[Q1 UPDATE1][05-17-00 01:14 PM ET] AS NEWKIDCO HEADS INTO ITS $US 10M FUNDING[1.] NKCIF WEIGHTED AVERAGE NUMBER OF SHARES INCREASED OVER 5M FROM 14,927,000 TO 19,998,000 IN THE NINETY DAYS BETWEEN Q4 ENDING 31 DEC 1999 AND Q1 ENDING 31 MARCH 2000...WORKING CAPITAL DECREASED FROM $US 7.28M TO $US 3.05M IN THIS SAME PERIOD...NKCIFs CURRENT RATIO DECREASED FROM 3.75 TO 1.24 ALSO IN DURING THIS SAME NINETY-DAY PERIOD*...AS A FURTHER MATTER OF RECORD NEITHER NKCIFs RABINS, NOR SCHNEIDER NOR KAPLAN HAVE ACKNOWLEDGED RECENT ESECURITIES' COMMUNICATIONS NOR CONFIRMATION OF RABINS' [TELEPHONIC] REPRESENTATIONS OF AN ANTICIPATED NKCIF NASDAQ [RE]LISTING BY Q3/Q4 2000[2.]...
*Source: NewKidCo Company Press Releases; All $US GAAP.
[1.] Ref/ Message 13582707
[2.]----- Original Message -----
From: WallStreetRadio.com Newswires
To: Richard Rabins
Sent: Friday, May 05, 2000 4:17 PM
Subject: Possible stock fraud/collusion? Re: NewKidCo Shareholder thread on Raging Bull
Richard Rabins, CEO
(OTC:NKCIF)(TSE:NKC)
Again, with all due respect, this and the other posts today at Raging Bull could indicate a clear smoking gun ragingbull.com and possible substantive legal issues clouding NewKidCo corroborating my own observations and allegations as cited...nevertheless, NewKidCo appears to be in deep...
Per my last voicemail please forward your E3 press package* and thank you for your candidness today re: your representations of 1) no reverse-split anticipated, 2) nasdaq listing anticipated by q4 2000, and 3) that said "...private placement of Cdn.$2,227,000 principal amount of convertible notes..." has mitigated this: "...Due to its current limited working capital, NewKidCo has been delayed in making certain minimum royalty and other payments owing to certain of its licensors, one of whom has requested the payment default be resolved. NewKidCo is in co-operative discussions with this licensor to address this matter. Such licensors have the right to terminate their licensing agreements as a result of such defaults..." ref/ biz.yahoo.com
Thank you Richard and please confirm.
<----- End Original Message ----- >
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