Boat, My knowledge concerning matters of media value are very limited. I would think however that before one purchased something such as a radio or tv station, as in many other businesses as well, one might purchase one of those market reaserch reports for that business in that area so that the growth possibilities would be better understood and future plans more accurate. is there anything to suggest that J beebe ever even considered such a report or simply made up his own? I would bet that any such professional report wouold not present the picture of value that john H beebe has bestowed upon the shareholders of phgi. Investors should not forget the ill advised proposed purchase of TV 25 in Andaluaia Al. and demand that some sort of outside report be provided in oreder to substantiat it's value. Investors should be wary that they not end up with another worthless 'ASSAY'!!!!!!!!! Dog