Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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
The "6 or more month" reference pertains to the lock-up period of the $5.5M restricted Pro Music Rights shares from the private placement last month.
6 months? Until the deal is documented and closed, NUVG doesn't own PMR. And material events for SEC filers do require an 8K with detailed information when an acquisition is made within 4 days.
I love having a retired CPA on the Board!!!
QTRADERQ
Future event 6 or more months down the road. Live in the present and BANK with us.
JMO
It's hard to believe some are worried about future events. The technicals are screaming a rip your face off squeeze. LMAO
https://www.barchart.com/stocks/quotes/NUVG/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);RSI(14,100);STOSL(14,3);ACCUM;CCI(20,100);SMA(50);ROC(10);MFI(14,100);PTP(50);SMACD(12,26,9);OBV;CHKMF(20)&sym=NUVG&grid=1&height=500&studyheight=100
JMO
Who cares!! We'll all be gone after $NUVG hits $3.00, $5.00 or $10.00. You're spreading fear on some event 3, 6 or 12 months down the road. Buy some shares and make bank. Pretty soon ALL LONGS will be green. And other fence-sitters will still be fiddling the fingers
JMO
Link? You don't sound too sure of yourself lol.
Based on audited financial statements at 12/31/21 book value is $4.83, and $6.20 at May 31, 2022. I'm looking for $3.00 in the next few weeks. A 10-bagga from current levels.
JMO
It's all collectible according to the CPA auditor who dropped the Going Concern paragraph and issued a clean audit opinion. Just because it's not been collected "ON YOUR TIMELINE" does not mean it's not collectible.
Meanwhile, Pro Music Rights raised $5.5M on 6/28/22 from accredited investors to hold the company over until they begin to collect on their Accounts Receivable balances. These shares are restricted for 6 - 12 months.
So, without the immediate need to issue stock.. that leaves us to HAVE A MASSIVE SHORT SQUEEZE. It's gonna be painful for anyone betting against Jake Noch.
Book value based on audited financial statements at 12/31/21 is $4.83, and $6.20 at May 31, 2022. I'm looking for $3.00 in the next few weeks. A 10-bagga from current levels.
JMO
Massive short squeeze coming. 5.4M float
BWAHAHA
https://media.giphy.com/media/LmCYGjPpr1SDS6FqZX/giphy.gif
Talking about the owners of PMR. Allegedly, worth $400+M, and they'll have to be given stock for its value since NUVG has no money.
The owners of $NUVG have already been compensated. They got .0118 on 37,900,000 shares and the millions of shares that still hold, probably 10-15 million shares, went from .01 to .30 already and will go much higher.
It’s a dream come true for them. They almost went out of business and now they will make 10’s of millions of dollars.
I think they did pretty well.
.
Looking great here!!
Followers
|
169
|
Posters
|
|
Posts (Today)
|
4
|
Posts (Total)
|
10617
|
Created
|
02/04/11
|
Type
|
Free
|
Moderators tdbowieknife Dragon Lady |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |