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Sunday, October 17, 2021

Writ Media Group Inc (OTCMKTS: WRIT) In George We Trust

Writ Media Group Inc (OTCMKTS: WRIT) is making an exciting run up the charts in recent weeks on fast accelerating volume as legions of new shareholders jump on board. The stock was trading for less than a penny a month ago but has been on fire since recently topping double digit pennies and trading $3.7 million in dollar volume on Friday alone. The stock is quickly getting noticed by investors who are heavily accumulating at current levels. Currently trading at a $10 million market valuation WRIT is “stop no information” on Otcmarkets for now but has just 65 million shares outstanding and 22 million total unrestircted.

Its easy to see why investors are buying up WRIT heavily at current levels as RM whizz George Sharp of TSNP and FORW fame has recently filed for custodianship. While not putting out any press or filings in recent years WRIT filed a 15-12G in January. The Company got into the crypto revolution long before everyone else with the 2016 acquisition of Pandora Venture Capital Corp. Pandora has developed business solutions for digital currency, blockchain technology, and digital currency trading. The assets include Pelecoin, a digital currency is a product which utilizes unique “value event” emission protocol and can be utilized with trade exchanges, loyalty rewards and a payment support platform, CrypFXPro, an online platform which allows investors to trade digital currencies similar to a stock exchange, and Pelecoin’s enterprise blockchain platform that enables institutions to design, deploy, and operate financial networks that can power assets in various markets.

Writ Media Group Inc (OTCMKTS: WRIT) operating out of Beverly Hills, California WRIT has a website here https://pelecoininfo.com/ Pelecoin is a cryptocurrency which is emitted based upon mining an optimized set of other cryptocurrencies. Pelecoin mining generates PLCN based upon a proprietary algorithm which takes into account the price, volume, and volatility of Ethereum, Ethereum Classic, Zcash and Monero for now. Pelecoin provides an easy-to-use, downloadable software that allows for PLCN mining. Depending on each user’s video card (GPU is required), the Pelecoin system allows for optimal mining, providing users with monthly recurring revenue.

Users can withdraw and send Pelecoin via Ethereum to USD-based VISA debit cards witch may be used in over 180 countries. Users can Safely withdraw and send Pelecoin to any external wallet for Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZEC) and Monero (XMR) using the Company’s automated Pelecoin withdrawal form! Pelecoin’s crypto currency basket is created from the top 25 crypto-currencies (with high liquidity on the leading exchanges) and is optimized for the profitability of the mining. Pelecoin Mining Requirements include an operating system of Windows 7 or more, 4GB memory, 4gb hardisk free space.

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WRIT

WRIT was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats. In February 2011, Front Row Networks FRN completed a reverse acquisition transaction through a share exchange with WRIT, whereby WRIT acquired 100% of the issued and outstanding capital stock of FRN in exchange for 100,000 shares of the Common Stock of WRIT. As a result of the reverse acquisition, FRN became WRIT’s wholly-owned subsidiary and the former FRN’s shareholders became controlling stockholders of WRIT. The share exchange transaction with WRIT was treated as a reverse acquisition, with FRN as the accounting acquirer and WRIT as the acquired party. Front Row Networks was a content creation company which was launched to produce, acquire, license, and distribute music-related content in 3D and ultra-high definition (4K) for initial worldwide digital broadcast into digitally-enabled movie theaters. Through the distribution of music-related “alternative content,” the Company intends to present live concerts, music documentaries, and other music-related content at affordable prices, to a massive fan base worldwide in a cost-effective manner.

On June 20, 2016, the Company issued 14,000,000 common shares to acquire 100% ownership interest in Pandora Venture Capital Corp. The transaction was accounted for as an asset acquisition. Pandora has developed business solutions for digital currency, blockchain technology, and digital currency trading. The assets include Pelecoin, a digital currency is a product which utilizes unique “value event” emission protocol and can be utilized with trade exchanges, loyalty rewards and a payment support platform, CrypFXPro, an online platform which allows investors to trade digital currencies similar to a stock exchange, and Pelecoin’s enterprise blockchain platform that enables institutions to design, deploy, and operate financial networks that can power assets in various markets. The 14,000,000 shares were valued using the $0.34 per share closing price on the acquisition date for total purchase price consideration of $4,760,000.

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Writ Media Group Inc (OTCMKTS: WRIT) is making an exciting run up the charts in recent weeks on fast accelerating volume as legions of new shareholders jump on board. The stock was trading for less than a penny a month ago but has been on fire since recently topping double digit pennies and trading $3.7 million in dollar volume on Friday alone. The stock is quickly getting noticed by investors who are heavily accumulating at current levels. Currently trading at a $10 million market valuation WRIT is “stop no information” on Otcmarkets for now but has just 65 million shares outstanding and 22 million total unrestircted. Its easy to see why investors are buying up WRIT heavily at current levels as RM whizz George Sharp of TSNP and FORW fame has recently filed for custodianship. While not putting out any press or filings in recent years WRIT filed a 15-12G in January. The Company got into the crypto revolution long before everyone else with the 2016 acquisition of Pandora Venture Capital Corp. Pandora has developed business solutions for digital currency, blockchain technology, and digital currency trading. The assets include Pelecoin, a digital currency is a product which utilizes unique “value event” emission protocol and can be utilized with trade exchanges, loyalty rewards and a payment support platform, CrypFXPro, an online platform which allows investors to trade digital currencies similar to a stock exchange, and Pelecoin’s enterprise blockchain platform that enables institutions to design, deploy, and operate financial networks that can power assets in various markets. We will be updating on WRIT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WRIT.

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Disclosure: we hold no position in WRIT either long or short and we have not been compensated for this article

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