Looking to build an entertainment empire, Valiant Eagle Inc. (OTC Pink Limited: PSRU) has been working tirelessly to grow in this industry through its various divisions. Since announcing that a major Hollywood executive is joining its subsidiary, PSRU stock has been one of the hottest stocks climbing by as much as 228%. With the company promising to release PRs soon regarding this new executive and a docuseries with a NASDAQ company, PSRU stock could be a profitable hold in anticipation.
PSRU Stock News
Providence Film Group
Through its Providence Film Group subsidiary, PSRU provides media content largely related to movies and television through budgeting, scripting, production, post production, distribution, as well as marketing. Through this work, PSRU has worked on the production of several movies and programs leading it to enter a development agreement with New Republic Pictures (NRP) to provide the development funding for a biopic on the well-known American socialite Zelda Fitzgerald. Aiming to drive-up interest in the movie, the company agreed with Academy Award-winning actress Jennifer Lawrence to play the starring role of Zelda.
PSRU’s CEO Xavier Mitchell will serve as an Executive Producer on the project and Providence Film Group will get credit in the movie. Considering NRP’s reputation in the movie industry, this agreement could open a plethora of opportunities for PSRU in the future.
Meanwhile, PSRU completed the production of its horror movie – The Knock – last March in partnership with Subplot Entertainment. This movie was shot independently and Providence fully financed the project. As horror films generated more than $1 billion at the box office in 2019, Mitchell expects The Knock “to be a top performer with its unique content and undercurrents of Biblical prophecies that have been unheard of since Omen in the 70s”. With this in mind, Providence is currently negotiating with major distributors to facilitate a wide theatrical release. If the movie is as successful as advertised, PSRU could be positioned for more success in its future productions.
In the meantime, PSRU is looking to start the filming of The Wild Geese movie project. PSRU is currently negotiating with a Greek billionaire to fully fund the project. The company is also in talks with a famous British director and an A-list Hollywood actor who starred in several action films.
As well as producing movies, Providence has been working on its own program – Ambush Karaoke – which will introduce new technologies to give viewers a better karaoke bar experience via television and the metaverse. Looking to increase this program’s popularity, PSRU hired icons in the music and TV industry as executive producers.
These icons include former American Idol judge Paula Abdul – who will also act as a judge on Ambush Karaoke, Xavier Mitchell, and most notably Ron Deshay. Deshay’s company, World of Dreams Entertainment Group, will handle the production of the program and Deshay will also act as a director and showrunner for the project.
Deshay’s presence on the project’s production team is a bullish sign that the program could be an instant hit. With more than 20 years in the entertainment industry, Deshay was one of the original producers of American Idol and produced other projects like So You Think You Can Dance. Through this experience, Deshay received three Emmy Award Nominations as well as several Producers Guild Awards and Nominations. With this experienced team on board, PSRU’s program has the potential to attract a large number of viewers once it starts airing.
ABA Canada
Venturing into the Canadian professional sports scene, PSRU entered an agreement with the American Basketball Association (ABA) through which the company is the majority shareholder of ABA Canada with an exclusive license to develop a Canadian league using ABA’s branding.
The ABA was a precursor to the NBA and eventually merged with it in 1976. It was reformed in 2000 and now has leagues in Mexico, Australia, and more. Currently, it is the largest professional sports league in the world and offers the opportunity for families to see a game for tickets ranging from $10 to $50.
Looking to capitalize on the growing interest in basketball across Canada, PRSU is hoping to offer an alternative to the NBA which has only one team in Canada – the Toronto Raptors. Currently, PRSU is accepting deposits for the right to bid and purchase market reservations which would give the winning bidder the right to an ABA Canada team in a specific region. PRSU will start with a few teams in areas where basketball has already been popularized and is only accepting bids for Ontario, British Columbia, Alberta, and Quebec at the moment.
As this league is still in its early development stages, PSRU is planning to secure celebrity owners for its teams to help increase its popularity. In addition to other incentives, PSRU plans on streaming matches on its channels in accordance with a media streaming partnership with the American Basketball Association.
VE Gaming
Given that the company is aiming to become a leader in the entertainment industry, PSRU has created a new gaming division – VE Gaming – to develop video games across several platforms. Although the company will develop traditional video games for Playstation, PC, Android, IOS, and other platforms, PSRU will also develop games for the growing blockchain gaming sector.
