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DD? What DD have you done to come up with a 70/30 split? That's misleading.
Someone correct me if I'm wrong, but I don't believe this Magika/Hulu deal will directly benefit Redg as much as it's being hyped up to. The insiders will make their large cuts from the revenue and Redg will be left scraping up crumbs compared to their amounts. I say this because I haven't seen anything showing Redg owning all or any of the rights to the IP. Who here knows what role redg has played in creating this property and movie other than having some of its board member's companies involved? I doubt it can be done but if someone could get their hands on a contract that spells out how the revenue from the movie will be dispersed then that would clear things up.
You are correct. I posted this to him yesterday but I guess he doesn't believe me or didn't see the post somehow.
CSTI is retail. Scottrade
scottrade
I put a sale for .0029 to test it and almost an hour has gone by and never saw it populate into the column. I bought ihubs level 2 though
Anyone who uses level 2, have you noticed it is not very reliable/accurate? I bought it earlier to test it out and it definitely does not show what it says it should show.
The only thing going back to teens is your grammar. Go back to trying to rap for a living.
Per the terms in the most recent filing, they cannot prepay the principal before the maturity date. I don't like it. Would be nice to know what this money is going to.
Seriously. Well at least he admitted it. Shorting a penny stock is just such a bad idea, and he came in acting like he knew everything about REDG's financial situation and outlook. I mean I understand high risk, high return but when you enter into a trade where your loss is theoretically unlimited, then you are just asking for trouble. Why not just trade options if you like the bang for your buck? Maybe he learned his lesson, probably not though.
At any rate, glad to see things moving forward, well the stock price at least. I'm up to 5,000,000 and holding strong with -$6,000 ROI at these levels but I still have faith. Good luck guys and thanks to all who have solid, fact-based opinions from outstanding researching efforts. Enjoy the holiday/weekend.
What happened to mega-dump doomsday franyeld? He must have gotten burned shorting and is now too embarrassed to show his face around here. Interesting character nonetheless.
10 next Tuesday, and you?
I'd love to lay a mega dump right across your mouth.
The conversation is stickied on the board. Tuesday, 04/08/14 03:23:25 PM
Re: None
Post # of 22796
$REDG Email from Benny regarding convertible notes from last year and the company turning down new notes. This tells me two things, A.Long term debt holders WANT to buy more debt in the company, meaning they think it's a profitable investment and B. The company no longer needs to use this type of toxic financing and hopes they do not need to in the future
Quote:
On Tue, Apr 8, 2014 at 2:26 PM, <redacted@aol.com> wrote: FYI...
What's going on right now are conversions that were from notes initiated six months or more ago.
We have turned down half a dozen new notes over the past 2 weeks.
We've said this numerous times but just wanted to confirm once more.
Bad timing.
Quote:
We currently don't have any need for new notes, but I am also hopeful we won't need if things proceed well. But I don't want to say never or give that impression. I can't predict the future
You can share if you wish
First, if you're going to participate in discussion then fix your grammar. If you don't speak English or know how to use a translator then you should practice. No one wants to decipher broken sentences.
Now it looks like you are saying that REDG has to wait for these notes to come due before entering into more convertible debt deals, which is false. I'm sure there are enough loan sharks out there to take on more of these essentially risk-free loans from REDG if they pursued it. Also, equity financing is not some mortal sin as some make it out to be ( in case you didn't know, the money doesn't have to be paid back by cash flow away from the company). The negative effects it can have on the share price is only temporary. It's all about how the funds are used.
The bottom line is they need cash flow. Moving and developing products costs money. You can't just make up characters, write a story line, print it out and expect it to immediately shit out dollar bills. The money has to be there first. Most people don't work for free. How would you have raised enough money to accomplish what the REDG team has done with the limited resources available? If you have an answer please share.
Some of you may already be aware of this but on their website they have a store for buying REDG stuff. I don't read comics but I figured I could show some support since I have a fairly large financial stake here so I bought the Wayward Sons Vol. 1-4 PDF download last night for like $15 or so. Surprisingly longer than I thought, the file has 692 pages. You guys should check it out and buy a couple of things. It can't hurt the revenue numbers plus you might like some of the stuff they have.
You're taking the context the wrong way. He was simply stating that no more convertible debt deals have been entered into and he made it clear that previously signed convertible notes due have been the culprit. You can look at the filings to see which notes still have due dates coming up. When the notes come due and the required payment is not made then they secure their loan amounts by taking shares of the company per their contract agreements. Isenterprises may not have understood what you meant by saying "they" in reference to diluting- REDG or the current note holders. It seems like he thought you were saying REDG was still diluting and was attempting to clarify.
He stated the current situation is old notes still allowing for low priced share selling and that no new notes have been entered into. You may want to re-read his post.
Yeah I noticed the nonexistent volume with 1.3 million on the ask so I bought 1 million of them and it immediately went back up to 800k
I'll take the bundle. Can't send pm's on my account
Everyone needs to understand that investing in penny stocks is mostly speculation. The potential for enormous gains is there but just as likely if not more likely is the potential for loss of investment. This is the realm of high risk, high return. There is a reason that the stock price is cheap and it's not because they are thriving with sales. If you can't stomach the turbulence or you don't have the patience to watch a %50 or greater loss possibly make a turn around and appreciate %100's or %1,000's, then this type of investing is not for you. There are many stocks that offer a nice dividend if you want slow, almost perpetual growth. I personally have a high tolerance for this kind of stuff. I am currently sitting on a little more than 1.5 million shares, down almost $4,300 and plan on adding about another 1 million to average down this week or next week. I am not worried for two reasons:
1. I am confident that this company has the right people involved to make big things happen, but I understand that with limited capital and so many other variables at play that this could take an undetermined amount of time, which is where the speculation comes in.
