Jim,
"Liberty expects to invest a minimum $100 million a year over the next several years developing at least 18 new digital channels."
A good portion of that 100 million could be ear marked for ACTV.
My problem at this point with ACTV is lack of self promotion. We are watching the cable industry make great strides at improvement, with good promotion every step of the way. The price of most of our partners stocks have greatly increased over the last year, while our value is steadily declining. We can't even reach book value of $2.70 a share.
I must say that if is our intent to go on a fast track after the Dallas roll out, as stated to me by the powers that be at ACTV, we had better start a program of self promotion right now. In the eyes of Wall Street we hardly exist. We will all live or die by the price of the common stock right along with the major stock holders of the company.
As it is known to all, the preferred deal was the worst of all situations for the small investor, you would hope that the powers that be have learned from their mistakes, will see.
IMHO, we have to bight the bullet and get the word out NOW!!! If we don't we could get lost in the dust of the coming explosion of the cable industry. It could be 2-3 years before we see any results from our efforts.
WE ARE HOLDING ALL THE CARDS, time to push the buttons, TCI and Fox will not, can not, pull the plug at this point.
I hope your listening Dan and Bill.
Frank M Gorenstein |
