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Tuesday, January 12, 2021 11:25:51 PM
Let's say the company decides to buy back 211,482,789 shares on the open market at today's closing price for a total of $2,432,052. If they get at least $5 million in funding, this amount would be less than half of that.
This gives us an O/S of 1 billion flat, with at least $2.5 million going towards investment in R&D and operations.
We know that Soundstr is close to being rolled out, and $VNUE has business on the ground in Florida as well as pre sales of over $100,000 for a Matchbox 20 tour this Summer. They estimated they would have made $1.5 million in 2020 if not for COVID.
All that being said, the company is looking at about a $720 million valuation if we are comparing to a similar company in the OTC like T/S/N/P, which is a tech company that has no revenue and minimal operations. The current market cap of T/S/N/P as of today is $728M. $VNUE is well past T/S/N/P at this point so this is an extremely conservative estimate.
$720M market cap divided by 1B in shares gives us a target price of $0.72, which again, is an extremely conservative estimate.
Recent VNUE News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/13/2024 09:10:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 03:29:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 11:23:47 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 12:00:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/11/2023 09:05:49 PM
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BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM