I love the concept of Viggle and the strategy. With over 10 million subscribers that is real value as a network in itself. If you just value each subscriber at $50 you get 500 Million valuation. If Sillerman wasnt CEO I would own this very large..he is the only weakness to this story.
I have been right on this stock for the last two years and have made a number of well timed trades. My analysis is accurate. The CEO is slime and the operating expenses are too much for a company with no cash that keeps raising money every quarter as the stock drops. However, the concept is great and the subscriber numbers are very valuable. Therein lies the rub. MasterDbag
Those statistics make Viggle very interesting despite the CEO's incompetent actions. If the company is sold before dilution destroys all shareholders it may go for $4-$5 bucks a share and would be a steal for a larger media company.