YANGAROO Inc V.YOO

I don't like lack of insider ownership

[PlanetURF]

So management sounds really positive, they rake in large salaries, but they are not buying. If they really think 10% market share is realistic, the shares are absurdly cheap. Why are they not buying? They don't seem to care.

Instead what has happened is that relative market share in audio has decreased. Canadian advertising revenue has decreased, they promised 15% growth 10 months in 2019 that did not show up. They disabled investor relations mail. They no longer have a presentation with their annual report. And they seem to be up against larger competitors that they are falling behind. Destiny has grown their audio revenue nicely while YOO's revenue has shrunk.

And Destiny is moving into Canada now, where Yangaroo is dominant (see news release earlier this year), and suddenly management starts talking about innovative audio deals in Canada (where they should have near 100% market share already?

And now they start talking about making acquisitions, even though management owns barely any shares. This is usually a bad sign. They were supposed to have a really nice platform here that could take 10% market share? Why waste cash reserves on acquisitions? If they owned a large piece of the company, I would trust them more, but it just seems like unecessairy risk taking.

But I have been wrong before, selling out some major winners way too soon. So DYOW and all that.

Still keep a small position because it is statistically cheap here.

[PlanetURF]

To add, Q1 2019 was weak, they blamed a weak advertising market. What do you think current advertising market looks like? Political spending is very muted right now after Bloomberg stopped his massive campaing. So who knows what rest of the year looks like. If new management comes in that is more honest, owns more stock, and is less overpaid I might increase my position against around these

[tannin]

U.S. presidentail election year...big big $$ will be spent on adv. Further, you suggest we need "more honest" mgmt, implying present mgmt is less than honest ! Ok, what do you see that I don't ?

[PlanetURF]

You kidding me? They have been promising these new contracts for 3 years now. They were promising 15% growth in advertising, 10 MONTHS in 2019! And revenue shrunk! And Q1 except political advertising is was basically flat. CEO was either completely full of sh!t, or he was paying so little attention that his overpaid @ss should be fired. We should sue his f%cking @ss, I added to this stock because

[HisNoodlinessTheFlyingSpaghettiMonster]

I definitely agree with PlanetURF in many aspects. Giving this another year, if they have a flat year after all the empty promises, probably would be time to move on. One good thing is that if they have a flat year, likely won’t be much of decrease from such low levels, so for me it is worth the roll of the dice. Another recent positive is the appointment of Shep Boone to the board. He owns over

[HisNoodlinessTheFlyingSpaghettiMonster]

Another thought...As Covid-19 poses to significantly reduce our revs in Q2 and or Q3, will the executive team be willing to reduce their salaries by a third? Will Gary Moss cut his from 400k to say a measly 200k? Isn’t this a time for showing leadership in this area? If not, the least he could do is buy a bunch of shares at these depths.