Social media network penny stocks are about to blown out of the water as soon as one of the new penny stocks IPO’s and begins trading. Consider this your official penny stock alert and get VuMee Inc. (OTC: VUME) on the list of penny stocks to watch immediately and thank us later. VUME stock becomes eligible to trade on the OTC sometime tomorrow but it most likely won’t take place for a few days, maybe even weeks. VUME is the trading symbol after Paperworks Inc. (OTC: PPKS), currently PPKSD, filed a name and symbol change with the SEC on April 23rd.
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VuMee celebrated its highly anticipated launch May 17th with a party at The Arena in New York City. Music industry executives, VIPs and celebrity friends joined VuMee at the special event to welcome the launch of VuMee 2.0. The launch was not the only reason to celebrate on Thursday night, the party also marked the official acquisition of Data Pangea, LLC by VuMee Inc.
What is VUME Stock About?
VuMee, allows people with social networks (“Celebrities”) the ability to generate revenue by doing that which they are already doing, uploading non-exclusive and exclusive content to YouTube, Facebook and Twitter. The ability for the Celebrities to share in the advertising revenues results in revenue for the Celebrities.
The VuMee platform allows Celebrities to grow their brand organically and by way of the cross-pollination of VuMee’s cumulative celebrity fan base. VuMee has developed its business model through a unique technology that harnesses the global power of existing social networks, by providing a way to monetize Celebrities’ friends and fans.
The VuMee core product is the ability for anyone or any brand with a fan base, to upload video via the VuMee App on their mobile device or PC, and seamlessly share that content with their fan base thereby providing targeted demographics to advertisers.
The VuMee technology (cross-pollinization) allows for any celebrity to reach the cumulative fan base of VuMee. Content providers consist of anyone (celebrities, athletes, artists, politicians, motivational speakers, religious leaders, etc.), with an already existing social network or fan base seeking additional revenue opportunities.
Who Owns VUME Stock?
On April 23, 2012, Paperworks’ BOD, Rhoda Rizkalla, approved an agreement and plan of merger to merge with and into their wholly-owned subsidiary VuMee Inc., a Nevada corporation, to effect a name change from Paperworks Inc. to VuMee Inc. In addition to the name change, Rhoda approved to effect a 10 new for 1 old forward stock split of PPKD authorized and issued and outstanding shares of common stock. Upon effect of the forward stock split, authorized shares increased from 75 million to 750 million and issued and outstanding shares of common stock increased from 6 million to 60 million, all with a par value of $0.001. Of the 60 million outstanding shares,
• Donna Rispoli, beneficial owner, owns 4 million, or 7% indirectly via Combined Effort
• Michael Spiegel, CEO, Director and President, owns 6,278,500, or 10% indirectly via MLJP, LLC
• Louis Rosen, CFO, COO and Director, owns 2,295,000, or 4% indirectly via MLJP, LLC and beneficially owned by Mr. Rosen’s spouse, and as to which Mr. Rosen disclaims beneficial ownership except to the extent of any pecuniary interest therein
• Stacie Daley, Director, owns 9,197,800, or 15% indirectly via:
- 7,999,000 shares of common stock held by MR BLSD, LLC and;
- a total of 1,198,800 shares held by Ms. Daley’s minor children
Collectively, Spiegel, Rosen and Daley, Directors & Executives of VuMee, own 17,771,300, or 30%. With the addition of Rispoli’s ownership, 21,771,300 of the 60,000,001 is therefore owned making the share float 38,228,701.
Where Can I Find Out More About VUME Stock?
You can see the SEC filings for VuMee Inc. here. You can also check out these social networking sites until VuMee.com comes online:
Bottom Line: This social media networking penny stock is likely to be the hottest thing that has hit the app and social media world of penny stocks since Facebook Inc. (Nasdaq: FB). We’re calling it here that VUME stock will be a huge winner and likely to come out with a huge bang considering they were already atop the advert displays in the center of Times Square.
Make sure VUME is on your list of penny stocks to watch the moment the shares hit the market. Also, keep your eye on Global Gaming Network Inc. (Pinksheets: GBGM). There seems to be some suspicious activity happening. GBGM should open around 0.20 on Friday.
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