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A tender offer? LOL
No impartial third party that has ever looked at that music library would ever pay any real money for it that was anywhere close to management's valuation.
Have you ever actually looked at the so called "appraisal"? All of it is based on management assumptions for revenues that have never come to pass and never likely will.
Yep, triple zeros as expected. On the upside it is now closer to its value as a public corporate shell. The only hope now is if someone with competent management steps in to take it over for its shell value.
"management did their job"? LOL
It is mind boggling how low expectations have gotten for this company's management when just paying corporate fees is applauded as "doing their job"!!
This company hasn't posted "good" financials since its inception.
The best thing that could happen is an announcement that current management has either resigned or been replaced.
On the other hand, it also now cleans the table for someone else to come in and potentially take over the company as little more than a public shell or maybe pay a little more if they think there is any real value to the music library.
Just ousting current management could potentially send the stock higher.
"Reasoning based on due diligence is ignorant"....LOLOLOL...Ohkayy. In other words, reasoning based on "facts" is ignorant. Good Lord! SMH
That statement totally explains why people keep touting this stock. And why this country is in the lamentable state it is in.
They were strongly encouraged to settle this months ago and move on. But no, another dumb decision made by current management. This was long overdue.
The "irreparable harm" has been done by current management, not Blackbridge.
A potential reverse split and dilution is only the latest of a long list of problems this company still has. New management would have helped most of all.
Have to move quick on that. It will likely only be in theaters for a week or so and then straight to Wal Mart shelves and Redbox.
It was never intended to be anything more than a little straight to DVD film.
But your history is third hand. Mine is not.
When RG and her husband started a lot of people believed in them, or rather him, and they had something of value. Note how they have virtually all quietly withdrawn since then once the truth became clear. Plus, RG's husband was well liked and respected by a lot of people. Many felt a sense of loyalty to him after he died to try and help her.
Schwalb had his share of failures, no doubt about about that. But what business person that is around for any length of time does not?
Personally I don't believe HWAL is a scam just as I don't believe that either of the previous two companies that RG had were scams. They were more victims of incompetence and really bad judgement as HWAL is.
They've spent a fortune pursuing this Blackbridge nonsense, for instance, when they should have just settled it early and moved on.
A lot of money was wasted on that TV show, Knock Out, a knockoff of every other sports related reality show out there, which no one ever wanted to see. The music library COULD potentially have some real value with the right people to exploit it, which ASG had, but now that opportunity has been wasted.
Like I said, just general incompetence, bad judgement, and squandered opportunities by current management have kept this company from going anywhere. And they never take responsibility for any of it. It's just sad. A lot of opportunity lost.
KAM this time you are off base.
Schwalb was a decent guy and really was a force in Hollywood film finance back in the day. I know this personally for a fact.
Yes, there was the boneheaded idea to make a sequel to "It's a Wonderful Life" but that's no longer in play. Schwalb thought just talking about the possibility would make for notoriety because he knew it would be controversial. He was not going to write it. That's silly. The script was written by a woman connected with the original production.
Actually ASG signed a distribution deal for Bordercross just a few weeks ago. And a kid's TV show is in the works now too. But HWAL did almost as much damage to them with their failure to perform as they have done to their own shareholders.
The ASG management team was composed of some very competent people with experience in reverse mergers, uplistings, company turnarounds and new technology. I know this because I knew the people involved. They would have made a HUGE difference.
It's been that way since it was at 3 cents last year. That's the only way to profit on this stock. Sell the spikes.
The shame of it is that they had a chance to really turn the company around with the ASG merger. But they totally blew that by, once again, not performing until that group just had enough and walked away.
Well said.
And if Blackbridge gets their case thrown out of Florida and up to NY then expect another round of dumping.
Like it even matters though.
Current management has done more damage to shareholders than Blackbridge ever could.
LOLOLOL...MPIX is now worth more than HWAL.
Must be the no RG premium.
It's not hatred. It's facts. You can't make a silk purse out of a sow's ear.
The current management has done more to destroy the price of this stock than anything Blackbridge, or anything else, EVER did.
It's not hatred. It's disgust with incompetent management and lack of performance and dismay over how people are so willing to accept what their PRs say at face value (although apparently those voting with their money today aren't believing the hype).
If you do any due diligence at all and simply stop taking what current management says at face value, you will see this.
The crooks are the ones touting this stock at the expense of the gullible and misinformed.
They have ignored every other warning sign so why should now be any different?
I will let the decline in share price speak for me as this stock continues to do nothing but bounce in a sideways range en route to triple zeros.
If you don't want to listen to facts then you deserve what you get.
Be fruitful and multiply with yourself too.
I would not hold my breath for an uplisting. A reverse split is easy compared to actually performing on something and generating revenues, something this current management has yet to do even once.
You are exactly right about the reverse split. Although they explored this before and got nowhere because no one with any real money believes the value of the music library.
Given the lack of tech savvy or competence of current management I would not be surprised to see that actually happen. They still use autoplay on their website for God's sake.
I think I am going to bring public a pink sheet company whose major asset is a bunch of lottery tickets and value them on my balance sheet at $100 million. That would be a better asset than the music library with probably a lot more upside.
Dude, like I said before...it's been flopping around like a fish out of water since it hit 3 cents after the ASG announcement that ultimately failed.
Sure you can make a little money trading the swings while it bounces around. Not much though because it is still too illiquid. But it's not going anywhere until a catalyst emerges that is real and of substance and it is simply NOT there.
These PR releases are all the same..smoke and mirrors.
