I was a little upset about the PPS yesterday so I googled REDG wanting to find any info that might justify a continued holding or buying into this company. This is some of what I ran across:
REDG is hiring artists, inkers, pencillers, and all manner of persons that have artistic talent...and the requirements seem to be quite strigent. The art submissions must be done in a certain manner, and the talent they are looking for seems to be very high.
Upon reading other areas of endeavor by REDG-I have come to the conclusion that this is worth not only staying in-but expanding my position as well. The debt is still a problem in my mind...but I believe it will be paid for by the lenders selling their stock. I further believe that as they sell that stock, the PPS will be kept artificially low. This may be the biggest buying opportunity of our lives...right here-right now....but the operative word is "may". Is it worth investing more into? Yes. As you can afford it, and not with the mortgage payment, rent, the kids college fund, or anything like that.
I cannot dodge the FACT that this PPS may be somewhere in the mid .20s inside of a year, at a 1.00 or more somewhere in the next five years. Those numbers by themselves make this worth more than a reasonable risk.
If the debt is paid back, and the advertising revenue comes in a timely manner.....need more be said?
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