Replies to post #69017 on Red Giant Entertainment, Inc. (fka REDG)

[SooS416]

Correct, it may be 10% of the last known O/S but is not reflective of what the fully diluted O/S will be if all shares are sold

[coopaloop21]

What he means is its more than enough to absorb the existing shares. Not that more would convert there

[thedocg]

Yes, you are correct it only represents 65k. But isn't this a more positive sign to have at least 5x more for bid then ask? I don't disagree it won't cover it all, but certainly helps having it now then not having it. Docg

[thedocg]

Sorry should clarify. I don't disagree in the cover if they truly have the fines, but we just don't know for sure without the filings. I do believe this is a significant dent in the convertible shares, unless hoppel is selling down here, then he'd get more if that is the case.

Either way - huge bid is good.