Interesting friday it seems. I went out of town and only checked volume at the end of the day and saw the transfer of shares.
I tried to keep up with reading a some posts, but really didn't have time. Thanks AJ for breaking it down.
Honestly, I don't think anyone should have been surprised by this. With a 400 million share settlement going through, and verified when I called the TA and they stated the share price was exactly 400 million more than it had been since the end of April - we knew there would be selling happening.
This reminds me of a few trading days in Jan and Feb that had huge volume days, that came out of no where. They came and went with almost no notice simply because REDG had no products in play (POWfolio was not out yet, Markiplier was not announced yet, and Zwagbox was not in the discussion). So, not many were really paying attention in my opinion. AJ went back through those points of convertible debt selling including those days - and I still believe those numbers are accurate in my opinion with regard to debt sells. Which is why most if not all convertible debt prior to hoppel was pretty well in play as best can be ascertained without a filing of course.
The hoppel note added 400 million once the settlement was released. If he did indeed sell all in one shot and went below his .0003 REDG has up to 3 days to respond to an issuance of more shares to cover the claim. BUT they also have the right to have hoppel verify the number of shares he sold and at what price before issuing him new shares. Will he get more? Maybe/Maybe not - we just don't know for certain until we get a filing that clears it up.
I may be in the minority here, but I know a few others agreed that knowing stuff like this was coming was better to get it done and out of the way sooner than later. I would love a cleaner house come comic-con, but we just won't know until filings come.
That being said, 3 revenue streams - products in hand going into the biggest event of the year - I like that position. Could it have been better - of course, but we can't change the past, only make better decisions in the future. We'll see where things go. In my opinion, I am still feeling good where REDG is going with these products.
I have a couple more posts, but wanted to get this out since I missed all the action. good evening to everyone, thedocg
