Reeltime Rentals Stock Price, News & Analysis

ReelTime Media (OTC PINK:RLTR) has signed a Letter of Intent (LOI) with Bungalo Records Inc. and AMJ GLOBAL ENTERTAINMENT to create immersive VR experiences that promote events, artists, and products. This collaboration aims to leverage ReelTime's VR technology and production capabilities alongside Bungalo's extensive artist access. CEO Barry Henthorn emphasized the partnership's potential to enhance monetization, while Bungalo's President Paul Ring highlighted its significance in shaping industry trends. The partnership may open various project opportunities, strengthening both companies' positions in the entertainment market.

Reeltime Media (OTC PINK: RLTR) has signed a Letter of Intent with Bungalo Records and AMJ Global Entertainment to collaborate on creating immersive VR experiences that promote events, artists, and products. This partnership aims to leverage Reeltime's VR technology along with Bungalo's extensive artist access and AMJ's distribution capabilities. CEO Barry Henthorn highlighted the potential for enhancing monetization, while Bungalo's President Paul Ring emphasized the significance of setting industry trends through this collaboration.

ReelTime Media (OTC PINK:RLTR) is restructuring its convertible notes to minimize shareholder dilution by over 1.5 billion shares. CEO Barry Henthorn has agreed to modify the conversion terms, which involve paying off some notes and renegotiating others. These changes aim to improve the company's financial health and support its transition to a senior exchange like NASDAQ. The modifications will enforce strict conversion guidelines, ensuring that no holder exceeds 4.99% ownership during the reporting process. This initiative is intended to enhance shareholder value and clean up the balance sheet.

Reeltime Media (OTC PINK: RLTR) announced plans to significantly reduce share dilution from convertible notes. CEO Barry Henthorn will modify all personally controlled notes to higher conversion rates, potentially lessening dilution by over 1.5 billion shares. As the company complies with stringent reporting standards, the debt reduction initiative aims to clean up the share structure, facilitating a move to the NASDAQ. The restructuring has majority support from note holders, with commitments to pay off remaining debts and establish stricter conversion guidelines.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting a YTD revenue of $1,743,253 for the first half of 2021, a 707% rise from $246,507 in the same period last year. Q2 revenue also showed a robust growth, tripling to $427,509 compared to $124,347 in Q2 2020, marking a 343% increase. This surge is attributed to the easing of hospitality and travel restrictions, leading to a resurgence in advertising spending. The company expects continued growth as these trends persist.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting YTD revenues of $1,743,253, a staggering 707% rise from $246,507 in the same period last year. Q2 revenues also surged to $427,509, reflecting a 343% increase compared to Q2 2020. This growth is attributed to the easing of hospitality and travel restrictions, prompting a return of advertisers. The company continues to benefit from a technology licensing agreement with Barista's Munchie Magic. Management anticipates ongoing revenue growth as market conditions improve.

Baristas Coffee Company has appointed international supermodel and actress Front Montgomery as the spokesperson for its virtual Thai restaurant, Thai Dah. Montgomery, a recognized figure in the Thai-American community, aims to leverage her experience and connections to boost the restaurant's growth. Thai Dah focuses on delivering popular Thai dishes through delivery partners while employing a unique integrated tablet system for restaurant partners. The company has also expanded its technology agreement with ReelTime Media to enhance operational capabilities.

ReelTime Media has signed a global perpetual license agreement with Baristas for the 'Thai Dah' concept, enabling exclusive use of ReelTime's technology for virtual restaurants. Starting August 11, 2021, ReelTime will earn $0.35 per transaction indefinitely. Baristas has successfully launched over 50 'Munchie Magic' locations, leveraging delivery services like DoorDash. ReelTime is also advancing towards a NASDAQ listing, having met all necessary criteria and securing a new ticker symbol, NASDAQ:RT. The partnership is expected to bolster growth for both companies.

Baristas Coffee Company has announced the launch of a new virtual restaurant named Thai Dah, specializing in Thai cuisine. This initiative will utilize existing restaurant partners to deliver popular Thai dishes through platforms like Uber Eats and Grubhub. The company expanded its technology agreement with ReelTime Media, enabling Thai Dah to leverage advanced technology for operational efficiency. With a robust market of over 5,000 Thai restaurants in the U.S. generating $6 billion annually, Baristas aims for significant growth in the virtual dining sector.