posted
1948, I agree 100%. I was saying to myself today...Self, why would the company release such positive (110% sub increase) and negative (delay in rollout) hours apart? IMO, hypothosis only: Here is the game plan: The new the rollout delay would cause heartburn so they released the performance news as an antacid. The delay is to improve the capacity to support the increase in subs (better for both companies). within 1 month we will see a new website (better customer satisfaction and appeal). Within 2 months we will see additional acquisitions to support expansion and additional advertising avenues mentioned (more good news). Once the infrastructure is in place we will see the CC deal finalized and start to see some real performance numbers come out. Additionally I think we will see some great results from the talk-n-stocks interviews which wiil only help to broaden the exposure of the company.
-------------------- Trust but verify!
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posted
I see no reason to freak out because they extended the pilot program. CC probably wants to see what kind of numbers are generated in the worst time of the year to be in the retail sales business. GZFX may need to slow things down a bit to get ready for substantial subs increases. Also at the end of Feb. the current CEO is retiring and Schoonover is taking over the reins. He was instrumental in the Best Buy/Netflix partnership when he was at BB. GZFX's overall business plan is still sound. There are many factors to consider. http://biz.yahoo.com/prnews/051219/nym053.html?.v=34
I see this as an opportunity rather than a negative. I added more shares today and will continue to do so as long as the price is down. Only wish I didn't have to be at work today. It would have been a GREAT flip to sell over .017 and then get back in!
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posted
This has been posted before but it may have been missed. The news about the amendment was not an issued PR, it was an autogenerated news item from Edgar.
So the fact that they both (or all of them) came out on the same day was not a planned event per se, it's just where the chips fell. I would still like to see a PR on the amendment so we can figure out the real (supposed) reason it was delayed.
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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quote:Originally posted by Mysticobra96: So, whats the best place to buy real time L2's from to use w/quote tracker? I don't see them listing too many good options.
posted
Here is my take on the news, good and bad. I like the fact that GZFX signed the agreement first, it makes me think there is a greater chance of it beaing their inititive, possibly to ready their end of the deal further to handle the influx. The part that has me concerned is that the new wording seems to favor CC a lot more strongly, which suggest that CC put them in a tough place. It is also possible that CC wants to see what subscriptions will be like in a non-holiday season.
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quote:Originally posted by kilerb: HOLY COW Iwearpro... Thanks... I just did and it looks awesome. How do you read this? I feel like I'm flyin a 747!
LoL I know,I did not know the settings at first and I just started playing with them. I put four screens one one and watch the time and sales,l2's,watch list and the ticker all on one screen. You can watch the taime and sales on as many as you want,but get to many and the screens starts flashing and scrolling a ton,kinda a cool,green red,green,red constantly (I like more green myself) yeah Its by far the best system ive ever found to use. good luck with them
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posted
I just love how optomistic all the ppl that bought in today are Still no one wants to talk about the GGI facts. We all know that GZFX had a deal w/GGI and if the share price dropped GGI would be able to sell the shares that GZFX owed them. The outstanding shares of 1.2 billion is going to be dwarfed by the number we will see in the next quarterly.
(g) Adjustable Conversion Price Feature of Debentures Could Require the Issuance of Greater Number of Shares.
The Company's obligation to issue shares upon conversion of the convertible debentures to Golden Gate Investors, Inc. (see Liquidity and Capital Resources, below) is essentially limitless. The following is an example of the amount of shares of GameZnFlix common stock that are issuable upon conversion of the convertible debentures (excluding accrued interest), based on market prices 25%, 50% and 75% below the market price as of November 10, 2005 of approximately $0.01:
Number % of % Below Price Per With Discount of Shares Outstanding Market Share at 18% Issuable Stock
25% $0.0075 $0.0060 2,735,000,000 73.90%
50% $0.0050 $0.0040 4,110,000,000 80.97%
75% $0.0025 $0.0020 8,235,000,000 89.50%
As illustrated, the number of shares of common stock issuable upon conversion of the convertible debentures will increase if the market price of the stock declines, which will cause dilution to the existing stockholders.
I really hope that everyone gives up on their dreams of getting rich off this stock. Trust me I felt the same way only a few weeks ago, but this stock is so done.
posted
just to add my humble opinion, i would think that CC would love to have an exclusive subscription agreement with a company with GZFXs plan. With other electronic stores having these things in place its efect on overall marketing can be big....i have noticed that CC stores are really getting heavy in movie and game sales...waht better way to sell games than a plan that allows you to check em out first. Both companies have an interest in this going smoothly...both gzfx for growth and CC for marketing and sales. Most especially with the xbox and ps3 games that will be hitting the market soon. One would be a fool not to be bullish on this stock. But just MHO
posted
just to add my humble opinion, i would think that CC would love to have an exclusive subscription agreement with a company with GZFXs plan. With other electronic stores having these things in place its efect on overall marketing can be big....i have noticed that CC stores are really getting heavy in movie and game sales...waht better way to sell games than a plan that allows you to check em out first. Both companies have an interest in this going smoothly...both gzfx for growth and CC for marketing and sales. Most especially with the xbox and ps3 games that will be hitting the market soon. One would be a fool not to be bullish on this stock. But just MHO
posted
Wow has anyone figured out the Pivot point, supports and resistances for tomorrow. They are crazy!
