Replies to post #825 on Genius Brands International Inc (GNUS)

[rickn23]

I was trying to avoid overselling GNUS, since I don't currently have shares. But, yeah, there is demand for kid's and tween programming. I had my doubts, until, "Sesame Street" moved to HBO. That showed that people are willing to pay to view this type of programming.

As for the right price, I think that depends on the persons risk tolerance and patience.

The share price could get hit more, with reverse split and a bad 10K.

But, if the company becomes successful, any price down in this region will probably seem like a bargain, you would just have to hold the stock for an indeterminate amount of time.

[patentminer2013]

Unfortunately I think the share count is creeping up on them. It could be over 20 million fully diluted but I am not sure. Rick would probably have a better feel for it. Not that it is that high but I really liked their potential when there were few shares. Now if they get to a million a quarter in sales they are still selling for quite a bit. Maybe the content is worth tens of millions? On Andy it's obvious he is clueless about running a public company. Some of the statements he has made over the years have just be plain wrong and he is in my show me phase since nothing he says should be taken as true except the fact he is looking out for himself and other buddies he hired.



Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)          On February 3, 2016, at a Special Meeting of Stockholders (the “Special Meeting”) of Genius Brands International, Inc. (the “Company”), the stockholders of the Company approved an amendment to the Company’s 2015 Incentive Plan (the “Plan”) to, among other things, increase the number of shares available for the grant of awards under the Plan to 4,330,000 shares.

 

A complete copy of the Plan was filed as Appendix A to the Company’s Proxy Statement on Schedule 14A (DEF 14A) for the Company’s Special Meeting as filed with the Securities and Exchange Commission on December 18, 2015 and is incorporated herein by this reference.

 

Item 5.07Submission of Matters to a Vote of Security Holders.

 

(a)          On February 3, 2016, the Company held a Special Meeting. At the Special Meeting, 11,287,746 votes were present in person or represented by proxy, which represented approximately 68.21% of the total shares outstanding and entitled to vote as of the record date of December 10, 2015.

 

(b)          The following proposal was submitted to the Company’s stockholders at the Special Meeting:

 

A proposal to approve an amendment to the Genius Brands International, Inc. 2015 Incentive Plan to, among other things, increase the number of shares available for the grant of awards to 4,330,000 shares. This proposal was approved by the stockholders, based on the following votes: