Nashville Records, Inc. Announces Rescission of Private Offering
Business Wire "US Press Releases "
NASHVILLE, Tenn.--(BUSINESS WIRE)--
Nashville Records, Inc. (PINK SHEETS: NSHV) investor relations has recently received calls from investors regarding decline in share price and apparent shares sold onto the market. In response, the company has examined all possible selling sources and has identified a breach of contract regarding a previously arranged 504-D issuance of shares. All shares issued from this transaction have been recalled and "Stop Transfer" orders have been issued to the Company's transfer agent.
While the shares were legitimately owned by the 504-D purchaser, they were never intended to become free trading and Nashville Records(TM) engaged attorneys to deem the entire contract null and void, and force the return of all shares back to the company. 504-D shares not yet sold into the market are to be returned immediately to the company treasury - all sold shares will have to be re-purchased on the open market and returned to the company treasury.
Between April 12, 2007 and May 1, 2007 the company entered the 504-D offering encompassing two issuances of shares and one transaction that had not resulted in funds being received by the Company.
Upon further review by the Company's securities attorney, an opinion letter was issued and sent to the various parties involved, their legal counsels, and the brokers or market makers who seemed to be trading in the shares.
The offering itself, which was conducted as an exempt intra-state offering in the state of Minnesota, was credible and legally sufficient and was handled by specialized securities attorneys, but it was the opinion of Nashville Records and its securities counsel that the follow-up redistribution of the shares to holders in another State was an unregistered underwriting that not only violated the spirit of the exemption, but State and Federal Securities laws as well.
While the opinion of counsel letter is far too voluminous to publish via a press release, it can be viewed as text on the Company's website, http://www.nashvillerecords.com.
A Minnesota securities attorney will be retained to seek a permanent injunction to halt trading of the tainted shares, possibly with the aid of the Minnesota Securities Department.
Although the company regrets this issuance, it is acting aggressively to find a swift resolution. It is important to company management that transparency with shareholders is maintained regarding evolutionary steps in our development. While the company was founded on expert talent from the music industry, the unique risks associated with being traded on the public market will be minimized in the future by engagement of legal and investment banking advise before actions of this nature are undertaken.
The company's reaction to the contractual breach will eventually result in the forced buyback and return of 25,226,189 shares to the Company treasury. One purchaser in the 504-D offering has voluntarily returned 2,083,333 shares that have been cancelled. The Company assumes that a large portion of the remaining shares may have been sold into market.
Source: Nashville Records, Inc.
Posted by wildweb on :
any1 in on this? what are your thoughts?
Posted by atleast on :
rare activities in last few hours .015 x .019(2) 6M traded and 25M from 504-D should be back to the company. Hmmm
Expect to see lots of manipulations here unless buying pressure
Posted by atleast on :
.019(1) x .022(2) .022 is a key 2 MMs on ask (DOMS & HDSN) - both are known dilutors - really strange for short squeeze...
Posted by atleast on :
.02 x .025 DOMS * .51
cautionupahead, are you still here?
Posted by cautionupahead on :
Still in and holding! 23M shares to go, yeah I'm still here. Legal float is around 50M shares, and 23M have been illegally sold, and now have to be legally bought back, and it's in a PR. This isn't just one of those things where an investor says the MMs are short, this is the real deal, IMO. Volume today 9M and it's up 177%, and that's with alot of flipping. Wait until tomorrow, that's when the action really gets going in my opinion, it's just now coming up on a lot of peoples radars with the huge volume and huge price increase.IMO
Posted by cautionupahead on :
NSHV-Read below, another posters talk w/ IR Looks like the brokerages are in deep doodoo
Posted by: 53chevy In reply to: None Date:6/19/2007 2:11:00 PM Post #of 2277
"To the Board, FWIW:
I just called David to get his impression on why the trading on NSHV has dramatically slowed this afternoon. After the flurry this AM, with 6M+ shares traded, very little activity has occurred in the past two hours. The following was his response, and is strictly David's opinion.............
David's opinion is that the information stipulated in this morning's PR is valid. In fact, Scottrade has contacted IR asking about two certificates, one for 500,000 shares, the other for 1M, that they are unable to return after having traded them at their client's request. IR has advised ST that those certs are part of the invalid 504D trades, and it is ST's responsibility to get them replaced with legitimate shares.
It is also interesting to note that TD Ameritrade was restricting online trading shortly after the PR was released, and the stock had only traded 1M shares at that time. David confirmed that 5M of the 504D shares are in Ameritrade's name, being held on their clients' behalf, and will need to be addressed.
I do not know at this time if Ameritrade is still restricting online trading. Can someone with a TD account let me know?
Also of note, David told me that another shareholder with a Scottrade account has called him, noting that ST has issued a margin call on the shareholder for his NSHV shares........more bogus 504D shares that he bought on margin?
It is also David's opinion that the recent slowdown in activity is the uncertainty by the MMs on how to address the PR, and are experiencing difficulties in matching up trades so that a fluid market, either up or down, can commence. It is obviously David's expectation that the proper direction for trades would be north-bound.
Posted by Poot Poot on :
Should be interesting to see how this plays out....
Talked with David DiRicco yesterday and he said there is 15 million float on the stock and 23 million have to be bought back
Sounds like another paiv to me GLTA
Posted by juice on :
yep expect a huge run here. this crazy news. i bought in yesterday at 17 and .02 gonna ride out the shakes too lol
Posted by Homersbud on :
Gooooooooooo!
039x045! Joined the party late at 037
Posted by juice on :
.05x.06 this is blowing up, just sold some at 5 ride the freebies now. i don't think the buyback hasn't even started imo, all retailers so far. wait till 100k blocks hit like crazy on ask lol
Posted by wildweb on :
this is insane....Got in yesterday at .02 and this thing just keeps going and going..Where do you see it stopping?
Posted by Homersbud on :
Weeeeeeeeeeeeeeeeee!
Hard to tell when it'll stop. Short Squeezes are insane and are so unpredictable! Best thing to do is take profits (when you are happy) and ride the freebies!
Posted by juice on :
quick dip here...
Posted by Homersbud on :
Trying to add....no fills at 045!!! They aren't even showing my bid either.
Posted by Homersbud on :
Got 10k at 0451 but not the rest! UBSS jumped over me.
046x05 1x1
Posted by juice on :
mann you got me, i had a bid in for .0451 also. got nothing then... nice that'll look good when 6's start hitting again
Posted by Homersbud on :
quote:Originally posted by juice: mann you got me, i had a bid in for .0451 also. got nothing then... nice that'll look good when 6's start hitting again
Weird they didn't show either of our bids!! Some of the folks were lucky to get some at 044 when we were bidding at 0451!! Either way, this is looking sweet!
046x055
Posted by binsleep on :
Think this could get back into the teens with this news?
Posted by binsleep on :
Jumped in on that last pull back. Not a lot, but I think this will go higher.
Posted by Stockeyes22 on :
I think this one will run like paiv did. Every day just keep going higher till it hits a top. My guess is .15 to .20.... thats just my opinion though Posted by Homersbud on :
quote:Originally posted by Stockeyes22: I think this one will run like paiv did. Every day just keep going higher till it hits a top. My guess is .15 to .20.... thats just my opinion though
With 15m in the float and 23m to buy back, i agree!!!
Posted by Homersbud on :
042x048 might get interesting EOD
Posted by juice on :
lots of buzz on the net about this... maybe just the start. rumors of a few big p/r's coming too. could get real interesting tomorrow & friday if they hit us with news on top of this
Posted by Homersbud on :
045x05
Posted by Stockeyes22 on :
Last chance to get in on any extra shares before EOD Push!!!!!!
Posted by juice on :
could easily close .06+
Posted by Homersbud on :
05's getting hit! I got some more too.
Posted by juice on :
looks like a .05 close comin... thats great. one more 100% day and we are in .10 land lol... wishful thinking:)
Posted by binsleep on :
My guess is the buyback hasn't even started yet. I think this may very well be only retail. A couple of good PR's and some buyback action should put this much higher IMO.
Posted by Homersbud on :
Sh!tty close. Friggin whackers, geez.
Posted by juice on :
yeah can't blame them though good profit here. just think its going higher tho... can't wait to see if this p/r hits that im hearing about. man o man excited! have a goodnight everyone!
Posted by wildweb on :
Ya I accidently sold wasnt paying attention I was trying to buy more. Good thing in the end of the day though I sold at .05....Did get back in though at.045. I think this is going a lot higher to. I hope there are some good pr's that come during this as well....We could really see it fly. Summer Lotto Ticket? very well could be and worth throwing a few bucks at it.
Posted by Homersbud on :
quote:Originally posted by wildweb: Ya I accidently sold wasnt paying attention I was trying to buy more. Good thing in the end of the day though I sold at .05....Did get back in though at.045. I think this is going a lot higher to. I hope there are some good pr's that come during this as well....We could really see it fly. Summer Lotto Ticket? very well could be and worth throwing a few bucks at it.
At least you sold at the ASK!
Hearing rumors of a PR for tomorrow. Let's see if it's true....
PS: I'm having an awful trading week, so don't expect too much from this stock...lol
Posted by wildweb on :
this just may be the stock that turns your week around. we should know pretty quick tomorrow. This is getting a lot of attention and everyone wants that lotto ticket. I think this is it.
Especially when the sell at the ask went through. I actually thought we would see high .05's or low .06's I am hoping tomorrow is the day. I followed the Jphc/Paiv/Pavc ordeal since I had serveral million in JPHC this looks like it can be the same type of thing, that went up over 170,000% from .0002 to .36 imagine if this done the same?
If my math is right up 5,000% in the past two days alone....This may even be bigger then the Jphc/Paiv/Pavc ordeal. Only time will tell, but I bet if that does happen ur trading week looks a lot better :-) .0009 to 1.53? That would be 170,000%......Now that is wishful thinking :-)
Posted by Firedog on :
Hope you guys are right. I could use a big winner. I got in at .037 and would love a one or two bagger. Posted by PCola77 on :
quote:Originally posted by wildweb: Now that is wishful thinking :-)
Yeah, and incorrect thinking...
First of all, where did you get 5,000% up in 2 days?
Secondly, JPHC/PAIV was not 170,000%. It was never as low as .0002 or as high as .36 (which, incidentally would have been 180,000%, not 170,000%)
PAIV low point was .0007 and high was .285 (with one bad print at .35 when the ask was never over .285). That's a whopping 40,000%+, but quite a ways form 170,000%
Also, PAIV was a situation where people or brokers were being forced to buy back shares, and documented, actual people were verifying it. This is a case where a company PRs that someone sold fake shares and will have to buy them back. Unless you can get proof that someone is buying the shares back (and a company PR does NOT constitute proof here in penny land) you need to be really careful here.
