Again, the news is coming. Again, what he had in terms of what you said as value had no possibility of working in BK's hands.That also, holds true for Launch TV. Holding companies are not operating companies, they buy revenue streams. Now that he sold it to a company who can do something with it he is freeing up his focus and now focusing all of his attention on Launch TV.
The good new here for all who bought at these levels your investment is soon to turn into a treasure. Sit back and be patient, as none of this is going to happen over night.