Pivot=.0117 Resistance=.0205 Support=.0025 Resistance 2=.0297 Support 2=-.0063
Our spread today according to bigcharts was .018 or over 85% Man if only we could have all flipped it huh! I still am (encouraging) people to wait on the sidelines and let the knife hit the bottom. If the MM's have their way with it like the last time their will be lots of false bottoms. WE AS BUYERS HAVE THE POWER RIGHT NOW! Be patient and let the prices come to us, cuz they will don't worry!
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posted
Hey Mystic, let's make a deal. If GZFX does not go below a penny tomorrow, you'll never post on here again? I mean we were at .0105 today and you said it's going to see new lows every day for the next couple days. Whatdya say? Shouldn't be a problem since you're so sure... I'm not even saying I don't think it will, I have no idea, but since you're so sure and all... Deal?
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posted
It's a deal. I promise to never post on here again if it doesn't go below .01
You may be sick of me preaching but its just because right now you don't want to hear the truth. I mean think about it honestly, lets say the value of the stock was .0130 which I still think is overvalued but Ill give you .0130. Everything over that for the past 2 days was due to shorts hoping to make money next week. We all know they will be gone for another 3 months. So, the price is .0112 only .0018 lower than the highest value it could possibly be at. Some ppl need to think like the sheep! Look it's not that I don't think this company still has potential just like you. But, last time it fell from .0256 I was like you thinking it's still a good stock it will come back. It fell over 60% for 6 straight days. Now why just sit and fall with it when you can get out miss half of the drop or so and buy back in at the bottom. I give credit to the longs on this stock, you have bigger balls than me. I just couldn't do it this time. Even dudunation got out who had like a few million shares he was playing long. Its just pointless to watch your money fall. I mean the only reason to buy this stock or stay in it is if you honestly believe it will be green tomorrow. There is no other reason for buying it, do you think it will be green or red tomorrow. If you think red you sell, green you buy. Does anyone really want to bet on green tomorrow???
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posted
My bet is it will be below $.01 by Tuesday, and that will be the bottom... Unless the Quarterly report is bad, but I don't think it will be. GZFX has probably been getting more money in from new subscriptions in the past 2 months that it has ever gotten. Thats why I gotta call those stores tomm to scout this one out and see how many new subscribers they are pulling in.
I am looking to jump in next week, after it has hit bottom. I am looking for a BIG gain that week because their Quarterly report should come out between next Wednesday and the Wednesday after that (It came out Jan 11th last year, and their last 10Q was on November 15th, so somewhere around then). And I am going out on a limb here, They are going to be in the Green!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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posted
If the price gets below .006 tomorrow I might think about buying, but I doubt it. I think it will hit a bottom sometime around next weds or thurs. I still doubt I will buy in b/c I think the quarterly is going to be awful. I think we are going to find out that GGI got to dump a bunch of shares on us. Yeah subs will be up, duh! But, expenses and debt will be through the roof. This company is still a long way from being profitable. I predict our o/s will be over 2 billion. You figure when they had 2 billion authorized there was over 1 billion outstanding. Now there is 4 billion auth. so I bet for 2 billion+ outstanding. Anyone know about after hours trading I heard on rb it was down another 30% after hrs. I couldn't find any proof though.
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posted
everyone that got in as as a short bought in at .014-.0175 because that's when the hype started. Most are out... The one's remaining you think will sell for a loss tomorrow? Enough to knock it down THAT low?
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posted
Yes, I do. Reasons: 1. Most ppl don't sit by the computer and watch the news every sec. They will have got home from work and said, "hey I lost $1000 lets not make it $2000" Again ppl are sheep, they are fearful and much are a lot less confident in this stock than most on this board.
2. It won't take many ppl selling to get this thing going down. Right now the only ppl buying really are MM's and they know its easy to get cheaper shares off a panic selling market. They don't want to pay .0105 for it when they know if they take their bids off there won't be many bids around till probably .008.
3. Our big drop last time went down 15% the first day, 17% the second day, and 16% the third day, then a combined 6% for 4th and 5th which were friday and monday, then down another 14% tuesday. REMINDER, this drop was because the stock was overbought, thats it! NOT horrible news like this!
4. Don't kid yourself by thinking most are out. This happened mid-day, let it digest for a few days and then you can say most are out. DOWN DOWN we go!!!
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posted
A lot of people won't sell because they don't want to lose money either. Most people don't think like you do. I know it's sometimes smart to get out of a stock after it drops, but a lot of people think "Wow, I can't lose that much in one day. I better hold this and hope it goes back up when the other news reports come out."