Not to mention the fact that PRing a "huge illegal short position" is a nice way to get the attention of the SEC, and a long halt can freeze a lot of your money in a hurry, and you never know if/when you'll see it again.
See BCIT and BHUB for examples.
Good luck to anyone in it, but be very careful.
Posted by Firedog on :
Thanks PCola for the insight.
Posted by wildweb on :
Hi pcola....My math was off a bit but the fact is the first trading day that jphc turned to paiv the stock was at .0002 per my etrade account. So if that was wrong I appologize, but I know that paiv was down over 99% on the first trading day because the restricted shares were sold by a lot of people.
You should be careful with any stock here.....Thats why its pennys and they are always a gamble. In this case the PR says::
"all sold shares will have to be re-purchased on the open market and returned to the company treasury"
Isnt that similar to what happened with paiv? or am I wrong on that? Paiv shares had to be purchased on the open market as well right? The company is not cancelling the shares, the people who sold them will have to purchase them back and return those shares to the company....Correct me if I am wrong, as I am not here to mislead others if that is the case I am reading this all wrong.
To answer were did I get the up 5000% in two days. Opened tuesday at .0009 closed today at .041 so I am sorry my math was on again that was only like 4,600%...
I do thank you as always for your insight Pcola, you usually watch out for all of us investors....Its always good to hear the negative as well as the positive.
Posted by binsleep on :
045x062
Posted by Homersbud on :
05x062...so the 062 ASK is correct? My L2's are screwy! Showing all these ASK in the 05's!
Woohoo!
Posted by juice on :
yeah gonna rock today so much attention, squeeze, and p/r going to hit the wires too. no brainer here
Posted by Homersbud on :
Nashville Records, Inc. (PINK SHEETS: NSHV) is currently negotiating with two big name artists for the USS New York project and another associated project. The Company will soon release information on these artists. Recordings have commenced and have been recorded by top musicians, including musicians of Dolly Parton and John Michael Montgomery.
The first artist is a young female singer with over ten Top 10 recent hits and is an award-winning vocalist. She has sold millions of albums, and her singles have sold in many countries around the world. Few artists from any genre have had the impact of this artist with singles at the top of the Billboard Charts for many weeks at a time. The Company will release her name and accomplishments in an upcoming news release. She is performing "Never Forget," the ship's motto. A song demo clip can be heard on the Company's website at www.nashvillerecords.com.
The second artist selected is a male singer, equally impressive as his female counterpart, with multi-platinum success and is not only a gifted vocalist but also an accomplished musician. He has dozens of chart-topping hits. The Company anticipates releasing the name and accomplishments within the next several weeks. The song he is performing is titled "The USS New York," which is the name of the ship that was constructed in part with 24 tons of steel from the World Trade Centers.
The Company will further release information in an upcoming PR concerning a Military-based album featuring today's biggest artists. It is estimated a total of twelve to thirteen acts will be selected--five have already indicated a commitment. The project comprises single releases, album release and concert events. One project objective will promote the USS New York events. On June 20th Nashville Records(TM) received the agreements from Rock Bottom Distribution, a 40-year-old company, which has been doing business with AAFES for the past 20 years. This opens the project up to worldwide military distribution, nationwide Walmart and Kmart stores, Borders, Amazon.com, Books-A-Million, Be-Bop Records, Best Buy, One Stop, Super D and many others.
Arlene Hubbard, a Company spokesperson, says, "It's exciting to be part of Nashville Records(TM) and see the Company's rapid development. We will release the news as soon as we complete each artist's contract."
Forward-Looking Statements:
Posted by PCola77 on :
A couple of thing. Yes, the part you highlighted about people being forced to buy back is what happened with PAIV, but my point is, NEVER EVER EVER take the word of a pinksheet company as truth. In the PAIV situation, many of us knew first hand that people had sold restricted shares and had to buy them back, and many others relied on the fact that many people were postng about their experience. It may be difficult or impossible in this situation to prove that what the comany PR'd is actually true. If there is an offending party, I doubt they will be out there telling everyone that they have to buy thes shares back. And as far as what I've read, the offending part hasn't been named, so you couldn't even contact them to get a feel for their mood. Could be that everything they did was totally legit, the company may have misinterpreted terms of the contract, and the sellers will have no responsibility to buy back a single share.
that's why I am saying to be careful, in addition to the chance of a halt and essential 100% loss.
As far as your math, maybe I am wrong but I see .009 two days ago, which would be 460%, not 4600%. Let me know if I'm incorrect.
And JPHC WAS .0002, you're correct about that, but the day of the merger JPHC shares essentially ceased to exist, and APOA turned into PAIV, which bottomed out at .0007 I think. THe JPHC price had no bearing on anything.
Anyway, I'm just trying to show the other side of the coin, because greed/hype/momo can be an absolute killer to accounts if you don't play it correctly.
Good luck.
quote:Originally posted by wildweb: Hi pcola....My math was off a bit but the fact is the first trading day that jphc turned to paiv the stock was at .0002 per my etrade account. So if that was wrong I appologize, but I know that paiv was down over 99% on the first trading day because the restricted shares were sold by a lot of people.
You should be careful with any stock here.....Thats why its pennys and they are always a gamble. In this case the PR says::
"all sold shares will have to be re-purchased on the open market and returned to the company treasury"
Isnt that similar to what happened with paiv? or am I wrong on that? Paiv shares had to be purchased on the open market as well right? The company is not cancelling the shares, the people who sold them will have to purchase them back and return those shares to the company....Correct me if I am wrong, as I am not here to mislead others if that is the case I am reading this all wrong.
