VNUE Inc (VNUE)

[AlwaysRed]

Interesting numbers:

In 9 months the "Company" raised $647,645 from dilution of the stock.

Proceeds from the Company’s equity line from the sale of common stock $647,645

Another $164,400 from Proceeds from the sale of Series B Preferred Stock

Over the last 9 months the total net loss of this "Company" has been: $-1,124,029

Accumulated deficit: $-38,151,090

That is over 38 million dollars. LOL

But they do have a net revenue of $245,779 over the last 9 months.

So if they could continue to generate 245,779 dollars every 9 months and use all those proceeds to pay off their debt of 38 million dollars it would take 1,391 months to pay off the debt which amounts to 115 years.

Of course they can't use any of that revenue to pay off debt. They use it to pay themselves.

They fund the Ponzi scheme off the backs of shareholders. Dilution

They use the losses for tax write offs.

"The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed consolidated financial statements as of September 30, 2023, the Company had $28,433 in cash on hand, had negative working capital of $6,929,188 and had an accumulated deficit of $38,151,090. Additionally, for the nine months ended September 30, 2023, the Company used $941,419 in cash from operating activities. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date of the condensed consolidated financial statements being issued. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to raise additional funds and implement its business plan. The Company does not have any commitments for additional capital"

Weren't the shareholders supposed to receive 4.99% of revenue from RHL?:

https://www.prnewswire.com/news-releases/vnue-inc-receives-equity-interest-in-rockhouse-live-international-llc-301214395.html

Where is that in the financials? Is it fraud to promise something to shareholders VIA press releases and then not follow through? Isn't that lie fraud?

What about the 2 times he said there was an uplist to Nasdaq? Did anyone call the lawyer that was supposed to be setting that up? Aren't those lies fraud?

How many RHL locations have gone out of business already? Does anybody following this stock know? I do.......

Where did the team of pumpers go? Why did they all suddenly disappear? All of them gone just as fast as they showed up? Amazing right? A coincidence i'm sure........