VNUE Inc (VNUE)

[tedpeele]

he did say recently he plans to do a video, so maybe in that he will give some much needed clarity to his plans for Soundstr.

FWIW here's what I emailed two weeks ago:

Hi Zach,

Thanks for the FB update yesterday. Was good to see.

I'm very pleased with much of the progress that you pointed out, and I've posted about that progress. However, I've been a long term holder and trader of the stock and the most frustrating thing for me has been not the lack of commercialization of Soundstr, but your silence about it.

In early Q4 of 2020 you said to expect initial rollouts of Soundstr to radio stations to begin in Q4. You posted a video of the 400+ units being opened. You said it was a 'no brainer' that stations would be willing to pay for the units after their initial trial period.

The clear implication was that you expected commercialization to begin nearly immediately -- that the beta testing was almost like a formality after years of preparation and the (then) recent alpha testing, and that the millions of dollars from thousands of units would soon be rolling in. That's the reason the stock price went nuts.

When it didn't happen that way, the price dropped but many held on to the belief that it was because financing to distribute was missing ----but that the units were ready to go with no further development necessary.

Here we are nearly a year after financing and no commercialization, and you haven't explained why it didn't happen as expected. This is especially frustrating because YOU raised those expectations. I and other shareholders feel misled. What other reason(s) are there? Well, there may be some that are very reasonable but when they aren't given - even in a generic way if you don't want to reveal too mch, that doesn't set well. I've reached out to one of the station participants and throughout nearly the entire time since Q4 he's reported to me that he really doesn't know what is going on with Soundstr either. That of course has added to the frustration because the appearance is completely at odds with what you had said.

I know things from your perspective probably look completely different. But if you're baffled as to why the share price has tumbled so much -- this is why. If you truly love shareholders -- please do us a favor and tell us what happened, and what happens when timeliness are missed. If you feel like we don't need to know and there is plenty of reason to trust you (ie your background, devotion to music, etc.), I would agree but at the same time investors in the OTC have been burned by dishonorable CEO's so many times that we are a distrusting bunch - and silence after raised expectations aren't met is one of the biggest triggers for feeling like it's happening again.