Liberated Syndication Inc. (fka LSYN)

[eastwindwards]

Don't know about others on management team because it's not clear who they are or what they do, but not a fan of the CEO, CFO, and Board for reasons that include:

CEO and CFO paid themselves $1.5 million in 2015 when the company had $7 million revenue and $3 million net income. So, their pay was equal to 50% of net income

Running Libsyn and its predecessor FAB Universal does not even seem to be a 100% activity for these guys. They also are CEO and CFO of another traded company with ticker FUTU and seem to have additional gigs

They dumped their shares in LBBS predecessor FABU right before the market found out the thing was a sham (reportedly the company made up $100 million in revenues in China that did not exist). They settled a shareholder law suit related to the sham for something the like $2 million

They have a one-man audit shop as the accountant behind the reported numbers. The one-man shop seems to have only them as a client and was also the auditor when the FABU sham was uncovered

They don't seem to be doing anything to grow the business other than coasting on overall industry growth. Q2 YOY revenue and profit growth were slower than Q1