VNUE, Inc.

RDCTdata completeness 75%18 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023
Revenue	$206,161¹	—	$100,476²	$359,147³	$529,439³
Net income	−$1.4M⁴	−$4.55M⁵	$2.92M⁶	−$22.8M⁷	−$1.14M⁷
Operating cash flow	−$501,905⁸	−$518,493⁹	−$1.43M¹⁰	−$1.28M¹¹	−$1.08M¹¹
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$52,096¹²	$4,458¹³	$36,958¹⁴	$82,807¹⁵	$25,430¹⁵
Diluted shares	447.2M	1.21B	1.41B	1.68B	2.65B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.02

your share of equity

Profit it earned you last year

−$0

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.02 of net worth that earned you −$0 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+492% shares · 5y

Share count is up 492% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts