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Will be something to see Markiplier's first unboxing.
Speaking of Markiplier - during the Red Giant panel discussion it was shared that he is definitely coming to POWfolio at some point. At least that is how I heard it.
It was mentioned long ago regarding this aspect of printed comic versus the medium that will appeal to his fans - digital. Now add to it free and at some point a quick mention/plug by him and POWfolio gets a substantial boost in downloads.
I would prefer the premium content be in place ahead of time because getting them there is one thing, keeping them there is the next step - as I guess it is with whoever downloads the app. One thing Glowdot has stated more than once - the app is a longevity app - not a sprint - so they are fine with the steady climb of users as they continue to build content. 55 publishers (24 modern and 31 Golden) and by the sounds of how things went at Comic-Con a major boost is on the way.
Very much looking forward to the next couple months of Zwagbox, POWfolio, and Markiplier comics.
have a good weekend, thanks for the extra help and getting information out as well. thedocg
Ah just saw your post coop - yes, I did see that post. I decided to go conservative based on that cratejoy timeline. Regardless - we will get to see zwagboxes very soon - and absolutely agree the "churning" begins. Looking forward to a markiplier zwagbox opening. Docg
I will put it out there now - not going to be like either one. I'm sticking to my timeline - starts shipping sometime next week and we get them before the 15th.
The comic con drawing doesn't happen till January 2017. Everyone gets entry from here through December orders.
Another thing everyone has to remember is all the boxing, shipping, handling, etc... is done by medallion fulfillment out of LA. REDG does not touch shipping, but all the items to go into the boxes have to be at medallion to box and ship. Docg
Yep totally on REDG. The cratejoy info you have to dig for. I figured out cratejoy right away because of the first email confirmation when I originally ordered. It's actually powered by cratejoy's software and infrastructure to run an online subscription business.
The cratejoy platform is what they are running zwagbox on and you only find the extra details when you dig into the "start your business" area of their site.
REDG no doubt could've cleared things up with a couple quick messages to keep subscribers informed.
Yep, doesn't make sense once you go to cratejoy to figure out their recommended timelines.
Should've made it clear that July boxes will ship at end of July at earliest, but more likely the first of aug to accommodate comic con sales going to 24th. I get the push from business point - make it seem like limited supply to help drive sales. But pretty sure they planned on comic con sales all along and why wouldn't you with markiplier there.
Unless I totally misunderstood cratejoy, seems like that would've cleared up the problem you just pointed out rickn, with what they are saying on zwagbox website vs. What shipping timeline will be.
Thanks for helping share, docg.
Ps. Glad powfolio is still getting added to, and very anxious to hear what publishers are coming on.
Zwagbox shipping timeline, I will go follow what cratejoy to has, and I shared in a post the other day. Originally the 15th is the billing day/cut, which according to the video, boxes start shipping the first week of that particular month for orders that we're made the month before. As I understand it, that allows the customers to get their first box before the billing cycle bills you a second time without having received your first box yet.
So, in this case, if they are staying with the 15th billing cycle then technically boxes just have to get to the customers before the billing of the 15th - hope that makes sense.
I think the issue with the July box is in the way it was presented because if they followed the guidelines of cratejoy they could have reminded people the first box technically will not arrive until early august and then after that the billing cycle will kick in and you can expect each box at roughly the same time each month.
I am guessing this first box most likely won't get to people until 2nd week of August, but definitely before 15th so it doesn't overlap billing cycle.
All my opinion of course, and I'm still fine at this point of risk vs. Reward for REDG. Good day to everyone - thedocg
I agree overall that Zwag shouldn't be tied to the comic side except for the Markiplier series as it is the showcase for the box these next 4 months. In this case, box out a week before the retail comic would make sense, but it's all a guess for us because they didn't explain it yet.
As for the future boxes, totally agree the retail comic line should not have to be tied to zwagbox dates with exception of some special issues perhaps - overall no though.
The naming too seems off - technically the cratejoy timeline for billing ordering if on the 15th means the boxes once on cycle are always a month ahead. You get billed on the 15th for the next months box. According to the video, your window of shipment is just before you are billed for the next months box. Right now because the first box hasn't started it seems off.
Either way, still no communication yet and just need to wait for first box. then Markiplier #1 retail version. docg
I think it was the timing of it Rickn. Perhaps they didn't want the comic going out on shelves before people would have received their box. Now with the shipment of boxes this week and people starting to get their boxes later this week and early next, according the cratejoy schedule not that is 'will' happen, but it shoud; that means zwagbox people get the comic just before it's in retail.
If that is the case, I can kind of agree with the idea from a business point - problem is that it was never explained - no warning. That makes it a blown-up issue because it is now seen as a 'missed' deadline or 'delay' as opposed to a planned move so zwagbox subscribers get it first.
All just guesses in my opinion of course based on cratejoy timelines they set up.
As a consumer I definitely wanted my comic I ordered to be on time, no question about it. Could've averted a lot of negative thought if they just shared ahead of time instead of finding out the way we did. docg
Zwagbox cutoffs/shipping/billing cycles from cratejoy are explained in detail in this post from cratejoy, which is the platform Zwagbox is run on. Be sure to click on the Beginning, Ending, and Middle billing cycle to see how the dates work for items getting shipped versus getting billed.
Virtually all of the subscription box businesses operate on this same platform unless they go alone and don't use cratejoy's network to run the business.
Cratejoy/Zwagbox schedule/billing/shipping explained
After more thought, in my opinion the Markiplier #1 push back/delay was due to the zwagbox registration extension during the Con. They went up to the 24th. Cratejoy has several different template cut off dates and the 15th is one of them. That would have the boxes shipping the first week of each month and getting billed on the 15th. The first month is the only one that seems off because the cycle technically has not started until the renewal happens. That is explained in the video in the link.
