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Radio One Inc. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Aug 18, 2010 12:51 PM Flag



    long 157k

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    • pjv,

      I one-hundred percent respect your investing methods in general, and believe that you will do well on roiak from here.

      But you have to be somewhat concerened by what seems like the foolish actions of management. By attempting to purchase an additional 19% of TVone, they've ended in breach of a bunch of covenants, including one where ROIAK just warned that their accountant may issue a going concern note in the K to be filed in a few weeks.

      They may be able to settle everything with the banks, in fact thats the probable situation. But just remember what happened to RGCI when their lender raped them on interest rates and additional financnig expenses when they breached some covenants.

      I know this is where we make the big money, but I cant say I'm confident in ROIAK, or their managemtent.

      Anyway, I've been tempted, but just cant hit that buy.


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