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Where's the Q1/2015 report? Amazing how it is being hidden. Only a couple of days until Q2 is over and they're too ashamed to show us Q1's results.
The stock is so low right now that it is about to fall off the scale.
@Klbennie
I think the people buying are those taken in my the QualityStock's video. Once again, instead of making a product, WRIT have gathered a few dollars together and paid a company to make a video about what the claim they would like to do (based on past performance and not current ability), which then gets marketed as a recommendation to buy (but only because the company is being paid to recommend them and not based on economic sanity).
The net result was a few hundred dollars worth of sales, a brief jump in the stock price, followed by the usual slow decline.
This looks like a quick attempt to rake in some cash before somebody gets to post the way overdue Quarterly Report which they are so desperate to hide from us. Note that they still don't link to the last one published.
So instead of a Quarterly Report we get a propaganda video to distract us from the lack of products. LOL.
@ Slick Bubba
Looks like you were correct. Hall a million shares shuffled around which will probably generate around $1000. Should pay the CPA to produce the OVERDUE Quarterly Report that we're all so desperate to see.
It doesn't matter how old that news was, my breakdown of it still stands. What makes it worse is that it demonstrates the complete lack of progress over the last 12 months. In fact, it demonstrates just how worse things have become.
Finally, the fact that WRIT has a spokesperson who thinks is it "LOL" funny demonstrates to everyone the contempt they appear to have for their investors.
I think that post is a stark warning to those wishing to put more money into this group.
Here we go again, time to untangle the facts from the fiction:
"Writers' Group Film Corp. (OTCQB: WRIT) is pleased to announce the closing of their Share Exchange Agreement (the "Agreement") with Amiga Games Inc. ("AGI"), a company that licenses classic video game libraries and republishes the most popular titles for smartphones, modern game consoles, PCs, and tablets. AGI leverages the intellectual property of Amiga Inc., and builds on the "Amiga" brand and technology to create new revenue from publisher's dormant game libraries."
So one company with next to worthless shares exchanges these shares for some equally worthless shares. Two companies that fail to deliver any products or revenue try to make it appear as if a large quantity of shares have changed hands due to potential revenue.
"The agreement is for Writers' Group to receive 100% ownership of the common shares in Amiga Games Inc., in exchange for 500,000,000 shares of common stock of Writers' Group Film Corp. with a six month restriction period. "
Anyone want to guess what these shares will be worth in 6 months or even if the companies will still be trading?
"Patrick Roberts will continue in his role as President and Chief Operating Officer of AGI, and assist with the company's strategic expansion."
Oh good, the same old faces that have achieved nothing will continue to do so.
"Patrick has over 30 years of experience developing software for the entertainment industry... blah, blah, blah..."
Except it doesn't show and the shares have plunged and there are no products.
It is just one last attempt at hype. Where are the long overdue products? What was the real reason for the NASCAR fund transfer?
Quarterly Report links deleted!
Has anyone else noticed that the links to the old Quarterly Reports have been removed (just below the graph on the left hand side of the page). Just an announcement about a deleted quarterly remains.
Anyway, here's the link to the last one:
http://quote.morningstar.com/stock-filing/Quarterly-Report/2014/9/30/t.aspx?t=PINX:WRIT&ft=10-Q&d=7f8892dab6d932276524361c7c3d0db2
and I'm sure there will be a link to the next one too.
If WRIT are running true to form, we can expect the "Quarterly Report Will Be Filed Late" announcement in 4 days as they try and put off the awful truth for as long as possible.
Yes, I think 0.004 is a new low. I expect to see it sink even lower after the actual Quarterly Report is issued.
No products, no revenue, wasted money on "advertising", no sign of that Kickstarter begging bowl that was supposed to fund the software that should already have been developed (and who in their right mind would even donate to it?), no real news and hardly any hype.
Q4 report due soon!
I wonder if that 400,000 volume was because the rent and electricity was due. That comes to around $2000.
Best to average the volume over the last month as it equals about $70 a day.