Regardless - unfortunately REDG did not share that information so it's all guesses at that this point. Absolutely huge opportunity with 3 solid products but as many have pointed out - need to get communication, numbers, and financials - which each day it gets closer. I think Mark opening the first Zwagbox on youtube will be pretty incredible exposure and drive sales, but we need that first box.
hopefully the link will help whoever wants to understand the zwagbox shipping/dates/schedule. thedocg
Took some time to digest the Con and everyone's posts here and elsewhere.
Overall, I am happy for once REDG had real products to deliver and Markiplier to commit himself everyday for that extent of time is simply mind-boggling. He does have $200 grand invested and he is on the Board, but his fame is Youtube; that's his bread and butter, but he stuck it out to promote REDG products. Some may feel he didn't do enough, but this is a great push in my opinion.
The news that came out really wasn't news for us because we have been following every single word that is shared. The general public that was there - this was all news to them. So, in that sense I am pleased how it came out. For us, this wasn't a shareholders meeting to tell your shareholders whats going on - which I really hope happens soon - along with many others here.
I would have liked to heard some numbers but that wasn't a make or break either. But I was disappointed not to hear the charity that they are contributing to for July. To me that should have been announced as you are selling them so people can support their charities. We may only get people for one month because of the charity, but that's fine so long as they are buying. The charities need to be established more clearly in my opinion going forward.
The last thing I would have like to have heard is who the next "celebrity" is after Mark. Better than good chance it is another Youtube star so that should work well to expand the audience.
All and all I really liked the exposure we got this year with products in hand to deliver instead of future things. I do see it paying off - to what level is a far out guess, but definitely possible to see this move on any sort of news about numbers - especially financials, which is beating a dead horse here as many many people have already stated WE NEED FINANCIALS!
On a positive note - our products are there and generating revenues - just need to get to the How much soon and we'll be alright.
good day to everyone and best of luck in all your dealings. thedocg
A video is being uploaded now to the investors page of the panel. Markiplier, POWfolio, Zwagbox all front and center as expected. Details coming soon. Going to watch the videos. docg
As share holder, I definitely would like to know it all, but doubt we'll get it all until updates to filings happen. Devil Dog, if you are reading this, if they were current the next filings would be Aug. I believe - doubt quote me on that, but I believe it is Aug. for the next quarterly report. Problem is They haven't been consistent since last may when funds really dried up for keeping current.
It's all in on Markiplier to get things moving. 27 hours till the panel I believe and we'll know more.
Interesting thing I forgot happened yesterday. A friend of mine I told about POWfolio asked if they had any of the old Hulk ones and I said No, not yet at least. Well, his 8 year old son is absolutely obsessed with the old Hulk Comics right now, and actually a few others.
I think it is absolutely critical for the Golden, Silver, and Bronze Age, once all loaded - they get the other big publishers in order to bridge both the new readers like myself and the ones looking for the well known titles. That would definitely overlap the market and interest and sustain users in my opinion. Just have to wait and see what comes at this point.
thanks for the feedback as always rickn - docg
I think he said the Con wasn't official opened at the time he did the video but was opening soon and at the end had to get ready for them. Either way it should be agreed at this point he is definitely putting in the time (at least at the Con) to promoting the Markiplier series.
I am very anxious to here the news after tomorrow's panel discussion. The charity for zwagbox, the next to promo for zwag, future updates for POWfolio such as details about premium content and subscriptions and/or other publishers that are coming on board. At least that much to start would be nice. I am not holding my breath for zwagbox #'s although I'd love to have them. Doesn't seem like it is really a standard practice to release them at all for anyone. Same for apps in the app store. If it wasn't for google play I doubt we'd know very much about the number of downloads based on what the companies tell us.
I would imagine Brandon Peterson added to the signing would help some in selling some posters as well. Hadn't heard when he is signing though if it is today or last day.
tray to stay cool - it's scorching hot even in michigan! docg
Well, Google could pretty much do anything they want regardless. Same for any of those giants, doesn't mean money can't be made or an idea shouldn't have been followed. All a matter of what they want to do. I have a friend who is a programmer and has had many opportunities to make gobs of money doing other things - instead he has his own company a company of one and calls up his freelance buddies when he gets a contract that takes more than one. He makes his money and moves on to the next project developing custom software for clients similar to glowdot but he doesn't have a website and he's been doing this for over 20 years. Still makes a good chuck of money but not as much as he could. I guess the point is, just because Google or someone else doesn't do it doesn't mean it can't make good money.
That's a cool and long over due feature SooS for all comics apps. The thing I like about the article is its not owned by one comic source such as comixology, marvel, DC, darkhorse, etc... which from reading the article seems like could get integrated for powfolio android users once they add the download feature. Must be a way to do it while streaming too, that would be cool.
To be fair, I'm sure we could add a lot of other technology that powfolio doesn't have that Google play books has - lots of integrated Internet aspects such as wikipedia while reading; ability to change style of text; and other search features, etc...
But I like that feature and would be cool to see if they could integrate it somehow. Docg
I think it was also a point that not "all" of the warehouses/distribution centers got their books. If not all got them, is it a practice to hold up a release until all outlets would get them? As a consumer I'd say ship whatever is there but I don't know if/how that works on the other end, some getting it some not. Either way we'll get issue#1 around same time as zwagbox.
On another note, curious to see how things go when "Brando" starts signing if he hasn't already.
I can already take one guess, Markiplier's fans are most likely jamming things! Docg
Thanks SooS, haven't forgotten at all. probably more shares to the cost of us, but until they get current we won't know the damage.
What I like that is different though is finally some massive exposure via Markiplier. A large line on preview night to buy at least one $20 poster and get his autograph. (which may help offset some con costs). And a massive Markiplier display which is right next to Marvel and getting eyes on it that maybe would have never thought of looking. Like I mentioned before, we've never been there with real products in my opinion and finally we have something (Markiplier, Zwagbox, and POWfolio) and all are getting exposure to potential customers. Will it be the major numbers we all hope - won't know the answer until later (filings or some other official release).
