"I think the Beasley's need to reinvest some of the money they made off this ipo back into the company and make me some money. "Greetings fools.Their SEC filing says that a big hunk of the money is going to pay off loans the CEO made to the company -- and the rest to paying down debt, so they can borrowmore money.But the 4th quarter is usually radio's best, so we must assume that they had a killer 4th Q booked at the time they went public.They wouldn't dare report a worse than expected quarter out of the box, would they?BTW - I'm also long BBGI. Foolish?
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