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On 6/9/2020 at 2:00 PM, AriGold2.0 said:

Thank you to the good people at Naked!! You could see the squeeze happening.. Heavy volume with minimal movement then Boom!!

 

If I had a little more patients I would have made around $13,000 as it went to $2.60 but I noped outta there with my $5300

 

image.thumb.png.6de76f43e81d8a6e3b0432c901cff69b.png

 

How did everybodys day go ? Highs or lows ? I lost $300 on GNUS with that drop from $5. I'm done with GNUS, others can play in that death trap.

Not so good. I wished I sold higher on NKLA but was afraid that I might lose out on the spike during their presentation. Probably sell off if it keeps dropping, stop limit at 58 which is still pretty decent, a sliver less than doubled my money try to buy back in. Other than my "no touch" holdings, pretty much a crappy day across the board, far cry from Monday where every trade was turning gold! Just waiting for the 15th to see whats goin on with GNUS and waiting for a MARK bounce

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31 minutes ago, AriGold2.0 said:

Today’s another blood bath. Best to just buy the dip or walk away for the day.

 

Good luck all, don’t panic sell. What goes down must come up.

Am looking at GNUS just because I know there's an easy 30% there by mid week.  They're in the sub $3 range now.

 

My chosen ponies have put out zero PR and are suffering for it so it's a question of whether I cut my losses or hang on now.

 

Probably going to hang in there but can't pass on GNUS at sub $3

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They filed more paper work like last week and everyone is panicking about another offering when its in relation to past ones. This really hurts to watch

 

It seems to be going back up now but that got way too close to my break even point for my comfort

Edited by yoshiyoshi
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18 minutes ago, Warhippy said:

Am looking at GNUS just because I know there's an easy 30% there by mid week.  They're in the sub $3 range now.

 

My chosen ponies have put out zero PR and are suffering for it so it's a question of whether I cut my losses or hang on now.

 

Probably going to hang in there but can't pass on GNUS at sub $3

Can't say I am very familiar with GNUS but when a company does multiple offerings none higher than $1.20, that's the company telling you they don't think it's worth more than $1.20. If they did they could have done the offerings for higher.

 

61 million shares become free trading today. Looks like they all want to take their money. It hit $1.80ish in pre market.

Edited by nuckin_futz
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1 minute ago, nuckin_futz said:

Can't say I am very familiar with GNUS but when a company does multiple offerings none higher than $1.20, that's the company telling you they don't think it's worth more than $1.20. If they did they could have done the offerings for higher.

 

61 million shares become free trading today. Looks like they all want to take their money.

all these offerings were done in may when the stock price was much lower. the most recent one was at 1.5 when the stock was at.2.8 and dropped to 1.82 briefly that day before going back up to 2.

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19 minutes ago, nuckin_futz said:

Can't say I am very familiar with GNUS but when a company does multiple offerings none higher than $1.20, that's the company telling you they don't think it's worth more than $1.20. If they did they could have done the offerings for higher.

 

61 million shares become free trading today. Looks like they all want to take their money. It hit $1.80ish in pre market.

There's rumoured talks about a merger with Disney over the next few months.  They'll see a bump in price I'd assume after the 15th and again prior to their toy launch.

 

Speculative investors are nothing if not predictable

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9 minutes ago, yoshiyoshi said:

all these offerings were done in may when the stock price was much lower. the most recent one was at 1.5 when the stock was at.2.8 and dropped to 1.82 briefly that day before going back up to 2.

 

Reality Check: 131 Million Shares Are Likely to Hit The Market Within 2-4 Weeks, Creating a Massive Amount of Selling Pressure

Just as an exciting story is always the fuel to a massive stock run, the tragic ending is often written in the mundane fine print.

A review of Genius Brands' recent multitude of stock offerings makes clear that its financial backers are likely weeks away from be able to sell a wall of stock that is almost assuredly going to send shares sharply lower. It's the warrants that I'd be concerned about.

 

In March, the company completed a financing that sold convertible notes and warrants to its own CEO and other investors that collectively convert into ~131 million shares of common stock at a strike price of $0.21. [Pg. 2Pg. 1]

 

Most financiers that participate in such private placements buy the stock at a slight discount to market prices. The discount compensates them for the risk of temporarily being unable to sell the shares. Such financiers are often looking to make small arbitrage gains by locking in the difference between the trading price and the discounted price they purchase at. That arbitrage can typically only be truly locked in when shares are registered and the SEC approves a “notice of effectiveness” to sell the shares on the open market.

 

Given the meteoric rise of Genius Brands' stock, those financiers are likely sitting on outsized paper gains, waiting for the opportunity to lock in profits from the retail bonanza fueling the stock price. Yesterday, the company filed a prospectus statement that seeks to allow those very holders to sell almost half of those shares. We expect a follow-up filing will cover the remainder.

 

The timeline for when the SEC approves the “notice of effectiveness” can vary, but based on recent history, it took 10 days for the company’s last S-3 filing to become effective. That suggests an effectiveness around June 14th, coinciding with the company’s planned launch of the Kartoon Network on June 15th.

 

Once that notice of effectiveness is active, a new wave of selling is likely to pummel the stock as its financial backers rush to lock in profits. Any readers that have not exited by then are, in our estimation, likely to get decimated.

 

*************************

 

It's the warrants that I'd be concerned about. 131 million with a strike price of 21 cents.

 

https://finance.yahoo.com/news/genius-brands-1-50-stock-111606689.html

 

Note the author of the research note is short the stock.

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Hmm thats a scary article but it may have some false information. From what i heard the CEO invested money but did not get any warrants out of it. I dont know how to check the authenticity of the story though. But either way im now scared to wait for monday damnit. Not that i wasnt before

 

Edited by yoshiyoshi
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9 minutes ago, yoshiyoshi said:

Hmm thats a scary article but it may have some false information. From what i heard the CEO invested money but did not get any warrants out of it. I dont know how to check the authenticity of the story though. But either way im now scared to wait for monday damnit. Not that i wasnt before

 

There's links in the story to a GNUS PR and the SEC filings. The answers are probably in there somewhere.

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23 minutes ago, nuckin_futz said:

There's links in the story to a GNUS PR and the SEC filings. The answers are probably in there somewhere.

No sir, you're right.  Loads of history of GNUS effectively burning money to warm their house as it was over the last little while.

 

But this is the first time they've had a tangible quality product for market so it will be interesting to see.

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well i sold at 3.5, gonna see if the usual dip happens in the next 30 min and see about buying back in, just farm it for 30 cent gains or whatever today and see how things stand tomorrow. Worst case scenario right now i dont get back in and i am still up by 20k

 

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1 hour ago, Warhippy said:

Am looking at GNUS just because I know there's an easy 30% there by mid week.  They're in the sub $3 range now.

 

My chosen ponies have put out zero PR and are suffering for it so it's a question of whether I cut my losses or hang on now.

 

Probably going to hang in there but can't pass on GNUS at sub $3

I gotta be honest, I really like GNUS at $3.50. It can easily run to $5-$6 over the next week or 2. These guys are excellent at PR and make it bump huge on any given day, you just gotta know your exit plan.

 

Disclaimer - GNUS is a very very risky stock. Comparable would going to a casino and putting all your money on black or red.

Edited by AriGold2.0
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