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That is why I have been suggesting for some time that they should have done a ublic offering a while back. Not necessarily of stock, but of warrants with a 4/5 percent interest rate, something like a ten year to maturity at a 3/5 dollar price, maybe more.
I think they should have done this or something else a while back. Raise about ten million dollars, hire 5/10 people, buy some equipment, and pay 3/4 million for quality content if need be. I know that means diluting current share holders by half, but I think it would increase the chance of success. It should have been done six months ago.
Sensorman,
Quallity is much lower. On my computer, it is jumping from frame to frame, the words and video are not in sinc, and it is a small image. I know that in time they will catch up, and that we must get rolling soon. But, the competition is not here yet.
I don't see a sell off. There is no volume. There hasn;t been much volume lately. MMs trying to keep price down so that they can make a market on the way up, and make some money. I haad been very anxious about this stock until a few days ago, but the changes in the last few days lead me to believe that something is close to happening. One good press release, and we should be up and running. I think that most of the open interest is in strong hands, and that any up-swing would have to be pronounced for these people tos sell. I watch Alexa like some of you do, but what I look aat is the graph that tell me what percentage of the maarket is looking at our website. Alexa gives a percentage on world maarket of internet aas a whole, which I suspect has to be nearing one billion. Thus one percent would be 10 million, and .01 percent would be 100,000, and .001 percent would be 10,000 ten thousand. So forth and so on, and then I can determine how many people are going to reeltime on a daily basis.
Good Read.
You left out three zeros on the right side. He, he, he. Now, how did you come up with that figre. My calculations are different. 17,384,748.5
In my 30 years investing I can only remember one stock that went up ten fold in one day. I have seen many go up 2,3, 4 fold in one day. I haave seen a lot on up ten fold in a week.
However, when there is so little volume, it can happen. It is also when there is little market that the MMs can unduly influence a stock. Also they are only supposed to facilitate the market, you can bet they are not going to do so if they think they are going to lose.
I wonder how many shares are really available for traading. Beetween ICTN, a few other large holders and us smaller investors that are sitting on ours, I suspect that is the majority of the shares. It that is the case, when this stock starts moving, it would be a fast ride.
The MMs are playing one of their games. With the news from ITEX, this stock should be moving up. The way I read it, they expect to draw over 1,000 customers from the deal. After all, the e-certificates are for $50, and the deal is for 50K. But the returns from this deal aare potentially much bigger since word of mouth should draw-in people from outside the 122,000 that would be immediately receiving the communications.
Buy more. Sell your house. Push the price up, please. But do save some money for the therapist.
stockchick,
You are too smart for them.
Looking at it from another angle it could be said that this is what separates the smart from the dumb.
I don't think he is being destructive. It sound realito me.
Don't waste your time sensorman. Some of these investors just stick their head in the sand. They are nice people in one sense, but can not deal with the concerns. They are too affraid. And some of them have all or almost all their money here. Since Ii have been investing for more than 30 years, I have ran into this scenario more times than I can count. Just on posting the way you see it. It helps me analyze my investment. I take in what the bulls and the bears have to say, as well as the in-betweens. And then I make my decisions from that and my own DD.
parkwest,
I tend to agree with you. I share many of the same concern sensorman has. What we have in Reeltime is the equivalent of a huge brick and mortar store that is 99 per cent empty, and the merchandise in not organized. The home page is in need of change. What they have as home page should be reachable as a link from the home page. In the home page there should be a link to the catalog, which should contain hundreds of categories, and this categories should contain sub-categories that contain sub-categories. This catalog needs to be set-up, and be made available in the near future, even if there is only a few thousand entries in it. If one is going to have allthis secondary material, it needs to be properly organize. I am still waiting 9moving from eager to anxious) for a press release telling us about all these content providers with whom we signed deals at the show. They are moving too slow. If they need more funds, they should sell more shares in the open market or do a 504.
I agree sensorman. I hope they don't paint themselves into a corner by not having enough operating cash. They need to increase the rate at which they put up content, as well as finishing the redesign of the website. It takes money to do those things. The news today doesn't strike me as meaningful to the objective of moving this company forwards.
Are you all aware of the fact that this medium of communications lacks the intonations of the spoken word, and that what, in person, may seem humorous, etc., in writing it may convey a completely different mind-set, like rude? Or words that may seem friendly, may actually not be?
Now, ... children ...
rhustang,
I am in Blowing Rock, NC. If you are coming through this area, and want to do lunch or something, give me a ring. 828-406-0153. I can sign you in at the library in Boone if you can't find another way to access IHUB.
Just bought 10,000 more shares at .095
Ooops, sorry Ant. That does worry me a little, but I am sure they will straighten out that bug.
Oh no, just Maxwell Smart LOL
pmunch,
I appreciate the compliment "sneeky little devil".
If possible, I will party with all of you in Seattle when this thing goes big time.
I've been register with Digg for some time now, and will be watching your posts.
To others: I will answer several posts in one.
Guess who I am. I've been coming here undercover for some time now, and I am not sensorman.
Gridworks was updated, and if you have problems getting into your acccount, you need to download the new version, and then everything will work.
To the fellow that was charged twice to re-new the subcription: You were an automatic renewal, and that is why you were charged twice.
And, yes, I am still here after all concerns and apprehension, so you must know I still believe in the potential of this company.
