$PSRU - Key Points - Shareholder Update - November
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Posted On: 11/27/2022 3:36:45 PM
$PSRU - Key Points - Shareholder Update - November 21, 2022
Updates on Recent Material Progress Across The Company
Dilution
- Dilution - and the subsequent raising of capital - is an important element so that the company can grow.
- Every dollar of capital raised that is used for corporate purposes has the potential to provide exponential returns.
- Once sufficient capital has been raised to fund several initiatives and projects, the company will immediately cease dilution.
- When the various ventures are successful, a share buyback program will be instituted to retire shares that are undervalued - thus increasing shareholder value.
Sumer Technology
- The stake in Sumer has been sold for five times the amount paid for it.
American Basketball Association Canada, Hollywood Action and Beverly Hills Majestics
- ABA Canada purchased in 2021 - giving majority ownership and exclusivity on all ABA activities in Canada.
- Launching a professional sports league is a long-term endeavor - will require adequate staffing and hiring of executives.
- Search and interviews have begun for a Commissioner and other key executives.
- Signed an ABA Team Reservation Agreement to launch a professional basketball team in Beverly Hills and Hollywood, CA.
- Preliminary work has been performed on all of these deliverables.
- Infrastructure for each team is completed: logos designed, social media accounts, bank accounts, initial budgets, business plans and scores of other tasks.
- Search for a General Manager has also begun. He/she will be responsible for assisting with a large portion of the teams’ startup tasks.
VE Gaming
- Entered the gaming sector late-2021.
- Global gaming industry has exploded as player numbers increase and games become more accessible.
- Gaming industry now worth more than $200 Billion - shows no signs of slowing.
- Tech giants such as Google, Meta and Apple have all made plans to expand their presence in the video gaming-industry.
- Analysts predict the industry will generate more than $260 Billion in revenue by 2025.
- VE Gaming is developing exciting and noteworthy games for all major gaming platforms.
- Exciting plans in the work s for VE Gaming to become a triple-A gaming studio, on par with publishing and development teams like Activision, Rockstar and Epic Games.
- Development on a high-level basketball video game has begun.
- VE Gaming has also engaged the game studio Robot Sea Monster to develop a slate of Web3 and mobile games.
- Already completed production on the demo for Roo Awakening.
- Continuing development of several other gaming properties.
Debt Reduction
- A significant portion of convertible debt has been cancelled.
- CEO has personally agreed to forgive all of his convertible debt to increase the profitability position of the company and to make the balance sheet significantly stronger.
- $26,500,000 of debt forgiveness filed with otcmarkets.com March 31, 2021.
- Without the burden of debt weighing on the company, $PSRU can now dedicate its energy and funds to the many projects maturing under its subsidiaries.
Providence Film Group
- One of the most active subsidiaries of $PSRU.
- Emergence and popularity of streaming giants like Netflix and Hulu have generated an insatiable need for content - so $PSRU is ramping up productions.
- Ambush Karaoke pilot - directed by industry veteran and former American Idol producer Ron DeShay - completed.
-- Paula Abdul, an executive producer, is also set to be a judge on the show.
-- Now set to begin discussions with major networks for distribution.
- Also completed production of horror movie The Knock - the first film with Subplot Entertainment.
-- Will be seeking a sales agreement with a firm like Netflix or a comparable distributor.
- Entered film development deal with the iconic New Republic Pictures and its founder renowned film producer Brian Oliver.
- First joint development project is a remake of the 1978 war and action classic "The Wild Geese”.
-- Expect to close on the balance of the financing - around $60M - and begin production in 2023.
- Second film development project is a bio-pic on Zelda Fitzgerald - a famous American socialite and the wife of F. Scott Fitzgerald.
-- Expect to close on the balance of the financing - around $50M - and begin production in 2023 as well.
- Branded docu-series about Biolase Inc. “Talk Dental to Me”.
-- Production has been completed with the entire season expected to be fully edited by the first week of December.
-- Expecting a distribution with Netflix, the History Channel or a comparable network or distributor.
- Providence Film Group, Inc. also acquired the full rights to 12 famous movies including remake/reboot rights:
-- Adios Amigos (1976):
-- Adventures of Huckleberry Finn (1953):
-- Black Brigade, aka Carter's Army (1970):
-- Callie and Son (1981):
-- Fists of Fury (1971):
-- Ginger in the Morning
-- Great American Tragedy (1972):
-- Gulliver's Travels (1939):
-- Nuclear Run (1980):
-- Revenge of Doctor X (1970):
-- Swamp Thing (1982):
- $PSRU has "rights of every kind" to distribute, broadcast and sell anywhere in the world - including copyright interests, all production rights, subsidiary rights and more.
