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You're posting Q3 2016 numbers as a reflection of how things are now in Q1 2017?
Thats brilliant and courageous of you.
Yes. CEO was crystal clear about how SpacePOP merchandise revenue would be recorded and why. Crystal.
Did you not listen to the investor call a while back when he discussed this specifically or do you just like to spout nonsense for the fun of it?
Because the tech is real. Only short sellers are trying to sell you a story the tech is fake to help their short positions.
News like this proves otherwise.
Of course it's not fake.
Patent. There's lots of ways to apply value to a company. Andy has said on a number of occasions the company has assets valued it its film deck/catalogue/library alone of $27M or so. And that was a year ago. Since then they've been rapidly adding content to the library. So value is expanding.
Then there's the channel. It has value. What value? Whatever someone is willing to pay for it. It's something and that something is growing.
Agreed it's been a slow rise and build and difficult to apply revenue projections even after Q4 numbers revealed.
CEO was very clear that SpacePOP merchandise revenue would be booked in Q1. Not Q4 2016. Should come as no surprise to shareholders. Clearly expected they are outspending what they are making making in near term as they develop Llama and Rainbow Rangers.
TV revenue and merchandise sales revenue wild card as offset to development costs. Very curious to see these numbers but wont get more clear picture until Q1 2017 numbers revealed.
Unless Andy pre-announces
Warren Buffet is a huge supporter of what Andy is doing. That alone speaks volumes to the DNA of the brand. And Andy has put some of the industry's best talent together for creating Llama Llama and Rainbow Warriors. Netflix vets their content and their exclusive deal together is a testament to the potential value of Llama Llama. Mattel is no slouch company for Rainbow Warriors either. Mattel have put their money where their mouths are in GBI as well. This is a positive testament to its potential.
Add to that wide and growing distribution of viewership on the channel of existing brands (and new) and we should begin to see meaningful revenue from that source very soon.
Agree SpacePOP seems underwhelming but (I'm not watching it thru an eight year old's eyes and) won't know truth until revenue numbers surface.
It's taken time to come to fruition but an inflection point for the company is eminent. Patience in near term required. What did Buffet say about patience in investing? And where did it get him?
Good luck
DK
Kber.
Seriously. Get out or shut up. You add no value to the discussion but complaining and BS.
Go see a therapist and work it out. Because your crap is tiring.
Shareholder Letter
Dear Genius Shareholders,
This morning we 8k’d a warrant exchange for the Genius Brands warrants that were issued in November of 2015. The largest warrant holder is a Registered Investment Advisor in Chicago and a fundamental long term investor with a five year time horizon. They approached us a few months ago with this concept and quite frankly we were not looking for additional capital. As you know, I am the largest common shareholder of the company and I always do what is in the best interest of shareholders. The proposal was reviewed carefully and discussed internally with our Board and outside advisors over the past few months.
Given all the recent successes we’ve had on the business side, management and the Board thought it was prudent to add cash to the balance sheet to demonstrate to our large partners (SONY, Netflix, Toys R Us, Comcast, and now Mattel), that Genius is properly capitalized to execute on the various opportunities in front of it. We believe that the modest amount of dilution was more than made up for by the additional $3.5 million of net proceeds received by the company. The company is amidst a rapid growth period and accumulation of valuable assets and the new cash will be used to fuel increased marketing and promotion of the upcoming brands and kids channel. Rest assured that management and the Board is focused on continually building shareholder value.
In our company that means creating great children’s properties and successfully building them in the marketplace. Secondly, it means growing our channel. As stated on the recent conference call, we believe that any one of our brands, as well as our channel, have the likelihood of becoming in and of itself, worth many multiples of the company’s current valuation.
To that end, we will continue to work hard to build shareholder value. We are thankful for the participation of our warrant holders who are some of the most loyal shareholders we have. Demonstrating their fundamental investment in GNUS, 100% of the warrant holders that were eligible for the exchange participated in the transaction. Moreover, every warrant holder agreed to sign a lock up and leak out agreement which illustrated that they have confidence not only in the direction of the company, but also the direction of stock price.
