Q1 2017 - Sales down 15% & losing money - a vicious circleHorrible Q1! Now losing money because company has not found a way to monetize its channels and video library. Dividend is seriously at risk too.
Now trading under $1. Everyone is blowing their brains out at these levels unless they bought in 2009 when the world was falling apart. But even then it is a lousy below market return for 8 years.
Glad I sold out my position over the last few years at a decent profit. I am sure Shan and Lester Asset Management (if they are still invested) will try to come up with some positive spin. May have to flush twice - this a big piece of turd.
Only hope is if Shan comes to his senses and sells this company. Even then he wont get much because it has been run into the ground. Too bad... it is sad.