Replies to post #74169 on Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

It's mostly informative. REDG paid bills with stock. bottom line, the company is still in business.

A lot of the stuff in the 8K was old. It makes me wonder if REDG will get another SEC fine.

With the multiple issuance of preferred stock, the board members should have voting majority, again.

I don't like the purchase of IP from Benny and David. I think it's unethical for Benny to sell any new IP to REDG. I think anything he comes up with since going public with REDG should be REDG's. The unethical part is from Benny not having a contract, which should state IP ownership, while working for REDG.

Since expenses were paid with stock, I would conclude the company still needs money. With voting control back with the board, I would look for a reverse split, in the near future, followed by more convertible debt. I would guess that exploitation of the new IP will be the main reason.