​RESERVE YOUR BULLETBOYS SONGSHARES®

​Smooth Up In Ya,” AND “I Know There's Something Going On” SONGSHARES® ARE AT VIP AUCTION NOW!

This is your chance to reserve a piece of two BULLETBOYS songs!
Get BULLETBOYS SongShares® for soon to be released versions of “Smooth Up In Ya,” and “I Know There’s Something Going On.” 
Reserve your SongShares® during the VIP Auction and be the first in line to purchase when they go on sale,
after which, music royalties will be paid directly to you.



"Smooth Up In Ya"

Reserve 1 Share

2+ Shares - Signed Photo

(1) Signed BulletBoys Photo
+ Digital Certificate of Authenticity (PDF)

Reserve 2+ Shares

5+ Shares - Online Chat*

• Group online Chat with the band *

• (1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 5+ Shares

20+ Shares - 30 min. Live Chat**

+ Access to an online group Q&A*
(1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 20+ Shares

100+ Shares - Acoustic House Concert***

• Receive a 20-minute Acoustic House Concert by the band***

+ Access to an online group Q&A*
(1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 100+ Shares

"​I Know There's Something Going On"

Reserve 1 Share

2+ Shares - Signed Photo

(1) Signed BulletBoys Photo
+ Digital Certificate of Authenticity (PDF)

Reserve 2+ Shares

5+ Shares - Online Chat*

• Group online Chat with the band *

(1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 5+ Shares

20+ Shares - 30 min. Live Chat**

+ Access to an online group Q&A*
(1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 20+ Shares

100+ Shares - Acoustic House Concert***

• Receive a 20-minute Acoustic House Concert by the band***

+ Access to an online group Q&A*
(1) Signed BulletBoys Photo

+ Digital Certificate of Authenticity (PDF)

Reserve 100+ Shares

*DATE AND TIME TBD
**DATE AND TIME TO BE SCHEDULED WITH PURCHASER
***DATE AND TIME TO BE SCHEDULED WITH PURCHASER. PURCHASER RESPONSIBLE FOR TRAVEL AND ACCOMODATIONS. SPECIFIC PERFORMANCE REQUIREMENTS APPLY.

FAQ

What are royalties?

Royalties are payments made from one party (the licensee) to another (the licensor) for the right to the use of an asset. The asset can be virtually anything — from tangible assets like minerals and oil to intellectual property like songs, brands and patents. Royalties are usually paid as a percentage of revenues, gross or net, yielded from the use of the asset.

What am I buying?
SongVest offers the opportunity to purchase future royalty revenue generated by music. Details about the royalty stream you are purchasing and the asset which generates it will be available in the specific listing you are viewing. 

Each listing will explicitly state the length of investment for the royalty stream at auction. There are many types of royalties for many different assets, so lengths of ownership vary. Please read the details on the specific listing.
What are SongShares?

SongShares are fractional shares of royalty streams, and an exciting new way for anyone to buy a stake in the royalties of songs they love and share in the income. SongVest is the first to utilize Regulation A+ of the U.S. Securities and Exchange Commission in order to sell music royalties in SongShares which are “royalty share units.” In each offering, SongVest experts work with a seller to evaluate their catalog, determine the limited number of royalty share units to be sold, and create a listing.

What is a VIP auction?
A VIP Auction is the first step in buying SongShares where bidders can reserve the number of units they want to buy at the current price, after the offering is qualified by the SEC. If all units are reserved at the starting price, the price will go up and bidding will continue. It’s possible that you could be outbid and lose your SongShares. Bidders can place hard bids or proxy bids on each VIP Auction, and will receive notifications if they have been outbid or when the auction closes. Participants in the VIP Auction that have a successful bid at the end will have the first opportunity to purchase those reserved units. 

Under SEC guidelines, the non-binding VIP ("Verify Interest of Participation") Auction with potential investors is used to price the interests in the offering of royalty share units. It is also referred to as a "Test The Waters" auction under Tier 2 of Regulation A of the Securities Act and the offering circular.
How does bidding work?
Watch a video explanation
During the VIP Auction period, participants can make non-binding bids on a fractional share of the royalty stream. The number of royalty share units available will vary for each auction.Once all units have sold out at a certain price, it will automatically increase by a set amount and allow for more bids on the total number of SongShares. This will repeat with price increasing until time runs out and more bids are made. 

