I'm trying to see how it's justified.  123mil were paid for Punch TV last Q and now we are paying more. Assets and revs are up nicely, but the amount paid for compensation and the 30% dilution is a bitter pill to swallow.

I'm not too worried about the 4bill new, cause they are not spent just yet. As I look at this as a snapshot it's pointed in a bad direction. Airports and new Punch TV affiliates need to be added at a faster rate in my view. I see the share price at .005 after the dust settles, but I see another year before anything changes. This report is a bit of a shock to me. No not the end of the world, but very propped up right now.

I'm an outsider looking in, so Samblis knows best.