Grom Social Enterprises Inc. (OTCMKTS: GRMM)
We’ve got another special focus report for our readers this morning with GRMM. We’ve done detailed snapshots on all types of businesses over the years, but this might be the first aspiring social media network we’ve covered, and the company has an intriguing niche there, in addition to other exciting aspects as well. Two things we’re always looking for are plays with interesting backstories, and charts with potential. We’ve got both of those boxes checked with GRMM.
Despite an OTC listing, GRMM has been on the OTCQB for 3 years, and enjoys ‘Penny Stock Exempt’ status, meaning it has achieved certain benchmarks that do not fit the literal definition of a penny stock. However, it definitely has the upside volatility potential of a penny stock. But before we get into that, some more detail on what the company does.
GRMM, through its Grom Social, Top Draw Animation, and Grom Educational Services subsidiaries, provides all kinds of offerings for children that are safe and enriching.
Grom Social is a safe social media platform for kids 13 and under. It is an all kids social media network that is monitored live for safety 24/7, and gives parents full administrative oversight and control by utilizing its safe parenting app “MamaBear”. Grom also gives kids what they want; Snapchat, YouTube and Netflix like features. Grom Social is the only COPPA Compliant (Children’s On Line Privacy Protection Act) App where can kids can safely upload videos and photos like YouTube kids but in a completely safe platform unlike Facebook, TikTok and YouTube Kids.
Grom Social, GRMM has produced over 1250 hours of exclusive children’s streaming (short-form) entertainment content at fraction of the cost if produced outside its own studios. Grom’s subsidiary Top Draw Animation is a first class animation studio in the Philippines with over 500 artists producing some of the most iconic product for the major media and entertainment studios worldwide, such as Tom and Jerry & Jerry for Slap Happy Cartoon, The Hollow, Monster Beach, Jungle George Penn Zero and My Little Pony. Disney Television Animation, Warner Bros, Nickelodeon, Cartoon Network, Scholastic and Hasbro Toys are among its prestigious list of clients.
Grom Education Services provides web filtering, online activity monitoring and an educational digital citizenship license course that teaches kids how to be good digital citizens. Since its inception the Company has had over 2 Billion filtered web attempts, by over 2 million children in 1000+ schools.
All in all, GRMM has one of the most interesting and high potential portfolios we’ve run across in an OTC-traded stock in quite some time. Next we’ll illustrate where it stands from a technical perspective.
Please click below to view a short video presentation on the GRMM chart:
We also strongly urge you to view this Interview with Darren Marks, CEO of Grom Social, wherein he discusses the growing user base of the platform with its exclusive streaming content and various kid-safe web and mobile apps.
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