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Nice! and thank you. Did you see their proposed NASDAQ symbol on page 7.
UPDATED: Pro Music Right reverse merger into $NUVG $NUVG Low Revenue Currently as we had some cash flow issues During Covid-19, However, we have already started on collections with a great success rate & have 1.2B+ USD owed to the company over the next five years, we are in the process of trying to get - pt1 https://t.co/HoHS3nnaoH Here’s an excerpt from Pro Music Rights now withdrawn S-1/A before they bought the control block in $NUVG $NUVG Currently there are no plans for a Reverse Split - we were initially reviewing if a forward slipt might be needed due to historically low volume but The past 24 hours have changed my thoughts on that drastically.
Here are the basics.
Their twitter page is very active. I suggest you go through it to get a feel for their style. @ProMusicRights
This is their OTCM page, but it’s being updated. Most of the info on it is from the previous company. That has already started changing though. You can already find Jake Noch as CEO.
NUVG - Nuvus Gro Corp | Company Profile | OTC Markets
Their share structure is amazing. Only 67 million outstanding shares, and most of that is restricted
Announcement of the reverse merger https://finance.yahoo.com/news/pro-music-rights-inc-one-123000803.html
Announces Jake Noch as new CEO of NUVG
https://www.prnewswire.com/news-releases/pro-music-rights-inc-announces-jake-p-noch-as-new-ceo-of-nuvus-gro-corp-otc-pink-nuvg-301590705.html
Qualifications of Jake Noch
https://files.brokercheck.finra.org/individual/individual_7323097.pdf
This is an important tweet about their value and share structure going forward
This from BEFORE Pro Music rights bought the controlling block in $NUVG.
As you can see, assets were rising year over year, and this fits with the most recent valuation in May 2022 of 414 million dollars
It can be found here
https://www.sec.gov/Archives/edgar/data/0001831925/000121390022019488/ea158372-s1a3_promusic.htm
Thank you @CorbellSherri
This can be found here: https://t.co/rO2NzWY4SV pic.twitter.com/MCkpzT0P9N
Here’s a reply to a person on twitter stating that he is not diluting
Also, there are no plans for a reverse split
They are moving quick. They stated they’d get this form filed and they did https://www.otcmarkets.com/filing/html?id=15961418&guid=WKU-knejEd9kdth
You’ve seen the numbers.
414 million dollars in assets.
1.2 billion dollars in collections in the next five years.
All squeezing into 67 million outstanding shares with no plans for dilution or changing the SS.
This reverse merger isn’t an “IF”. It’s a done deal and the paperwork is being filed.
I will not even get into the multiples on the stock price. I’ll let others discuss that. But this is worth TEN’s of dollars per share.
Alright. Just for you, I will.
I’m also going to add this gem I just discovered
This from BEFORE Pro Music rights bought the controlling block in $NUVG.
As you can see, assets were rising year over year, and this fits with the most recent valuation in May 2022 of 414 million dollars
It can be found here
https://www.sec.gov/Archives/edgar/data/0001831925/000121390022019488/ea158372-s1a3_promusic.htm
Thank you @CorbellSherri
Here’s an excerpt from Pro Music Rights now withdrawn S-1/A before they bought the control block in $NUVG
— Sherri Corbell (@CorbellSherri) July 23, 2022
This can be found here: https://t.co/rO2NzWY4SV pic.twitter.com/MCkpzT0P9N
Yes. I thought about putting it in, but with the share structure so small to begin with, I didn’t think it would have been on the table anyway.
$NUVG
There are currently no plans for a RS as per Pro Music Rights/$NUVG
https://twitter.com/ProMusicRights/status/1550179832985681920/photo/1
Thank you.
