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rickn23

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rickn23

Re: sand post# 110

Thursday, 10/28/2021 9:27:34 AM

Thursday, October 28, 2021 9:27:34 AM

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Short answer, yes, it could do that.

But, I doubt GNUS will go like that again. They have a lot more shares outstanding and more of the people buying shares are doing it for a quick trade.

Monday GNUS announced a conference call for Wednesday and GNUS's share price went from $1.30 to over $2. The selloff started before the news came out. Maybe a longer time period between the announcement and conference call could allow the stock to run higher.

I think GNUS would only run on news that leads to the company being profitable, in a reasonable short time period. I believe GNUS is on track for an operating loss of $15-$20 million for 2021. WOW won't be wiping that out.

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