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News Out:
http://finance.yahoo.com/news/global-digital-solutions-files-form-201600052.html
Also, new website?
www.gdsi.co
zxcv, sad to see that you will have to learn the hard way not to be a mouthpiece for management.
Regurgitation of opinions in PRs is still stunning to see.
They say that every year folks, "20XX is going to be a year full of prosperity and growth for the company... we've never been happier with how we're situated to take advantage of these opportunities... we have realigned and are now stronger for it... we are going to put the past behind us and focus on returning value to clients and shareholders"
There, I just wrote the PR for their 2014-2020 annual PRs for this company. Why do you buy into this? Because of the words used like value and synergy? Look at the people saying these things...
Put a floor value on your time John... don't bother, it doesnt matter.
Well, okay I guess. I honestly have never heard of such a thing. I try to stay away from the reverse splits.
Lets all hope and pray that tickers influence how a company is run. Isn't that right BBRY?
Allow me to keep playing dumb then John...
Did RTGV release an announcement three weeks ago detailing that they would go to DBMM? Then, just this week, change directions and go RTGVD? Why? How hard is it for a tech company to update a pseudo website like their new landing page? And if they still do have rtg ventures as the business name, why not just go back to rtgventures.com?
Can someone please explain what is going on? I want a direct line drawn between the actions taken by the well-educated execs at this company and what they have released in their PRs. It won't add up or inspire confidence
Yet another post that adds nothing...
Any buys at 6 cents to 12 cents will blah blah blah...
How did we get to that range already? Stop it with this, you're being completely unreasonable
superhoops...
Be so kind as to point out in that press release where it says anything about a ticker change to OTCQB: DBMM. How does a publicly traded company get away with this kind of idiocy? How do they not put out their correct ticker on a page they force visitors to? Why do they not proofread the five words they have on their shell of a landing page.
Please... show me in that PR where it mentions DBMM Group, Inc. Is that Brand Entertain? Why not mention the legal name of the group that's being merged with?
And please superhoops, be a dear, and connect the dots for all of us investors... why take down a functioning site like rtgventures.com? Why not just retitle the pages and add another to detail the merge? Do they need more secrecy? If they do need secrecy, why replace the homepage at all? Why would they put a landing page that AUTOMATICALLY reroutes from rtgventures.com?
Honestly, why do you bulls think this operation is running any differently than before? They do not care what they put out there, as long as its a shiny distraction with nothing under the hood.
Wake up
The sane people know that when the bulls resort to red/bolded language and extra exclamation marks, that its gotten really bad.
Again, think clearly, the 'promise' of riches is why anyone fools around in this arena, but the management simply does not get it here, find another opportunity.
Or get burned... either way, you'll move on
and the new ticker in the bottom right?
RTGVD to DBMM?
Does anyone know ANYTHING? If the company wanted to keep things hush-hush until final, why re-route traffic from rtgventures.com to this new website? Heck, why re-route a somewhat real landing page to this idiotic shell? They wouldn't unless it was final, right? There are two things on the page; a picture and a ticker. Why put the ticker there?
So, under the assumption its final, was there any press release for the benefit of current shareholders as to homepage changes or potential ticker change (for the 2nd time)? Oh, thats right...
Progress will be shown in the most obfuscating manner possible. You will see plenty of silent periods from this company. Who remembers fall 2011? Boy that "launch" in August 2011 really got us going in the right direction...
Potential investors, stay "potential", dont turn into a current shareholder
Well i stand corrected on all my previous posts...
Clearly, people are starting to get it.
so no one knows who DBMM is?
A little humor to end the evening:
Everyone who thinks investing in RTGVD is a good idea should make their own video on how to invest and submit it to the following website for inclusion in their uploads:
No one knows who DBMM is?
Who is in charge here?
Now I'm really confused...
Had you not seen audigist? Its a site from way back that was supposed to revolutionize DRM. It supposedly still has an artist-friendly revenue split, but even with a functional site (to say nothing of how dreadful it looks), they can't sign an artist! All the connections they now have... A site and domain that is already in place (in need of a facelift)... and a business model they seriously get behind... and nothing is moving on this front.
