories will be in the comics/mass market editions of DARCHON; last I heard these books will be solicited through the standard distribution channels--that is, primarily DIAMOND--after the GSL launch. And that's about what I know. And that's about what you know now as well. Again, I'm glad that people follow my work--and I'm glad that people buy it."
Correct me if I am wrong, yet we have been told before that most of the GSL first few issues have been done for at this point years (content). So it is just waiting to be printed and go out. I take that as Mort and others were paid for their work they did and until the GSL is launched and they need more content, they are not doing any work for REDG.
At least this is the first we have heard in a while that GSL is still going to go out at some point.
Also, I don't post much these days, but who the hell is this Frank guy and why is is all over the place every five minutes. If I was a first time investor looking at the REDG FB Page, I would be put off by his rants. I hope Benny erases and blocks the man.
Penny_Island
Lets for a minute say you are others are correct and it is illegal what Benny has done and you send it to the IRS. They will assign an agent to investigate. Maybe in 6-12 months they will get too it. Then they will determine if it is worth their time to pursue it at the local office level. Then and if they decide that, they will conduct a full criminal investigation. In the end all they can do for criminal charges, like all federal agents, is present the case to the district attorney (DA).
Guess what, most cases that get presented to the DA get turned down for prosecution as they have limited time and only like cases they can win or get plead out on. They also have minimums... Such as some districts will only take a case with a $10,000 minimum for fraud if your in the middle of Iowa others will not touch it unless there is over $500,000 in fraud like most east coast cities and those are the minimum and again up to them if they want to take it or not.
I have seen slam dunk cases and charges presented and the DA where the person in writing admitted guilt. The DA just says, nope, not interested, have a good day.
Again, the court option is such a waste of time for a company this size and the act people are talking about. The system is designed to catch the big fish and make an example of them. Not play whack-a-mole.
There must really not be any new news/DD if we are talking about fraud and business law on IHub... I get enough of this in my normal job.
Penny_Island
I know what you are Road Toad are saying, yet I can promise you, it would be on you as the plaintiff to prove he willingly and knowingly did it against the law and met multiple other requirements to "pierce the veil". As I said, it is nearly impossible to prove in court, especially with the level of evidence you have here.
"Piercing the veil" is taught in all MBA courses and business law. It is a standard that applies to all corporations in the United States and many other countries. That is why a corporation can claim bankruptcy and the government can find a corporation did something illegal in court, yet the board members do not get prosecuted. The company pays a fine or folds and everyone moves on with nothing in hand. Look at some car companies, they can prove board members knew about illegal safety violations and willingly and knowingly made decisions that got people killed... Did they get charged, were the families able to pierce the veil, no..... The company paid a fine and it moved on. Criminal charges were never even considered and they were again, not liable in civil court either.
All Benny would have to do is:
"Your honor, we do not have the background in the legal operations of a corporation and we admit that. If we went back in time we would never had incorporated REDG. We messed up and we have learned from those mistakes. We could not afford a lawyer to review ever step we took, yet have learned from this have not done it since."
or he would probably hire an accounting attorney to explain through some crazy banking loophole or IRS paragraph what he did is in fact legal and it is just your interpretation of it that is flawed.
Either way or a hybrid of the two the court would probably accept.
In addition, you would be suing as an investor and courts do not want to hear how an investor lost money in the stock market. The court has a low tolerance for what it considers wasting it's time. You knowing and willingly invested your money knowing you can loose it all. The court would compare it to Vegas and gambling and that precedent already exists, that's an argument you would not win.
In the end, either way, REDG has no money on paper. Benny would just close the company and you would get nothing..... Since he doesn't have any real assets in real life either, no lawyer would take the civil case even IF you could get the judge to pierce the veil. There is nothing to be won or gained out of this...
Again, you are better off waiting and seeing... Going to court over "principles" never wins, except on made for TV dramas.
Penny_Island
You would get nothing if you sued REDG. Benny like all CEO's and members of boards are protected under the law. You would have to "pierce the veil" which is almost impossible to do and courts will almost never do it as they don't want to set a precedent. Again, you would only get the assets REDG has, and that would be after all established debtors and contracts are paid. There are strict laws on the order of payments from a company. You as a lawsuit winner would be one of the last and if the company is worthless as you point out over and over again, you would get nothing...
