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I don't think we will have an adequate website by early November. I never expected that. But we should have one by the beginning of the year.
I hope they are making realistic decisions and working to execute them. In my opinion, we need to have hundreds of channels in the long run, and tens of thousands of units of content. There should always be some free videos, eal nice looking ones, but not necessarily things people want to watch. About 80% should be subscription based and the rest PPV. I believe that if people want to watch a PPV, they should be required to get a subscription first. But that the monthly subscription should not be more than $5.
I also believe that a few thousand customers will get us on the way. At the end of SEptember and beginning of October, we had a flurry of traffic. Based on the Alexa and Compete numbers, unique visitors to the side nearly double from under 800 per month to around 1,500. This means that based on the announcement alone, we got an extra 700 viewres for a few days there. Imagine what will happen in early November when the launch occurs. We will probably get much more than that. And if what we show is worthwhile, subscriptions will come in right away. five dollars a months and three month for the price of one as an introduction. That's what i would do, but heck, I am not making the decisions. If they make the right decisions, this can move up rapidly.
You are fighting a losing battle. Your peers are dying out.
And we will hang JOE by his toes, and put a tiny sombrero over his downbelow headpiece.
But you have nothing against the millions of government employees put to work by our derilict government, specially those assigned task of murdering millions in other countries. And you have nothing against the voodoo loving ex-governor of Alaska that ran herself out of office instead of facing the piepr. She reminds me of Nixon, who left Vietnam so that he could partake with the Maoists.
Nope, I didn't read the whole article. Time is at a premium.My fault. But I am glad to see that we are on the same page.
No, you are completely wrong. Why are you using the bogus inflation numbers provided by the government. Use the real numbers as provided by www.shadowstats.com. These numbers put out by this outfit led by Walter (John) Williams.
I was around in 1980. I was thirty-two, playing the market, and was writing short articles for a now defunct small magazine out of central Florida ran by a survivalist that lived in the outback, and who later got killed in Costa Rica during some minor outbreak of hostilities.
I can tell you that inflation has been much higher than the government numbers. From 1975 to 1977, I rented a small apartment for $55 a month. In 1980, I bought a , very nice Camaro with less than 3,000 miles for less than $3,000. A nice breakfast at a good diner was less than $1, and it included a drink. A coke at a machine was .20 to .25. A nice pair of jeans was $3. A t-shirt was 99 cents. That was the time of a pitcher of beer for less than a dollar, a paper back book for less than a dollar, a good whore for $50, an ounce of primo for $30 to 50, a monthly electric bill during the winter in Chicago for less than $50, a week's worth of grocery for one person for under 420, etc.
According to Shadow Stats, $1,000 back then is the equivalent of about $7,000 right now; not $2,000+. And having lived through the period, I have to say that he is right. The only things that are lagging in price appreciation for the most part are commodities, from precious metal to energy sources to food. Get acquainted with that website. It is very good.
That would certainly be the end game. However, there are too many powers at work in this world for that to take place in the near future. We won't be around to see it.
Meantime other things can happen. I am sure you have read about the next step in debasing the currency. Gold was out in the 30s, silver in the 60's, and next will be nickle. So, save your nickles. The metal in the coin is already worth more than the value of the coin. And the same is true about pennies.
I know some people who are just saving all the coins they can on the believe that the day is coming when the American paper currency is so debased that a silverless dine will be worth more than a Ben Franklin. The American coins will go officially out of circulation, but people will use them in the black market for small trades. Silver coins will be used for mediumzestrades, and gold coins for larger sizes trades. There will be a black market every where. businesses will operate at two levels whereeer possible. exactly how this will develop, it is hard to tell, but I do expect it.
And the World Series MVP just from thinking about the coming event ...
I am very well aware of that. The appreciation of the Yuan has been taking place for some time, but slowly. If you look at the chart closely, you will realize that the Chinese government has stopped the gradual depreciation of the dollar. The dollar denominated securities in their portfolio were losing ground. I have read that they are buying precious and non-precious metals as a hedge.
Moving away from the dollar is something that any foreign government or large corporation should be doing. Sooner or later, we will lose our empire: geographically, militarily, economically and currencywise.
There is some smattering of truth here. the problem is that we accostumed to consumed good produced by someone who gets paid a fraction of what we do. For us to consume more of what we produce, we will have to be willing to pay much higher prices, and that will not happen overnight. To achieve that we must first see a Third World where workers are getting paid wages cloaer to our own level, and that we can neither promote or stop.
A few years back, there was a story in the internet about some workers who had formed their own clothing company in North Carolina that approached Wal-Mart. After some discussion, it became clearly evident that there was no possible way the deal could work out because the USA based company could not generate a profit even if all of its workers only took minimum wage.
