Replies to post #9846 on Hollywall Entertainment Inc (HWAL)

[Kool Aid Man]

Again..the music library valuation clearly states it's based ENTIRELY on the info and sales projections provided by Roxanna and HWAL. All anyone has to do is actually read what the appraiser wrote.. not what Roxy promises. She's used this same scam to wreck two other tickers... HWAL makes three. Here's my post... it clearly spells out the con
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140381585

[Inorout]

These “music asset valuations” used by HWAL are totally fraudulent IMO because HWAL does not own exclusive distribution rights for the vast majority of the music, and many other music distributors distribute the same exact songs. Additionally, HWAL only generates about $300,000 in licensing revenues in 2017, and this revenue is a lot less than the $400,000 plus in licensing revenues in 2016.

So it makes zero sense to value HWAL’s music assets at a gross $78,811,503 when the music library is generating less and less revenue, resulting in HWAL posting Net Losses that have increased 43% since last year.

To illustrate the outrageousness of the valuation HWAL places on it’s music library, divide the $78,811,503 by the revenue generated last year from this asset. $78,811,593 divided by $300,000 = 262. HWAL is valuation this asset at 262X revenues! And not only does HWAL management assert this nosebleed valuation, but they do so despite the fact that the HWAL is producing Net Losses 43% larger than last year! This $78 million valuation is a total fraud IMO.