To launch its new gaming division, PSRU is currently developing a street basketball game that it expects to rival NBA2K. With this in mind, PSRU intends to release a demo for this game on Playstation, XBOX, and PC in the near future. At the same time, PSRU will look to utilize its movie collection which includes films like Fists of Fury (featuring Bruce Lee) and Swamp Thing while developing its new games.
Fungy NFT Marketplace
PSRU is also looking to capitalize on the growing market for NFTs by developing an NFT marketplace called Fungy. As Fungy is still under development, PSRU has been building an NFT inventory to drive more traffic to its marketplace by auctioning off its inventory over time. In this way, PSRU expects to realize more than $10 million from NFT sales in the marketplace’s first three months after launch.
While this is an ambitious goal, the company could garner a lot of attention thanks to the more than 20 thousand NFTs it has created with collections based on Fists of Fury, The Roo Awakening, and Marilyn Monroe. Its collection of television and film content could give Fungy a significant competitive advantage as it develops.
Aiming to grow Fungy more rapidly, PSRU is negotiating with a leader in NFT marketplace marketing which the company believes will help position Fungy on par with industry giants. Fungy will also feature a Valiant Eagles coin which can be used with VE Gaming’s video games and other non NFT content. Currently, Fungy finished its beta testing and is ready to launch. However, PSRU intends to launch the marketplace once its backup server is operating to ensure smooth and fast transactions. Considering the potential of this venture, PSRU stock is one to watch in the coming weeks in anticipation of Fungy’s launch.
Raising Funds
Given that all of these growth efforts require significant funding, PSRU is looking to raise funds through a Reg A offering. Through this, PSRU is expected to issue 20 billion shares at $.0005 per share for total proceeds of $10 million. While offering these shares could significantly impact shareholders’ value, PSRU intends a “massive” share buyback once its projects generate their expected revenues.
*Updated September 12th
Providence Film Group
Looking to start filming its Wild Geese movie, PSRU announced that the movie will star Hollywood A-List actor Jason Statham and expects to add an additional 11 A-List actors to the movie’s cast. Meanwhile, the company shared that it secured funding for the movie through a pending agreement. In this way, PSRU expects Wild Geese to have more success than Sylvestre Stallone’s blockbuster – The Expendables. In addition to this project, PSRU closed a production deal with a NASDAQ dental tech company to produce a 6 episode docuseries which the company expects to be a major hit. Through these projects, PSRU could be on track to further grow its revenues in the coming quarters.
As the company is growing its production projects, Providence added a new key executive with more than 60 movies to his credit and produced movies with several A-List celebrities. Through this executive’s experience, PSRU is bullish Providence could be positioned as a niche player in the movie industry. In light of this, Providence could allow PSRU to achieve significant financial growth in the years to come as it continues securing more projects. With the company promising to release PR to name this executive, PSRU stock could be one to watch over the coming weeks.
ABA Canada
Aiming to start its Canadian basketball league, PSRU’s subsidiary ABA Canada is negotiating to secure high level executives from the NBA and other sports teams to run this league. With this in mind, ABA Canada is in late stages of negotiations to fill the roles of general manager and vice president. Since this league could garner substantial interest in Canada, ABA Canada plans to hire over 100 employees – including the league commissioner role. Meanwhile, the subsidiary is finalizing terms for reservations of its initial three markets in Canada which could allow the league to start running in 2023. As the league could be starting soon, PSRU stock could be one to hold in anticipation of additional news regarding this venture.
VE Gaming
With the company aiming to become a leader in the web 3 gaming scene, PSRU’s subsidiary – VE Gaming – hired renowned game studio Robot Sea Monster to develop a number of web 3 games. According to this deal, Robot Sea Monster will provide PSRU with more than 200 hours of pre-production and 500 hours of production to launch the company’s first game on various platforms as soon as possible with advanced quality. By developing such games, VE Gamins appears to be well-positioned to achieve its target of becoming a leading triple-A gaming studio similar to Activision, Rockstar, and Epic Games. As investors are anticipating the release of the company’s first game, PSRU stock could be set to climb once more updates are shared.
Fungy NFT Marketplace
After much anticipation from investors, PSRU finally released the beta version of its NFT marketplace – Fungy. In this way, artists, entrepreneurs, and NFT enthusiasts could finally perform transactions on the much anticipated NFT marketplace. While Fungy is mainly an NFT marketplace, it also acts as a distributed network across the polygon blockchain – allowing trades of crypto assets and digital work without a middleman. Meanwhile, Fungy is not the traditional NFT marketplace as it has NFT content for movies, TV, and sports enthusiasts which they can acquire, mint, or sell.
