Sunday, July 22, 2018 12:23:29 AM
Summary: Ted intends on building MP subs to 5-10 million subs. He says 5 million, but I suspect that's not enough. In the mean time, he's using shareholders to accomplish his goal. The stock has diluted from 9 million shares to almost 400 million now. That means anything that's worth $5 before is now worth $5 x 9/400= 11 cents. The market is forward-looking so they'll reduce that value even more.
Many generations of shareholders have been destroyed. This group right now won't be the first and won't be the last.
I've said it before that the time to buy isn't at any specific price because no one can predict that. The time to buy is when Ted Farnsworth stops trying to milk the hell out of shareholders. That won't be until a long time from now. Current shareholders would have been wiped out and left this forum out of shame by then.
However, that was before the Emmett/Oasis acquisition. If this acquisition hadn't happen, then yes, once they have enough subs *AND* they increased the sub fee *AND* they actually make deals, then it might be worth it to hold, NOT anytime before.
HOWEVER, because of the Emmett/Oasis acquisition, which is GUARANTEED to lose money, this is no longer the case. The stock price will go down in flames because not only are they losing a lot of money, they are now losing even more money than ever. Dumbest thing Ted ever did is acquire Emmett/Oasis.
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