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re: Stocks on your watch list
Posted on 6/23/20 at 5:22 am to ColoradoTiger1987
Posted on 6/23/20 at 5:22 am to ColoradoTiger1987
Yep I posted that when I originally put all the DD on page 31. Might have sold you a little bit harder on IDEX if you seen it first hahaha. This company has so much potential man.
Posted on 6/23/20 at 6:08 am to WitnessTheLitness
DDOG 90
FSLY 78
DOCU 170
LVGO 75
TDOC 205
Nice start to the week
FSLY 78
DOCU 170
LVGO 75
TDOC 205
Nice start to the week
Posted on 6/23/20 at 9:51 am to WitnessTheLitness
Haha I can’t believe I missed that part! That’s going to bring in some big fish for sure.
Posted on 6/23/20 at 10:02 am to WitnessTheLitness
GNUS starting to make another run!! Finally a green day after the shite show the last 2 weeks have been. This is HUGE.
quote:
Company Becomes Debt Free and has $55 million in Cash on the Balance Sheet
BEVERLY HILLS, Calif., June 23, 2020 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. (“Genius Brands” or the “Company”) (Nasdaq: GNUS), a global brand management company that creates, licenses, and broadcasts, multimedia entertainment content for children, today announced that it has come to an agreement with all of its existing senior secured convertible noteholders to have the noteholders pre-pay their Notes for an aggregate of $4 million, three months early and then have the noteholders convert all of their $13.75 million of debt to equity. The Company has agreed to register for resale the shares issued upon conversion of the Notes. The Notes, which were set to amortize over 12 equal monthly payments beginning in September 2020, per terms of the previous agreement negotiated in March, will all be converted into equity shortly after the close. The result will leave the company debt free and with $55 million of cash on the balance sheet.
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.
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