The problem was that the cost of the business is all done by workers who get paid much more. Almost all of the other costs of the NC company, other than paying it workers, was being provided by other company with highly paid employees, and thus, expenses could not be trimmed enough.
Once the value of the dollar declines substantially, then jobs can again appear in certain industries within the United States. I read somewhere that for us to be competitive with China, the value of the dollar must decline considerably against the yuan. Maybe as low as 2:1 yuan to dollar ratio. but the Chinese are going to try to stop such a thing, at least at first, because it means that their dollar denominated investments have become nearly worthless.
I meant to say Joost; not Hulu. By the time I returned to the post, the fifteen minutes alloted to make corrections had passed. And to clarify things. Even Joost is not yet history, and until a business is dead and gone, there is a chance it could recover. RLTR is an example thereof. If they only make the right decisions, it can still be a winner.
As for Barry, we should discuss him. Sure, he is history. But those who do not know history are bound to repeat it. I can't count the number of times in business that I have seen people do the same thing over and over again, and it never worked.
I hope current management understands the mistakes that Barry made, and they are able to avoid falling into the same traps.
To me it was obvious the day the Sony content became available that there were going to be problems. Go back if you don't believe me. I spent months complaining and practically no body even wanted to hear it, either here or at RLTR's offices.
Currently, I don't know. I just hope that they are doing the right things. Selling products online usually works for businesses that have focus, a well-defined product line that can attact customers. We also know that a general television format is only marginally profitable in this model, if at all. the cable and satellite competition is very well established, and we need some sort of unique approach. Movies onlline with a PPV model seems to me the way to go, but not while charging high prices for worn-out reruns or second rate flicks. Also, the 24 timeframe to watch is a problem.
If they can have a wide enough horizontal programing platarm at a cheap enough price, if they can have several stations selling products to specific market segments, if they can sell PPVs at a low enough price with a 100 hours window-to-watch, then, we have a very good chance. Otherwise, I see little chance for success.
This is really good.
Yeap, I saw that one. I couldn't agree more.
We've heard all that crap again. Like usually, conservatives suffer from some kind of psychosis that makes them see what never happened, hear what was never said and read what was never written.
That's funny.
But as to Barry, I want to answer what was said elsewhere and questions thrown out recently.
Barry failed not because he has the mindset of a crook, which I have no doubt about since there are so many instances in which he acted with disregard for the stockholders.
He failed because he did not understand what needed to be done. Auss thinks that if the Sony deal had worked out, we would be singing a different tune here. And although that is true, the Sony deal did not work out because it was based on some ridiculous business premises, such as viewer willing to pay a high price for flicks already playing on TV or which practically everybody had watched or which was second rate. Also the window to view of 24 hours was too short, and the upfront fee was just dumb. And, if anybody here thinks that is hindsight. Well, it is not. I, amongst other, thoroughly criticized the business model at that time.
But that is history. However, we are now at a similar juncture. We are at a place somewhat akin to where we were a month or two before the Sony launch. Will the manage come out with a worthwhile business model that will genrate revenues? That is not known to us at this time, but it will soon.
All I can say is that we better have thousands of content units to show; that we have a subscription rate not more than about $5; that 5 to 10 % of all content is free of charge, 80% subscription based and the rest PPV. I don't believe that they can make money from going head-to-head with cable and satellite, which is what I fear they are planning to do. That's basically what Hulu tried to do, and they failed. It seems like we are trying to copy that as well as the idea of selling good via TV. I don't think that will pay off either. Success will be in doing the PPVs in the right fashion. Maybe a combination of all these things will work, but history shows that internet business tend to succeed when they are highly focus at the beginning and not all over the place.
Return the Southwest to Mexico! Viva Mexico! In fifty years they will annex the USA.
You really have contempt for the truth.
O.K., I get it. You are trying to tell us that LBWR is the next SIAF.
Why do you do this, asus? Are you trying to torture us by reminding us of the money we could have made? LOL
I think that no one with an IQ of less than 200 should be allowed to vote.
I was measured at 210 when I answered the questions at random and smeared glue on the paper. So, its a safe bet for me now. Maybe I might be lucky enough to be the only one voting.
I guess we won't have to worry about how you will vote if the "No Voting Rights" Party takes over.
I think very highly of Todd. I had a lot of interchanges with him, and I was very pleased. He also talked and exchanged e-mails with a friend of mine who is in the business of building website, and he was very pleased with Todd, his enthusiasm and willingness to work.
What happened with Todd is a complex issue. It is also what happened with others there. In one of my conversation with Mark, he said that some people were really not producing and really had a bad disposition, but he said nothing bad about Todd. He said that the only reason Todd had to go is becuse he was not qualified to do what needed to be done, and they needed someone with more expertise. And they simply didn't have the money to keep an extra person that was not going to be fully occupied for a while.