To answer were did I get the up 5000% in two days. Opened tuesday at .0009 closed today at .041 so I am sorry my math was on again that was only like 4,600%...
I do thank you as always for your insight Pcola, you usually watch out for all of us investors....Its always good to hear the negative as well as the positive.
Posted by wildweb on :
Hello Pcola....Yes .009...so my math was off you are correct on that. I dont know where I got the .0009...Added another 0 duh!.
No I think its good you show the other side of the coin, and also correct my math :-)
Scary huh, I work for a big advertising company and do math quite a bit....Guess my brain was on melt down after work....That extra 0 didnt help either :-)
Posted by GreenDay on :
I'm away today, l2's look strong for more action today? or weak? thanks!
Posted by PCola77 on :
Green Day, bid is .032 ask is .04. Currently down 20% at .033. Big spread, so one buy at the ask and you are back to even for the day.
Posted by binsleep on :
I had two separate buy orders at .035 and didn't get filled down there. Oh well, I'll leave 'em and see what happens Posted by juice on :
i got 10k only at .035 grrrrr gonna blow!
Posted by binsleep on :
Haha, there goes that plan Posted by binsleep on :
quote:Originally posted by juice: i got 10k only at .035 grrrrr gonna blow!
juice, you stole one of my buys! Posted by juice on :
quote:Originally posted by binsleep:
quote:Originally posted by juice: i got 10k only at .035 grrrrr gonna blow!
juice, you stole one of my buys!
placed it before market open...
Posted by Homersbud on :
Wow, another play I screwed up! Weeeeeeeeeeeeeeeeee!
Didn't like the news, so I got out at 045 for a loss (typical) I see it hit 03 only bounce to 058! Woohoo!
Posted by GreenDay on :
Thanks PC - I got out at .05 - made some gains. I'm surely gonna keep on eye on this one for possible re-entry.
Posted by Stockeyes22 on :
Gaining support on bid side again. Another run comming up!
Posted by binsleep on :
I don't have a lot invested here (holds true for any of the pinkies I get into), but I can't see selling this for at least a week or two. Chances are high that the buyback's haven't even hit the market yet. I still think there is a lot of upside yet to be seen, however, I don't blame anyone who takes profits on the way up. It's going to take a few days for the volatility to subside.
Posted by JerZeyDeViL on :
Wow...can't believe I had to go to the middle of the second page to find this thread. Guess people on this site aren't as excited as everyone else about all the things to come. Tommorrow should be a very nice day IMO. Between the share buyback, the momo, and the much anticipated news thats supposed to be released Tuesday, I say it easily closes over a nickel and possibally alot higher. Should be a fun week!
Posted by binsleep on :
Need to get the weak hands out before any move up, IMO. I also think that any PR needs to be chock full o' meat, otherwise, you'll see more selling.
Posted by juice on :
huge spread discouraging buying now lots of people holding.. im looking for .03 or under for reentry for more
Posted by binsleep on :
quote:Originally posted by juice: huge spread discouraging buying now lots of people holding.. im looking for .03 or under for reentry for more
Gotta love those MM's!
Posted by juice on :
.026x.027
Posted by binsleep on :
Trying to get some at .025
Posted by binsleep on :
I was hoping my orders got filled during lunch, but it looks like it bounced back up.
Posted by binsleep on :
juice, how did you make out yesterday? Were you able to pick up more under .03?
Posted by binsleep on :
Big news...
Nashville Records(TM) Announcing Major Artist for the USS New York Tuesday June 26, 10:30 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) has reached a memorandum of understanding with representatives of LeAnn Rimes to have Ms. Rimes as a solo artist on the USS New York project for the song entitled "Never Forget" written by Anita Cox of the Nashville Records Label(TM). Ms. Rimes has sold 37 million records and has been awarded two Grammy's. She recently sang on the movie soundtrack "Evan Almighty" which hit theatres on June 22nd. Further details will be released in the upcoming weeks along with announcements of additional artists associated to this and another project known as "the patriotic album."
ADVERTISEMENT The USS New York ship being commissioned was constructed with 24 tons of steel from the World Trade Centers. The patriotic album will feature today's biggest artists. It is estimated a total of twelve to thirteen acts will be selected and company representatives will be in negotiations with artists over the next four weeks. The project comprises single releases, album release, and concert events that will not only sell products but will also promote the USS New York events.
The Company received the necessary agreements from Rock Bottom Distribution, a 40-year-old distribution company, which will provide nationwide Walmart and Kmart stores, Borders, Amazon.com, Books-A-Million, Be-Bop Records, Best Buy, One Stop, Super D and many others. The Company also has the agreements needed to market products with AAFES for worldwide military distribution. In addition, agreements are in place to market the projects with various military organizations and private distribution channels. According to the company the most important ingredient for any label's success is distribution.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Contact:
Nashville Records, Inc. David J. DiRicco, 877-995-0992 (Toll Free) davidjdiricco*comcast.net
Source: Nashville Records, Inc.
Posted by Firedog on :
Sounds good. Got in under .03 Yesterday.
Posted by binsleep on :
This company certainly has a great deal of potential and a good management team, but I'll feel a whole lot better once they start generating some revenue.
I've been very disappointed with the ridiculous B/A spread here the past couple of days, but seriously, how long can they hold this down?
Posted by binsleep on :
Now, that's more like it!
