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Re: chiefwiggim24 post# 23534

Saturday, 03/02/2013 1:41:54 AM

Saturday, March 02, 2013 1:41:54 AM

Post# of 85192
Chief, I would have to say that with all the serious problems this stock has right now changing the symbol is the least of their worries and the easiest to fix. Studio for sale, no movies in months, no real film production on the island in the forseeable future, no film production experience in the backgrounds of management and no money to execute whatever plan they have in the wings.
Producing films is hard. Getting funding is very difficult. If someone in management has a dream to produce films I have no problem with that,
more power to them. However, it's hard to ignore that they are not even at square one of the process.
No revenues now means they will go to the till right out of the gate.
Share consolidation then a placement to raise a stake to do business.
They will ultimately walk away from the studio business. It just won't support itself. My opinion only but practically, I don't see any other outcome.
Good luck to all