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BennyBoy was asked by an investor on FB why there is no company news showing up in the guy's Ameritrade account. Benny explained the company has no control over a brokerages newsfeed. That explains the first part of the message.
From BennyBoy on FB:
"We dont control their news feed. But we will have more news shortly. Wrapping up some stuff (NO not the partner news yet...) now."
Penny Stock Sniper touted REDG today.
I don't get their reports, so I'm not sure what was said...but it's on their watch list.
A couple things about Friday and Monday's accumulation.
Before the big run to .017 last Spring, there was stealth accumulation a month or so before the run. There were sudden 20-40 million volume days in February, then the volume died back down for a few weeks. It appears the stock was accumulated in a stealth way so to not tip off the market in advance - which is usually how the game goes.
Whoever loaded up back then (Wolfpack?) wasn't loading up the day or week before the pump. It appears to have been a systematic loading a month or so in advance.
That would be the smart way to do it. Buy your lots over a period of weeks so as not to call too much attention to yourself. Then let things quiet down for awhile and then pull the trigger on the promo.
Quite loading periods can go on for weeks before the eventual blast off.
Point is, those who were soaking their undies today because there was a little giveback were overreacting IMO.
I don't know who was loading the past couple days, but I'm convinced there is an orchestrated plan behind it wrapped in a future promo. They didn't load to sell it at .001 today.
I expect we'll see more 20-50 million volume days soon as more loading goes on. If the stock price doesn't move much during all the loading, then it plays out exactly as the loaders want...the two-bit gripers think nothing is happening with the stock, when behind the scenes, the stock is being accumulated and held by those who will run it down the road. JMO.
The even bigger concern is one or two losers on FB will drive BennyBoy back into his cubbyhole for several weeks.
All it takes is a couple jerks to ruin the communication for all of us.
The concern is taking too much time answering questions from a valet boy who has an ax to grind. He won't let it go. And that is taking the CEO away from more important things.
If you're BennyBoy, you don't take the bait and get dragged into a pizzing match with someone who is just blowing up the company FB page with garbage.
Block the clown.
RE: Todays' posts on REDG official FB page.
It's great to see BennyBoy interact with shareholders regularly now on FB.
However, some good judgment needs to be applied here. I don't want to see the CEO get into a time wasting pizzing match with a college boy who works as a valet and is bent on attacking on the FB page.
That is different from Kirak or someone challenging some of Benny's claims on FB with intelligent dialogue, which I am in favor of.
It's time for BennyBoy to just start blocking a few troublemakers on the company FB page.
Penny Stock Advice put REDG on its watchlist today.
Highest close (.0011) since late January.
Already largest daily volume since Feb. 10th.
Hello .001's...welcome back.
Past runs were preceded by stealth accumulation in the 20 million - 40 million volume range for several days. The accumulation went unnoticed because it was not a super sized amount of volume. Then a few weeks after that came the behemoth volume days where over 100 million was traded and the stock ran hard.
Now 20 million on Friday, and could hit 20 million again today. That's not tons of volume but double & even treble what it has been for the avg. daily trades the past several weeks.
Quiet loading going on.
The company isn't almost bankrupt. A disclosure in your post saying your posts are for entertainment purposes only doesn't enable you to post lies about the financial condition of the company.
And if you're so convinced the company is almost bankrupt, then you are likely trying to drive down the share price to get cheaper shares. That won't happen because there is a wall of buyers lined up at .0008.
Keep an eye on the # of REDG board followers. We were at about 587 or so during the peak of the last run in early Dec.
Since then it's been a dropoff. Once the # of board followers starts to tick up day by day, it could be another sign of the beginning of accumulation.
Looks like @mikerotondo86 added a starter position in REDG a few days ago. He has 21k followers, which is not epic, but enough to get some attention in Twittersphere.
Well, that's a start. Thanks for that.
BennyBoy's latest: "GSL is coming. medusa is being reviewed by library associations and school for distribution deal But comings. JNH is done and on its way. Banzai and Exposure landed and just cleared customs and on way to new warehouse. numerous new revenue streams in development..."
Another drag of that hopium pipe for us all...whew! Hits the spot, BennyBoy.
Good response by Kirak to BennyBoy on FB:
"Since you said that you have hit every achievement, just a few where we are still waiting ...GSL, Medusa's Daughter, Japan Needs Heros or other kickstarter books like Banzai Girl or Exposure, sales, profits and alternate sources of revenue while GSL gets delayed. Anything else on the list ? I understand being proud of what you delivered so far, but to say that you are on top of every promise is a little hard to digest. Past and current history say otherwise. I am sure you will not agree, and guess that's how it will remain for us on most of the topics."
Touche...
BennyBoy's post on FB today: "Past history actually proves we do accomplish our goals. Maybe not always our desired timetables, but we have hit every achievement we sent out to, to date."
What??? They still have not even executed on the Giant Size launch! Who does he think he's fooling with that b.s.??
I appreciated his commentary on FB the past couple days, but this latest one is an insult to those have been burned by the failure of several intended launches.
This is not a scam, but several people, including Kirak have claimed Benny has misled shareholders and if that b.s. statement is his defense, then it will be a weak one. Spreading b.s. on a sandwich doesn't make the sandwich better.