Sincerely,
Andy Heyward
Crystal clear.
Good luck all longs
It's the same crap hit piece from Copperfield "Research" recycled again on TheStreet. Information presented "according to a report from Copperfield Research."
Nothing news here. Same garbage released last month.
Kber. Nobody cares if you're underwater or not.
You made your investment decisions. Did you not?
Now own up to it or shut up.
Well said Elliot.
Listened to call. Worthwhile listening to recording.
RESN firing on all cylinders, finally.
Huge market they're trying to capture. Multi-billion. With the six customers and 26 products in development it's not a matter of "if" but when.
Very good news yesterday and it's only going to accelerate, the rate of good news coming out of RESN.
CEO Holmes also put $180K of his own money into more stock. If anyone knows about the massive company potential its management. Dig in. You'll find it too.
Good luck all longs
DK
Good summary Rick. I listened to the call of course.
Andy was much more tempered than previous calls. Dropped the "B" word (billion) a lot less than typical. I think word's gotten back to him that he sounds like boy crying wolf typically.
(Until of course it happens years from now ... a buyout in the low 10 figures.
They seem to be very, very excited about Rainbow Rangers. Apparently Mattel sees great promise in it as well.
Good news all around. Q4 report should be interesting. TV revenue MUST be developing into something substantive by now.
More patience required.
Looks like you made a terrible mistake betting against AQMS.
Johnson Control investment partner news is huge.
Hahaha. Fair enough.
I'll be sure to fill you in if you miss it and if there are any significant comments, i.e. revenue projections and so forth.
Love this by the way. Soccer huge in Hispanic households and carries positive message to kids. Great combination.
Good luck all longs. I'll be listening in with you tomorrow.
DK
Thank Rick. You plan to listen in?
Significant announcement today.
They're executing, 1M+ units shipped and meaningful revue will follow. Tune in to tomorrow's call for more details.
Good luck all longs
DK
Agreed Pgh.
Did you notice it's a blog on SA and not even a real "article" release? Highly suspect.
Weak and lame.
Longs on the right side of this trade.
Once more news leaks from Dialog and Lite-On (who are partners by the way) about components they're manufacturing for Apple as part of the wireless charging system, it's going to get real interesting.
Good luck all longs.
Patience thru the short attacks.
DK
I remember when it ran to $1.24 in a matter of days.
But that was a long time ago.
Agreed. Elliot how many shares you own? Just wondering.
But good news today.
Crap day. Glad I sold a small position at .74. But still would have preferred this be at $1.
Lame
Picked up another 50K shares. Will see if that was smart or stupid.
Time will tell.
Nice call Elliott. Let's see how the market reacts.
Good luck to you and all longs.
DK
To be clear I'm not saying ARTH is getting bought out. Simply that J&J shopped and bought. You only shop when you have money to spend.
J&J just offered a 5x multiplier for Actelion. $280/share for a stock that closed today at $67.
It's happening.
Frustrating for sure.
Reached out to PL today. They think it's a big seller pushing it down. And potential buyers hesitant in the midst of it. (Rightly so. It's alarming)
Said "absolutely nothing wrong with company".
But whole heartily agree we need meaningful revenue.
Period.
Then stock price should rebound (eventually) and better reflect true value of company. Film deck alone worth $28M+ thought what Andy said a few CCs ago. Market cap half that today at close.
Good luck all
DK
All this "good" news and stock continues to tank.
Frustrating
J&J just offered a 5x multiplier for Actelion. $280/share for a stock that closed today at $67.
It's happening.
Jh. Read the first paragraph in TheStreet.com article you forwarded. It's based solely on a "report from Copperfield Research"
Do a quick search and tell us who "Copperfield Research" is.
It was a hit piece. Copperfield are the same set of short clowns putting out hit pieces on Seeking Alpha. Unfortunately this same Copperfield hit piece was presented as "news" by SA, theStreet.com, and Forbes. So word and fear spread quickly. TheStreet.com and SA are easily manipulated. Surprised at Forbes but expect some clarification/retraction once they realize what they referenced as "news". Poor journalism.
