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Re: AlwaysRed post# 17485

Monday, 06/28/2021 10:03:07 AM

Monday, June 28, 2021 10:03:07 AM

Post# of 22599
A few biggies for me:

1. June 22, 2018 Interview about Soundstr commercialization (yes 2018!): "With this new model in place, and set to launch July 1st live on radio stations, the revolution will be music to your ears." Found here:

https://zachbair.com/2018/06/22/interview-with-vnue-ceo-zach-bair-in-food-beverage-magazine/

2. The powerful pump surrounding the (great) interview by Zach in spring of 2019, in which we later found out the very questionable Zach Noch (also a recently announced client) bought and sold shares a lot of times. He also was posting on the board. Zach's interview raised high
expectations for near term huge financing thought to be handled by Jock Weaver who oversaw Hard Rock cafe rise to fame, and we were assured that it would be non-dilutive or minimually dilutive. Note: This was way before Covid. Instead massive dilution began right after that and shareholders waiting for months with nothing to show for their patience. Stock price crumbled further.

3. Huge new of the Beta in fall of 2020 with plans to go commercial in Q4, and 450 units videotaped by CEO - ready to go out. No worries about financing, as we were again assured it was not far off, and minimal dilution. Nothing came to fruition.

4. Instead of commercial rollout, we witnessed multiple fluff PRs, and some interesting -- much longer term initiatives being rolled out, with very little talk or detail re the status of the Beta. Despite the obvious priority shareholders were placing on Soundstr, the impression was that the company was not prioritizing it for some unkown reason. RHL and his own musical career seemed to be far more interesting to the CEO, who per the recent S-1 is the only full time employee of VNUE.

5. Finally some fundings are announced, accompanied by one very confusing S-1 containing embarrassing and misleading numbers re the effect on OS (ie dilution). How does that even happen? When the largest funder is announced, it is a company that has a terrible track record (see recent post) of crumbling stock prices in the year following the announcement of similar large fundings by them. Considered to be a toxic lender that sells as soon as he lends and gets the shares promised. No statements are in 8k or S-1 or announcements in the PR that the lender(s) would be holding shares for any period of time, as would always be the case with a friendly lender.

I hate to falsely accuse anybody, and there are alternative explanations, but certainly these things have the look of something fishy, and it is not our fault that they look that way. And, rather than having to 'call the CEO', the onus should be on the CEO to correct any misunderstandings on things like these, because the doubts aren't coming from us, they are coming from a disconnect between very high expectations of shareholders resulting from what they were told would happen, and what has actually happened.


My philosophy is to just be honest and balanced, and let the market decide if it agrees or not.

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