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Anyone heard anything on the electric airship? Have to be getting close to full test flights and updates from $UMAV?
$UMAV is a major sleeper play, just desperate to run. The ONLY missing piece is volume. A week of 20-30M in volume could take us to multi-dollars IMO. Reminds me a lot of MTRT and others that have gone from the lower pennies to dollars. Good management, real product, good connections/contracts, and a nice story. It's coming IMO.
Good news for sure. Just need dilution to slow down and can be a nice mover.
Hoping so, jedi. Be nice to see this end the week green and on strong volume setting up a nice run next week. $BRGO.
Yep—GHS is all he could get after MONTHS of raising expectations of non dilutive funding? Then, a big slap in the face—no holding period or restricted shares.....tons of promises on Soundstr that never came to pass in the originally laid out timeframes. Very disappointed in Zach.
Unfortunately I too have seen my account go down, big. This last news on funding was very disappointing because it appears to be toxic and likely to lead to dilution for VNUE holders.
Excellent post. Your posts are a beacon of clarity and truth. Much appreciated.
I’ve raised a lot of these same points though not as eloquently. Bottom line, price doesn’t lie. For months, we heard those pumping without substance say how great the high 7-figure funding would be, and we’d see a rocketing price after its announcement. Well, the market doesn’t lie. Look what we do see.....a falling price because of many SERIOUS red flags with this toxic funding and error riddled S-1. One great thing about the market is price action tells the tale.....
Exactly.
Great post. I did think, with Zach's connections and prior successes, that we'd have a bit more reputable funding source or at least, more protections. GHS is, from my research, a typical penny funder. Not at all what I expected here based on the reputation of Zach. Also, Jock has many connections, WHY did we need to go to GHS.....very disheartening.
Here are some concrete things for the 8M deal from GHS:
a) From what I see, there is no restriction period for the common shares. That is a big disappointment. Why not? He couldn't even get a 6 Mo. hold? Maybe there is an SEC rule that requires a certain holding period, but I do not think so.
b) Negotiate at least 90% of the VWAP for the price of the shares to be issued, not 70.....that's quite a discount on the commons.
c) Use PREFERREDS instead of commons to lessen dilution to the shareholders.
d) File a correct S-1.....this is a big one. Why is it riddled with inconsistency. Why does the OS apparently DECREASE?
People can say what they want but price always dictates. There is a reason why the price has reacted as it has, and that is because many people have questions and doubts about this deal as they should.
That doesn't mean we don't see the potential in Soundstr, but, if GHS is 100% set on selling their DISCOUNTED shares into the market, it will be a long and painful road. We may not see these levels for years.
Certainly Not. But, I am not surprised by the terms of the 8-K.....looks very bearish here, hate to say it.
Even the 8-k is riddled with inconsistency, and worse, what a raw deal. GHS gets shares at a discount. IMO, this will likely hurt the shareholders. Very disappointed in Zach on the whole.
I don't see any restriction period, which is very disappointing. Dilution looks to be incoming.
https://ih.advfn.com/stock-market/USOTC/vnue-pk-VNUE/stock-news/85440254/current-report-filing-8-k#VNUE_EX101_HTM
SMH.
My biggest concern is the botched S-1.....how do the #s add up? Zach really does need to fix the OS issue, or, if somehow (I doubt it), those shares are coming OUT of the public float, why isn't there an explanation as to how that is? That would have been great news (e.g., if they were bought back). Of course, I doubt it--instead, the S-1 looks very sloppily done and it will need to be amended I highly suspect.
No guarantee it was.....the agreement did provide them with an out if the market cap was below 16M on any day.....because no S-1 has been filed, it’s possible that the deal doesn’t happen. Or, more likely, it is renegotiated for a lower price as others have pointed out. Triton could still pay .014 if they believe in the long term here but I’m sure they’d push for less.
