Per yesterday's 8K, they’re informing shareholders that the company needs to take immediate action in order to retain their broadcast licenses thru the FCC. However they don’t specify exactly what they are going to do though.
One remedy would be to sell the company and let the buyer dissolve the problematic share type entirely. It is certainly quite the coincidence that the day I start laying out the $SBSAA $OTTV connection publicly, they issue this 8k and accompanying letter to shareholders. That, coupled with the near 100% jump in the last half hour of trading?
Something is most certainly up and it’s very likely to be $OTTV related.
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