Interesting takes on this new deal:http://www.palmbeachpost.com/business/content/auto/epaper/editions/thursday/business_049581908137b1a41070.html
Thanks for alerting us to this. VERY encouraging IMO.
"It could be the sale of the company, or a change in control, or a complete programming overhaul, or a sale of assets."THIS LINE IN THE ARTICLE IS A SYNOPSIS OF WHAT "THE DEAL" CONTAINS. (AS USUAL) IT IS SO FILLED WITH OBFUSCATION, THE INFORMATION BECOMES MEANINGLESS TO A STOCKHOLDER, OR A POTENTIAL STOCKHOLDER. THIS IS PRECISELY WHY THE EFFECT ON THE STOCK'S PRICE WAS ALMOST NON-EXISTENT, EVEN THOUGH IT WAS ACCOMPANIED YESTERDAY BY RELATIVELY LARGE VOLUME.
Pax has no choice but to let NBC run the show. The company has alot to gain by doing it and by not doing it, they will essentially be in poor finantial health if they have to pay back NBC now.