I was half the volume in ROIAK, buying hand over fist. And also bought 20K ROIA.
We had STRONG reactions from CMLS, ETM, and EMMS, to their recent earnings reports. ROIAK is arguably the most leveraged of the bunch, and with radio turning UP, I just have to feel, even with the move from 70 cents, to $2.38, the stock has further to go.
Leverage is a dual edged sword. And we have the "right side" of that sword right now. I know I'm taking a big risk here, but if I had to guess, I'm thinking we go to $3-3.25, after the earnings. There is a lot of value that "accretes" to the common stock, from even modest percentage increases in revenues and EBITDA.