POWFOLIO is a massive product for REDG and people need to really consider it's impact in my opinion.
Please check out some of those articles and information behind the rankings and why it is important for them to stay in the mix in the app store.
Now consider this. POWFOLIO is an app developed by a partnership between Glowdot and Red Giant. Now look at the other two apps that they are next to today Comixology and Marvel. What is the big difference between those two app's companies that own them and ours?
Seriously, start considering how big this is for REDG! Comixology is owned and operated by a company (Amazon) that trades $713/share and has a $336 Billion market cap, O/S 471 million. POWFOLIO is next to Comixology in the app store. NO I am not saying they have the same downloads, revenues, users, etc...But read those articles on why it is important to be there. One is that some people will simply go to it because it's there not because they were actually searching for it.
Now consider the other app that POWfolio happens to be in front of today, Marvel (owned by Disney trades at $100/share and has a $162 Billion market cap, O/S 1.62B). Again, by association they are getting attention.
Yes the share structure is a factor without a doubt, that is why I listed them for amazon and disney. Part of the point is, REDG has developed something that is on the shelf with other companies who have billions of dollars in resources.
POWfolio app, which is sandwiched between Comixology and Marvel today, in the app store will have increased downloads simply by association and favorable ranking in the app store. I am not concerned whether they stay at #1 #2 or #3, but more that they just stay with the others. Millions of eyes will see that logo on a daily basis when they were not even intending on looking for it, simply because it is there.
I hope my post makes sense. I realize the past, not excusing it or forgetting it, especially with the 400 million added today, but everyone has to consider the impact we are getting simply by being in that app store next to those big name brands!
REDG trading at .0004, has an app (product generating revenues) in the app store that sits right next to apps from companies that are complete monsters! And this is BEFORE it is released in Android!
Go REDG!!! best to everyone, thedocg