2. While I may be down $4,300 on paper, this loss is not realized until I sell it for a loss and the same goes for gains. You will never appreciate capital with shares you no longer own. Think about this before the red ticker fever comes down on you and tricks you into selling and actually realizing the loss that is really just on paper.
Why are you keeping a share count?
I think it is something along the lines of the OTO order used to keep the price @ or below .0039 for now. With a One Triggers Other order, you can enter an initial order for a stock, ETF or option, and simultaneously place a second order that’s contingent upon the fill of the first order. That is, with One Triggers Other you are actually placing two orders at once. The first is sent to the market immediately, the second is sent to the market only when the first one is filled. This is my best guess.
Appears to be over for now. Maybe one of the guys with level 2 info can pin the activity to an exact source if we keep seeing it pop up, which I believe we will.
Looks like the persistent 10,000 share ask size is back at it. Any of you guys know what that's about?
Edit: So I just completed a 100,000 share buy to see what would happen to the ask size and that 10,000 ask size was still there. It's as if someone has a computer program that automatically populates a sell trade of 10,000 shares at a time to control the price movement. Any answers?
That 10,000 share count on the ask (a whopping $30) has been pretty consistent lately. Definitely looks like someone is trying to control and keep the price down.
Hmm? I put in my same bid at around 11:45 central and it filled about 45 minutes later. Which brokerage do you have?
Edit: Just noticed that your post was from yesterday, my bad.
Scooped up about 80k today @ .0044
Haha, deep breaths.
Those low share purchases are strange when you factor in trade commissions that could easily be half or more of the transaction costs.
Awesome. A 410% revenue increase. The demand is currently about 25x greater than the supply. This could push the price up guys, so get the cheapies while they last. I'm getting greedy and I'll ride this 106% return up to the 1000+%. Let's go.
*just looked again and some selling pressure has increased but demand is still over double.
FYI Rex:
TOU Reminders for Stock Specific Boards
You are posting to the Red Giant Entertainment, Inc. (REDG) board. Please keep your post about the stock and company. Do not post about other users or other stocks.
It appears your paranoia has interfered with your interpretation of my post. I am not your beloved Benny. I didn't claim to be in the know about investing, REDG, or Mr. Campiti, just offered my opinions which are not facts. I never said .05 pps is unreasonable with decent news and years away. I was referring to my hopes for a much a larger pps than that for the future. I am looking for numbers on the left side of the decimal not penny fluctuations, and that could very well appear with a well known creation such as batman. Decent news is not the only driver of share price, you know this. I'm sure you have heard of or seen a stock decline when the news should have raised the pps (can you say buying opportunity?). Supply and demand of the stock are just as important.
It's not like I'm all in on REDG, as it is like you said a risky penny stock and that would be unwise. So if you believe risking pennies on shares for theoretically unlimited upside potential in a few years is idiotic then by all means try the day trading or most of the name-brand stocks that have a bloated pps and could have a correction at any moment. BTW, this is actually my first and only penny stock and the only reason I bought is because I knew someone who knew a real person involved with the company and I didn't think I was just throwing money at something that was never intended to work in the first place.
So just think about it, would you have rather cashed out the profits from a batman type creation when the original T.V. series first aired (nana-nana-nana-nana...batman) or after it was an established name with action figures, clothes, a decent running cartoon series, and movies that bring in millions of dollars still being made to this day? If you use this mind set with any stock investment I believe you will be better off financially (and mentally, ha). It's tough to gauge and buy in at the bottom of any stock investment but this could be it.
I would have liked to respond earlier but my newbie status on here limited me to three posts per day. Or maybe I am Benny and I had to take time to creatively prepare the end to this elaborate story so when the news hits my share price won't get beat too badly. At any rate, I just heard mom wake up so I'm off to the batcave to watch some more anime and finish the end of Lord of The G-Strings. Don't fall asleep with your tin-foil hat on. ;)
3rd sentence from bottom should start: I do not know much.....
Well as tempting as is it to be a trader(short-term)and try to predict and profit from volatile fluctuations in share price, I have forced myself to get into the investor (long-term) mind-set which I'm sure many of you here have done. So with that expectation set, I am less likely to trade on emotion during temporary downturns that happen to every stock at some point. If a nice return presents itself on the shorter term then great, but going into a trade with abnormally high expectations can wreak havoc on your trading actions, IMO. So while I'm optimistic for such an increase as you proposed for the next year, I and you all should be focused on a longer term expectation which could be 2-10 years or more in this type of investment. The next batman or superman style hit will not blow up in popularity "overnight", but no one really knows. I am willing to be invested for a decade if that's what it takes especially when you can grab large blocks of shares with a relatively small investment, but I'm still fairly young and have plenty of time to grow my investments before retiring, etc. I do know much about Mr. CEO, but I have spoken to Mr. Campiti on the phone (he is a relative of a prior co-worker) and I liked what he had to say. He confirmed my assessment on the possible duration of these types of business endeavors. He has been in the industry for awhile now so I am confident that they can figure this thing out and make it a profitable venture.
Any skeptics please cough up your shares, I have the .01 bid. Thank you.