Seriously, that's how Mandel thinks that acquisitions should be done....the guy is way over his head. Also from the get go his recent acquisitions have been money losers. On the CC's his excuse for that is that it takes several quarters before they will be profitable....says it repeatedly. I guess the words "accretive to earnings" are not in his vocabulary.
because mdtv has no money left and its ceo hates its shareholders. The board approved his bloated pay as well. FULL owns the MDTV debt, they get paid first. A Full Rep. is on the board of MDTV.
For many years Nelson has been setting MDTV for this, unbeknownst to its naive shareholders.
The entire MDU industry is mom and pop type operations that need to consolidate. FULL has there own Ygnition. Wave Broadband is another. Internet providers are raising prices ,Charter for one.
Once they all consolidate the MDU business will make money, but the question remains, who will be
its leader? Mandel and Nelson don't possess the ability. Charter is only $2 less now than satellite internet, soon satellite providers will have a cheap enough, fast enough product to compete. But so will cellular in big cities.