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retiredanalyst

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retiredanalyst

Re: Daily Dollars post# 12545

Thursday, 07/05/2012 12:21:57 PM

Thursday, July 05, 2012 12:21:57 PM

Post# of 32985
The listed assets on MPIX's 10Q is a bunch of bunk. How can MPIX value those assets at $40,000,000 when they haven't generated a single penny in revenues, and they don't even own the music? It's a completely made up figure. This explains why there isn't even the slightest chance MPIX could ever produce a audited financial statement because no CPA could ever certify that valuation.
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