Financials.My happy view after a couple of BGs.
Not surprised,as expected lower loses, a bit more revenues from 3DGo, and the same steady influx of royalties with the corresponding projections of breaking even and big increase in percentages of growth from 3DGO,which will be very hard to achieve unless they improve Marketing and a better way to get Majors on board.
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In the third quarter, revenues from movie rentals amounted to $37,938, an important rise when compared to the previous two quarters of activity of the service ($18,228 in the second quarter and $8,469 in the first quarter). In the same period, the number of 3DGO! users climbed from 8,019 to 16,191, an increase of 102%. At third quarter end, there were 6,425 active users, up from 2,693 at the end of last quarter. In the third quarter, active users rented 6,583 paid titles, compared to 2,877 in the previous quarter.
The numbers are there but the final sip is that we made $64.000 in three quarters.
On the third quarter we have 6.425 active users that rented 6.583 movies.
That means they rented "one" movie per user "per quarter", and the $ 38.000 reflects $ 5.85 per movie.
At this rate we need to more than double per quarter to just pay Disney and Paramount,never mind the other Studios, and how will that work in the end if you don`t use them at all ?.
Lots of questions that should be asked tomorrow.
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PAN-3DGo launch,when ? it was by the end of the Fiscal year,they advanced it to April.
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The question of a Major or Majors coming on board is getting stale, what`s wrong ??, why after all are they not joining ??,it`s been years hering the same song.
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The money coming from the warrants amounts to 8.416.000 excercised ,I magine some of the ones or all from the gypsy trades were execised,just my thinking.
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Unless he is saving a home run there`s nothing to justify the orgy of trading we had, there`s nothing at all, so what happened ?, it was very timely of Beacon to come at the middle of March and did a fantastic job of, you know what, incredible with no news tha same old story, and then an interview on BN with someFund Manager that has no real clout as to manouvre anything at SIO recycling numbers from RG and the last AGM, that`s all it was.
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So here we are, another nothing Financial and by the looks another wasted CC, no news, our SP in the late 0.20s with no reason but ??.
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IMHO it looks like a scam well planned to get the warrants rolling and cashed, a good chunk or maybe all of them if they can continue this charade.
Sorry that`s why I see..
I don`t see any turn like you guys see,not in the very near future. Maybe I was wrong about the BOD or maybe they are working behind the curtain on something to bring some relief.
The numbers from 3DGo Vizio are pathetic giving the first class Library we have and the Major Studios involved,very pathetic.
So what does he promises now?.
PAN-3DGo to take some of the slack from Vizio decline in new 3D TVs and ramping up the rentals.
The perenial Major coming on board.
The security of money in the Bank.
Percentages and numbers that don`t really jive.
And faith and trust in him.
The same old Chapter on this long book.
Will a buyout eventually be better ?,how long before we crack China, we are only two years behind.
He will entertain a JV or a sale of 3DGo but not of the rest of SIO, and the list goes on.
That`s my take,nothing much changed to me, I`m to old for fairy tales, I`ll keep reading the book maybe we`ll get on to the next Chapter hopefully soon.
Cheers.