[11-19-99 12:02 AM ET] (NKC)IF INSIDER PUT(S) IT TO SHAREHOLDERS?:HANK KAPLAN, CEO, NEWKIDCO, ON [INSIDER] SHAREHOLDER VALUE; AN EFFECTIVE $US 2.00 PUT/RESISTANCE THROUGH 30 APRIL 2001?
"...NewKidCo is also pleased to announce that it has acquired control of the remaining 25% interest in NewKidCo Holdings, LLC (the "LLC"), which conducts the Company's children's video console game business. Pursuant to the arrangements entered into in June 1998, when the Company acquired its initial 75% interest in the LLC, the Company has paid or will pay US$500,000 and issued 641,667 common shares to acquire the remaining 25% interest. As well, under the acquisition arrangements, the Company is obligated to pay the original owners of the LLC 25% of the net profits of the LLC for the three year period ending April 30, 2001, to a maximum of US$6,000,000. In addition, as part of such acquisition, warrants entitling the vendors to acquire 4,000,000 common shares of the Company until June 1, 2003, at prices ranging from US$1.50 to US$4.00 have become exercisable..."[emphasis added] Source: 21 April 1998, 10 June 1998, 15 June 1999 NewKidCo Company Press Releases.
...[very] possibly the reason for no "Street" interest at this time [or for the forseeable future]...in addition to our [confident yet respectful] feeling that neither the Rabins brothers nor Mr. Schneider possess "Street-savvy" critical mass...if this does not change...either will the stock price...again, and with all due respect, given "Street-savvy" CEO/CFOs (NKC)IF would simply be more fully valued...and should have been months ago...in our opinion...
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