🚀 go-pugleaf

sfdavidkaye2@yahoo.com (David Kaye) wrote in
news:i1h2jm$smt$2@news.eternal-september.org: 

> I was going to do the same with Citadel Broadcasting, the former ABC
> Radio, because it had sunk to 1 cent a share when it was de-listed.  I
> knew that the assets of the company were easily worth about $10 a
> share, even with the heavy debt load.  And those who bought at 1 cent
> saw their fortunes grow at least 5,000% in a few weeks' time.  I
> didn't buy it because I knew they would eventually reorganize and kill
> the stock, which they did.  So, lots of poor suckers were left holding
> worthless Citadel stock.  The problem was in knowing exactly when
> Citadel was going to bite it.  The bankruptcy court wasn't clear on it
> or I would have joined in and bought some cheap stock.  
> 

Citadel Broadcasting own WTMA-AM 1250 Khz, a 5KW day, 1KW night 
conservative gripe radio station in Charleston, SC.  I know some of the 
people who work for them and have, for many months now, told them not to 
wait a day to cash their paychecks.

It's a queer company that can show a horrible loss while raking in millions 
in ad revenues anyone can tell are rolling in because when their local 
talking heads are on the air, there's very little actual programming at all 
in the constant drone of a wide variety of continuous spam that would make 
the old engineers at the FCC who forced them all to provide programming 
many years ago, to turn over in their graves if they could hear what's on 
AM radio in America today.

I don't know how they can hide the profits, but someone is cookin' the 
books at an amazing rate to make Citadel look broke.

-- 
iPhone 4 is to cellular technology what the Titanic is to cruise ships.

Larry