Here is my take, But I am no dart. There may be downside, but I think we hold are own, the only difference is now we know its dilution and the concensus is it is over. People bought into it, though they didnt know it. A good thing for the PPS, but unethical.
At this point IMO the upside will depend on deals, revenue, and the like. What are they doing with that money from dilution? All the shares they sold can go a long way, but they have to be smart, and if they are getting the lawyers and the contracts that we are led to believe, things will play out.
IMHO Tv's stations have High Start-up costs, but marginal costs are minimal, once it is established things should pay for themselves, its not like retail where you need new stores, new products etc. Once they have the equipment which they bought it is cheap to make new show in comparison to making brand new shows on a new station. If this thing takes of, I dont think a buy back is out of the question, they will have minimal expenses, and these guys seem to know quite a bit about business.
We are focusing to much on the LARGE things and the share price, and not focusing on the fundamentals, (margins, expenses) and the things that get easier as companies grow up.
GLTA
-Ryan
All in my own Opinion, Not a Recommendation!!! But let's try to make some money!
