The posts on the iHub $REDG board from a handful o
Post# of 1674
The CEO has repeatedly stated over the last 2 years that he would not do a reverse split until a revenue stream has been established for a number of months. This revenue stream was originally to be from the Giant Size Line of ad supported comics - a project that did not proceed for valid business reasons that have been explained many times.
It is not by any means certain that the O/S will need to be increased to the A/S, or that the A/S will need to be increased, or even that any more convertible debt notes will be required.
The bashers are just trying to get shares at .0001 - either to exit at an averaged down point in the mid .000xs or to flip for a few ticks.
Before selling shares at a loss or even at .0001, shareholders might like to consider why institutions picked up 1.5B shares - many at non-retail prices - a few weeks ago; it wasn't to flip for 1-tick.
I know a number of serious traders in the OTC market who have well over 100M shares in $REDG - and some have over 200M - and will be keeping them until the revenues we believe will be forthcoming in the months ahead are evident and notified. Those who use advanced trading systems which allow selection of lots for trades do not have to average down to any particular point to make significant profits going forward over the coming years.
So contrary to the nonsense posted by bashers, no serious trader has to have an average at any particular figure in the .00xs or .000xs to make a serious profit overall over time. Clearly, the more .0001s>.0003s accumulated before any serious move the better as they have the potential to leverage huge multi 5-figure and 6-figure profits at relatively low pps.
Any significant new information that comes to light will be posted here as and when I spot it.
A number of stocks which have been at no bid for months - with dire predictions and CEO bashing from disenfranchised bashers who panicked and sold for a loss 12 months ago - are in the process of making a comeback right now.
One went from no bid to .0006 on about 100M>200M per .0001 in a matter of a few weeks - and that is just on out of the blue buying and subsequent reaction by others who watch scanners and Level 2 - there is still no news on any plans from that company (so I have sold for a worthwhile profit).
Another no bid stock - assumed to be beyond redemption - suddenly had a significant update from the CEO on Facebook which resulted in a 1300% increase in daily posts on iHub - with new / pro posters overwhelming the bashers - and propelled it to #1 on the iHub Breakout Board (which is of course only a reflection of the increase in daily posts).
So anything can happen at any time and nonsense posted by a handful of bashers won't influence the market when those holding the 1.5B shares at .0001 see their opportunity to run it up.
Red Giant Entertainment Inc. (REDG) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.