Replies to post #12928 on Writ Media Group Inc. (WRIT)

[LIKEGOLD]

Reasons for the restructuring are as follows: (a) Price per share -- the rollback will increase the price per share to above $0.01, sub-penny markets are getting harder to trade and next to impossible to finance; (b) Funding -- with a sub penny share price the Company was unable to fund because of dilution, post rollback the share price should be well above $0.01 and allow management to close on numerous funding opportunities that have been presented; (c) Price appreciation -- with a tighter stock structure and a public float of only a few million shares, the price per share will have a much better opportunity to appreciate as the Company progresses and the potential return on investment will be greater over the long term under the new structure; (d) Larger potential audience -- with a higher share price the Company will have access to investors who do not trade sub penny stocks such as institutions and Europeans; (e) Listing in Europe -- the Company will now be able to list its common shares for trading on a European Stock Exchange, as Co-listings in Europe are not accepted with a sub penny share price; (f) Credibility -- the Company was losing opportunities because of the stigma that is attached to a sub penny share price and could not attract key personnel; and (g) Acquisitions -- the Company will be able to use common shares to acquire larger assets and other industry related companies.