Remember when REDG went public, Benny was the sole employee. I think updates would require Benny stop whatever he is doing, get on the phone and contact the people actually working on the movies. Could he do it? Yes, he probably could, but probably won't. Maybe if enough investors started yelling at him he might do it, but not often. The people making "Last Blood" or "Wayward Sons" are putting more time and money into it then Benny. Think about it, any one of those movies are likely to cost more than REDG's market cap. He also doesn't want to irritate those people by asking for updates on something that is going to take a long time.
Movies can take two or more years to make. A script alone can take six months or more (that doesn't take into account rewrites). Casting can't take place until you have the script. And, at any time the whole process can grind to a halt for lots of reasons. Most movies don't get made.
I do agree, Benny could give us some update on Magika, especially a probable release date.
I'm guessing there were several problems with the giant-size comics and Benny had to change his plans, hence the longer time-line. I thought he would have problems getting enough advertisers. Comic books would not have an average price of $2.99 if they could get companies to pay for advertising. Being a new concept for comic books, it would be hard to get companies to jump on the band wagon. I also think that he originally intended to repackage previously made comics for the giant-size comics. That would have cut down on the work tremendously. Potential advertisers probably balked at it and wanted new stories.
If I seem less frustrated it's because I've lived through all this frustration on other penny stocks. I've traded Stan Lee's penny stock comic book (transmedia) company since December 2005. I still own shares. His company initially didn't file quarterly reports and didn't talk to investors. Large fractions of a year would go by without any word coming from the company. I have to say REDG does a better Investor Relations job than Stan Lee's company.
Maybe Benny will do a shareholder's state of the company letter.
Don't forget, that we are also in the tax loss selling season, especially for people that want to buy back into the company. A down stock like this will probably have people selling to take their tax loss and buy back in after a month. Or, buy now and sell (previously bought stock) in a month.
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