news. company is in it for the long haul, but who will own it ? changes to bylaws recently.
there's a lot going on here. This is is complicated business. Very complicated. Management
is going to need over $1.78 for stock options in buyout. I doubt they get it, the stock is moving to
its true value now, because absent big profits (what's with the over $3m per QUARTER in general administrative ?) I don't see it fetching more than, ballpark, $50m ? And that's being generous, is it not ?
One 5-minute look over the 10Q tells me this doesn't belong stand-alone public stock. Should be
subsidiary of some larger entertainment corporation. Or, the new toy of some talented
showpeople ? I don't know. There is no support on the chart. If there is no buyer, Sellers takes it
all for 50 cents the way things are going, right ? But the midtown Manhattan lease could be a
game-changer, with the right exhibitions. 10 years 10 months option for another 10 years.