GNUS likely getting a bump to regain compliance over the $1 minimum share price. Today was Day 5 of 10 needed to regain compliance.
A couple of potential catalysts...
In a shareholder letter issued earlier in the year, management hinted at a possibly share buyback. I don't see that that was ever formally filed for.
Last fall, they announced the acquisition of WOW. I don't believe that has ever officially closed.
I know GNUS and it has been a good trader...but the CEO is corrupt as f#@$ in my opinion. And, they (the company) don't make money. If you look at their PR's, the big ones are all related to WOW...and again, I don't believe that deal has closed.
CIDM is my long pick in the list of small streamers. Nobody is sure of them because they target enthusiasts, or as I say it..."they go after the weird shit". It's only weird to me because I don't get excited about Bob Ross, Elvis, Soccer, Horror films, etc, etc, etc. They don't have the cash GNUS has, but they have been break even or profitable for the last several quarters, and are essentially debt free. And their management team just renegotiated an acquisition that makes them the largest streamer by content...the new terms were at a 28% discount of the previously disclosed purchase price of $22M. Booming! PS - I'm long in this one.
