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Saturday, 02/04/2017 1:32:13 PM

Saturday, February 04, 2017 1:32:13 PM

Post# of 289
LOI for acquisition of Grom Holdings, Inc looks quite interesting to me, given the way VNDM is bidding though it looks like it's going to start out pretty high.

It's going to require more DD but the high pps might be worth it. One of their subsidiaries, Top Draw Animation, Inc has around 500 employees.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11785709

Grom Holdings, Inc. is a holding company, incorporated in Delaware in March 2015, that conducts all of its operations through its wholly owned subsidiaries, Grom Social, Inc. and TD Holdings Limited. Grom Social, Inc. is a Florida corporation, incorporated in March 2012, which operates a social media network for children. TD Holdings Limited, which Grom acquired in July 2016, is a Hong Kong corporation and the parent company of Top Draw Animation, Inc., a corporation formed and operating in Manila, Philippines, through which Grom operates an animation business.


Grom’s core business is its social media website for children, “Grom Social.” The Grom Social website is located at www.gromsocial.com. Grom Social currently has approximately 4.3 million users in over 200 countries and territories. A "user" is defined as any child between the ages of 5 and 16 who sign up for a Grom Social account. Each child must receive parental approval to gain full access to the Grom Social platform. Grom communicates with its database both actively, through email and a parent/guardian portal and passively, through messaging on the child’s profile page and through seventeen Grom characters.

Top Draw Animation produces digital animation and provides pre-production and production services to a variety of international producers. Top Draw Animation was established in 1999 by Wayne Dearing, who, along with Stella Dearing, continues to be responsible for its day to day operations. Eventually, it is Grom’s intention to utilize the animation expertise of Top Draw Animation to provide animated content to Grom Social.

In addition, on January 11, 2017, Grom acquired the assets of Norcross, Georgia based TeleMate.Net Software’s NetSpective Webfilter Division an entity that provides web filtering services to approximately 400 school districts which encompasses an estimated 2.0 million children from the ages from 5-17.


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