Not a happy investor...
Bear with me if I don't sound happy and venting here...
Here is the deal. I am excited about POWFOLIO and ZWAG-Box. However, GSL has been the cornerstone of REDG for years and we have over and over again been lied too about it.
The last two launches we were told GSL was just short of this and that. Many of us "LONGS" said over and over again it was due to lack of advertisers yet Benny always said that was not the case... It was always a last minute issue that they could not secure that amount of funding from advertisers given who REDG is, or the current time of year we were trying to launch in.
So now we get Benny admitting that it was due to lack of advertisers all along, even though at the last delay he said he had firm commitments for May 18th.
I don't like being lied too and to be honest, Benny clearly knew about this weeks if not months ago. To wait until he could cover his arse with POWFOLIO and ZWAG is just dishonest to investors. Furthermore, what do we pay or ad sales guy for or since no GSL why do we continue to employ him?
Also, if we have been factoring for months based upon ad sales from the GSL, where did that money go and now who do we have to pay back, and HOW MUCH???
There are more questions that need to be answered.
Not to mention REDG FB still has the GSL on the top of its page, again a LIE...
Yeah, I'm not happy right now... Especially after almost four years...
The main issue with only an app is that we cannot calculate income for it. Until we see real financials we have no idea what we are making and we all know how on time Benny is with financials...
This stock may jump up, but not nearly as much as it would have with a product we could project financials for based upon ppp etc.
I really don't know what to do. Part of me wants to sell since I am at my break even point and I DON'T TRUST BENNY, yet another part of me wants to see how POWFOLIO does. In my opinion, ZWAG will not take off and the GSL was the monthly income we were counting on...
On thing is for sure, I was considering holding for the long term game, yet I think my time with REDG is coming to an end this summer.
-PI
