Business
Discovery Equity Research Updates Coverage on WRIT Media Group, Inc.
Discovery Equity Research Updates Coverage on WRIT Media Group, Inc..
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nDiscovery Equity Research Updates Coverage on WRIT Media Group, Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDiscovery Equity Research Updates Coverage on WRIT Media Group, Inc.\nPR Newswire\nLOS ANGELES, Aug. 29, 2017\n\n\n\nLOS ANGELES, Aug. 29, 2017 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) announced today that Discovery Research has updated its coverage on WRIT with a revised 18 month target price of $2.45 per share. \n\nIn the updated report, the analyst writes, \"We are extremely happy with the progress we see at WRIT at this time. In summary, we see the following as positive developments:\n\n\nThe opportunity to license its technology\nThe ability to raise significant capital through a potential ICO if they so choose\nBreaking into revenue for the first time and seeing that revenue increase quarter over quarter showing us that the business is scaling rapidly\nThe creation of a cutting edge, evolved digital mining platform\nMaking Pelecoin officially available to the public for the first time\nAdding a key employee to drive technology strategy and execution\nFor these reasons we believe that WRIT will continue to make advancements in its business and we retain our STRONG BUY rating on WRIT common stock and have increased our price target to $2.45/share.\"\n\nThe full Discovery Research report is available and can be read by following the link below: https://www.otcmarkets.com/financialReportViewer?symbol=WRIT&id=178231\n\nDiscovery Research Disclosure: Discovery Research LLC has been paid for this research report and/or may own WRIT common stock or other security of the Company. Should the Company dilute its shareholders meaningfully, fail to see a validation in its Blockchain technology, fail to sign on with major financial partners to accept the currency, fail to receive required funding in the future, fail to launch CrypFXPro exchange, or fail to increase the number of wallets/users, the Company may struggle, and our price target, which depends on one or more of these events occurring, may not occur. The sponsored awarene...