Better off letting it play and hope they pull it off.
https://www.law.cornell.edu/wex/piercing_the_corporate_veil
https://en.wikipedia.org/wiki/Piercing_the_corporate_veil
Penny_Island
Not enough ads sold...
I have never heard it take so long to say something so simple. They have not sold enough ads. They relied on verbal agreements instead of having written contracts... Oy...
I and others said this is what happened the last THREE launches... Glad to see we were right the whole time.
Oh well... I am still a long and in too deep to just sell and move on. So I sit and wait until May 18th, 2016 when we move to one issue of GSL a month.
Good Luck to everyone and see you in MAY 2016!!!
Penny_Island
Benny will do the same thing he has done with every video in the past. He promises it by Friday, then on Friday says, oh lots of work going into it, lots of questions, and trying to get everything right for the video. It will be out next Tuesday.....
That is what Benny will say tomorrow.....
If there is a video tomorrow, I will be surprised to say the least. I guess next week, Tuesday or Thursday.
Happens every time, he extends on the due date. sounds just like the GSL doesn't it... A trend.....................
Penny_Island
One of the MODS should remove the Nov 4th date from this board up above in the company description.
Penny_Island
I would like to know in the video update if we lost deals now.
Benny said many of the deals he had pending were dependent upon a GSL launch. So if REDG failed (as it now has) to launch the GSL this year, have we lost all those deals Benny had been working on the last few months?
Would be nice to know.
Penny_Island
Denial... Yeah...
Perfect example of why I and many others walked away from this board. You can't say a single word without being harped on or called names, or being attacked just cause you have a different view or idea...
Penny_Island
I agree with you 100% and I wrote them on FB, the REDG contact page, and emailed the info@email address as well tonight. Yet I was just trying to point out one possible ray of sunshine in this gloom and doom.
I don't think you, FF, Rex, etc are bashers, never have. I reserve my own opinion on a few others on here, yet everyone is entitled to their opinion, just as the Benny can do nothing wrong people... As long as you can state something based in fact it adds to the debate. Opinions are exactly that.
A group of us and I include you in that group have been watching REDG for a long time, so when the new kids show up with twinkles in their eyes and a delay happens, I just laugh as we were all one of them once.
Penny_Island
I don't understand the pointing of fingers and why nobody can discuss an idea without being called names etc. This is a board to discuss ideas on stocks, not get into personal name calling.
The constant negativity or super fan boys on this board is why I stopped posting nearly a year ago. People stopped talking about this stock and doing D&D on here a long time ago...
I have owned REDG for years at this point and to be honest, I am over the being mad at Benny part. It is what it is... This is Penny Land... Some play for the bounce as you and FF do, which is fine. Some of us play for the long less taxes run such as myself.
I know it probably is delayed again, but hell if it is, why not have some fun with it and discuss alternative ideas until we hear otherwise. I am not a fan boy and I don't think you will ever see me be one. However I don't run around calling things scams etc either. If people have proof of a scam, turn it into the government and they by law have to investigate it.
Penny_Island
Chris said nothing about the GSL. He just defended himself from being attacked about not caring about investors while voting.
That said, I said it was a "theory" and it never hurts to discuss possibilities besides doom and gloom. Usually Benny would follow this up with a video coming soon announcement or deal on the way right after the bad news.
It's just very odd to put Happy Halloween and the GSL Banner on the same one... I mean they have to change it in 36 hours. It makes no sense. That is all I am saying.
Penny_Island
Halloween Prank???
One of the guys over on the FB page just pointed out a interesting theory. Is this a Halloween prank? I mean it was posted after trading was over and tonight is the night of mischief as another pointed out... Benny has not said anything else.....
In addition, the new banner says Happy Halloween, GSL to launch in 2016... I mean the guy on FB is right, who says that, or would put that out on the same banner...
Could we still be on for the 4th???
I hope he is right, but then again Friday night bombs have happened before with Benny...
Penny_Island
Markiplier Comic Mini-Series for 2016...
Am I the only one who heard that in the video or did Benny let one slip without noticing?
Penny_Island
Sounds like Benny has his feet being held to the fire by a lot of these potential partner companies.
They are saying prove yourself before we sign...
So launching on time or shortly after has huge incentives for Benny. He more or less said we have to launch to get these other deals. It's game time!!!