Oh no, forget audigist and making that work, lets bail on that, and pursue 3 new ventures... Until we tire of those, then we'll try different strategies.
Also, how have you heard of Digital Clarity (previously, one of the main sources of revenue) but never heard of Reggie James?
Him and threeflight go way back... lol
Also, someone click on this link:
http://www.rtgventures.com/
Who is this company?
Is that underwater picture supposed to be an attempt to empathize with current shareholders?
Oh, and just in case you think this bodes well, here's another landing page (up for over a year now with NOTHING to show for it)
pulsestation.tv
Enjoy both of them, they're both shells where content and substance should be (getting the picture?)
Reggie James, recent CEO, the one making the claims about dilution timelines.
Before him, the criticism was lobbed at Dominic Hawes-Farley (who did a MUCH better job managing the O/S)
Please, feel free to start reading some old PRs, you will see so many parallels between what is going on now.
This is still one of the longest-running jokes on the web:
http://www.audigist360.com/
See, someone is getting the gist of it. Would they be able to pay in shares if the PPS was still down in the gutter?
They want a higher PPS in order to open up financing opportunities, this is how they have been financing their operations for a long time now. This is the same song and dance with a lower O/S (for now).
Its like people dont understand this is very very simple. The company has lamented the fact that they stopped diluting for 5 months and the PPS didn't skyrocket. They will not get this turned around, they had plenty of leeway and they burnt all the bridges. By pursuing 3 different alliances at a single point in time right after an R/S is the most telling sign that even they know they can't get it done with their current team (and they just merged with another company recently in Brand E!) I dont know how many times must this dead horse be beaten. Again, time will reveal this all over again to you guys.
Hey Reggie... a hint from a rookie: the pps will go down if you dilute outright or if there are any indications that you will dilute in the future. If you say "we will not dilute until this date", people will just price in the dilution they know is coming after said date. We can just assume payables are piling up, then you just dilute more at a later date. (you have no revenue growth to finance your operations, we're not stupid).
If you are serious with this sentiment, thats fine, you're allowed to speculate, but a dollar overnight? Boy, even in the face of some seriously dubious actions, you still take this approach with them?
Let me tell you one thing that is not on your side here... its time. Time will reveal all, best of luck pplayer, you place your faith in Linda, you will need it.
NO regard for current shareholders, we are seen as the enemy, trust me on this.
Hey 3flight...
I must admire your perseverance on this board, but why bother?
Seriously, just don't bother unless you're still on your lawsuit kick. Its absolutely pointless.
Let these "gentlemen" watch this now higher PPS dwindle down to scalpers range yet again. They'll be saying "okay, glad we got the R/S out of our system, now we are only going higher!" Allow me to let you all in on a secret boys and girls, the sky is not the limit here, the limit is .03, which we seem to be currently at. Prepare for the spiral.
Oops, I mean... enjoy the upside.
Please, for the love of every penny you have already lost, look at how many c-suite exec's they have gone through... look at how many alliances/partnerships/relationships/etc. they have burned through... look how much revenues have 'organically' grown (hint: not much)... look at ANYTHING and give me a case why we are fundamentally in a good place right now (not with the addition of another company). Hope is not a strategy. Write it down and put it next to all your research you do until you get it.
(This comes from someone who initially bought in 2011 with a whole different cast of optimists, and who still retains 250k shares at .014 cost basis and NOW owns 2500 shares with a 1.40 cost basis split-adjusted)
ladies and gentlemen... someone is who bullish on this company
Here Franklin, I'll do you one better.
Read that PC Mag again, and then read this excerpt from the RTGV shareholder letter from June:
"Pulse Station is a unique social management platform that is at the very leading edge of music and entertainment technology. The platform allows artists, their management and label to ‘house’ all the artists audio, music & video in one easy to manage environment. The system also allows the ability to upload gigs into a calendar environment and track the effectives of their live performances, PR and social media status and reach. The ability to manage all activity in one place and index this against data that is displayed in a rich reporting format, allows artists and their respective parties to make critical business decisions that were not always available before. No longer Social Media in isolation but Social Business for the new digital economy."
