I disagree and agree with you 37...
Sorry, I did watch the video last night, yet got called to work shortly after so I didn't get to get on the boards.
I agree with 37's write up except in a few places and why the stock is doing exactly as I thought it would today, go down...
Partnership: First, there is NO NEW Partnership as Benny promised he was going so "announce"... He didn't name a company and he even said it was still in negotiations. Therefore, there is NO NEW partnership... HE straight up LIED to us!!! He lied to cover up the backlash from the GSL delay...
Until it in on paper, there is no partnership, it is still an idea and therefore in the investment world means nothing, especially a stock that has seen nothing but delays and promises... With no time given, or company named, it means nothing, especially in the short term.
GSL/Advertising: Delayed for no real reason given until April... Benny claims Diamond and others and fully admits that the previous November delay cost us... This tells me it was not having the advertisers, was the issue. You can't say you still have the advertisers, then use the excuse of nobody is buying ad space in January and February as a reason to put off the GSL until April. This counterpoints each other. Then to say we were thinking of still running it, maybe double issues, then say oh, but we need 4 months now... It doesn't pass the smell test... I again, say lack of advertisers is what is going on here. I support this by Mr. Longo needing to bring on additional help.
Had Benny tied the April delay to the possible new partnership, saying they needed time to finalize and bring the new GSL idea to life, it would have made sense, yet HE DID NOT...
Bandi: The game that was promised in the previous video is delayed. Second he admitted it was a skinned game. If you don't know what that is, it means they take an existing game and just change the skin, or the appearance, the surface. It's really the same game, yet with different characters and a few minor changes. This is how when a movie comes out they have game for it in a few weeks/months versus years for some. Think how every free app "running" game on IPad and Android is the same. Because they are, just a different skin.. Either way a delay means, delayed, with no timeline given...
Notes: 300-400 million notes left for the one company alone. That is a HUGE amount to still be able to dump on us. Then he didn't tell us what the other companies still held for notes... If the interest in REDG isn't up when this happens the PPS will tank right back down the $0.001 range, maybe even trips... Sorry, but its the truth...
Mark: The Mark story of how he came on the board was a wash of blah blah blah, back story. Benny's face gives him away all video long when he is pulling stuff out of his rear and when he is stretching the truth, and when he is excited, etc. He is the worlds worse person to give a press conference.
Truth is, since they have not been factoring, they have no money. If Mark had not provided a cash infusion of $200K into REDG, we would be looking at new notes. There is no doubt in my mind on this. Benny had to find new money without breaking his notes promise to investors.
Video Itself: The video was junk... Could have been done in 20 minutes, yet Benny ran off on tangent after tangent... It was not blocked/scheduled out. It appeared as if he did not pre-read questions or block them into sections. To make it worse he promised several times to circle back and cover items after the big news, which he never did... Then the never ending going off on stories........
It was a piss poor performance for Benny and I really wish he would stop doing them. Have another member of the board, maybe Mark now!!! PLEASE, Benny does not come across as CEO material. Several of my investor friends I have tried to bring into REDG have watched the previous ones and just been like NOPE...
Overall: What I am saying overall, is yes, I am glad REDG is moving along, yet once again, this is the same thing REDG has done since I bought in March 2013. Delay, excuse, big news, can't name the company, yet have big things in the pipeline coming soon... REPEAT
I am excited for HULU as we should see revenue from it. I agree with the rest of 37's positive comments and Benny's stated lookout.
However, until we see $$$/revenue from REDG it will go back down... How low, I don't know, If I knew I would be rich...
This delay and now this video for the SHORT term, has put us right where we were in June, November, and December again. A stimulated investor base, good news floating, and then DELAY, and EMPTY PROMISES...
I am long here, yet I might be dumping to be honest. I think after nearly two years it is time to move on and cut my losses, and being December, see if I can take a tax loss break. Maybe buy back in April. We will see... I don't know yet.
REDG has huge potential, yet that is all it is right now, potential... Investors want short term gains. This is inherently the difference in Benny and all but a few investors in REDG. Benny is talking years.... The investors are talking days, weeks, and months...
Right now it seems to be a broken record. Delay, excuses, promises, can't name them, big news soon... Repeat....
Just my opinions here...
The video last night crushed me. I wish I had the bright eyes of the noobs for REDG, I just don't have it anymore. Over the last two years, I went from a hardcore Benny defender, to mute on the issue, to now just wanting him replaced as CEO...
I want concise truth and information, not stories for 76 minutes of my life...
Penny_Island
P.S. The fact that Tony got a shout out and I didn't for not liking him... :-P Tony.... hahaha
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