FONU is a film studio, production and social commerce company actively developing a 1,560 acre film studio complex in Effingham County, Georgia.
Georgia? Not New York or California?
It turns out Georgia is #1 in growth nationwide for film in production ahead of both California and New York
Demand in Georgia far outweighs supply.
- Georgia currently has an inventory shortage estimated at over 20 soundstages to accommodate the entertainment business needs.
- Record government support including grants,rebates and tax incentives enhances profitability;
- In FY 2014 alone, Georgia-lensed feature films and television productions generated an economic impact of $5.1 B
- Qualifying productions receive up to a 30% tax credit.
Now before you get the idea that these guys are just a bunch of wannabe filmmakers hear me out, these guys have major connections with a management team on board that has produced over 3B in box office receipts!
The company has acquired the distribution right to Nick Cassavete’s Yellow. Cassavette wrote and directed many other notable films such as The Other Woman, The Notebook, John Q, and Blow, just ot name a few.
FONU is also producing a film directed by the legendary Penny Marshall. Penny Marshall directed a few films you may recognize such as According to Jim, A league Of Their own, Big, and Laverne & Shirley.
What if I told you there was even more Hollywood Elite involved with FONU?
FONU recently appointed a new COO, Alice P. Neuhauser whose resume includes financing some of the largest independently financed films of all time including Terminator 2, Cliffhanger, Basic Instinct, and Total Recall.
A few more key points below:
- Largest Studio project in the Americas.
- Cost savings versus competing studios.
- Management team track record includes both the successful creation and construction of a leading production studio as well as producing over 200 movies, which have generated in excess of $3 billion in box office receipts.
The entertainment sector has been booming lately with companies like Bona film group increasing nearly 50% from its 52 week low almost a year ago and trading at life time highs of nearly 9 dollars a share!
FONU is a young company for sure but that doesn’t mean there isn’t huge potential here. FONU has seen increasing revenues over the last 3 years from 81k in 2012, 282k in 2013, and 343k in 2014!
FONU is priced at just under 4 cents a share and is showing a market value of 780k on OTCmarkets as of April 6,2015.
With such a tiny market value this ticker could be one of the fastest moving picks we’ve seen all year!
FONU has had some recent developments to look forward to as well.
Just yesterday FONU announced it would present at the 2 annual growth capital expo on April 13th
The Growth Capital Expo will feature Presentations by selected MicroCap and pre-IPO growth company management teams showcasing the best opportunities of the year for emerging growth investment. Institutions, Investment Banks, and High Net Worth Investors will have the opportunity to meet with management directly to build relationships and source new deals.
On March 31, 2015 FONU announced a definitive agreement had been signed to acquire Applebox Productions production equipment.
This is a huge development that will provide immediate cash flow for the company
“Through the Applebox acquisition, we will have virtually all of the physical equipment needed to make motion pictures," stated Jake Shapiro, Chairman of the Board of FONU2 Inc. "We will be moving this equipment to our property in Effingham County, Georgia, the site of our future facility. Not only will this equipment be utilized in the upcoming film to be directed by Penny Marshall, we will also be renting the equipment out to help service the Georgia Film Industry. Since we are a Georgia-based business, any film productions in Georgia that rent from us will qualify for the thirty percent tax credit on our film equipment rentals to them. We expect this to be an immediate cash flow generator for the Company, and view this acquisition as a major milestone not only for us, but our shareholders as well. This acquisition will also help to provide a serious level of film infrastructure for coastal Georgia."
Good luck and Happy Trading!