My big concern as others have said is that we’ve essentially seen no forward progress on Soundstr. Deployment is months past expectations. A lot of what has been said is regurgitated from past PRs. Zach seems to be putting his energy into the restaurants.....which sort of bothers me. It isn’t like we have much of a stake. 4.99% is low. If it were 20%, great. I think he ought increase the stake for $VNUE.
Also, there are clearly issues with uplisting.
Definitely disappointed on many fronts.
I still wonder if they can use some of the incoming revenue from Aphrodite (already acquired) to do just that. That would be a huge show of support for the shareholders. Wonder if Berge has considered that.
Agreed. Potential additional revenues are really something, rare #s for an OTC. Hopefully they perk up a big Twitter influencer's attention soon .
Well, that is one positive. Zach seems to be suggesting that the high 7 figure funding is different from Triton.....if you read between the tea leaves. One small positive I guess.
Apparently, the CEO over there was too complacent too. Then, the sellers took over and the .01 fell out from under them. Then after, the CEO took to Twitter basically yelling at shareholders for letting the price drop. That was sad.....don't think Zach would go that low here. But, really, what does it matter if we lose the bid requirement.
I don't know, I am just reacting to what happened to WDLF. Its application was rejected because it fell below .01.....PRIOR to uplist.
We are just two tenths of a penny away from jeopardizing the QB uplist. Very real possibility we lost it if we dip under .01. Just unreal we are in this position from the supposed "best" stock on the OTC.
Zach, IMO, has left us out to dry. The last "update" really answered nothing of consequence to investors.
Yep--big dumping continues today. This is one of the weakest stocks on the OTC rn it would seem. Incredible to see 10 of 12 red days on this former "best" OTC stock. There is just NO willingness to hit the ask. Why? Because the unanswered questions here are real. Shout out to tedpeele who very eloquently summarizes this in his posts.
To be fair, I was going to respond to it, and I have no problem with your opinion. I respect it entirely. I don't mean to "pour" on anything.
I just wanted input because the terms of the agreement suggest that Triton no longer has to buy shares. That's all--I wanted to gather thoughts.
It is disappointing IMO, no matter how you look at it, that we have to wonder at all whether Triton will still exercise.
And fact is, because we closed at 0120, the current market cap, when accounting for the 1.27B O/S, is 15.24M AT the close.
The Triton purchase agreement very clearly states that Triton shall have no obligation to purchase ANY shares if the valuation drops below 16M before closing. See the 8-K. So, it is very possible we just lost the Triton funds. Love to hear more from someone who knows more about this sort of arrangement, but that is how I read it. Looks absolutely terrible here IMO.
What I take issue with is Zach clearly DOES understand--or those who work for him--how to generate buzz.
Look at the restaurant! RHL is packed constantly, there is an active campaign to promote it, bring people in, etc. Now, I acknowledge that this is a different situation--it isn't a public service establishment or brick and mortar place open to the public. BUT, Zach could do more for sure. Here is one BIG example: the website & Soundstr Twitter pages are a JOKE. Why is the Soundstr Twitter STILL NOT updated from when VNUE acquired Soundstr? That, IMO, is unacceptable. BIG TIME. If Soundstr truly is a game changer, put together an awareness campaign, get some music connections to promote it. That isn't "stock promotion," its PRODUCT promotion. BIG difference. I don't even see Zach doing that when it comes to Soundstr.
He HAS done a few interviews but they are in very niche publications. I'd like to see the general VNUE social media do so, but better yet, a music celebrity do so.
I also find it funny that the Twitter crowd keeps saying this is the best thing since sliced bread, but whoever is adding is BID sitting. Come on, if this was so great, you'd think they'd hit the ASK on a stock that has descended from 045 to 013.....isn't that enough of a discount?
Of course, we all know smart traders only hit the ask during a run and bid sit during periods like this. Of course, that is what they ARE--traders IMO. No one really believes this is the BEST stock on the OTC, or they'd buy anything under 02 NOW. Lol.