BTW - also got my confirmation from Midtown Comics - Markiplier #1 release 8/3.
Will be interesting to see what other updates come from the con. thedocg
The full video preview of Red Giant/Keenspot booth at Comic-con.
REDG at Comic-con video preview
Hopefully this works for you. I checked the link while in preview and it works fine, but if you don't have a Facebook account it may not work due to it being on David Campiti's page. Check out the rest of the video previews promoting Zwagbox and POWfolio as well as a lot of pics showcasing Markiplier.
Not to mention you will clearly see Markiplier signing one of his posters.
docg
Markiplier is definitely signing autographs and by the look of those stacks of boxes (you have to zoom in to see better) I'd say he's gonna be signing a lot of posters the next several days.
I also like that they have people there specifically to handle zwagbox subscriptions and powfolio. Strom and Eng, glowdot heads will be there, but it's nice to have people there to help with larger crowds.
I emailed midtown regarding my comic order and I haven't got a formal response yet, just the automated one. Just would like to hear from them specifically saying when the comic is coming. I know it was posted looking like 3rd, but just think having more than one source confirming things will help.
I have no doubt it will be here at the latest the second week of August. Based on how big markiplier is and how they are marketing him at the con, there is no way those comics don't ship. Just not 27th like the originally date was - but as I and others have shared, Markiplier's reputation and brand are on the line - he will make sure it is delivered!
This con is very different than any before, just look at the booth for starters!!!!
Going to be a great week at the con in my opinion, if this is just the preview night. Good evening to everyone, thedocg
Thanks sleuth, his page should be the red giant entertainment page! That booth is crazy! He has several videos plus all the extra pics to go with it. Posted an hour ago. markiplier is definitely the showcase without a doubt after seeing that display.
Anyone else checking things out, go to David campiti's page as sleuth has pointed out.
Thanks again, docg
First pick from comic con
https://www.instagram.com/p/BIGxdfGj0FK/
I hope the link works. They just posted it on Instagram and shared it on twitter.
Lots of people around on preview night at Red Giant/Keenspot booth.
Thanks heroguy. You know better than most of us how that end works. Finding out as a retailer specifically about Markiplier is important. Are some retailers getting them and others not? How many are going out? if they can tell you that. Are you not getting yours due to some specific reason?
Whatever they can clear up is helpful, thanks.
Great followup Mr/Green! Heroguy, please follow up for us as a shop dealer. To get the details regarding what Diamond has told Mr/Green would be extremely helpful. Potentially sold-out would be a great sign in my opinion as it would create demand, except for the customers who are waiting for ones they already ordered, which I would hope would most definitely get there's since it is a pre-order guarantee.
thanks again for that info Mr/Green! docg
Thanks heroguy. Well, I know I ordered mine through midtown comics and was charged by them so at least one was bought and paid for by me through midtown. can't say about the others, guess we'll see. docg
News today and tomorrow is the preview night for Comic-con. Markiplier comic is just 7 days from release, or perhaps shared the last day of Comic-con as a teaser.
Non-the-less, Zwagbox is not far behind and we should all get out boxes by the first week of August, which is just around the corner.
We may get lucky and hear the announcement of subscriptions. Or we may hear who the next celebrity guest could be after Markiplier and show the growth of ZWAGbox.
And lastly, POWfolio - I am eagerly awaiting what is in store for the growth of POWfolio (premium content and subscriptions).
Some may feel 'been here before' well, in my opinion this is absolutely different than any other time in past years - entering Comic-con with products in hand and going out to consumers. REDG has something to share and not some promo of 'hey this what we want to do down the road'. This is products now, in place, and creating revenues, not down the road.
Major turning point for REDG right now and looking forward to the next week and more news being let loose.
good evening to everyone, thedocg
REDG is worth a look trading at .0001 x .0002 and heading into the San Diego Comic-Con July 20 - 24. Red Giant Entertainment has never before entered the Con with 3 major revenue streams front and center.
#1 Zwagbox (see ZWAGbox.com)
#2 POWfolio (see POWfolio.com) The #1 comic reader app in the app store (free books category) and also available on Android in the play store.
#3 Publishing (Markiplier Series showcasing Red Giant comics infused with Markiplier.
Markiplier was just featured with Dwayne "The Rock" Johnson to introduce the Youtube Factory and The Rock's youtube start.
The share structure is not as strong as others but at these levels and the revenue streams, in my opinion this is a major opportunity to consider and a critical time. REDG products are finally here and in a full push to consumers creating revenues. The most significant convention of the year is here and Red Giant will be making a major impact this year with some incredible products to share and deliver.
best of luck to everyone in all your plays. thedocg
Thanks for this coop. I was able to check the link before it switched and was great to see. Now it's not working. I'd try to fix the image or link if possible then I can add it to the info page. I can't do the sticky because I used mine up for the revenues sticky. Another mod stickied yours and only they can remove it.
If you can fix the image issue that would be better then hopefully the mod that stickied the first one would go ahead and sticky the correct one.
thanks for the work coop - Interesting aspect of this that none of it takes into account the other revenue streams, just zwagbox. Another day closer to seeing things all hit. thanks again, docg.
Thanks heroguy =- absolutely share. We have the take the good with the bad and it will either be in there or not, pretty cut and dry and it is not insinuating anything, it is merely sharing whether it is there or not.
thanks, docg
REDG products countdown:
Markiplier Comics: #1 July 27 (9 days away)
Zwagbox featuring Markiplier exclusive foil covers: Shipping end of July to be received first week of Aug (10 - 15 days away)
POWfolio for iOS and Android: Here now and continuing to grow - over 50 publishers and continuing to add; over 10,000 comics and continuing to add. Premium content and Subscriptions coming with next big update.
