Wow!!! GOFH is making it very difficult to remain in their corner.
Much of my own confidence in them
was/ is as a result of my belief in Aaron Cohen as a solid executive.
Ultimately, I'm hearing it came down
to this: The record labels wanted far more money ( to settle Bolt
copywrite litigation)  than GOFH could pay.
Initially, I believe they (record labels) were also going to get
stock, but as the shares continued to plummet,
this became far less acceptable form of payment for them. So the deal
falls apart. Which means, Bolt is going
to have to file bankruptcy, and possibly shut down. GOFH loses a
golden opportunity to add some much needed
revenue to the company's coffers. And, of course, shareholders are
left holding the proverbial bag.

The only good news, if you can call it that, is GOFH now has some cash
(from PIPE finance deal) on hand to continue funding ongoing
operations. But "ongoing operations" is exactly the problem here. They
are burning through cash at highly unsustainable rate. They have
to know this...don't they? To be fair, they are still looking at a
couple of deals that could really prove to be a boon to the company's
growth
prospects. But will the execute and get one or both of these
transactions done? Now the concern turns to plain and simple courage.
Do GOFH execs, have the courage to to fix this company?...NOW!

It has taken them too long to close the Bolt deal, too long to
negotiate with record labels, too long to bring in a new CEO and too
long to
choose a direction in which to lead this company.

Verjee, FIRE some people already. In fact, fire most of them. STOP
spending so much cash! And know this, you will have to generously
compensate any company that might still be open to acquisition by you.
You may have to give up 50% or more of GOFH to get a deal
done. But last time I checked, 50% ( or even less) of something, is
far better than 100% control over a company with no value. The
further
dilution will piss off the few folks left holding your stock, but so
what...THEY ARE ALREADY PISSED!!!

As my past post clearly demonstrate, I'm a fan. But I'm no Kool-aid
drinker.