dylan - on the pro side, it appears the company has a real network and real programs. They have been getting some very good guest talent on their live shows (Sandra Bernhard, Honey Labrador, Margaret Cho, Steve Kmetko, Ant, etc,) and they seem to be developing or using other original programming. The employees appear to be very professional and enthusiastic about the company. The compnay has slowly been getting carriage, primarily with RCN and local areas with COX, Time Warner, and Brighthouse. The company spares no expense to get their name out in the public, appearing/sponsoring numerous pride festivals, gay/lesbian film festivals, etc.. They also apparently have some agreements with other companies to use their live programmng (i.e., Outtv from Canada is using Jack E. Jett's Queer Edge and Planet Out is apparently using the world news feed. The company will be carrying the 2006 Gay Games, which should give it even greater exposure and additional revenue. Without question, there is a lot of promise here.
On the downside, the CEO has a credibility problem. He has a bad habit of saying things will happen and while some things do take place, other things never materialize. One of the main problems the company and shareholders face is an enormous float. At one point, there appeared to be 9.5 billion in the float and the CEO was representing the company was buying back shares, presumably to reduce the float. We later found out that he was diluting the heck out of the company and now, there are anywhere from 21-44 billion shares in the float. That is an incredibly large float and with so many shares, it will be difficult for the price to move up, despite the all of the good news surrounding the company.
If you look at the company web site and check out the press releases, you will see that 99% of the news is positive. You then have to ask yourself with all this good news, why is the pps in the .0004 - .0005 range. IMHO, the answer lies primarily with the float.
The pps is low enough to take a gamble on but just beware of all the circumstances and all the players involved. Z
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