Comic-Con Starts in 3 days with all REDG products in place and Markiplier to close out the show on the 24th!
Many have good reasons to doubt based on passed history - no debating that.
Is it different this time? In my opinion definitely! Of course financials will be major key to unleashing things further - but I am very happy with this line up going into the next week and beyond!!!! docg
A look at the history of Notes for REDG: Sorry this is so long, and I'm not done. Iconic the first official note is completed, but all the others are up to Aug. 2014. I was going to do just share totals, $$, and specific dates but it was taking way too long and I didn't like how it was turning out. Instead I went with the basic points of each note and a complete history of REDG's agreements with them. (Remember, I am not done though, so this is not the finished product with all note history complete - just the first one is done completely.). There is not much left though, just have to get the time to finish it. Oceana and Hoppel Settlements are not in there yet because I'm not to those dates yet in the filings. BTW, this is directly from the filings - copying and pasting with only some minor edits to shorten some things to make it quicker to get through. thedocg
With that - here it is:
A complete history of Convertible Notes/debt financing/Settlement Claims of REDG:
Note #1: Iconic Holdings LLC (SPA and Note)
May 10, 2013:
Iconic Holdings LLC - Line of Credit Established for $5 million
Sept. 20, 2013:
Securities Purchase Agreement dated April 15, 2013 between Red Giant Entertainment, Inc. and Iconic Holdings, LLC - $5 million
Registration Rights Agreement dated April 15, 2013 between Red Giant Entertainment, Inc. and Iconic Holdings, LLC.
9.9% Secured Convertible Promissory Note dated April 15, 2013 between Red Giant Entertainment, Inc. and Iconic Holdings, LLC - $130,000 at par value .001 value due April 15, 2014
Dec. 5, 2013:
Pursuant to the Iconic SPA, we agreed to issue to Iconic shares of our common
stock as a commitment fee valued at $100,000 in aggregate. we issued to Iconic an aggregate of 8,252,546 shares,of which 772,798 shares were transferred to Iconic from shares held by Benny R.Powell, our President. As of the date of this report Iconic has converted $62,000 of amounts owed to it under the Iconic Note into 22,636,273 shares.
April 21, 2014:
From December 2013 through January 2014, Iconic Holdings, LLC converted a portion of the principal and interest owed to it under Secured Convertible Notes substantially in the form filed as Exhibit 10.3 to our Current Report on Form 8-K filed with the SEC on September 20, 2013 into an aggregate of 44,949,897 shares of our common stock.
June 11, 2014:
On June 6, 2014, we issued 38,197,717 shares of common stock to Iconic Holdings,LLC to convert $22,918.63 of principal and interest due under the 9.9% Secured
Convertible Promissory Note dated April 15, 2013.
July 30, 2015:
On June 22, 2015, we issued 34,848,485 shares to Iconic Holdings, LLC, to
convert $23,000 of the principal and interest owed under the $25,000 Convertible
Promissory Note dated as of December 20, 2013 filed as Exhibit 10.34 to our
Annual Report on Form 10-K filed on April 6, 2015. The issuance was made
pursuant to a June 18, 2015 notice of conversion.
On June 29, 2015, we issued 39,545,433 shares to Iconic Holdings LLC to convert
$6,151.51 of the principal and interest owed under the $25,000 Convertible
Promissory Note dated as of December 20, 2013 filed as Exhibit 10.34 to our
Annual Report on Form 10-K filed on April 6, 2015. The issuance was made
pursuant to a June 26, 2015 notice of conversion.
Note #2: Typenex Co-Investment LLC (Red Cliffs, JFV Holdings, John M. Fife)
June 21, 2013, we entered into a Securities Purchase Agreement (the "Typenex
SPA") with Typenex Co-Investment, LLC ("Typenex") under which we concurrently
issued to Typenex a Secured Convertible Promissory Note in principal amount of
$557,500 with an original issue discount of $50,000 plus an additional $7,500 to
cover Typenex's due diligence and legal fees in connection therewith (the
"Typenex Note") in exchange for $100,000 in cash, two secured notes (the
"Secured Buyer Notes") and two unsecured notes (the "Unsecured Buyer Notes";
together with the Secured Buyer Notes, the "Buyer Notes").
The Typenex Note is convertible into shares of our common stock in five tranches
consisting of an initial tranche of $157,500 plus interest and other fees and
amounts due and four tranches of $100,000 plus interest and other fees and
amounts due, with conversion of the last four tranches conditioned upon payment
in full of the Buyer Note corresponding to such tranche.
Jan. 13, 2014 filing 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 filing was 45,710,071, which is 9.99% of the 457,558,273 shares that were outstanding on that date (as reported in the Issuer's Form 10-K filed on December 4, 2013).
April 21, 2014 filing - January through February 2014, Typenex Co-Investment, LLC converted a portion of the principal and interest owed to it under a Secured Convertible Promissory Note filed as Exhibit 99.2 to our Current Report on Form 8-K filed with the SEC on January 27, 2014 into an aggregate of 25,890,776 shares of our common stock.
April 21, 2014 filing - March 2014, Typenex Co-Investment, LLC converted $69,661 in principal and interest owed to it under a Secured Convertible Promissory Note filed as Exhibit 99.2 to our Current Report on Form 8-K filed with the SEC on January 27, 2014 into an aggregate of 81,002,267 shares of our common stock.
May 9, 2014 filing - May 5, 2014, we issued 61,512,742 shares of common stock to Typenex
Co-Investment, LLC to convert $38,137.90 in partial principal and interest due
under a Secured Convertible Promissory Note
Note #3: WHC Capital LLC
August 1, 2013, we issued a $166,000 12% secured convertible debenture (the
"Debenture") to WHC. The Debenture matures on August 1, 2014, and interest on
the Debenture is payable in cash upon maturity. If we fail to repay the
Debenture with interest upon maturity, the interest rate increases to 22%. The
Debenture is secured by 35,000,000 shares of common stock pledged by Benny R.