Bidders can place either HARD bids or PROXY bids. HARD bids are immediate bids at the current price for a specific number of units. A PROXY bid is when you set a maximum price and number of units you would purchase and the system will automatically bid for you if the price increases.SongVest’s auction platform shows bidders the current price and bid status, and then will notify them if they are outbid. 

When the VIP Auction is over, the price will be set at the highest amount achieved when all were SOLD OUT. If only half of the units were sold at $275, then the final set price would be $270.After the auction and SEC qualification, all participants with successful bids of SongShares will have the option to purchase the units before the general public offering!
What happens if I win a VIP auction?

If you have a successful bid at the end of the VIP Auction, you will have the option to purchase those SongShares during the VIP Sale before the general public, and after the offering qualified by the SEC.You may purchase up to as many royalty units as you reserved during the Auction. For example, if you reserved 50 SongShares, you can purchase 1, 2, 10, or any quantity up to 50 units. There will be some time between the end of a VIP Auction and the VIP Sale or public offering. This is due to the SEC qualification process which can take two weeks. 

What happens at the end of a VIP auction?
SongVest uses the Five Minute Rule for auctions, whereby if a bid is placed in the final five minutes of an auction the listing will stay open for an additional five minutes. There is no limit to the number of times an auction can be extended. So we recommend that bidders check back often as an auction nears closing time. When the auction has officially come to a close, the listing will indicate “Auction is Closed”. 

SongVest makes every effort to ensure system availability. However, we reserve the right to (in rare cases) close an auction prior to, or extend it beyond, the posted closing time. This may be done at our discretion and without warning. SongVest is not responsible for incomplete, failed, garbled, scrambled, delayed or misdirected computer transmissions due to technical computer hardware or software failures or other errors of any kind.​

If you have a successful bid at the end of the VIP Auction, you will have the opportunity to purchase those SongShares during the VIP Sale before the general public, and after it is qualified by the SEC.
What is a VIP Sale or a Public Sale?
After a VIP Auction is complete, participants who had a winning bid at the close will have the first opportunity to buy their SongShares at the price set during a private VIP Sale. These bidders can purchase UP TO the number of shares they had as part of their winning bid. They can purchase less, but not more. After the VIP Sale window, all remaining shares will be available for the public to purchase at that same price. Eligible participants in the VIP Sale who missed their window, or who want to buy additional shares, can do so during the live public offering. Purchasers will make payment through the SongVest website and will receive a Buyer Subscription document via docusign that must be electronically signed before the transaction is considered complete.

When all SongShares are sold, or the minimum amount of the offering as defined in the Royalty Option Agreement has been reached, the offering can close. 
How do I pay?

No money will be accepted until the offering is qualified by the SEC, which can be two weeks or more after it is submitted to the SEC. Buyers must connect their US-based bank account or credit card to their profile to complete registration on the site, and to pay for any offerings. All payments are processed through an escrow account at North Capital.

When do I receive royalty payments?
Royalties are paid on a quarterly basis to the US-based bank account connected to your SongVest profile. An investor’s first royalty payment for a SongShare will be disbursed in the quarter following the reassignment of the stream. Any earned royalties will be paid out 45 days after the end of the quarter in which they were received. For example, royalties received in Q1 (Jan-Mar) will be distributed by May 15.

The reassignment process takes longer for some listings than others, depending on the payment company, and it is generally completed within 1 month if not sooner. If this process takes longer than a quarter, the first distribution will include payment for all distributions that would have occurred during the waiting period. You must own the SongShares at 11:59pm ET on the last day of the quarter to receive payment (March 31, June 30, September 30, December 31).​

You are able to view your total investments in your SongVest dashboard, along with your royalty payment history.

For all other questions outside of this TLC promo, please reference our company FAQ page for more details on SongVest related questions.

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