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Thanks, CJ.
$NUVG
I did..excellent bottom call!!
Agreed $$$
$NUVG
Q..jumped in..and out.. made a few bucks.. watching.
Just let it unfold we are going dollars
Reread the post, and calm the 4ell down.
$NUVG down on market makers collecting shares!!
Jake’s stock is RESTRICTED. He can’t sell. And if he did, AS AN INSIDER, he has to sell under Rule 144 and DISCLOSE IT TO THE SEC AND THE PUBLIC AT LARGE. Don’t you know how this all works and what RESTRICTED SHARES ARE AND HOW INSIDER SELLING HAPPENS??
Oh boy!!
Look right below this post, form u1. Or
https://uk.advfn.com/stock-market/USOTC/NUVG/share-news/Form-1-U-Current-Report-Pursuant-to-Regulation-A/88657223
I believe you are incorrect
Did I see where Jake bought his shares for a penny each. Wonder when he will start selling?
I’ve heard including myself several are block from seeing the tweets. I believe this makes his Twitter account illegal to use to communicate with investors.
Thanks for 157,000 more under .20. ):
$NUVG pic.twitter.com/TCuDD73J2T
— Pro Music Rights (@ProMusicRights) July 25, 2022
Yes, THE CHART SHOWS double bottoming. I loaded up!!!
SUPER CHEAP SEC REPORTING company.
Bahahahaha!!!
I've damn near been the Bid by myself since the open
Market makers collecting shares
Thank you ... I changed it to "blue" now ... ;)
Not yet. It's due by tomorrow. Why the double bold red?
JMO
Is there an 8-k filed with SEC to confirm the deal?
Hypothetically, even if 400M common is paid to Pro Music Rights, that's makes $NUVG book value $1.00 with no multiple.
JMO
Smart money is accumulating these cheapies for the big reveal today or tomorrow.
JMO
Bidding ALL of it down here!!
Ummmmmm
Look at the chart…
BAWHAHAHA
$11.0 million market cap SEC REPORTING COMPANY.
PQE: YES
Ha!!
$11.0 million market cap SEC REPORTING company. .20, what a cheap riot!!
Picked up some this morning..nice reset...
Bottom is in. Up we go
Bidding what I can down here. .20 is a joke
Hi Keith, what's going on with this play thanks
Like all of them, it’s a trade. How long that trade lasts will be up to Jake. I believe he knows how to keep interest going though. We’ll see. All this other stuff people are arguing about is pointless. It’s all reflected in price action at the end of the day.
The disclosures will have far more detail about the cashflow and balance sheet, including the real revenue number (ie - can't just say "minimal"), and the origin of the accounts receivable. Given the lawsuits that have been filed against nearly every streaming service on the planet, lawsuits that were dismissed, I expect we'll get a clear picture of why stock is being sold instead of collections of accounts receivable.
Jake has 98.9% of PMR. It's right on page 37 of the S-1/A. The Reg D offering did not specify share count, and (interestingly) they declined to disclose revenue/net value range.
NUVG will have to give value to the owners of PMR to acquire it. Take whatever the value is alleged and the PPS and do the math. That O/S won't hold it all, not even close, and even preferred shares would have to be convertible or it wouldn't be full value (the CEO already has voting control). If less than full value is given, that would mean PMR's value isn't what it's made out to be.
You cannot do "value" or PPS math until you know what the O/S is really going to be, NUVG's O/S owns nothing right now.
You gotta love a CEO who asks his shareholder's if they have any questions on Twitter. I wish more CEO's were as transparent as Jake Noch.
$NUVG Does anyone have any questions? https://t.co/T3pCUOIIGR
— Pro Music Rights (@ProMusicRights) July 22, 2022
I believe Pro Music Rights will receive a combination of common and preferred shares for their $414M in assets- as I explained in my post below. Afterwards, if my assumptions are reasonably correct, NUVG should be worth between $1.23 - $2.46. JMO
Read
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169485216
As you indicated, the 8-K and Form 10 disclosures are due by end of day on July 26th.
These filings will include:
A. 2 years audited financial statements of PMR for 2020 & 2021;
(These numbers were already provided in the S-1/A filing. Here they are again:
12/31/20 - Accounts Receivable balance - $107M
12/31/21 - Accounts Receivable balance - $323M
B. 1Q & 2Q 2022 unaudited financial statements;
As per the CEO's tweet on 7/21/22, we know the assets as of 5/31/22 were $414.4M. We do not know the liabilities but I presume they are not material.)
C. Proforma combined financials for the two entities;
(This is not important since NUVG's expenses, assets and liabilities are immaterial.)
D. A detailed company description; and
E. Executive compensation disclosures;
(These items were already provided in the S-1 filing.)
F. A description of the "exchange shares" to be paid by Nuvus Gro Corp to Pro Music Rights, Inc.
The "exchange shares" which $NUVG will issue to Pro Music Rights, Inc will either be Common, Preferred, or both.
(I think it will be a combination of both.)
Here's NUVG's Current Stock Structure:
Common - 66,945,290 OS and 400M AS (as of 7/18/22)
Preferred - 3,246,666 OS and 100M AS (as per NVSOS)
In the S-1, the CEO, Jake Noch has ~56% OS of Pro Music Rights, and the executives of the company have an additional 4% OS. A total of 60% OS. and the remaining 40% is Treasury Stock of the PMR corporation.
Therefore, I believe the exchange shares will consist of two components: Common + Preferred
A. 60% of NUVG Common authorized shares will be split 56% to Jake, and 4% to executives. (Just as they did at PMR since Jake wants 56% OS so he can keep voting and majority control of NUVG.), and
Plus..
B. X number of NUVG Preferred authorized shares of NUVG to be issued to Jake. There are currently ~97M Preferred which could be issued. I could not find a conversion rate in the old filings. In my example, I presume its 1:1 conversion and he receives 97M Preferred.
So, in total Jake (and PMR Executives) are receiving 240M Common (400M AS * 60%) plus 97M Preferred's for a total of 337M fully diluted shares.
Based on $414M in assets as of May 31, 2022 divided by 337M fully diluted shares equals a book value of $1.23. At a 2x book value multiple, that's $2.46.
We closed at $0.30 so there's lots of upside to get to $1.23 - $2.46 based on the assumptions I made in determining the exchange shares.
Since Jake has indicated (in a tweet) his shares are equivalent to being restricted, the low float of 5.4M shares would remain the same.
JMO
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