Mindpix Corp. (fka MPIX)

[Kool Aid Man]

Music library is a liability, not an asset

Fact: Roxanna's "non-exclusive" ability to exploit the copyrighted music of others represents a license she had to PURCHASE. Furthermore, she will be required to PAY royalties on any re-recordings she publishes and sells. Therefore, this music library does NOT constitute a bookable asset to her. At best it offers the "potential" to generate income based on her ability and willingness to do so in this extremely crowded and competitive field. If "past is prologue" then this is all one pipe dream.

Quote: "The value of the library is relative to your ability to exploit it in different markets."
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BINGO!!! Owning the rights to reproduce music has very little intrinsic value. Roxanna states that the music library is worth $250 million as if she could go and sell that library for near that amount. That is not the case. The library is "worth" what you can earn by exercising the reproduction rights. I suppose she might be able to sell those rights but most times when an entity has a non-exclusive license to IP they are not allowed to then sublicense or sell it. Even if she could, why would anyone buy the rights from her when they can just go straight to the copyright owners and negotiate their own license?

So...we're right back to, the library is "worth" the amount of money MPIX can earn by exercising the reproduction rights and if you read up on EMXC you will quickly see that it is very little. Roxanna/EMXC/MPIX has repeatedly shown an inability or lack of will to do almost anything. Their family/companies have supposedly "owned" this license for the past 15 years and yet no one can point to a single product they've ever produced and sold in ANY store.

Instead of actually trying to run a real business, Roxanna exists by lying to people about future plans and selling shares of her companies until those shares are worthless. She's already done it with EMXC, MPIX is next. If the SEC doesn't step in, there will probably be a couple of reverse splits so she can continue diluting shares and then when the fat lady starts to sing with MPIX, guess what?...there will another merger and the "music library" will be transferred over there. Wash, Rinse, Repeat.

-unconvinced