I can see your points, and I agree that management is in over their heads. I believe they have taken on so many things with too little staff coupled with the corporate side and they are overwhelmed. I would say a bait and switch involves an actual switch, and in hindsight the ability for one to see what was gained by doing such. It's just silly to think Eric would risk his reputation to make less than $2 million scamming shareholders by selling his restricted shares - especially in an industry where reputation is everything. I think they're already bouncing back from their troubles. They're certainly learning not to give out info that's not concrete. While it makes for unhappy shareholders that like the drama, it's a sound way to run a business.
As for their predicted revenue numbers, they may seem laughable now, but I really don't believe Eric stated that figure for any reason other than they believed they could do that. Of course, they walked away from HTYMP. That cut out a ton of revenue they expected to get, something they couldn't have foreseen. And in hindsight, that seems to have been a decent move at this point. I've noticed HTYMP hasn't been released yet nor has any promotion started. It's been a few months since TDGI walked away from HTYMP. If it was a black and white issue over money only, I'm sure a well funded outfit like Anchor Bay would have ponied up the cash and gotten the movie to market by now or fairly soon. The fact it's still sitting on a shelf shows that there's some behind the scenes issues with the film - most likely the music rights as we heard. Guess it wasn't all TDGI's problem, but I'm sure nobody will concede that.
I still like the chances of TDGI doing more than $2 million in revenue this year. Racing Dreams alone could account for $1 million in revenue. We don't know if Fox put up some money to distribute Twelve which is possible and does happen in the industry. All in all, it seems to me the worst is behind us. I'm happy the PPS has found rock solid support here. When the audit hits, we'll have to find something else to quibble about, right?
AI
