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Last Post: 3/23/2020 10:45:20 AM - Followers: 75 - Board type: Free - Posts Today: 0

Pulse Evolution Group, Inc.

Company Website:

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Recent Filings (SEC Link): https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001484769&owner=exclude&count=40&hidefilings=0

Nature of Business (from 2018 10K)
Pulse Evolution Group, Inc. is a developer of hyper-realistic digital humans – computer generated assets that can be distributed across the full spectrum of traditional media and emerging display technologies, including live entertainment, virtual reality, augmented reality, mobile, interactive and artificial intelligence applications. The Company’s business plan is to generate revenues through the development and deployment of digital human characters, and related software, but also through roll-up acquisitions within the digital human industry. The Company believes it has the opportunity to make strategic acquisitions of technology and revenue-generating companies, to become a dominant global leader in a sizable and lucrative digital human industry that is, thus far, largely unrecognized as an industry.
On August 8, 2018, the Company entered into a share exchange agreement to acquire up to 100% of Evolution AI Corporation (“EAI”), a development stage artificial intelligence company, which included EAI’s 58% interest in Pulse Evolution Corporation (“PEC”). PEC is a globally recognized pioneer in the development of hyper-realistic digital humans for live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications. PEC’s principals are most popularly known for producing some of the most visually stunning digital humans in the history of entertainment, including the Academy Award lead character in The Curious Case of Benjamin Button (2008), the digital alter-ego of Jeff Bridges in Tron: Legacy (2010), the holographic performance of ‘Virtual Tupac Shakur’ at the Coachella Valley Music Festival (2012), and ‘Virtual Michael Jackson’ at the Billboard Music Awards (2014). Currently, we indirectly own a majority of the issued and outstanding common stock of PEC through EAI. Pursuant to the terms of the closing agreement, the Company became a 99.7% owner of EAI. The Company accounted for the transaction as a business combination using the acquisition method of accounting based on ASC 805 — Business Combinations, which requires recognition and measurement of all identifiable assets acquired and liabilities assumed at their fair value as of the date control is obtained. The Company determined that it was the accounting acquirer under ASC 805. This determination was primarily based on existing management of the Company retaining 4 of the 5 seats on the Board, the provisions of the voting rights agreement entered between the Company and the principal founder of EAI, and the operating management continuing in key roles following the business combination.
We believe that digital humans will be ubiquitous in society, culture and industry. In the last decade, hyper-realistic digital humans have performed in movies such as The Curious Case of Benjamin Button or on stage such as the virtual performance of a digital Tupac Shakur at the Coachella Valley Music Festival. We expect that, in years to come, digital humans will not only perform for audiences on stage and in film, but they will also represent individual consumers as digital likeness avatars, in realistic and fantasy form, appearing and interacting on the consumer’s behalf in electronic and mobile communication, social media, video game, virtual reality, and augmented reality. The Company’s long-term goal is to be the ‘face’ of artificial intelligence, to provide a human form to interactive artificially intelligent computer beings that will be common in society, providing useful information and services to people in diverse industries, such as education, health care, telecommunications, defense, transportation and entertainment.
Our leadership team is currently focused on applications of digital humans in entertainment. We believe the entertainment industry provides us with attractive near-term opportunities to put digital humans to work in proven performance-oriented business models, while also allowing us to use the visibility of our globally recognized celebrities to showcase our digital human technologies and their applications across other industries. Accordingly, our current business plan is to generate revenues from our digital human representations of some of the world’s best-known living and late celebrities through their appearance across a diverse array of display mediums, such as live entertainment, film and television, video games and mobile applications.
