Replies to post #7788 on Writ Media Group Inc. (WRIT)

[wowhesamillionaire]

Sub Penny

I really dislike looking at the current share price. The share price should be above a cent, ideally 2.5 cents. There are many reasons for my theory. For one, when the share price reaches above a cent, the shares will be in the hands of investors and not traders. Two, above a cent means more expensive to own per share which eliminates the small time day traders. My definition of small time day traders refer to traders dumping 500, 1000, or 2000 shares for sub 100th of a cent on a cent. Furthermore, once eliminating the small timers, deep pocket investors and traders will drive the share prices up to 7-10 cents. How do I know? It's in the historical data.

Sustaining Share Prices

Here is my theory to sustaining the share prices above a cent. Historical data shows WRIT to be highly volatile investment. It shot up to record highs, but retraces back down to record lows in matter of weeks. However, there are reasons why share prices doesn't hold. For one, investors do not have confidence in the management. Two, the company can't generate revenue. Three, the company can't fulfill its business goals. Base on these scenarios, Front Row Networks/Writers Group Film clearly shows they have an experience management team with credibility. They have generated revenue on video production projects and licensing. Soon, we will know about their accomplishments toward their business goals.