Genius Group appoints Kevin Malone as board advisor

SINGAPORE - Genius Group Limited (NYSE American:GNS) announced Monday the appointment of Kevin Malone as an advisor to its Board, bringing expertise in combating market manipulation. The company’s stock, which has shown significant volatility with an 84% return over the last week and a market capitalization of $70.45 million, has been drawing increased attention from investors.

Malone, who serves as CEO and President of Malone Wealth, a Registered Investment Advisory Firm, will assist Genius Group as it prepares to file a lawsuit alleging market manipulation, including naked short selling and spoofing. According to InvestingPro data, GNS has experienced high price volatility, with the stock currently trading at 31% of its 52-week high of $3.20.

According to the company’s press release statement, Malone has elected to receive his compensation entirely in Genius Group shares rather than cash, a decision he described as "putting skin in the game" and aligning himself with shareholders. InvestingPro analysis indicates the company currently trades below its Fair Value, with analysts setting a target price of $4.30.

"I’m pleased to welcome Mr. Malone to the Genius team," said Roger Hamilton, Genius Group CEO. "Not only does he have extensive experience and expertise to offer our board, he also shares our passion for education."

Malone founded the Malone Wealth Charitable Fund, which aims to integrate personal finance education into the U.S. education system. He has previously invested in Genius Group, beginning in January 2023 when the company announced legal actions against alleged market manipulation.

In his statement, Malone referenced recent incidents where "multiple brokerages removed the buy button on Genius, Quantum, and multiple other companies," drawing parallels to similar actions taken with GameStop in 2021.

Genius Group describes itself as an AI-powered education group with a Bitcoin-first treasury that serves 5.8 million users across more than 100 countries. Financial metrics from InvestingPro show the company maintains a strong current ratio of 3.65, though it faces challenges with negative EBITDA of $19.25 million in the last twelve months. InvestingPro subscribers have access to over 15 additional key insights and a comprehensive Pro Research Report for GNS, offering deeper analysis of the company’s financial health and growth prospects.

In other recent news, Genius Group Limited has announced an increase in its 2025 revenue forecast by 50% following the acquisition of Entrepreneur Resorts Ltd. This acquisition is expected to boost Genius Group’s revenue from approximately $10 million to between $15 million and $18 million. In another development, CEO Roger Hamilton has increased his stake in the company by purchasing 650,000 shares, bringing his total holdings to 7.5 million shares. Additionally, Genius Group has expanded its Bitcoin holdings to 100 Bitcoin after a favorable U.S. Court of Appeals ruling allowed the company to resume Bitcoin purchases. The company aims to build its Bitcoin treasury to 1,000 units.

Genius Group has filed an amended RICO lawsuit seeking over $750 million in damages, alleging attempts to defraud the company and obstruct its operations. The lawsuit follows a court ruling that allowed the company to resume its financial activities, including Bitcoin purchases. Furthermore, Genius Group is cooperating with LZGI shareholders in class action lawsuits related to federal securities law violations. The company has also recovered CEO Roger Hamilton’s hacked X account and is investigating any connections to its ongoing legal challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.