Friday, September 01, 2006
Worldspace has been juggling things again to comply with a NASDAQ listing deficiency letter. All the satellite radio companies are continuing to burn money like anything...but Worldspace shares really lead the way. Reuters lists the risk as HIGH - no kidding. When will the bleeding stop? I cannot recommend to anyone that they invest in a company with such few subscribers after so many years on the air. The problem is not the technology - it is the programme package and a lack of a user friendly EPG. There is no commercial business model for "international local radio".