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Guaranteed this goes to multiple dollars. The big boys will come in soon.
$Nuvg
Couldn't care less. If this company had a real accounts receivable of $323M against no liabilities, there'd be zero reason for this company to go public. Companies go public to get access to the capital markets, sell stock, and raise money. Why on earth would a competent business person plunk his company into a dead stinky pink OTC company and hand over part of its ownership to that OTC company's shareholders? He owns all of the private company, why give any of it away?
He says he needs to raise money. Did an S-1/A and then a Reg D offering. Seems the odds of collecting up that $323M is rather low.
One of the principles of GAAP Accounting is "conservativism". Had the company booked an 'Allowance for Doubtful Accounts' against those receivables, then I might agree with you. As it stands now, all of the receivables are collectible according to their CPA audit firm.
... and "YES", I am a retired CPA.
JMO
I think every educated investor here knows what exactly is suspect & cringy.
Yeah, right. They say in their S-1/A they might just not be able to collect on those "accounts receivable" claims.
When the float is tight like it is, this is how MM's shake loose retail shares. Get used to it as we climb to book value of $6.20.
JMO
Could be news before market open on Monday. Dangerous strategy.
It’s a $20.0 million dollar market cap reverse merging with a company with over $400,000,000.00 in assets. Be real. Stock will go into dollars.
Jeesh.
lol ok just some friday sellers is all
might not even survive the .20's
Can we close in the .40s $NUVG$
Ok. I'm rooting for you. Go WINNAAR123!!!
Have a great weekend
I will wait for that till monday, so i have more powder to buy...lol.
~MOASS coming~ 5.4M float
The DTC is a depositary of stock certificates (certs) whose purpose is to facilitate electronic settlement.
As you may recall, when you opened a brokerage account you had the option of allowing your brokerage to hold your certs. If so, your certs are now held at the DTC. For all others, they receive 'hard copies' of their certs.
When it comes time to sell.. the former group of investors simply places a trade; whereas, the latter group, needs to actually locate and mail in their paper certs.
So, for all practical purposes 5.4M is the float. But potentially that number could rise to 12.6M shares but not likely (the unrestricted number)
Let’s look at the share structure a little better.
Authorized Shares
400,000,000
They are only 66,945,290 Outstanding Shares.
That’s very low.
54,265,142 shares are RESTRICTED. That’s about 82% of shares can’t even trade.
12,680,148 are UNRESTRICTED. That’s only 18%.
5,451,752 are held at DTC, I’m presuming that this could be the float, which means that these are the tradable shares in the marketplace. Which isn’t much.
The FLOAT, until updated was 705,650 shares, but that was in 2019 and probably not accurate.
Given that the book value of the company was quoted today her at $6.20, the rule of thumb on Wall Street is that stocks normally trade at twice book value. Using that rule of thumb, we can expect the stock value to be around $12.40 after the reverse merger is completed.
If the stock is at .30 today and the target price is $12.40, you divide the $12.40 by .30 and you get an estimate of return on investment, ROI.
Answer: 41.33 fold or 4,133%, from here today.
What’s also very interesting is that on July 18th, this past week, on Monday, EVERYTHING was updated by the company. Why? Because they are getting everything in order to COMPLETE A REVERSE MERGER!!
Authorized Shares
400,000,000
07/18/2022
Outstanding Shares
66,945,290
07/18/2022
Restricted
54,265,142
07/18/2022
Unrestricted
12,680,148
07/18/2022
Held at DTC
5,451,752
07/18/2022
Float
705,650
06/20/2019
$NUVG has only a 20.0 million market cap. It’s reverse merging into a company that has over 400,000,000 in assets. It’s already showing PROMUSIC RIGHTS in Naples, Florida as the owner of the company.
3811 Airport-Pulling Road North
Suite 203
Naples, FL 34105
promusicrights.com
8332277683
Investors@promusicrights.com
https://www.otcmarkets.com/stock/NUVG/profile
It’s the most beautiful shell that I have ever seen. Most of the shares are RESTRICTED, not trading. Has an awesome AUTHORIZED SHARE number, 400,000,000.
Market Cap Market Cap
17,740,502
07/21/2022
Authorized Shares
400,000,000
07/18/2022
Outstanding Shares
66,945,290
07/18/2022
Restricted
54,265,142
07/18/2022
Unrestricted
12,680,148
07/18/2022
Held at DTC
5,451,752
07/18/2022
Float
705,650
06/20/2019
The FLOAT number is from 2019, and looking at the trading volume, it’s gotta be higher, but whatever it actually is, it’s a super low number because 80% of the outstanding shares are RESTRICTED.
