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ANTE - Shareholders Had Better Not Count On AirNet Technology As The Phoenix That Rises From The Ashes Of AirMedia Group
AirNet Technology Inc.
When I wrote the epilogue on AirMedia Group (AMCN) in August last year, I reckoned that the company had reached the end of the road, as it was late in its filing of accounts, running out of cash and a share price that was below the minimum required for continued listing. However, the management decided to wipe the slate clean, abandoned the existing land based advertising business and took to the air as in-flight internet service provider.
The question is: What value adds can the company bring to its joint venture with Motorola (MSI), its