Great post by Jam bop that was deleted last night on the other board, which is now been reposted. Thought I'd put it up here in case it gets axed again for whatever reason....
There seems to be a feeling of a possible R/S around here.
The CEO of this company has said on this very site quite clearly and directly that not only would this stock not R/S again, but that he would personally make sure of that fact.
Can anyone show me a time he said the same before the last R/S?
R/S's work for company's all the time.
Changing direction (or PIVOTING) costs money ...and smart people know when to do it. (ICPA)
This is a different company than it was six months ago because the money that was gained by STOCK (why we are all here) changed the revenue flow.
Now it is not "advertisers" on a "website with a creative angle"...it is commercials on a tv network 24/7
2 TV shows on Clear Channel Outdoor Airport Network (one of the hottest thongs going, look it up)
A deal with Hi Point Studios to film anything they want (look it up)
AND a deal with an international distributor, Spartan Bay .
How is this company different than it was even six months ago? SERIOUSLY ?
Book value means nothing? ( 70X last Q)
Future guarantees of revenue mean nothing? ( 4 years with Clear Channel and 2 24/7 advertisement broadcasts?)
How many people watch digital broadcast cable?
What is the demographic?
What is the demographic of PunchTV?
What is the average cost of a commercial?
Is Clear Channel Outdoor really doing anything?
Companies, when they are SMART, pivot.
If you can shake off the negative influence you will see the $$$