Liberated Syndication Inc. (fka LSYN)

[eastwindwards]

Your thought process makes sense on paper. But, once you have a view on assets and cash flows, you also have to account for a view as to how that gets passed through to investors. Even Apple's giant cash horde gets discounted in the company's market cap because of risk that management does stupid stuff with it.

In this case, we have a senior management team and board made of people who have previously shafted investors and have little by way of reputations to uphold. Also, it's an OTC stock, which automatically means a risk discount.

This conversation is not about the spreadsheet valuation of LBBS. This conversation is about how much of that value shareholders can realistically access. I have seen no steps by this team to give us confidence that they aren't up to the same old tricks.

Sorry for the bad math on the first post by the way.