Nashville Records(TM) Announces Receipt of Letter of Commitment to Secure a 1.5 Million High Yield Debt Instrument Wednesday June 27, 9:23 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) is pleased to announce it has received a letter of commitment from an East Coast private boutique investment banking firm to place a 16% five year note, secured by a controlling block of insider stock and a security position in the cash producing assets of the Company including its 2007 Christmas Album, the long anticipated Patriotic Album with an all star lineup of recording artists, and the highly publicized USS New York christening with the song rights owned exclusively by the Company.
Nashville Records(TM) President, Gene Sibbett says, "This financing will enable the Company to complete the beta for TriMark(TM) anti-piracy technology, continue signing its A Level entertainers for the Patriotic Album & the USS New York projects and recordings. But the best part is--this is funding that's complete without free trading stock."
Owing to the fact that the banking firm is not a publicly owned or chartered firm, and the sensitive nature of it negotiations with institutional funds, it has requested its name not be disclosed at this time. As details and closing date in July are agreed upon, the firm and funds will become public and disclosed.
Sibbett says the negotiations with artists for the Patriotic Album and the USS New York project have gone incredibly well and with this funding package there won't be any letters of intent but straight to contract with most all artists. Artists will be announced in news releases as contracts complete.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Contact:
Nashville Records, Inc. David J. DiRicco, 877-995-0992 (Toll Free) davidjdiricco*comcast.net
Posted by PCola77 on :
"That's more like it"? Are you NUTS? 16% interest on a loan? They shoulda just put it on their credit card. Jesus.
quote:Originally posted by binsleep: Now, that's more like it!
Nashville Records(TM) Announces Receipt of Letter of Commitment to Secure a 1.5 Million High Yield Debt Instrument Wednesday June 27, 9:23 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) is pleased to announce it has received a letter of commitment from an East Coast private boutique investment banking firm to place a 16% five year note, secured by a controlling block of insider stock and a security position in the cash producing assets of the Company including its 2007 Christmas Album, the long anticipated Patriotic Album with an all star lineup of recording artists, and the highly publicized USS New York christening with the song rights owned exclusively by the Company.
Posted by binsleep on :
PCola, no bank in their right mind would give these guys a good interest rate on a 1.5 million dollar loan. They are a startup with a HUGE amount of risk. Would it be better if they diluted the stock? No thanks!
I think this shows that the owners believe they will be able to pay the loan off without a problem.
Posted by PCola77 on :
Fair enough. I do disagree with your last sentence though. It shows me nothing other than this was the best deal they could get. If a person with really poor credit gets a car loan at 20%, does it mean they are more likely to pay it off than if the loan was at 10%? I don't see any correlation between the two things.
I do agree with your initial point though, and the fact that it means less dilution (potentially), so I'll give you that.
Posted by binsleep on :
You are correct as well, consider the statement retracted.
With the LeAnn Rimes announcement yesterday, I was very concerned with how they were going to pay her. Maybe now we'll see a contract signed instead of a MoU.
Posted by binsleep on :
gap finally closing
03x033
Posted by JerZeyDeViL on :
nice day today and bid building....looks ready to go IMO
Posted by binsleep on :
Nashville Records(TM) Entering Final Negotiations with Key Artists 9:29a ET June 28, 2007 (Business Wire)
Nashville Records, Inc. (PINK SHEETS: NSHV) is pleased to announce it is entering the final phases of negotiations with four key artists for its projects. Two artists will be for the USS New York project and two artists will be the very first announcements for the upcoming patriotic album. As soon as all contracts are completed the names of all artists will start being released.
The negotiations will commence again on Tuesday of next week and the Company anticipates wrapping up by the end of the week or first part of the following week.
The project coordinator, Sherry Johnson, says the negotiations with artists for both projects have gone incredibly well and the enthusiasm from artists and managers has been very high. The company has also been negotiating with more artists to round out the patriotic album of 12 to 13 cuts. She says the artists' managers, without exception, have been thrilled with the distribution package and the project portfolio. These artists are all A level artists with multiple awards and gold and multi-platinum success. Johnson has further stated that Nashville Records(TM) has not settled for anything but the biggest and brightest of stars.
Nashville Records(TM) President, Gene Sibbett says, "We are extremely excited to announce these artists and we can hardly contain our enthusiasm but these deals must be worked through carefully before becoming public knowledge." One of the releases is titled "Home Misses You" and a demo clip of the song can be heard on the company website at: http://nashvillerecords.com/multimedia.htm. An artist for this song has not been definitively determined as of this date.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
SOURCE: Nashville Records, Inc.
Nashville Records, Inc. David J. DiRicco, 877-995-0992 (Toll Free) davidjdiricco*comcast.net
Posted by binsleep on :
News today...
Nashville Records(TM) Presents Entire Distribution Plan 9:26a ET June 29, 2007 (Business Wire)
Nashville Records, Inc. (PINK SHEETS: NSHV) recently entered agreements with key distribution companies. The most critical element of any record label's success is to have major radio play and distribution. Independent labels rarely break into major markets.
Tim Riley, the Company Vice President, is an expert at radio placement in all country and AC stations including the Billboard Stations, along with XM & Sirius radio. Gene Sibbett, the Company President, is an expert at radio placement of all gospel stations. Joe Mansfield is the industry King in distribution and major retail placement.
Products will be distributed through five major retailers that have proven to be successful for country music. Joe Mansfield and Garth Brooks have sold over 25 million units at $25 per unit at just one retailer. Mansfield is Nashville Records(TM) lead advisor.