In addition to these features, Fungy provides its users with real-life utility by providing them with opportunities to claim tickets for sports games, cinemas, and concerts. Moreover, Fungy provides users with access to VIP movie premiers, exclusive merchandise, as well as movie and TV production set visits. Based on these features and utility, Fungy has the potential to emerge as a leader in NFT marketplaces which could position PSRU stock for significant growth in the long-term.
PSRU Stock Financials
Q1 Financials
In terms of its financials, PSRU’s Q1 report showed financial growth in a number of key metrics. The company’s assets grew 106.8% QOQ to $61.6 million compared to $29.7 million and it has $1.9 million in liabilities. Meanwhile, revenues increased substantially from $1 million a year ago to $2.6 million. This increase was accompanied by an increase in operating costs which now amount to $1.8 million compared to $981.6 thousand in the same period last year. As a result, the company reported a net income of only $887.3 thousand.
It’s worth noting that the company’s share structure has gone through some changes. In December of 2020 PSRU had 75.9 million shares outstanding. By September of 2021 this grew to 1.083 billion and by March of 2022 it reached 1.48 billion. The company also had a reverse split in the past but has confirmed it will not pursue another.
Q2 Financials
Looking into PSRU’s Q2 report, the company is showing encouraging signs of future financial growth as its revenues grew to $5.3 million – increasing from $2.5 million in the same year-ago period. Meanwhile, operating costs increased to $3.4 million compared to $2.4 million a year ago. As a result, PSRU was able to report a net income of $1.9 million.
As for assets, PSRU reported $61.7 million compared to $29.7 million in 2021 thanks to the company increasing its Providence films’ assets to $54.4 million from $11.8 million. PSRU also has $2 million in liabilities comprising $1.7 million in notes payable. With the company working on several projects in its pipeline, PSRU could continue its growth in the coming quarters.
Media Sentiment
@SuperRobotOTC is bullish PSRU stock could pay off in the future.
@BinDaddys is watching PSRU stock for updates this week.
Technical Analysis
PSRU stock is currently trading at its support at $.0012 and has additional supports at .0010 and .0006. The stock also shows resistances near .0016 and .0020. Considering the company’s upcoming catalysts, bullish investors could add to their positions at the current price level as the $.0012 support has shown previously to be a strong support. However, PSRU recently dropped below its 50 MA so investors could watch for the current support to hold before adding shares. Meanwhile, if the stock drops below its current support, a good entry point could be near $.0010.
Accumulation is trending downwards at the moment and the MACD is bearish which could be attributed to investors taking profit following PSRU’s run to $.0020. Meanwhile, the RSI cooled off significantly to 40 indicating that PSRU stock is slightly oversold. In light of these indicators, PSRU could be a good buy in the near term as it appears to be set for a rebound soon. As for its share structure, PSRU has an OS of 1.9 million and a float near 1.7 million.
PSRU Stock Forecast
Through its ventures in the entertainment industry, PSRU stock is emerging as one of the entertainment stocks to watch for growth in the future. With the company finally launching the beta version of its Fungy NFT marketplace, PSRU could be well-positioned to become a leader in the NFT marketplace sphere thanks to Fungy’s features and utility.
In addition to Fungy, Providence has been doing a tremendous job in the movie production industry as it secured Jason Statham to star in Wild Geese and plans to add an additional 11 A-List actors to the movie’s cast. Moreover, investors are anticipating an announcement regarding the docuseries with a NASDAQ company which could allow new investors to enter into PSRU stock.
Given the potential of operating in the movie industry, PSRU is adding a veteran Hollywood executive to Providence which could further grow the subsidiary’s operations. Since the company intends to share PRs regarding the docuseries and the Providence executive soon, PSRU is one to watch this month for a run-up.
PSRU’s gaming subsidiary could also set the company up for significant growth in the future. Considering the rapid growth of web 3 and gaming, PSRU is looking to capitalize on this growth by offering triple-A web 3 games. With the company partnering with a well-known game studio like Robot Sea Monster, VE Gaming could be on track to secure a significant share in this growing niche. In light of the company’s ventures and continued financial growth, PSRU stock is shaping to be one of the most profitable long-term holds in the OTC, however, investors should be wary of dilution.
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