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POW! Entertainment, Inc. Message Board

rickn23 107 posts  |  Last Activity: 8 hours ago Member since: Jul 23, 2007
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  • "On August 15, 2014, Genius Brands International, Inc. (the "Company") entered into a Revolving Line of Credit (the "Line of Credit") with SunTrust Bank ("SunTrust") with availability equal to a maximum of Two Million Dollars ($2,000,000) (the "Loan Amount"), evidence by a note (the "Note"). All outstanding amounts under the Note shall be due and payable on August 12, 2015 and shall accrue interest at a rate equal to the one month LIBOR Rate (as defined in Addendum A to the Note) plus 4.75% per annum, subject to adjustment (the "Interest Rate"). Repayment of the Loan Amount is secured by the assets of the Company pursuant to the terms of a security agreement. The Note is subject to certain "events of default", including, but not limited to, the failure by the Company to pay any amount due and owing under the Note when it becomes due and the entry of a judgment or the issuance or service of any attachment, levy or garnishment against the Company or the property of the Company or the repossession or seizure of the property of the Company. Upon the occurrence of any proscribed event of default, SunTrust shall have no obligation to fund the Note or make any advancement under the Note and SunTrust, at its option, may declare the entire outstanding principal balance, together with all interest thereon, to be immediately due and payable. Upon the occurrence of an event of default, SunTrust may, at its option, charge interest on the unpaid balance of the Note at the lesser of (i) the Interest Rate plus 4% per annum or (ii) the maximum rate allowed by law. "

    http://biz.yahoo.com/e/140820/gnus8-k.html

  • rickn23 rickn23 Aug 19, 2014 4:35 PM Flag

    There is also an 8K filing.

    http://biz.yahoo.com/e/140819/gnus8-k.html

    "1) Paragraph 4: Due to the seasonal nature of the industry, the majority of revenue generated in the marketplace from our content is expected to occur in the fourth quarter, generally. Due to GAAP revenue recognition criteria, we do not expect these increased seasonal sales to translate into significantly asymmetrical GAAP revenue growth in the fourth quarter 2014, however we do expect to receive more cash in the fourth quarter 2014 from operations, as compared to other quarters of 2014. We expect third quarter 2014 earnings (Net Income) to be in line with the previous quarters, adjusted slightly upward for additional growth in the Company."

  • Yahoo link:

    https://finance.yahoo.com/news/genius-brands-international-ceo-announces-192142737.html

    They have about $2 million in receivables they can't book, yet. Some might be "Mighty 7" money.

    Also,:

    "We have growing interest from the biggest retailers in the U.S., and we expect to see material presence at retail of our product lines over the next 24 months, as we execute against Baby Genius, Secret Millionaires Club, Stan Lee Comics, Thomas Edison's Secret Lab, and the new brands recently acquired to be announced shortly. "

  • rickn23 rickn23 Aug 19, 2014 3:49 PM Flag

    " $2 million dollars in high quality receivables and obligations to us"

    "Application to move to NASDAQ has been filed and we are optimistic to be there before the end of the year. "

    "We have growing interest from the biggest retailers in the U.S., and we expect to see material presence at retail of our product lines over the next 24 months, as we execute against Baby Genius, Secret Millionaires Club, Stan Lee Comics, Thomas Edison's Secret Lab, and the new brands recently acquired to be announced shortly. "

    "Lastly, we expect to be cash break even by end of year, and cash positive in 2015. "

  • Yahoo link:

    https://finance.yahoo.com/news/genius-brands-international-ceo-announces-192142737.html

  • rickn23 rickn23 Aug 19, 2014 8:24 AM Flag

    I doubt anyone will get excited about an unnamed "live-action project", projected to come out next year (maybe).

  • Reuters article mostly about Stan Lee's Kids Universe.

    Yahoo Link:
    https://finance.yahoo.com/news/91-marvel-creator-stan-lee-100000817.html

    Also:
    "Lee believes the characters can be transitioned to film and TV, and he has a live-action project in the works for next year."

  • Reply to

    10Q is out

    by rickn23 Aug 14, 2014 1:11 PM
    rickn23 rickn23 Aug 14, 2014 3:35 PM Flag

    I guess it depends on how much Mattel pays POW!, and if Disney keeps paying POW! for Stan's consulting services. POW! has been spending more than the $2.5 million a year that it gets from Disney. (and $550,000 of that POW! borrowed from Disney). Mattel would have to at least match (or better) what Disney was doing.

    Now, Mattel is in greater need of IP than Disney. It is more likely to pay the costs to develop IP. Disney has way more valuable IP from Marvel.

