Valcom Inc (fka VLCO)

[Appraiser]

I can't answer your question. I could do the appraisal at any time if someone wanted it. I just have never been hired to perform an appraisal. Not by Vince Villerdita or by the current Board. My work has always been limited to setting a value on the Video assets. I have the whole inventory of tapes, song titles, publishing contracts, copyright holders etc but have not been given authorization to make that public.

As you must know the appraising of intellectual assets is very different from physical assets. There has been no income from the tapes for many decades so you would have to develop a model that accounts for potential income based on what work would go into the library to make it viable.