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Agreed.
I like Zach, and overall, I think he’s done a great job here and really does care about shareholder value. But, I do think a few of his communications—the end of year update in December and the April 12 update, made it sound like things were further along then they were and may have raised expectations beyond what VNUE can deliver on the short term front.
For example, we’ve known about the 450 units since Fall, and statements in the December update suggested that beta testing was essentially near done and shipping imminent with what at that time was a 3-5M funding round. That didn’t happen on any short scale.
Then, April 12, we hear of high 7 figure funding slated to close within 30 days. We still know nothing about that now a week past the 30 day window. We’re left to wonder if Triton is the funding and if so, let’s face it, that’s very underwhelming. And on that, still no S-1 filed and so VNUE likely hasn’t even received the $$$$$ yet from Triton. May not till end of year. All this means a much more protracted development cycle for Soundstr if it is the case.
Again—I’m still a believer here and I give Zach high marks overall but let’s at least be fair and acknowledge the issues too.
One caveat is of course the OTC downturn which is just relentless: ALP*, HMB*, ENZ*, and WDL* all have the same chart as us. It’s hard to believe this correction in OTC isn’t done yet but it is the price to pay for what was arguably one of the greatest bull markets of all time in pennies from Sept.-Feb. of last year into the beginning of this year.
Could be. Chart does look like it’s at risk of stair stepping down again if we don’t have an increase in action soon. Could retest 012-014. I’ll be adding down there if so.
Three CONCRETE things I think we need here to take us to the next level w/ $VNUE:
1.) QB uplist
2.) High 7-figure financing info (did this even happen?)
3.) Shipping of 450 Soundstr units/commercial launch of Soundstr
Agreed! I’ve never seen such asymmetry on a stock. Such great management, potential, and a really good thematic story with reopening.....yet some of the most pathetic volume I’ve ever seen.
I’m honestly floored that we can’t even touch .02.....
It’s like there’s a wall preventing people from finding out about this stock.
Just have to hope QB changes it but I think it’s going to take huge news AND an awareness campaign of some sort. For instance, VNUE has almost 1100 followers on Twitter. Imagine if each had even 10000 shares of stock (of course some are owners).
Frustrating but trying to stay positive here.
Isn’t the 10Q due today?
Is the 10-Q for 1Q 2021 due today? I think it is.
Really nice news here today!
One other thing to keep in mind.....I believe the Triton investment is tied to a minimum market cap of 16M. I think that works out to .0135 or so for PPS assuming fixed OS at current level. Vnue risks losing that investment if we don’t pick up soon.
From the 8-K:
Triton shall have no obligation to purchase any securities of the Company at Closing unless each of the following conditions are satisfied (i) the common stock shall have been listed or quoted for trading on the Principal Market (as defined by the Purchase Agreement), and shall not have been suspended from trading during the Commitment Period and the Company shall not have been notified of any pending or threatened proceeding or other action to suspend the trading of the Company’s common stock; (ii) the Company has complied with its obligations and is otherwise not in breach of, or in default under, the Purchase Agreement or any other agreement executed between the parties, which has not been cured prior to delivery of Purchase Notice; (iii) no injunction shall have been issued and remain in force, or action commenced by a governmental authority which has not been stayed or abandoned, prohibiting the purchase or the issuance of the Securities; (iv) the issuance of the Securities will not violate any requirements of the Principal Market; (v) the valuation of the Company exceeds $16,000,000 at all times between the execution of the Purchase Agreement and the Closing; and (vi) the S-1 shall remain effective at all times.
Yep.....another low close. Was hoping to hold around .0161-.0162 to at least keep the double bottom in play. Now back below 50 and 100 days.....just riding the bottom bollie down towards the 200.
The short term doesn’t look great. Wouldn’t doubt if we retest .012-.014. It is what it is I guess, but boy is this irritating.
Just keep adding for longer term. We have to have QB uplist and better funding. Otherwise this will continue to trend down.
11/12 straight red days is really something. I’d have thought we at least be around .02 with all the developments here.....
Mixed reaction to that. On the one hand, it’s like watching paint dry. VERY irritating that so many other plays have literally ONE HUNDRED times the dollar volume w/ no real business. We can’t even get back to .02, which frankly, is astonishing given all the + news since then.
On the other hand, I firmly believe those are all pumped stocks. Zach has said no pump here. This is the hard part of that I guess.....waiting for this to catch fire.
We HAVE to have uplisting. WTF is wrong with OTC Markets. Get it the fu*k done already. After that is done, I think Zach will began to release bigger news items and generate some press.
Also, what about the high 7 figure financing? Where is it?
What a weird series of trades.....totally out of character for this. Maybe an idiot dumped at market.
I know, and many are junk. This just sits. No volume or interest beyond the same people. We've been down 9 of the last 10 days.....
