RE:Oak View Group co-founder and CEO Tim Leiweke: Mark my word...PAT's a target for acquisition by Oak Grouo, who will not only force their arenas & stadiums to adopt it... but Will puts onto other arena and stadium groups they have relations with.
How? $10m down (from their $60m revenue) and $50m 5-year loan. Price $0.40 USD per share ... helps them get on an exchange without tge nightmare of IPO and SPAC paperwork..., or they take it private.
PE buying simply to demonstrate his confidence in PAT success, why not the board?.. all to helping slow the drop, and keep price up for best acquisition price A year or so back MC and several board members bought in at a higher rate ... see insider trades for past 2 years, and when bought... it's all right there with PE's inside trade buys. And those purchases have dropped about 30%. Same playbook all around.