- $PSRU will also retain all negative and positive films, picture prints and all other forms of media related to the titles above - and intends to fully utilize these extensive new cinematic assets to increase shareholder value.
- “Fists of Fury” reboot has also begun - working title “Fists of Fury: Johnny Too Bad”.
- "Laugh At LA" - a 12-episode series of stand-up and sketch comedy shows - has been completed.
ANI
- Acquired an equity stake in a premier crowdfunding company America's Next Investment (ANI).
- Can be described as "Shark Tank meets Kickstarter”.
- The TV portion of ANI is featured on major financial channels such as CNBC, Fox Business, and Bloomberg.
- This helps drive interest and promotes the company's investment thesis and message to investors in real-time.
- Viewers of ANI can go onto its website - americasnextinvestment.com - and invest in the startup company they saw, and like the prospects for, on an episode through ANI's crowdfunding platform.
Fungy
- Fungy - the “Beta version” of $PSRU's NFT marketplace - has been launched.
- Fungy allows artists and creators to issue, buy and sell custom digital assets representing ownership of their digital work.
- Fungy is both a marketplace for those assets and a distributed network built on the Polygon blockchain - enabling trade without a middleman.
- There are many exciting updates and developments coming for Fungy in the coming months.
- Venture capitalists and angel investors have shown massive confidence in the sector by pouring $ billions into digital currency and blockchain start-ups.
- Thanks to its unique approach and marketplace, Fungy has already received worldwide interest that will crossover into the new year.
New Day Entertainment
- Acquired an equity stake in New Day Entertainment (NDE) - an independent US-based entertainment company - to develop, produce and fund feature films and television projects.
- NDE is currently in negotiations with major studios to form a distribution and co-financing partnership.
- NDE also has a potential development pipeline that spans all stages of production. This includes 3 films that are currently in the pre-production stage that require near-term funding.
- NDE has commenced seeking funding of up to $100M for upcoming Providence Film Group projects in partnership with New Republic Pictures.
EB-5
- Now that the USCIS EB-5 Regional Center Program is back up and running, discussions will begin in the weeks ahead with foreign investors for funding the current film slate.
Acquisitions
- To scale $PSRU, several companies are being targeted as possible acquisitions.
- Several acquisitions are anticipated in 2023 - not only to bolster the asset base but also to assist with the growth of subsidiaries currently owned and controlled.
Full PR: https://www.otcmarkets.com/stock/PSRU/news/st...id=2387643
Updates on Recent Material Progress Across The Company
Dilution
- Dilution - and the subsequent raising of capital - is an important element so that the company can grow.
- Every dollar of capital raised that is used for corporate purposes has the potential to provide exponential returns.
- Once sufficient capital has been raised to fund several initiatives and projects, the company will immediately cease dilution.
- When the various ventures are successful, a share buyback program will be instituted to retire shares that are undervalued - thus increasing shareholder value.
Sumer Technology
- The stake in Sumer has been sold for five times the amount paid for it.
American Basketball Association Canada, Hollywood Action and Beverly Hills Majestics
- ABA Canada purchased in 2021 - giving majority ownership and exclusivity on all ABA activities in Canada.
- Launching a professional sports league is a long-term endeavor - will require adequate staffing and hiring of executives.
- Search and interviews have begun for a Commissioner and other key executives.
- Signed an ABA Team Reservation Agreement to launch a professional basketball team in Beverly Hills and Hollywood, CA.
- Preliminary work has been performed on all of these deliverables.
- Infrastructure for each team is completed: logos designed, social media accounts, bank accounts, initial budgets, business plans and scores of other tasks.
- Search for a General Manager has also begun. He/she will be responsible for assisting with a large portion of the teams’ startup tasks.
VE Gaming
- Entered the gaming sector late-2021.
- Global gaming industry has exploded as player numbers increase and games become more accessible.
- Gaming industry now worth more than $200 Billion - shows no signs of slowing.
- Tech giants such as Google, Meta and Apple have all made plans to expand their presence in the video gaming-industry.
- Analysts predict the industry will generate more than $260 Billion in revenue by 2025.
- VE Gaming is developing exciting and noteworthy games for all major gaming platforms.
- Exciting plans in the work s for VE Gaming to become a triple-A gaming studio, on par with publishing and development teams like Activision, Rockstar and Epic Games.
- Development on a high-level basketball video game has begun.
- VE Gaming has also engaged the game studio Robot Sea Monster to develop a slate of Web3 and mobile games.
- Already completed production on the demo for Roo Awakening.
- Continuing development of several other gaming properties.
Debt Reduction
- A significant portion of convertible debt has been cancelled.
- CEO has personally agreed to forgive all of his convertible debt to increase the profitability position of the company and to make the balance sheet significantly stronger.
