Family Room was out with an update on their production schedule this Friday after the close. I haven’t written about FMLY since early in January when they announced the upcoming movie with Travolta, which we now know begins filming in about one month. In addition, Friday’s news discloses James Gandolfini of Sopranos fame will costar in the film.
After the Travolta film, they begin another Segal film in April, and a third film in July starring last night’s Oscar winner Morgan Freeman.
Missing from the update was the current status of Edison, which will mark Justin Timberlake’s film debut. FMLY shot of bunch of new high action scenes for the film, and it is now tenatively scheduled for release in the Fall.
Also, currently in post production are
The company is now in post production on five movies, and has production starting on three more.
88 Minutes, the Al Pacino movie which was scheduled to begin filming in January, has been delayed. I am informed it will still go forward at some point in the future.
In addition, FMLY is working on a number of other new projects of a larger scope than those listed above. We could learn about a number of them in the near future.
Why this stock trades so poorly and with such little volume is a complete mystery to me. They have more going on than any 10 small independent film producers, are unable to garner any interest in their stock.
There isn’t really anything to say about the chart. The stock has traded between $.06 and $.09 for months, and currently isn’t showing any desire to break out of that range.
It’s a source of great frustration for me and many who are reading this. The company is achieving greatness, but the stock is going nowhere. I have often thought of dropping it, but then look at the slate of projects they have in the pipeline. Conclusion- Perhaps the faith of long suffering shareholders will be rewarded some day. If they keep moving forward like this, it seems inevitable.
Morgan Freeman is in Edison as well.
Editor: Quite true, and he just won the Oscar.
i appreciate your update and in my humble opinion i think it all gets to credibility of the company… as once again we see that they were not profitable for the quarter …2 they have issued a tremendous amount of stock and it takes time to gobble all that up as it comes to market. This all can be frustrating to the investor because today we live in a world that expects results with the click of the mouse. If we can believe all that is in the pipeline one would be taking a share of profits in other investments and just be accummulating and then when everyone else realizes they want it that will be the time for those of us to unload and profit from the long and patience investment we made when belief was lacking……
Editor: On the plus side, the company has a number of major upside projects on the drawing board and going into production. On the minus side are all the issues you bring up. I don’t know which side will eventually win.
Five years ago, I was tracking a similar otcbb stock called Lions Gate Filming. At the time, it was selling for about .10. I chose not to purchase it only to find out that it now lists on the nyse and has had numerous successful films. I can only hope Family Room will follow in LGF’s footsteps.
Editor: My hope as well. I guess time will tell.
Even though OTC Journal and three other small cap newsletters are following FMLY I find it strange also that the price is not in the .10 to .20 range. I believe until “Edison” comes out this stock will trade in a narrow range. If the company was smart they would get this movie in the theaters ASAP and market the film saying with Oscar winners Kevin Spacey (Suspects) and Oscar winner Morgan Freeman and play up Justin Timberlake to the 12 to 19 age group. I believe this movie needs to be well received by the critics and do good finanically to move the price up and then the other movies will then become gravy on the train so to speak. I hope you do not drop FMLY. Sometimes you just have to wait it out to see what direction a stock will go. I did this with Cooper Co. ( COO) in 1993. By 1998 it went from .37 a share to $51.00 a share. I built a beautiful house with the profit.
Editor: The failure of the stock price to move up has been an ongoing source of frustration. Edison it tenatively scheduled for release in the fall. Perhaps, between now and then, some of their pending new projects could put some life into this stock.
I got involved with MEMI a few years ago and lost my underwear after my shirt. The annoucments and potential ofMEMI at that time Yseem to paralell the current state. of afairs with FMLY. I don’t know if I can trust another micro entertainment issue.
Editor: This is why I have the comment section- so people have the opportunity to share their experience in this arena. I hope everyone reads your comment. Thank you for the contribution.
The longterm chart shows the stock to be a casualty of premature success. Five years ago, FMLY sold for .85 until it tumbled in a few weeks to .45. Then it traded between $1.05 and $3.25 for the greater part of 2000, peaking mid-2001 at $1.55. Finally, it settled at .47 late 2002 before descending to its depths by early 2003 with occasional spurts to the low teens. Can’t get any lower than .06? I wouldn’t bet on it.
Editor: Nor would I. Of course it can go lower.
IMHO the numbers of shares is the biggest problem: Market cap increase permantly only by this tremendious production of shares. No longterm holder can be interested in 1% purchase of a stock while he has to watch his purchase decreases to 0.5 % and less within just some months. Additional…..those millions of new shares are permanently thrown into the market if the price only touches 0.08. So, how shall a ‘small’ shareholder ever trust in this stock?!
Editor: I don’t know where you derive the $.08 thrown into the market comment. However, you have summarized the technical problem with this situation perfectly. On the fundamental side the company is doing great- hence the challenge figuring this one out.
Whats with the 2 large volume days this week?
Editor: I simply don’t know- maybe someone is stepping up.