I've had a hard time lately watching the PPS fall over the past few months... I've been thinking long and hard about how I really feel about where we are headed (as a company). It kind of hit me today that I really don't think we have anything to worry about. This is a brand new company, in a brand new field that does not even have an industry leader, let alone much of an industry yet.
Some people see it as a surprise that the stock price has fallen so much lately. I see a rock solid foundation that has been built over the past year. The MM's have tried so hard to break that .07 mark to no avail. Do you think it's a secret of where the stock was and where it is now. Does anybody realize how many shares people inside the company actually own. Again this is a brand new company with out much capital. Do you think Mr. Gersh, Ms. Zaslow, BH, and everybody else over there hustling to right the ship is getting paid every week with a full paycheck. I don't think so. Most of them are probably getting paid with some type of employee stock option along with a paycheck. Don't you think that those insiders want to do everything they can to improve their own positions.
C'mon, ICTN owns over 20% of Reeltime stock. I'm sure that Barry who pretty much created Reeltime has a pretty healthy portion of RLTR in his possession. Do you think he is going to let all his hard work go to waste and he's just going to lie down. Of course not, these people have a plan.
Last month, I posted an e-mail from MG. I posted it on this board for everybody to see. I was nervous that all my hard earned money that I poured into this stock was dwindling by the day. MG posted himself that everything that is going on right now is planned. This quiet period is their own doing. They see the stock price hovering from .07-.09 and they are not panicking.
In my opinion, they have something going on behind the scenes that we don't even have any idea about. If any of you have talked to anybody in the company lately, there is no panic on the other side of that phone. I think what had happened was the company saw the expectations of the market during the first 4 months of the year and saw that with-out hard evidence, nothing was really going to push this thing onward and upward. So they are sitting back, and waiting for everything to line up perfectly for them. I would like say that they are waiting for the Perfect Storm. (If anybody has seen the movie, I could just see when the meteorologist is sitting in front of the computer screen analyzing all the data in front of him, that right there is Barry and Michael, just waiting for the right opportunity to hit us with that storm. Which I feel should be any day now.)
For those of you who have made through my rhetoric here, just a quick note. When Netflix was founded back in 1998, they were in an industry that is very similiar to the position we are in now. The DVD was a fairly new object and not everybody in America had a DVD player in their household. The internet wasn't even in every household as it is now. (For those of you that are paying attention, notice I said America, we don't have those restrictions. We can tap an even bigger market, not just 286 million people, but over Six BILLION potential subscribers. Well not that many, but you get the point.) PS I would also like to point out that Netflix is a very profitable company today and made many people very rich if you were lucky enough to get in when the time was right. But did you know that Netflix lost over $158 Million dollars before they ever even turned a profit. Yes that's right, when Netflix's IPO came out, they were in the Red over a hundred million. Look at our situation now, that doesn't even come close to where we stand right now. As of last report, we stand at just under 1.6 Million. Not too bad when you look at the overall picture.
Goodnight Everybody. My hands hurt.
AI
