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It would seem these purchases are independent of the $2M company “buy back” which closes August 20th. Correct?
Great conf call and note from CH. This company in inning 1. Lots of upside potential.
Volume today almost 100K shares in first hour trading. Something brewing. $2M buyback likely in progress too.
New run began today. Deeper dive Alzheimer’s drug they’re developing is phenomenal. Early studies some patients seeing reversed effects.
Unbelievable.
News eminent in Q2. A few US orders and we rocket higher. GLTA
DK
We exited yesterday fully. Last remaining 40K shares. 2020 full year financials revealed too few Q4 revs for the 400+ SKUs apparently in marketplace. Huge disconnect. Very disappointing.
Been here seven years (first buy 2014) waiting for company to make good on shareholder letter “expectations”. And banked nearly 7 figures on Robinhood short squeeze a year ago. (Feel very fortunate about that) But no way this company worth 1/2 to 3/4 Billion $ today. Market cap and stock way ahead of itself with rev numbers like that.
Even with “deals” in making this will take a lot longer than most here are expecting. Stock price already has some sort of deal success baked in. Maybe $3.50 cap upside on actual specifics. Maybe. Sure there can always be another freak Robinhood run but short interest is nowhere near what it was at $.26 back in December of 2019. So highly unlikely.
Absolutely no buyout soon. Way too early.
Will continue to keep an eye and check in but there are other companies like ATOM and CLIR on brink of significant revenue inflection where proceeds grow multiples vs GNUS over next year or two.
Not saying GNUS won’t have its day but this 14 person company and its minuscule revenue is way overpriced at this stage of its development IMHO. Recall just over a year ago at $.26 and a fraction of shares outstanding it was a $20-30M company and market thought “fairly priced”. Today it’s $563M? What? Not that much has changed other than massive [MASSIVE] dilution and we’ve known about the Stan Lee relationship for years. Still don’t have details and admittedly whatever it is has value. But lawsuits around the acquisition and what exactly GBI gets and the massive development costs and time to revenue seems all far out there. Lots of variables. No clear path.
Also thought it strange Andy didn’t even hardly mention Llama Llama and the brand not on presentation deck but somehow SpacePOP was!? SpacePOP is a dead brand and has been for the last couple years. And you mentioned Mattel dropped Rainbow Ranger figurines?! Andy was touting Mattel as a huge deal 12 months ago. Huge! Now that’s dead too? What’s going on?
Too many things not passing the smell test. So we’re out. Still like the “content with purpose” mission but revenue traction just too disappointing after seven years of hyped expectations. GLTU. And thanks for all your DD Rick over the years.
Thanks Rick. Were revenues greater or less than you expected?
Q4 rev predictions?
What type of Q4 revenue numbers for CELH you expecting?
Like that wire. First time heard “zip code changer” and rings true.
We’ve built near 34K share position and if hits numbers (SP) calculated our lives change.
2 more JDAs expected in 2021. No 2 can hit at any time. And as many have pointed out in chip industry once big Tier one(s) adopt any new tech, others quickly follow. Highly competitive. MST technology is game changing and first JDA signing after two years of DD strong validation.
We’re in bottom of second inning ...
GLTU and all longs.
Hey Altitrade, nice to see this over $50. Now have my whole staff drinking Celsius over conventional sodas. See a lot more advertising and in a lot more stores.
Big growth. Congratulations!
How big a position you have?
Yeah. I’ll make my assessment as to what to do AFTER Q42020 numbers are reported in Q1. Will have been Holiday season product sales reveal and full few quarters of Kartoon Channel. Believe this marches higher into that call. Slowly. And erratically, but claws higher.
GLTA and Merry ?? Christmas
“pump and dump” Andy never sold any shares nor did insiders. So who benefited? Not the company.
We did. Sold last lot of 120K+ shares bought at $.26 for $10.24. Investors who have been following company for years and knew dilution benefitted. Coming via SEC filings. You saw it too.