This sounds like the overlap of the century between Megabox and Pulse Station, and MegaBox is already in the stages of being hyped up for an anticipated launch date by a company who has delivered services that were well received by the public. Have you seen any RTGV commercials for Pulse Station? Have you compared rosters for the two services? How does RTGV overcome this? By all their strong marketing as evidenced by Digital Clarity's "success"?
Brand Entertain, per the same shareholder letter, has a few entities... lets break it down: Live N Local sounds like a local version of Groupon or LivingSocial or GiltCity. Snooze... Razor thin profits, and unhappy businesses who don't like one-time rushes of greedy consumers just shopping for the discount or deal.
Next up is Teen Star Platform, and Platform Pipeline, two of the more vague subsidiaries that either boast nominal numbers or plan to use aforementioned Pulse Station, yikes. Then there's the ability on installing music stations at National Volleyball League events. Isn't this like how they were going to corner the concerts of artists like DeadMau5 and other big names through USB technology through a partnership with Aderra in summer of 2011? Has anyone seen one update on that?
So whats the answer? Push hard on the Pulse Station launch and hope its not too late? Watch the window close and pivot again under a new company name and trading symbol (any updates there?). Go in one of 19 different directions that all of these unmanageable subsidiaries present? Why do we have 30 irons in the fire if only a handful can be managed properly? Is this seriously still a strong investment to anyone else? Plenty of questions on my end...
Since I already quoted the letter, I can't help myself. Presented without commentary:
"RTG Ventures is committed to remaining a shareholder friendly company and delivering value to all stakeholders. Communications will continue to be on a transparent basis. As such, there will be an interview between Cord Pereira, Managing Director of Brand Entertain and Reggie James, Executive Director/SVP Marketing & Communications for RTG Ventures. The interview will be scheduled shortly as there are sensitive negotiations underway which will be shared as soon as they are concluded. We understand shareholders are eager for specifics but there are issues of confidentiality, particularly in the highly competitive arena of digital media and technology. Shareholders should also be aware, now that the deal is done, things will happen very quickly. The next year will be full of exciting news and surprising developments which the Management Team is anxious to share with you."
Franklin,
That is the opposite of what I'm saying. The clock is ticking. These guys (K. Dotcom), and PLENTY of others, see social as the opportunity of today/tomorrow. Bringing artists/fans together is one subsection of the social realm of opportunity.
Another example is Louis CK and his most recent comedy hour online. He did the ticket sales, he did the marketing, he did the social outreach, etc. And he said it was a wonderful experience. His reasoning? He was tired of getting such a small portion of the proceeds. His success was incredible, over a million made. He loved it. And you know what? This example actually lends itself towards how integral RTGV could be if they could bridge the connection between artist/fan and pass along a high percentage of revenues... The problem is, artists aren't waiting. They're doing it themselves, and to great success. Another problem is, the competition won't wait either.
I can downright guarantee that it will not take two years past whatever deadline K. Dotcom sets to get a service (any service) to market. Any team with some semblance of experience knows that it hurts your company to promise one thing to the public and never deliver. So, there may be some announcement that its coming "early 2013" which is always a little vague, but when companies have something to lose, they will be transparent. (Another problem with RTGV, they must think they have nothing to lose. Someone should tell them that they have shareholder confidence to lose). I have no clue as to to K. Dotcom's management style or his team, but these would be guys that seem to know what they're doing (RTGV says they know the space, but then they launch a site like audigist.com and embarrass all of us to be involved in such an endeavor). So, the questions you need to ask are very very simple, because now companies who know what they're doing are actively forming a hype period that usually precedes a launch:
how similar will this service (other services) be to RTGV?
will they beat RTGV to market?
will they boast better artists sooner than RTGV?
If it a similar service, first to market and has a better roster, its over. this window will shut. plain and simple. I dont know why people continue to see this as a long term multi-year play. If RTGV misses the window they're banking on hitting, they'll switch gears, merge a few more times, and focus on a new offering which will be only x number of years away. Its quite linear if you think about it. If not this window, then when? When the O/S is double what it is now? And shareholders are supposed to just grit their teeth through that?
Again, if you need a review of what you get here at RTGV; a supposed launch in 8/11, then silence, turnover at the top, then mergers, then a push out to 6/2013 (still projected, but lets just suppose they hit it). All the while, diluting from 175MM O/S to over 680MM O/S and counting.
