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Email response. Thank you Zardiw. That puts that matter to rest.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169691643
Sorry about some misspellings in my last post. I did the post on my phone
$BMXI $0.1779 trains leaving the station. CHOO-CHOO!!
LOL that press conference was a recap since the president "ordered" it back in January.
Who cares! LOL did not happened this week as you claim.. and the vast majority had nothing at all to do with gold miners.
BMXI moving up the Most Actives. Now no. 6
https://investorshub.advfn.com/
The article said the President ordered the permit revocations back in January. Hellooo, it's now AUGUST. This did not just happen a few days ago, as you claim LOL
LMAO your article basically says about 10- 20 permits out of 2,065 permits were for gold miners. About one-half of 1% LOL
Between the tiny float + Uplisting to NYSE Tier 2 by Oct 1..
$20 bucks is possible, based on the above facts.
Anyone remember SNP*W. It was a 200+ Bagger--- from .0017 to .35--- in 12 trading days.
$BMXI is on Day 5 of 12. LOL
JMO
Nice DD Choi. According to NYU P/E by Sector. P/E Ratio's for the "Metals & Mining" sector are even higher than you report.
Using NYU's trailing PE multiple of 49, it value's $BMXI at $10.29 today (based on EPS of $0.21 for the last 4 quarters and OS of 32.5M)
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
PE trailing - 49.01 multiple
PE forward - 20.82 multiple
7/29 FDA Press Release
That will tomorrow’s headline all day long and throughout the weekend. With only a 35M float $SIGA will fly
I believe PE = 1 at the moment.
10.85M NI / 662M OS = $0.0164 EPS
I agree $AXXA is a 10 bagger from current levels. Maybe as much as a 30 bagger (30 pe)
https://twitter.com/CornsInvesting/status/1551979915611971585/photo/1
Link?
Not yet. It's due by tomorrow. Why the double bold red?
JMO
Hypothetically, even if 400M common is paid to Pro Music Rights, that's makes $NUVG book value $1.00 with no multiple.
JMO
Smart money is accumulating these cheapies for the big reveal today or tomorrow.
JMO
Bottom is in. Up we go
NUVG down on no news
You gotta love a CEO who asks his shareholder's if they have any questions on Twitter. I wish more CEO's were as transparent as Jake Noch.
$NUVG Does anyone have any questions? https://t.co/T3pCUOIIGR
— Pro Music Rights (@ProMusicRights) July 22, 2022
I believe Pro Music Rights will receive a combination of common and preferred shares for their $414M in assets- as I explained in my post below. Afterwards, if my assumptions are reasonably correct, NUVG should be worth between $1.23 - $2.46. JMO
Read
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169485216
As you indicated, the 8-K and Form 10 disclosures are due by end of day on July 26th.
These filings will include:
A. 2 years audited financial statements of PMR for 2020 & 2021;
(These numbers were already provided in the S-1/A filing. Here they are again:
12/31/20 - Accounts Receivable balance - $107M
12/31/21 - Accounts Receivable balance - $323M
B. 1Q & 2Q 2022 unaudited financial statements;
As per the CEO's tweet on 7/21/22, we know the assets as of 5/31/22 were $414.4M. We do not know the liabilities but I presume they are not material.)
C. Proforma combined financials for the two entities;
(This is not important since NUVG's expenses, assets and liabilities are immaterial.)
D. A detailed company description; and
E. Executive compensation disclosures;
(These items were already provided in the S-1 filing.)
F. A description of the "exchange shares" to be paid by Nuvus Gro Corp to Pro Music Rights, Inc.
The "exchange shares" which $NUVG will issue to Pro Music Rights, Inc will either be Common, Preferred, or both.
(I think it will be a combination of both.)
Here's NUVG's Current Stock Structure:
Common - 66,945,290 OS and 400M AS (as of 7/18/22)
Preferred - 3,246,666 OS and 100M AS (as per NVSOS)
In the S-1, the CEO, Jake Noch has ~56% OS of Pro Music Rights, and the executives of the company have an additional 4% OS. A total of 60% OS. and the remaining 40% is Treasury Stock of the PMR corporation.
