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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: art slott who wrote (4640)9/1/1999 9:34:00 PM
From: art slott   of 4748
 
conclusion
by: stckman1_1999 (28/M/Michigan) 25388 of 25398
Financial
Subsequent to the end of Q199, the company received $9.0MM in incremental equity investments from Liberty Media and will end 99Q2 with $17.0MM in cash. Against a cash burn of between $3 to $3.5MM per quarter, this should be sufficient for the next 12 months of operations including the start-up of the new Convergence POP and the launch of the first regional sports Individualized TV Network.

We believe that in 2000, major revenue flows will develop from Convergence, Regional Sports Networks, National Event Pay-per-View and advertising participation along with continued growth of educational revenues for eSchool Online. These revenues will provide funds to reduce cash needs. Warrants for additional equity commitments from Liberty Media and possible investments from others should satisfy capital needs for additional Regional Sports Network and for Convergence spending.

Conclusion
In the last year, ACTV has progressed from an unrecognized niche media company to a major developer of content enhancement technology for the digital TV era. The minimal investment that is required to implement the technology and the simplicity with which it can be melded into the viewer?s habits may have caused it to be overlooked then but is a reason for its visibility now. With revenue opportunities expanding beyond Individualized TV, the intrinsic value of the company?s intellectual property is increasing. We continue to have a 12-month price target of $25 per share and a strong Speculative Buy rating.

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Posted: 9/1/1999 8:09 pm EDT as a reply to: Msg 25387 by stckman1_1999
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