Sure, internet radio is coming along and the advent of the iPhone can bring much to the portable media landscape, but the truth is that there will always be people who don’t want to be bothered. There will also always be people who don’t care about spending $155 per year for commercial-free radio. And then you have the outliers – people who don’t want to program their own listening experience, but rather listen to whatever the radio gives them. Anyone who compares free radio to commercial-free satellite radio (and who is telling the truth) will say that free radio is unlistenable once you’ve heard the commercial-free alternative.

As a stockholder, I see my eleven cent stock being worth about $2 in 16 – 20 months. That’s a good enough return for this small-time investor to keep on investing in this company!