Liberated Syndication Inc. (fka LSYN)

[eastwindwards]

Summary for the week: 24% decline from 50 cents to 37.99 cents.

A lucky few took profits last week but now we're in uncomfortable territory where people who relied on wishful thinking to buy into LSYN are starting to realize that they are holding a lemon. Heavy volume today as some threw in the towel and cut their losses. Feeling bad for those who haven't gotten out yet.

Libsyn is valuable and could be trading at dollars instead of pennies if it were not controlled by this CEO/CFO/Board who have a nasty history of fleecing shareholders. Under the current set-up, 20 cents is a fair price since there is such high risk of getting ripped off. Until this management is gone or the share price falls below 20, I'd say sell any shares and hold off on buying.