Hollywall Entertainment Inc (HWAL)

[Kool Aid Man]

Roxanna Green-Weber's "17,500 song/ music library" constitutes over 98% of the company's alleged "assets." It is, in fact, nothing more than a "non-exclusive LICENSE" which any number of entities can and do have rights to use...and currently do

In reality, the vast bulk of this library consists of copyrighted songs which are owned by OTHERS.. not Roxanna.. not HWAL. A license represents an EXPENSE.. not an asset. You have to pay for the license (which I've never seen proof she actually has).. and pay royalties for and music you reproduce and sell.

Here's the truth about HWAL's "VALUATION REPORT INTELLECTUAL PROPERTY" (music library) as of 12/15/2014

When reading the 68 pages closely it becomes clear HWAL's grandiose valuation is based entirely on their own projections of revenues >>IF<< they were ever to generate the sales of CD's, downloads, broadcasting, etc. they assured the evaluator would be forthcoming. See pages 37-38 where he says-->

The management of Hollywall Entertainment, Inc prepared the forecasted activity and is solely responsible for the assumptions used to create the information used as a basis for the valuation analysis. We were unable to Secure sufficient third party documentation to enable us to determine whether the assumptions are reasonable.... as of the date of this report, we have not been provided with documentation to show that distribution contracts have been signed to place product into traditional retail outlets or digital distributors. In addition, management’s assumptions (see Exhibit 13) reflect a significant reliance on direct to consumer sales via broadcast partners. As of the date of this report, we have not been provided with documentation to show that Agreements have been signed to sell product in this manner. In addition, we have not been provided with any documentation to show that Agreements have been signed for licensing of the existing recorded music masters... Accordingly, if management is unable to achieve the results as forecasted , then the value reflected in this report will be substantially less than stated. doczz.net/doc/12843/valuation-report-intellectual-property

There's much more but you get the drift. In short, the valuation of this "asset" is entirely based on what HWAL claimed they themselves would generate with it.

IMO HWAL continues to misrepresent this hypothetical "valuation of potential revenues" as an "asset" on their books.