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1) the debt is reduced when lenders receive converted shares and then sell them. Which has obviously happened a lot since then
2) the total debt actually began to decrease in the last quarter reported over a year ago per otcmarkets.com
3) the total debt figure youre mentioning is calculated using certain derivative methods which factor in share conversion discounts and lowest pps over past 20 days intraday etc etc conversion terms (theyre all different and im not certain). REDG did not actually get 12 million dollars.....
Yup. I think thats why serious investors have for the most part went elsewhere
Did you see what netflix had for content in 2009/2010?...exactly.
Powfolio is a long term kind of project, but zwagbox and the markiplier comic i am very confident are resulting in nice revenues. Zwagbox is particularly important bc of the ongoing subscription nature of the revenues.
Just now catching on lol?
Above all else, the man is persistent...
Just 10 days left to secure revenues for the 10Q with official due date july 15. (Yes ik its way behind). The next is 10K not til December
Im sure everyone games the system if it is gameable. No sense in being the only one "playing by the rules" if everyone else is getting away with breaking them.....a lesson i learned as a kid.
Hehe ill take some too
Yes. The some of the old folks around here just dont get it. Some of the college engineering students ik even know who he is.
Now youre just redirecting the subject. If you want to discuss a different point tho then okay
Why do all the pessimists come out from like 7pm to 1am every day, and then disappear during trading hours lmao
In terms of influence on 8-20 year old ppl he is. Brad Pitt old and those kids cant relate. Like when my dad talks about John Wayne movies....i couldnt give a damn if i tried
If I'm not mistaken, the Markiplier comics are already available for pre-sale (not sure when it officially is shipped out tho). However, you can only get the "special" version through zwagbox. Down the line when those sales wane, I imagine they'd put it up on Powfolio (but that might be a long while).
I couldnt find an reference to the price they got bought for. Says "an undisclosed amount"
Well somebody has to miss out for the rest of us to make money ha
Zwagbox fb page likes movin up steadily too
I feel like it hasnt updated in a day or 2
If you build it, they will come. And by they, i mean amazon
The contents come at a big discount or are free. It is considering advertising for the companies sending merch to be in zwagbox, both for exposure and for tax purposes...this is how it is possible and profitable. The closest comparison to Zwagbox is Nerd Block..........the only reason to doubt they will succeed is if you believe the redg team is totally incompetent and operate in a bubble unaware of the rest of the world.
The biggest challenge with subscription boxes is to get an initial foothold. Markiplier provides that. They shouldnt "need" him after, but there is an optimal amount of Mark merch to use.
1) with successful examples to follow, itd be tough to mess up the box content. Plus, what makes you think there wont be more Markiplier content after the comics? Seems like a smart move to keep it rolling...and not just w comics
2) the shipping and handling cost is attached to the base rate for zwagbox. They clearly insulated themselves from s/h cost fluctuations. I bet it goes straight to medallion.
3) i wouldnt assume all glowdot deals result in similar terms.
Well we know there are ppl that crazy for mark lol.
Also, down the road, the distribution network could be expanded and altered to fix the high prices.
3) why would you expect redg to owe glowdot for powfolio? ...it is a 50/50 ownership, not a one off pay for service... I do not believe redg owes them anything. REDG provides a necessary and valueable contribution with the content provided and the work they do on golden age comics etc
1) initially, zwagbox will be the cash cow. Based on quantifiable internet traffic and social media response, i believe zwagbox is selling very very well. Mystery subscription box business models typically come with very good margins. Lootcrate and Nerd Block show how well this business model works. And Ipsy shows how a youtube star can catapult a mystery box subscription business model. I think redg has already pocketed a large amount from this. Mystery box models typically do not slide backward in subscription numbers, but rather grow exponentially.
2) Medallion is handling zwagbox fullfillment. It is not in redg's hands, so the concern over late deliveries is not valid.
Penny stock heaven. The "green rush"
I really wish it was February 2014 right now :(
We are trading above the moving averages and have a kind of miniature descending triangle formation going (bullish). Just posting this for shits and giggles bc I don't strongly believe in charting short term penny stock movements via triangle formations.
I don't think he will be selling any more convertible debt. Already, he has significantly reduced those practices and the debt level peaked in the 1st quarter of 2015 and began to fall in the 2nd quarter of 2015.
Furthermore, I can't say definitively until we get Zwagbox subscriber numbers, but I don't think cash flow is going to be much of a problem going forward. Especially considering that the Zwagboxs are pre-ordered, therefore no up front investment is necessary, AND Powfolio is up and running and so the input cost is reduced to how ever much it costs to pay people to upload digital content. Those both have huge revenue/profit potential and don't require ongoing "production" costs prior to receiving payment at this point.
yes that's pretty much how it will go i think. I don't think we have to wait for a Q to go higher from this dirt cheap level necessarily, but to really move the pps up significantly and sustain it we will need the Q's. Officially the next Q is due July 15th showing the 3 months ending May 30th...that will show SOME zwagbox sales, etc. But, it won't be until November 30th/December 1st until we get a full quarter reported with sales from our 3 main revenue streams showing June 1st thru August 30th. That'll be a nice one imo.
I agree on the irrational fear part of it. All I'm saying there is some peace of mind in buying at .0001, .0002, .0003, etc... because since the the CEO did 2 a/s raises as opposed to r/s's and then explained why he did it, that means you really are getting in at the bottom no matter what happens. At least that's how I felt about it. There's always that chance a penny stock ends up 6 feet under, but the real fear is that they are a success but because of dilution paired with r/s's that you still lose money. I like the previous decisions not to go the r/s route and I personally feel the outcome would've been much worse had a r/s occurred.
sounds right. same as when I called a while ago. and yes, shares are part of the o/s before they're sold.
See my comment on the fan page about tying in Markiplier to boost exposure massively after android is out.
There wouldve been 2 r/s's in that scenario. You are right about convertible debt being the problem, but a r/s would have amplified it. The nice thing about the a/s's is it gives ppl a chance to average down bc the bottom is .0001 no matter what. I averaged down nicely and im content with my pps avg personally.
Disagree 100%. A death spiral needs r/s's because that means the pps is truly bottomless. The a/s was a good call and is one of the reasons long time share holders still have a good shot at making a lot of money.
The message in response to your message about my message about deleted messages was also deleted lmao.... go redg
Annnnddd somebody deleted the post u just replied to
Look at who mods are. It becomes obvious who it was after that
Theyve never PRed anything like that.
I suspect we are done with oceana but idk about the rest. With impressive financials, the market will eat thru lender selling very fast tho. It wont be like volume we've ever had before.