$REDG - Investor Sentiment Change > Very Positive.
Post# of 1674
Posted On: 03/06/2016 12:59:19 PM
$REDG - Investor Sentiment Change > Very Positive.
A significant change in investor sentiment was apparent yesterday (Saturday March 5) over on iHub and interest appears to be gathering momentum today.
This has come about through the realization that the POW Folio application to access digital comic content not only works but that it has many features not provided by others. It is now seen as a potential huge money spinner in it's own right rather than just a gimmick to tide the company over until the Giant Size ad-supported comics are launched in May.
Also, DD shows that DC and Marvel - major comic content producers - are both under remit to consider using all available mobile access applications to get their sales up as both companies almost went bankrupt in the past by trying to be "exclusive" through their own outlets.
For the past 4 months, comments on the iHub REDG board had degenerated - with the exception of reasoned, cautiously optimistic posts from one person - into a litany of personal attacks on the CEO and the company's lack of progress. I always held the view that the posts there were not representative of the current shareholder community who clearly don't post anywhere.
Yesterday, it became apparent that some of the most vociferous detractors were now supportive of the company and had taken a position in the stock again or were going to buy on the ask to start averaging down.
When 472M shares changed hands on February 16, as I have already mentioned in an earlier post, the majority did not go to retail investors. It is possible that one or more MMs did a deal to buy them off of a convertible debt seller.
Very few people have been able to get any .0001s on the bid - either on February 16 (when I think the bid was 170M) or since. I know that there are large AON bids (which are hidden) at .0001 in addition to the 320M>350M that has been showing over the last few days. The ask at .0002 does not indicate that people with .0001s want to sell at .0002 - most who had the confidence to buy at .0001 need to hold them to average down. The amount in GTCs overnight has been reducing (now less than 40M) as has the day sell orders total (now less than 80M).
I think we will see some of the people who have been bidding .0001 without success ever since February 16 start to hit the ask at .0002 during the course of next week - mainly those that need to get their average down to around .0010 from much higher levels. We will then see how the MMs let things play out.
REDG has already moved up the iHub Breakout Board from #38 at 0500 EST to #16 by 1200 EST.
So - interesting times ahead - anything could happen at any time.
$REDG
A significant change in investor sentiment was apparent yesterday (Saturday March 5) over on iHub and interest appears to be gathering momentum today.
This has come about through the realization that the POW Folio application to access digital comic content not only works but that it has many features not provided by others. It is now seen as a potential huge money spinner in it's own right rather than just a gimmick to tide the company over until the Giant Size ad-supported comics are launched in May.
Also, DD shows that DC and Marvel - major comic content producers - are both under remit to consider using all available mobile access applications to get their sales up as both companies almost went bankrupt in the past by trying to be "exclusive" through their own outlets.
For the past 4 months, comments on the iHub REDG board had degenerated - with the exception of reasoned, cautiously optimistic posts from one person - into a litany of personal attacks on the CEO and the company's lack of progress. I always held the view that the posts there were not representative of the current shareholder community who clearly don't post anywhere.
Yesterday, it became apparent that some of the most vociferous detractors were now supportive of the company and had taken a position in the stock again or were going to buy on the ask to start averaging down.
When 472M shares changed hands on February 16, as I have already mentioned in an earlier post, the majority did not go to retail investors. It is possible that one or more MMs did a deal to buy them off of a convertible debt seller.
Very few people have been able to get any .0001s on the bid - either on February 16 (when I think the bid was 170M) or since. I know that there are large AON bids (which are hidden) at .0001 in addition to the 320M>350M that has been showing over the last few days. The ask at .0002 does not indicate that people with .0001s want to sell at .0002 - most who had the confidence to buy at .0001 need to hold them to average down. The amount in GTCs overnight has been reducing (now less than 40M) as has the day sell orders total (now less than 80M).
I think we will see some of the people who have been bidding .0001 without success ever since February 16 start to hit the ask at .0002 during the course of next week - mainly those that need to get their average down to around .0010 from much higher levels. We will then see how the MMs let things play out.
REDG has already moved up the iHub Breakout Board from #38 at 0500 EST to #16 by 1200 EST.
So - interesting times ahead - anything could happen at any time.
$REDG
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(0)Red Giant Entertainment Inc. (REDG) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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