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According to an appraisal being conducted subsequent to December 31, 2010, the “ VideoLibrary will have a certified value of no less than $6,900,000 for the copyrights and digital formatting. A higher of value of 19,020,000 can be expected based on the potential income that can be generated over the next 7 years…In addition to valuing the Video Library we have started compiling the information necessary for a valuation of the Audio Library which consists of Master Tapes, Demo Tapes, Misc. Tapes as well as copyrights to most of the works along with copyrights on over 800 song titles. This appraisal will take a great deal of work to sort through all the material available but we have already identified well over $2,500,000 in royalties that have not been paid over the last 19 years on a few of the artists in the library. This does not include the copyrights on both published and non-published works. This appraisal will in the opinion of the appraisers far exceed the value of the Video Library by as much as 3 or 4 times in value”.