Monday, May 22, 2017 11:08:51 PM
It's ALL based on COMPANY ASSUMPTIONS, NONE of which have come to pass since the appraisal was done. Music libraries are valued usually based on a multiple of the revenues they generate and this library has produced no reportable income EVER. There is even a paragraph in one of RG's previous ticker offerings that values that library at just over a million dollars because they were unable to perfect the rights to the titles.
This $68 million in assets is a ridiculous con. Furthermore, if it was true the company would have bought all their shares back for a fraction of what they claim the value is.
There is simply NO catalyst to power this company higher. SOA never happened. The ASG merger never happened and that was the impetus for the uplist. There is simply nothing here. Nothing. Except unresponsive management that never says anything of substance.
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