New poster, LONG time lurker.
I have been watching REDG for well over a year and first bought in at $0.09 and have followed it all the way down and gone VERY red in the process. I have increased my position a lot over the last few months averaging down. I currently have just over 8 mil shares. I have never posted on here, yet feel I should get involved.
I have seen all the back and forth on the board over the last year or so and I guess I have a different view of REDG, ignoring all the pumpers, bashers, and seemingly bi-polar lover/haters depending upon the day.
I always knew this was a 1-2 year hold as the goals put forth by management has always been long term. True, I never thought share price would fall this far, yet I have just viewed this low share price as a GREAT buying opportunity.
In my opinion, FCBD is not going to increase the share price and neither is COMIC-CON 2014, or the near term movies. REDG has filed too many late and bad quarterly reports, made revisions, and hid a lot of debt and other debt agreements from shareholders. This has more or less created a toxic environment for trust between investors and management. I am looking forward to the independent Murphy report, yet all the hidden debt caused a significant amount of distrust for me and I think that was/is shared by those who have been holding REDG for over a year. I know I felt lied to/misled by management.
Therefore, UNTIL the company shows profit aka black in a financial report, the stock isn't going to move that much. New investors need proof at this point, not just good news. Could REDG see $0.01 before a formal report, yes, but likely not. I fully expect to have to wait one to two financial reports from now to see real movement in share price.
Why do I continue to invest if this is my view? As I stated above, I am long-term and I see the potential for REDG and I believe the management is going in the right direction, even if it took a while to get there. I see REDG hitting $0.01 to $0.05 on good news and the first quarterly report showing profit or significant revenue. I think following that, if we get another good quarterly or news of confirmed advertising agreements we will see $0.10 to $0.20. From there, I can't estimate without further information.
I give these ranges as right now all the company has going for it (money wise) is the comic book advertising revenue stream. True, there are movies such as Magika coming out, yet this is direct to digital download such as Netflix, I don't see that being a huge source of income or movie hit without a massive marketing plan to go with it, which I have not seen planned, nor can REDG currently afford. Yes, I understand REDG is more then a comic company with other movies and products "planned", yet until these other products bring in revenue, REDG is just that, a comic company, as that is what will be the backbone of the company in the short term until other revenue streams mature. We must face it, if this new free comic business model doesn't produce, REDG will find it hard to recover along with the share price. I am investing on my belief that it will work, yet it is a RISK.
Just my two-cents. Not saying I am right, and trust me I would love for this to explode to $1.00, yet I am a realist given the current situation. The current lack of new investors, even on good news, would support my opinion, and as a few others have said, until we see profit or significant revenue on a financial report, the rocket isn't taking off.
All the best, thank you to everyone for all your research and links you have posted, and go REDG!!!!!
I am open to any other opinions or having a discussion, yet I will not get into an argument or name calling. I am an investor, here to make money, and here for the exchange of information so we may all come out ahead, nothing more, nothing less.......