You say this is HORRIBLE NEWS... What is? That they extended the pilot program? I won't say it's good news, but horrible? Horrible would be them saying it failed and we're rejecting it. This is a delay... We've had a lot of down time between december's hype and January's. It settled at about .0120. Why won't it this time? Are there that many less shares being held now then between december and january? I don't think so. I guess we'll see tomorrow. Good luck to everyone and I hope no one loses anymore!
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posted
There is at least a percentage of people who hold until something hits dead bottom, then they may finally sell. We have some on this board who continue to hold, hoping one day it will come back, at least to break-even point.
-------------------- Well done is better than well said. Ben Franklin
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posted
When it comes to horrible, here is my personal take on the matter: news or no news, the fact that I made the mistake of buying in originally at .021 and the same day getting masacred just to hold on "hoping for it to come back so I don't lose money" then just as I am starting to see the light of breaking even, "BOOM", another masacre? All I have to say is that I have lost all faith and have decided to take my loss, "thousands" and make it up else where. Originally I was in for the long run, but, I'm sorry this kind of crap just doesn't sit well and I'm a little too pissed off at GNF to think about getting back in for quite a while, if ever. I sincerely hope for all of you that there aren't too many more investors out there that feel the same as I do. Good luck to all of you. I'm off to make some money with Wellstone Filters (WLSF) out of pennyland.
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GZFX: When Not-So-Bad News Turns Ugly Jan 05 2006 10:58:50 pm Market Analysis by Lonny Rosenfeld
11 AM, up 15%, 12PM, down 30%!? Talk about a change in the tide. So what happened on Thursday? In my article on Tuesday, I will admit, things were looking very bright. It appeared that the rally was in motion and shares of Gameznflix Inc (GZFX: OTC BB) were ready to once again test the all important $.02 resistance. This thought, however, can crashing down midday Thursday as shares turned sharply lower.
Shares Thursday morning opened higher as many expected and were further pushed by news that there was a 110% increase in paid members for the fourth quarter of 2005. While the exact number of members is not known at this point, this is still a pretty impressive achievement and would make one think that the promotion of Gameznflix in Circuit City stores (NYSE:CC) is going well.
Then things turn very ugly. More news comes out: "On December 28, 2005, the parties entered into an amendment to the Services Agreement (see Exhibit 10.2). Under this amendment, the parties agreed to extend the pilot program until March 15, 2006. Thereafter, if the parties mutually agree that a national rollout of this program is mutually beneficial, they will enter into a definitive agreement for such national rollout." News spreads especially fast on OTC stocks and this news caused widespread panic.
The panic was so great that shares turned significant early gains into very steep loses. Hundreds of millions of shares were dumped as many investors bailed out. Since the selling was so great and the amount of buying at this time was low, sellers had a very hard time getting out. Because of this investors kept lowering and lowering their sell prices. This hard sell off took shares down to just above the $.01 level, a very important psychological level for many.
While the sell off was widespread, was it really justified? This company just reported a net increase in paying users of 110% and while the news with Circuit City was not what most had hoped for, this does not mean it is bad news. It is bad news for the investor who was in hoping to make a quick buck, but for the long term investor who believes in this company, much has not changed. Investors will have to wait a bit longer to find out what will happen with Circuit City, but the mere fact that Circuit City has not backed out of this limited partnership is a very positive sign. Gameznflix is a small company and Circuit City had the option to pull out of this agreement at any time. The fact that Circuit City has chose to extend this agreement shows that Circuit City believes in the potential of a future partnership.
I know that many investors are likely very frustrated with Thursday’s action and have had their hopes crushed, but keep in mind, this is a OTC stock and everything is riding on Circuit City's response. Thursday's response by shareholders was a reaction to disappointment, not a reaction to bad news.
Prepare yourselves for a roller coaster ride; this one may not be for the weak at heart.
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posted
i haven't finished readin the posts yet but ****! Mysticobra shut up dude. You are wrong all over your posts.
"Our spread today according to bigcharts was .018 or over 85% Man if only we could have all flipped it huh!" How could you have flipped a falling stock? YOU CAN'T SHORT PENNIES.
Then, you state that its 30% more down in AH trading...you idiot theres no AH trading on this stock. Any trading you see after the bell is prolly just MM's setting some things up.
ALSO killerb please post your findings after calling all the pilot stores. I would love to hear it.
-------------------- If you do your 20's right, You are set for life.
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quote:Originally posted by CrashtehLine: i haven't finished readin the posts yet but ****! Mysticobra shut up dude. You are wrong all over your posts.
"Our spread today according to bigcharts was .018 or over 85% Man if only we could have all flipped it huh!" How could you have flipped a falling stock? YOU CAN'T SHORT PENNIES.
Then, you state that its 30% more down in AH trading...you idiot theres no AH trading on this stock. Any trading you see after the bell is prolly just MM's setting some things up.
ALSO killerb please post your findings after calling all the pilot stores. I would love to hear it.
CRASH, I am right with you on the people starting to bash, so they can try and get in at a lower price. Mystic, GO AWAY GZFX, did not do after market trading, if you want to bash, at least get your facts straight.
Have a great Army day.
-------------------- Army guy just trying to make a few bucks....
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