Financial Data and Key Metrics Changes - The company's revenue dropped to $7.9 million from $23 million in the previous year, indicating a significant decline due to operational disruptions [31] - Total assets grew from $30.3 million in 2023 to $101 million in 2024, with current assets increasing from $9.6 million to $42.2 million [32] - Total liabilities decreased from $23.5 million in 2023 to $21.6 million in 2024, resulting in a net asset value growth from $19.7 million to $79.4 million, a year-on-year increase of 303% [32][33] Business Line Data and Key Metrics Changes - The core education business is developing a blockchain-based microlearning platform, which includes the Bitcoin Academy, Genius Academy, and Genius School [11] - The company aims to generate $20 million in revenues from its AI-powered education business, ensuring long-term sustainability [12] - Two out of three remaining business units are now achieving profitability [34] Market Data and Key Metrics Changes - The lifelong learning market is valued at $10 trillion and is undergoing global disruption, with the company positioned to capitalize on this trend [22] - The company is experiencing a wave of adoption in AI education globally, supported by government initiatives [23] Company Strategy and Development Direction - The company aims to establish 100 Genius cities and reach a billion-dollar valuation by 2030, with plans to develop the first physical Genius city in Bali, Indonesia [4][13] - The Genius City model integrates lifelong learning with tokenized assets and an AI-powered workforce [13][26] - The company is focused on educating other executives and investors on the long-term value of Bitcoin treasuries [24] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of overcoming legal challenges to execute the group's plans and achieve profitability [30][35] - The company is providing provisional revenue guidance of $10 million to $30 million, contingent on lifting the preliminary injunction [35] - Management remains optimistic about the long-term vision of the company despite short-term challenges [35] Other Important Information - The company is currently facing legal restrictions that prevent it from raising funds or buying Bitcoin, impacting its operations and growth plans [5][16] - The ongoing legal issues could result in damages exceeding $700 million, potentially reaching over a billion dollars [21] Q&A Session Summary Question: What is the company's strategy regarding the Bitcoin treasury? - The company aims to grow its Bitcoin treasury to 1,000 Bitcoin, with a long-term target of a billion dollars in value by 2030, despite current legal restrictions [11][20] Question: How is the company addressing its operational challenges? - The management is focused on cutting costs and achieving profitability in its remaining business units while navigating legal challenges [34] Question: What is the outlook for the education market? - The company believes it is well-positioned to capitalize on the $10 trillion lifelong learning market, especially with the increasing adoption of AI education [22][23]

Group 1 - Genius Group Limited will announce its full year 2024 financial results on April 30, 2025, prior to market open [1] - A live webcast will be hosted by management at 8:00 AM Eastern Time / 8:00 PM Singapore Time on the same day to discuss the results and provide updates on various initiatives [2] - The company serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace, focusing on AI-powered education and acceleration solutions [4] Group 2 - The webcast will include discussions on the AI-Powered Genius Curriculum, Genius City model, Bitcoin Treasury strategy, current legal cases, and guidance for 2025 [2] - Supplemental information will be available on the investor relations section of the Genius Group website, with an archive accessible after the live event [3] - Genius Group combines human talent with AI skills and solutions at individual, enterprise, and government levels [4]

Core Points - Genius Group Limited announced a significant shareholder vote, with 97.5% in favor of a share buyback [1] - The buyback will be for up to 20% of the Company's shares, adhering to Singapore law and relevant securities regulations [2] - The Company is facing legal challenges due to a Preliminary Injunction from a U.S. court, affecting its ability to issue shares for employee compensation [3] - To comply with Singapore laws, the Company will pay employee compensation in cash instead of shares, allowing employees to reinvest in the Company [4] - CEO Roger Hamilton emphasized the support from shareholders for the buyback, despite legal restrictions on selling shares [5] - Genius Group operates as a Bitcoin-first education group, serving 5.4 million users globally with AI-powered solutions [6]

Core Viewpoint - Genius Group Limited has filed a lawsuit against Peter Ritz and Michael Moe under the RICO Act, seeking over $450 million in damages due to alleged fraudulent activities that harmed the company [1][7]. Legal Actions - The lawsuit is part of a broader strategy to combat fraud and market manipulation, separate from another lawsuit related to alleged naked short selling and spoofing, which has estimated damages between $251 million and $263 million [4]. - The company has also filed a complaint with the SEC and notified the DOJ and FBI regarding the RICO complaint, requesting further investigation [2]. Allegations Against Defendants - The defendants are accused of orchestrating a scheme involving mail fraud, wire fraud, and extortion to gain control of microcap entities, ultimately harming Genius Group [7]. - Specific allegations include fraudulent inducement to enter an asset purchase agreement based on false representations, and an attempted boardroom coup to take control of the company [7]. Financial Implications - Genius Group is seeking a jury trial and demands a minimum of $150 million in monetary damages, which could amount to $450 million based on treble damages under Florida law [7]. Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.4 million users across over 100 countries, providing AI training and solutions for various sectors [5].

