x min read


Written by
Jarrod Wesson
Published on
May 12, 2017
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook

ALL FOR ONE MEDIA COM USD0.01 (OTCMKTS:AFOM), the entertainment company, recently released some new information about a new project that, we believe, was not correctly digested by the market as the press release was wrongly written. Apart from this rare opportunity, the company is embarking on new initiatives and targets a market worth at least $260 billion in direct sales. Hence, we believe that the readers would appreciate a piece that assesses the company. First up, have a look at the chart of All for one Media Corp.SourceBusinessThe business entity is quite old. It was founded in 2004 in Utah. According to this document that the team found, the company is focused on "creating, launching and marketing original pop music groups, commonly referred to as “Boy Bands” and “Girl Groups”. AFOM has a long history of acquisitions, mergers, and asset exchange agreements. The most remarkable one was executed on October 26, 2015, when the company acquired assets from Crazy For The Boys, LLC, using 5,201,500 shares of the Company’s common stock. Some of the assets were movie screenplay, master recordings, trademarks, and web domain names.From the very beginning, the founders were quite smart, and we appreciate following smart CEOs and Presidents. The acquisition was made through an Asset Exchange. This means that they did not transfer money to pay, rather only assets. Why do we appreciate it? Because the buyers did not have to pay taxes. In this text, we explain the transaction:

“Transfer of Nonmonetary Assets by Promoters or Shareholders” whereby the transfer of nonmonetary assets to a company by its promoters or shareholders in exchange for stock prior to or at the time of the company's initial public offering normally should be recorded at the transferors' historical cost basis determined under US GAAP. The Company recorded the acquired CFTB assets at historical cost basis of the nonmonetary assets transferred which amounted to $0. Consequently, the Company valued the issuance of 5,201,500 shares of common stock in connection with the Asset Exchange at par value and a corresponding decrease in additional paid in capital." Source

Recent developmentsOn April 21, 2017, the company noted that it had initiated the recording of sixteen songs that will be included in the Company's Musical Dramedy "Crazy for the Boys".SourceThe money will be coming from a Savannah Georgia film studio, which will be investing $890,000 in equity into the deal. The key thing here is that the company first said in an initial press release, published here, that the total amount of money would be $89,000. Then in another one, this figure got corrected:

"PR Newswire, we are advised by the company that the second paragraph, first sentence, should read "$890,000" rather than "$89,000" as originally issued inadvertently. " Source

This is a very relevant correction for a company with such a small market value. We let investors decide on this new financial figure. Think that many analysts got the information wrong, and may react once they get to know the real figure.Other non relevant press releases put out by the company noted the people directing the show. For example, on March 22, 2017 the company noted that it had hired Martin Guigui to direct it. Furthermore, on April 5, 2017 the company released that Eden Shabtai will be the choreographer. Additionally, the company seems to be creating a lot of expectation around "Crazy on th Boys", as even Forbes.com published an article about the company highlighting the company's new creation.

"The company’s original film, Crazy for the Boys, is set to begin shooting principal photography this summer. The project reflects a deep knowledge of its audience thanks to a creative team that has cast and choreographed tween stars such as Ariana Grande and Selena Gomez. The plot for the movie is based on universal and urgent coming-of-age themes that range from school anxiety and bullying to the exploration of first love." Forbes.com

ConclusionIn our opinion, there are several things that we appreciate in AFOM. First of all, the recent asset exchange agreement designed by the M&A lawyers working for the firm was quite a smart move. We believe that the company saved money in the transaction, thus shareholders did not pay a large sum in the deal. In addition, the new project seems promising, even Forbes noted it in an article. Hence, this product will be seen as a catalyst by savvy individuals, who may be buying before the company announces the revenues obtained from it. To sum up, stay alert as the share price could commence an upward trend as more professionals become aware of the opportunity. We will be updating our subscribers as soon as we know more. For the latest updates on AFOM, sign up below!Disclosure: We have no position in AFOM and have not been compensated for this article.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.