As I stressed last week, we will not see an increase in share price from FCBD an likely not from COMIC-CON or movie info either. I have over 8mil shares and have been here since it was $0.09 and leveraged down all the way. I have eaten a LOT of red here and still have high hopes. It will go up and be a giant, which is why I am still here! I do think we found the bottom though around $0.003.
However, as I said before, due to the trust being burnt between investors and management with late filings over and over again, changes to filings, and hidden toxic/convertible debt, nobody will touch REDG without solid financials at this point. Even if they have a product and other penny stocks don't. REDG had its run based from PR last year. Those days are over and only solid finances will turn it around.
Looking at the last quarterly, they have almost no funds and spent more then ever while revenues were way down. This was done to create the FCBD release and the first run of the free comics. I understand you have to spend money to make it, and I support this. However, this tied with everything else that has happened to REDG over the last 12+ months regarding finances, the price is not going anywhere without solid "black" financials or significant signs of sustainable revenue.
I am expecting a solid showing of revenue in the next report, yet I think we took a loss for FCBD and likely ran the first order of free comics at or near cost or a loss just to get it going and the name out there. This will show solid financials and sales however, which is what we need to continue. The next financial report after that (this fall) is where we will see BLACK and a $0.05-$0.10 share price. Just my $0.02.....
Any opinions welcome and awaiting the Murphy report like everyone else.
