Galloway Capital Partners Reveals 3.15% Ownership in PodcastOne, Inc.
Galloway Capital Partners' Stake: Galloway Capital Partners announced a 3.15% stake in PodcastOne, Inc., highlighting that the company's shares are undervalued compared to its revenues and intrinsic value.
Call for Strategic Action: Bruce Galloway urged PodcastOne's Board and management to engage an investment bank or strategic advisor to explore options for maximizing shareholder value, including potential sale or merger.
Market Context: Galloway pointed out that similar companies in the sector have been acquired at valuations up to 10 times their revenues, indicating significant potential value for PodcastOne.
Investment Strategy: Galloway Capital Partners focuses on investing in undervalued publicly traded companies, aiming to identify opportunities that can unlock shareholder value.
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