Believe Oppenheimer downgrade simply coincidental.
Short sellers are smart. They had their day. But the truth will reveal itself in time.
Still hate to see shorts hurt shareholders for their own gain. Not right.
Good points.
Seems this might be step one of a Sony buyout. Especially since Andy has driven home the point many times that Sony is the only major media that lack his type of children's content. As well the point he wants to sell.
It fills a void in Sony's repertoire.
So Sony sinks $1.5M into GNUS stock at market rates. That's about an 8% holding of company ownership.
$1.5M is Christmas bonus money to Sony.
Seems to show commitment from Sony to GNUS but it's not a terribly big sacrifice (or risk) in terms of Sony.
Market seems lackluster about it.
Rick, is this "big news" to you?
Power. Don't think they will sell. They know they have a bigger story here and market potential than $1B (less than 3x current market cap)
Suspect only a ludicrous offer ($5B+) would entice company and shareholders to sell.
Hope is not an investment strategy 21.
Unfortunately
Apple Partnership
Not only does it bolster likelihood over distance charging comes to market but practically guarantees, and with firm deadline. 10th anniversary iPhone 8 will be released later this Fall.
Apple needs to hit it out of park.
Contact free wireless charging sets it apart from any other phone in world. 8 sales will be monumental.
More units sold = huge revenue boost for Energous and quick to profitability
"And the other catch, writes Kastrenakes, is that the delay is attributable to Energous having scored a large customer, who wanted to be first to market with the over-the-air charging. And it’s been speculated fairly heavily of late that the big customer is Apple (AAPL).
Kastrenakes doesn’t have too much conclusive to add on that score, although he quotes Rizzone telling him on the phone it’s “one of the largest consumer electronic companies on the world” and “I can virtually guarantee that you have products from this company on your person, sitting on your desk, or at home.""
Elliot. With all due respect there were only 1,016 shares trading (volume) today. Assuming you bought all 1,016 shares that's about a $65 trade, which makes absolutely no sense from a "seasoned" investor.
You've also mentioned (in previous posts) you're late 80s early 90s in age and somehow "sold" PRHL to current management years ago.
This is all not adding up.
As much as I'd like to believe your posts, something is amiss.
And the stock price has been flat at $.06 - $.07 for the past TWO years! While the broader market has exploded to the upside.
Care to explain yourself and bring transparency?
DK
Very weird trading today. Huge volume. 10x normal. Almost $1M traded hands.
Year end volatility? Anyone have insight? Or educated guess?
Nice article about LD Micro Conf by TheStreet.com
"Here are three more company write-ups culled from the plethora of one-on-ones I had at the LD Micro conference earlier this month.
...
The genius behind Genius Brands is Andy Heyward, who built much of Hanna-Barbera's classic cartoon library and other animated hits such as "Captain Planet" and "The Real Ghostbusters." The company' shows contain an educational bent and feature voice performers as diverse as Stan Lee and Warren Buffett.
I don't have kids so I am not that likely to see The Oracle preaching buy-and-hold on Saturday a.m., but what really intrigued me about Genius is the complete control of proprietary characters. Heyward rattled off a list of Genius content -- "SpacePOP," "Llama Llama," "Baby Genius," etc. -- and if any of these shows hit it big with the pre-teen set, he has the company completely prepared to capture licensing revenue from all manner of related consumer products.
That model seemed to work pretty well for George Lucas in the 70s, and while I am not predicting "Star Wars" from Genius Brands, I am very attracted to their educational-but-not-boring programming bent."
Nice to get a bit of recognition.
DK
I'll take it.
Andy has fiduciary responsibility to its shareholders and can't throw around terms like he has without consequences if they're not true or misrepresenting.
Very much looking forward to day this company finds its groove. Many irons in fire. Llama llama will be game changer IMHO. If SpacePOP becomes hit (which remain doubtful) then it's simply icing on cake. Rainbow Rangers sounds very enticing but revenue ways out. GBI building tiered revenue streams developing adding value and tremendous growth opportunity.
Good luck longs
DK