I'm not a happy camper today with everything that took place, yet I am also not a overly angry one either. I am just mute on this today. I knew October was going to be eh...... but I didn't expect it to be this eh......
I guess on the up side is he didn't wait until the last minute to tell us of a delay.
Now we just have a potential delay which will freeze the stock in place until we hear otherwise.
Penny_Island
Good to see you around the board again, it has been a while, at least for me.
I agree with you, we need a lot of interest to soak up these shares and for them to hold, even a little, to raise the price. The last week of October is when I think we will start seeing some movement, unless we get some more PR prior.
November is going to be an interesting time. I really don't know how high the PPS will go. I used to say .01-.03, yet that was a long time ago before the massive amount of new shares over the last year. I think we might spike around .01, yet I think you are right. Until we see financials I don't think we go above it.
Don't get me wrong. As a true long (going on 3 years and averaging down), I would love to see a crazy run, however I think everyone has been there and done that with REDG. Therefore, there is a lot less people who are willing to jump and take the ride this time around. Then again money talks in the market and if people see the opportunity, they will jump. Only time will tell.....
My only dilemma I am having is if I dump any more money into REDG while it is this low and we have an actual launch date posted over on their site..... Decisions, decisions.....
http://www.redgiantentertainment.com/
As always, good luck!
Penny_Island
They posted the launch on their main site. Why have a countdown? I guess I don't see the point in it as your not selling a product, it is given away. Just my .02...
However, I agree it would be easy to do.
I guess after 3 years I have learned Benny does things in a different way. I have learned to see where he is coming from and why he does what he does. I don't agree with it all, yet I understand it. He views the GSL as a vessel for comic book shops and others to advertise in, a provided platform, not a product to sell like so many on this board view the GSL as.
See launch at REDG's home page.
http://www.redgiantentertainment.com/
Penny_Island
We are a go for Nov 4th.
Haul, I am sure you remember last year when we were supposed to have the fall launch and got disappointed in the end. I still say it was due to lack of ad sales and I 100% believe that is the motivation behind us dropping to 500k issues instead of 1 million a week. Once it lunches and they show circulation for 12 months, I am positive moving up to 1 million will not be an issue for REDG.
With that said, we are launching in November as we want to be out for Black Friday in November to get a piece of the Christmas Ad $$$! If anyone remembers the reason we decided not to launch in December or January after we missed the fall launch is marketing money dries up after Christmas as that is when 70% of retail sales happen. So REDG moved the launch out again and missed it again this summer. Having reduced the copies to 500K per week and the long launch period, we have it this time!
I worked retail management for nearly a decade in a past life and worked 7/8 Black Fridays in stores. I can tell you signs, ads, bags, etc are done months and months in advance. We would have the Black Friday supplies, ads, and bags in the warehouse in boxes that said do not open until "blank date" stamped on the side often in October.
This said, if we were not launching in November, Benny would know already as all of this needs to already be in place to happen. Especially with a company the size of TRU, as I can guarantee you they already have their ads done and know what they want to advertise on the REDG covers and bags. I don't think people realize how many bags and free issues that will be going out in the electronic department during Christmas. It will be KRAZY!!!
I am sure that free GSL issue will make it in with a lot of gifts under the tree this year from TRU.
It would be great if Benny could share the special TRU covers with us, yet I know TRU would never allow that. Even if he shared us the cover with the products etc, blacked out would do so much for us here. Yet, why risk losing your biggest advertiser???
Benny has shared pics of boxes ready to go and ship before. I really hope as we move closer to November he shares pictures similar to this again. It will help all of us in the end.
All the best to my fellow longssssss!!!
Penny_Island
As I said last week. Every time Benny puts out news etc, everyone is happy as a clam for about 2 weeks then everyone starts demanding news, updates, questions answered, etc. Never fails on IHub
Benny told everyone what they wanted to know in the update video. November 4th is a go and we will see the stock go right back to where it should be.
Everyone is just trying to flip very short term and double their money at the .0003-.0006 levels.
Keep pushing it down boys, I will keep buying and lowering my average cost all the way to the bank!!!
Penny_Island
Jimmy Kimmel Link:
For the full video and play-by-play.
http://kotaku.com/famous-youtubers-teach-jimmy-kimmel-a-lesson-1728678078
Video Only:
I hope this board does not go down this path again. It has only been two weeks since Benny answered every question people had and explained how everything is going to happen in detail.
