Gay.com Not For Sale

OPW -- May 29 -- A little birdie told me...”Also, update regarding PlanetOut, Inc. and Gay.com. Their investment banker, Allen & Co., said that no part of PlanetOut's business is currently for sale. Allen & Co. is a prior investor in the business and has confidence in the current management (and is being paid a fee in the form of warrants to buy 750,000 shares at $1.69 a share). They are confident they can raise the $15 MM cash to continue the business through this year and that the value will be there in the long run. Good luck to them and the Red Sox.  If shares recover to $5, they'll hit a home run.” Take a look at PlanetOut stock now.  Up from a low of 86c on Tuesday May 22nd to $1.39 now. Someone made a killing already. - Mark Brooks