No, but please, give people a reason to be bullish while the last drops of any moat dissipate...
http://www.pcmag.com/article2/0,2817,2410249,00.asp
But no, RTGV, really, take your time...
Thats the best part of the technology space, it moves so slow and it has really really high barriers to entry. Its not like any guy who has a few bucks could start a website and offshore programming efforts.
Theres also a video on the homepage of Youtube, showcasing little bits and pieces of the service. I'm not saying I know exactly what this will entail, but it sounds like there is some serious overlap with whatever RTG is planning (revenue sharing, more of a social offering, etc.)
Oh, wait... Are people not talking about RTGV as an investment anymore? Has the conversation shifted over to simply waiting for a pop to move on? Seems like people may not want to "grow" with this company anymore...
Sorry I was so negative with all my posts before, I should've stayed positive and then acted surprised when silence brought us here.
company's infancy? okay, here's yet another chance for the 'hope' crowd to come clean. How long has this company been in existence?
Unsuccessful does not equal infancy. Changing directions every year means the company is getting older and never delivering. Imagine you having a career like that, one year in retail sales, one year at mcdonalds, one year in advertising, etc. Are you still an infant? Or just someone who couldn't put things in perspective and get it together?
RTGV starts on a bunch of different fronts, but they have been around a long time trying to get something right, that does not mean they are still figuring out how to operate a business. Wait a minute...
Where the disconnect is in your argument is that, rewinding to mid 2011, we (SH and mgmt) both wanted the same thing: launch in august 2011. August came and august went. We were still anticipating something, they gave us silence. It was this watershed moment that softened investors. We then turned to demanding something be said... Still nothing. For months. So, i ask you, if we're sooooo instrumental in the company's proceedings (which we're not), where were the answers to our pleas for transparency about the missed deadline? Where were the answers about getting out in front of Dom leaving the company and actively managing perception? Where were the answers to definitively providing a timeframe for the next launch? My vitriol was lobbed at Dom for secrecy and utter failure (he's really good at both), then it turned to Reggie when he clearly was not getting it done. And, let me be clear, by "not getting it done" I mean that all we have ever seen for the past 9 months is more talk about the industry's potential and how great the timing is. Oh yeah, and a merger and share dilution, both things we REALLY needed. Invite more people to the party so we turn a company that moves slowly on 10 fronts to a company that maneuvers even slower on 15 fronts... GREAT. How about something concrete being delivered? Stop with the synergistic leveraging, we shareholders are not children. Focus, Reggie, focus on getting something out, then leverage your revenue from said launch/success. Any actions to spite us will only put yourself in a corner with the SH community at large, and is so myopic its comedic. We hold you accountable, because EVERYONE HAS A BOSS reggie
I dont care if you were responsible directly for the mess in winter 2011 (EVERY SINGLE PERSON at rtgv was implicitly liable for that fiasco), or if you were just a bystander who said nothing as the deadline passed with no service launch in sight: If you come in to right the ship, then do what you were brought in to do. Don't change directions in the face of angered shareholders, and dont do it in secrecy. You get out in front and say "there will be changes, i understand if some of the existing shareholders do not want to follow us in a new direction, but these are things that I feel we could bring to the table as opposed to our current service..." or something. A five year old could draft a PR in advance and have some semblance of acknowledgement of failure to the PEOPLE WHO PROVIDE CAPITAL. I have no sympathy for this company, they do not understand what they are doing to shareholders.
My apologies for the capitalization, it just gets me fired up when shareholders, who displayed great patience, are getting thrown under the bus. Did we dilute O/S from 170 MM shares to 680 MM shares? Did we outsource tech development to the ukraine and not only fail to deliver but fail to communicate said failure? Are we the ones who partner with Bitemark only to rescind it? Are we the ones who partner with iPayU only to rescind it?
It seems like the company has no direction or any firm dates, and we're the ones who are screwing things up?
