All about building and constructing a new media company.
As far as I know every media company in history goes through a building cycle before growing sponsorship and revenues. from MTV to E to ESPN to Food Network to Hulu to Google to yahoo and so on. PNTV is a new media vod tv network, running videos on the internet only became a profitable about 6months ago, when the bandwidth cost dropped and encoding technology got better. PNTV achievements from attracting resources, obtaining distribution and audience is huge. imho, as i have repeatedly said 2011 is when they turn on the revenue engines both on the tv side with dynamic ad insertion and on the web side with membership subscriptions, micro transactions, virtual currencies. Most companies did not have the patience that PNTV did to wait for the market to develop and burned capital.. PNTV management is GENIUS, waiting for the right timing. it is one of the reasons I love this stock so much there are only 60 million shares and 29 million in the float. Not hundreds of millions.
My guess that is what Tice liked too. The business, the plan, the team, the stock, the industry, the media play, the growth potential. And I love having someone worth more than 1/2 billion with a b as a 10% owner.. anyone foolish enough not to understand PNTV is going up and going to nasdaq is just blind to very transparent information. only a matter of time, imho and will happen in the very foreseeable future