As for all the legal actions. It is just part of the process. They have every intention of paying all arrears duly owned anybody. I don't know which ones have been paid yet. Using a layer for some of these issues is just a matter of having a professional handle affairs without the risk that someone in the company will get found to be in the middle of it.
I know exactly what they are doing. I have seen the process before. Although a lawyer is not needed in most cases to clear certain payroll issues, in others that might not be the same. Mark never gave me details, but said that once all the issues are clear, we will be able to tell what really transpired during the last couple of years of Barry's tenure. It seems like the guy hardly ever made any payroll related tax payments or filed returns.
Save all your silver coins. I also red an article about nickels. With high inflation, the nickel in a nickel may end up being worth a lot more than five cents. And I also have friends who are just throwing all their coins in a box, and later rolling these up on the believe that someday a penny might be worth more than a 100 dollar bill. Local trading, specially if you live out in the country, may take place in currency that will not be available as legal tender.
It might, but I have my doubts. The moment inflation kicks in, it will start going up big time. Nominally, I doubt it will get within our life time. It might be at 100,000 in a few short years, but possibly, in actuality, based on the value of the dollar, it might just be 1,000.
I have a friend who worked at a telemarketing call center years ago. He stayed there for years and was highly promoted until he was promoted to the level of making personal calls, was given a car and a credit card. So was another mutual friend. They were, and still are, druggy alcoholics. The one that was my close friend was finally fired from this company years after because he decided to take a vacation on the company's credit card instead of going to work on a Monday morning. He just drove on the wrong direction to the beach instead of going to meet his appointments.
The other guy got so drunk at an executive meeting at Myrtle Beach that he was fired on the spot.
I asked both of them how they could do that job and they simply said; "That's easy. You must be able to get a kick out of lying and bullshitting people. We go to work drunk and stone all the time. That's the only way anyone can do the work. All the nice people last a day or less."
02/31/9867
06/15/2011
14/05/0789 of the new era calendar
08/23/2133
That's right, shermann. I know a couple of people who started a business with a beat-up pick up truck and a handful of tools, and thirty years later, they had twenty trucks and expensive heavy equipment, and gave work to 100 people. They did it with hard work. My hat is off to them. They sure did a lot more with a lot less than me.
And I know a couple of once multi-millionaires who threw their money away in businesses that should have been successful if they had been willing to work these. And, I know my share of people who gave their hard earned money to some clown to get a business started, and the clowns threw their money away along with his.
If you had bought my house, I would have bought your shares. LOL
I worked hard at low paying jobs when I was young. I made money on much better paying jobs based on skills. I lost money on a business. I made money on a business. I've know a couple of persons who become wealthy without hitting a lick. And some who lost practically everything from a bad business decision although they worked real hard. I've known people who have thrown buckus of money into a project without a payback. I know people who have never hit a lick and were born with a silver spoon in their mouth. I've know prostitutes, drug dealers, drug runners, bank robbers, cops, judges, attornies, politicians, etc.. I've been in the business world for more than 40 years, dealt with nearly one hundred customers, hand several businesses and worked at several places.
And I say that what you say is crap. Wealth is built by those who work; not by those who have money. They tend to be parasite; not producer. Money is made when someone works hard to produce something someone else wants. And not just a few rich people. It is millions and millions who work and buy who make a nation wealthy. The government and the rich tend to exploit whomever they can wheneer they can. The power of money makes them corrupt for the most part and makes them be able to push others over the edge.
Big corporations are not big because a handful of wealthy people have money. They are what they are because people like me save and invest.
George Bush is a crook and a neo-fascist/socialist. He belongs in the same jail cell as his good buddy Obama. If you can't tell they are two peas in a pot, I don't think you are trustworthy because your reasoning is cloudy.
Regardless of how I feel about the issue of drug testing, LBWR looks like a good risk for a big profit considering all the factors in play, from technicals and fundamentals to the mindset of many in industry.
I know you are just posting. I have posted things with which I did not agree in order to show others what someone is saying. My feelings about this are not directed at you but at the article.
What makes this report meaningless is when they refer to those who have "deep rooted beliefs" as "all that crap".
But furthermore, it also ignores other things. So a telemarketer claims that people quit because of drugs. No, they do not. They quit because they are not so hard-up that they have to lie on the phone to cheat the potential customers.
As far as testing, I can understand testing of pilots, drivers, etc. The problem here is that one can be impaired by having drank alcohol the prior day and not show it through a test. Meanwhile someone who smoked pot three weeks ago can test positive. And even a person who was casually exposed can test positive. And don't tell me caffeine is not problematic. But nobody test caffeine.