In numerous ocassions, I have send my suggestions to management. I would like to invest more, but right now I don't have it. And when I do, I would like to invest more by buying in a public offering. I suspect that they may have to expand the number of shares outstanding in order to raise a couple of million dollars, but I hope not.
Enjoy the ride.
I was invested here a while back, and got out just before the big upswing. Oh man, I left a lot of money on the table! Now I am beginning to track this again, and will contribute now and then, specially if I reinvest. I will be following the debate.
As far as I am concerned the only problem with this back-and-forth is that we get sidetracked from the main issue, which is a debate about the pros and cons of NMKT, with the aim of giving of insight towards making a more inform decision. Getting into personal attacks upon each other, no matter how mild or polite, do not shed any light upon the financial conditions of NMKT. Please, do not debate about each other; debate the company, and we all will be the wiser for it.
This is my first post here, but I have been reading for sometime.
I am glad to hear this because I was beginning to get worried. As I said recently, I personally will not contact anyone in management and ask them questions. They are too busy to be taking questions from a lot of investors. Thank you very much, and keep us informed about your conversations.
I got out just over two years ago. My nephew and I were talking about this back then, and I finally said: "This is too high. I've been here before, and didn't get out." So, I got out but he didn't. A few months ago I decided that the price was right once again, but I did not know about the timing. So, instead of buying the stock, I sold puts at various levels and different expiration dates. Some of them will soon be put to me, and the decision I will have to make at that time is: Do I sell calls because the time is not right yet? Or do I let it sit because the up swing on the stock in inminent?
You hit it on the head. What is wrong with these studio moguls? Can't they see a money maker in front of their eyes? I only invested on RLTR after I and others I know decided that we would spend money on this service which we are not right now spending on this industry. AOL, Blockbuster, Netflix, Cable and Satellite. Give me a break! All of them together do not add up to the services that RLTR can provide if it only had access to the content. And, I am not spending dollars on these other alternatives. I will be spending dollars on this service that now are going somewhere else altogether, like hanging out at a restaurant or bar later at night, or reading. Do they understand the draw of point, click and watch, and how this will generate additional revenues?
AN OX,
Thank you for this link. I agree.
Right now there has to be millions of persons in the USA alone willing to pay for this service. I know I am one of them, and I know other persons who will. It would be great to be able to watch any movie I wish on a notebook anywhere I am in this country, or for that matter the world. What's wrong with these studios? Don't they see that this product is a money making proposition for them?!
If RLTR doesn't succeed, it will be because of the narrow-minded managers of the film industry. I invested in RLTR because I would be a customer. I would be spending money on this service that I am not now spending elsewhere in this industry. And so is the case with other persons with whom I have discussed the subject.
I agree, but the impending urgency of getting this show on the row is a matter of which they are very clearly aware. It would be nice if a couple of investors here kept in touch with the management on a regular basis while the rest of us did not bother them. These persons could then relay everything they read on this board to the management, whether it is good or bad. I am sure they need feedback, but they do not need to hear the same thing from ten different persons. I for one will not attempt to contact them. Leave that to someone else who is already far more familiar with the whole scenario than I am. I will post here, and let someone else incorporate my suggestions and critiques into their contacts with the management as they see best. I have other things to tend to, and I am also probably one of the least familiar with the whole enterprise.
I am sure they are aware of a lot more shortcomings than we have thought about. I am sure that some of them are working 100 or more hours a week. I don't know about you, but I come here, read a little, check a few links and go my way. I've got my own businesses to worry about. They, on the other had, live with this all the time. Investing requires putting a lot of trust in a product, and in the company's management. I have the trust. If this product fails it is not due to poor management or low quality product. This management deserves the break it needs to succeed. This product can revolutionize the whole industry, and I will be sticking by it for a while to come. Some studio out there: "Hey, work a deal with Reeltime for a few hundred movies. You won't regret it."
Gaucho,
While, I basically agree with you, I am in favor of adding a lot of content. The more there is; the better. My only concern with that is the organization of the material. A while back (when I was only reading the posts) someone said something about this matter. I thought about it, and realized that, if one is going to have hundreds of thousands of flicks, these better be well organized so that the material can be found quickly. I do not know exactly how to go about doing this, but it must be done. On another matter, I would not be opposed to paying a per view rate for watching premium movies. A low subscription rate would let one watch over 90%, and them a fee of 1 to 3 dollars per movie.
While the prior post does not belong here because it is a political and religious commentary, the idea of airing news in RLTR does seem like a valid posibility to explore. While Reeltime was developed for the purpose of streaming movies, the realm of possibilities is much wider. What is the thinking of RLTR management in relationship to making the company a competitor with cable and satellite? What about putting shows such as Penn & Teller on-line? How about "vanity-reels" sort of like book have vanity press? I am sure there are thousands and thousand of clips, relatively well made, that will never be seen by an audience unless a structure in which to place them is developed. How about having a grading system for all the flicks? From 10 to 0. I am sure this would be very attactive to customers. I can think of so many possibilities, but I am sure anything I think about has already been thought of by someone else.
New here, but worried.
I first invested in RLTR back in September. Added more here and there. My average price is just over .10. I was very happy at first. Technology is great. No question about that. But where is the content we were promised was on the way? What's going on? Many other companies get mentioned in the media, but we do not. Except for local articles in Seattle, I don't recollect seeing any that mentions us. Anybody has any info that we have been missing thus far?