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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: TheSlowLane who wrote (3809)1/20/2000 1:39:00 PM
From: jim geis  Read Replies (2) of 4231
 
Conversation with CEO Richard Rabins

I had a conversation with Richard about how they plan to get back to and maintain a NASDAQ listing. My main concerns were not having news to back up Q4 numbers if they were good, dilution through funding, possible lack of revenue throughout the year, the lack of support by Griffiths McBurney in Canada, getting their story out and (not) using a reverse stock split to get the price up.

Last year I had some concerns about management and their ability to pull this thing off. But after this conversation, I feel much better about the situation and it seems like they really have their act together. Richard was very confident about NewKidCo's story and their future.
Here are some highlights of the conversation:
* Q4 numbers will make most shareholders very happy.
*There will be a series of announcements following Q4 numbers
* This year will be a Disney year and there will be revenue throughout the year
*There will be some significant new titles and licenses this year.
* They expect to show extremely strong growth and their profile and story are shaping up good
*Ther are not seriously considering a reverse stock split as a means to get the price up
*They are in dialog with Griffiths McBurney concerning the issue of support. ( That's all he would say)
*They might need to do some funding
*Focus Partners is confident that the stock price will start to reflect what really is happening with the company and part of their compensation is based on it.
* They will focus their attention in the U.S. for investors. There is an incredible amount of investment money out there and he will be spending much more time on the stock price and shareholder value because he realizes it is important.

I forgot to ask about:
*The Mattel situation and the strength of their alliances
*updating their website and newkidgames.com
* E3
*What impact Samulski and Goldberg will have and when we will we see it?

All in all, it was an extremely positive conversation and he said to call him after Q4 numbers were released and he could talk more.
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