Do I own 2.7% because as a rank speculation? Or do I own 2.7% because I think it is dirt cheap? I assure you, 100%, it is the latter. And I think its story, and the Street's SERIOUSLY MISPERCEIVING it, is worth telling.
The story is clear...to those who are willing to look beyond the negative shareholders' equity on the balance sheet. The story is more sophisticated than that. I just summarized it for you, and handed it to you on a silver platter...but you'd rather be cynical...and stupid.
you may be onto something, the real unknown is the chief and when the next taking private offer may come. I just don't like the terms of the debt associated with the Merlin transaction.I just don't have faith that they'll keep the listing since it's clear the intent is to take it private (although with the sale that may have changed). I'll be back if/when it's on the pink sheets.
It's not going to the pink sheets. You're going to miss your opportunity, which in my opinion is right now. I believe management has integrity, and fully realizes that with the going private transaction long since kaput, it has an obligation and interest in maximizing the public market value of the company, as part of fulfilling its fiduciary duty. I have full confidence in that, in fact. That certainly doesn't preclude mr. Smulyan from coming in with another bid, at some point in the future...but it certainly doesn't mean that management is going to seek to "help" Mr. Smulyan. The NASDAQ listing will be defended in every way possible, is my strongly felt conviction. And we still have plenty of time.