Replies to post #7514 on Genius Brands International Inc (GNUS)

[cjstocksup]

This is HUGE for GNUS shareholders. 55 million dollars cash on hand and DEBT FREE!
https://finance.yahoo.com/news/genius-brands-international-retire-senior-132010081.html

Genius Brands International to Retire All Senior Secured Convertible Debt

Andy Heyward, Chairman & CEO of Genius Brands, commented, “This is a win-win for all parties. The Company today is debt free and holding $55 million in cash. The Company is uniquely positioned to take steps to build Kartoon Channel! into the pre-eminent childrens’ broadcaster anywhere, and produce, acquire, and license, the most compelling, forward-thinking programming for children today. We are delighted that our existing senior secured debt holders had the confidence in the Company to pre-pay the $4,000,000 Note obligation and to then convert their entire debt into equity right away.

[cjstocksup]

I agree.

GNUS:The company is doing well.The network is growing and we are getting many opportunities for other cartoons.There is a time lag for contracts and legal.The Apple situation is still going through Apple's corporate process
of which we have no control.The two shows will come off hiatus soon and that will increase visibility.The Arnold cartoon is for next year but that team is in early stages.Our merchandising is moving along and will continue to roll out product for the fall and Christmas.

The stock is in a disconnect with the development of the company.The investors I am guessing were looking for short term hit and the short people got in the way.This is a long term growth situation and you have to be patient

Mike