I don't think Andy is a fraud, quite the opposite.
I've been clear and consistent in my reasonings. I expected the 10K report to reflect bad revenue and a loss (it did), and as a result the share price would dip back down (it didn't), maybe to new lows.
I also expect the Q1 2016 report to show a paper loss. Losses might extend into another quarter if new episodes of GNUS IP isn't released.
The news about Sony and the additional advances reported in the shareholder's letter were unexpected, causing people to ignore the 10K.
With the recent increase in the share price, I'm on the fence about what to do.