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That price is looking excellent right now!
https://www.otcmarkets.com/stock/VNUE/news/Nashville-Music-Exec-Witt-Stewart-Joins-VNUE?id=343813
A little more news to add
https://www.facebook.com/1639228546305851/posts/3177770472451643/?d=n
Excellent pre-planning meeting in Nashville ahead of the closing of the #stageit acquisition! L-R VNUE CEO Zach Bair, StageIt founder Evan Lowenstein, and Jock Weaver.
Very interesting thought, hope to see some details very soon with the closing of the acquisition.
Fingers crossed! Been waiting awhile!
From Zach’s Facebook page:
Big few weeks coming up in music and in tech...
- Closing StageIt imminently... can't come soon enough!
- Working on some other very interesting deals VNUE INC
- Music video shoot for new single tomorrow with Blake Heimbach and Hotkey Studios, who has done an epic job with our prior videos
- Jan 28 opening for Eric Martin at Rockhouse Live Memphis
- Hoping to meet up with my buddy and StageIt founder Evan Lowenstein in Nashville, first week in February!
- Feb 18-19 our band is performing with Tony Cardenas-Montana and his band Shadow and The Thrill in Nashville
- FEBRUARY 21st - RELEASE DATE FOR THE NEW SINGLE
Very well said, thank you
Via Facebook
Company Update from CEO Zach Bair:
Many of you have been hungry for an update, so I thought I would try to give you a quick overview of the progress the company has made, and it has been substantial. Remember, especially in technology, there are always things going on behind the scenes that may not always warrant a press release.
First and importantly, the StageIt acquisition is still very much alive and we expect we will be closing this deal imminently. It has taken longer than anticipated because of the audit required by the SEC when a private company is acquired by a public company. We are at the one-yard line and everything is looking great. You have probably seen the news release concerning our very successful StageIt Livestream with Rob Thomas, where we combined our technologies like set.fm and in fact even DiscLive to create exclusive packages that were made available to fans. Bringing artists we work with to the StageIt platform is a sign of our dedication to the platform and excitement for its integration into our other offerings. Considering we brought in over $130,000 for Sidewalk Angels Foundation in less than two hours, I would say that this was a great benchmark for how StageIt fits into our strategy and offerings to artists and labels.
In regard to Soundstr, development has continued relentlessly and progress has been incredible. We have been tweaking and testing, and doing extensive work with some of our early-adopter radio stations and physical locations. The latest reports are extremely accurate and extensive – one covering several weeks of monitoring without a single glitch. We have several more units being shipped this week for deployment, and recently have identified more physical locations that will be activated.
I also know a lot of you are also anxious about our quest to uplist to the OTCQB, as are we. We are still working on this and getting a lot closer. Let me just tell you it has been an incredible amount of work and has again taken much more time that I would have anticipated, but we have had to answer numerous questions from OTC Markets, and provide them with information and data requested along the way. The most important aspect is that they had been advising us that the convertible debt was too high, even though we have met every other requirement. And, as you know, I’ve personally dedicated many hours to help get that debt down over the last several months. At the end of last year, we had convertible notes payable of about $1.95mm, and a derivative liability of $3.15mm on our balance sheet. With all of the work that I have done in this area in 2021, including convincing our largest note holder to convert a large portion of it into equity, and to restructure the remaining amount to a straight promissory note, we have now only about $635K in convertible debt, and importantly, our derivative liability is zero. This is a huge achievement, dramatically reduces potential dilution, and improves the balance sheet significantly. With this last piece of the puzzle, they have only requested one more bit of data, so my hope is we cross the finish line soon!
Finally, our live music business is looking up after having to take an unwanted break because of the pandemic. As you know, the live music industry was decimated, and is just now starting to bounce back. The good news is that there are a lot of artists looking for additional revenue that can be generated, and VNUE is an ideal position to do this, with set.fm, StageIt and DiscLive. We are actively scouting new tours and have the Matchbox Twenty world tour on the books – which originally was slated for 2020, but now for 2022. As more people get vaccinated, we expect the live music market to gradually continue to open up and with that, more opportunity for our technologies to be leveraged. And, for those artists still reluctant to tour, StageIt is the ultimate monetization platform, ready to answer the call.
All in all, there are great things happening, and after five years of my being at the helm, the company is starting to really get its legs. Stay tuned, and as I like to quote the late great Steve Jobs, “Stay Hungry. Stay Foolish.” Because you can’t change the world unless you take the chances to do it.
Thank you for your support and belief in VNUE!
Zach Bair
CEO
Safe Harbor
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to general stock market conditions. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.
#vnueinc #soundstr #stageit #vnue #setfm #disclive #disclivenetwork #musictech #MusicTransparency
Could be related to this FB post from July 8, 2021?
VNUE has never been in a better position - and I am incredibly excited about the future!
And for those engaged in the practice of toxic lending - meaning outfits that are just in the business to effectuate egregious profits off the backs of small cap public companies - the SEC is coming for you and I'm thrilled, and you will not take advantage of VNUE. And I will be glad to throw the SEC an assist if they should ask. Nothing I hate more than bottom feeders, and after running two public companies, my patience is at an end for douchebags.??????
performa007 it was posted on both VNUE and Zach’s Facebook pages, unsure how to provide a link to the Facebook post. It seems Zach’s preferred place to post updates is his Facebook page.
A note from CEO Zach Bair:
"Just a quick update. The StageIt acquisition is coming along and we will in fact have a nice show announcement soon. These things just take time, as there are complexities when a public entity acquires a private company. On a side note, we have again conducted outreach to the OTC Markets Group following the rather dramatic reduction of our convertible debt, and we hope to have an answer soon for concerning our quest to uplist to the OTCQB. Stay tuned and keep rockin! ~Zach"
Slowly but surely building a live music empire… :)
From Zach via his Facebook account:
I would like to remind VNUE INC shareholders - who are always hungry for info - that in the meantime, while there is a lot of activity behind the scenes, the RockHouse Live empire is rapidly building, and remember VNUE has 4.99% of that.
What this means folks is that 4.99% of net revenues will eventually flow into VNUE. With RockHouse Live Clearwater Beach already going gangbusters, and with two other terrific locations going online in the next six weeks, RockHouse Live Oxford and the incredible RockHouse Live Key West, we are talking roughly $15-20 million in annual gross revenues AND each location will be leveraging Soundstr and set.fm - both VNUE technologies. Everything ties together.... stay tuned...
I understand the many grievances being aired; however, doesn’t the recent debt to equity conversion of almost $1 mil ease some anxieties/fears?
Facebook update from Zach
New interview with Zach from YouTube.
Not sure if anyone caught this interview Zach posted on Facebook this evening. Talks a bit about the Soundster device with some details I hadn’t heard previously.
There are some meds that can potentially degrade into toxic metabolites over time; however, that is generally well beyond the established beyond use date or storage requirements. I can’t speak to this particular vaccine, as I haven’t seen the in depth stability data.
In my experience (hospital pharmacist), storage reccs are made based off loss of active ingredient in excess of 10%. Therefore, if they say meds can be kept out of freezer for x hours. You would expect a loss of > 10 % active ingredient after x hrs.
Agreed, just as we have Tamiflu and inhaled zanamivir for influenza treatment with the presence of a vaccine, it would be great to have a treatment option at early onset for Covid-19 (ie Aviptadil) even with a vaccine available.
Curious if anyone has compared the Soundstr technology to that of what BMAT offers? Looks as if this isn’t a completely novel idea.