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The devices are really cheap. Most people at least own a google cardboard ($10). And that's saying the VR rumor is for the mobile phone which does not generate very much money. The big boys work with the oculus rift (around $800). Even then, the industry is dominated by the giants. If you research the amount of indie companies that survive, there are very very few that produce enough revenue to stay afloat for more than a single hit. If they do produce something of quality, they get bought out to work on side projects for EA or others like them.
It's not an industry you jump into and are successful in. Literally the cost to making the majority of these successful titles ranges up to a billion dollars. Nobody can compete because nobody can match the budgets. And that's just regular games. VR is even worse.
GDSI doesn't not have the money or the skill to make it in this market. Their only option is to outsource, but anybody worth a damn is already under a much more appealing paycheck than GDSI can hope to offer
Did they forget the horrible share structure and complete lack of money too?
Power Up PR would be nice. It's always a good thing to tell investors how you took out a loan to pay off that 109k in damages. Or maybe it's some more virtual reality BS like that's a lucrative market or something
Is he? If he was he could have sold his idea. Instead his technology is becoming obsolete. Crypto currency is the future, not echecks
I guess somebody thought my fact outlined post was not helpful to the artificial price on this board. Lol
Here is the list:
Last 8k- SEC https://seekingalpha.com/filing/3194499
Hull Vs GDSI - https://www.pacermonitor.com/public/case/17921405/HULL_v_GLOBAL_DIGITAL_SOLUTIONS,_INC_et_al
SEC case- https://www.pacermonitor.com/public/case/17827205/Securities_and_Exchange_Commission_v_Global_Digital_Solutions,_Inc_et_al
https://www.sec.gov/litigation/complaints/2016/comp23618.pdf
Deckle Vs GDSI - (Judgment entered in favor of Carl D. Dekle, John Ramsay against Global Digital Solutions, Inc.)-
https://www.pacermonitor.com/public/case/20499342/Ramsay,_et_al_v_Global_Digital_Solutions,_Inc,_et_al
Power up Vs GDSI - (damages amounting to $109,302.79)
https://www.pacermonitor.com/public/case/10872364/Power_Up_Lending_Group,_LTD_v_North_American_Custom_Specialty_Vehicles,_Inc_et_al
Then you've got my favorite one to read. If you download the filed complaint it sums up GDSI in a nutshell. http://shareholdersfoundation.com/case/global-digital-solutions-inc-otcmkts-gdsi-investor-securities-class-action-lawsuit-08242016
Why you would even act positive to this company I do not know. Clearly proven fraudsters time after time. The emotionless traders will play the lies.
Settling a lawsuit isn't good news. It's mandatory... the real question is it really PR worthy? There is still 4 more lawsuits ahead
AMD is still a pretty solid long term. The budget NVidia in a market that is just starting to experiment with new potentials (VR, 4K). NVidia is getting quite expensive, increasing numbers is expected from AMD as a direct result
Delgado stated a while back that he was the one funneling his own money into the company. He said it to appear as the good guy to stock holders. In truth, he would have been funneling money either way. He holds the responsibility for the reparations
It doesn't matter the facade the man holds. It all comes down to money and the courts still hang GDSI by the noose. Toxic loans are toxic for many reasons. Best news here recently, toxic loans
Don't be surprised if they raise the A/S and dilute this pig with some convertible notes to pay back those creditors. The SEC won't stop them
That's about how many lawsuits they are dealing with
We will see. There is no denying that Delgado is a liar just like his predecessors before him
Could citron have the right call at $130?
14 is where I have my money at as well
Picked up more and they are for sale at 14c again
Got my 40%. Will but in again at 12c
I forgot I owned shares of this crap still. The trash I've got in my gutter is worth more
Your right about the Nevada corporations, have to be careful. Pretty obvious bounce today though. I bought yesterday and I'm looking to flip around 14c. Welcome to the stinky pinkies
Still waiting on my 14s
Potential is fools gold
Until it has a truly impressive Q it will continue to be treated as a penny stock instead of an investment. It will go back up
Just about at my target price of 12c. I'll be a buyer soon
Agreed. I think that's what makes this stock so fun to watch the paint dry. DD is overwhelmingly negative but educational at the same time. Also, watching the company dig a hole for itself and trying to crawl back out is quite entertaining as well.
Nice to see the other end of the spectrum from time to time. They can't all be winners
Adding a side note, when CEOs "pay" their salaries away to keep a company afloat, you can expect more issues will stem. Obligations and implications arise between management. How will the company compensate for the lack of pay? How long are management willing to keep up this charade? One thing is for sure, not everyone has patience
FB story is picking up more interest. Sure it's a ripoff but it's also an opportunity to reach out to a much higher quantity of friends than snapchat offers
I think only people on this board are buying. Where else would anyone find info?
Instagram is for girls. Snap is for everybody
I don't see it being worth as much as Bulls right now want it to be. Looking for it to find a floor
They need more than instant click ads. They will adapt in due time
Waiting for $14
Yeah there isn't enough volume for a simple Facebook post to give a real positive outlook. Only those in real low are excited. (And stuck holding)
The post was simply to instill confidence, we do it all the time to our investors as well. After all, most investors don't want to know the truth, they want to know that their money is well invested. It's a win win situation in the mind but in reality thats not always the case.
Best not to jump the gun. Wait for results
There are plenty of shares on the ask for you. You can probably buy them all and raise the price for yourself. Nobody may buy them back from you though
23
Do you know how much the big media outlets are paying snapchat? I was under the impression that they get a little bit of money per subscriber (kinda like youtube or twitch) per month/ percent of the ad clash flow. Even then, it's putting a huge emphasis on users returning which is a hard factor to control
Twitter was the future too a few years back and look at it now. Millennials prefer snapchat to facebook, sure, but add anything more than a tap to skip an ad and you may see that feelings change. With that being said, let's be real, they can't be making a boat load of money if the ads are a quarter of a second long (how long it takes to tap). They have to get real smart and make the ads look like snaps if they plan on making money. That or change the whole scheme
Sure has been a long time to wait for a signature. Maybe it was sully 's signature for the SEC he was waiting on.
People actually read fortune magazine?
Probably not with the financial period ending on the 31st. Big money will wait until audited financials come in on or before April 30th since most big money is playing with others people's money. Probably a majority of small time players will bet around the financial (mostly short it appears)
Why would you bet for that? Facebook IPO had over a 100 billion market cap compared to SNAPs 20 billion. That's a magnitude of over 5x. Kinda hard to compare things not even on the same level
If it's the analysis that point resides then I would like to point out that it took Facebook nearly half a year to figure things out. The stock dropped from 38.23 to 18.06 before they started getting their act together. If you wanna say snap will follow in their footsteps, then I'll buy snap around $12
FB will stick their nose in every penny jar they can. I would have to agree though, I hate Facebook. Only reason I still have one is because I have so many external accounts linked to my profile.
That being said, I do not see SNAP as gloriously as many here. I don't see how they can make billions off ads that you just have to tap to skip.
All in All, I think social media stocks are good ones to stay away from