He knows more than anyone how the company is doing. This is easy up to $1.45 - get in quick as this stocks moves up fast. Very low float. CEO owns millions of shares of the company. Again - he offered $2.40 and $30 for EMMSP (preferreds.) So, he knows best what to offer for the company.
True. He wanted to buy EMMS because he knows the potential. So, hand on stock holders, after this all passes, you will be back up to $1.50ish. CEO said business is getting better and they plan on selling off a couple of radio stations to save money (that are not big money producers.) Let the weak hands shake out. Then, it will go back up.