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This new initiative will be reflected in the March 31, 2021 disclosure statement filed with OTC Markets Group Inc. The approximate amount of the debt is $26,500,000.
Looking forward to see this debt reduction in report.
I wish I knew. Ridiculous. I’ve sent IR several messages to address it. I hope they do.
I agree with you. Hopefully they’ll address it.
Yes and several of them signaled there’s a collaboration between celebrities and players. We don’t know the details but there’s a reason why there’s been so many celebrity videos specifically about psru. I think they are getting ready to advertise the teams either to attract players or advertisers or both imo
List of celebrities that put out videos congratulating PSRU on ABA Canada/ New Hollywood teams:
1) Stormy Daniels
2) Lavar Ball
3) Paula Abdul
4) Erik Astrada
5) Tom Arnold
Xavier Mitchell, CEO of Valiant Eagle Inc. (OTC Pink: PSRU), states, "I have forgiven all of the debt the company owes me. This was completed to align my interests more closely with that of the common shareholders. Furthermore, this will allow us to attract more institutional investors. Our annual report for the period ending December 31, 2020, shows revenue of $1,940,799, but our interest expense was $2,079,073. With a good portion of the interest expense now eradicated, our path to profitability is more apparent. We continue to improve our capital structure to support our long-term timeline and goals, and we believe Valiant Eagle is well-positioned for growth in 2021 and beyond."
Wait until PSRU’s two US teams begin in Hollywood and Beverly Hills. That should be interesting. Really want to find out more about the celebrities involved and how they will collaborate.
Now that the 26 mil of debt was cancelled, https://www.newsfilecorp.com/release/75182/Valiant-Eagle-Inc.-Sheds-Significant-Debt, I’m hoping the remaining gets addressed soon as well and this company goes debt free. They had the revenue last year to accomplish that.Hopefully they clear the balance sheet and do what’s best for shareholders.
One thing that occurred to me, the celebrity/player mentioned by some Stormy Daniels may also be a way to attract new players from the Hollywood/Beverly Hills area to form those two teams. So we’re yet to see who those players are but will be interesting to see. Hopefully the company will get into those details in the near future.
Would certainly like to see that .02 break today.
Any idea when the teams start playing some basketball? That should be interesting to watch.
That’s some nice information about the history of the league. Now while they didn’t purchase the US league as expected I think they could still build momentum with the Canadien league and the two American teams in Hollywood and Beverly Hills.
Great post. Variant has several things going for it in addition to the balance sheet cleansing of 26 million dollars. The new ABA Canada League with several American teams in high profile cities could potentially bring in significant revenue if they can use their TV networks (OKTV) to garner advertisements. With the recent statements via video by several celebrities stating some sort of combination of celebrity/player announcements yet to come, that leads me to believe they may be instrumental in building awareness about the league to a much broader network. Which obviously will help build the League’s recognition and garner advertisement deals which they already have stated they are focusing on with local retailers in Hollywood/Beverly Hills area. In addition they have shown demonstrations of future arenas so that’s a whole other revenue generator from that alone. Let’s see if they can do that along with completely paying off all the existing debt.
The float is around 150 mil but still relatively low considering this range and what the company has going for it.
Wow! Those are big companies. Great that valiant is using their services!
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Nice news!
Buying volume was encouraging yesterday. Let’s see if that continues.
Very pleased to introduce our new marketing partner!!! $PSRUhttps://t.co/gPM6benTJH via @OTCMarkets
— Valiant Eagle (@valianteagleinc) March 15, 2021
Maybe share your thoughts with IR +1 (747) 444-1542
Let us know what they say.
The CEO just cancelled 26.5 mil in debt. That’s a big step forward. He’s building these teams and will be in collaboration with various celebrities as they themselves have stated in their videos. Share structure is still low. If they can pay off the rest of the debt this will fly imo.
I was in another play recently they did the same thing. Every time it ran they sold it right back down until eventually it just took off and ran 5000 percent(Bant-and it didn’t have the fundamentals we have here). Hopefully this moves soon as well.
It has so much going for it they just need to let it breathe.
True. But also consider how many new shares are being purchased. Obviously they think it’s moving up eventually. Decent volume here at least.
Could be last of the tranche. Hopefully done after this. Company said they would update regarding it. Waiting on that.
Wait until big celebrities start talking about these two teams in Hollywood and Beverly Hills. We’ve already seen the beginning of that.
Found this pretty interesting : “Beverly Hills is known as the epicenter of high-end retail stores like Louis Vuitton, Tory Burch, Cartier, and many more elegant retail stores. With the city being home to such big names, smaller boutiques and mom and pop shops often get overlooked. Valiant Eagle plans to provide advertising opportunities for these smaller stores on their streaming channels and apps that Xavier Media Group (XMG) will be creating. The streaming programming will be a combination of games, local programming, and other content provided by XMG.”
Nice!
“Beverly Hills is known for being the home to the rich and famous, the upscale Rodeo Drive, and the beautiful Beverly Gardens park. Beverly Hills is home to everything except a professional basketball team. Valiant Eagle is excited to bring Beverly Hills their first professional Basketball team.”
We do know that they recently cancelled 26 mil in debt but not sure if related.
Wall taken out. .02s up
First professional basketball team in Beverly Hills!
Boom! News!
Should be really interesting to find out the details of this celebrity collaboration with players. I think it might be huge for the team and league.
It’s almost as if these dirty mms read this board and do it on purpose...