Exciting news for investors! AI-driven edtech firm Genius Group is making bold moves, announcing plans to share potential multi-billion dollar lawsuit winnings directly with shareholders and significantly expand its Bitcoin treasury.
Imagine this: if Genius Group wins its legal battles, you, as a shareholder, could see a $7 per share special dividend!
Here's the Breakdown of Their Ambitious Plan:
Genius Group's board has approved a clear distribution strategy for any proceeds from two major lawsuits, together seeking over $1 billion in damages.
* Lawsuit 1: A Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit demanding over $750 million from LZGI International.
* Lawsuit 2: An upcoming lawsuit expected to claim at least $262 million, with that figure likely to climb as 2024 and 2025 damages are factored in.
Roger Hamilton, CEO of Genius Group, emphasized that these lawsuits aim to recover damages suffered by shareholders. He firmly believes that 100% of any successful outcomes should directly benefit shareholders.
How the Winnings Will Be Allocated:
If Genius Group emerges victorious, the plan is simple and rewarding:
* 50% of the winnings will be distributed directly to shareholders as a special dividend.
* The remaining 50% will be allocated to the company's Bitcoin treasury.
Should both legal battles go their way, shareholders are looking at a potential $7 per share dividend! On top of that, the company intends to acquire and add a substantial 5,000 BTC to its treasury, based on current market prices.
Commitment to Bitcoin and Shareholder Value:
This strategic move isn't new for Genius Group. They've been actively building their corporate Bitcoin treasury, recently increasing it by over 50% through a series of BTC acquisitions on June 17. Their target is to acquire a total of 1,000 BTC for the treasury.
While there's no guarantee of winning these cases, Genius Group is clearly committed to leveraging potential legal victories to benefit its shareholders and strengthen its position in the dynamic cryptocurrency market.
What are your thoughts on Genius Group's strategy to combine legal victories with Bitcoin investments? Share your opinion in the comments below!
