Writ Media Group Inc. (WRIT)

[The Tip Sheet]

We initially took a position in Writ Media Group on the basis that Front Row Networks would produce revenues and subsequent earnings. Projects that we were encouraged about include:

1) A three dimensional(3D) concert
2) Electric Daisy Carnival

We are long WRIT common shares and have a hold on the stock pending positive developments. If sales of Amiga games are successful, through wholly owned subsidiary Retro Infinity Inc., and the Entertainment Software License agreement with Tommo Inc. generates meaningful results we may revisit our opinion. We are not buyers of the stock.
Recent developments include sponsoring of NASCAR and the retention of Digney & Company.
The QualityStocks interview with WRIT Media Group CEO and President Eric Mitchell has generated little to no interest at this time. We remain skeptical until we see sales numbers and some activity in the stock which now has 16 million shares outstanding when spring 2014 there were 5 million after a 1 for 1000 reverse split.
It is unclear of the company relationship with accredited investor Irwin Zalcberg.
We will be watching this closely as management may have turned things around but maintain our hold rating until management closes the credibility gap with performance not promises.

Disclosure Long
Opinion Hold

The Tip Sheet