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Re: rickn23 post# 2346

Tuesday, 04/16/2019 6:50:36 PM

Tuesday, April 16, 2019 6:50:36 PM

Post# of 10271
Yeah. It’s confusing. I did assume 22M shares in my numbers, even though yes, we’re 10M shares outstanding currently.

Would expect them to raise necessary funds for operations and show production through dilution moving forward. Even if 12M more shares are brought to the market (unclear if that’s where this is going or IR hinted to non-dilutive financing) then that’s $24M+ cash, which should be more than enough to get them to profitability. $10M burn per year.

When I have time I’ll reach out to IR to ask clarity on rev numbers. Mike Porter has been fairly easy to get a hold of. I believe at this point Andy and GBI have some ticked shareholders and IR is doing all they can to be available to calm the natives.

Keep in mind CEO is single largest shareholder of GNUS. He doesn’t want to dilute himself either.

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