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Saturday, July 23, 2022 2:06:36 PM
Here are the basics.
Their twitter page is very active. I suggest you go through it to get a feel for their style. @ProMusicRights
This is their OTCM page, but it’s being updated. Most of the info on it is from the previous company. That has already started changing though. You can already find Jake Noch as CEO.
NUVG - Nuvus Gro Corp | Company Profile | OTC Markets
Their share structure is amazing. Only 67 million outstanding shares, and most of that is restricted
Announcement of the reverse merger https://finance.yahoo.com/news/pro-music-rights-inc-one-123000803.html
Announces Jake Noch as new CEO of NUVG
https://www.prnewswire.com/news-releases/pro-music-rights-inc-announces-jake-p-noch-as-new-ceo-of-nuvus-gro-corp-otc-pink-nuvg-301590705.html
Qualifications of Jake Noch
https://files.brokercheck.finra.org/individual/individual_7323097.pdf
This is an important tweet about their value and share structure going forward
$NUVG Low Revenue Currently as we had some cash flow issues During Covid-19, However, we have already started on collections with a great success rate & have 1.2B+ USD owed to the company over the next five years, we are in the process of trying to get - pt1 https://t.co/HoHS3nnaoH
— Pro Music Rights (@ProMusicRights) July 21, 2022
This from BEFORE Pro Music rights bought the controlling block in $NUVG.
As you can see, assets were rising year over year, and this fits with the most recent valuation in May 2022 of 414 million dollars
It can be found here
https://www.sec.gov/Archives/edgar/data/0001831925/000121390022019488/ea158372-s1a3_promusic.htm
Thank you @CorbellSherri
Here’s an excerpt from Pro Music Rights now withdrawn S-1/A before they bought the control block in $NUVG
— Sherri Corbell (@CorbellSherri) July 23, 2022
This can be found here: https://t.co/rO2NzWY4SV pic.twitter.com/MCkpzT0P9N
Here’s a reply to a person on twitter stating that he is not diluting
Also, there are no plans for a reverse split
$NUVG Currently there are no plans for a Reverse Split - we were initially reviewing if a forward slipt might be needed due to historically low volume but The past 24 hours have changed my thoughts on that drastically.
— Pro Music Rights (@ProMusicRights) July 21, 2022
They are moving quick. They stated they’d get this form filed and they did https://www.otcmarkets.com/filing/html?id=15961418&guid=WKU-knejEd9kdth
You’ve seen the numbers.
414 million dollars in assets.
1.2 billion dollars in collections in the next five years.
All squeezing into 67 million outstanding shares with no plans for dilution or changing the SS.
This reverse merger isn’t an “IF”. It’s a done deal and the paperwork is being filed.
I will not even get into the multiples on the stock price. I’ll let others discuss that. But this is worth TEN’s of dollars per share.
Recent SONG News
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