I just hope we get the uplist soon & the larger funding deal. If not, we could retest .01 IMO, particularly if the OTC Market continues to struggle.
Well, IF that is true, the PR would contain a misstatement. But, I think he did submit the materials, because Zach has always been truthful thus far and I don't see why he wouldn't be now. See below from the PR:
"The company has submitted OTCQB application materials to OTC Markets Group, operator of OTCMarkets.com."
My bigger concern is maybe OTC Markets found a problem with the application. But, I think $VNUE meets all of the requirements from my review. It is very frustrating though because it has taken WAY too long IMO.
Like watching paint dry right now.....need more catalysts here. QB should have happened long ago. High 7 figure funding slated to close today per 4/12 PR (30 days).
I have no doubt OTC downturn is part of this. Been a tough few months for sure.
We can be with Zach and support this long-term and still be frustrated now.
Who can honestly say they were NOT disappointed with the pitiful response to the Triton PR? We are STILL trading the 016 and 017s we fell down to after the 10Q in March despite VNUE radio, Triton, and pending uplist. That is really hard to believe IMO. Especially w/ no dilution. There just isn't any interest outside of us regular supporters.
It is frustrating.....but I have to think it is because it like others (DS*R) have been heavily pumped. Zach has made it clear he won't go that route.
I am with him on pure third-party pumps but I think the Co. could do a targeted awareness campaign of some sort, maybe through an influencer or musician? Admittedly, the dollar volume here is pathetic. That ask should be easily taken out given what people say the potential is here. Really astounding that not even 1M on ask is enough to literally shut this down for the day.
My bigger concern is whether Triton replaced the high 7 figure deal. That would NOT be good IMO, and would be a big setback.
Some of this downturn is the terrible OTC market right now.....
But, there are two key items IMO:
1) OTCQB Uplist.....WTF is wrong with OTC Markets. Its getting a bit ridiculous now that we haven't been uplisted. How long does it take? SMH.
2) High 7-figure Institutional Funding.....this is scheduled to close today or tomorrow. We should get a PR update in the next 7-10 days, maybe an 8-K. There has been some confusion as to whether Triton replaced this. If it did, Triton is underwhelming (though still a positive) and we can expect more selling pressure IMO.
We shall find out a lot in the next 2-3 weeks.
No harm taken.....you can’t tell someone’s tone with these boards. Never mind a little levity. Have a good weekend.
What does that have to do with anything at all? I don’t run a public company so I don’t have “investors.” But I’m not saying the 1M is nothing or that it isn’t good news but it isn’t high 7 figure either. My only concern is that this funding was the big deal we were waiting for, and if so, it is underwhelming IMO.
We don’t know that yet but it’s a valid concern because it will mean a longer deployment cycle for Soundstr. Read the 8-K closely and you should see my concerns. That said, we’ll see what happens. GLTY.
Looks like they don’t have any of the 2M yet.....no securities will be sold until an S-1 is on file.....based on my reading of the agreement.
More concerning is that the lower the PPS, the more shares Triton may receive.....that could be an issue for us depending on how long they intend to hold.
I’m not thrilled with some of this. But, it is probably good news on balance because the Co. needs $$$$$ and badly. But, all bets are off if this is the only game in town. We’ll see. GLTY.
Also, why could he only get 1M? Triton has given far more to some other companies.....I.e., BT*G, 5M, for example.....
Maybe Zach deliberately accepted only 1M from Triton because he is saving cap space for a larger funder.....but only time will tell.
I’m afraid of that too, unfortunately.....if that is true, than it is definitely underwhelming. 1M from Triton, over a window from now through the end of the year (up to 2M if they exercise the warrants) is going to mean slower rollout for Soundstr. I think Zach himself said they are looking for 8-10M to get them to 36M annual revs. So, the high 7 figure funding would have nearly gotten us there. Again, I’ve been assuming there is a separate high 7 figure deal but maybe not.....
For us long term players, it may not matter. But I expect to test some low levels if it ends up being the case there is no high 7 figure deal.....
Hopefully.....by the 12th, that high 7-figure funding should be wrapped up, so, I’d expect we will get a PR on that by the end of the following week.....
Looks to me that outside of the same people supporting this, there is no volume. Either way, good time to buy for the long term.....
Exactly.....need this kind of exposure here. I agree with Zach when it comes to hiring seedy promoters.....those third-party services are unethical. But there is a difference between those and real advertising.
For example, why doesn't Rob Thomas do more promoting for $VNUE? $VNUE has a relationship with him, and he has 253,000 Insta followers. Just an example.
Hmm, yes it is. But I don't own that one.....just using it as a contrast to $VNUE.....imagine what one fifth of that volume would do here.....
I think $VNUE is a better play long term. But, just very very little interest outside of our core group right now. Triton is the first "change" from this, need them to step up and bring new eyes to this for real progress to be made and blow these ask stacking flippers out of the water. The volume we are trading is peanuts.
