Liberated Syndication Inc. (fka LSYN)

[eastwindwards]

Sorry for the bad math on previous post. Revision below.

Current assets: .20
Cash: .17
Current assets net of current liabilities: .16
Cash net of current liabilities: .13

I'd only rely on the last number and would give it a big discount for risk of management putting paws in the cookie jar. Call it .06-.07.

Trading price of .30 seems a healthy 5X multiple on hard assets. Until these guys prove they are not stealing investor resources and are generating sustained growth, hard to see this stock being worth much more than .30. I won't be surprised to see the stock tank closer to the .10 range as more people wake up and find that there is some value and liquidity in a spin-off run by the same people who fleeced them a couple of years ago. They will probably want to recoup when they can and be rid of these guys.

There may be real value here that is worth much more than .30, but can't see this board and management being smart enough or honest enough to get there.