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Lot's of eyes are going to be on this one...most people have a scanner for stocks that break the 52 week high...$PTAH is the perfect ticker for a run.
It will probably start happening sooner than we think. Vaccine rollout is underway, and events like concerts are usually announced and booked out months in advance.
WOW! Buy volume as been 100% of trades today. It was literally all ask slapping. I wouldn't be surprised to see some news here in the coming days.
Broke the 52 week high...the run is on!
4's are almost all cleared out.
Insane volume today out of nowhere...this one is going to run quick.
I'm sure $VNUE has plenty more artists it intends to sign, which is basically building a roster just like a traditional record label would.
$VNUE will for sure hit 50 cents before the end of the year. Will we get to a dollar?
Our next level of resistance on the 3 Year chart is 4 cents. After that it's a little bit over 6 cents, and then it's clear skies to $1!
This is just the beginning!
If we ever hit a trading volume of 100 million shares, we break 5 cents easily.
We completely destroyed the last ATH of .0143! It's becoming more and more likely that we break 2 cents before the end of the month. It might even be sometime before the end of the week.
As a true penny stock now, $VNUE is beginning to attract a new type of investor that usually doesn't sell for short term gains.
Each level brings new flippers, but also new investors that are planning to hold for multiple years.
We're so close to that 2 cent mark!
This board only has 231 followers, and many of the hot stocks on the breakout boards have 500+.
We still have yet to hit our 100%+ day, which will probably happen sooner than later. $VNUE is still relatively unknown to a lot of people.
$VNUE is going to $1+ there is no doubt about it.
I think we will end up breaking the ATH next week for sure.
Nice! Reddit is exactly what ihub wishes they could be...this thing is going 100x from this point for sure.
MM's tried to hold us down yesterday, and all they are getting is short squeezed.
Funding news will probably push us past 5 cents easily.
This thing is going to the moon!
Now who wishes they would have loaded more under a penny yesterday??
I'm sure there will be a time in between when they get the funding and announce the funding that they will buy shares. Once they announce the funding the price will skyrocket and they won't be able to get any for cheap.
MM's trying to walk us down and cover their shorts. Once they cover, this is going to shoot up well past 2 cents.
If I was $VNUE, now would be the perfect time to buy back shares on the open market...
Let's do the math. The current market cap for VNUE is 1,211,482,789 shares in the O/S x the closing price today of $0.0115 which gives us $13,932,052.
Let's say the company decides to buy back 211,482,789 shares on the open market at today's closing price for a total of $2,432,052. If they get at least $5 million in funding, this amount would be less than half of that.
This gives us an O/S of 1 billion flat, with at least $2.5 million going towards investment in R&D and operations.
We know that Soundstr is close to being rolled out, and $VNUE has business on the ground in Florida as well as pre sales of over $100,000 for a Matchbox 20 tour this Summer. They estimated they would have made $1.5 million in 2020 if not for COVID.
All that being said, the company is looking at about a $720 million valuation if we are comparing to a similar company in the OTC like T/S/N/P, which is a tech company that has no revenue and minimal operations. The current market cap of T/S/N/P as of today is $728M. $VNUE is well past T/S/N/P at this point so this is an extremely conservative estimate.
$720M market cap divided by 1B in shares gives us a target price of $0.72, which again, is an extremely conservative estimate.
With $5 million in funding, a share buyback program, increasing revenues YOY, and the initial rollout of Soundstr, I can see this going past $1.
I think it all depends on how much they get in funding in total. If they get at least $5 million I can see them buying back maybe $1-$2 million in shares, but if they get $10+ million, they could really suck up a lot of shares on the open market and shrink the OS down to nothing.
Wow, TA verified only 135 mil shares held at DTC. This one is going to skyrocket for sure.
It will be interesting to see how many shares the company decides to buy back, which could end up skyrocketing the PPS over $1 if it is significant enough.
And Zach Bair has already sold one company to Mark Cuban before so he knows how the whole process goes. $VNUE seems like his baby though, so I would anticipate the stock hitting $1 per share before any kind of sale is made.
Once funding is announced this thing is going to blow past 5 cents for sure. The ask is already paper thin, minus the one tick flippers.
We continue to close higher and higher every day...
This thing has to have a tiny float. I'm sure there will be a lot more volume pouring in over the next few weeks.
If anyone has news, please post it here.
250 mil A/S, this thing will run quick!
$EIPC is heating up...
$VNUE is going to have a $1 billion market cap sooner than we think.