River City Movies & Music, together with Rock Bottom Distribution, a 40-year-old distribution company, will provide nationwide Walmart and Kmart stores, Borders, Amazon.com, Books-A-Million, Circuit City, Best Buy, CD Baby, One Stop, Be-Bop Records, Super D and many others, plus a host of gift shops throughout the country. Distribution includes many reputable Internet download sites. Additionally, CD Baby provides digital sales for ringtones, downloading, and free streaming.
As previously announced, the Company estimated it would take a year for full development of worldwide distribution to U.S. military installations through AAFES. However, this important affiliation is complete. In addition, agreements are in place to market with various military organizations and private distribution channels throughout the U.S. and worldwide.
Company artists will be featured on the Midnight Jamboree, the Hall of Fame Museum, and will have autograph signings in bookstores, record shops, and various other planned venues.
SOURCE: Nashville Records, Inc.
Nashville Records, Inc. David J. DiRicco, 877-995-0992 (Toll Free) davidjdiricco*comcast.net
Posted by juice on :
nothing but good news... can't wait until people start buying again what the heck come on lol
Posted by Firedog on :
I know what you mean. I did not think we would dip with all the good PRs that are comming out.
Posted by binsleep on :
It sounds to me like NSHV management has all the right connections in in the music industry to get this thing going. Remember, the company came in under the radar, but they are moving EXTREMELY fast on their business plan. Although the recent run-up and buyback news brought some attention (myself included), I don't find it completely unreasonable to think that this company is still relatively unknown. This could bode well for those lucky enough to get in down here. We'll see!
Posted by Firedog on :
I got out today. I am going to watch this and plan on buying back in at the bottom. Good luck to everyone still in.
Posted by JerZeyDeViL on :
Anyone in this one?? These are some great prices to get in at! Especially with all the great news and still a possible squeeze scenario. Can't believe noone has mentioned it in weeks!
Posted by JerZeyDeViL on :
Nashville Records(TM) Presents Entire Distribution Plan Friday June 29, 9:26 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) recently entered agreements with key distribution companies. The most critical element of any record label's success is to have major radio play and distribution. Independent labels rarely break into major markets.
Tim Riley, the Company Vice President, is an expert at radio placement in all country and AC stations including the Billboard Stations, along with XM & Sirius radio. Gene Sibbett, the Company President, is an expert at radio placement of all gospel stations. Joe Mansfield is the industry King in distribution and major retail placement.
Products will be distributed through five major retailers that have proven to be successful for country music. Joe Mansfield and Garth Brooks have sold over 25 million units at $25 per unit at just one retailer. Mansfield is Nashville Records(TM) lead advisor.
River City Movies & Music, together with Rock Bottom Distribution, a 40-year-old distribution company, will provide nationwide Walmart and Kmart stores, Borders, Amazon.com, Books-A-Million, Circuit City, Best Buy, CD Baby, One Stop, Be-Bop Records, Super D and many others, plus a host of gift shops throughout the country. Distribution includes many reputable Internet download sites. Additionally, CD Baby provides digital sales for ringtones, downloading, and free streaming.
As previously announced, the Company estimated it would take a year for full development of worldwide distribution to U.S. military installations through AAFES. However, this important affiliation is complete. In addition, agreements are in place to market with various military organizations and private distribution channels throughout the U.S. and worldwide.
Company artists will be featured on the Midnight Jamboree, the Hall of Fame Museum, and will have autograph signings in bookstores, record shops, and various other planned venues.
Contact: Nashville Records, Inc. David J. DiRicco, 877-995-0992 (Toll Free) davidjdiricco*comcast.net
Posted by JerZeyDeViL on :
Nashville Records Announces Warrants for Open Market Purchasers Monday July 2, 9:28 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) announces warrants for open market purchasers of NSHV free trading shares. ADVERTISEMENT
To compensate open market purchasers for excess selling volume in the Company stock during the period of April 2007 through June 2007, the Company's Board of Directors has approved the issuance of warrants to purchase one (1) share of Nashville Records Inc. common shares for every two (2) shares purchased during this period. Details as follows:
Strike Price of Warrants: $.01 per share. First Exercise Date: July 15, 2008. Eligibility Date for Right to Warrants: July 15, 2007.
Please refer to the Company Website at: http://nashvillerecords.com under Investors Tab for Specific Rules and Mechanism for recording eligibility and exercise of warrants.
Shareholders must retain ownership of shares for the one-year period in order to exercise warrant and receive the underlying shares. In event of stock split, warrants will be adjusted accordingly.
If, as anticipated, the Company files an SB-2 during the covered period, the Company will use its best efforts to register the warrants and their underlying shares. The Company shall be expeditious in forwarding exercised shares upon receipt of funds in conjunction with exercise of warrants.
Only shares purchased on the open market are eligible. No insider shares, private placement shares, or any restricted shares are eligible.
THIS IS NOT A STOCK DIVIDEND.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Contact: Nashville Records, Inc. David J. DiRicco, 877-995-0992 davidjdiricco*comcast.net
--------------------------------------------------------------------------------
Posted by JerZeyDeViL on :
Nashville Records(TM) Expands Its Team of Experts Monday July 9, 9:27 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) announces expansion to its team of experts for radio play, sales & promotions, and production. ADVERTISEMENT
Larry Pareigis: Mr. Pareigis is an authority on radio promotions and served as the Sr. Vice President of Promotion for Sony Music Label Group and was the man responsible for breaking such acts as Gretchen Wilson, Montgomery Gentry, the Dixie Chicks, Tracy Lawrence and others. Pareigis is considered one of the most highly respected and accomplished promotion executives in the music industry.