@Klbennie
Only Gregg would try and hype a 1 cent increase. Still, you have to laugh at his efforts. Most people would be too ashamed to come on here and try and hype this mess.
Note he still has no actual news. Just the usual smoke and mirrors.
@Meltedcheese:
Nope, you're right. The rats have left the sinking ship and moved on to plug more worthless stock for money. The only one left is the other "bought and paid for" plugger known as QualityStock (A name that could get them in trouble with the Trades Description Act) who is still scared to post the last quarterly report (or has been paid not to).
Right now, I'm trying to find a family link between WRIT and the NASCAR team to see if there was an intentional transfer of WRIT "assets" rather than the official reason of "advertising" (because they still don't have any product worth advertising and didn't make the expected announcements.
@klbennie:
In two words, "Price manipulation". selling a couple of shares is the only thing keeping it at half a cent, otherwise it would sink without a trace.
If WRIT actually had revenue and faith in their own abilities then they would be buying back their own shares in bulk while the price is this low. The fact that they are not doing it and their friends and family aren't doing it says a lot for the future of this stock.
@ Slick Bubba
Thank you.
And a Happy New Year to all of the HONEST stock holders.
WRIT The REAL Year-End Review
WRIT Media Group operates through two separate divisions to focus on selling shares to the unsuspecting. Front Row Networks is apparently engaged in nothing while Retro Infinity, Inc. and Amiga Games, Inc. focus on much the same.
Front Row Networks was established to acquire and distribute live concerts in 2D and 3D format by has been incapable of anything for the last few years. Meanwhile they continue to list what they would "like to do" rather than what they are "capable of" in the hope it distracts from what they "have (or haven't) achieved".
Throughout 2014, WRIT Media’s activity has largely focused on selling shares and watching the price tank.
Amiga Games shares resources with Retro Infinity to adapt and republish the most popular titles from the Amiga family of computers for smartphones, modern game consoles, micro-consoles, PCs, and tablets, however this seems to be beyond them.
In February, WRIT Media "announced" a deal with Microsoft in which Retro Infinity/Amiga Games delivered its first 11 preview games, available on Microsoft’s Apps for Windows store, and yet there seems to be no revenue. Strange.
In the fall of 2014, WRIT Media announced its sponsorship deal with NASCAR via Rick Ware Racing. This deal was intended to allow certain staff to parade around the racetrack as if they ran a real business and to convince more unsuspecting punters to invest real money and prolong the life of the company by a few more months. Share prices dropped even faster.
WRIT Media wraps up the year with key milestones in the books, including a $10 million equity line of financing and its acquisition of Amiga Games, and a software license agreement with long-standing industry player, Tommo, Inc. However, despite these claims, they can't actually fund the development of the key piece of software needed to distribute the games and have instead announced previously that they want "crowd finding" (e.g. Kickstarter) in order to pay for it. So, where did this magical $10m go? Did it even exist?
For more information, visit this site and read the comments of the shareholders, look at how the share price has bombed over the last 12 months and read the last Quarterly Report which they still refuse to link to in the news section because it is so bad.
@ MeltedCheese:
You're exactly right. Plus GoG and Steam actually have the right to distribute the games they advertise. In the case of WRIT, they tried to announce that they could release all Amiga games which turned out to be news to certain software companies who were contacted.
In the end, they were completely incapable of even delivering a UAE/ADF combo to run what they did have (Gremlin?) on standard PCs, even though just about everyone else can do it.
Their software plans then became an even bigger laugh when they effectively admitted in the QualityStocks release that they were going to have to try and "kickstart" something that was supposed to have been already written and released (which was supposed to be the point of the NASCAR advertising). Pretty stupid spending money to advertise a product you don't have and hasn't even been started. It only suggests that the NASCAR advertising was an attempt to con people into parting with money by investing in worthless shares.
Note that the people who run this board STILL haven't posted the last quarterly report, and nor do they intend to. :D
Lessons learnt.