Powell, our Chief Executive Officer, President, Chief Financial Officer, and
Secretary, and a member of the Board, from his individual holdings. Funding of
this note was received subsequent to our fiscal year end.
Dec. 13, 2013 Because such registration ( of shares for WHC) was not declared effective by the Securities and Exchange Commission by December 9, 2013, the principal amount of the Debenture has increased by 140% to $232,400. WHC has notified us of its intention to sell the 35,000,000 shares of common stock (the "Pledged Shares") pledged by Benny R. Powell, our Chief Executive Officer, President, Chief Financial Officer, and Secretary, and a member of our
Board of Directors under the Pledge and Security Agreement with WHC and Mr.
Powell, to cover payment of the $232,400 plus interest.
April 21, 2014 filing - February 2014, WHC Capital, LLC converted a portion of the principal and interest owed to it under a 12% Secured Convertible Debenture filed Exhibit 4.6 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013 into an aggregate of 27,300,000 shares of our common stock.
April 21, 2014 filing - March and April 2014 prior to the date of this Quarterly Report, WHC Capital, LLC converted a portion of the principal and interest owed to it under a 12% Secured Convertible Debenture filed Exhibit 4.6 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013 into an aggregate of 162,772,845 shares of our common stock.
April 22, 2014 - WHC 13g holdings 137,772,845* Consists of common stock which the reporting person has the right to acquire by way of conversion of a convertible note. See the Issuer's filings with the Securities and Exchange Commission for additional information regarding the Convertible Note.
May 9, 2014 filing - May 5, 2014, we issued 41,699,956 shares of common stock to WHC Capital,LLC to convert $16,054.48 in partial principal and interest due under a 12%
Secured Convertible Debenture
July 11, 2014 filing - On May 27, 2014, we issued 82,320,000 shares of common stock to WHC Capital LLC to convert $45,276 in partial principal and interest due under the 12% Secured
Convertible Debenture
July 11, 2014 filing - On July 10, 2014, we issued 86,644,000 shares of common stock to WHC Capital LLC to convert $42,888.78 in principal and interest due under the 12% Secured
Convertible Debenture. The issuance was made pursuant to a June 18, 2014 notice of conversion.
Note #4: JSJ (more than one note to JSJ)
August 5, 2013, we issued a $27,500 convertible note (the "JSJ Note") to JSJ.
The JSJ Note is due and payable in six months from issuance at a premium of 125%
of the principal amount.
April 21, 2014 filing - February 2014, JSJ Investments, Inc. converted $28,875 in principal and interest owed to it under a $27,500 convertible note filed as Exhibit 4.7 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013 into an aggregate of 16,041,667 shares of our common stock.
July 11, 2014 filing - June 10, 2014, we issued a $50,000 12% Convertible Note (the "JSJ Note") to JSJ. The JSJ Note is due and payable on December 30, 2014 at a premium of 150% of the principal amount upon approval and acceptance by JSJ Investments; provided, however, that the principal balance of the note is payable on demand.
July 23, 2014 filing - July 11, 2014, we issued another $50,000 12% Convertible Note to JSJ (together with the June 10, 2014 12% Convertible Note, the “JSJ Notes”) with a maturity date of January 11, 2015. The JSJ Notes are identical in all respects other than the stated maturity date.
Note #5: LG (SPA, note 1 and note 2 listed) (Gel is listed)
October 2, 2013, we issued a $55,000 convertible note (the "LG Note") to LG
with an original issue discount of 10% covering $5,000 in LG's due diligence and
legal fees in connection with the LG Note. The LG Note is due and payable on
October 2, 2015, with interest payable in our common stock. If we fail to repay
the LG Note upon maturity, a default interest rate of 24% shall also apply from
such date, or at the highest rate permitted by law.
April 21, 2014 filing - March 5, 2014, we issued a $53,000 8% convertible, redeemable note (the “LG Note”) to LG with an original issue discount covering $3,000 in LG’s legal fees in connection with the LG Note. The LG Note is due and payable on March 5, 2015, with interest payable in shares of our common stock.
July 11, 2014 filing - May 24, 2014, we entered into a Securities Purchase Agreement with LG (the"LG SPA") under which we agreed to issue two 9% convertible notes in the
principal amount of $50,000 each for an aggregate principal amount of $100,000
(each a "LG Note") in exchange for (i) $50,000 in cash for the first LG Note;
and (ii) for the second LG Note, a $50,000 promissory note issued by LG to us
(the "LG Payment Note") due January 30, 2015. The LG Notes are due and payable on May 30, 2015, with interest payable inshares of common stock. The descriptions above of the LG SPA, the first LG GEL Note, the Second LGANote, and the LG Payment Note do not purport to be complete and are qualified intheir entirety by reference to the full text of the LG SPA, the first LG GELNote, the Second LGA Note, and the LG Payment Note, a copy of which is filed as
4.2, 4.3, 4.4 and 99.2 hereto, respectively.
July 11, 2014 filing - On June 4, 2014, we issued 54,685,981 shares of common stock to LG to convert $32,811.59 in principal and interest due under the 9% Convertible Redeemable
Note dated October 2, 2013 (the "2013 LG Note"). The issuance was made pursuant to a May 27, 2014 notice of conversion and fully paid off the 2013 LG Note.
Note #6: Asher (SPA and Note)
September 30, 2013 and November 11, 2013, we entered into Securities Purchase
Agreements (the "Asher SPAs") and 8% Convertible Promissory Notes (the "Asher
Notes") with Asher in the principal amounts of $37,500 and $53,000,
Respectively.
