Friday, May 12, 2017 3:00:02 PM
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.
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