C2W Music reports losses

C2W Music has released information showing it racked up losses of more than US$166,000 as it continues to spend without earning.

Earnings for the quarter were zero, with the company indicating that in its business such a situation pervades as it awaits the collection of royalties on copyrights. 

The lack of earnings has also affected C2W's cash position, with it reporting just over US$1,600 left to conduct its operation. 

 


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