I hope so.....not trying to bash Zach, I am just concerned because I agree, there is a difference between a quiet company and a steady, slow stock, and one that drops day after day with no real buying interest.
Also, I agree that the stock price is not reflective--per se--of inactivity on Zach's part, but it is reflective of shareholder discontent and serious unanswered questions. Worse, the PPS is tied to the receipt of Triton's $ and QB, and if we lose both of those, we are in serious trouble IMO.
Very real possibility we close below a market cap of 16M threatening the Triton funding.....and, a more remote possibility we test 01. Remember, if we close below 01, QB is off. Have to restart the 30 day window. At least I believe that is how it works. Look what happened with WDLF.
Lol. Barely enough interest to even hit the ask at 013. My how this has fallen.....
Each day and week VNUE trades worse and worse. 9 of 11 days in a row red, two green candles totally engulfed by red. Just nothing going here right now.
I think the market speaks for itself. No interest, hesitant buyers, bid sitting, people dumping.....
I’m still a long term believer but that doesn’t mean there aren’t serious issues right now.
Yeah.....at this point I’m definitely disappointed. A far drop from what this was. Not sure what to expect anymore.
Right. I’m sure they applied. I’ll take Zach at his word.
But, I think there is more going on behind the scenes then we know. I wish Zach would do a thorough update on several issues. We are risk of a serious drop here.
I did see that and that’s my feeling too. I don’t doubt they applied and submitted what was needed. I don’t think Zach is a total liar nor that stupid. If he said they applied and he didn’t, that’s easy to prove in court and a blatant case of securities fraud.
Instead, I think they did run into a problem. And, now, they are trying to fix it or address OTC Markets concerns. But we have a right to know that. I also think there has been problems with the larger fundings. My guess is it fell through and Triton is all Zach could get. As I’ve said before, not great. Different from others, I’m not particularly impressed with Triton. Clearly, neither was the market. We’ve gone DOWN since it was announced. I don’t see Triton as having much clout and even then, VNUE is only guaranteed 1M from them by 12/31 IF the 16M market cap is maintained. That means a very slow deployment cycle for Soundstr. The other 1M in warrants is an option. And certainly, a 1M commitment from Triton over several months is a far cry from the 3-5M in funding mentioned in the Fall and the high 7 figure funding mentioned in April. WTF ever happened to those fundings?
Maybe those too are contingent on uplist but why not TELL us that. I for one am getting frustrated with being kept in the dark.
And to those pumping on Twitter saying this is the best thing since sliced bread, why bid sit? Should be buying anything under .02 if even 1/10 of what you say is true. If this is one of the best OTCs put your $$$$ where your mouth is.
Or, acknowledge you are trying for a better entry because, like the rest of us, you have questions and doubts too. Zach needs to answer those before I put anymore $$$$ to work here. Cmon.
Totally agreed. Zach needs to step it up. Promoting VNUE is not the same as hiring a scammy stock promoter. Hire a celebrity to champion the cause, bring attention to Soundstr, and real $ here for the long term. This is getting pathetic.
Agreed—no pump here (I firmly believe at least some OTC pumps are CEO-driven, and Zach isn’t going that route), and as for the more important second driver, lots of unanswered questions and frankly, under delivery. I still take issue with the December and April updates on several counts. Raised expectations as to timing that the Co. has just not met. Major questions as to funding too.
Yeah, I think 01 is likely on the way.
Sadly, this appears true.....no enthusiasm here, and no real buzz from management.
Also, not to scare anyone but look at what happened to WD*F.....they lost QB because of the price dipping under .01, which could very well happen here too if we keep languishing.
Also, the current terms of the Triton financing state that Triton has no obligation to purchase VNUE shares if the market cap drops below I think, 16M. We are getting close to that.
I do think 01-012 is coming in short order here if something does not change soon.