WRIT setting up for a Insane Bounce
Insane Stocks Newsletter
Hi All, WRIT hit a high of $0.145 Friday morning! This is four straight days that WRIT has seen gains.
What an INCREDIBLE come back from a couple of days ago when it looked as though shorters were trying to take control.
At its high Friday WRIT was up over 300% from our initial announcement on Monday morning! We are very excited that WRIT did so well and congratulate any of our members who made a profit.
WRIT is our BIGGEST ANNOUNCEMENT of the year so far! WRIT took a dip today to a low of 0.0925 but managed to bounce back and close at $0.11! At these levels WRIT could be setting up for a major bounce! The Company has had exciting announcements all week and the Company`s fundamentals look pretty strong.
Let`s do a quick re-cap on all the news:
#1 WRIT projects $35mil revenue based on 12 concert production slate! WRIT intends to produce twelve 3D concerts in 2011, and increase this number by two concerts in each of the following years, for a total of 20 concerts by the fifth year.
The projections assume an average theater capacity of 250 seats. Based upon a 1000 theater release, in the US only, with attendance at 50% of seating capacity and an average ticket price of $25 USD, the financial model assumes theatrical revenue of approximately $1.5 million.
If the Project achieves this performance level, Management projects that the ancillary markets, including TV, DVD, merchandising, and sponsorship will add an additional $2 million in revenue per concert to the Companys revenue stream.
Based on these assumptions, the company projects gross profits (before artist split) in excess of $35 million based upon twelve performances! #2 Andy Morahan has joined the companys management team as chief creative officer.
Morahan has directed various top end videos and artists, including Guns n Roses, Aerosmith, Michael Jackson, Van Halen, Bon Jovi, Elton John, Paul McCartney, Billy Joel, Tears for Fears and George Michael.
These are some of the most famous musicians in this world! #3 WRIT has appointed Mr. John Diaz as President and Director of the Company, and its wholly owned subsidiary Front Row Networks.
Diaz was a former key executive at mp3.com! He has a nearly forty-year career in music and video production and distribution and has produced domestic and international TV for some of the largest music events in history, including specials with Michael Jackson, Bob Dylan, Bruce Springsteen, Sting, The Rolling Stones and many, many others! According to Wikipedia, MP3.com went public on July 21, 1999 and raised over $370 million! At that time, this was the single LARGEST technology IPO to date! Here are the TOP 5 reasons why we like WRIT:
#1 Movies in 3D are raking in millions of dollars. Last year 1 in 3 people in the U.S. and Canada saw a movie in 3-D! #2 Concerts in 3D movies have made big money.
Justin Bieber: Never Say Never topped the Friday box office by an estimated grossing of $12.4mil on its opening day! The movie grossed almost $30mil for the weekend! #3 Concert ticket sales in 2010 declined while the movie industry reached new heights! Last year gross revenues in the concert industry saw a 13% drop compared to 2009! According to trade magazine Pollstar, ticket sales fell 12% to 35.7 million, from 40.5 million.
#4 Even though concert tickets have gone, the money poured in last year was phenomenal. This proves how much people love watching concerts! Offering them as a 3D movie for a cheaper price could create a gigantic market! Live Nation reported 2010 Q1 revenues of $723 million!! #5 Hollywood hit a record in 2010 with the help of 3D movies. A Hollywood Industry group has said that the global box office hit a record $31.8 billion in 2010, growing 8% from the year before on the strength of 3D ticket sales and a hot Asia-Pacific market.
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