We already know he has a contract with them. He stated that
We already know he has a contract with them. He stated that several times. That's not news and nobody cares how you got the information. It was already publicly stated.
As for the Float - it's hard to lock that sucker up when VERT is showing up with the sole purpose of diluting with additional authorized shares. We have heard I don't know how many times over the last several years about how the float must be locked up, only to have VERT show up with all these mysterious shares. Mysterious until the Q comes out showing how many Steve added to the pile.
I recall Steve telling me how wrong I was about the decision to forgo affiliates - that it would save so much money so PNCH could start showing a profit. Promises of being able to tailor advertising to national as well as local audiences - and then POOF! No Advertising.
Of course the Spin was that he wanted to provide the viewer with a more positive experience. IMO - the lack of advertising is related directly to the fact that he couldn't find businesses willing to advertise. Revenues from advertising were pretty much the last chance of being able to show a profit. IF Clear Channel gets more airports up and running, there might be revenues, but with only 2 remaining years of the contract left, and with the constant delays in bringing airports online, it will never be what was promised.
Steve has now said he is done growing the company. It's like the old saying, "If you're not moving forward, you're falling behind." Personally - I don't see where there has been any growth over the last 3 years - other than the growth of AS.
And Perchy - I asked you specifically if Steve had said anything to you directly about things in the works. You replied that Steve told you not to say. Now in this post it seems that wasn't true - there is nothing more on the horizon that might keep longs positive.
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