Burned Media Ltd (BUNM)

[Pass the Salt]

YES

'June 2008 Shareholder update'

From Summary and Objectives page

'Explore exit options for Hypster.com and related properties to realize investment in next 6-12 months'

Between now and June 2009 it would seem that Hypster.com is For Sale to the highest/best bidder.

There are a number of other inferences in the Shareholder update including the following statement:

'reality is the property is only worth what someone will pay for it or invest in it so time will tell after reaching more significant milestones in next 6-12 months

My belief that Hypster.com could be bought out in the next year is mainly based on what co. has stated.

My speculation comes in with the management communication lines being effectively cut-off with us the rank and file shareholders:

One interpretation is that co. is indifferent to shareholders...

Another is that the co. is currently and heavily engaged in shopping around for suitor. They seem to be looking beyond the 'long haul' and desire to cashing-out of their(our)investment. If their interest is relatively short-term why build relationships with investment community for mid-to-long term?

If their investment and borrowing is say 5,000,000 and they get a buyout @ 20,000,000 it's really a no-brainer if you're in management what you would likely do in the situation.

* Based on past history we should see PR at 450K user mark and greater interest as we approach 500K which is a significant milestone for the property and should attract some real attention in the social networking echelons. 500,000 is certainly far beyond 3000 beta users!

I think a real positive for hypster.com is that the focus on digital music is quite narrow. Other social networking sites are like Matt's article said 'faddish' and lack a real focus. I can see how a buyout player with commitment and cash could truly move hypster to the next level.

Can you imagine if a player like Apple, Google or MySpace music with large advertising capacity moved us beyond the organic growth model?!!