Where the disconnect is in your argument is that, rewinding to mid 2011, we (SH and mgmt) both wanted the same thing: launch in august 2011. August came and august went. We were still anticipating something, they gave us silence. It was this watershed moment that softened investors. We then turned to demanding something be said... Still nothing. For months. So, i ask you, if we're sooooo instrumental in the company's proceedings (which we're not), where were the answers to our pleas for transparency about the missed deadline? Where were the answers about getting out in front of Dom leaving the company and actively managing perception? Where were the answers to definitively providing a timeframe for the next launch? My vitriol was lobbed at Dom for secrecy and utter failure (he's really good at both), then it turned to Reggie when he clearly was not getting it done. And, let me be clear, by "not getting it done" I mean that all we have ever seen for the past 9 months is more talk about the industry's potential and how great the timing is.
I dont care if you were responsible directly for the mess in winter 2011 (EVERY SINGLE PERSON at rtgv was implicitly liable for that fiasco), or if you were just a bystander who said nothing as the deadline passed with no service launch in sight: If you come in to right the ship, then do what you were brought in to do. Don't change directions in the face of angered shareholders, and dont do it in secrecy. You get out in front and say "there will be changes, i understand if some of the existing shareholders do not want to follow us in a new direction, but these are things that I feel we could bring to the table as opposed to our current service..." or something. A five year old could draft a PR in advance and have some semblance of acknowledgement of failure to the PEOPLE WHO PROVIDE CAPITAL. I have no sympathy for this company, they do not understand what they are doing to shareholders.
Reposted: my thoughts from over four months ago...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74748921
I have posts from early January that ring just as true as this one... Why there was EVER an ounce of trust or confidence thrown this company's way in 2012 is beyond me
And just so everyone knows that Threeflight and I essentially came from the 'hope' crowd who used to enjoy being investors here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70036578
"a maxed out share structure at 750M OS"
i can stop you right there though, you think after these three months, that they'll just magically stop having expenses? How do you reconcile a big push to get a service out in a year without incurring additional unforeseen expenses that will inevitably lead to some sort of punishment for shareholders who hold through that time period?
So they dilute another 10% away from 680 to 750? Okay, and does that mean we dip down into the trips and stay there? Then, when we pop, we go how high before people start hitting the sell button? Who will have locked down the float when we are in the mid-trip 0's and scalpers are whipsawing this to pieces. I think a lot of things are missing, and shareholders need to be honest.
And I never said that I had anything against Steve, but signing artists just to sign them is a poor strategy. Saying "oh, well we just added so and so who was just in the top 40 of the BBC charts for a week" doesnt mean anything, and its going to be one of a few in a crowd. Don't roll out service until you have one strong name then others will follow. So, while everyone gets excited about a PR person who "writes and is involved in the music biz" being added, ZY records (pardon me for saying so) does not mean a thing. at all
let me be 100% fair: it means something to be a band and signed to a label, won't take that away from them, but aren't you shareholders? aren't we talking about moves that make millions before this stock goes into irreconcilable territory? How? When? With whom on the roster? Through what? How to scale the platform? Beating out which competitors? How to stay one step ahead of competitors? With how much revenue? Generated how? With expenses being controlled how? With how many senior instruments being converted to common stock limiting the ceiling for the common folk? Returning what to current shareholders?
And management hates shareholders... lol
she's a PR person primarily, how could that entail an inside track to all the figures/names in the industry? I have absolutely no issue with her, but I just imagine that she is not the biggest name when she has to name drop on her bio.
"uh, hey bon jovi, its claire, i interviewed you like a year/five years/six months ago, you remember me? Yeah, i thought not. Whats that? you do five interviews a day? Oh okay, well I thought if... hello? bon jovi?"
"uh, hi bono, its claire... claire bullivant... you dont remember? oh i see, well i did do that interview with you... wait a minute, dont blow me off, didn't we have something special? oh, that was just a line you gave me... well i have you listed on my credentials so thats something... its not? well anyway i was thinking, next time you're in town.... hello?"
