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Re: ben1856 post# 8435

Friday, 05/12/2017 3:00:02 PM

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

Post# of 11779
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.