In Convertible Debentures
Posted by ICv2 on July 29, 2004 @ 11:00 pm CT
Genio Group, makers of Marvel (see 'Genio Sold $800,000 in Marvel Game') and Mighty Beanz (see 'Genio Gets Big Orders for Mighty Beanz CCG') card games, has sold $1.5 million in convertible debentures to Crestview Master, due July 14, 2005. The conversion price is $.50. The deal also included 900,000 $.80 warrants and 900,000 $1.00 warrants. Genio closed at $.53 Thursday.