Okay, so maybe she strikes out with her rolodex... lets turn to the ZY Records roster. Matter of fact... heres a game. go back to audigist360.com: look at ashley rodriguez, a semi-finalist on American Idol, look at Ella Montclare who was #1 in her category for myspace hits or something. Thats the level these guys tout as high-level artists, and in some respects they are (they will ALWAYS be better at making music than you or I, but we aren't artists are we?). I see five artists on ZY's roster (and they are ALL, again, better than me), but I don't see anyone who is going to remotely make a splash. Now, you could hit lightning in the bottle, and end up with a justin bieber in there (incredibly doubtful, but hey, you guys keep hoping, thats all this is). More than likely, if ashley rodriguez, who was already WELL known to the lucrative US market with being among the elite few in a given season, couldn't really get off the ground on the back of RTG's offerings (the one service they decided to go live with, lol), then how will these acts do it? With what service? One that is launched a year from now potentially? And, the ultimate question, what kind of return does that give shareholders as of now? Lets say they kill it in a year, what you shareholders need to do is figure out what the market cap of a company like that looks like, then forecast how much dilution takes place after the "moratorium", does that equate value over the holding period? Would love to see some reasonable (can't stress that word enough) calculations.
with all due respect, another joint venture? i'm sorry, but in all seriousness, was this a joke?
GASP! they already have a website? OMG, guys, these guys move soooooo fast, you'd think they have people who provided capital to them who are making demands... like shareholders of some sort...
we found the one responsible for 3.8MM at .0015
So, here's a problem I have with the fact that they needed a PR to invest. If it was real money out there, they would want something a little longer than 3 months. If it was real money, they would probably say something like "okay, i'll invest, but you need to get something out there of value" and that PR is not something of substance. Or alternatively, they could say "okay, i'll invest, but you need to start being much more transparent and consistent with PRs" and we saw no mention of there being any follow up or future PRs (or an 'awareness program') soon, which is normally something that they include if they were to embark on something consistent. So, this wasn't big money who claimed that, it was probably to try and silence this board. But, results will silence this board, so its going to be pretty loud in here for a year.
No, in fact, the most we got today was a promise not to further dilute for a grand 90 days. Will there be a launch before then? Longs have to hope, which was my strategy for a while.
By the way, will someone please post whoever it was who bought 3.8 million at the .0015 level? How hard did you have to close your eyes?
The whole divergence in valuation within the industry supports RTG's buyout approach of Brand Entertain in mid-June. Valuing the venture, with several individual platforms in a year's time, will be based on results, not projections and will ensure shareholder value. The Business Plan continues to be executed, with its business development initiatives, in conjunction with its partner, Brand Entertain.
This fall? You mean, next fall?
bingo, its very elementary at this point
shhhh.... no ones reading it. They saw the letters PR, and this thing rockets. No dilution for 90 whole days? praise be to all that is holy! buy buy buy.... (ahem... nice opportunity for flippers, and for people to be filled with more regret when they realize that the services are a ways out)
Wow, I'd be surprised if there's any positive reaction to that at all.
First, get past all the nonsense P/E ratios that bury the lede, look at that bottom line... IN A YEARS TIME. So, if it isn't August 2011, might as well align yourself with yet another company and shoot for August 2013 (soon to be blown right through).
Reggie talks about the public not knowing how to value a company, and points to a specific NYT article. I BEG everyone to read it
http://www.nytimes.com/2012/08/18/business/Sites-Like-Groupon-and-Facebook-Disappoint-Investors.html?pagewanted=all
Here is the FULL quote, not just an out of context sentence:
"But growth, not profit, is what matters at the early stage in the life of a networked Internet company. Groupon said revenue grew 45 percent over the same quarter last year. But it counts payments that it passes on to merchants as part of its revenue. When that part of revenue was excluded, revenue grew just 30 percent. And compared with the previous quarter, revenue grew just 1.6 percent."
That is explaining how Groupon used 'interesting' metrics which, when companies normally massage their metrics and figures to substantiate a higher Market Cap, it signifies a bubble. To Reggie/RTGV's credit, they haven't massaged revenues, they just have awful numbers.
