Replies to post #6752 on Hollywall Entertainment Inc (HWAL)

[Kool Aid Man]

12/31/2012--Roxanna admitted music library had "NO VALUE"

Notes to the Consolidated Financial Statements
December 31, 2012 and 2011 (Restated)

7 Note 1. Organization, Basis of Presentation and Significant Accounting Policies (Continued)

Licensing Rights

Intangible assets, which consisted solely of music license rights, are stated at cost less accumulated amortization. For intangible assets with finite lives, consisting of music license rights,...

During the year ended December 31, 2011, the Company recognized an impairment loss equal to the total purchase price of the music rights of $1,600,000 because management determined that the underlying library had no value to the Company due to its inability to perfect its rights to the library
http://www.otcmarkets.com/financialReportViewer?symbol=MPIX&id=107939

Roxy told investors they were buying stock in a company that had a $40 million asset.. then it fell to $1.6M.. and finally to "NO VALUE"... just like her stock $MPIX. NOW this worthless asset whose "value" has ranged from $900 Million to $0 over the past 21 years is the listed as 99% of HWAL's current financial assets!!!

The only thing Roxy has the ability to "perfect" is printing, hyping and dumping shares.

vii.) On September 8, 2014, The Hollywall Music library was appraised by Entertainment Financial Services, Inc. Entertainment Financial Services is a top recognized music rights royalty auditor and Certified Public Accountant for the music and sports industry. The music library was appraised based on total forecasted net revenue (before tax) of $90,855,182 during the 2014 to 2023 measurement period. The appraisal amount is based on a gross valuation of $78,811,503 net of tax effect of $31,524,600 for a net after tax valuation of $47,286,902.