- $26,500,000 of debt forgiveness filed with otcmarkets.com March 31, 2021.
- Without the burden of debt weighing on the company, $PSRU can now dedicate its energy and funds to the many projects maturing under its subsidiaries.
Providence Film Group
- One of the most active subsidiaries of $PSRU.
- Emergence and popularity of streaming giants like Netflix and Hulu have generated an insatiable need for content - so $PSRU is ramping up productions.
- Ambush Karaoke pilot - directed by industry veteran and former American Idol producer Ron DeShay - completed.
-- Paula Abdul, an executive producer, is also set to be a judge on the show.
-- Now set to begin discussions with major networks for distribution.
- Also completed production of horror movie The Knock - the first film with Subplot Entertainment.
-- Will be seeking a sales agreement with a firm like Netflix or a comparable distributor.
- Entered film development deal with the iconic New Republic Pictures and its founder renowned film producer Brian Oliver.
- First joint development project is a remake of the 1978 war and action classic "The Wild Geese”.
-- Expect to close on the balance of the financing - around $60M - and begin production in 2023.
- Second film development project is a bio-pic on Zelda Fitzgerald - a famous American socialite and the wife of F. Scott Fitzgerald.
-- Expect to close on the balance of the financing - around $50M - and begin production in 2023 as well.
- Branded docu-series about Biolase Inc. “Talk Dental to Me”.
-- Production has been completed with the entire season expected to be fully edited by the first week of December.
-- Expecting a distribution with Netflix, the History Channel or a comparable network or distributor.
- Providence Film Group, Inc. also acquired the full rights to 12 famous movies including remake/reboot rights:
-- Adios Amigos (1976):
-- Adventures of Huckleberry Finn (1953):
-- Black Brigade, aka Carter's Army (1970):
-- Callie and Son (1981):
-- Fists of Fury (1971):
-- Ginger in the Morning
-- Great American Tragedy (1972):
-- Gulliver's Travels (1939):
-- Nuclear Run (1980):
-- Revenge of Doctor X (1970):
-- Swamp Thing (1982):
- $PSRU has "rights of every kind" to distribute, broadcast and sell anywhere in the world - including copyright interests, all production rights, subsidiary rights and more.
- $PSRU will also retain all negative and positive films, picture prints and all other forms of media related to the titles above - and intends to fully utilize these extensive new cinematic assets to increase shareholder value.
- “Fists of Fury” reboot has also begun - working title “Fists of Fury: Johnny Too Bad”.
- "Laugh At LA" - a 12-episode series of stand-up and sketch comedy shows - has been completed.
ANI
- Acquired an equity stake in a premier crowdfunding company America's Next Investment (ANI).
- Can be described as "Shark Tank meets Kickstarter”.
- The TV portion of ANI is featured on major financial channels such as CNBC, Fox Business, and Bloomberg.
- This helps drive interest and promotes the company's investment thesis and message to investors in real-time.
- Viewers of ANI can go onto its website - americasnextinvestment.com - and invest in the startup company they saw, and like the prospects for, on an episode through ANI's crowdfunding platform.
Fungy
- Fungy - the “Beta version” of $PSRU's NFT marketplace - has been launched.
- Fungy allows artists and creators to issue, buy and sell custom digital assets representing ownership of their digital work.
- Fungy is both a marketplace for those assets and a distributed network built on the Polygon blockchain - enabling trade without a middleman.
- There are many exciting updates and developments coming for Fungy in the coming months.
- Venture capitalists and angel investors have shown massive confidence in the sector by pouring $ billions into digital currency and blockchain start-ups.
- Thanks to its unique approach and marketplace, Fungy has already received worldwide interest that will crossover into the new year.
New Day Entertainment
- Acquired an equity stake in New Day Entertainment (NDE) - an independent US-based entertainment company - to develop, produce and fund feature films and television projects.
- NDE is currently in negotiations with major studios to form a distribution and co-financing partnership.
- NDE also has a potential development pipeline that spans all stages of production. This includes 3 films that are currently in the pre-production stage that require near-term funding.
- NDE has commenced seeking funding of up to $100M for upcoming Providence Film Group projects in partnership with New Republic Pictures.
EB-5
- Now that the USCIS EB-5 Regional Center Program is back up and running, discussions will begin in the weeks ahead with foreign investors for funding the current film slate.
Acquisitions
- To scale $PSRU, several companies are being targeted as possible acquisitions.
- Several acquisitions are anticipated in 2023 - not only to bolster the asset base but also to assist with the growth of subsidiaries currently owned and controlled.
Full PR: https://www.otcmarkets.com/stock/PSRU/news/st...id=2387643
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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