This whole experience has been one long train wreck. It shouldn't really come as a surprise as a look into the background of personalities involved reveals similar failures to deliver and similar tactics used to make a company look more professional and larger than it really is. I draw attention to my previous link to Amiga and the (failed) sponsorship of a hockey stadium and then WRIT using NASCAR:
http://community.seattletimes.nwsource.com/archive/?date=20070731&slug=kentarena31m
Likewise we also saw the same pattern of promising software (games and even an Operating System), which fell far short of what was promised, but in hindsight was only there to act as bait to investors.
As we pick through the ashes of the fire, try to take something positive away with you:
REMEMBER THE NAMES OF THOSE INVOLVED WITH THE COMPANY AND THE PROMOTION.
Next time you invest, check to see who is involved and if you see any of these individuals or companies with their fingers in the pie then run away.
If this stock graph was a heartbeat then the patient would be dead.
10,000 shares traded today which is the most for ages. Shame it only amounts to $100. A desperate attempt by WRIT to try and inflate the price by buying/selling stock between members?
Gregg turned out to be just a hired promoter (just like Quality Stocks) and they've both moved on to "promote" other dodgy stocl on other boards. No surprise there.
What happens when the stock finally falls bellow 1 cent? Is there anybody left to do a reverse split?
QUARTERLY REPORT - Just reposting it because those who should post it obviously don't want to and hope it will fall off the screen.
http://quote.morningstar.com/stock-filing/Quarterly-Report/2014/9/30/t.aspx?t=PINX:WRIT&ft=10-Q&d=7f8892dab6d932276524361c7c3d0db2
WRIT – Closing the Doors and bunkering down, and still trying to hide the latest quarterly report by not posting it here.
"WRIT Media’s leadership has a century of combined industry experience."
Doesn't show.
"This management team’s tested expertise has helped WRIT Media to achieve major milestones in 2014."
Massive debt and no products.
"A $10 million equity line of financing and the acquisition of Amiga Games are the first of many achievements to come."
So they haven't managed it. They just say they want to borrow another $10m and squander it. I'm sure there's a queue a mile long of investors.
"WRIT Media’s visionary management team has also been employing aggressive growth approaches on other fronts, including a software license agreement with long-standing industry player Tommo, Inc."
You mean WRIT discovered that Tommo Inc hold the license to distribute games that they thought they could distribute for free?
"As the rest of the year unfolds, WRIT Media intends to launch the Amiga Games and Retro Infinity brands in time for the holiday season."
Note the key word "Intends". Not "will", but "intends".
"The company also means to take full advantage of the opportunities created by its recent sponsorship deal with NASCAR via Rick Ware Racing."
Spending lots of money for almost zero visibility?
"WRIT Media also has a deal with Microsoft in the works. As part of the deal, Retro Infinity/Amiga Games will initially deliver fifty games to Windows 8 and Windows Phone 8—and potentially up to 500 classic game titles."
This is an old deal and one on which they failed to deliver.
So, business as usual. Why doesn't the Quarterly Report have a direct link yet? You can't hide it forever:
http://quote.morningstar.com/stock-filing/Quarterly-Report/2014/9/30/t.aspx?t=PINX:WRIT&ft=10-Q&d=7f8892dab6d932276524361c7c3d0db2
Somebody needs to pay QualityStocks. The report has been out for days and they haven't updated the board. I guess it is because it doesn't mention NASCAR.
Well, that and the report is way worse than expected and no amount of spin is going to convince anyone that good times are coming.
Could you clarify this please:
"LOS ANGELES, CA--(Marketwired - Nov 4, 2014) - Retro Infinity Inc., a wholly-owned subsidiary of WRIT Media Group, Inc. (OTCQB: WRIT) and publisher of classic video games on today's mobile devices, announced today it will be introducing the Retro Infinity Player, proprietary software that allows retro video games to be played on today's mobile and set-top streaming devices, through a social media-supported crowd funding campaign. More detailed product information will be provided during the launch."
Does this mean that WRIT has no "player" and this is their announcement of them intending to start a Kickstarter type fund raiser in order to pay for one to be developed?
