RMDG. HEADS UP!!
Art, I finally found that 5/15/2006 interview with Costonis at wallst.net... wasn't familiar with the site, had to sign up, but no biggie. Costonis sounded like he had a bad cold but I found some nice nuggets. Feel free to use this lil bit of DD in your ibox.
Here are just a few of the key points:
Their content delivery vehicles are state of the art in terms of technology, in some cases they are BETTER than that of big cos like Verizon and offers the customer more freedom and control with a software based platform.
"I don't know of ANY other record label right now that has 60 distributors woldwide right now..." (NUFF' SAID!)
Since he took over 9 months ago he has cleaned house (note the nice words on their site though, kinda classy and let's-not-burn-our-bridges, it surprised me especially because it looks to me like previous management - tyhe folks he got rid off - had gotten the company way in the red and the stock in the crapper) and reduced debt by 85% down to 100K. (that's pretty damn good IMHO)
Many new products launched, many new deals with other key companies (see string of recent PRs, he has a GREAT understanding of how to create and then dominate a market, their co controls much of the hip hop pipeline already... it's a 10 billion market wordwide... they are getting off the development stage and they clearly want off the pinks... WATCH OUT LOL.)
"Very confident that we will be profitable within 90 to 120 days" (again, nicely conservative here.)
"next milestone is BB status, we won't make that move until we've brought in at least 5 million in revenue" (which he sees within 12 months, I'd bet MUCH earlier than that, but nice to see that he's not all puff and fluff as are so many on the pinks.)
"Feel great about the foundation we've been able to lay down."
"Already dealing with major companies like Vivendi Universal here or in Europe the Pickwick Group based in London (I'd say more to come... also more big-name artists and quite possibly a high-profile co President.)
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I also found this in the April Shareholders Letter, Look who they're emulating (in bold.)
"So how do the three companies relate to each other and the common goal of increasing shareholder value for our stockholders? RMDG companies can produce a music release, promote it, sell it globally, our artists can wear our clothing line as an endorsement, we can broadcast it all on mobile phones and on-line (IPTV) around the world, and once again sell the music and clothing products during that broadcast. It is a true global entertainment group. Management's goal is to have a portfolio that matures and eventually looks like Sony Music, Sean John Clothing, and Comcast Cable Services. We feel this type of business platform is quite formidable if we continue to make progress as we have these past few months. It is my goal as CEO of RMDG to make this company profitable as soon as possible. As always, you have my commitment to success, hard work, and sincere thanks for your support."
I hope this helps everybody. My only concern is that the A/S is a little high but there's been more and more interest and volume lately, and I don't think they are dumb enough to kill the momentum especially with being almost in the black now.
Am I ready to let a single one of my shares go at these ridiculous levels? Hell no LOL. What they've done is big, what's in the pipeline is BIGGER. This is heading right up to 1-3 cents IMHO, and sooner than we may think.