Therefore, I believe the exchange shares will consist of two components: Common + Preferred
A. 60% of NUVG Common authorized shares will be split 56% to Jake, and 4% to executives. (Just as they did at PMR since Jake wants 56% OS so he can keep voting and majority control of NUVG.), and
Plus..
B. X number of NUVG Preferred authorized shares of NUVG to be issued to Jake. There are currently ~97M Preferred which could be issued. I could not find a conversion rate in the old filings. In my example, I presume its 1:1 conversion and he receives 97M Preferred.
So, in total Jake (and PMR Executives) are receiving 240M Common (400M AS * 60%) plus 97M Preferred's for a total of 337M fully diluted shares.
Based on $414M in assets as of May 31, 2022 divided by 337M fully diluted shares equals a book value of $1.23. At a 2x book value multiple, that's $2.46.
We closed at $0.30 so there's lots of upside to get to $1.23 - $2.46 based on the assumptions I made in determining the exchange shares.
Since Jake has indicated (in a tweet) his shares are equivalent to being restricted, the low float of 5.4M shares would remain the same.
JMO
The "6 or more month" reference pertains to the lock-up period of the $5.5M restricted Pro Music Rights shares from the private placement last month.
Future event 6 or more months down the road. Live in the present and BANK with us.
JMO
It's hard to believe some are worried about future events. The technicals are screaming a rip your face off squeeze. LMAO
https://www.barchart.com/stocks/quotes/NUVG/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);RSI(14,100);STOSL(14,3);ACCUM;CCI(20,100);SMA(50);ROC(10);MFI(14,100);PTP(50);SMACD(12,26,9);OBV;CHKMF(20)&sym=NUVG&grid=1&height=500&studyheight=100
JMO
Who cares!! We'll all be gone after $NUVG hits $3.00, $5.00 or $10.00. You're spreading fear on some event 3, 6 or 12 months down the road. Buy some shares and make bank. Pretty soon ALL LONGS will be green. And other fence-sitters will still be fiddling the fingers
JMO
Link? You don't sound too sure of yourself lol.
Based on audited financial statements at 12/31/21 book value is $4.83, and $6.20 at May 31, 2022. I'm looking for $3.00 in the next few weeks. A 10-bagga from current levels.
JMO
It's all collectible according to the CPA auditor who dropped the Going Concern paragraph and issued a clean audit opinion. Just because it's not been collected "ON YOUR TIMELINE" does not mean it's not collectible.
Meanwhile, Pro Music Rights raised $5.5M on 6/28/22 from accredited investors to hold the company over until they begin to collect on their Accounts Receivable balances. These shares are restricted for 6 - 12 months.
So, without the immediate need to issue stock.. that leaves us to HAVE A MASSIVE SHORT SQUEEZE. It's gonna be painful for anyone betting against Jake Noch.
Book value based on audited financial statements at 12/31/21 is $4.83, and $6.20 at May 31, 2022. I'm looking for $3.00 in the next few weeks. A 10-bagga from current levels.
JMO
Massive short squeeze coming. 5.4M float
BWAHAHA
https://media.giphy.com/media/LmCYGjPpr1SDS6FqZX/giphy.gif
The auditor CONFIRMED A/R of $323M was collectible when he took out the 'GOING CONCERN' paragraph from his 3/23/22 Audit Report for Y/E December 31, 2020 and 2021.
AUDIT REPORT dated 3/23/22 - No Going Concern Paragraph
https://www.sec.gov/Archives/edgar/data/1831925/000121390022019488/ea158372ex5-2_promusic.htm#a_001
Auditors must comply with Generally Accepted Accounting Principles (GAAP). Since the auditor did not book any 'Allowance for Doubtful Accounts' in either audit year. It is a logical conclusion that in the auditors professional judgement all of the $323M in Accounts Receivable was collectible in the future.