Feb. 4, 2014 51,934,320*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of promissory note(s), subject to the right of the issuer to repay the note(s) as set forth in the terms of the note(s) Percent of Class Represented by Amount in Row (9) 9.99% (based on the total of 519,863,070 outstanding shares of Common Stock)
April 21, 2014 filing - April 2014 prior to the date of this Quarterly Report, Asher converted $46,000 in principal and interest owed to it under convertible promissory notes in substantially the form filed as Exhibit 4.9 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013 into an aggregate of 51,685,393 shares of our common stock.
May 9, 2014 filing - April 21, 2014, we issued 5,364,706 shares of common stock to Asher
Enterprises, Inc. to convert $7,000 in partial principal and interest due under
8% Convertible Promissory Notes
Note #7: GEL
January 24, 2014, we agreed with GEL to reduce the second of four $75,000 Secured Promissory Note issued by GEL to us (each, a “GEL Payment Note”) as consideration the second of four $75,000 6% Convertible Redeemable Secured Notes (each, a “Back End Note”) issued by us to GEL in the form filed as Exhibit 4.12 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013, to $35,000 and extend the maturity date of the amended GEL Payment Note to April 24, 2014, and received the remaining $40,000 GEL Payment Note in March 2014 to complete the originally contemplated $75,000 tranche.
April 21, 2014 filing December 2013 through February 2014, GEL converted a portion of the principal and interest owed to it under a $50,000 6% Convertible Redeemable Note filed as Exhibit 4.11 to our Annual Report on Form 10-K filed with the SEC on February 20, 2014 into an aggregate of 33,649,197 shares of our common stock.
April 21, 2014 filing - March and April 2014 prior to the date of this Quarterly Report, GEL converted a portion of the principal and interest owed to it under a $50,000 6% Convertible Redeemable Note filed as Exhibit 4.11 to our Annual Report on Form 10-K filed with the SEC on February 20, 2014 into an aggregate of 89,946,818 shares of our common stock.
May 9, 2014 filing - May 5, 2014, we issued 17,000,000 shares of common stock to GEL
Properties, LLC to convert $1,020 in partial principal and interest due under 6%
Convertible Redeemable Secured Notes
July 11, 2014 filing - On April 28, 2014, we issued a $40,000 8% Convertible Redeemable Note to GEL(the "GEL Note") in exchange for a $40,000 Collateralized Secured Promissory
Note due December 27, 2014 (contingent on our continuing to meet current
information requirements of Rule 144 under the Securities Act) issued by GEL to
us (the "GEL Payment Note"), bearing interest at the rate of 8% per annum and
secured by a $75,000 8% convertible promissory note issued by BioNeutral, Inc.
to GEL. Provided, however, we agreed that to reimburse GEL $6,000 in legal fees
and due diligence fees paid by GEL.The GEL Note is due and payable on April 28, 2015, with interest payable in shares of common stock.
July 11, 2014 filing - On July 11, 2014, we are issuing 11,111,698 shares of common stock to GEL Properties, LLC to convert $12,445.12 in principal and interest due under 6%
Convertible Redeemable Secured Notes. The issuance was made pursuant to a July 7, 2014 notice of conversion.
Note #8: AGS
See Claim #1 for details: “The December AGS note” - we concurrently issued to AGS a 12% Convertible Promissory Note in principal amount of $149,129.50 (the “December AGS Note”) as payment in full of the Invoices.
January 8, 2014, we issued an 18% Convertible Promissory Note in principal amount of $19,000 (the “January AGS Note”; together with the December AGS Note, the “AGS Notes”) to AGS.
April 21, 2014 filing - March 2014, AGS converted a portion of the principal and interest owed to it under the AGS Notes filed as Exhibits 4.2 and 4.3 hereto into an aggregate of 124,401,880 shares of our common stock.
Note #9: JMJ Financial
April 21, 2014 filing - From January through February 2014, JMJ Financial converted a portion of the principal and interest owed to it under a promissory note filed as Exhibit 4.13 to our Annual Report on Form 10-K filed with the SEC on February 20, 2014 into an aggregate of 11,500,000 shares of our common stock.
April 21, 2014 filing - March and April 2014 prior to the date of this Quarterly Report, JMJ Financial converted $47,161.67 in principal and interest owed to it under a promissory note filed as Exhibit 4.13 to our Annual Report on Form 10-K filed with the SEC on February 20, 2014 into an aggregate of 116,747,628 shares of our common stock.
July 11, 2014 filing - June 13, 2014, we issued 30,000,000 to JMJ Financial to convert $15,000 of partial principal and interest due under the Promissory Note. The issuance was made pursuant to a June 10, 2014 notice of conversion.
July 11, 2014 filing - On July 10, 2014, we issued 50,000,000 to JMJ Financial to convert $22,500 of partial principal and interest due under the Promissory Note. The issuance was made pursuant to a July 8, 2014 notice of conversion.
Settlement Claims/Agreements:
Claim #1: AGS
January 30, 2014, we entered into a Settlement Agreement and Release (the “AGS Settlement”) with AGS to settle an action brought by AGS against us in the Circuit Court of the Second Judicial Circuit, Leon County, Florida (the “Court”) for our failure to pay certain invoices (the “Invoices”) purchased by AGS from certain creditors of ours, including (i) $17,901.30 owed by us to Active Media Publishing, LLC, an entity controlled by Benny R. Powell, an officer and director of us; and (ii) $56,352 owed by us to Glass House Graphics, a sole proprietorship owned by David Campiti an officer and director of us. Following a fairness hearing pursuant to Section 3(a)(10) of the Securities Act of 1933, the Court approved and we concurrently issued to AGS a 12% Convertible Promissory Note in principal amount of $149,129.50 (the “December AGS Note”) as payment in full of the Invoices.
