Fair statements to a point. It is foolish to be long penny stocks since 99% never truly make it. Now with that said if you have that 1 percent, than it would be foolish to walk away since the return potential exceeds everything else, outside of massive pump and dumps. I am that fool taking the high risk on what I believe is the 1 percent. If I am wrong than I am out money but if I am right than it could change my life. We will know within the next 24 months. I say that long since I do no care about 6 cents but rather the 26 cent mark. I cant see hitting it this year but based on what they have accomplished and what is in the pipeline, I would not rule it out over the next 24 months.
TDGI has made a lot of mistakes and yes Eric has put his foot in his mouth more times than anyone would like to admit. I do however believe they are doing the best they can with what little staffing they have. Over the last 12 months this company has changed immensely. They have hired a lot more staffing and shown a much greater ability to acquire movies and begin the road to steady cash flow. That is huge and should never be misunderstood or overlooked. The legal issues will eventually be settled(for a much smaller amount, that's business) and in the end will just be a blip on their screen.
I too hope and wait for the audit but with first hand experience in such matters I can comfortable sit back understanding the issue. I too have been with a small company that nearly lost everything do to issue of auditors. It is very expensive and very time consuming. Now if Fotus could not get the paper work together than the auditors were simply collecting documents this whole time. There are key items required to begin any audit and the shell paperwork is that key point. Without it there is no audit. If they cannot produce it this year than I like most will know something is very wrong. The documents are now 100% within TDGI's control. This is the first time and we are but 75 days into that period. The consistent audit announcements are a black eye on the company and truly an issue of opening ones mouth before they should have. I would not expect the audit until summer or fall but if nothing by year end than there are major issues here and many longs will likely begin to exit.
Next is the symbol change. Based on FINRA rules there is no red flag here yet. They have not crossed the period of time it takes for FINRA to change the ticker. Another case of opening ones mouth too early. The symbol change should not have been announced until the paperwork was in but Eric appears to have gotten a little ahead of himself.
Lastly yes the price has been here but the company is a very different company today as compared to the first two times it was over 3 this year. Does this mean we keep going up, probably not but I feel we have a very solid chance of consolidating in the upper 2's before we blow through the upper 3's. It can take another year to run beyond 6 cents and I would be fine with that.
We are in the pinks and if you can care less about the exchange than you should really reconsider what you are doing in investing. Pink stocks do not act like blue chips and 99.9% of the time lack the credibility of blue chips. That's just the nature of the risk. Pinks give higher returns (the right ones at least) but will usually carry such issues as missing timelines, stating something but never seeing it, and show growing pains. We are truly on the edge of a monster change here and the next 6 months will be very nice. That will than be followed by a rather explosive move since cash flow continues to grow and so will the company.
JMHO
Good Luck
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