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Great update from Zach, been busy with work so haven't had a chance to fully digest it until now.
I and others had concerns about the lack of clarity, and Zach delivered an update addressing nearly every point--a few questions remain, but I trust will know more after QB and especially after the funding round closes. We are very lucky to have such a thorough, intelligent, and comprehensive CEO in Zach Bair.
Exactly.....
Wholly agree. And even if Twitter did matter as much as some suggest, take a look at the comments on today’s Tweet. Almost all negative. Sentiment has soured big time and deservedly so. Nick’s communication sucks plain and simple.
Just when you thought if couldn’t get worse, look at their latest pathetic tweet! Might have to get a lawyer myself!
SNPW is an embarrassment. IMO, CEO might face legal issues here for the way Twitter has been used.
Yep, selling relentlessly.
Very weak finish. If this violates .0390-.04, it’s in big trouble IMO. At that point, get your orders in for sub .01. Pathetic.....and particularly the excuses on the company’s professional Twitter today.
Agreed, right now this is a falling knife. If it closes below .04, look out below. Especially after the useless tweet today, which, looked like making excuses for poor communication. May not control the market but some of the decline is undoubtedly due to the lack of detail which has allowed shareholders and would be buyers to draw negative inferences about the real progress—or lack there of—being made.
Also, whoever is operating the Twitter account is very unpolished. Engaging shareholders in a war of words essentially. Useless waste of time. Need to spend time putting together a detailed shareholder update with meat on the bone.
To think SNPW is paying a PR person (if it isn’t just Nick) to waste time on that instead of drafting for example, a shareholder presentation or packet, or organizing an investor Q & A (just two examples), is really a sad state of affairs.
Latest tweet is pitiful. Complaining they have no control over the market or PPS. That may be true but it’s obvious. They DO have control over how they PR things, the poor communication on substantive detail, the lack of disclosure, the use of vague tweets about a “chase” deal.....all pennies are down, true enough, but Snpw is worse than most green energy plays because of the atrocious lack of detail and substantive progress.
Could be. As you say, super low trust and for good reason. Recent events—chase deal tweet with no details, for example, reinforce that warranted lack of trust.
Excellent summary and agree on every point.
Didn’t see this post but excellent summary. Agree wholeheartedly. Lots to like here but lots lacking from the company. Right now seems like a lot of talk but we need details and actions.
Could be. It’s hard to trust them after the 8M share increase. Only good thing is that w/o AS raise they are running out of room if it is.
Agreed. Company itself can’t give them, PRs and updates have been totally devoid of substance
If this doesn’t hold .04 look out. Selling is relentless here. Can’t even break and hold .06 which is pitiful.
We’ve essentially given up all of 2021’s progress now in terms of PPS. The market just doesn’t see what we see. Volume here is just so low.
I’m a believer here, but have to agree. This is our 8th straight day in a downtrend. Relentless selling and no buying at ask. Same group of us supporting the bid and adding. News so far has led to nothing but a 20 minute pop and immediate sell off. We need an update on Soundstr, funding, or Qb. Nothing else us doing it.
Sure hope so.....because I expect some hefty sells in response to the 10-K. Those of us who know the long term potential won’t but many don’t think that way. And, no matter how you cut it, there was some UGLY data in the 10-K when you look on the surface.
True, the revenues themselves would be on the income statement. But the balance sheet is impacted by the income. Nevertheless, I agree with you that the RHL stake as it stands would not significantly impact $VNUE. Hence my statement that what really matters is obtaining under funding.
Now, if the stake were increased or, if for some reason, Zach and Jock were to merge RHL & VNUE, the calculus could be different IMO.
Would sure be nice.....the PPS will be interesting tomorrow. May be a kneejerk reaction to the 10-K if people are too microscopic in focus and look only at current cash, debt, etc.
Rather they look at the company's own statement of 50-100M in potential ANNUAL revs from Soundstr, set.fm, etc. We shall see.....$VNUE
Some thoughts on the 10-K.....
First, $VNUE is a very young company.....still very much development stage. The low cash position, large amount of debt, convertible notes, and "going concern" language is commonplace in such companies and the legalese language reflecting that is commonplace in nearly every financial statement I've seen for OTC or small cap companies. Even large companies like Tesla, Microsoft, etc. have language that sounds much more troublesome than the actual picture. The same language and disconcerting CURRENT picture was present in the last few 10Qs. If people latch on to that, then expect this to descend lower. Hopefully, they can see the bigger picture.....
and that is Second, the incredible potential of Soundstr, set.fm, and other product offerings. The company itself states that $50-100M annual revenue is a possibility within three years of those "experiential" products.
The "bridge" between these two states for $VNUE is of course, FUNDING. And that brings me to the wildcard. In the 10-K, VNUE makes no specific mention of the $3-5M funding round mentioned in Dec. Not that I could see. Not sure if that is because of an NDA, active negotiations, etc. Could very well be. They also mentioned the possibility of future CONVERTIBLE financing, dilutive to the shareholders. That does NOT mean that will be the only financing/funding available IMO. But, it is a "possible" option. The language HAS to be in the report for legal reasons, I think.
