As a standalone investment the idea has legs. They've got a nice little moat and they are growing. I'm just getting up to speed on their overall market, but I really like how they have a captive audience and they have the necessary licenses to operate the advertising business. You must be ecstatic about discovering the warrants at .13 with the quick runup. I didn't see the messages about TMI until it was well above $1. Are the most current financials only from 3/31/09? I'm still in the middle of digesting the proxy. I jumped in w/ very little dd just from the pure standpoint that the warrants are not trading at intrinsic value. Could burn me in the end, but trying to parse through all this info soon. Started a 2% position in this so far, may increase as I finish reading the info. I tend to be concentrated, so 2% is actually a small position. If I really like something I go in at 10-15%. For warrants, given the leverage, maybe 2% will be enough.
