Replies to post #53292 on Eyes on the Go, Inc. (AXCG)

[butoft]

Why should the price go up right now? With dilution, the market in general retracing, and minimal news, I don't see any reason for the price to head north RIGHT NOW. In addition, Chris hasn't been the most transparent of late. If people thought the Sony news was going to cause this stock to run, then they were definitely mistaken. We are only talking TWO shows with them. Now if they came out with a GanderTV app for the PS4, that's different. I know having any kind of relationship with a company like Sony is a big deal but we have to keep it in perspective. I still suspect something big is in the works.... Right now, I will be happy if we can get back out of trading in the trips. The quality of the venues with get with the Nashville expansion will have a major effect on the pps. I will also like to hear if C&N are coming back? This might just be a 2015 play.

[skyking4130]

I mean there's several things that aren't right... It's laid out pretty well in the financials and out for viewing on the website. According to the financials, we aren't finished diluting yet - capitol is still needed and Carey, at the last quarter anyway, wasn't expecting to break even yet. I think it's safe to assume he hasn't. Let's get real - breaking even on an internet based company is insanely hard. Look at Am-zon. So problem 1 - dilution.

Problem 2 - also in the financials - we're losing more money every quarter. 1 Billion in sales isn't good if it cost 2 billion. They need to reverse that trend sometime soon if we want the bad debt to go away.

Problem 3 - The website has a lot of broken links and generally the poorest video/audio quality I've seen since dial up. I don't even know HOW you buy equipment that films that poorly anymore. If your business model is to allow people to watch audio and visual based performances, your medium to provide that service better be good quality. Theirs sucks. We all know that too. It needs to change immediately. The market in this country for SD TV barely exists - same goes for gander.

Problem 4 - No one knows how many shares there are. Kind of hard to value a company without knowing the share structure. Carey gagged the TA - so the only time we'll find out how many shares are being dumped is at the end of the quarter.

Problem 5 - From a purely valuation standpoint and assuming 0 dilution since last quarter (not likely) - we're sitting at a market cap of 2.6M at the current price. Frankly, that's probably even a little high for an unproven company loosing 500K a quarter, ~6M in debt, and since inception sales of under 1M.

[aftt36]

Maybe you should see a psych doctor he could give you the answers that you are looking for......