Robinhooder day chasers not knowing what they owned caused the short squeeze “pump”. Now these bag holders are suing?
Lawsuit won’t go anywhere.
Andy does like to overhype however. He’s guilty of that. He’s been doing that to us longs for years ...
But that’s what “forward looking statements” leading into every conference call cover. Robinhooders likely never heard one company conference call.
Suit goes nowhere IMHO
GLTA longs (back in at $1.26 40K shares)
Thanks Rick
Congratulations Longboarder. That’s a huge win. We’ve found holding “thru thick and thin” is the hardest part. Your risk has turned to reward. Well done and Merry Christmas!
Class action for what reason or cause?
Hope you’re still a shareholder Altitrade.
This is significantly positive news.
More future growth
With all due respect why is anyone still in this stock? The company is a complete disaster and its stock completely worthless.
Beside the fact it’s so thinly traded so getting in or out is also a disaster.
Dumped this two years ago at a huge loss and today it’s 75% lower than when we dumped it.
Sad companies fraud shareholders like this one did.
There’s a lot less downside from here versus $11 $10 $9 ... $2 which was a no brainer for shorts.
That said we didn’t short it. Just not our investment style. But when this thing hit $10 and $5B market cap it was clearly WAY ahead of itself.
Short interest reduction expected at these prices.
Real action begins Q12021 after posting Q42020 holiday merchandise rev numbers. If good. If not this is an official turd.
Been saying this for months.
Until then it drifts lower or stays tight range bound around $1. No real catalysts otherwise. Fluff pieces irrelevant.
Need revenues to justify $200M current valuation.
Just like it was unjustified at $10. Heck it was unjustified at $3 but Robinhooders piled in an skyrocketed it.
Many thanks for an exit path.
Chart looking good. Curling north after consolidation.
Good time to buy.
GL all longs
Why is Lou B on the Board? That makes no sense. What value does someone like him add?? First Clearsign, then leaves. Now Endra.
Altitrade, you on the sidelines?
Does sound odd. Especially since last vote shareholders voted AGAINST an increase in share. Then GBI proceeded to dilute the common to death.
Why on earth would anyone want even MORE dilution?
Hey Rick, as a “former” shareholder who sold 85% of our position at a cost avg of roughly $7 we’re beginning to build that position back again right here. Agree (and have said repeatedly) GBI won’t show “meaningful revenue” until Holiday season Q42020. Maybe. Won’t know until March 2021 10Q as you note.
Maybe another catalyst promos a price move up between now and then but suspect we flounder between here and Schwarzenegger’s warrants/grant price of $1.39 until real evidence of revenue generation. It won’t be Q3 revs that move needle.
Bottom line Andy wants to sell the company (personally believe Disney offers) for a minimum $2B which is roughly $10/share within next 2-4 years.
Sure he could have (we all could have) gotten $11 a share for his stock just a few months ago, which is why $2B is the low end of company sale IMHO. But they need a real rev ramp to show value or develop some Stan Lee concepts to get Disney hungry to acquire. Disney wants Stan Lee’s vault for further Marvel profit. No doubt.
GBI now has plenty of cash to do so, so it’s a matter of time and gamble if Andy can pull this off. Make no mistake an investment in GBI is (and has always been) a gamble. We got lucky the stock got way ahead of itself at $11 (thank you clueless Robinhooders) But it makes investing more fun that way. Very high risk/reward.
We will get back to $10-$20 IMHO in time. 2-4 yrs.
GLTA
PS Lawsuits are BS. Ambulance chasers. Anyone doing their DD (like you) knew the Preffereds would convert and dilute the hack out of common shareholders. From roughly 20M to 200M shares in short order. Was no secret. Lawsuits won’t get anywhere but can hurt shareholders (May a) if company must waste $$ to defend
We got over $14K from a class action against RESN once. So it’s not always pennies.
