"Whereas, if the Pilot Program is deemed a success by both Parties, the Parties desire to expand the Pilot Program to the remaining Retail Locations (the "National Rollout")..."
---> "...on the terms contained herein or on other terms agreed to at that time." <---
Where does it say the national rollout begins "on or around Jan 15th"? Am I missing something here? An accompanying document or appendix?
quote:Originally posted by Numa:
quote:Originally posted by KNOw3: It never ceases to amaze me how many folks showed up on these boards (and elsewhere) posting that the CC national rollout announcement was "virtually certain", "imminent", "going to be announced in January for sure." Now this. Talk about making a fool of one's self!
Just a reminder to please think twice before posting, please. That way, others might still respect you.
Good luck to everyone. ***Anything*** could still happen.
-KNOw3
Here's the deal... When a supposed "on the level" fully reporting company posts a legally filed document stating the rollout will begin "On or around Jan. 15" there is no reason not to believe this will happen. When a big board company states "There will be an earnings call on June 5" there is almost always a earnings call on that date.
This isn't a non reporting pink and I think we deserve a reason for the extension. The very fact that the existing contract said NOTHING about the possibility of an extension past the Jan 15 date means they either amended the agreement on the fly or withheld these facts from the filing. Not cool either way.
I expect more from GZFX because I see them as a bona fide fully reporting company. It's time to act like one.
posted
Look Guys and Gals, lets remember, no one has their retirement resting on this stock, just money on the side which can be sacrificed in order to possibly make us very wealthy (At least that's the way it should be). Here is my opinion. Tomorrow is a great time to buy if you can hold for a few months. The stock is on sale right now, and it is about 30 percent off. Lots of people would buy an item at a store with those types of discounts, and why not do the same in this situation. If you believe in the concept, and can somewhat predict the future financials, it is easy to see that this thing could either go broke, or make us a fortune. I'm hedging on the 2nd option. But it is so important, only invest what you can afford to lose, because companies go broke every day. Thats my oppinon, and it;s probably worth what it cost you. Good luck everyone!!!!!!
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"Whereas, if the Pilot Program is deemed a success by both Parties, the Parties desire to expand the Pilot Program to the remaining Retail Locations (the "National Rollout")..."
---> "...on the terms contained herein or on other terms agreed to at that time." <---
Where does it say the national rollout begins "on or around Jan 15th"? Am I missing something here? An accompanying document or appendix?
No, in the original filing (before this amendment) it stated on or around Jan 15th, if it was deemed successful by both parties.
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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posted
IMO, the fact that GZFX signed this 6 days before the CC head did is proof that GZFX extended the rollout by 60 days from the original aggreement and not CC. AS JF stated in all his interviews, he didn't want to grow GZFX faster than they are able to meet demand. They haven't added any distribution centers yet and demand is exceeding supply and rolling out CC will only make that worse. Yes indeed, GZFX is growing faster than they can handle the demand and had to pull the reigns in for a little longer so they can catch up. So, that's my 1.2 million shares worth, a big hit today because of the shock, but is too much business in the long run such a bad thing?
-------------------- I may be wrong, but I don't think so....
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quote:Originally posted by iwearpro: Keep in mind they never made a press release yet? They may have a perfectly good explination for the extension,It may have been GZFX as explained already. They have mentioned that they dont want the sub counts to get out of hand and now they say they have increased 110%,I dont blame them for the delay of the roll out.....IMHO
As an investor in the GZFX company, it seems to me that they (GZFX) could have given a reason for the extension. If this company is a professional company then the company needs to step up to the plate and keep its shareholders informed. I am a long-term investor, but do not appreciate their methods of information to its shareholders. I hope they have a legitmate reason for the extension. I just can't wait to find out why?
GZFX, I hope you are reading this. I can handle a legitmate reason for the extension, but be professional let your shareholders know why you are doing something. Thank You.
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imakmony2005
unregistered
posted
ABIRDSOFIRE, READ THE POST ABOVE YOU.LOL
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I cannot find any such language in any document. What is stated emphatically is that they "expect", "anticipate", or "hope" to end the 1st pilot on/about Jan 15th. Quote the exact language, document, and date, and I'll yield your point.
My only point is that a lot of bad info floats around these forums. Got to filter what others say because it is frequently WRONG! And yes, I am only very slightly surprised by the extension of the pilot program. I never, not even once, considered it "bagged."
