27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
VANCOUVER, BC / ACCESSWIRE / November 28, 2014 / Gener8 Media Corp. (CSE: GNR) ("Gener8" or the "Company") announces the release of its unaudited financial results for the third quarter ended September 30, 2014. All figures are in Canadian dollars.
Q3 2014 Financial Update
-- Revenue for the first nine months of 2014 reached $12,841,879 (a 52% increase over 2013)
-- While revenue for the quarter was $2,364,533, the Company's nine month revenue exceeds every previous years' total annual revenue
-- Revenue for Q3 was less than Q2 due to the seasonal nature of the 3D conversion industry
-- Net loss for the three months ended September 30, 2014 was $1,869,599. This was attributed to a strategic investment in a discounted 3D conversion contract, which enabled Gener8 to enter the Chinese film market.
-- Net income for the nine months ended September 30, 2014 was $1,685,238
Q3 2014 Operational Update
-- Completed the 3D conversion of a Hollywood film to be released in 2015
-- Completed the 3D conversion of The Grandmaster, set to release in China in January 2015
-- The Grandmaster conversion has garnered significant attention from China to date
-- Signed a contract for conversion for a significant portion of a theatrical film set to release in 2015
Q3 2014 Financial Summary
----------------------------------------------------------------------- | | | | |---------------------------------------------------------------------| | |Three months ended | |---------------------------------------------------------------------| | |September |September | | |30, 2014 |30, 2013 | |---------------------------------------------------------------------| | | | | |---------------------------------------------------------------------| |Revenue |$2,364,533 |$3,836,982| |---------------------------------------------------------------------| | | | | |---------------------------------------------------------------------| |Net income (loss) and comprehensive income | | | |(loss) attributable to the Shareholders of the|(1,869,599)|213,060 | |Company | | | |---------------------------------------------------------------------| | | | | |---------------------------------------------------------------------| |Basic income (loss) per share |($0.04) |$0.01 | |---------------------------------------------------------------------| | | | | -----------------------------------------------------------------------Moving Forward
The Company is working on multiple 3D conversion projects that go well into 2015. With all of the work recently awarded, Gener8 is set to complete hiring 70 staff by the end of November and 40 more staff in December. Gener8's data visualization business, Cumul8, is experiencing an increase in staffing as well due to the success of its recent US projects.
About Gener8
Gener8 Media Corp. is a media technology company led by a team of gaming industry veterans. At the forefront of postproduction, the company earned its stripes by developing a proprietary 3D conversion technology, garnering high-profile credits including Godzilla, Maleficent and 300: Rise of an Empire. Gener8 has since expanded into offering visual effects services and a cloud-based data management and analytics solution called Cumul8. With its focus on developing disruptive solutions that combine design and technology, Gener8 funded and then acquired a majority interest in Reelhouse Media Ltd., an online entertainment distribution start-up. Gener8's head office is located in Vancouver, British Columbia. Visit the company website at www.gener8.com.
On Behalf of the Board of Directors
"Rory Armes"
Rory Armes
Chief Executive Officer and Director
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Although Gener8 believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
Danielle Rockel
Vice President of Corporate Affairs
Danielle@gener8.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
Source: Gener8 Media Corp.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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