In addition, as part of the auditors audit testing of Accounts Receivable, he would have mailed A/R Confirmations to the company's who owed the $323M to Pro Music Rights. If any of these customers disputed their A/R balance, then the auditor would be required by GAAP Rules to reduce the $323M in Accounts receivable to a more conservative number (the GAAP Principle of Conservatism). This was NOT done the auditor. Therefore, it is a logical conclusion that all of $323M in Accounts Receivables is collectible.
Note: Auditors can be sued for malpractice and they DO NOT just casually drop the 'Going Concern' paragraph unless they have verified the accuracy and collectability of the $323M in Accounts Receivable.
But in Pro Music Rights audits, that's exactly what the auditor did. POOF! The Going Concern paragraph was taken out... end of story!
JMO
QBAN to the moon
That snippet in your post was from 4/13/22. And on 6/28/22, they solved their cash flow issue. In case you missed it. They did a Rule 506(b) private placement to accredited investors and raised $5.5M. That stock is "restricted" (as per 506(b) rules, and cannot be registered for sale for at least 6 months up to 1 year (Google it!)
I reiterate, $NUVG is self-reporting in their tweet $414M in Net Assets and no liabilities, which is in-line with Accounts Receivable balances of $323M five months before on 12/31/21.
Based on 67M OS, The book value is $6.20 without a multiple. Apply a 2x multiple and you get $12 BUCKS. Now, I hope everyone is beginning to understand just how undervalued $NUVG is, and why in ZARDIW post, it showed a FACTOR OF 8,735, when the RM was announced three days ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169459248
JMO
The auditor determined the $323M in Accounts Receivable as of 12/31/21 was collectible. Afterwards, the auditor felt it was appropriate under Generally Accepted Accounting Principle rules to dropped their 'Going Concern' paragraph from their Audit Opinion.
FYI.. Auditors DO NOT just casually drop the 'Going Concern' paragraph unless they have verified the accuracy and collectability of the Accounts Receivable balance of $323M as of 12/31/21. But in Pro Music Rights audit for 2020 & 2021 that's exactly what the auditor did. POOF! Going Concern paragraph was taken out.
I'll say it again since it's so important to understand. For the years ended 2018, 2019, 2020 and 2021 audits, the auditor DID NOT record any 'Allowance for Doubtful Accounts' on the Balance Sheet. That means a minimum of 323M in Accounts Receivables will be collected and recorded as revenue in the future. End of story.
You can "CLAIM" whatever you want about the $323M in Accounts Receivables as of 12/31/21, but you have not performed the audit yourself... a Certified Public Account has! They have included their Audit Opinion with the financial statements and can be sued by unintended third parties (that includes banks, you and me).
LASTLY, and this is HUGE.
The auditor DID NOT include a 'Going Concern' explanatory paragraph with their Audit Opinion F/Y/E 2020 and 2021 (but it was included in the 2018 & 2019 audit opinions).
WHAT DOES IT MEAN WHEN THE 'GOING CONCERN' PARAGRAPH IS TAKEN OUT BY THE AUDITOR?
The short answer is: To use a metaphor.. it's like winning the entire Mega Millions Lottery of $790M next week.
But seriously here's the longer answer: The Going Concern paragraph is viewed by layman as a 'Black Eye'. Nevertheless, it's inclusion is common place because we live in a litigious society and lawyers sue everyone involved if their client loses money in an investment.
For example, if anyone loses money in $NUVG because the Accounts Receivable balance is not collectible, then we can file a class action lawsuit against the auditor for negligence and malpractice. Why? Because we relied on the financial statements and disclosures to make an investment decision. So, auditors DO NOT just casually drop the 'Going Concern' paragraph unless they have verified the accuracy and collectability of the Accounts Receivable balance of $323M as of 12/31/21. But in Pro Music Rights audit for 2020 & 2021 that's exactly what the auditor did. POOF! Going Concern paragraph was taken out.
JMO
Really? So, the "audited" Accounts Receivable number of $323,000,000 should be ignored in valuing $NUVG. I don't think so for the reasons I stated in this post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169481462
You left out the part where it says Jake Noch "intends to refile". Why? did that not suite your purpose.