Good luck in 2006. Hope we all make a bundle.
-KNOw3
quote:Originally posted by Numa: No, in the original filing (before this amendment) it stated on or around Jan 15th, if it was deemed successful by both parties.
posted
[/QUOTE]As an investor in the GZFX company, it seems to me that they (GZFX) could have given a reason for the extension. If this company is a professional company then the company needs to step up to the plate and keep its shareholders informed. I am a long-term investor, but do not appreciate their methods of information to its shareholders. I hope they have a legitmate reason for the extension. I just can't wait to find out why?
GZFX, I hope you are reading this. I can handle a legitmate reason for the extension, but be professional let your shareholders know why you are doing something. Thank You. [/QB][/QUOTE]
quote:Originally posted by KNOw3: We must agree to disagree, then.
I cannot find any such language in any document. What is stated emphatically is that they "expect", "anticipate", or "hope" to end the 1st pilot on/about Jan 15th. Quote the exact language, document, and date, and I'll yield your point.
My only point is that a lot of bad info floats around these forums. Got to filter what others say because it is frequently WRONG! And yes, I am only very slightly surprised by the extension of the pilot program. I never, not even once, considered it "bagged."
Good luck in 2006. Hope we all make a bundle.
-KNOw3
quote:Originally posted by Numa: No, in the original filing (before this amendment) it stated on or around Jan 15th, if it was deemed successful by both parties.
well, it's in there, you must be blind.
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posted
I still don't understand what was so ridiculously bad that made this drop so much today? I'm still planning on buying it soon...the business model is good... And I really like that they plan on redesigning that website...
-------------------- Remember two things: You love New York City and leave only your footprints.
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quote:Originally posted by KNOw3: We must agree to disagree, then.
I cannot find any such language in any document. What is stated emphatically is that they "expect", "anticipate", or "hope" to end the 1st pilot on/about Jan 15th. Quote the exact language, document, and date, and I'll yield your point.
My only point is that a lot of bad info floats around these forums. Got to filter what others say because it is frequently WRONG! And yes, I am only very slightly surprised by the extension of the pilot program. I never, not even once, considered it "bagged."
Good luck in 2006. Hope we all make a bundle.
-KNOw3
quote:Originally posted by Numa: No, in the original filing (before this amendment) it stated on or around Jan 15th, if it was deemed successful by both parties.
quote:
3. Term of the Pilot Program. It is the intentions of the Parties that the Pilot Program shall commence on or about November 1, 2005, extend through the holiday season, and terminate on or about January 15, 2006. Thereafter, unless 30 days notice is given to the contrary, the national program will commence under the same terms and conditions contained herein and will be implemented on a phased−in basis over the following 12 months in all of the Retail Stores. It is anticipated that approximately 55 Circuit City stores, per month, will be added on the national rollout portion of the Agreement.
As for the wording, "intentions" is the only word that allows for wiggle room, but I think we all know what they meant.
I still think we have a good chance here, especially after seeing the signature dates, but I don't like these sudden changes. I expect that from a pink, not here.
Good luck all!
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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posted
Maybe so, redmarsape, maybe so. You know, CC and GZFX probably didn't understand their contract as well as you clearly do. After all, you even provide a reference for the well-informed response you provide below.
Try to sound smarter, okay?
quote:Originally posted by redmarsape: well, it's in there, you must be blind.
quote:Originally posted by KNOw3: Maybe so, redmarsape, maybe so. You know, CC and GZFX probably didn't understand their contract as well as you clearly do. After all, you even provide a reference for the well-informed response you provide below.
Try to sound smarter, okay?
quote:Originally posted by redmarsape: well, it's in there, you must be blind.
yeah, ill work real hard on that.. just for you. thanks for the tip!
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posted
I just posted this on another forum (under $peculator) and want to share it here.
It is absolutely amazing to me how quick people are to sell on news like this, although at the same time highly believable.
Lets look at what we know: -The CEO said in the online interview that they were not going to allow this company's subscriber base grow too large to where they cannot adequately supply subscriber needs -We know that subscriptions grew 110% in fourth quarter -We know that both parties have pushed the national roll out to march
Based purely on this factual information it is very plausible that the subscription increases where far greater than expected, and therefore Gameznflix would not be able to handle the inevitable increase in subscribers from a national roll out. This explains why they would push the roll out back a few months so they have time to increase inventory to meet current and future demands.
