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Maybe it's crickets cooking in the kitchen.
I would, under usual penny-stock conditions, agree with all of this. But, with what has been communicated from the company, I would bet that most of that money went toward services rendered at Santa Elena (after realizing it wouldn't produce income in time to pay up). I can tell a shady outfit, and these guys are not it.
The convertible debt is worrisome, but not the end of things. If we see more conv. debt taken on, then it will confirm the worst. Until then, I still have plenty to look forward to here. The share price tells me that the company is still positioned for success since the lows in Jan/Feb '16. Looks like it's trying to bottom at .03. If all was lost we would be challenging .01 already. Maybe less. A lot of big money is sitting in metals right now. And, more is coming.
If I didn't trust farmers, I wouldn't spend every day hanging around farmers' markets.
I don't see any.
What will happen to common shareholders if the r/s is stopped?
Why must it be stopped?
Yes. 1000:1 r/s.
Well, it looks like Benny is finally doing what needed to be done a year and a half ago. What a coward.
Do you know Mr. Thompson? You claimed that you only started looking at mexus 4 weeks ago.
So does Bill Gates. What's your concern?
At what price did it happen in the past?
The way it looks, to me anyway, is that everyone who owns shares here has to eat from the same bowl. And there is not enough to go around......eh?
I don't think anyone cares if the "toxic" lenders are last dog. But it certainly puts everyone else in a precarious situation.
I NEVER thought I would see this stock trading down here alongside all the other junk. Such a huge idea that could change entire industries, and it sits at .001x with conversions in the triple-zeroes hitting the market over the next several weeks? Months? Yeeeeeear??? Yuck.
One day I'm just strolling through the park, and next thing I know I'm laying at the bottom of a sinkhole.
This one hurt.
When the outcome is so obvious....BP doesnt have to say anything at all. Addressing it would only create more downside pressure.
Investors only hope is to accumulate through dilution to hold their percentage of the company. Then the company has to actually follow through and launch everything. Otherwise .0001(or lower given a r/s) is all anyone will get.
"so why shouldn't investors seek all avenues of consequences for Benny and Board?"
Because nobody wins. The only way to make money here is if the stock takes off. Now knowing what you do about the company and its BOD, you are in a position to profit if that happens. You can sell your shares on a spike, instead of holding for the long-term and waiting for BP's promises to come true.
Or take them to court and get nothing, except older.
The wording is strangely similar to the time frame before the launch of GSL. Atrociously worded, IMO.
"heading toward pending launch"
"knocking out tons of components from the massive to-do list"
"coming together nicely"
"exciting times"
I never thought of REDG as a scam stock. Ever. But, it just crossed my mind for a second because of that update. Sounds like very low expectations at best.
I agree. It is very easy to post a little blog update, and not mention sensitive info.
So why not post an update? ....Why, indeed. The answer is why we are all here.
When they give an update, I hope to see finalized agreements accompanying it. I take Rich at his word that "we cannot say what we are doing".
"I assure you that no one is more frustrated than we are that we cannot say what we are doing."
Pretty simple. And I don't doubt it for a minute.
He is trying to get rid of the toxic notes. If there aren't enough buyers at .0001 to buy the remainder of the toxic debt, then a R/S is the only way. He can't just keep increasing the O/S.
As of today, the bid would cover about $30k of toxic debt. The note holders will not just wait for more buyers. They will put the pressure on BP.
Oh boy...
Seems like they are just preying on people with poor memories.
Benny mistakenly implies that the frenzied investors are actually frenzied fans of the content. He doesn't talk about the stock price for a reason.
I still think GSL does not launch with Benny in charge and no equity partner. If the idea was definitely a money maker, especially to the tune of 10-30 million a year, one of the billionaire partners Benny talked about would have ponied up $600k to launch it and take an equity stake.
Issuing more convertible debt would not only deter investment, it would signal to the world that GSL is totally done. He wouldnt be able to raise a donut next round, let alone millions.
When BP executes a reverse, it will be 1:1000 or 1:10000. And it will only be to avoid bankruptcy or litigation, or to regain ownership for the BOD. Any other reason is horse bologna. This latest video was a disgustingly flaccid apology to faithful shareholders, and a blatant attempt at suckering the new bunch into waiting.