Years ago a friend of mine worked at a software company. The company decided to start screening both existing and new employees. The harsh pusnihment that they were going to give their current employees had to be disregarded when the results came back and numerous employees refused to abide just like some even refused to be tested. Then, the quality of the new recruits declined, and they ended up having to hire more expensive workers as contractual employees. At the end, they just discontinued the program.
In fact, my friend got busted for pot possession during that time, and the company completely ignored their new internal policies because they didn't want to lose the fellow.
There are certain things wrong with that data.
First, about 50% of all houses being sold are repos. These houses are overall much smaller than the average house, older, in worst shape, if at all livable and in neighborhoods and regions of the country where the price went real high before coming down.
In my area of the country, the mountains of North Carolina, prices have not come down because they never went up. Meantime, in the Miami area, where I have family and friends, prices more than doubled in a few years, and have come down just as drastically.
Even after coming down ddrastically, they are still more expensive per sq. ft. than in my part of the country.
GEO, this might be an example of what you are talking about. What are the Church of England, Duetsche Bank and Singapore doing investing in such a deal in New York? Had it not been for all the flush money coming from around the world, the property would have never changed hands for that kind of money. This is one thing I have noticed. The convergance of resources in one place push the price up to ridiculous levels. I know of some much smaller cases when people shifted their monies to other communities on the crazy assumption that those deals were better, when no local would touch the asking prices. but the outsiders went recklessly into deals that seemed ridiculous to the locals.
I don't think the time is right to do some major advertising even if we had the money. I don't think the time will be right next month or anytime this year.
I would rather see money spent on developing the infrastructure (more servers and peripherals, etc), and to try generating a limited amount of subscribers first. By that I mean 10K to 20K. Just reading some posts in the last few hours clearly leads me to bellieve that they still got big issues to resolve, and it would probably destroy the company if over 100K tried to access the site and register in one day. Let the company grow slowly. Let us test it first. Then let us give subscriptions to people we know. Then, the big launch. Save the big launch for next year.
You are 100% right about that. Financial markets and banking have become truely international. Banks use to make mortgage loans and keep these in their portfolios for 30 years until they matured. It is incredible, I know some people whose mortgages have been sold four and five times. When I started investing more than 30 years ago, trading in option, for example, was something hardly anybody even understood. Derivatives were things only a handfull of people handled. Futures markets were very small. Etc.. It is madness. So, I agree with you 100%.
What you say is true to a point. Computers do change the playing field, and in the securities market it has made it very possible for people to trade all the time, creating a benefit to certain savvy persons with the bucks to play the game in an advantageous fashion.
But there is also a lot of people who once upon a time wouldn't get involved in finacial matters that make outrageous decisions. I have some in-laws in my extended family that bought real estate in Florida at the height of the boom, and got clipped big time. I looked at some of the properties they bought, one in particular, and I couldn't believe that they paid that much money for such a place. I said little to them" "yeap, it looks like you paid a bit too much." When in reality they paid way, way too much. They bought one condo for 590K that is only a little more than 1,000 Sq. Ft., and then, they were offered 400K almost two years later, which was still too much. Now, they cannot even get a bid. They are the kind of people who sit in front of a computer' pay for financial advice via newsletters and software packages, etc, when they should just stick their money in the bank and forget it.
On the other hand, for example, computerized bookkeeping, which is what I do for a living, has reduced the cost of keeping books by 80%. Of course, some people don't know what they are doing, or think they can hire a 10/12 dollars an hour person to do the work. I had a customer that took me nearly six months to fix the mess and then file three late years of income tax returns. By the time they finished paying the IRS, they wished they had hired a professional.
The stock is moving in a three month cycle, with each of the upward pushes around the time of the quarterly statement. It should start getting some bullish price movement later this month, unless the market doesn't believe that the numbers will be good. The movement should continue to the release and thereafter it is any good.
I hope to see close to 650MM revenues due to the $2 additional fee and a little growth in subscribers. And if they can trim expenses some, we might see close to a breakeven (not EBITDA).
Lower taxes are better, but that is simplistic. The government can kill the economy with high expenditures regardless of the tax rate, and the fruits of government decisions, rotten or juicy, do not impact the market for years thereafter.
The boom of the Reagan years was the product of the lean-and-mean nature of business during the late '70s and early 80's; not Reagan's decisions. Most major infrastructure developments take many years to run their course. The seeds for the recovery that took place during the Reagan years were in place before any of his budgets came into fruition.
After that, the expansion and bull market of the 80's and 90's was a by-product of technological development and the end of the cold wat; not anything that any administration did.
A 1-for-2 split would solve the problem, but I think the problem will solve itself with the next quarterly statement.