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Extremely well said. It's difficult to have faith in a company that hasn't made an attempt to communicate with it's investors after this great a fall in the stock price.
Jon, check your regular email. I left you messages there.
Not quite right. I said non-linear. Linear meaning if it takes a dollars worth of additional expenses to make a dollars worth of additional revenue it won't work. But if you can get 10 dollars of additional revenue and only add 1 dollars worth of expense you have a business.
The problem is current operational expenses are exceeding revenues. So the need for continual capital infusion continues.
What's needed is increased revenue without linear increased cost. So expansion as long as it is without additional hiring or expenses is the way to go. I agree the amount of additional capital for that should be small and a one time expense per venue expanded into.
My thoughts exactly. I've been thinking Chris has held news knowing this Q would not be good and has plan to release a series of press releases on the news that has been rumored for some time. It would be a good strategy.
I agree a press release tomorrow morning before the market opens laying out concrete plans on how the company will generate more revenue in future quarters with some details on specific projects and timing would be prudent and welcome.
Normally tomorrow would be the last day to file the 10-Q, but companies can file a 5 day extension. AXCG has filed the extension on the last two reports.
Take a look at the Level 2 numbers. 17.5 M on the ask. That's more than has traded all day. Ok, that's at .0005, but we're not headed to .0001 or delisting and time soon.
IMO what's happening is a drought of news. Everyone's waiting for the 10-Q and other announcements. In the mean time there's been light retail trading with a downward trend. I think this stock wakes up when the financials are published.
Total speculation on my part, but Q is talking like a trader that sold his position at .0015 and is now looking for the best re-entry point possible.
Not saying that's a bad thing. I wished I had been smart enough to do that. But I'm a bag holder like the rest of the longs now.
Hopefully the company can start to use more traditional financing methods now that there's a predictable and sustainable revenue stream and should realize a positive cash flow soon.
So ok, let's take a more optimistic number $60K average salary of all employees including executives add $30K for benefits and Taxes / Social Security, etc. That's $90K per headcount or about $1 million dollars per year in payroll.
Still that's greater then all collected revenues this year and the bulk of the revenues are coming in the final two quarters. My point is the company must raise funds outside of revenues to pay it's bills. I'm not saying that's bad thing, just a fact.
The entire point of this discussion was to answer a poster's question of where does the money go that's being raised through dilution. Answer: to run the company.
I agree, why attempt to understand how business operate when you can wildly speculate about the untold riches you'll soon receive from meteoric rises in the stock price.
Certainly possible, but I would say the average is much higher than that. Probably closer to the $80K mark. Take a look at their profiles on LinkedIn. They have some very experienced professionals working for them. Also some of the people are management they'll get paid more. I used $100K as a reasonably high number that likely would not be exceeded.
Just because someone points out short comings or negative aspects of an investment doesn't mean they don't like the investment. It just means they're an intelligent investor that's done his due diligence and is evaluating the investment with eyes wide open.
I believe AXCG is and will become successful. That doesn't mean it isn't running at a net loss now and isn't high risk.
Do the math. The company has 9 high tech employees in one of the most expensive cities to live in in the world. An employee earning $100K per year would cost the business approximately $150K per year taxes and benefits. Some will make more, some will make less.
That comes to $1.8 million annually. The company revenues are about half that. Now add in the overhead of actually operating the company. If you're not selling shares how are you funding the company?
"In the long run a man generally hits what he aims at." - Rudyard Kipling
Nicely said. Nice to see a calm rational post.
Time to buy the 7's while you can still get them.
And you know this how?
I'm hoping the company puts out a press release soon on the results.
It would be really interesting to know roughly how many paid attendees gander.tv and sony had for the concert. Any sizable numbers could be really significant revenue for AXCG.
This link gives a bit more information and links to a source article. Apparently there is an actually company press release, but I can't find it on the gander.tv site or any of the usual news wire sites.
http://travew.biogamergirl.com/2014/11/gandertv-streaming-concert-at-drom.html
I'm curious as to where the guy that actually found the press release found it. It seems you have to put on your detective hat to find the companies PRs as an investor in this company. LOL.
I think that really hurts our stock price. Even on the gander.tv site under news they reference a 3rd party article not their own press release.
Why isn't this press release posted on the iHub AXCG page under news?
Thanks for the update.
You might want to try GTC, Good Till Canceled, orders. That way if it takes 4 days to fill you only pay one commission.
Just saw ads for DXL Clothing and Pay Pal show up on the gander.tv site. Whew! I was worried there for a sec.
They look like filler ads to cover up the fact that there are no 3rd party ads running right now. Otherwise there would be a lot of white space on the pages.
Very strange all ads would just stop running. Feels like it's a tech problem like the server that serves ads is down.
Thanks!
I am using windows 8 and chrome. I believe the ads your blocker is blocking is gander.tv promo ads that appear where 3rd party ads would normally appear. I am seeing those.
Has anyone got a response on why there are no ads running on the gander.tv site? I don't run an ad blocker and I don't see any ads on any of the pages I look at.
29 million on the bid, do I hear 30
Another high volume day. :) Somebody wake me up if this thing trades a share.
Some of this news that has been pending for a while has to pop soon. When it does up we'll go.
This was proven to be bogus. Someone asked the CEO about it, and he said he had no idea what they're talking about.
The 10-Q should tell us the story of what's been going on.
I'm still here. Mortally wounded but hanging on. :)
Russell Wendell Simmons is an American business magnate. He co-founded the hip hop music label Def Jam and created the clothing fashion lines Phat Farm, Argyleculture, and American Classics. Wikipedia