OFW,
Don't feel bad...you weren't the only one selling!
Donster, I am afraid I have to disagree with you again. The momentum players never got in today. Like OFW, I was selling all afternoon. Unfortunately, not all of my shares got sold. All those small sales you think you saw, were really larger orders which the MMs kept breaking up into smaller buys.
Whether I submitted a 10,000 or 25,000, or 40,000 share sell, they only filled 5000 of it. I continued to submit smaller orders so they would not drop the bid all at once. That's the only way to sell large amounts of BB stocks.
I suspect there were other long termers selling also. Lots of people bought the last couple of months expecting the big distribution deal news, and were left will nothing but a loss. As soon as the price went up, people were selling to break even. I think that people have lost confidence in the company and will continue to sell on any upward movement to recover their investment.
OFW, I also agree that Reynolds continues to act in a manner that can disillusion shareholders. It makes no sense for a part time CEO to provide a private loan to the company. Even if legal, it leaves open lots of negative possibilities. What are the terms of the loan? What period of time? What interest rate?
The biggest question is how much did it cost to obtain 40% and why was movieplace.com so willing to sell 40%. What kind of revenues have they been having and what can NSKY expect to receive in revenues. Of course, since the news release didn't bother to mention revenues, only losses, I doubt NSKY has any revenues at all. The unwillingness to spend money for a proper PR confirms to me that suspicion. Based on the huge number of outstanding common shares (193,736,000), it will take a tremendous revenue gain from movieplace.com to raise the share value even a little.
As far as speculating about future plans for movieplace.com, ask yourself who is going to do the planning and the work. The only person doing anything in NSKY is a part time CEO. Are there any other NSKY employees working at all? What could a part time CEO bring to the website to add so much new value?
Another concern again has to do with the way Reynolds seems to think Donster is the only shareholder he has to communicate with. Others have posted that their emails to NSKY went unanswered and Colleen would get to them as soon as she could. However, Donster sends an email asking about the financing for this 40% purchase, and is answered immediately. Makes you wonder, doesn't it.
My last comment is in regard to everyone's hopes for acceptance of Freaks into SFF. There was a spammer very recently posting on the RB thread I believe, about another small film company that had a film accepted into some other film festival. I watched the share price of that company, and if NSKY performs likewise, you will not see much change in shareprice.
Since I only have a small amount of shares left, I will not bother to follow this stock anymore. I wish everyone well with their investments, but it seems so many of you are in love with this stock, think you are in a social club here, and are perhaps not viewing the company and it's actions with a critical eye. I hope you aren't disappointed in the future.
Good Luck
Judith |
