REDG is not a SCAM!!!
and I think if anyone on this board can say they are far from a cultist for REDG it is me... Especially it's CEO...
News moves stocks in the short term and financials move it in the long term. People yell scam cause they all jumped in and bought REDG over the last few weeks expecting the GSL release and when it didn't happen they got caught and lost. Now they want to run around yelling scam. No, they took a risk and lost... Plain and simple. Welcome to the stock market, especially Penny Land. It has happened to us all!!!
With REDG off the top 10 board and no products due until April, the PPS is slipping back to where it usually sits $0.0013-$0.0015. I have said this will happen several times. I don't mean that as a EGO pump, yet more as a it has happened multiple times in the past, so for the longs it is not surprising. History is repeating itself.
When we see financials REDG will go up. Magika will bring in a good amount of long overdue/needed revenue. However until it is on paper in the form of a financial report it doesn't matter. I expect to see it in early spring 2015. I hope that warms people up and raises and stabilizes the PPS waiting on the April GSL line release and May's FCBD.
However, REDG has a LOT of long term irons in the fire. The GSL is and always has been the product that will make or break REDG. It is pushed to April, and so be it. It will happen in 2015 and make a lot of money... In addition I fully expect to see the potential partnership announced in late February or March leading up to the GSL release in April, again followed by FCBD in May.
Worst case they delay/push the GSL one month to FCBD and attempt to launch it as originally planned. I would be fine with that as long as we have long term notice of that fact.
Once we see financials from Magika, I think we will see additional films put onto HULU early next year which will bring in additional revenue.
Just my thoughts... We will see our normal $0.0013-0.0015 PPS until news or financials. It could go lower if new shares from previous notes are released, yet until then we wait.
Penny_Island
