Where are we currently???
Sorry everyone, I don't have time to post due to work, yet I still get on here and read when I have the chance.
My opinion of where we are right now:
Delays... Benny stated distribution issues and I now believe him. It appears REDG thought Diamond would just distribute the GSL to everyone. Yet, Diamond wants shops to opt-in/sign up for the GSL, not just send them out. I think getting enough signed up is proving to be an issue for REDG. As we have seen Benny ask multiple times for all of us to call up our local shops and ask them to opt-in. In addition, REDG's employee's main job seems to be calling shop owners and winning them over to sign up. I think REDG needs everyday and ever shop possible. We have also seen Benny respond saying they will not increase the number of GSL line comics per week, so the math is clearly based upon a set number 1,000,000 comics a week and the quarterly 5th week edition.
Ad Sales... I also believe there has been a lack of ad sales for the GSL with Chris Longo. In the 10K we saw that all fees went to Longo's firm, not REDG and the ads were sold at extreme discounts. I think the delays have also hurt the ad sales in the long run. I believe once the GSL is out and has a proven track record, ad sales will be much easier... Yet due to low ad sales, what has REDG done??? They sought out long term partners, hence, TRU, Bandi, and the new mystery partner. TRU and Bandi are still on and has been confirmed as being so. It is clear the new partner is tied too the launch of the GSL. I know Benny has said otherwise in the last week, yet I don't see how the GSL can launch without a massive increase of ad sales or a partner under long term contracts for ad support.
GSL Release... I am not going to rehash the last 2.5 years I have owned REDG and the delays. Benny has given us a "tentative" date of 1 July 2015 for release of the GSL. This also coincides with Comic-Con 2015 in San Diego which is the following week. This means issue #2 of the GSL should launch the day Comic-Con starts. I mean this is HUGE if REDG is the talk of the industry going into the largest comic convention in the world. Now that REDG has confirmed they will be there again this year, most likely with Marky-Mark in tow as well... I think this is make or break time. Comic-Con is very expensive to attend and I think this is genius... REDG is not going to participate in Free Comic Book Day (FCBD) this year, and I support this. REDG is saving their money and dumping it all into the GSL release with Comic-Con.
What are we currently waiting for...
Hulu Numbers from Magika
Quarterly reports
Partner Named
GSL Release
New Hulu Content
Last Blood Movie
Tesla Movie/Series
Wayward Sons Movie/Series
Share Price...
The share price is going to stay where is is for the time being, 0.0008-0.0012. What will change this? News from anything mentioned just above, such as who the partner is.
If we have no partner named in the meantime, as we have seen with all other runs prior to release except April (as all signs pointed to no release) we have seen a run to about 0.0024ish. Therefore, around 15 June 2015, I expect to start seeing the scheduled release move the stock PPS upwards, and for REDG to be on the IHUB Top-10 again. So again, unless news comes out, we sit where we are until then... Therefore, low daily volume and trips until one of those things happen.
This is the current REDG situation in my opinion...
Comments welcome...
Penny_Island /// REDG Long & Strong.........