That statement today makes me wonder if this guy is just a professional bull sheeter. All we have this year is numerous promises on FB and nothing to show for it.
And as I said before, he'll be bound by those promises he made on FB.
The toad was wrong about the 10Q never coming out. I'm shocked he didn't admit it.
BennyBoy's recent comments on FB are in stark contrast to the tone of the going concern statements in the 10Q.
I understand the going concern statements are necessary from a legal standpoint...but:
While there may be a safe harbor protection in the 10Q, and such going conern statements can be used to CYA if things go south for the company, Benny will still be bound by his statements on the official FB page where he said:
"We will keep our word to the following: GSL will launch. Partnerships WILL happen. Movies ARE coming. Video games too. LOTS happening. All will happen. Period."
Remember, the SEC deems FB company posts as investor communication.
So, he'll be bound by those bold proclamations. No safe harbor protection with those.
Here are Bandai's booth numbers at the e3 in June:
MR 301A, MR 301B, MR 302, MR 303A, MR 303B
www.e3expo.com for more info
Please - no coolers inside the convention center. Do your drinking on the parking lot.
On June 16-18 - Bandai Namco Games could release some news.
June 16-18 is the e3 expo in LA. Bandai said in a statement:
"Alongside our IPs we will also continue to build upon our third-party publishing and distribution..... We also have some undisclosed announcements coming soon, some of which will be revealed at E3."
Whether or not that involves Red Giant will be determined.
Keep your sticks on the ice, folks.
Yep, I was in BIEL for a 28-bagger in Feb '14. Some forum members had the chill at Ameritrade couldn't make a transaction on that symbol when they wanted to. I've seen the same thing on a few other pennies there.
I have some chump change in an Ameritrade account - I think it's the worst brokerage interface I've seen. I'm so glad they didn't buy out Etrade back in '08.
Etrade works well for me. Fidelity is another decent one.
Watch out for brokerages that have DTC chills on a lot of penny stocks....like Ameritrade.
Etrade works for me. Fidelity also, but I haven't traded REDG with Fidelity all that much.
Yes, viewing addiction is in the DSM IV as a disorder that can interfere with work / family life and may cause one to watch the thrilling movie and the exciting ads interspersed during the movie over and over racking up $$$$ for the production and distribution company.
A classic is a classic - it should come with a warning label given its addictive properties.
Lionel Richie & the do-gooder music industry may want to do a remake of "We Are the World" and dub in, "We Are Niko."
Critics love it and it is destined for the Smithsonian collection. They gave it an animated thumbs up.
As I said, a classic is a classic and it is a shame it has led to a viewing addiction. But the sheer joy of it is uplifting.
And those ads during the film are works of art in and of themselves. The Geico ads make it worth viewing over and over.
View on, America...View on.
The movie was so compelling that some couldn't stop watching it over and over. Kind of like those who keep watching Gone With the Wind dozens of times.
Hey, a classic is a classic. And a great movie leads to a viewing addiction.
I like the plural - "partner deals"
Kirak delivered BennyBoy a sucker punch BennyBlow on FB, which led to a rare back-to-back day BennyBoy sighting. Good to see him out of his man cave two days in a row.
Partnership deal...Bring it, BennyBoy.
Yep - and he'll be bound to those statements. Those are bold statements.
A partnership announcement could really boost this. Hopefully.
LOL - and just now my shop gets back to me about Red Giant not being on the distribution list they just got today for next week.
Well, at least Benny came out and said something. As I said before, no launch in April or May, a prediction I am sorry I got right.
But, I am happy to hear that there may be some news this summer on the partnership front.
Absolutely. And he said himself that the SEC considers FB posts communication with shareholders. And I know that there were some SEC rules in that regard.
I am giving Benny through May to update shareholders on FB or through a press release or a video. Otherwise, those FB posts of his in late January / early February may be something that could really spell trouble.
Shareholders could easily claim they bought more shares based on those posts.
But, like I said, I'm giving him 2 more months, which is more than enough time, to explain things. Others may not be that patient.
The smart traders never fell for that April 1st "big news day" b.s. promulgated by those who frontloaded shares and are desperately trying for a rally.
Judging by the share price, few believe the hype posts, but they just continue to waste keystrokes everyday trying to get others to buy more shares.
Come April 2nd, which of the manure salesmen will admit they were wrong? None I suspect.
The loot is under a big "W" - a big "W" I tell 'ya.
Some of the posts over in the FanBoy club (aka the Tree House) are a gas.
According to one poster, the iHubbers will soon be begging Benny for forgiveness.
There are apparently a few investors who suffer from the Stockholm Syndrome - or else they are incredibly easy marks. If I was a con, I would be knocking on their door every day with Arizona desert parcels for sale.
And no, I'm not comparing forums - there is some good info there. But fewer here seem to be so incredibly naïve.
Pennyland - ain't it grand?
I wouldn't be shocked if David eventually distances himself from REDG.
How many successful companies have their COO (yes, yes, chief creative officer, whatever) working full-time at his OWN company?
So he works full time at Glass House Graphics, as he said in his video, but has major title and responsibilities at REDG?
I've never seen that before - at least with a company that actually becomes a major success.