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Re: The Stock Reader post# 9768

Thursday, 02/11/2021 8:59:06 AM

Thursday, February 11, 2021 8:59:06 AM

Post# of 10271
The warrant conversion process was started over a week ago. It's known information. The beneficial ownership info shouldn't really affect the share price. It's board members exercising warrants and/or stock options.

The main effect occurred when the filing for the warrant conversion and registration for sale of the stock was filed (and made public) back on 2/2/2021. It stopped the rally cold. The share price backed down from $3.

39+ million new shares is dilution for existing shareholders. The prospect of another 39+ million shares from the newly given warrants is dilution-in-waiting.

Shareholders need to be careful. GNUS is getting close to obligating shares close to their authorized stock limit (400 million shares). GNUS will probably ask shareholders to vote for another increase in the authorized share limit.
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