Correcting nonsense being posted on iHub by various "cup half empty because I'm too fed up to see the opportunity" people:
There is no need for the company to do a reverse split - plenty of companies at the very bottom of the OTC market with a similar share structure have been run up from no bid x .0001 to much higher levels - I have posted numerous examples here over the last 5 months.
The CEO has repeatedly stated that he would not do a reverse split until revenue streams had been established and there was an increase in share price so as not to damage long term shareholders - of course conspiracy theorists choose not to believe him.
The information regarding the attorney Russell C Weigel III making an unsolicited offer to purchase up to $50K's worth of $REDG is new in the Form 8-K just issued - and therefore a catalyst in the market from the open on Monday..
Although the first tranche of $10K was for Series Z Preferred Shares at .01, the options for up to an additional $40K can be exercised by the acquisition of common shares at .0001 - obviously a better deal at the moment.
The option must be exercised by December 31, 2016.
Extract from the Form 8-K:
"The purchaser received an option exercisable until December 31, 2016 to purchase an additional $40,000.00 worth of our Series Z Preferred shares or our common stock at the prices per share of $0.01 or $0.0001, respectively."
It may be the purchaser plans to exercise this option because he is aware of a likely company success in the future and that friends and colleagues might be responsible for some of the recent high volume buying over the last 2 days. This would be in addition to buying by whomever has been doing the serious loading [reported in a sticky here at least weekly] on a continual basis since July 1 - presumably for a run up at some point regardless of company actions or inaction.
Also, it should be noted that most of the negativity on iHub comes from those who are not successful traders and have shares purchased as high as .02+ over 4 years ago and / or did not have the foresight to load and / or trade shares during the previous availability of shares at .0001/.0002 November 2015 > April 2016 and the subsequent run to .0008, or the recent reloading opportunity from July 1, 2016 to present. They are blinkered with a "I'm going to sell my entire holding at my break even price" [which is probably in the high-.000xs for most - and we're only talking a handful of people anyway] or worse still "I'm going to sell my entire holding at .0001 to get something back". They do not understand or possess the requisite skill for analyzing trading potential from the bottom up and being immediately reactive in decision making based on information presented on their trading platform and the options available for making and / or amending trades [as evidenced by some of the comments made over the last several months].
Of course, it is far from certain how far $REDG will move up or when - again refer to sticky # 831 for the timescale it took for the last load / run cycle to be executed - but it is, in my opinion, more likely to happen than not and I've been buying shares accordingly.
The attraction of Investors Hangout is that the posting of deliberately misleading information, "scaremongering" and "trolling" is not allowed under the TOS. There will be no bashing on this board.
Stay tuned to Investors Hangout for timely updates on the daily trading action, social media sentiment summaries, and any official updates from the company.
There is no need for the company to do a reverse split - plenty of companies at the very bottom of the OTC market with a similar share structure have been run up from no bid x .0001 to much higher levels - I have posted numerous examples here over the last 5 months.
The CEO has repeatedly stated that he would not do a reverse split until revenue streams had been established and there was an increase in share price so as not to damage long term shareholders - of course conspiracy theorists choose not to believe him.
The information regarding the attorney Russell C Weigel III making an unsolicited offer to purchase up to $50K's worth of $REDG is new in the Form 8-K just issued - and therefore a catalyst in the market from the open on Monday..
Although the first tranche of $10K was for Series Z Preferred Shares at .01, the options for up to an additional $40K can be exercised by the acquisition of common shares at .0001 - obviously a better deal at the moment.
The option must be exercised by December 31, 2016.
Extract from the Form 8-K:
"The purchaser received an option exercisable until December 31, 2016 to purchase an additional $40,000.00 worth of our Series Z Preferred shares or our common stock at the prices per share of $0.01 or $0.0001, respectively."
It may be the purchaser plans to exercise this option because he is aware of a likely company success in the future and that friends and colleagues might be responsible for some of the recent high volume buying over the last 2 days. This would be in addition to buying by whomever has been doing the serious loading [reported in a sticky here at least weekly] on a continual basis since July 1 - presumably for a run up at some point regardless of company actions or inaction.
Also, it should be noted that most of the negativity on iHub comes from those who are not successful traders and have shares purchased as high as .02+ over 4 years ago and / or did not have the foresight to load and / or trade shares during the previous availability of shares at .0001/.0002 November 2015 > April 2016 and the subsequent run to .0008, or the recent reloading opportunity from July 1, 2016 to present. They are blinkered with a "I'm going to sell my entire holding at my break even price" [which is probably in the high-.000xs for most - and we're only talking a handful of people anyway] or worse still "I'm going to sell my entire holding at .0001 to get something back". They do not understand or possess the requisite skill for analyzing trading potential from the bottom up and being immediately reactive in decision making based on information presented on their trading platform and the options available for making and / or amending trades [as evidenced by some of the comments made over the last several months].
Of course, it is far from certain how far $REDG will move up or when - again refer to sticky # 831 for the timescale it took for the last load / run cycle to be executed - but it is, in my opinion, more likely to happen than not and I've been buying shares accordingly.
The attraction of Investors Hangout is that the posting of deliberately misleading information, "scaremongering" and "trolling" is not allowed under the TOS. There will be no bashing on this board.
Stay tuned to Investors Hangout for timely updates on the daily trading action, social media sentiment summaries, and any official updates from the company.
3
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.
