Genio Group Inc., makers of Marvel and Mighty Beanz card games, has announced another $500,000 investment from Crestview Master, LLC in the form of convertible debentures.  Genio had previously raised $1.5 million from Crestview earlier this year (see 'Genio Closes on $1.5 Million').  The debentures mature December 31, 2005, and can be converted to common stock at $.20 per share.   The deal also includes 750,000 warrants at $.40 per share. 

These terms compare unfavorably with the debentures issued to Crestview earlier this year, which had a conversion price of $.50 per share and included warrants at $.80 and $1.00 per share.  This undoubtedly reflects Genio's declining share price, which was at around $.50 per share when the last deal was announced, and closed at $.25 per share on Friday.

The terms on the previously issued debentures were also revised as part of the new agreement.  The maturity date was extended from July 14th to December 31, 2005; the conversion price was reduced from $.50 per share to $.25 per share; and the exercise price of the warrants was reduced from $.80 to $1.00 per share to $.60 per share.