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#6748   FBNK merges with FuboTV. https://variety.com/2020/digital/news/fubotv-facebank-m Jbac12 03/23/20 10:45:20 AM
#6747   Im liking what I am reading also. Werbe 10/03/19 01:13:05 PM
#6746   I think they are really on to something. Orion777 10/01/19 07:32:07 PM
#6745   Pulse Evolution Group Inc., DGLF, changed to FaceBank Renee 09/27/19 05:20:32 PM
#6744   Pulse Evolution Group becomes Facebank Group as Europe Golden_Cross 09/27/19 04:55:46 PM
#6743   wrong - it can still be defamatory. it's RandomWalk44 08/30/19 11:59:22 PM
#6742   by definition, anything written in a complaint and 236T568 08/22/19 02:03:29 PM
#6741   Too many details to post, so here is RandomWalk44 08/19/19 10:05:33 AM
#6740   2nd Qtr Stock Issuances and Pricing, from 10-Q RandomWalk44 08/19/19 10:02:27 AM
#6739   DGLF News - Floyd Mayweather Deal RandomWalk44 08/19/19 09:57:54 AM
#6738   Lawsuit dismissed in Favor of Pulse, says 10-Q RandomWalk44 08/19/19 09:53:48 AM
#6737   Updates would be nice. Hanging your company on Orion777 07/01/19 05:25:24 PM
#6736   I wish they would get back to updates DISTATRADE 06/30/19 11:09:43 AM
#6735   Up 30% and running.... This is going to be DISTATRADE 06/12/19 12:27:24 PM
#6734   $DGLF News! deri21 06/10/19 02:05:13 PM
#6733   They raised their O/S to 22M and they modes948 06/07/19 04:52:15 PM
#6732   Excellent news. Thanks for posting! Orion777 05/24/19 06:55:29 PM
#6731   Wishes granted! Go $ DGLF $ !!!! DISTATRADE 05/24/19 05:42:21 PM
#6730   News out, all convertible debt paid in full Jerm17 05/24/19 03:40:49 PM
#6729   I wonder how many similarities are involved in DISTATRADE 05/13/19 10:20:39 AM
#6728   Why not just buy PLFX? It's the exact GngLong 05/11/19 02:29:20 PM
#6727   Wow! Everyone who posted here when this was Orion777 05/10/19 09:00:42 PM
#6726   Yeah Distrade, what they do is fascinating - Orion777 05/09/19 07:32:04 PM
#6725   I’ve been long here for the last year, DISTATRADE 05/09/19 05:20:57 PM
#6724   DGLF - buy while it's still cheap. This Orion777 05/06/19 05:58:20 PM
#6723   Reversal in progress. If this hits the breakout Orion777 05/06/19 04:51:08 PM
#6722   Moving back up from the looks of things. Orion777 05/02/19 07:14:54 PM
#6721   Yes, I’m down 34% as well. I have DISTATRADE 04/27/19 10:07:45 AM
#6720   If you were in before the RS then Orion777 04/27/19 09:38:42 AM
#6719   Great move up this week! DISTATRADE 04/09/19 12:25:34 PM
#6718   $DGLF Broadway Asia taps Pulse Evolution for DreamWorks' Kung deri21 04/08/19 09:46:38 AM
#6717   New York, NY, March 27, 2019 (GLOBE NEWSWIRE) deri21 03/27/19 09:10:44 AM
#6716   Effective March 27,2019 BTOPD will change to DGLF: Renee 03/26/19 08:06:57 AM
#6715   Nice to know they’re staying true to the DISTATRADE 03/14/19 10:28:58 AM
#6714   Nice news! Thank you. I see the penny DISTATRADE 03/14/19 09:31:21 AM
#6713   Conference call yesterday. Tender offer will still happen Traderfan 03/14/19 09:28:07 AM
#6712   Looking forward to amazing things from $ BTOPD $ DISTATRADE 03/07/19 06:04:34 PM
#6711   *divide slb5150 02/28/19 11:32:27 AM
#6710   Recall Studios Inc. changed to Pulse Evolution Group Renee 02/27/19 05:09:39 PM
#6709   That means decide your shares by 30 and smitter 02/27/19 12:04:05 PM
#6708   What does that mean ??? Hopeful1037 02/27/19 11:37:37 AM
#6707   BTOP Finra 1-30 RS smitter 02/27/19 09:41:34 AM
#6706   $BTOP Recall Studios Presentation at NobleConXV Investor Conference deri21 02/19/19 08:01:52 AM
#6705   Big changes in the next few days. By GngLong 02/13/19 01:00:56 PM
#6704   He refers to the already announced tender offer Traderfan 02/12/19 11:51:47 AM
#6703   No mention of PLFX buyout price. modes948 02/11/19 06:08:25 PM
#6702   They have now posted the CC. modes948 02/11/19 05:47:02 PM
#6701   Thanks Traderfan! I appreciate the information. Scaling 01/31/19 10:22:21 PM
#6700   Thanks Traderfan! I appreciate the information. Scaling 01/31/19 09:50:03 PM
#6699   Do you know terms of the agreement to Traderfan 01/31/19 02:54:00 PM