Rasica- We are on the same page here. I still think this one runs before the summer is up though. Mgmt knows that the timing is perfect for TFN to hit U.S. airwaves and I suspect that they are working feverishly to get this deal done. The last communication I had with Sandy left the taste in my mouth that the deals were getting complex, but that also means they are getting done. That was four weeks ago. And in two weeks we have UFC 60 taking place with one of the most hyped matches of all time (hughes vs Gracie), so MMA will be in the spotlight towards month end. Timing is crucial.
IMO, this has potential to be valued at between .01 and .04 before 2006 is up, based on our minority interest of CONSERVATIVE revenue projections for TFN (difficult to predict their ancillary revenue streams other than Subscriptions and PPV, as well as their cost structure / margins). However, that is assuming that O/S isn't much higher than we think. Also, a stocks true valuation at these levels isn't always met, and is sometimes blown past. So we shall see. Anybody who says this is a can't miss is just creating hype, as nothing is a sure play down here. But this has enough potential to tie up capital for six months and take a shot. GLTA
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