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Sunday, September 25, 2022

What Happened to Red Giant Entertainment Inc (OTCMKTS:REDG)

Red Giant Entertainment Inc (OTCMKTS:REDG) continues to trade lower on accelerating volume in recent weeks. However this one is still at the top of many investors watch lists as the stock has a history of big moves out of sub penny land.

Red Giant Entertainment Inc specializes in intellectual property (IP) development for multiple media platforms and trans media propagation. The cornerstone of this development is based around the more than three dozen online and print graphic novel properties in various stages of production as well as the cast of thousands of characters from those series. These properties have a readership that numbers in the millions globally.

Red Giant Entertainment Inc (OTCMKTS:REDG) might trade for way less than a penny but this little Company has some really big plans; they are launching a line of Giant-Size Comics, a print comic book line of free, ad-supported anthology titles set to debut next week. The company plans to circulate one million copies per week of each Giant-Size issue to comic book specialty shops and more mainstream stores. They plan to kick off with GIANT-SIZE ACTION #1, GIANT-SIZE FANTASY #1, GIANT-SIZE ADVENTURE #1, and GIANT-SIZE THRILLS #1. Each book contains two separate on-going stories, playing off its title moniker, and widening the net to attract new readers in the process.

Red Giant was founded by former Marvel Comics writer Benny R. Powell, who also served as the head marketing writer for Priceline.com in the company’s early days and his experience shows here; for the launch Mr. Powell has lined up absolutely spectacular distribution that includes Toys R Us and Diamond Comic Distributors, Inc.

Back in June REDG entered into a Promotion Agreement with Toys R Us for the distribution of their Giant-Size Line of Comics whereby Toys R Us will distribute REDG Giant-Size Comic books to customer purchasing other products at TRU’s Toys “R” Us and Babies “R” Us stores for free.

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Diamond Comic Distributors, Inc. is the largest comic book distributor in North America. They transport comic books from the publishers and supply them to the retailers. They dominate the US markets and have exclusive arrangements with most major U.S. comic book publishers, including DC Comics, Marvel Comics and many others.

Back in September REDG announced that preliminary orders from Diamond Comic Distributors total approximately 900,000 copies for each #1 issue of Red Giant’s GIANT-SIZE free line of ad-supported comic books.

According to recent press REDG plans to launch the first week of December, a month later than had been previously planned. “Requests for more time from advertisers and partners necessitated a slight delay while they prepare the mechanisms necessary to make our spectacular plans go off without a hitch,” explained Red Giant CEO Benny Powell. “GIANT-SIZE will be literally the biggest launch that the comic book medium has seen in decades.”

This means at least 9000,000 (but probably way more) GIANT-SIZE free line of ad-supported comic books going out every week starting next week. This could be EPIC and bring significant revenues to the Company.

Red Giant Entertainment has a lot more going on as a Company that the Comic book launch; they have produced numerous films and currently have several in post-production and many more in various different stages. REDG also has an important partnership with Bandai Namco Games America Inc. to create comic influenced video games. Bandai Namco is a powerhouse, they are the world’s 6th largest video game company and the maker of Pac Man.

Conclusion: REDG fell for the last few days of last week after the significant run up the stock made at the beginning of the week.

There is massive excitement about the Company’s coming launch of their GIANT-SIZE free line of ad-supported comic books. Sentiment is that revenues will be significant as the books appear in Toys R Us and the massive distribution by Diamond Comic Distributors. Nobody has forgotten the run this one made earlier this year and many investors are betting it can do it again.

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REDG is moving up and trading like a rock star in recent days; the stock is not giving back any of its gains and boasts a really excited shareholder base that swears this one goes higher. The excitement is that revenues will be significant as the books appear in Toys R Us and the massive distribution by Diamond Comic Distributors. REDG seems to be making all the right moves here and as we move into December it might be this one’s time to shine. We will be updating on REDG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with REDG.

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Disclosure: we hold no position in REDG either long or short and we have not been compensated for this article.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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