I invest/trade in entertainment company stocks. I own stock in two of the three companies.
I currently have no position in REDG. I sold the last of my shares when Benny did the video. I was looking to trade the stock. If you read back far enough my buy price was at $0.001. I did not get back in. I saw red flags in the video and it was around the time the convertible notes became public knowledge. One red flag too many and I was no longer an investor, but did stay to try and trade the stock.
As for the free comics, it's a gamble. It could work. I hope it works. But, I doubt it will work. They can vary their CPM (cost per thousand) advertising rate to entice enough advertisers to fill the ad spaces, but I don't know if they will. Anything break even or better is a win. There are enough different ways to generate revenue, they don't need to be profitable on the free comics, it just can't generate a big loss. The potential is big, I have never doubted that.
The reason I doubt it will work: there doesn't seem to be many companies advertising in comic books. Go flip through a modern comic book (Barnes and Noble carries them on the magazine rack), count the number of pages of ads. You will find that most of the ads are from the company that publishes the comic, few ads are from other companies. I do believe there are more than enough companies that are willing to advertise in comic books to make this work.
I'm glad you took the time to read some of my old posts. You probably noticed I can be highly critical of the companies I put my money into.
I doubt I'll be able to respond any more today, I'm down to my last few posts for the day. I may need them for the other boards.