Tell me if I am wrong, but isn't this POSITIVE news?
The company is showing it has the discipline to keep their game plan and resist greed. A rollout the 16th of January would have brought the $$$ short term, but in the long run it would damage the companies reputation as its level of service would really drop. Please give me some feedback on my theory, and set me straight if I am wrong.
One more thing, the 110% subscription growth, it's no coincidence that growth occured during the pilot program. That means 110% revenue growth, which is HUGE. In my opinion the national roll out looks more ready than ever.
-------------------- "The only thing I know is that I know nothing at all" -Socrates
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It says the pilot program runs until 1/15 (now changed) And after that the rollout will commence unless 30 days notice is given.
"3. Term of the Pilot Program. It is the intentions of the Parties that the Pilot Program shall commence on or about November 1, 2005, extend through the holiday season, and terminate on or about January 15, 2006. Thereafter, unless 30 days notice is given to the contrary, the national program will commence under the same terms and conditions contained herein and will be implemented on a phased-in basis over the following 12 months in all of the Retail Stores. It is anticipated that approximately 55 Circuit City stores, per month, will be added on the national rollout portion of the Agreement.
"
-------------------- I just want to make enough money to be eccentric.
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posted
Thank you, HossTrader and Numa! Excellent research, indeed.
I read this, also, but did not interpret it as others did. In fact I felt it was deliberately vague so that both parties could regroup after the trial period: use of "thereafter", "on or about", and the governing paragraph under Recitals section "...on the terms contained herein or on other terms agreed to at that time..."
Good night, and good luck! -KNOw3
quote:Originally posted by HossTrader: Here it is from their 8-K filed on 10/6
It says the pilot program runs until 1/15 (now changed) And after that the rollout will commence unless 30 days notice is given.
"3. Term of the Pilot Program. It is the intentions of the Parties that the Pilot Program shall commence on or about November 1, 2005, extend through the holiday season, and terminate on or about January 15, 2006. Thereafter, unless 30 days notice is given to the contrary, the national program will commence under the same terms and conditions contained herein and will be implemented on a phased-in basis over the following 12 months in all of the Retail Stores. It is anticipated that approximately 55 Circuit City stores, per month, will be added on the national rollout portion of the Agreement.
quote:Originally posted by wb1948: I just posted this on another forum (under $peculator) and want to share it here.
It is absolutely amazing to me how quick people are to sell on news like this, although at the same time highly believable.
Lets look at what we know: -The CEO said in the online interview that they were not going to allow this company's subscriber base grow too large to where they cannot adequately supply subscriber needs -We know that subscriptions grew 110% in fourth quarter -We know that both parties have pushed the national roll out to march
Based purely on this factual information it is very plausible that the subscription increases where far greater than expected, and therefore Gameznflix would not be able to handle the inevitable increase in subscribers from a national roll out. This explains why they would push the roll out back a few months so they have time to increase inventory to meet current and future demands.
Tell me if I am wrong, but isn't this POSITIVE news?
The company is showing it has the discipline to keep their game plan and resist greed. A rollout the 16th of January would have brought the $$$ short term, but in the long run it would damage the companies reputation as its level of service would really drop. Please give me some feedback on my theory, and set me straight if I am wrong.
One more thing, the 110% subscription growth, it's no coincidence that growth occured during the pilot program. That means 110% revenue growth, which is HUGE. In my opinion the national roll out looks more ready than ever.
Long term it's postive news, short term it isn't. We were 1 week away from getting a 600 store rollout (for 1 year) and now we have to wait to see if we even get it.
If a drug company had to get an FDA extension on their drug approval the same thing would happen. It didn't meet the expectations of the shareholders that were set BY THE COMPANY. Therefore, the price dropped as confidence was lost.
Honestly, I have serious reservations on this stock. While I think that every point you made has merit, nobody really knows what is happening. I'll be the first to admit that I've been burned hardcore by pink companies making promises and not following through and this (whether it is or isn't) FEELS a lot like that.
It's raising red flags for me and I'm not diggin it. Regardless, I'm in and ready to see what happens.
I am hopeful, though.
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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posted
I see it as great news is coming. If CC didnt like being with GZFX, then they wouldnt even want another 90 days, they would of kicked there azz out.
My crystal ball says, GZFX will be partners with another company VERY SOON. Holding for the long haul.
-------------------- Army guy just trying to make a few bucks....
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