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avdave

11/15/07 2:56 PM

#17271 RE: JJ123abc #17269

You bet. The call signs have been swapped, but here are the links that give info on the station purchases in Corinth and Daleville by Beebe. (Near the bottom of the page on each link)

http://www.rbr.com/epaper/issue19-04.html
http://www.rbr.com/epaper/issue153-04.html

I don't know if he also got $700K cash in addition to the note payable (what a surprise, unanswered financial questions related to this company), but I actually would doubt it.

You see, just as the common shareholders were suffering a 95% drop in share price, Mr. Beebe's shares were losing value as well. Only difference with Mr. Beebe is he was able to institute a "stop-loss" in a sense by being able to convert his shares to a note payable, eliminating the 95%+ loss that everyone else is enjoying and turning it in to just a ~50% "loss" - (yet still more than a 3X gain vs. what he paid for them)

Very convenient being able to find a business partner willing to engage in those kind of deals, don't you think?

Regards.