Well, that may be true but the time horizon is dependent on the structure of the funding & the amount because if it is lower and more gradual, the deployment timeline for Soundstr may be lengthened even further. I’ve been here for years, so it doesn’t matter to me but it very well may to some. IF folks were expecting high 7 figure funding based on the words in the update, it may lead them to scale out a bit to make money elsewhere while things percolate more slowly here.
We shall see what happens but I for one would have preferred Zach not used that phrase if it wasn’t the case because perception matters. Perhaps more than facts in the OTC. Maybe just semantics but let’s see what happens.
Oh I agree with you there. They certainly will and that is one reason why, in addition to the funds themselves, I see it as a positive.
I’m just stating that I don’t think Triton’s funding is the same funding Zach referenced in the 4/12 update because it isn’t high 7 figure. That PR suggests a term sheet for discrete funding in the high 7 figure range. While Triton may ultimately bring in enough investors to equal that, that is entirely different from what the 4/12 update suggested. Again, I don’t think they are the same based on Zach’s track record.
Also, one crucial, crucial point.....I’ve taken it for granted that the Triton funding is NOT the “high 7 figure” institutional funding alluded to in the 4/12 CEO update. Maybe some are taking it that way and they’d rightfully be disappointed as the funding from Triton, while a positive, is significantly less than high 7 figure and because it will come in tranches over the rest of the year, would mean a far slower deployment for Soundstr than high 7 figure funding would do. That said, Zach has been very forthright with us and I don’t believe he’d deliberately say high 7 figure unless there is another term sheet in the works.....we should hear on that by EOM.
I’m surprised too.....but it’s a reflection of the pitiful volume/lack of visibility. There are shells with no business doing ten times the dollar volume. We traded about $70,000 worth today. For context, there are folks on this board who I believe own 2-3 + times that dollar volume themselves. This is very weak/low volume action.
Why? Zach has stated he has zero appetite for stock promotion. That is one reason why. No way, for example, a $DS*R does 400M volume at a 3-4 cent PPS without a massive promo. Also, the general downturn in OTC. I think a lot of $$$$$ is flowing to crypto, NFT, etc. Other “hot” sectors.....
For us long term players, that’s OK I guess because in time, the organic growth of the $VNUE business should bring more eyes. Especially once we are on QB. I am frustrated with OTC Markets.....this should be done by now. Not sure what’s taking them so damn long. Certainly not VNUE’s fault.
Reasonable minds can differ on the promotion issue. I’m with Zach that we don’t want a pump and dump or questionable third party promo. But, I do think there is value in a targeted awareness campaign that isn’t tied to the receipt of shares. Liquidity is an issue here and a broader investor base would be good. Let’s see what QB does though. Also maybe Triton can do this.
Note, we actually ended up green but only slightly.
Really good news today.....Zach with a surprise ahead of QB uplist & 7-10M institutional funding (has to be different than this funding IMO). Surprised volume is so weak but QB will fix that persistent issue IMO. One step at a time for $VNUE.
If nothing else, this should put an end to the insolvency concerns raised by the 10K that propelled us back down to .012.....this should be trading back at .025 on this alone, and pushing .03 IMO. Time to correct back north. I think the only thing hurting us right now is the continued drag on the OTC more generally.....lots of $ flowing into crypto too.
Hopefully not.....good news though. But, it would be underwhelming if it were THE primary funding given the statements in the update. That said, as I pointed out to Dancer, I believe they are separate but only time will tell.
That is my understanding, Dancer.....I think this is a separate agreement from the "institutional funding, in the high 7 figure range," that Zach cites in the update linked below.
https://www.otcmarkets.com/stock/VNUE/news/VNUE-CEO-PROVIDES-COMPANY-UPDATE?id=297721
I say that, for one, because it isn't "high 7 figure," even with the additional warrant. And, it is something to occur overtime (possibly as late as December 31, 2021, I believe per the agreement's terms). I think the institutional funding will be structured differently. Plus, it hasn't been 30 days yet (from the April 12 PR update).
Also, in that update, Zach mentioned "discussions with a number of other interested and credible parties," so my take is that this is one of those "other" discussions that bore fruit. JMO, but I think this is unrelated to the core funding we are waiting on.
Happy to hear others' takes. Hopefully, we get a PR update on this.
$VNUE.
OTC continues to take a beating.....$SNPW is not immune from that.
Looks like folks waiting for uplist here w/ $VNUE.....IMO, unless funding news comes first, that will be the "key" that unlocks a new wave of investment here.....hoping to hear soon. Should really be any day now, perhaps even tomorrow!
Yep.....great sign as reopening heats up.....2021/2022 going to be very busy for the concert industry. $VNUE should be able to capture some of that energy IMO.
Could happen yet.....definitely next week though. Be great to see a close of .022+ today, set up the chart for the takeoff when QB uplist goes through.