Wednesday, July 01, 2020 12:38:04 PM
The company is fairly overvalued, even considering the $55 million in cash and zero debt.
Once the 59+ million shares (from debt conversion) are fully registered, there will be 217 million shares outstanding. At $2.25 per share, the market cap of GNUS is about $488 million.
The company had revenue of less than $6 million last year. Q1 2020 revenue was only $334,739.
Right now, there is nothing that says GNUS should be valued near half a billion dollars.
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