April 21, 2014 filing - February 2014, AGS converted a portion of the principal and interest owed to it under the AGS Notes filed as Exhibits 4.2 and 4.3 hereto into an aggregate of 54,992,695 shares of our common stock.
Claim #2: IBC
February 5, 2014, we entered into a Settlement Agreement and Release (the “IBC Settlement”) with IBC to settle an action brought by IBC against us in the Circuit Court of the Twelfth Judicial Circuit, Saratosa County, Florida (the “Court”) for our failure to pay certain invoices (the “Invoices”) purchased by IBC from certain creditors of ours, none of whom were related parties of us or our affiliates. Following a fairness hearing pursuant to Section 3(a)(10) of the Securities Act of 1933, the Court approved and we issued to IBC 7,500,000 shares of common stock as payment in full of the Invoices and agreed to issue to IBC in one or more tranches as necessary that certain number of shares equal to the $102,000 owed under the Invoices divided by the IBC Repayment Price (as defined below) (the “Repayment Obligation”). IBC and we agreed that IBC does not intend to own more than 9.99% of our outstanding common stock at any time (the “Limitation”).
April 21, 2014 filing - February 2014, IBC converted $26,125 in Repayment Obligations owed to it under the IBC Settlement filed as Exhibit 4.4 hereto into an aggregate of 22,500,000 shares of our common stock.
April 21, 2014 filing - March 2014, IBC converted $76,235.00 in Repayment Obligations owed to it under the IBC Settlement filed as Exhibit 4.4 hereto into an aggregate of 140,077,922 shares of our common stock.
July 17, 2014 filing - 52,010,944 shares of Common Stock were, as of February 7, 2014 (the “Settlement Date”). IBC commenced the Action against the Issuer on February 6, 2014 to recover $102,000 of past-due accounts payable of the Issuer, which IBC had purchased from vendors of the Issuer pursuant to terms of separate receivable purchase agreements between IBC and such vendors (the “Claim”). The Order provides for the full and final settlement of the Claim and the Action.
July 17, 2014 filing - 13g/a filed and IBC shares now equal zero.
Claim #3: IMI
April 21, 2014 filing - April 2014 prior to the date of this Quarterly Report, we issued an aggregate of 14,541,570 shares to IMI as required by our Service Agreement, as amended, with IMI as disclosed in our Annual Report on Form 10-K filed February 20, 2014.
Stock shares outstanding attributable to convertible debt listed by date and conversion notices from the filings whenever listed as a whole:
August 31, 2013 There were approximately 28,985,500 common stock equivalents outstanding, attributable to the convertible debt agreements.
Jan. 14, 2014 10q In December 2013 and January 2014, four convertible debt holders converted an aggregate of $131,095.34 in principal and interest for an aggregate of
63,019,244 shares of our common stock. In December 2013, two debt holders also
converted debt owed to them for an aggregate of 17,416,667 shares of our common
stock. All conversions were performed pursuant to the underlying terms of their
convertible debt.
April. 21, 2014 During the three month period ending November 30, 2013, the Company issued 22,636,273 shares of its common stock in satisfaction of convertible obligations in the amount of $60,000. During the three month period ending February 28, 2014, the Company issued 244,324,232 shares of its common stock in satisfaction of convertible obligations, in the amount of $405,000.
Convertible debt holders converted debt in exchange for 809,270,319 shares of common stock.
In the period subsequent to February 28, 2014, the Company issued 14,541,570 common shares to consultants, under agreement, in satisfaction of amounts payable.
The Company has issued convertible notes in exchange for proceeds, in the amount of $53,000, less fees charged.
July 23, 2014 filing - 10q - As of July 18, 2014, there were 2,171,534,973 shares of the Company's common stock, $0.001 par value per share, issued and outstanding.
Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. There were approximately 1,545,000,000 common stock equivalents outstanding at May 31, 2014, related to the convertible debt arrangements, which have been excluded from diluted earnings per share since their effect would have been anti-dilutive.
During the year ending August 31, 2013 the Company entered into a stock buy-back plan, whereby 1,785,900 shares were repurchased for $55,000 cost. The shares remain in the name of the Corporation until such time as they are cancelled.
During the three and nine month periods ending May 31, 2014, the Company issued 1,202,602,616 and 1,451,432,007 shares of its common stock in upon conversion of $666,180 and $1,071,180 of convertible notes payable, respectively. The Company recognized a loss in the amount of $3,996,268 and $4,589,509, respectively, resulting from the excess in the fair market value of the stock above that of the retired debt.
Thanks again Hierophant, appreciate that - btw monolith is a new way to look at it . I'm just glad the time has finally come to truly see a line of sustaining products.
One thing we all have to keep in mind as well is the timeline for ZWAGbox. I think someone else mentioned already - sorry I can't remember who - but Markiplier is for 4 months and they will have to release the next "star" By October in order for people start ordering for the December box. The 15th is the monthly cut off dates. So, the December box cut off will be November 15th. They will need to have the next person on deck and out front in October at the latest in order for people to get subscribing. No idea who the next will be, perhaps they unload the guest list at Comic-con - that would be nice - along with actual Zwagbox orders, which they will definitely know since the cut off has come and gone. They did say themes are worked out for a full-year, and that was at first announcement.
best of luck as we move this monster forward. docg
Very welcome Hierophant - definitely some hurdles to overcome, revenue postings with filings will be the turning point one way or another. I am one of the optimists here only because I really like the products and the fact we have outside support in Glowdot and Markiplier (well, he's technically inside, but has his own brand to protect).
It is going to get extremely interesting in less than a week, and then from there on with the start and end of CC - shipping of Markiplier Comics, ZWAGbox, and the full press of POWfolio. good luck and take care, docg
I have it on the info page if you click show intro - yes it's long and most will skip it, but I've updated a lot and at the bottom is the updated share structure from Pacific Transfer. I'll try to check every week or two. hope that helps make checking easier. docg
Share structure update as of 7/14/16 from Pacific Stock Transfer:
Good Afternoon,
Please see below information for Red Giant Entertainment Inc. as of 7-14-2016.
