Very true. WNRC can definitely be a great long-term play, imo. My guess is that they get bought out down the road, maybe in a couple of years.
Right now, it is very hard to accumulate much below .08, so you might not get much if any in the .07s.
A couple of things you should also know:
1. WNRC closed on an acquisition from Baja Broadband at the end of 2010, but this transaction has not be PR'd yet. I think it may happen early next week. This acquisition is expected to generate $2.5M+ in annual revenue.
2. Not a lot has been said about their Mexicanal affiliate yet (KELM-43), but it has been reported here that it has been launched, so maybe another PR regarding this:
The Mexicanal affiliate is also where they plan to introduce some new Small Cap Finance programming, which could eventually become its own channel with a national feed. Financial coverage of small caps is definitely missing from CNBC, Bloomberg, Fox Business, etc.
3. WNRC's Satview subsidiary is estimated to have about 5,000 customers right now, generating annual revenue of approx. $3.5M. If you look back at the PR from 9/27/2010, they were pursuing another cable system of 20,000 customers in AZ:
Drew, wouldn't wait too long...A few of us accumulated big chunks when it was under $.04. And haven't sold at all. There has been a bit of a lull of news which has provided a base at $.08, but Dan (the CEO) is committed to putting out more news since now they have fully acquired a chunk of BajaBroadband.com. The coolest thing is they are buying small town cable providers for ZERO DOLLARS...the 'former' owners are just saying pay is $25,000 per month until its paid off. Consequently, the profit from these is about the same. Why are larger cable companies willing to sell these? Because they don't want to have to deal with small towns.
I will tell you this... in the last 8 years the CEO has not issued 1 new share to anyone, period (with the exception of to acquire NGen Solutions). There will be NO dilution and no wasted money on promoters.
How will it get promoted? They want to buy shares back with profits and retire them, then they own 2 TV stations and 2 radio stations, soon there will be more....these stations can provide free promotion as much or as little as the company wants. Then they are also doing a small cap financial channel.
You can try to accumulate 200 shares a week at $.07-.075, but you'll be competing with 6 others who have bids there (for 200 shares). IMO, just load up at $.08 and sit there until you get whatever you want filled. Better to be in, than out. And I will tell you the NEWS they have is phenomenal. They are already making more in revenue than their current market cap.
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