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Yep. Seems sketchy. They’re desperate for cash. Not a good look. This is why it’s important to have revenue
Just read the twitter for the ticker for the first time ever. Looks like the owners (primarily the CEO) of PMR will be assigning themselves 3.5B shares to merge it in. I underestimated, though it was at a higher PPS (less stock). The CEO also says he isn't going to sell stock, he's going to get a loan against his stock holding in the company. Here's a thought... the company doesn't own the CEO's stock, the CEO does. Any loan using the CEO's stock as collateral would be to the CEO (as the owner of the stock), not the company. I guess he could take out a loan and then loan it to the company under different terms... But he seems to think the stock he'd hold would be more valuable as collateral than the company (or its assets) for the loan. No idea what he's thinking.
But then, I have no idea, if PMR believes its accounts receivable are real and truly collectible, why they want to go public in the first place (the owners would be sitting on a goldmine they own exclusively if it is real and collectable), and why they're looking to take out loans or sell stock to raise a paltry $5M. None of that adds up.
The owners of PMR will wind up with 2.5B - 3B shares, maybe more, for this "acquisition" if they're going to claim a value in the $100's of M's.
Nobody cares about the market cap. That’s not how the OTC works. It’s all hype driven. Plenty of valuable companies that have unnecessarily low pps and crappy pump and dumps with absurd valuations.
Most investors care about making a quick buck and then moving on. Looks like the wind has left the sails on this one.
Sub penny incoming imo.
They went from 400,000,000 to 5 billion!!
Why????
5 billion is outrageous.
Yesterday the market cap was $11.0 million, today it’s about $7.0 million. It’s SEC REPORTING, PQE ~ YES. If they take it down tomorrow again, it’s the deal of the century.
Recent high was .45. Please, bring it down to a nickel tomorrow or Thursday. Please!!!
Kinda reminds me of when they brought down TESS-ORO from .359 to .077 in November of 2020, 80% retreat. Then to $1.93 from there!!
Increasing Authorized shares is NON-Dilutive, it just means that anytime in the next 99 years that additional shares can be issued. That’s it. For all practical purposes, it really doesn’t mean a thing right now.
What it does say though, if you read between the lines, is that the young CEO is thinking BIG!! I like that!!
From the looks of it, it appears that the market doesn’t understand the basic concept of AUTHORIZED SHARES vs. OUTSTANDING SHARES.
Nowhere in the tweet does the CEO say anything about diluting the company with more outstanding shares. What it does show in the tweet is that the young CEO is moving “as fast as lightening”.
“Buy the dips, Sell the Rips” as they say in the OTC. I’m looking forward to buying more tomorrow if it goes down much further. In fact, I want the uneducated to sell more tomorrow so I can buy this sub $10.0 million market cap SEC REPORTING, PQE YES ticker in the single pennies.
Buy the dips, sell the rips!!!
Only if the company dilutes.
Did we just lost all here? 5 Billion AS approval is not a great news.
“excellent bottom call!!”
Oops
BAWHAHAHA
Under a penny is only a $660,000 market cap for a SEC REPORTING COMPANY with a PQE YES!! Bring it!!!
I'll keep Bidding. Plenty of ammo....
Maybe. Maybe not. Has nothing to do with my point though
Waiting for the low teens and below..who say that will not happend?
Patient pays off.
GOING UNDER A PENNY NOW
Yep, gotta have enough room in the O/S to acquire PMR for what its owners believe it's worth. If PMR believes it is worth $400M at today's PPS, they'll need 2.5B shares to "buy" it.
While we await the filings giving the acquisition/merger agreement and the detailed audited financial reports (which should show the origin of the alleged $400M in accounts receivable) of PMR for the last 2 years, how about a throwback to when the CEO attempted to take control over IFLM:
https://www.otcmarkets.com/filing/html?id=13647773&guid=T7k-kWWZmOOCJth
Scroll down and read the stated intent. What was overlooked was the CEO of IFLM owned a control block of preferred shares, meaning he could outvote the common shareholders under any scenario....
AS to increase to 5 billion
https://twitter.com/ProMusicRights/status/1551992154205061120
Beautiful :)
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
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