erock500: Did you read my posts before? I always said that I expect this to go to 8BB o/s per the latest filing. That will give them $22MM plus what they have now (making $28MM) which, IMO, is PLENTY to hold them until they're in the black.
Might I be wrong w/ that assesment? Possibly, but only time will tell.
Did you happen to read any of my posts? When did I ever NOT admit to very probable future continued dilution. But, I'm NOT in the camp that thinks it's going to go to the A/S 25BB and even higher. That MIGHT be the case if this company had no potential, but they are IN THE MARKET and POISED to take on BBI and NFLX/Gamefly HEAD ON.
That's EXACTLY what PS, CEO of CC expects will be the case.
He's been down that path before and now that he's worked the "weeds" out and straightened that path to boot, it will, IMO, be a quicker trip to the point that NFLX and BBI are now.
He wouln't have taken on GnF or ANY OTHER DVD/game online rental outfit if he didn't think that, IMO.
Funny you talk about "greed". Well, if it weren't for "greed" for one's own self enrichment and the capitalistic structure to make that possible, then we woulnd't be living in the strongest, greatest country in the world today.
JF's entitled to his $200K/year, IMO. He landed the most sought after position of all small online DVD and/or game rental companies...
a national rollout w/ the country's second largest electronics retailer. BTW, which is in the best position they've (CC) been in years and they have many many eyes in the market focused on them.
Not bad company to be associated with, I'd say.
Funny how you think it's only because of past mistakes that they were/are trying to get in w/ national retailers. How wrong you are. They KNOW that THAT is a ONE WAY TICKET to instant exposure and credibility. And, it's THE BEST WAY to even have a viable chance to take on BBI and Netflix/Gamefly. Netflix knew that such a partnership would do wonders for their company's growth (and it did) and so does JF and CG.
Also, you say that I blame the flippers just like JF. Well, concensus show around here, I'm not the only one who sees it that way.
So, I guess you want me to sell to? loL! Will I "flip" this as well? Probably because I'd like the "comfort" of sitting on "free" shares like many around here. So, am I now a criminal? No, just being honest.
Calling 'em like I see 'em.
lns
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