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Element9

Inside Radio said:
Regent ends takeover attempt.
Regent blunts a hostile takeover attempt by agreeing to put its architect on Regent's board of directors. Riley Investment Management principal John Ahn joins Regent's board, as does former Lincoln Financial Radio CFO Joseph Hannan. Regent also agrees to drop its pending lawsuits against Riley and SMH Capital, which it had accused of "secretly shopping" the company. Riley had been pushing to add four new directors, but apparently compromised with Regent management. Riley and its clients have been buying up Regent stock since early this year and are now among Regent's largest shareholders.
Click to expand...

It's rather intriguiging to see how the other half lives. Got $2.49? Sounds like the investors sold Regent short or bought the stock down to take advantage of buying it up. Nice ploy. Do you realize everybody who posts on this board could easily become a "part owner" in WJYE, WYRK, WBLK, WBUF and WECK?

-9-
 
In related news I see that one of the major stockholders is squeezing Emmis Broadcasting and trying to get them to sell assets to move the stock price up.
 
See what Clear Channel started with their shenanigans? Now some of the boys are trying to get in when the price is depressed, then start looking for a private equity group to buy the company, and/or start auctioning assets in order to raise the stock price.

I hope stockholders vote down the CC sale on Sept. 25th - if the decision isn't postponed again.
 
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