The CEO has been running on this video streaming hamster wheel for over a decade now.
Typical of a dreamer... Great idea but no working capital or understanding of how to make the dream into reality. He jumps from one shiny new project to another leaving everything is shambles. Distributor, producer, director, writer, media mogul. He's never been successful at any. Now, ten years later he's still broke and has not a single person under his employ. He's a sad, unpaid, one man band. He can't launch a bona-fide competitive streaming video service by himself. The amount of work this would take is astronomical. Developing mobile apps, smart TV apps, tablet apps, desktop website, artwork creation, sign up functionality, tech support, payment software, royalties, metadata, close captioning, legal, 8 tier marketing & awareness campaign, advertising, troubleshooting, beta-testing are just the tip of the iceberg.
Something like this requires MILLIONS of dollars and a massive team of experts. 8M would not even scratch the surface.
The price is going up based on assumption. In this crazy world we're in, it will likely go up some more. But when this buffoon effs up like he always does... Look out below.
Longs should support the CEO for the long-haul. Hold strong. No selling. lol
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