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I think we’ll break it this week, maybe even tomorrow
-Reminders-
"Soundstr has the potential to reduce costs by as much as $425 million industry-wide, while at the same time, leveraging the data to ensure that the publishers and songwriters are paid for their actual plays. It has been estimated that PROs use as much as 30% or more of royalties for operational expenses; Soundstr has the capability of helping to reduce this, resulting in a net increase to the stakeholders."
(https://www.prnewswire.com/news-releases/radio-veteran-john-madison-discusses-importance-of-vnues-soundstr-301127903.html)
"we are raising a $3mm round of funding for the next phase. This will be accretive to the value of the company, most likely a strategic partner or a preferred offering of some kind, either an equity or a debt instrument, based upon how the participants want to structure the investment... We do in fact hope to be able to do some kind of a buy-back and reduce some of the shares on the market once we have our funding round closed, which will be a step toward correction"
(http://www.vnue.com/the-vnue-blog)
"We plan to have those devices into the country and deployed within 12 months, during which time our goal will be to raise additional funds to manufacture 10,000 more units. The 450 units will get us to approximately $1.21 million in revenue deployed almost exclusively in radio stations. The deployment and roll out of additional units is dependent upon funding. Assuming we are able to build and deploy 10,000 units, revenues will hit $36 million annually within three years, not taking into account additional revenues from the anticipated reduction in fees charged to clients by the PROs. It will take approximately $8-10 million to get us to $36 million in revenue. Over time we hope to have both radio stations as well as other brick and mortar establishments and venues. This product also provides potential growth due to advertisement, sales of data etc. We believe that the data we will be collecting could potentially be one of the strongest revenue drivers."
(https://www.otcmarkets.com/filing/html?id=14160521&guid=PLCHUKaWPLJX93h)
"According to a 2018 survey by Nielsen Music, is estimated that only 17% of applicable businesses are legally licensed to play music publicly."
(https://www.prnewswire.com/news-releases/vnue-reports-soundstr-mrt-platform-in-beta-deployment-301126472.html)
Yup, great chart going into the weekend. Might see another pop on Monday.
Or 0.0047 rather
Next stop at 0.047
Either way if we know that the stock is going to explode late December or January then the price will increase accordingly. If we could get past 0.37 and then 0.46 before the announcement that’ll be great.
Why would he need to hype it up? If he didn’t want this company to seem like a pump and dump then keeping quiet and letting it grow organically would be better for them.
Plus I think the live recording will be a default for any concerts since a lot of people will still be hesitant to go back to a crowd even if they get vaccinated.. though that’ll be a much later news than Soundstr.
I think it’ll reach 3 cents since I’m guessing the revenue could be up to 30 mil on Soundstr alone without considering the live music income that should start next Spring when concerts start coming back.
This might actually be pretty big, if the investors are starting to invest in music royalty, then they will definitely be a strong push to maximize their gains through VNUE.
www.economist.com/finance-and-economics/2020/12/03/music-royalties-are-proving-a-hit-for-investors
If we get past 37 we should run. Hopefully by eod it would happen
Perfect chart rn
April 2019
I’m sure today’s rise was driven by just one or two smart rich people. They’re probably long too which is great for when we see the news.
Plus he’s number 12 on iTunes Blues chart. Taj might be ready to explode before COVID ends.
http://www.popvortex.com/music/charts/top-blues-songs.php
Woohoo!
The price hasn’t moved much since last week.
Can they advertise or get customers before beta testing is done?
The extent of stock buybacks affect the price significantly though right? If they wanted to be in NASDAQ I think they’ll have to do big buybacks when they get the funding.
Maybe we’ll get a reversal again tomorrow or Friday, and do another cycle until the PR come.
So no news for the next two to three months?
Of course it’ll get cheaper. When the revenue is $0 the price will continue to head lower if there’s no PR.
VNUE only “represents” Taj in the US so until he starts having major concerts in the US I don’t think he’ll be very relevant.
I don’t think if Zach thought it would take another 9 months then he’d be as active on Twitter hyping it up. Usually companies with long way to go are quiet on social media, unless it’s a pump and dump..
My guess is that election uncertainty is what was keeping most investors from investing and PRs from happening, so now that that’s out of the way there should be more news coming everywhere.
So what is the practical implication for VNUE?
Hi all, I’ve been watching VNUE since September and this week I decided to buy 11mil shares. Hope to keep it for a while. Nice to meet y’all.