Is the "launch" the release of the player or just details on how to send them money to the Kickstarter account?
WRIT Portfolio Demonstrates Strong Growth Pattern ?
Where? It has spent money and made none. Continually bringing no products to the market does not equal a "strong growth pattern". It indicates a major problem with the business.
Shares fell $0.004 after your post by the way.
Products, products, products...
Oh, and when is the Quarterly report coming out? I don't expect any significant move in the stock price until then.
Smart investors will look everywhere, however sometimes "facts" are overshadowed by "fiction". The net result is that quite a few investments are not based on the best information available and a lot of investors find themselves thinking "damn, I wish I knew that before I bought!" (or even "before I sold!).
So, asking for facts to be laid out isn't a bad thing, is it? I mean, there isn't anything to hide, is there?
This place does come up when you do searches, so it is a valid source of information. You wouldn't be trying to push all of the "bad stuff" off the front page would you? After all, the 4 screen loads of introductory graphics and biographies have nearly done that.
PS. Products?
One again, questions are avoided and answers not given.
A recurring pattern which should be of great concern to any current or potential investor.
Products?
Thank you.
So it will be delayed then? Hiding the bad news until the last possible moment I expect.
When will we see the next quarterly report? Will it actually be on time or can we expect the usual delay?
Great, another "interview" that says NOTHING.
Some news about actual products would be nice. Propaganda smoke-screens, fake interviews and talks about where a racing car finished isn't floating my boat.
Products.
Excellent summary by Tip Sheet.
Sound advice. I'll be looking closely at the next quarterly report to see what is actually happening behind the scenes. There's still a huge reluctance (refusal) to answer key questions.
@ Rudy,
That happened in early June. The last quarterly report included operations up to June 30. Can you see $400,000 of income listed? There is income from shares, but when you look at the cash assets you can see it has already been spent. Don't include "Intangible assets".
So, either the Izzy stuff never happened, or it wasn't complete by June 30 (and we should see it on the next quarterly report dated Sep 30... looking forward to that one!), or it was complete and has already been used.
@ Gregg, until you start answering our questions, I don't feel the need to answer any of yours. Have a nice day.
The interview is NOT outstanding.
Sorry Gregg, but let's be real here. While I'm glad to see that the NASCAR advertising actually happened (and I really want that Camaro!), this "interview" was far from satisfactory.
WRIT has paid QualityStocks to interview them. The questions were pre-loaded and the answers are all stock, with little substance to them.
We know about the Microsoft deal. It has been around for ages and the quarterly reports have told us what it was worth and how much it generates. It isn't a pretty sight.
The important thing is that the shop is running, but it only has 33 games listed and the vast majority of them are unavailable. It appears that the only deal so far is with Gremlin Graphics to sell from their back catalog. I only recognize two of the games on that list (FOFT and Disposable Hero), and FOFT was a poor man's Elite that isn't going to impress anyone today.
So, what we want is someone from ZD Net to do the interview and ask questions like:
Do you have a deal in place for Gremlin's games, or are you still working on it and only selling games that have become "freeware"?
What other software companies do you have an agreement and what titles are you authorized to sell? If none, who are you currently in negotiations with and how are things progressing?
How are these games going to be distributed? Will they be disk images that require original hardware and/or pre-installed emulators, or will they be executable files that include the emulator?
Moving forward, what do you plan to do to advertise to a larger market?
Where are the 3D concerts?
What caused the delays in the roll out?
In hindsight, what would you have done differently?
I have to admit, the Camaro looks good.
I'll still wait to see what PRODUCTS are released though as this is still a cheap and limited advertising campaign which isn't going to amount to anything unless is it backed up with sales.
Moderator Alert
Be aware that QualityStocks is now listed as a moderator of this board. As a paid "pumper" of this stock, this is obviously a conflict of interests and should anyone find their posts being moderated/deleted then I would suggest that they quickly inform Investors Hub of any such incidents.
Look in at the left hand corner of the WRIT page to see the listed moderator.