Genius Brands International Inc (GNUS)

[moneym8ker]

They would have done better if they would have issued some EOY guidance.

I looked over their 10Q.

In the Press Release issued yesterday ahead of the 10Q the CEO stated that they have a $100,000,000 cash “war chest”. Their balance sheet showed substantially less than that.

I know that after the quarter ended they did a $50,000,000 offering BUT they described in that offering that they were spending that money so it’s basically not there.
I think that the 8K clashes with the 10Q and previous offering statements.

It all makes it very hard to get behind this stock as an investment.
The only thing that makes this even a trade stock is the near zero debt compared to quarterly revenue.

If the debt keeps going higher and the revenue stays the same or drops this stock is a non starter at these prices and very likely to drop substantially.


They should have issued some guidance to offset the shocking drop in revenues.