The DTC number may be the actual FLOAT.
Look for a FLOAT update in the next few weeks.
We need the 8K to confirm the deal. That is why no one is adding.
TRADING 101
$NUVG
Got it
From .11 to .19 ??
Awesome
I said teens and it hit yesterday. Hope you grabbed some.
$NUVG
Exactly
Hahaha
You took the words right out of my mouth
I’m drooling for .225 hahaha
So we’re NOT going to .15 ?
Trading 101
Agreed. Just a little more consolidation on a healthy Friday.
$NUVG
I love how TheWhale describes $NUVG, the Share Structure and the BIG REVERSE MERGER CANDIDATE, that he's never seen anything like this before in his life. Me neither. I’ve never seen anything like this BIG reverse merger and the UNBELIEVABLE share structure…in…my…LIFE on the OTC. IT’S FREAKING UNBELIEVABLE!!!
Everyone that owns shares here is WAY, WAY E A R L Y!!!!!
C'mon WINNAAR, say something scary to make the stock go down. I want to buy more at $0.225 :)
$NUVG has a $6.20 book value
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169470073
There’s no float, only 705,650 shares!! That’s a ridiculous low float!! When news hits, this is going to rocket, there are no shares to buy!!!
Supply and demand. When demand is high and there is no supply, it’s over!! Rocket ship!!!
OTC Markets profile updated ...
https://www.otcmarkets.com/stock/NUVG/profile
Rip and dip...just like yesterday
Book value for $NUVG is $6.20.
lol .31 walking on up
My average cost is $0.218. All my orders from yesterday filled. Praise the Lord!
Let's hope you get more cheaper shares...special on friday!
Pro Music Rights assets at $414.4 Million wow...
$NUVG PT2 - Trade Credit Insurance to prevent the company from having to face the credit risk of our downstream licensees going forward in the future - The Company's unaudited balance sheet however does have 414.4M USD of assets on it as of May 31, 2022 -
— Pro Music Rights (@ProMusicRights) July 21, 2022
I got filled at .1897. Give me more.. please!!
or .10 cents...who knows!...it touch yesterday already .17
That's one hell of a factor!!
$NUVG Backed by Outstanding Fundies............
Z
Yeah, sure, except the settlement amount wound up being 56,363,107 shares of stock that were unregistered. Mr. Noch filed another suit, since he couldn't do anything with those shares, and then later withdrew.
See pages 8 and 10 of this financial disclosure from the company:
https://www.otcmarkets.com/otcapi/company/financial-report/312468/content
Not quite, pay attention to this paragraph:
$NUVG Well here’s another one and maybe where some asset money came from!! Could also be why the deal is so big….
$NUVG Well here’s another one and maybe where some asset money came from!! Could also be why the deal is so big…. pic.twitter.com/5FwOKPEoTq
— Doughboy55 (@Doughboy5531) July 22, 2022
Spotify enters settlement negotiations with Pro Music Rights founder - Music Business Worldwide! Reading this article I’m beginning to think this is where a lot of the 1.2 billion in payments will be coming from over the next 5 years!!! $NUVG
Spotify enters settlement negotiations with Pro Music Rights founder - Music Business Worldwide! Reading this article I’m beginning to think this is where a lot of the 1.2 billion in payments will be coming from over the next 5 years!!! $NUVG https://t.co/15DeIb5nbG
— Doughboy55 (@Doughboy5531) July 21, 2022
E P I C Forward Split more likely, 10:1. OTCmarkets has the FLOAT at 705,650. Only 60.0 million shares outstanding. $15.0 million market cap going north of $400.00 million. This could do a TS*P type run. Tess-Oro.
80% + of the shares are RESTRICTED.
Can’t believe my eyes when I look at this…
https://www.otcmarkets.com/stock/NUVG/security
$16.0 million market cap at todays close. That’s ridiculous!!
It’s SEC REPORTING as well.
PQE Status
Yes
PQE Reason
Piggyback Qualified - SEC Reporting (Reg A)
https://www.otcmarkets.com/stock/NUVG/quote
40-80 fold from here.
Yes the awareness will only continue to grow. $6 book value!
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