His experience is comforting, that I will say.
At the same time, I don't think they are yet creating anything of real substance. I think it's easy to make news releases about shows, etc...but it only matters when you create a real fan base and people are watching.
I've seen people talk about the Alien Interview Channel. 38 subscribers is beyond horrible. There are no-name rappers in middle school with more subscribers than that. That isn't an asset, by any means.
Even the rights to a movie with someone halfway famous doesn't mean money. In fact in a lot of these cases movies lose money.
Again, what may sound like bashing is only being realistic.
Fantasy sports is huge...anyone can talk about how huge that market is. And the great thing about that is that it often is a customer for life. But there's huge competition. Not only that, how many are using THAT company's fantasy sports league? I hate when people say "look, I'm in this x billions dollar industry". Yeah. Fine. That doesn't guarantee success by any means.
When fatmike says every day for 2 weeks that news is coming, and NOTHING COMES, it is extremely frustrating to me. Why does the CEO hire an investor's relation firm that downright lies? Why are they literally invested with the company, and lying about when they are putting out news releases, saying "Tomorrow...tomorrow". It is disconcerting.
Someone replied to me saying they know many times that a company has gone from these levels to a nickel. I am trying to be positive here, but it's literally at .0001. To get to a penny it would have to have ASTRONOMICAL news. But since the CEO said it in an interview, people want to talk about a nickel.
The balance sheet and income from assets is great, but it hasn't really been reflected in the PPS besides a spike and gains that didn't hold. I'm glad that Tom isn't taking any toxic funding, but acting like this company is worth a nickel a share...it would need to have a blockbuster movie, or something. With the film industry, it's hard to say what's going to stick. He has experience, but there are many people in the movie industry who have experience who do not have the pulse on what's going on currently. I mean, Alien Interview channel? Really? Does anybody on this board really feel like that was a great investment?
Look, I like the fact that there's no toxic funding and we have a CEO with experience. But so much needs to happen for this to hit a penny. Revenue is great, but it takes a lot for gains to be held through profit-taking.
The fat mike thing really changed my whole perspective on this stock, sadly. It's sad to see a guy committed to a stock, excited about a stock, just completely lied to for no reason. Why would a professional IR firm do that?
Hopefully 2016 brings great things, and we GET OUT OF THE TRIPS. People are acting like that's a given. It's not. I've read too much on too many boards to be talking about pennies. Let's not put the cart before the horse, here, is all that I am saying.
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