  • rickn23 by rickn23 Aug 14, 2014 3:15 PM Flag

    Revenues of $217,196
    Net loss of $1,140,629

    http://biz.yahoo.com/e/140814/gnus10-q.html

  • Reply to

    10Q is out

    by rickn23 Aug 14, 2014 1:11 PM
    rickn23 rickn23 Aug 14, 2014 1:29 PM Flag

    Yahoo link:

    " Going Concern

    The Silver Creek Agreement as described below in Transactions with Affiliates of the Walt Disney Company expires in December 2014. The agreement will not be extended beyond December 2014. The Company has sustained recurring losses in prior years. The current combined cash and marketable securities will sustain operations for only a short period of time. With the absence of revenue streams from the Silver Creek Agreement, these conditions raise substantial doubt about the Company's ability to continue as a going concern."

    http://biz.yahoo.com/e/140814/pown10-q.html

  • It didn't show any "Stan Lee's Mighty 7" revenue, so I'm guessing that GNUS won't show it either.

  • Reply to

    10Q is out

    by rickn23 Aug 14, 2014 1:11 PM
    rickn23 rickn23 Aug 14, 2014 1:25 PM Flag

    I guess there is also the possibility of a planned buyout. I still think it will probably be the Mattel partnership that was mentioned last year.

  • Reply to

    10Q is out

    by rickn23 Aug 14, 2014 1:11 PM
    rickn23 rickn23 Aug 14, 2014 1:23 PM Flag

    It also looks like the Disney first look deal will not be extended (page 12 of the SEC 10Q filing). I'm guessing this is where Mattel takes over. We will probably have to wait until December/January to find out.

  • rickn23 by rickn23 Aug 14, 2014 1:11 PM Flag

    Revenue $526,870
    Net loss $121,349, Comprehensive loss (don't ask me the difference) $121,569

    "On March 31, 2014, a settlement was reached with other equity owner of SLPC wherein they will reimburse the Company $35,000 of the total amount paid by the Company. On May 15, 2014, the settlement was breached by the other equity owner. During the three months ended June 30, 2014, the amount of $35,000 was written off as uncollectible."

  • rickn23 rickn23 Aug 13, 2014 8:32 PM Flag

    There is a Youtube video out today. Yoshiki says they will talk about the, "next phase of Blood Red Dragon"

  • Reply to

    Rumors and innuendo

    by rickn23 Aug 4, 2014 5:03 PM
    rickn23 rickn23 Aug 13, 2014 7:12 PM Flag

    More info on this front, from an article today:

    "she said the teased gig is “not necessarily a movie and not necessarily a superhero that you would think of,”

  • Reply to

    Stan Lee cancels SDCC appearances

    by rickn23 Jul 24, 2014 6:52 PM
    rickn23 rickn23 Aug 12, 2014 3:43 PM Flag

    He's been doing stuff since then, meeting with people, and doing interviews. He seems better. But, him missing SDCC didn't help Genius Brands (or POW!).

    The earnings report is due on the 14th. I have no idea how it's going to go. I think they have done most of their write-downs, except maybe starting the new consumer products division. They also redesigned the BabyGenius website (or maybe still in the process).

    I'm hoping to see some revenue growth.

  • rickn23 by rickn23 Aug 12, 2014 12:57 PM Flag

    It's a short film (6.5 minutes w/credits) on Stan Lee's World of Heroes YouTube Channel

  • rickn23 rickn23 Aug 12, 2014 8:08 AM Flag

    Another article on Yoshiki. It's a Q&A. Yoshiki says, "This time – actually, I can’t talk about what we’re doing – we’ll be announcing something very exciting on October 10 at New York Comic Con.” ", in regards to his panel with Stan Lee at the New York comic con. Link on iHub.

  • Reply to

    "Apollo Rising" Avi-Stan Sony/Columbia

    by rickn23 Aug 7, 2014 9:11 PM
    rickn23 rickn23 Aug 11, 2014 7:56 AM Flag

    I'm glad you pointed that out. I looked at the iHub posts and POW! isn't mentioned. I recognized the name. I think it was one of the IPs Disney was looking at, on the original first look deal almost 7 years ago. I had assumed most long term shareholders recognized it, also.

    It's also something to add to POW's valuation in case of an early buyout.

    I'm not sure why there isn't more excitement around this. The article said Sony bought the film rights to "Eternal" to keep it off the market, presumably so it would not compete with "Apollo Rising". Even though they are merging the two scripts, it sounds like Sony is serious about making a movie. Maybe things will heat up when casting is released.

    Don't forget the earnings report should be out on the 14th.

POWN
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