Satellite Newspapers Corp. (fka SNWP)

[toddeholden]

i read that as referring to the RS they just completed, but it makes more sense that they would perform another RS and then issue new shares as controlling interest. but those shares would be tied up for 2 years.

i also understood from the last 10k that the only class of stock left is common; that the preferred shares were all converted. if i understood correctly then a RS wouldnt necessarily be a bad thing considering we are getting assets and positive cash flow into the company. based on asset and cash flow valuation models and the above assumptions, this looks to be a .18-.25 stock selling for about .05 (post split price at 1:50).

please feel free to challenge any of my assumptions