Why did the REDG share price drop?
As I have said over and over again, the share price will not go up until we see revenue and it will not explode up until we see profit, aka black on an official financial report.
I have spoken multiple times now about the toxic debt and the lack of trust between management and share holders. This 8K just further supports that. New investors will NOT get "in" on this stock until this toxic debt stops or at least a list and formal time line is produced to shareholders so ALL debt is 100% transparent, so we (the investors) know what is coming.
Again, I have over 8mil shares and first bought REDG at $0.09, have followed it down for well over a year, and leveraging all the way below $0.003. I was considering picking up another 3-4 million shares this week with the drop, yet to be honest with this last 8K and the promise of "big" news again from management, I think I am going to hold as is.
We have been told "big" news is coming that can't be talked about for a LONG time. The same thing was said in the YouTube video last year. True, many of management's promises have come true, yet again, until revenue is shown....... I don't need to repeat it again.
In addition, I don't think the "big" news is a merger, a buyout, a reverse split, etc. I think the "big" news is a move deal of some type or a co-project with a major company or studio.
I don't think there is any issue or delay with the new Free Comic Book line. When you sell ad-space, certain things like time lines etc are in the contracts, so it's not so easy to just decide to move advertising dates, etc. I would say there is a better chance they were printed at cost or at a loss, then a delay.
I also would not read too much into the type of advertisers, such as BBC, LEGO, etc. Yes, they are great to have, yet these types of companies advertise based upon a cost/distribution calculation. If the price was low enough with a large enough distribution number to segments they target, they would of course go for a small company. I have picked up some off the wall publications that have had large advertisers in them.
I do believe our new marketing guy is responsible for these "big" name advertisers, yet I don't read anything beyond a professional connection. I don't see a future deal, etc out of it. Business is business. A name and reputation can carry a lot of weight. If he calls people he conducted business with in the past and said I have ad-space to sell for a good price that covers this demographic etc, of course they will buy it. Believe in the company, not rumors or the good idea fairy. I have learned the good idea fairy usually cuts both ways and usually disappoints.
Just my $0.02.......
I wish I could be on here more, yet I do not sit at a computer during the day, so I only get to read at night and on weekends. Again, thanks to everyone who has taken the time to do a lot of research/digging things up.