Neil Spielberg: Mr. Spielberg was former Vice President of Sales for Warner Brothers and active in the sales and marketing of Faith Hill. In his 20 years of sales expertise he was instrumental in placement of country music into such giants as Walmart, Kmart, Best Buy and many others. Mr. Spielberg and his company will be instrumental in assisting Nashville Records(TM) in sales and marketing.
Teddy Gentry & Michael Curtis: Gentry/Curtis combine to become one of Nashville's top producers, which includes a current #1 hit "Moments" by Emerson Drive. Teddy Gentry, Alabama's long-time band member, was responsible for selecting material that became the group's many hits--including 42 number 1 hits.
Alabama's music legacy resulted in 21 gold and multi-platinum albums and over 73 million records sold. The group received over 150 industry awards and their very own star on the "Hollywood Walk of Fame." They were named the "Artist of the Decade" by the Academy of Country Music in 1989 and "Country Group of the Century" by the Recording Industry Association of America in 1999. On November 15th, 2005, Alabama was inducted into the Country Music Hall of Fame capping their extraordinary road to international success. Gentry/Curtis will produce only select acts, including Nashville Records(TM) solo artist, which will soon be announced.
The Company believes these important additions to their already powerful team and distribution channels already in place will be the capstone needed for success and felt it was important at this time to introduce these key players before the announcements of artists for the USS New York project, the Patriotic Album, and upcoming solo artist, which will be announced toward the end of this week.
Contact: Nashville Records, Inc. David J. DiRicco, 877-995-0992 davidjdiricco*comcast.net
--------------------------------------------------------------------------------
Posted by JerZeyDeViL on :
Nashville Records(TM) Announces The Legendary Charlie Daniels For The USS New York Project Tuesday July 10, 9:33 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) announces the legendary Charlie Daniels for the USS New York Project. He will perform the song "The USS New York" for the recordings and performances for the christening and commissioning of the ship. ADVERTISEMENT
Daniels is best known for his smash hit, "The Devil Went Down to Georgia," which topped both country and pop charts, won a Grammy Award, earned three CMA trophies, became a cornerstone of the Urban Cowboy movie soundtrack and propelled Daniel's Million Mile Reflections album to triple-platinum sales. More hits include, "In America," "Uneasy Rider," "The South's Gonna Do It," "Long Haired Country Boy" and a catalog that represents millions of sales.
The Charlie Daniels Band has twice been voted the Academy of Country Music's touring band of the year and has often exceeded 250 concert dates per year throughout a music career that surpasses an incredible four decades of hit generating legacy. Daniels still maintains an incredibly busy concert schedule.
Several name artists were considered for this song and project but ultimately the Company felt Daniels was the perfect choice. Previous press releases announced the USS New York, which is a Naval ship being commissioned, and was built in part with 24 tons of steel from the World Trade Center. Nashville Records(TM) holds the exclusive rights of performance and sales distribution. This song will also be included on Nashville Records(TM) upcoming Patriotic Album in connection to the USS New York, which will feature some of the industry's biggest stars. The support for theses two projects increases daily with music industry, media, and military support.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Contact: Nashville Records, Inc. David J. DiRicco, 877-995-0992 davidjdiricco*comcast.net
Posted by JerZeyDeViL on :
Nashville Records(TM) Announces LeAnn Rimes for the USS New York Project Wednesday July 11, 9:33 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) announces LeAnn Rimes for the USS New York Project. She will perform the song entitled "Never Forget" written by Company writers. ADVERTISEMENT
Few acts can rival LeAnn Rimes in terms of critical acclaim or commercial success. She has sold more than 37 million records, won two Grammy awards and garnered six Billboard Awards including the prestigious Artist of the Year award.
"How Do I Live" was the first multi-platinum country single selling over 3 million copies and is currently the longest-charting song on the U.S. Hot 100 at an astounding 69 weeks.
Throughout her career, LeAnn has entertained on dozens of television programs, including "The Tonight Show," "David Letterman," "The Today Show," "Larry King," and "The People's Choice Awards."
She recently sang on the movie soundtrack "Evan Almighty." She sang the track "I Need You" for the TV movie "Jesus." She also sang on soundtracks of movies such as "Legally Blonde 2," "Driven," "View from the Top," "Coyote Ugly" and other soundtracks as well.
She is also a featured performer on the Freedom Concert tours this summer with such artists as Lee Greenwood and Montgomery Gentry. As a humanitarian she has spent countless hours helping children and veterans.
The christening of the USS New York is slated for the first or second week of November. The event will be held in New Orleans where Ms. Rimes will perform alongside other select artists. The History Channel is also planning an upcoming documentary on the USS New York and will use the soundtracks of the project and Nashville Records(TM) Patriotic Album as well. More information on The History Channel will be forthcoming.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Contact: Nashville Records, Inc. David J. DiRicco, 877-995-0992 davidjdiricco*comcast.net
--------------------------------------------------------------------------------
Posted by JerZeyDeViL on :
I may be missing something, but all this GREAT news, plus the injunction/possible squeeze, and it's trading at .024?? And nobodies talking about it?? I think this is one hell of a company and management team for a stinky pinky! Mark my words, once the manipulation stops this babys gonna fly!
Posted by PCola77 on :
Nice unintentional dig at yourself.
quote:Originally posted by JerZeyDeViL: nobodies talking about it??