What is the conclusion to draw from this article? That article is completely exposing a company like RTGV. Here are my own quotes from that same article:
"Every company has its own story, but the euphoria over social media companies as a group was rooted in what economists call the network effect. The more users a site attracts, the more others will want to use it, which creates a natural monopoly...But evidence that the network effect is working requires rapid growth in users and revenue, especially during the early stages of a company’s public life." (LOL, we're 8 years in, and another year away according to the PR, so, where is the revenue and users? Are they at audigist?) Lets suppose that a company's "early public life/stage" can be considered whenever RTGV finally launches that elusive service... If a company that is as (at the time of launch) groundbreaking as Groupon can't keep out competitors, nor can really thrive in taking offerings to the social level, how do we expect a company that still does not understand how to get a service to market to be able to maneuver and survive the first year of their "public life"? What about RTGV's history would suggest this is their wheelhouse? Remember, they have to do well early and build on it strongly to be considered a real sound investment (otherwise, they'll falter like the article explicitly details), so where is the upside here? Maybe a company who has failed again and again will all of a sudden figure it out and succeed where zuckerberg failed? Does anyone believe this?
"A positive network effect is also supposed to exclude competitors, but Groupon has long suffered from the perception that it’s vulnerable to competition." (So, wait a minute, you mean RTGV is going to first have to deliver a service, then investors will have to be confident they won't be subject to too much competition... How does RTGV plan to compete with faster moving competitors? A year from now is going to be a completely different social media scene, HOW WILL RTGV GET IT DONE?)
"There are few positive catalysts likely near term, and a lot of people think you’ll be able to buy these stocks cheaper" (Boy, that sums it up, scalpers paradise down here, sadly, with the parade of zeros). Or maybe, RTGV will show me up.... in a year...
I would agree there, very poorly managed. And the public perception surrounding such a failure was handled even more poorly (if thats possible). But, that poor stewardship didn't stop the promises from mounting, and it sure made the silence deafening.
I remember the rumors about how they were going to partner with aderra to offer those USB devices outside of concerts.
http://www.rtgventures.com/press-releases/rtg-ventures-partners-with-aderra-to-monetize-concert-video
On their site, they don't date it, which is HILARIOUS. That was dated February of 2011. Thanks for following through guys.
I remember hearing about how great Audigist was supposed to be. Seems we haven't gotten out of Beta. Everyone please visit audigist360.com
http://www.rtgventures.com/press-releases/rtg-ventures’-audigist-attracts-top-indie-talent-from-partner-aderra
We saw this negotiation phase that we're currently in before:
http://www.rtgventures.com/press-releases/rtg-ventures-continues-execution-of-business-vision-with-trip-to-niba-los-angeles
We've seen how this company can't release anything until its final. But things never seem to get finalized, and when they do (Aderra partnership above, Audigist, etc.) they are staggeringly underwhelming.
Just an fyi for all potential investors.
I don't share all of the same views of subversive tactics by threeflight unfortunately, I don't think they overtly manipulate, but I would say these guys deserve as much scorn as the politicians here in the US. I just think these guys overpromise, are in over their heads, under-deliver, then wonder why no one likes them anymore. One failure I gave to them as charity, but continued failure is unacceptable. Let me make this clear, a year in the tech space, IS A LIFETIME. Who says that they won't pivot again from their current stance? Who says that BrandE and everyone else who just jumped on board (and are accruing salary FYI) are all about getting the product/service out instead of re-hashing some creative-side battles already fought? At what point does someone draw a line and say this is the date? If they haven't done so already, it must be 6+ months out in my opinion.
Time will tell. In the meantime, cheers to the scalpers who will continue to have their way with you up to our previous resistance level of .004 (seems a long ways from trip 0's).
Sorry, I can't help myself...
They don't even disclose the recipe. They describe how good the cake is going to be, but they just have a list of ingredients, not the right way to combine them: Throw in a little social media, make the dashboard slick, etc. etc. They haven't put it together, they couldn't have a formula yet (if they did, what could possibly take so long?), we don't even know if they have the oven on. When will they be ready to do anything close to a launch? Why are people on here that are speculating BrandE's announcement has nothing to do with RTG not furious about said fact?
Are people starting to get the picture yet? You have to ask yourself if you expected more from this company on explicit promises to deliver at least more info. (if nothing else)? Are you going to enjoy scalper's paradise down here? Its going to take 10x the effort to get back up to a steady .01+ PPS then it did to slide down here. It's all too easy for this company to watch current shareholders continue to take losses, frankly, I got sick of such slappage of the face