I am also quite frustrated with the price action leading up to expected
SPO. The shorts are really piling it on. The best strategy IMO, given
the current market conditions, especially for Net issues, is to pull the
SPO and take PP money to cover short term needs. The shorts will be
forced to cover with release of any/all news that has accumulated and no
new shares to cover. It was not long ago the company would not do the
SPO at less than $25-28 then $18-$20's. In my opinion, to do SPO plays
into hands of shorters and hurts the company by diluting at a discount
and sending a negative message to the street about managements reversal on SPO pricing floor ie credability. If the company wants needs capital I would prefer a PP sufficient to cover the short term need for acquisitions/ studio enhancements etc. Why sell a piece of the company when the stock has been crushed. The speculation makes me wonder if the shorts are counting on the SPO to provide stock to cover. It would be nice to turn the tables on the shorts by delaying or pulling the SPO.
With the planned Nasdaq listing and coming news the short squeeze could get us back to "reasonable valuation." It is apparent that Crut does not have the will or where with all to get SPO done at this time except at what I believe to be fire sale price. With all the potential of this company a few months delay for SPO and a new lead underwriter with more clout makes sense to me. I would rather pay for a big name lead at a higher price than pay less money to underwriter for a SPO at a depressed price. If the company believes in the long term fundamentals of the company and creating value for investors now is the time to demonstrate it by pulling or decreasing the size of SPO.
I am still long . I hope that the desire for coverage and institutional ownership doesn't take precedent over current shareholders interests.
Regards
Norden
------------------------------------
I hadn't seen this before.
MADSearch Site for Planning Meetings and Business TravelAdds HotelView
Internet Video Tours to Newly Launched Site
POMPANO BEACH, Fla., July 14 /PRNewswire/ -- MADSearch (Meeting and
Destination Search), a comprehensive search engine for the meeting
planning industry, is adding hotel video tours produced by HotelView to
its site at madsearch.com under a recently reached agreement
between the two Internet companies.
A wholly owned subsidiary of Visual Data Corporation (Nasdaq: VDAT),
HotelView produces high-quality hotel video tours for the Internet and
as sales tools for lodging establishments. The two- to four-minute video
tours can be accessed from HotelView's member hotel sites, the HotelView
site at hotelview.com , as well as the recently announced
"Travel Channel" on broadcast.com and through a distribution network of
more than 650 travel, leisure and business Web links including
MADSearch.
"MADSearch is a convenient and comprehensive tool for meeting planners,
especially with the added option of seeing hotels in full-motion
narrated video," says David Chestler, general manager of HotelView
Corporation. "HotelView benefits from this partnership by gaining access
to MADSearch's extensive portfolio of quality meeting properties.
Meanwhile, our hotel clients benefit from enhanced exposure, greater
distribution and direct access to meeting professionals -- translating
into little advertising waste as compared to traditional print and
direct mail advertising."
The addition of HotelView to MADSearch's web site allows meeting and
travel planners to have a site inspection from their offices. It saves
time and money and eliminates the need to travel.
MADSearch is a one-stop international web site that assists planners in
selecting a destination from over 4,300 detailed profiles of properties
worldwide and offers the auxiliary services needed for their meeting.
This commission-free service allows access to 90 percent of the
information necessary to plan a successful event.
Meeting planners can use MADSearch to find hotel dates and rates, last-
minute pricing specials, view an online color brochure of the properties
that includes space layout and a sample of catering menus and
information about local and international suppliers such as
transportation and A/V companies.
"MADSearch is easy to maneuver and allows you to literally go from one
part of the world to another in a matter of minutes," said Madeline
Daryadel, president of MADSearch. "HotelView's cutting-edge technology
is a welcome addition to the site and provides another media for meeting
planners to utilize as they design their next successful event."
Visual Data Corporation is a multi-media content producer, marketer and
distributor of advertising products and consumer-based portfolio
libraries for use on the Internet and eventually, Interactive
Television. HotelView Corporation, a subsidiary of Visual Data
Corporation, combines Visual Data's digital media technology and
superior travel-related distribution network to promote and advertise
hotels via sight, sound and motion at a fraction of the cost of
traditional media. The video tour is accessed through the hotel's own
web site using either existing footage or new footage produced in-house
by HotelView that is available for use by the hotel's sales force.
For more information about HotelView, contact HotelView General Manager
David Chestler at 954/917-6655 or toll-free 800/468-8139. For more
information on MADSearch, simply visit the site at
madsearch.com or call 305-690-9880.
This press release contains forward-looking statements, which involve
numerous risks and uncertainties. Actual results, performance or
achievements could differ materially from those anticipated in such
forward-looking statements as a result of certain factors, including
those set forth in the Company's filings with the Securities and
Exchange Commission.
Quote for referenced ticker symbol: VDAT.
SOURCE MADSearch
CO: MADSearch; HotelView; Visual Data Corporation
ST: Florida
IN: LEI MLM
SU: PDT
07/14/99 10:28 EDT prnewswire.com |