Every time Benny gives news or updates everyone is satisfied for a few days then starts demanding updates again and saying he doesn't respond to people. Please don't let the board go this way again.
November 4th is the day. We just have to sit and wait.
Penny_Island
The good news is we seemed you have found a stable bottom around .0004/.0005. The downside is we have nothing going on until November. It's going to be a long silent 60 days unless we get some random shocking news.
Penny_Island
I have bought more REDG then I ever thought I would and bought even more 4's this week.
I have managed to average myself down as I first bought at .09 years ago and well over half my shares are long-term! Too be honest, I don't think I will sell any shares until we get the first set of financials in 2016. REDG only has one direction to go (up), so minus a freak run, I plan on holding long term, even after launch. That's why I don't get on here like I used too.
I have always had faith in REDG except at one point in time when Benny delayed (again) and I publicly lost my cool on here. However, everything looks GTG this time!!!
I have seen launch-date after launch-date come and go. I am beyond excited for NOVA-NOVEMBER!!!
Penny_Island
What do people expect?
Sorry everyone, I've been gone for work yet I have been reading here and there.
I guess I am at a loss for what people's issue is. We have a launch date for the GSL. That is what we have been waiting for for years!
True, there are a lot of questions that Benny has not answered and I hope the upcoming video will address those, yet I don't understand this massive sell off and sudden loss of confidence. We all know Benny does things his own way and if you didn't welcome to the club.
We had great support at SDCC, REDG attracted massive advertisers for the SECOND time in a row and stated they are all on board for the GSL launch. What more do people want???
Sorry, I guess as someone who first bought in at $0.09 and followed REDG down to this, I have been waiting so long, I don't get mad as I know it's going to happen. Everyone just needs to relax and wait for the video and November.
Penny_Island
Benny just said later this year GSL will be out, yet again, no hard date
Penny_Island
FB Update from Benny...
Update: Well this is an insanely hectic time. Here is a brief snapshot...
Right now, final edits to the SDCC book are underway. I cannot stress enough how cool this is, as you will all soon see. It is intriguing to watch the advertising come together and how many last minute artwork additions there are. But it's good to get this process down.
Kris is going solo to E3. In fact, he is already there. We decided that it was best for him to make the meetings while I stay to complete the book and other work we are finishing. Michael is running the shop for getting final artwork as well.
The remaining Q is in final reviews as well... Which that alone would normally be an endeavor. Next Q is already underway so we can try to be early and not deal with it during SDCC.
SDCC work is in full swing, with a myriad of headaches that it generally entails. But we look to be making a big splash.
More movement on various other fronts, including partnership stuff. Interesting developments and very promising. Still waiting final word on other PR as well.
Now back to work...
37, you are correct. OS is 2.733. I threw 3.0 out there as that is what is authorized so make the math simple. I don't know where he gets 6.0 from and to be honest, I know he has other motives as if he doesn't own shares (or so he says).
It makes no sense to spend so much time watching a company you don't own.
Penny_Island
We are in the exact same boat Wingman!!! I have been averaging down for over a year as well. Most people don't realize the nearly 40-50% taxes you pay if you sell short term... Good Luck...
I do think there will be a run around Comic-Con, yet until we see the full weekly launch, followed by financials, that is my main selling point. Even if it is another 12 months away... I have waited several years, what is one more???
When we have solid financials showing revenue and dare I say profit, that is when I will sell the majority of my REDG.
Penny_Island
3,000,000,000 shares total, so 1% is about 30,000,000 shares.
Correct me if I am wrong....
There are a few people well over that on this board.
Penny_Island
Markiplier...
Haul, I asked my 11 year old cousin today if he knew who Mark Plier was...
He said "You mean Markiplier on youtube?"
I said yes..
He said, "Duh... everyone knows who he is..." "He is the guy who plays videos games when he is drunk and yells at the screen..."
"He is awesome"... "He just did a Freddy's video"...
Hilarious, yet I will take it... Clearly everyone knows who Marky is...
Penny_Island
Totally Agree 100% Dmac9.
I just don't want people screaming Benny promised July for FULL launch, when that is not what it says. It says preview launch.
Yet, I will take a Mark Special Issue and his 7.6 million followers all wanting to see it... ALL DAY LONG!!!
Good Job Benny!!!
Penny_Island