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Do your DD. The $5.5M came from accredited investors, not from an "institution or venture capitalist. It was a Rule 506(b) private placement. The shares are restricted for at least 6 months and up to a year.
Here you go
Go to SEC.gov
https://www.sec.gov/edgar/searchedgar/companysearch.html
Search - "Pro Music Rights"
https://www.sec.gov/edgar/browse/?CIK=1831925
Click on the S-1/A - dated 4/13/22
https://www.sec.gov/Archives/edgar/data/0001831925/000121390022019488/ea158372-s1a3_promusic.htm
Go to the bottom of P. 7 of previous link
Note: The S-1 was withdrawn on 5/25/22
https://www.sec.gov/Archives/edgar/data/0001831925/000121390022029530/ea160630-rw_promusic.htm
Your use of the word "claiming" is misleading.
Nice! and thank you. Did you see their proposed NASDAQ symbol on page 7.
RESERVED SYMBOL ON NASDAQ: “MUSIC”
There are currently no plans for a RS as per Pro Music Rights/$NUVG
https://twitter.com/ProMusicRights/status/1550179832985681920/photo/1
A Change of Control Form 1-U was filed this afternoon
$NUVG it's been sent out https://t.co/SOKS419LTF
— Pro Music Rights (@ProMusicRights) July 22, 2022
When you RM a company saves on IPO fees to Wall Street firms and keeps much more equity than if they had IPO’d. That’s a fact.
Have you ever heard of the CK*X / SPE*A reverse merger? You should look it up. That was later referred to as the Elvis Presley company, and subsequently bought American Idol. SPE*A stockholders made a fortune.
ONE O’CLOCK that is huge!!
$NUVG had recurring monthly REVS of $83 mil In 2021. That’s a billion $$ in trailing annualized REVS.
Apply a 2x - 3x REV multiple and Pro Music Rights/$NUVG is looking at a $2B - $3B market, or $30 - $45 stock price.
(No wonder ZARDIW algorithm showed a factor of 8,735.)
One of the principles of GAAP Accounting is "conservativism". Had the company booked an 'Allowance for Doubtful Accounts' against those receivables, then I might agree with you. As it stands now, all of the receivables are collectible according to their CPA audit firm.
... and "YES", I am a retired CPA.
JMO
When the float is tight like it is, this is how MM's shake loose retail shares. Get used to it as we climb to book value of $6.20.
JMO
Ok. I'm rooting for you. Go WINNAAR123!!!
Have a great weekend
~MOASS coming~ 5.4M float
The DTC is a depositary of stock certificates (certs) whose purpose is to facilitate electronic settlement.
As you may recall, when you opened a brokerage account you had the option of allowing your brokerage to hold your certs. If so, your certs are now held at the DTC. For all others, they receive 'hard copies' of their certs.
When it comes time to sell.. the former group of investors simply places a trade; whereas, the latter group, needs to actually locate and mail in their paper certs.
So, for all practical purposes 5.4M is the float. But potentially that number could rise to 12.6M shares but not likely (the unrestricted number)
12,680,148 are UNRESTRICTED. That’s only 18%.
5,451,752 are held at DTC, I’m presuming that this could be the float, which means that these are the tradable shares in the marketplace. Which isn’t much.
C'mon WINNAAR, say something scary to make the stock go down. I want to buy more at $0.225 :)
$NUVG has a $6.20 book value
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169470073
Book value for $NUVG is $6.20.
The Company's unaudited balance sheet however does have 414.4M USD of assets on it as of May 31, 2022
$NUVG PT2 - Trade Credit Insurance to prevent the company from having to face the credit risk of our downstream licensees going forward in the future - The Company's unaudited balance sheet however does have 414.4M USD of assets on it as of May 31, 2022 -
— Pro Music Rights (@ProMusicRights) July 21, 2022
NUVG $0.319 nHoD
My average cost is $0.218. All my orders from yesterday filled. Praise the Lord!
I looked back at your posting history and saw the first stock you bought $BLSP back in Dec 20' - Jan 21' was quite a running. Congrats and gave you a follow brother.
I got filled at .1897. Give me more.. please!!
Thanks for the update VISCHERS & ZADAUNIVERSE.
Gotzzz to keep FINRA happy by verifying that profile every 6 months. Otherwise, get slapped down to the Expert Market.
https://www.otcmarkets.com/stock/QBAN/overview
Three PR's in 2 days, and several tweets. Off to a good start in management communicating to shareholder's.
https://www.otcmarkets.com/stock/NUVG/news
https://twitter.com/ProMusicRights
NUVG $0.25 .. Nice!!
I like that the CEO took questions on Twitter
News coming after OTC approves News Service Application
Pro Music Rights
@ProMusicRights
$NUVG The OTCIQ Disclosure & News Service Application for Nuvus Gro Corp has been Submitted To @OTCMarkets for Review
12:15 PM · Jul 21, 2022·Twitter Web App
$NUVG The OTCIQ Disclosure & News Service Application for Nuvus Gro Corp has been Submitted To @OTCMarkets for Review
— Pro Music Rights (@ProMusicRights) July 21, 2022
There are currently no plans for a RS as per Pro Music Rights/$NUVG
https://twitter.com/ProMusicRights/status/1550179832985681920/photo/1
The bottom is in :)
I got my orders set. I hope your right brother. Interesting how you went from "teens" to "lower 10's". Regardless, this one is a winner.
QBAN .0008 weeeeeee
Regardless of whether one buys at .37 or .17, $NUVG will be one for the record books. I'm stoked that my large order at .27 filled and hoping my remaining large orders at ,25, .21 and .198 also get filled.
WINNAAR123, you may or may not get your fibonacci retracement of 38.2%. We shall see. Meanwhile, I am accumulating "large blocks" in the 20's knowing this is an easy 10 - 20 bagger.
$NUVG huge opportunity to bank BIG!!
ZARDIW, I have never seen an 8,735 factor before. $NUVG is true GEM!
$NUVG $3.00 - $5.00 target
I got lucky and got a partial fill at .27 this morning :)
Let's get an ice cream cone afterwards, ok? lol
THE OTC IS ON FIRE BROTHER
$CZNI just ran from .0001 to .0018. And dare I mention NUV*G (up over 1,400% today, and up 2,300% at it's peak)
OTC is gone
That's awesome. Very happy for you. As word spreads of $QBAN net profit and positive cash flow, I expect the stock price to gain significant traction towards $0.01.
NOTE 5. Notes Payable has been paid off.
As of May 31, 2022, and May 31, 2021, total Debenture Notes Payable were $0 and $43,375, respectively.
These financial results are GREAT!! $QBAN is an easy penny runner in the near future based on these results.
https://www.otcmarkets.com/otcapi/company/financial-report/339886/content
I'm a retired CPA, and these numbers for the (trailing) six months ended 5/31/22 were jaw-dropping.
The net profit was $1,088,973 (Annualized = $2.18M)
OS- 7,259,394,066 shares
Annualized EPS was .0003
If we apply a PE Ratio of 20 - 30 (which is reasonable) that gives us a stock price of .006 .009
If that doesn't get you excited... THERE'S MORE!!!
The CASH FLOW was a positive $929k
"Net cash provided by operating activities $929,442"
You should get them this week. Good luck and gave you a follow.