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Fingers crossed
You get it...some don't
De four posted financials of an on going business previously...obviously, if there is no follow up, that would be fraud...I'm assuming we'll see something in Feb
Sounds more like you need money badly...just a hunch
Think in a couple weeks...
Hear hear hear all about it...got BIG acquisition news today
Fresh Vine Wine Inc. (NYSE American: VINE) (“Fresh Vine”) today announced it has executed a definitive merger agreement (the “Merger Agreement”) to combine with Notes Live, Inc. (“Notes Live”), the Colorado-based live entertainment and hospitality company, that currently operates entertainment campuses in both the Colorado Springs, Colorado, and Atlanta, Georgia metropolitan areas. Notes Live is also in the process of developing its crown-jewel, the Sunset Amphitheater collection, a set of luxury outdoor amphitheaters designed to set a new standard in entertainment. The flagship Sunset amphitheater location in Colorado Springs is in development and scheduled to open in August of 2024. Additional amphitheaters have also been announced by Notes Live in Oklahoma City and Broken Arrow, Oklahoma, and it has plans to expand into the North Texas market. The transaction contemplated by the Merger Agreement (“Transaction”) is anticipated to close in June 2024, subject to approval by Fresh Vine’s stockholders, and the satisfaction of various additional closing conditions.
The Transaction will be an all-stock transaction. Specifically, at the closing of the Transaction, Fresh Vine will issue shares of its common stock to Notes Live shareholders pursuant to a formula intended to allocate existing Fresh Vine stockholders and Notes Live shareholders a percentage of the combined company. The respective percentages will be based on agreed upon relative valuations in which Notes Live is being valued at $350 million, plus the amount of gross proceeds raised by Notes Live in its current equity offering of up to $50 million, and Fresh Vine is being valued at $18.0 million. The percentage of the combined company that Fresh Vine stockholders will own upon the closing of the merger is subject to adjustment based on the amount of Fresh Vine’s net cash at the time of closing.
Founder Chairman and CEO of Notes Live, JW Roth, will assume the role of Chairman & CEO of the public company at closing. The Merger Agreement contemplates that Fresh Vine will change its name to Notes Live Holdings, Inc., and its NYSE American ticker symbol to “VENU” upon closing.
“On behalf of our team here at Notes Live, we want to thank Mike Pruitt and his team at Fresh Vine for their trust in our vision to build a one-of-a-kind live entertainment and hospitality company. Mike and his team join a chorus of world class partners in the Notes Live family,” said JW Roth, Founder, Chairman and CEO of Notes Live.
“The team at Fresh Vine Wine couldn’t be more excited about the opportunity to partner with Notes Live on what we expect will be an incredible journey to become one of the leading live entertainment companies in the world. The Notes Live business plan combines a unique financing strategy that includes public participation that results in a significant economic boost to communities where Notes Live venues will operate. Community leaders from across the US are teaming up with Notes Live to provide the necessary public contributions for infrastructure, because they see the positive impact that a Notes Live entertainment campus will bring to their communities. It’s a win-win public private partnership and we believe that JW Roth and his team have the perfect experience and execution skills to deliver an incredible product for the communities in which they will operate,” said Mike Pruitt, Chairman and CEO of Fresh Vine.
The Merger Agreement sets forth certain conditions precedent to any closing of the Transaction, including among other things, the approval of Fresh Vine’s and Notes Live’s shareholders, the receipt of regulatory approvals that may be required, including approval by the NYSE American for the continued listing of the combined company’s common stock after closing, Fresh Vine satisfying minimum net cash requirements and having no liabilities on its balance sheet or unpaid or unsatisfied obligations that will require a cash expenditure by Fresh Vine after the Effective Time, Fresh Vine completing a sale, license, transfer, disposition, or divestiture, or winding down of Fresh Vine’s current wine production business in a manner reasonably acceptable to Notes Live, the absence of dissenting Notes Live shareholders and the entry by Notes Live into lock-up and leak-out arrangements with its shareholders to its satisfaction. There can be no assurance that the proposed Transaction will be completed as currently contemplated on anticipated timelines, or at all. Additional information about the transaction will be provided in a Current Report on Form 8-K that will be filed by Fresh Vine with the Securities and Exchange Commission (SEC) and will be available at www.sec.gov.
Financials are next ...let's see what they look like
So let's say you own a few million for a few mos. then this goes to .10...won't you be happy with that?
He's a professional...I could tell by his BO...lol
Holy smokes congrats
Come on you're a big boy... stop crying
We know about that one...we're hoping this one will work for him
There are financials with revenue here and more coming...this may not run as fast as you want it too...there's potential for those who are longggggg
When's your next birthday?
Yeah forget about the 2s
Nah...
Careful the pumper-nickels are here...
Would be like losing my virginity lol
John is about to box up and sell his 2nd T-shirt...(1 per year)...he hasn't sold a single thing expect his first T-shirt last yr
It certainly is...step by step...inch by inch...lol
Good news thx...I'll be most interested in seeing how much De four pays himself and earnings...we already know the SS is up there as expected...Financials will tell us a lot
We play these and hope for the best...unless this is a complete fraud ie. financials are completely made up etc...we s/b fine...just have to stay patient
I use Etrade...put a small order in and didn't get that message...I suggest calling them... wait an hour(lol) and asking them
What's this?
This isn't Mount Rush More lol
I have a feeling this going back to trips where most of these P&Ds go...this crashes tomorrow
time to sell...news coming
Based on what?
These take time...ie. symbol and name change etc...worst case scenario a couple mos. before news I'd say...just keeping it real...De four paid $50K for this ticker, let's see what he does with it
Actually the acquisition is very new...this is along term hold...you may not make any money here for a while...got to go elsewhere where for a quick buck...
I'm @ a cool 2M shares ...stopped there...this is my lotto ticket
$1 hit
Where do you see the PPS heading by year end
Just looked at the financials...the company doesn't make MONI
I'm with you...this is a good play long term...also I'm not knocking anyone who's riding this out either...It's to each its own how they want to invest...there are those who ride the wave up and down knowing what they own...I'm doing that with a couple others
Nice...enjoy it
Lol...I actually sold yesterday...I have a couple others running...only lost $66
.. .you have this one right for now but it will run again
Going higher
Agree, we all know these kinds of OTC plays are a gamble when we invest...so we have to ride 'em out before we know exactly what we own...lol
Those that sold will be kicking themselves