Posted by binsleep on :
Nashville Records(TM) Enters Contract Negotiations with American Idol Finalist Kimberly Caldwell 9:33a ET July 12, 2007 (Business Wire)
Nashville Records, Inc. (PINK SHEETS: NSHV) enters contract negotiations with American Idol finalist Kimberly Caldwell. In 2003, she was a top finalist on Fox's "American Idol," and her exposure landed her on-camera in Hollywood and on reality TV shows. She was an instant fan favorite, finishing among the top finalists competing for the "American Idol" title.
She was a featured vocalist at the Country Tonite Theater in Branson from 1994 to 1996. She also performed on Ed McMahon's "Star Search" and still holds the record for most wins by a junior vocalist. She has a soulful sound and singing passion. Since she was strongly influenced by country music's leading female artists, early plans are to feature her in country music as well as an edgy country-rock sound.
Kimberly is the entertainment correspondent and host for the TV Guide Channel. She has appeared as a live red carpet correspondent at Hollywood award events including the Grammy's, the Academy Awards, the People's Choice Awards, the Emmy's and the Golden Globes. Kimberly also appeared on "Oprah," "Access Hollywood," "Larry King Live," "Inside Edition," "Entertainment Tonight," "Glenn Beck," "Tyra Banks" and many more.
She has appeared in magazines such as Entertainment Weekly, US Weekly, People, Extra, Cosmopolitan and many others. She was featured in the "Sexiest Women of Reality TV" 2005 calendar. The Company's early plans are to have her produced by independent producers Teddy Gentry & Michael Curtis and released this fall or early winter. Larry Pareigis, the man responsible for breaking such acts as Gretchen Wilson, Montgomery Gentry, the Dixie Chicks, and Tracy Lawrence, is anxious to make Kimberly Caldwell another household name.
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
SOURCE: Nashville Records, Inc.
Nashville Records, Inc. David J. DiRicco, 877-995-0992 davidjdiricco*comcast.net
Posted by JerZeyDeViL on :
Nice news yet again and a nice grren day to go with it!! This is gonna explode very soon IMO!!
Oh..and tommorrow is the last day to get in to qualify for the warrants!! Could see some nice action
Posted by binsleep on :
NSHV is supposed to be updating investors with addtional information on obtaining the warrants. Today or early next week would be appropriate. It is also rumored that there will be a PR about the injunctions sometime next week.
As far as explosions go, I'm now a long on this, so I would prefer a nice, steady rise from here on out. However, I don't know if this is even possible while the company is a pinky. I do know that Gene and his management team are going at this with a full head of steam, and I'm placing my bet that the name Nashville Records will be well known in the music industry very soon.
People not long on the company should be careful in the short term. A lot of people are riding this hoping for positive news on the injunction. If it turns out to be negative, this could tank pretty easily.
Place your bets!
Posted by JerZeyDeViL on :
I too heard that we should be hearing some injunction news this week so that should be exciting. I can care less though because they have been putting out so much positive news and the David is such an easy guy to talk to that I can honestly say I've never been more comfortable in a pinky before.
Posted by binsleep on :
I spoke with Dave on Friday afternoon for the first time. I agree, he really is a nice guy. It's certainly refreshing to be able to call an investor relations guy who can actually answer your questions.
For those interested, the website should be updated this week with additional information on how to obtain the warrants, so be on the lookout.
Anyone still watching this one? I sold half my shares while it was tanking, and held the rest in anticipation of warrants next year.
It's been a mess. The company went silent to work on some legal issues and to reorganize, but David has stated that they are now ready to resume following their business plan. Could see some nice gains here in the next few weeks depending on what news they have for us. Keep an eye on it.
Posted by binsleep on :
PR From Tuesday:
Nashville Records(R) Announces Christmas Album & Website Developments 9:29a ET October 16, 2007 (Market Wire)
The 2007 Christmas compilation album is complete and has been manufactured and is currently being distributed to various outlets. It is also being sent to 2,000 radio stations nationwide. It looks and sounds very classy and features some of today's and yesterday's music legends such as Roy Clark, Collin Raye, Daryle Singletary, Paul Overstreet, T.G. Sheppard, Juice Newton, Johnny Lee and newcomer Brooke Morton, and others. It also features some of the best songwriters such as Paul Overstreet, Randy Travis and Anita Cox. It is a mix of mostly original music owned by Nashville Records (PINKSHEETS: NSHV), and features some of the traditional Christmas songs loved by millions. The lead producers are Kimo Forrest (producer for John Michael Montgomery), Kent Wells (producer for Dolly Parton), and Gene Sibbett (producer for Nashville Records(R)). A follow-up news release in November will notify the public and investors of all outlets for this year. The album will remain in distribution for the next 3 Christmas seasons. The current website is ready for short clips to be heard.
The new website is slated to open on November 1, 2007 with a grace period of 10 days. The company received 26 bids for the new website programming. The bid was awarded on October 1, 2007 and the programming work began on October 3, 2007. The programming company selected is ranked in the top 5 amongst some 2,700 programming companies. So far the site has a nice look & feel and it is estimated to be about 1/2 complete. Upon completion the site will have streaming video/audio capability, paid download capability and a lot more. The Company had the graphical user interface pre-designed for the programmers, to speed their development and minimize costs. The design is eye catching and very interactive. The website is also designed to accommodate an upcoming project with a new male artist that will be fun and interactive for all participants.
Legal Notice Regarding Forward-Looking Statements
The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact: Nashville Records, Inc. David J. DiRicco 877-995-0992 davidjdiricco*comcast.net
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)