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lling shareholders & inability to source a locate Historical Mute Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction( Some conf &skin on shore pekes as secondary market pikes ore currently '$5000/shore. Everything in prospectus reflects o 00-to-one shor
dustry model: Record LabelsCND .New - Distribute thru spotify & Apple Music to Consumers- key question is how does Sootily pin control over supply? Bull/Bear Views • Bull o sootily becomes the Henna of music by becoming a record label owning exclusive content - not the case today and likely cash intensive EF
selling shareholders & inability to source a locate Historical Private Share =rading 2017: $37.50 to $125 1/1/18 to 2/22/18: $90 to =132.50 (excl Tencent transaction) Some confusion on share =rices as secondary market =rices are currently -55000/share. Everything in =rospectus reflects a 40-to-one sh
own New Music =amp; Back Catalog — Distribute thru Spotify & Apple Music =o Consumers — key question is how does Spotify gain control =ver supply? Bull/Bear Views • Bull o Spotify becomes the Netflix of =usic by becoming a record label owning exclusive content — not =he case today and likely cash intensive
g shareholders & inability to source a locate Historical Private Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction) Some confusion on share prices as secondary market prices are currently —55000/share. Everything in prospectus reflects a 40-to-one sh
abels own New Music & Back Catalog — Distribute thru Spotify & Apple Music to Consumers — key question is how does Spotify gain control over supply? Bull/Bear Views * Bull o Spotify becomes the Netflix of music by becoming a record label owning exclusive content — not the case today and likely cash intensive
Entities connected to both Tencent and Bull/Bear Views

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONVivendi
ORGANIZATIONthe Floor Specialist
ORGANIZATIONGlobal Markets
ORGANIZATION
Stockholm
LOCATIONPierce, Fenner & Smith
ORGANIZATION
Global Research
ORGANIZATION
Woody Allen
PERSONTencent Music Entertainment & Tencent
ORGANIZATIONDavid Fiszel
PERSON
BofA Merrill Lynch
ORGANIZATIONJohn Egan
PERSONAllen&Co
PERSONLyft/Uber/Airbnb
ORGANIZATIONMartin Lorentzon
PERSONSpotify & Apple Music
ORGANIZATIONFinancials - Fl
ORGANIZATION