But, it is clear to me, now more than ever that the funding round is THE KEY ITEM. The company indicates that it has some time pressure (cash available to fund operations through July, 2021), so, these talks are super important. A few thoughts on funding.....
NOTE, this is all speculation & brainstorming.
1) Funding COULD be imminent when $VNUE uplists to QB. Maybe that is a contingent condition.
2) Funding talks COULD be underway independent of the uplist. Maybe audits are being conducted, legal language finalized.
3) Funding terms COULD be an issue. Haggling could be occurring.
4) Funding talks COULD have broken down and Zach could be struggling to find funding.
IF it is 4), I have a few thoughts, and I'd be curious to hear others' thoughts and why they are not a viable possibility. I have some of my own as well. AGAIN, speculation.
- What if Zach, Jock, and other directors SELF-funded the company. Surely, these are wealthy individuals. I am sure there would be implications for the corporate veil if that was pursued and that may be a legal impediment. Also, of course, that is putting a lot of personal liability on them. I understand that issue.
- I would imagine Zach has worked with MANY in the entertainment industry over the years. Maybe he could convince one of them to fund. Or, a Mark Cuban type. If so, why does it have to be through equity raises? Couldn't Zach negotiate an agreement with them to fund for a stake in $VNUE? E.g., 3M for a 20% stake in the company? Of course, they may balk at that given there are no current revs of substance (aside from concert revs, if the pandemic does not cause too many issues).
- Zach could use an equity raise, but negotiate the contract in such a way as to have a delayed conversion period to allow for price appreciation in exchange for a lower PPS for the shares. That would benefit the investor too who could LATER sell at a higher price. This would be better than a straight convertible note if that form of financing is all that is available.
- Finally, what about the RHL stake. $VNUE has a 4.99% stake in the company. I'd imagine those revenues, whatever they are, will impact VNUE's balance sheet soon. WHY NOT increase the stake to 15 or 20% for a period as a bridge financing? Again, maybe Zach and Jock object to this because it essentially means they are giving away a part of their own separate business (let's not forget RHL is NOT VNUE).
The above are just some of my thoughts. Curious to hear others' opinions.
GLTA.
We'll see, last time we dropped back to .015-.017 from the run in January, we held these levels for a few days and headed back over .02. Would be nice to see the same now, and at least tomorrow into the weekend, close back in the low .02s. Expecting QB soon, which should help in a big way. $VNUE.
Well, that's certainly true for us . I am accumulating when I can.....I think the sellers are those who bought this without an understanding of the whole picture.
Right now, Nick seems to be almost exclusively tied up with MedRecycler. Be nice to hear some good news on something ELSE, UL certification, the Durango project, the Chase partnership, sales/revs from the bus station/park bench ads, something.....
In reality, all we've received are pie-in-the-sky, very lofty/generalized "plans" for 2021. Unfortunately, because of the lack of detail, it seems like those plans advanced little from years past. It's like we are CRAWLING not walking.....hope to hear something more substantial soon.
In response to an earlier post about the run from .0021 to .345, that has to have been based purely on FOMO. Unfortunately, that has left the penny market.
Agree that one of the biggest issues here is lack of visibility. Volume, even when we were hot, was lower than other big runners. Not sure why there aren't more eyes on this. We don't want a pure pump but it would be nice to see some excitement on social media like other stocks have.
Bigger issue though is that the company's silence on Soundstr, funding, and other NON-RHL issues has, rightly or wrongly, allowed many to draw inferences about why we've heard nothing. I respect Zach's philosophy on not issuing fluff news, responding to individual investors, etc. It is professional, but, perhaps its time for another video blog update talking to shareholders about exactly where Soundstr is at.
I am giving him the benefit of the doubt that he is waiting for OTCQB so that more investors will be watching this, and perhaps then, either a) he releases good news or b) provides an update to the new, wider audience. All speculation on my part, but that could be his angle here. Plus, he's been busy with RHL.
Well, I doubt any of us who know what’s going on here longer term are losing confidence but clearly some are as evidenced by the share price. Perhaps it’s good riddance to the weak hands, but we also want to hold some key levels. Time will tell.....
Agreed but unfortunately I think buyback is contingent on receipt of funding.....not sure they can buyback without it. I.e., they don’t have the cash to do it. However, Zach could take a position in the common stock and declare that. That would be a real show of support for the shareholders who are clearly losing confidence and fast.
Yeah, agreed completely. Yesterday’s update was encouraging from a sentiment standpoint but really not all that helpful. Patience has worn thin with some who don’t see the bigger picture and hence 5 straight pretty ugly days here.
The whole marathon not a sprint thing is good and well and of course, true, in the long term. But, it doesn’t provide the detail necessary to stop the fall here. The fact remains that in the December update, Zach suggested, perhaps mistakenly, that talks were in progress as to funding and that the talks would resume immediately after the new year.....it’s now April and total crickets. Thus I feel the marathon not a sprint language doesn’t really do justice to whatever apparently happened there. My suspicion is that those talks simply broke down and he doesn’t want to come out and say that. Now there may be new irons in the fire.
