Hollywall Entertainment Inc (HWAL)

[lsprw]

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.