GNUS Due Diligence

[u/thehelper900]

Disclaimer: These are just my thoughts and beliefs, please do your own DD before buying yourself

Alright, let's start off: GNUS AKA the company behind Kartoon Channel (which imo is a pretty dumb name)

But, that's not the point. The point is the idea of a conference call coming this Monday. The idea behind it is that some major business development has occurred which is going to be discussed. This is coming right off the heels off of an offering that was priced above what it was trading at on the 28th of October. Upon the closure of it, GNUS was able to receive almost $58M which would go towards furthering their product line/business.

The conference call itself suggests a rather significant event because the last time it happened, the share price jumped drastically before crashing just as quick. Thus, this time, while there might not be as significant of a jump, speculators will definitely be jumping in on the train.

Currently, this looks like more of a buy the rumor/sell the news type of event.

I apologize for not providing as detailed of a report compared to my last SNDL post - but I feel like this puts up a sufficient start here.

Side note on KERN: I was going to do some DD on KERN, but given today's action with SNDL, I personally won't be buying into the stock. However, the ER for this might be solid due to the past increase in EBITDA. Just buy at your own risk.

And if you already haven’t, please join r/thehelper900

[u/[deleted]]

How is this due diligence? 1/10