Georgia Bard's Corner Message Board

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To: Ga Bard who wrote ()	5/14/1998 9:16:00 AM
From: Crossy	Read Replies (1) of 9440

VDCT.. Video City, Gary, it seems we all missed out on this one. Rose from 0.06 to 1.50 - all from March to April. Company came out of bankrupty in 1996 under the name Prism Entertainment, PRZE. Well, in a reverse merger Video City (then privately held) acquired PRZE and the ticker was changed to VDCT. SEC Reporting company, assets there but nobody cared to notice. Until this spring when VDCT went on the acquisition trail and - believe it or not - sold the PRZE film library for $$$, paid for more than 20 video stores with cash+stock. Stock dilution minimal, wen from 9.5 to 11.5 million. Debt was raised to 5 million, assets approx $40 million. Not a bad company, no news at all - just SEC releases. I bet they will have to swallow the acquisition and the stock will tank again because of the loss associated with integrating the newly acquired operations. But when it found its base it could be a good opportunity again. Waiting for this one to reduce leverage.. best wishes CROSSY

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