Trade the bounces all you like for as long as you can. But this stock is going nowhere longer term.
And THAT is the TRUTH.
Yes, and notice not a single mention of what happened to the HUGE SOA TV spectacular that was supposed to occur during Black History month.
Good grief man, do your due diligence.
Those values are bogus. They have been for years. RG even admitted as much in a previous listing. AT BEST that library is worth around $1.2 mil but even that is THEIR estimate.
Most music libraries are valued based on a multiple of revenues generated, usually around 10X. There have never been any revenues reported by them on their income statements. Not once.
READ the appraisal. It's online. The entire value is based on current management's pie in the sky assumptions that have been proven false.
You are being played.
And "Securus" appears to be..well, Craig Huffman.
This is hilarious.
Barnum was right...there is a sucker born every minute.
LOLOLOL...tbey hired the lawyer representing them in the Blackbridge case to supposedly help them with an uplist.
No mention of revenues or anything of substance once again. This is the same sort of BS PR they always put out.
There is no catalyst on the horizon to justify holding this stock for anything but a short term trade. And even then it's not like it's liquid enough for any size.
The simple fact is this stock has just been flopping around like a fish out of water ever since it last peaked at 3 cents on the ASG merger announcement, that failed to happen along with everything else management has promised.
But every few weeks it seems RG starts leaking what she claims is "good news coming just around the corner" to people she knows, and then they start spreading it like its gospel, and you get these pops that anyone with a brain that has taken a close look at this stock sells into.
She is not the CEO anyway. Darnell Sutton is the CEO.
Market value would be higher if management did ANYTHING of substance.
Even if they do pay off all their notes, there is STILL nothing of value there. They have had literally years to produce something and all they do is talk about how "great" they are while their shareholders get left holding the bag.
They are suing Blackbridge for doing irreparable harm to the company when it is current management that has done irreparable harm. By that logic they should be suing themselves.
Yes, it IS the same person. Compare pictures for God's sake. Even people who know her know that's her.
Uh no...KAM is totally right on this one too. That's her in the flesh.
Obviously you have not taken the time to read the appraisal that puts that bogus $68 million value on the music library.
It's ALL based on COMPANY ASSUMPTIONS, NONE of which have come to pass since the appraisal was done. Music libraries are valued usually based on a multiple of the revenues they generate and this library has produced no reportable income EVER. There is even a paragraph in one of RG's previous ticker offerings that values that library at just over a million dollars because they were unable to perfect the rights to the titles.
This $68 million in assets is a ridiculous con. Furthermore, if it was true the company would have bought all their shares back for a fraction of what they claim the value is.
There is simply NO catalyst to power this company higher. SOA never happened. The ASG merger never happened and that was the impetus for the uplist. There is simply nothing here. Nothing. Except unresponsive management that never says anything of substance.
That PR is old as dirt and a lot has changed since then.
Soul of America never happened.
The ASG merger never happened.
The impetus behind the uplisting was the ASG merger. Highly unlikely to happen.
Management has been seeing people leave like rats off a sinking ship.
And no revenues from the music library have been reported since inception.
None of that applies any more. The up list was going to happen if the ASG merger went through. It didn't. Nothing mentioned in that report is going to happen now except maybe a move to another mailbox office in DC.
The ASG details you reported earlier are no long applicable. The merger failed. HWAL really has nothing left but their music library which generates no revenue and essentially means it is not worth anything close to the value they carry it at on their balance sheet. And management has not put out any news of substance in months.
These technical runs have occurred several times over the last few months. But they have always ended up fading because there is nothing to support all the buying. There is no uplisting coming. There is nothing of value here to justify it.
If you are trading relatively small size, you can make a few bucks in this stock with these intermittent technical runs. But don't expect anything more because there is simply no substance here. Owning this stock is no different than owning a lottery ticket except that the lottery ticket would have a lot more potential upside.
Exactly.
And for that library to be fairly valued it would need to be generating around $6 mil plus in revenues annually. Anyone seen $6 mil plus in revenues on their income statements? I don't think so.
For that matter, if the library was generating that kind of revenue to justify its valuation then who in their right mind would not just buyout all the HWAL shareholders at these prices, or much higher for that matter?
But we all know, or at least should know, that's not gonna happen.
I think you need to do some simple math.
No revenues for a music library means it has no real value in the market place. Do a little research into how music libraries are valued.
What they have is a collection of titles that they have not been able to perfect the ownership of on most. That much is mentioned in a previous ticker that RG was involved in where that was also the primary asset. That valued the library at a little over a mil then.
So the asset value listed on their balance sheet is valid only in some alternate universe where current management's assumptions are actually truthful.
Look, HWAL had a chance. The people at ASG were competent people and could have turned this company around, gotten an uplisting done, etc.. But HWAL blew that. There is nothing left in this company now but that fairy tale valued library, a tv show no one wants to see, a supposed tech offering that has been sitting on the shelf for years that no one wants, a supposed Black history month related extravaganza that never happened, and management that never has anything of substance to report other than to try and brag about how great they are.
You may not like what KA has to say but he has been right from the start.
As for the "assets", read through the appraisal. Those assets are valued based on current management's pie in the sky assumptions.
Music libraries are typically valued based on a multiple of revenues, usually around 10X. There are NO revenues from that library on their balance sheet. That $65 million value is bogus which is why the market has this company valued at a few hundred thousand, and even that may turn out to be generous.
Assuming news is actually coming this time, when has this company ever released news of any substance that was not more puffery? Can anyone give a single example of anything they have claimed that actually happened?