$NUVG
Fantastic post! Glad you became a mod and stickied it! Looking forward to the weeks ahead. $NUVG$
$NUVG and the Pro Music Rights reverse merger. Here is the basic DD. $NUVG Low Revenue Currently as we had some cash flow issues During Covid-19, However, we have already started on collections with a great success rate & have 1.2B+ USD owed to the company over the next five years, we are in the process of trying to get - pt1 https://t.co/HoHS3nnaoH
Their twitter page is very active. I suggest you go through it to get a feel for their style. @ProMusicRights
This is their OTCM page, but it’s being updated. Most of the info on it is from the previous company. That has already started changing though. You can already find Jake Noch as CEO.
NUVG - Nuvus Gro Corp | Company Profile | OTC Markets
Their share structure is amazing. Only 67 million outstanding shares, and most of that is restricted
Announcement of the reverse merger https://finance.yahoo.com/news/pro-music-rights-inc-one-123000803.html
Announces Jake Noch as new CEO of NUVG
https://www.prnewswire.com/news-releases/pro-music-rights-inc-announces-jake-p-noch-as-new-ceo-of-nuvus-gro-corp-otc-pink-nuvg-301590705.html
Qualifications of Jake Noch
https://files.brokercheck.finra.org/individual/individual_7323097.pdf
This is an important tweet about their value and share structure going forward
Here’s a reply to a person on twitter stating that he is not diluting
They are moving quick. They stated they’d get this form filed and they did https://www.otcmarkets.com/filing/html?id=15961418&guid=WKU-knejEd9kdth
You’ve seen the numbers.
414 million dollars in assets.
1.2 billion dollars in collections in the next five years.
All squeezing into 67 million outstanding shares with no plans for dilution.
This reverse merger isn’t an “IF”. It’s a done deal and the paperwork is being filed.
I will not even get into the multiples on the stock price. I’ll let others discuss that. But this is worth TEN’s of dollars per share.
Yeah. This is ridiculously ginormous. I honestly just understand why this isn’t already in dollars. I guess in due time. There is going to be a crazy correction when the big boys get here.
$NUVG
It’s just some traders that picked up shares earlier today at .25-.26, cashing out for pennies while we hold for multi-dollar, maybe even double-digit dollars!!!
A Change of Control Form 1-U was filed this afternoon
$NUVG it's been sent out https://t.co/SOKS419LTF
— Pro Music Rights (@ProMusicRights) July 22, 2022
Except this company claims a value in the 100’s of millions, so giving away any equity to shareholders of a dead company will never be cheaper. Plus, this company had already prepared its S-1 and a couple revisions, sunk costs.
And it still doesn’t answer the avoided question of why this company wants to go public in the first place. If the value was true and verifiable, it would be a cakewalk to get favorable terms on financing of a mere $5M from an institution or venture capitalist.
When you RM a company saves on IPO fees to Wall Street firms and keeps much more equity than if they had IPO’d. That’s a fact.
Have you ever heard of the CK*X / SPE*A reverse merger? You should look it up. That was later referred to as the Elvis Presley company, and subsequently bought American Idol. SPE*A stockholders made a fortune.
ONE O’CLOCK that is huge!!
$NUVG had recurring monthly REVS of $83 mil In 2021. That’s a billion $$ in trailing annualized REVS.
Apply a 2x - 3x REV multiple and Pro Music Rights/$NUVG is looking at a $2B - $3B market, or $30 - $45 stock price.
(No wonder ZARDIW algorithm showed a factor of 8,735.)
Stocks normally trade at twice book. So $6.20 X 2 = $12.40. Add in the revenue, projected revenue growth and account receivables, and you could see a Tessoro TS+NP type EPIC run!!! 20, 40, 60 fold run possible here…
So what? Not interested in rare exceptions, especially when this company initially filed an S-1 to go public, sell stock 500M shares at $0.01 for $5M), then filed a Reg D form to do the same. Companies go public to sell stock.
You could list hundreds of companies that went public that didn’t have to. Primary reason they do is for expanding or adding additional business ventures. Or as you stated, to raise capital.
Especially with the continuous communication on twitter. $NUVG
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
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