Writ Media Group Inc. (WRIT)

[Predictomatic]

Lessons learnt.

This whole experience has been one long train wreck. It shouldn't really come as a surprise as a look into the background of personalities involved reveals similar failures to deliver and similar tactics used to make a company look more professional and larger than it really is. I draw attention to my previous link to Amiga and the (failed) sponsorship of a hockey stadium and then WRIT using NASCAR:

http://community.seattletimes.nwsource.com/archive/?date=20070731&slug=kentarena31m

Likewise we also saw the same pattern of promising software (games and even an Operating System), which fell far short of what was promised, but in hindsight was only there to act as bait to investors.

As we pick through the ashes of the fire, try to take something positive away with you:

REMEMBER THE NAMES OF THOSE INVOLVED WITH THE COMPANY AND THE PROMOTION.

Next time you invest, check to see who is involved and if you see any of these individuals or companies with their fingers in the pie then run away.