Authorized: 12,000,000,000
Issued and Outstanding: 8,071,367,362
Restricted: 507,387,002
7/1/16 7,542,600,695 (7/1/16)
Increased by 528,766,667
Also want to add Today 7/15/16 is the cut off day for ZWAGbox. Midnight tonight they will have the exact subscription numbers based on what has already been posted by Red Giant and from the Cratejoy.com scheduling guidelines. That doesn't mean they will share it with us, but the cut off will be done and then its 3 weeks to get the first boxes (first week of Aug.)
Powfolio is still going strong on Apple and Android is still in the 1 - 5,000 download range. Appannie updates google play info every 7 days from what I could tell so I won't know anything new until 7/20. Obviously not download numbers to mean anything substantial, but it appears as coop mentioned, major update coming soon with premium content and subscriptions (via twitter post from POWfolio).
And last but not least Markiplier is in full release mode in less than two weeks!
No one likes the O/S, but considering the product development, and release to consumers, it is just a matter of time to see those financials (yes some I know there is still a lot of skepticism due to the past) so, I guess we'll see in due time. docg
Mark actually did buy according to the details on edgar.
Markiplier Share Purchase Agreement Details
This is part of the details:
WHEREAS, the Company has offered to sell to the Investor 30,000,000 shares of
Common Stock (the "Common Shares") for $50,000 and 5,000,000 shares of its
proposed Series Z Preferred Stock (the "Preferred Shares"; together with the
Common Shares, the "Shares") for an purchase price of $150,000 for an aggregate
purchase price of $200,000 (the "Purchase Price");
That being said - and as coop shared earlier - need to get those filings current and showing strong revenues to see big changes. docg
POWfolio just had an interesting tweet come through that was a Retweet from Chris Murrin (Editor at FX networks - more accurately from his twitter page: Editor at FX Networks (see link). Editor: Action Lab's Ghoul Scouts and Athena Voltaire; LawDog Comics; ArchBlue. Writer: Dude What?; Red Stylo; CrownTaker.
Los Angeles, CA·Chris Murrin Link to his youtube page
Youtube link for Chris Murrin if other one doesn't work
He just gave a short plug for POWfolio:Chris Murrin? @ChrisMurrin
John Wayne fans, now you can read his comic adventures free on the @powfolio app!
He included a screen snapshot of John Wayne's page on POWfolio.
It doesn't take much to make things really explode once the flood gates open.
As far as I know he is the first major media connection to have at least mentioned POWfolio. No it's not some major news announcement, but certainly doesn't hurt to see the word spreading.
good evening to everyone - sorry not in posting as much, just extremely busy. I'm keeping up on posts overall though. And thanks Mr/Green for that extra post of info.
thedocg.
Thanks coop - You made a good point about new apps. I remember Rick Strom - glowdot ceo saying that to have to be a great to be great in the app store, luckily it worked out and we've been ranked very well. Now we need the same progress in Googleplay.
Also, thanks for helping with the notes as well. You and Rickn shared some good details in there. It is a tough trail to follow for sure, but at least there is a finite number. Still working on them so definitely not ready to post yet.
take care, docg
Appannie.com now has at least a download range - 50-100 for POWfolio as of yesterday. Appannie is always basing on data from the previous day.
It only shows 50+ in googleplay, which makes appannie.com much more accurate.
Honestly, I really didn't know what to expect in terms of how many downloads they would have. But after looking at how the app progressed in the app store it makes sense. Googleplay rankings as best can be understood are based on installs, uninstalls, and app ranks by users for the most part, but it really isn't quite as simple as that according to this article that interviewed an app developer about googleplay;
Google play rankings explained by the Nativex games task force
One thing that helps get your app noticed is the search ranking. For example, POWfolio ranked highest in the search "android manga reader" #14 as of yesterday. That means someone who searched "android manga reader" would get a list of apps and POWfolio was #14 on the list.
I have no idea how that aspect works, but it's about search optimization - getting your app noticed using key words to improve ranking in that search.
POWfolio on Android is massive in terms of global reach. POWfolio took about 3 weeks to reach it's high status in the app store, so it will be about the same time frame when Comic con opens.
Also noticed, they updated the iOS version as well and it's rankings are virtually unchanged since the end of May - top comic app ranking in app store for free books category.
Going to be an interesting month ahead in my opinion. docg
I haven't decided yet if I will put those with the actual note holder or as lump summary. But it's not clear they would automatically apply. It looked like hoppel settlement didn't include any fines, just what they owed him, unless I missed something, which is possible, but appeared the daily fines weren't tacked on at the end of his settlement.
The notes you have are probably same ones I saw, and it's a crap shoot as to if they already cashed out or not. As I shared earlier, it appears based on trading summaries that most should be empty in my opinion but without filings it's not a guarantee.
One thing not brought up is the $5 million line of credit they established early on and have tapped them a few times. It's not clear if that line of credit is still open or they went a different route. Just won't know for sure until filings are current.
Thanks for the good luck wishes, never hurts. Docg
Please read! The intro page has been heavily updated and includes current REDG products, but also a complete listing of all filings with short summary of key points from the filing. In some cases, for example notes, I copied and pasted the entire details and makes the key points longer to read. My intent is just to provide information for people to use more efficiently. Anyone can dig further if they find some details too brief for their liking.
I also added a spot that will have weekly or bi-weekly share structure updates, and also some helpful quick links. Anyone wanting an O/S update can look at the end of the intro. Emailing them works real fast to if you don't want to call and you want to check yourself.
Hope it helps everyone, thedocg