Noteholders don't give a crap about REDG, so the ONLY thing BP is worried about with the stock price is that no bid/.0001 (and a forced R/S) is only 2 ticks away. It's embarrassing to watch him pretend to care about shareholders. I was one once. I bit the bullet last year and stopped believing. Lost much more than I should have and took responsibility, because I thought Benny was really trying and it just didn't work out.
Now, after this last video, I know I've been had.
Picture perfect!
Thanks Tony.
This board became a cesspool pretty quick. Wow.
I feel sorry for the longs who stayed here and held steadfast in their belief that BP would accomplish something, and saw their money disappear. I know a lot of you spent a lot of time supporting him. It makes me feel pretty sick thinking about those of you who have to explain this to people you care about. I have been there before. I had thought I would recoup my previous losses when GSL launched, but I don't think it will happen. Benny is a fairly incompetent communicator, from what he has shown us. I would expect that you should be the opposite to succeed in his line of work.
Thus, my one-finger salute to the 'commander-in-bed'. You really had me/us there. Shame on you.
</judgemeonnovember4th>
Yes. From what I remember they dont have a small scale unit that meets the criteria. They are building a large wte plant in Germany.
True. I think when it comes down to 'most economical/efficient' though, the DGU will be one of the only choices, and NG has pretty greasy palms already.
Benny has had well over 365 days since he said "ready to go". He was going to secure ads himself if he had to. But he didn't. He could have spent the last year contacting comic shops individually, but he didn't. He certainly had enough time. He asked fans to contact comic shops to have them opt in instead.
To suggest he has been "working hard" simply implies that he is a failure.
Benny has had well over 365 days since he said "ready to go". He was going to secure ads himself if he had to. But he didn't. He could have spent the last year contacting comic shops individually, but he didn't. He certainly had enough time. He asked fans to contact comic shops to have them opt in instead.
To suggest he has been "working hard" simply implies that he is a failure.
How can you say that when all you ever do on this message board is defend Benny's misleading statements and make highly positive predictions?
I was ready months ago! Now I'm falling asleep waiting.
To be fair....4,000,000,000 is 4 billion.
Still too many.
Breakout time...
Breakout Chart
TRU will promote it, if it is happening. They need traffic around the holidays. They will not secretly give away the comics to unsuspecting customers. They will try to drive traffic in by telling parents that with every purchase, they get a FREE dual comic book for their kids. And the fact that the comic-reading generation are now a bunch of parents for 8-14 year olds, TRU would be doing themselves a disservice by not promoting the deal.
Benny needs to promote it now, and get advertisers on board. TRU can promote it later to get holiday traffic. THEN, GSL has a chance.
You nailed it. No matter how many are told to get in here, there just aren't enough shares for them. MM's aren't part of that game anymore.
Everyone is waiting.
You sure waste a lot of time here.
It's not something I just contemplated recently. I worried about it last year when I had a large position. When Benny delayed the launch due to DCD "issues", I assumed TRU was not as big of a player as Benny made us think they were. Because, if you think about it, TRU is big enough to have launched GSL with REDG even if on a limited basis. I don't think he had to wait, if TRU was really ready to go. Now this year is shaping up like last year.
I think if you are trying to come out with a product that is reader dependent, you have to make everyone aware that it exists. Benny is still so quiet about the launch, aside from the open "opt-in" for comic shops. With his track record, I'm just becoming more and more discouraged as the calendar flips on.
In short, I was hoping to get back in here and recoup my losses from last year. But, I can't see anything happening without a PR effort by REDG, or at least a confirmation from TRU, as I have grown weary of BP's affirmations.
What if TRU isn't going to distribute them? Maybe that was the reason for the cutback to 500k. It looks like Benny is trying to get comic shops signed up, so it looks like he wants to launch. However, without guaranteed distribution, how do you get the advertisers to commit? Something just doesnt add up. No PR blitz. No updates on FB or otherwise. It feels like a fairly soft launch at this point, which I doubt TRU would get involved with.
I hope Benny proves me wrong.