firefight, There is no dilution now per the CEO. He said he already dipped into the SB2 and thats why the sock went subpenny in the first place. The debts were paid off and the diluter of the SB2 has been satisfied. There is 2 million in the bank. The exposure they are getting through circuit city is unreal.. Great timing. everyone is going through these adds because of the holiday shopping. I spoke to the CEO and was happy with what I was hearing.. The guy was also a VC at one time and is very aware of what hes getting into re: financing. He is also an accountant. He came off as smart and professional. Oh, no reverse split at all in the works.
OK, with all that said, we know things can change at any time, but you need to look at a few things when looking to buy a stock..
1.) How is the business their in??.... Well, the biz they are in is awesome. Blockbuster and netfix don't even offer games online and you can see the impact these games are having. Look at the x-boz 360.. heck, a good friend of mine I grew up with (Now a lawyer) just called me and said he bought an xbox the other day or himself.. LOL The games are so realistic that a huge part of the market is adults now, not just kids.. Games are so damn expensive to rent and buy(much more so than movies) and this is why I think the online rental will be huge because you can rent several games at a time for a small monthly fee and keep them as long as you want.. I have kids and know first hand how buying and renting these games at the store can drain your wallet..
2.) The deal with CC... Damn, how many penny stocks get this type of deal and this type of national exposure through a huge company??? You take the fact that there is a huge market for renting games/movies and the fact they are doing it through CC is huge...
OK, thats my thoughts and opinions..
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