SINGAPORE, April 03, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that it is being forced to sell its Bitcoin Treasury after having been blocked from selling shares or raising funds, and specifically from using investor funds to buy Bitcoin by the United States District Court Southern District of New York (SDNY). As previously reported by the Company, on October 30, 2024 Genius initiated arbit ...

VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in next generation intelligent agent systems, announces that AI Driller, a leading AI solutions company focused on providing a comprehensive operational platform for safer and smarter drilling and completions solutions for the oil and gas industry, has joined the Genius commercial program. AI Driller customers include large global a ...

The stock market has taken a nose dive due to fears that a looming trade war will take a toll on the U.S. economy. While the recent declines have hit nearly every sector, no group of stocks has fared worse than the big tech leaders that have been benefiting from the rise of artificial intelligence (AI). Some of these stocks are down by around 20%. But those slides make them interesting investments to consider buying.The five stocks that I'm most focused on right now are Nvidia (NVDA -4.23%), Taiwan Semicond ...

Company Overview - Genius Sports (NYSE: GENI) specializes in real-time sports data, analytics, and technology, which are essential for modern sports operations [1] - The company operates at the intersection of sports betting, media, and fan engagement, highlighting its multifaceted role in the sports industry [1] Research Principles - Grassroots Trading emphasizes objective, unbiased, and balanced research, relying on solid data without emotional influences [1] - The focus is primarily on small- to mid-cap companies, providing compelling investment insights that are often overlooked [1] - The research also includes periodic identification of opportunities in large- and mega-cap companies, broadening the coverage of dynamic equity markets [1]

Core Insights - Genius Group Limited is actively participating in two major institutional investor summits in February 2025, focusing on Bitcoin and digital assets [1][2][3] Group 1: Events and Sponsorships - Genius Group is sponsoring the Digital Assets Institutional Investor Summit in Hong Kong on February 18, 2025, discussing Bitcoin Treasury Companies with Asian institutional investors [2] - The company is also sponsoring Bitcoin Investor Week in New York from February 24-28, 2025, featuring prominent advocates of Bitcoin and focusing on institutional adoption and corporate treasuries [3] Group 2: Company Positioning - Genius Group is the only Asian Bitcoin Treasury Company listed on a major US stock exchange, attracting international investors interested in Bitcoin exposure with zero capital gains tax [4] - The launch of the Bitcoin Academy aims to educate corporations, executives, and investors on the benefits of institutional Bitcoin adoption [4] Group 3: Company Overview - Genius Group serves 5.4 million users across over 100 countries, providing AI-powered education and acceleration solutions through its Genius City model and online marketplace [6]

Core Viewpoint - Genius Group Limited has announced plans for a share buyback of up to 20% of its issued share capital and the creation of new classes of ordinary and preferred shares, in response to its current share price being significantly below its Bitcoin Treasury value and net asset value [1][4][8]. Group 1: Share Buyback and Rights Offering - The Board of Directors has called for an Extraordinary General Meeting (EGM) to authorize a share buyback of up to 20% of the issued share capital [1][8]. - The rights offering previously announced has been canceled due to the company's share price being below the exercise price [2][3]. - All subscription payments from holders who exercised their rights will be returned without interest or penalty [3]. Group 2: Financial Position and Strategy - The current market capitalization of Genius Group is reported to be 50% of the value of its Bitcoin Treasury and 30% of the company's net asset value [4]. - The company aims to increase its Bitcoin Treasury through reserves and other funding means [2]. - The CEO emphasized a strong growth plan for profitable growth in 2025, with expectations of building company value relative to asset and treasury growth [4]. Group 3: Upcoming EGM Details - The record date for the upcoming EGM is set for February 24, 2025 [5]. - Items to be voted on at the EGM include the approval for the share buyback, the issuance of a new class of preference shares with dividends, and a new class of ordinary shares that will carry 10 votes per share [8]. Group 4: Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.4 million users in over 100 countries [6]. - The company focuses on personalized, entrepreneurial AI pathways that combine human talent with AI skills and solutions at various levels [6].