Music Licensing Inc (SONG)

[rstockguy]

Yes.. the company should update you on the results created by Paul Getty. Let's see what we know so far. Well, we know the company paid him over $400,000 in stock up front back in November and so far, he has supposedly produced this contract with the doctor's office building. The only problem is.. here we are 6 months later and there is nothing shown as spent on the project in the disclosure docs.... unless they hid it somewhere and didn't tell us. Nor is there anything in the disclosure documents about this alleged contract.

PLUS... as previously mentioned, the company proudly boasted it had completed its first sale and installation in the first quarter but never booked a dime of revenue or, again, costs of sales.

And of course, we musn't forget that the contract Paul allegedly sold was for 10 turbines at a sales price of about $27,000 each. Given the Kohl one's cost the company $30,000 each to install, at best.... if it completes, which at this point is highly doubtful, it won't be very profitable and I predict it will be done at a loss.

So... what does the company have to show for the $400,000 it paid Paul Getty after 7 months? Nothing but a questionable press release about an alleged sale. No progress on the sale after 7 months.... No follow-up sales... no great deals... sounds to me like BLDW made a pretty bad deal.. but paying someone up front usually works out like that. Give a lot and get next to nothing back.

5 more months and Paul can start selling his shares. At a cost basis of ZERO... I wonder what the lowest he'd be willing to dump them at is??? If he's smart, he will take what he can get since the company keepd issuing more shares and diluting shareholders.

Yeah.. here's hoping the company comes with that update on the wonderful things, as of yet hidden from view, that Paul Getty has done for the company because so far, it's living up to my expectations... but then I had the bar set pretty low... lol.