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Originally Posted by crockett
There is no real reason for it to go up right now.. It's going to continue to trade sideways with ups and downs while the MM's play their games.. Just like any other penny stock. If you're smart you don't hold these kinds of stocks, rather you play the game with the MM's and take quick profits when they come.
It will start moving once we get the confirm that it's going nation wide with the CC deal. That news could come out any day now, but most likely won't be released until sometime after Jan 15th as that is the roll out date.
griffin the more people that find out they can get both games and DVD's for a subscription price lower than Netflix's. Means more and more subscribers for Gameznflix.. only way they will go away is if netflix buys them out..  |
lets say everything goes the way they planned, last quarter they spent 1 million dollars to generate 100k in sales. the stock is valued at LESS than a penny. every quarter they lose money, and simply issue more stock (diluting your ownership), just so they have cash to run their daily operating activities. they have no cash, how do you anything without having cash? this company will be out of business in no time. because of your recommendation on this bullshit stock, my buddy lost close to $5k on it, seriously. i wish he would've told me about it before he bought stock, i would have never let him go into it.
these penny stocks are a joke, if you want to double your money quickly, go to vegas, put all the money on red or black, and you will seriously have a higher probability of success.