(1/5) Details on how our $GNS $10 NFT Coupon (announced today) will work. By being on blockchain on @UpstreamXchange each shareholder can be verified and we can issue further coupons in the future to keep #nakedshorts constantly on their toes.
(2/5) Step One: We expect to get approval to dual list on @UpstreamXchange in Feb, in time for the count date on Feb 28. You don't need to move or trade any $GNS shares from NYSE to Upstream to get your NFT Coupons.
(3/5) Step Two: We'll give all shareholders the link to set up account on Upstream, and those with shares on Feb 28 will then get one NFT for full shareholding. eg. If you have 100 shares, you get a $1,000 NFT. If you have 100,000 shares, you get a $1m NFT.
@UpstreamXchange (4/5) Step Three: Each shareholder can then convert their NFT into GEMs on our Edtech platform GeniusU. We believe in student credit, not student debt. GEMs are credits like airmiles which gives you discounts on courses, products, etc. Full details in our upcoming investor meet.
@UpstreamXchange (5/5) Our intention is for the $GNS NFT coupon concept to be a mechanism that other companies trying to both fight #nakedshorts and reward their shareholders can copy. It's not one bullet but a machine gun that keeps on giving. @UpstreamXchange shares this vision.
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(1/6) Genius Group today published a Guide to Claim $10 NFT Coupons: Step #1 - Have shares of $GNS on Record Date 28 Feb (Note T+2 = Shares today or Friday, settlement Tue). Continued in comments... globenewswire.com/news-release/2…
(2/6) Guide to Claim $GNS $10 NFT Coupons: Step #2 - Note dates. Claim on upstream.exchange from 15 Mar (Our next Investor Meet), Redeem and convert to GEMs on geniusu.com by Jun 15, Use GEMs by Sep 15.
(3/6) Guide to Claim $GNS $10 NFT Coupons: Step #3 - Set up account on upstream.exchange (you can do this from today), explore Upstream and review guide from now through to Claim Date 15/3: Link to Guide: docs.google.com/presentation/d…
Today we launch Phase2 of legal action. I est. size of damages to $GNS from illegal trading over $150 million and may be much higher. If shareholders agree my preference is any/all win = 50% special dividend of restricted stock to shareholder, 50% to fund fighting #Naked Shorts.
ie. Use all wins from #NakedShorts to fight #NakedShorts. Imagine if all CEOs & companies did the same. We could have the funds & army to win this thing.
BTW these are my personal views and any final decision needs $GNS Board & Shareholders approval. For now we've moved from tracking & assessment phase to litigation phase. Phase 3 = Court action.
The 8 Step Playbook shared on CEO Roundtable (watch here): youtube.com/live/iRVqVEJK6… - Share with your CEO / Board if the co suspects #nakedshorts - 8 steps below...
(1/10) Step 1: Hire ShareIntel or @buyinsnet to track shares for 30 days. More likely low share price is due to (A) unhealthy business (B) toxic financing than (C) naked shorts. Get proof first.
(2/10) Step 2: Hire specialist lawyer like Wes Christian to advise on steps during first 30 days so the CEO & Board are prepared with next legal steps if/when they have proof of naked shorts.
@BreakTheToy@Hil_Davis@palella@SteveReinharz (3/7) Roundtable Guest: Brian McFadden @BreakTheToy - CEO of Cryptyde $TYDE. Exec at $BBIG which did a spin-off of Web3 sub $TYDE as a special dividend in 2022. Company FY23 guidance $60M revenue. Market cap down 98% to $7m market cap. cryptyde.com
Top 5 Things I’ve Learned About #NakedShorts-Busting Special Dividends (No.1) Cash dividends don’t work as crooked brokers would rather pay dividends out of pocket and keep counterfeit shares hidden than have to cover. It’s a cheaper ‘cost of doing business’…
Top 5 Things (No.2) Blockchain based dividends force brokers to have to cover and clear counterfeit shares or be exposed. But approval process can take 6 months or more. Plus DTCC won’t distribute so needs 3rd party distribution. So can work but slow solution…
Top 5 Things (No.3) Merger or Spin-off can have same effect as No.2 in flushing out naked shorts and can be faster to get approval as they are more common practice. So more like 3 months. Faster but still not fast enough. Good solution if co has strong assets in subsidiaries.
Wall Street is throwing everything at $GNS - Buy side trading limits, launching options trading, negative rumours (all we were warned of). Meanwhile, here's my $GNS shares: Printed certs, locked up, off market, out of hands of brokers & #NakedShorts. Hold strong. #NakedShortsWar
Anti-Short Tip 1: Get co. stock transfer agent to issue printed shares. So out of market / out of hands of shorts. $GNS agent is vStock. Don't leave your valuables in a bank vault if you don't trust the bank.
Anti-Short Tip 2: Second best is to DRS your shares via same stock transfer agent. So still electronic but out o hands of brokers. Here's how vStock explains the process: vstocktransfer.com/drs-transfer