On Watch is 100% correct. The true longs are at the breaking point.
We are tired of being lied too...
The GSL is what we have been promised/waiting for, for well over a year and a half..... Hulu and Magika will be a few 100K a year. The GSL is millions!!! That is why we are upset about it. Not to mention this is the THIRD delay this year alone of the GSL...
Benny promises and promises on these videos. Go back and watch the previous ones. He promises news of movies, partnerships, etc. Have we ever heard of ANY of the other partnerships and announcements he said were coming soon, always only a few weeks away, in these other videos? NO...
Investors have the right to be upset. The way the delay was announced, its timing, and the explanation was not up to snuff.
Benny says they found out just before, yet I call BS on that. Benny has always previously posted pics etc of comics sitting in warehouses waiting to go out etc. He was dead silent. I emailed and called several weeks prior and asked if it was still on. DEAD SILENCE, no responses. They have always responded in the past like for FCBD. Benny knew, he just didn't tell us. Then to throw it at Diamond and say it is their fault... Really... Wag the Dog at its best.
If it was Diamond and you found out just before, Benny is not paying attention to what is going on to the product he is saying he is spending all his time on???
Benny owns the printing company, he controls the shipping from China, so it's Diamonds fault??? Benny didn't say or answer the question if they shipped millions of comics and if it got to Diamond and they couldn't get them out...
They never got there, cause they never left China in the first place cause they were never printed... It doesn't make sense... the only explanation is they didn't have the advertisers, just like before... This is supported by them bringing on another person to sell ad space. Benny can;t admit that though.
Then look at TRU... Benny said they have central distribution to all their stores. That is about a 2 week turn around in the USA for average retail. Which means REDG would have had to had them to TRU about a week prior to Thanksgiving to be in the stores for release. TRU never got their books, so they didn't make the date weeks in advance... So again, they KNEW well before...
Benny didn't answer any of the hard questions that were emailed to him, he skipped right past anything he could not fluff through with side stories. Then he did not return to any of the questions he said he would, such as financials.
True no new notes, yet they had no money at the time. If Mark had not given them 200K, they would have had to issue new notes.
If factoring was as easy as Benny says it is, they would have done it... The issue is you have to have hard sales you can collect against to factor!!! Clearly they don't have the number of hard sales to factor, which supports the lack of advertising I am talking about.
The true long's issue is not REDG, it is BENNY!!! We need a new CEO to drive this ship and be transparent with us investors.
Penny_Island