Agreed, this (and the entire OTC market) is incredibly weak right now. Frankly, the froth is gone and now it is a stock by stock market in pennyland. $SNPW can still make a nice move, but Nick is going to have to deliver the goods.....tired of the fluff tweets from the company (at least they stopped) and lack of detail in PRs. Not good enough anymore now that the froth is out of the penny market. This will languish indefinitely until the company has REAL progress to report. Not vague tweets about a "chase" deal that is devoid of any substance at all.
Agreed--this is a bargain at these prices, but nobody really knows about this stock. It is the same group of us supporting it. Need new eyes on this.
There really isn't that much selling, just absolutely ZERO buying interest besides the same small orders from the same core group of investors.
I know people have said we don't want a pump here, and I agree--if that is what it is. But, a targeted third-party awareness campaign would be helpful here and in fact, bring in some new faces. A LARGE part of the problem is that many investors don't even know about VNUE. That is why we didn't run up as high as AL*P, EN*C, LT*C, and others the first time they moved and why we fall so easily now IMO. There just isn't a broad enough interest.
I understand the argument that they will come with substantive news and company progress, but, I, for one, would prefer a few more eyes on this BEFORE news hits. That would alleviate some of the incredible weakness here.
All that said, remaining long here, and supportive of Zach Bair's long-term vision, just frustrating seeing this languish ceaselessly.
Excellent post as always, and you hit the nail on the head.
The PR on RHL wasn’t bad. But RHL is a very small part of VNUE, and will only generate very small revenues given the 4.99% stake for the foreseeable future. What brought investor interest here was Soundstr and we’ve heard nothing since December.
Really disappointing that we couldn’t hold a myriad of key technical supports here.....I’m still a long-term believer here, but we really do need a comprehensive shareholder update on the business.
Seems like 100% of Zach’s energy went to RHL—for reasons others have stated—over the past few months. But in reality this is a very minor piece of VNUEs original premise that attracted many investors. Without an update on Soundstr, set.fm, funding, concerts, etc., expect this to go much lower. Maybe he’s waiting for QB but not sure how long that could be.....
Agree with what others have said. I think many are impatient here. Zach has been busy with the restaurant opening (looks great!!) and I can understand Soundstr/funding/other VNUE businesses may have temporarily taken a back seat.
I am willing to give him time. But, I do think we need to hear something--good or bad--in April. Even a comprehensive blog post with the status of things. That is only fair to investors as to making an informed decision with their money here. I still think it is a bit odd that funding sounded imminent back in December and we've had three months of radio silence on that and Soundstr beta deployment/manufacture of other units.
Just checking in EOM.....large holder here. Had 22.5M shares back in Dec. Sold about half on the big run up end of January. Now long and strong with the remainder.....
I am a BIG believer in Zach—his leadership, connections, and of course, the business model. What makes $VNUE great is many eggs in many baskets. Soundstr, set.fm, concert revenues (Matchbox 20?!), and of course, Rockhouse Live. And OTCQB coming. So much to like here.
That said, I do think Zach needs to give us a comprehensive update very soon. We’ve held well considering the overall OTC downturn and relative lull in updates. But we are in peril of losing the 50MA and retesting .02. Need to avoid that for an optimal chart/FOMO.
I understand Zach isn’t focused on these little things or the daily PPS. And I understand he’s been very busy w/ RHL.....and of course it’s a marathon not a sprint. Fine.....BUT, I do think shareholders need a detailed update particularly on Soundstr and the 3-5MM funding round, which are the golden goose here IMO. The radio silence cannot continue through all of April.
I think what’s most frustrating is the fact that in the end of 2020 update, it sounded like funding was imminent and it’s been three months of crickets. IMO, we need details. Maybe he’s waiting for QB but even a basic update would help. Also wonder if funding is contingent on the uplist.
Also, perfect timing here with Summer concert season.....
I think March is $VNUE's month for takeoff in $VNUE's year.....GLTA.
Zach Bair is the best CEO on the OTC IMO. Absolutely focused and driven to achieve the best for $VNUE and its shareholders. I don't think there is any better. So, if you do read these boards, Zach, thank you.
We all want an update on Soundstr since it is potentially paradigm-shifting tech. That is the "allure" that brought me here although $VNUE has a lot more going for it than Soundstr (and now, the RHL stake.....). Zach, we know you only release news when it is substantive--no fluff--perhaps a blog update on Soundstr's progress would be helpful, even if an official PR is not yet warranted? We look forward to hearing something soon.
I was watching the action here at EOD Friday.....
That 1M share buy moved us from .0218 to .0268 like that. Almost instantly. This is trading super thin now that so many shares have shifted into the hands of strong INVESTORS who believe in Zach Bair and his long term vision with $VNUE.
I honestly believe that just 10M shares of buying pressure at the ask would be enough to push us to a nickel. I think this has gotten wound as tightly as can be (the bollies support that) and that anything that lights a fire under this (news) will be enough to push us to levels we've been looking for in a fraction of the time it took to get this far.
Holding strong here, several million shares from double zeroes.