Thursday, September 11, 2008 4:26:14 AM
Go over to the investors blog right now and re-read the Shareholders Letter again: http://blog.reeltime.com/index.php?blog=2 . Then re-read all Barry's posts written about the audit, or the various marketing plans... peruse the posts here recounting conversations with Mark F or with Joe, and the posts on Asus' board of talks with Barry, as well as the posts written by SFTrader about significant progress behind the scenes. I was asking about the things they've stated.
They say audited financials are coming, a 15c2-11 filing is being readied, Reelcash is being fixed, ads are being created by Todd for shareholders to place themselves, that the development team is working 'tirelessly' on the upgrade to 2.2 IRDS, that the necessary site fixes will be seen with the release of 2.2, that the launch of 2.2 is imminent, that a marketing campaign is being managed by an outside company and will coincide with the launch of 2.2, that the Lightworks NxT and Laguna sites are almost completed, that even more JV's are coming, that redistribution of major studio content is expected, and according to Barry's shareholders letter, that the real business is actually in providing an 'end-to-end delivery platform' and not '... a business of “online movie rentals”...'
Like you I am NOT interested in 'leaks' as I don't regard them as anything more than rumor. When it comes to reeltime I can probably read between the lines better than most here anyway, and the rumors I've heard are IMO just an attempt to manipulate certain people and/or the stock. So I was sincerely asking when other shareholders might expect to see or hear something substantive.
The quiet from reeltime may be comforting to you and I understand why you would feel that way... ignorance is bliss, no news is good news, and all...
But to me, all the proclamations of major progress taking place behind the scenes, followed by such a drought of anything substantial is starting to signal warning signs - to me. After so much time it seems if there was something to tell us, they would. And yes, that is definitely unnerving.
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