Due Diligence for Investors in Family Room Entertainment, Inc.
In the two articles linked below we are showing the Barchart analysis of the company and a FMYR press release detailing their recent acquisition of London based Qin Media and the plans for developing a new reality TV show called “Slips”. Slips will be a show geared toward the North American market in which car owners race their cars with the winner taking title to the loser’s car.
In our view an investment in FMYR is a gamble. Their balance sheet is weak and they have 2 billion shares authorized and 231 million outstanding. The company has managed to keep their cash burn at a minimum as they develop and market new product. The gamble comes into play with the new Slips show which we believe could be a hit. Racing cars for “pink slips” is a revered piece of historical Americana.
Barchart – Analysis – September 10, 2015
http://www.barchart.com/quotes/stocks/FMYR
FMYR – Press Release – September 3, 2015
http://www.otcmarkets.com/stock/FMYR/news
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