Listen. This company is proven #$%$ going nowhere fast.
At this point, I think the new bagholder doesn't know how to read and has not yet seen the thousands and thousands of shares insiders are dumping unto him.
My advice: join the insiders fray and while it lasts dump your shares to the unsuspected along Slimyan. Slimyan and cohorts have milked this cow for years and we should do the same.
How do you know what the buyer is or isn't aware of? Maybe the buyer is in possession of better information than either of us has.
As they say, there is always a greater fool!
It appears an unsuspected buyer has not done the homework lol.
We should unload while the buyer thinks he is accumulating a deeply undervalued #$%$!!
Now that they lost on appeal and might convert into common they should start buying up the float, get a seat at the board and kick Smuylan out. Sell some assets, raise cash, streamline operations, hire head of content creation, diversify into other media (tv, cable) push more streaming biz, cut deals and unlock freaking value. Smyluan runs the business as if we are in 1970 and with nextradio he tries to push back to sustain statu quo. emms needs new, younger blood.
"Can NextRadio app help make radio relevant for a digital audience?"
No doubt responsible for the uptick so far today. And if NextRadio *is* the answer, this stock's gonna double toute suite.
Sentiment: Strong Buy
haha... let's see if slimyan has run out of tricks. It is due for a bounce. This is a cigar butt that may have one more last puff.
yes someone is accumulating, but someone is also selling or de-accumulating? then in about 2 months after it languishes below a dollar they'll get a notice of delisting cause their per share price sucks, etc, etc. then they'll have to come up with another plan to pump up the per share price. All this due to top dog Sir Jeffy and his fiefdom along with a junk board.
For weeks now I see bulkier purchases at the ask and the high end of the ask followed immediately by sales of 100 shares at the low bid, so as to keep prices artificially depressed. But then again, this company is #$%$ so it could just be management scamming everyone selling their stock options at artificially higher prices and screwing everyone else.
Moodys thinks they are doing the right thing with NextRadio and that emms is an innovator. They think broadcasters should gather around NextRadio for scale.
This is a real possibility here.
Given the threat he now faces he may seriously consider taking the company private. It may be better to buy the outstanding stock in the open market than to try to convince the other 84% stockholders with a tender offer.
haha.. resentful anyone? I don't blame you. I wish I had sold when you did. I just read the moodys report. Although they downgraded the debt, it is not so bad. It actually reads a bit on the optimistic side noting the progress the company has made last year. I went through my spreadsheets and the numbers do look good. One way or the other, they did make progress. But now, they also have a competitive threat. Smulyan must have seen it coming... He owns 16% of the stock and controls 61% of the voting power according to moodys. They continue to rate the debt as stable with enough ebitda as cushion.
What Mcaplan and Brian said. Own this stock and you are married to that pig. Maybe they get lucky and they get money from the debacle in western Europe? Or the judge does away with the preferreds?
The lesson here is, if someone shows up claiming they own 2% or 3% of an illiquid company like longtimefollower did, run for the hills. Because, then you will a permanent seller for months.
Smulyan is a large shareholder. If u don't like him, short this POS stock down to levels where his shares are worthless!!!
Could also be a cigar butt. In spite of ceo. Look at sales, ebit, ebitda, gross margins, etc. in the last 4 to 6 quarters.
Smyulan is a savvy business operator. Looking at some of the assets, including the print side in small towns and profitable specialized printing pamphlets you would think the guy has a great eye on what is valuable in radio and print. Some rare items that may even have a bit of a moat and are cash cows.
Not surprisingly, they have good ebitda and even after the recent big boy hit Smyulan has been able to present an attack plan and work the numbers in a way that ebitda will remain little changed. I bet JPM will like that and give the guy another chance. But, then there are the big time f*c ups. Like with commons shareholders. Noone believes he is aligned with them when all mgt does is ring the stock options register. Or the preferreds fiasco. Or the deals that went sour in western Europe. I bet even bankers don't like him as he may not be bringing in enough fee and noone will back the stock or run with it.
Only them pocketing money. They are content with the money they get from operations. And then, when bored, they milk the markets.