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Wednesday, April 15, 2020 12:20:53 PM
The $13.75 million in convertible debt came with warrants for 65 million shares. Fully diluted share count should be over 100 million shares. The conversion price (on the debt) has already dropped to a little over 25 cents (making the debt worth about 55 million shares). If, GNUS sells more shares at a lower price, the conversion price drops again. If the conversion price drops to the 10 cent level, they will need more authorized shares.
GNUS has lowered the conversion prices on warrants and preferred shares to elicit revenue, in the past. In part, this is what caused the share price to drop so far, last year.
So, history (and logic) says, what I said, is relevant to the increase in authorized shares.
I would never say: "When people haven't a clue as to what they are talking about they should just stay silent, but, they don't. They have a need to feel important and relevant", but, maybe, it applies sometimes.
Recent GNUS News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/21/2024 04:20:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 10:11:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 10:04:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 06:49:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 12:34:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 12:27:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/19/2024 09:29:58 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 04/19/2024 09:29:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/16/2024 05:00:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/16/2024 01:05:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/11/2024 09:15:56 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 04/10/2024 08:10:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/09/2024 07:35:12 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/09/2024 12:05:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/09/2024 12:00:57 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 04/05/2024 09:15:03 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/01/2024 09:02:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/23/2024 01:27:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/23/2024 01:24:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/23/2024 01:23:08 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:28:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 08:34:17 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/19/2024 09:30:21 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 01/19/2024 05:15:24 AM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/12/2024 09:50:35 PM
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