Act Teleconferencing Inc (fka ACTT)

[1manband]

Uh, no. When Salas bought control of the company for $16 million, revenues were just over $50 million. That means Salas paid 1/3 of revenues for the entire company. Today, revenues are around that same number - $50 million. Revenues have been absolutely flat for 6 years. Why would the overall value have increased by 500%?

Quick answer - they wouldn't. The current liquidation preference of the preferred stock is around $90 million and growing by 44% every year. It makes no difference how many common shares are outstanding, since the common stock is absolutely buried by the preferred. That means the common stock is worthless.