Got the interview--He sounds like a cross between Ricky Ricardo and Danny Devito.
My viewpoint-hold, maybe buy some more.
Major points:Final ratings In for Comcast -last episode a 10 rating. 10% of 25 million households. He called this outstanding.
They are in a good position for National Airing what with the strike, and the ratings. The golf channel would pick them up but he said not many watch the golf channel. They can do better with a Major Network.
Initially fill in for Sat Night time slot according to his agent and then if strike is still on into the spring--would easily be picked up by one of the 4 major networks-and possibly primetime.
NBC is short term--should know in two weeks.
For shareholders:
Number one plan is to buy back shares with revenue, and retire them to the treasury. Get the outstanding share count down to millions.
If revenues do not happen as expected-then possibility of a reverse spit--but not for at least 3 months.
Another strategy he has on the backburner--to merge this company with the subsidiary and begin a totally new company worth much more and only have 10 to 20 million shares, with no more than 100 M issued. "Kind of a reverse split to some degree"-for example he said for every 10 shares of WGLT the shreholder would get 1 share of the new subsidiary --but it would be worth much more.
Why wglt-now the market cap is 500,000 or so he says, with very little revenue, but the revenue potential he says is 20 to 30 million. His bet with national revenue market cap will be 100 times what it is today. And todays market cap is only 1% of true potential value.
Another plan that he says is in the works is to get a line of credit, and eliminate the debt owed which has been diluting the stock share count.
Thats my quick take-I like what I heard.-will buy somemore--and give it time!
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