Burned Media Ltd (BUNM)

[ken_rn69]

The opinion has grown on this board that Tight Lipped Mike is a scoundrel, a ruthless villain, etc. but the objective evidence is that he has a business that has over 1 million users and growing. It has a product that is in demand. He makes moves and doesn't keep his shareholders informed. He doesn't appear to care about the pps of the stock.
A few months ago, BMI music took all of their artists' music from Hypster. For some reason all of the other music is still there.

Are we to assume that those artists and music labels are just "being nice" and letting "Tight Lipped Mike" make his fortunes gratis?

Isn't it a little more logical to assume that he's probably paying royalties/licensing fees and is going about his business or the whole site would have been shut down by now.

Incidentally, the "charge for music" movement is already started.
Remember Napster? Well, it's called "Free Napster" now but the first thing you see when you go to their site is "$5" for your subscription.

http://free.napster.com/subscribe/

Like I said before, this isn't anything new in business. It's the 6 month discount you get with your cable or telephone service. Get you accustomed and dependent on the service then stick it to the customer. Soon, all of the services will be doing the same thing. When you have a giant who wants to eliminate the smaller competition, they buy out or otherwise merge. Sometimes you have smaller companies who merge together to become giants.

I don't know what TLM has up his sleeve. All I know is that Hypster has over 1.1 million users and continues to gain new users every day. Through those new users, value is being added to the company.

My mortgage money isn't tied up in my BUNM investment.

I'm going to hang around till it either blows up or tanks completely and that's all there is to it. It's got go one way or the other sooner or later. I'll be around to see it.

If it tanks and BUNM goes out of business, I'm no worse off than I am now. I haven't used the money I invested in over 3 years. It's not going to make much difference now whether I ever use it.

If it blows up via buyout, merger, increased earnings or whatever, I'll enjoy the fruits of my investment. I don't spend a lot of time worrying about BUNM. I'll just be around whenever it does what it does. End of story.