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Westwood One, Inc. Message Board

greenwichadvisor 6 posts  |  Last Activity: Jun 23, 2016 10:47 AM Member since: Feb 25, 2008
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  • Reply to

    WLL to issue 730 million shares at 9.5.

    by harveykoff Jun 23, 2016 9:05 AM
    greenwichadvisor greenwichadvisor Jun 23, 2016 10:47 AM Flag

    Do the math idiot. it would be 73 million shares at that price, not 730 million.

  • greenwichadvisor greenwichadvisor Jun 23, 2016 10:44 AM Flag

    Holders of the Bonds are shorting into the market both to reduce the conversion price so they get more stock and to make money on their short positions as they get stock in the conversion to cover the short. Its a no brainer for these guys to short with no risk.

  • Reply to

    83 million shares are the max if all converted

    by nomas333 Jun 23, 2016 9:26 AM
    greenwichadvisor greenwichadvisor Jun 23, 2016 10:42 AM Flag

    Read the Press Release. The maximum number of shares issuable is 114.8 million. All of the bonds will be converted. That is why they call them Manditorily Convertible Bonds. 4% convert each day for the next 25 days at the VWAP price.

  • greenwichadvisor by greenwichadvisor May 27, 2016 10:22 AM Flag

    TWTR and KKBOX have announced a partnership today that will stream live china pop music (CPOP) and interviews, etc. over TWTR/Periscope globally. This can attract massive following in china/asia. It is pretty clear that TWTR is integrating Periscope and will have a global video platform for live events and interviews similar to what Netflix has for recorded shows but with no monthly fee and a tweeting platform which should make it compelling. Look for more live video ventures. This combined with the NFL deal is a change in direction. TWTR a year from now will look much different.

  • Reply to

    Anyone around?

    by jake9810141 Jul 15, 2015 12:52 PM
    greenwichadvisor greenwichadvisor May 19, 2016 9:49 AM Flag

    I still follow MCHX. Kind of a no brainer to buy it at $3.25. The issue is why does it keep revisiting these price levels which are close to its cash per share. With regard to YP, my expectation is that the relationship continues after this year but will slowly decrease over time. I think that is the best way to think of it at this point. That could change and they are in discussions with YP, but based on conversations I have had with Pete C. (CEO) that is the impression I am left with.

    I spoke with Gary Nafus, Chief Revenue Office, yesterday. He has been there about 7 months and I think he is building a focused enterprise sales force that MCHX has never really had. He has completed 80% of his hires but it takes time for the sales force to spool up. There should be some signs in the third quarter but I think fourth quarter will show the real power of the new sales force. They are signing top enterprises like GM recently. It takes some time for the new customers to work with the products and increase spend but the product is very sticky. Very little churn.

    Time will tell. Same old story in that regard. I do think they have the right business model, products and sales focus for the first time in a long time. There is risk, especially considering the history, but at this price I would be a buyer and definitely not a seller.

  • greenwichadvisor by greenwichadvisor May 3, 2016 9:46 AM Flag

    VaVoom! AXTI has turned the corner and blew away the estimates. Beat and raise. Gross Margin up to 28% from 20% last quarter.