Hi gang. Anything new since I last checked in a couple months ago? Last time I was here, there was a big mortgage burning party at someone’s house. It appears as though that party will now have to take place at the brothers’ house(s).
Six months ago I stated that if a show were produced at all, it would be a low budget cya production. This was an easy prediction based upon the number of 144 shares listed and dumped as well as the lack of capital on the financials to produce a quality 13-episode product. The easily predictable end result is that when you produce a low budget crappy show, you will not obtain viewers and you need viewers to maintain sponsor revenues. Unless your Kellogg, sponsors also want viewers outside the 12 year old demographic of go-cart racing.
There was no apparent revenue stream or even a pro-forma financial statement to gauge company performance (finance 101 guys). By the way Al, since RRGI has declared themselves to be flat broke, I no longer need to see that pro-forma statement you were going to provide me(lol).
Please understand that I am not gloating here and I sympathize with all who have lost their investment. Unless you were a day trader catching the wave, RRGI has been a disaster for anyone on the outside and it was probably equally disastrous for many of those directly involved who traded off their services for shares in RRGI; and there appear to be hoards of those out there. Live and learn. Good ideas are a dime a thousand. Good execution is rare indeed.
Best Wishes to All,
Stan
