Replies to post #8453 on Genius Brands International Inc (GNUS)

[rickn23]

If this is true, I'm appalled about the amount of insider information released. I'm only 20% of the way through, too. The board of directors should stop this action.

If this is true, is the info being released to try to prop up the share price, while the qualified investors sell their over 100 million shares?

SEC Says Social Media OK for Company Announcements if Investors Are Alerted

“One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information,” said George Canellos, Acting Director of the SEC’s Division of Enforcement. “Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.”

Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time.

realgadgetandy's Instagram is restricted to Instagram members only. It is not compliance with Regulation Fair Disclosure (Regulation FD).

This seems like a huge potential liability for GNUS, Andy, and the board of directors.