But often is.
Hey Rick I had a girlfriend from Gilroy many years ago. Nice spot. Could smell the garlic sometimes.
Yeah. A blog is not an effective way to reach shareholders. C’mon guys.
“(Note: We will not see material revenues from these until Q4, and reported in Q1 2021)”
- Andy Heyward
I’ve been posting this for weeks and weeks while getting push back from this board. Now it’s confirmed.
Manage your expectations and invest accordingly
GL
Those rev numbers are GROSS. Not NET. GBI only gets a very small royalty rev number on wholesale cost of goods sold . Something like 10%
So for example if a RR doll sells for $10. Wholesale is $5. 10% on $5 is 50 cents. 50 cents on $10 retail product is 5% of GROSS sales.
Be careful of what management is saying.
Think short interest recently crashed due to fact lending rates have imploded. Less demand for shares.
At $2 downside much more limited than at $10.
Nope. We sold from $3 all thee way up to $10.72. Last sale 10,000 @ $10.72. Sold 85% of our 135,000 share position.
Held 20,0000 for sh*ts and giggles. Bought back some last week.
Rick. Sorry but this theory sounds pretty far reaching.
They now have no debt. $50M in the bank. It’s a company with less than 30 people so overhead is minimal.
Production costs for LL and RR S3 and SL SK are something but they have Alibaba as a partner and product SKU revenue and Channel revs ramping to offset burn.
Minus illegal moves don’t see how could or why company would want to de-value its own stock. Andy continues the PR machine. Wouldn’t do so if trying to “drive share price down”. Andy is the largest shareholder and wants out in a few years tops.
And why would they partner with Schwarzenegger at $1.35 a share then WANT the price at $.25?
Nonsense.
And whatever toxic warrant holders were at $.23 have sold are are long gone. Andy hand forced and debilitating lawsuit avoided. Hurt long term shareholders but behind us now. Move forward
Got it. But why would Andy want the share price to go back below $1? That makes zero sense.
We’ve got NASDAQ listing regs and Schwarzenegger has options at $1.35 or so. Both would be bad for GNUS at sub $1?
Not sure if your theory holds true and it was our assumption the added shares outstanding were incorporated into the market during these past weeks of crazy high volume trading. Very very easily absorbed. But more dumping than buying and hence slow bleed from $3 to $2
My suspicion is $1.35 to $2 range is the floor. They have all the money they need to do what they need. Zero financing overhang.
And while at $400M market cap we may feel overvalued, the Stan Lee vault must prove highly valuable to Disney (Stan wouldn’t sell it to Disney) and that fact alone might keep the share price bolstered. Until of course SKU revenue starts flowing and Ad revenue from the Channel.
Other GBI announcements may also help keep share price in this range.
We will see.
It’s no secret this is setting up for a Disney buyout. Andy wants to sell GBI eventually. He’s alluded to that for YEARS. His career is sun setting and why not go out on top?!
Disney WANTS what they couldn’t get before (more Stan Lee content to billionize) and they are flush with $$ to buy just about anything they want. $2B for GBI is too low. That’s less than $10 a share and we hit $11+ just a few weeks ago and NOBODY on the inside sold.
My prediction is GBI grows what they have the next 12-18 months and sells to Disney in either an all stock or stock and cash sale for $4B-$6B. All about Stan Lee (and SL SK) and Alibaba. Llama Llama and RR just icing on the cake.
All just my opinion of course after following this stock, being an investor and doing DD in GBI for six years.
When is Q2 earnings?
Hey Rick. Shares outstanding sit at 217M as we expected.
Are you talking about more shares “leaking” in addition to the 217M? Didn’t think so.
Wow. $.20? Nice! Love to hear winning stories like this.
How big is your current position if you don’t mind me asking?
No speculators huh? Not even Altitrade?
Dare not add WITHOUT knowing their future.
But I like their products ....