Wednesday 25 May 2011

DM Financial Report

Dear fellow shareholders,

Today I announce the interim financial results of Dancing Mice PLC.

Financial results for the year so far (for ever actually) show an income of 2 cents ($0.02) to the Spotify account. Further breakdown of the financial results reveal the bulk of the income(all of it!) is related to the “Eroded” account.

Detailed breakdown: I think this may mean they have actually taken in ($5.02) from Eroded as they keep the first 5 dollars from each release each year.

We may get a few more cents as Spotify is stopping free users (of which it had very many), therefore paying users result in income from advertisers if people actually play your stuff. I don’t know if the income is due to me playing our tracks a lot which is now stopping as I was a free user?

Regards

Roddy

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