In response to your post, I felt that there are a few things that need clarifying:
Investor Relations Phones:
We at Century Communications make every effort to be attentive and responsive to TVL investors. We have dedicated more human resources and time to Tri-Vision than usually dedicated to any of our client companies. The demands on us have been great and often onerous. Some are aware that they have had telephone calls returned on Saturdays and Sundays when we experience a huge volume of incoming calls. We have 2 phone lines directly dedicated to Tri-Vision and one full-time person who handles only Tri-Vision phone lines and, e-mails, faxes and mail outs. And the volume of these are consistently high.
We ahev one individual who maintains the database of 6000 people who are constantly making changes and updates in their information. He is 75% dedicated to Tri-Vision's data management.
In addition, we have three other people who answer more complex questions but who also have other responsibilities in the course of the day to address other client needs.
Without being on the Century end, you may not realize that each day (on the particularly busy days), we recieve up to 150 telephone calls, 50-75 e-mails, 10 faxes and receive requests for sending information to 25 people. On quieter days, there are only 25 calls, 15 e-mails, a few faxes and about 25 information requests.
People who call and can't speak with someone immediately, often aren't leaving telephone call back numbers with their messages.
The shear volume of calls etc. puts a very difficult burden on our resources. Just witness the number of posts on this site which represents only a small fraction of the number of people who contact Investor Relations.
And here I sit on a Saturday making posts responding to accusations that we are not responsive to Investors.
Stock Price at Current Levels:
Everyone regrets the stock price drop and I have stated to many callers that I personally have experienced a significant loss as a result of stock which I purchased at $3.65 and again in the financing at $2.50. I am an investor as are many at Cenbtury. We believe in the Company, its management, its technology, its ability to take the product to market successfully and that it will return value to us as shareholders. That is why we continue to hold stock.
The stock market is a risky investment vehicle as we all know. IR companies are intended to communicate information and not to predict stock prices. We tell investors about the sales market, the technology, the company vision, its management and so forth. The market must interpret these for itself. And sometimes, like now, there are market forces at work that have nothing or little to do with the fundamentals of the Company.
You asked for a positive post about the downward price trend. No one can be positive about a downward price trend unless it means they can buy a product that they want, cheaper. What I can say on a positive note is that the Company has delivered on its promises despite delays all caused by outside organizations and events. It is still working steadfastly towards its goal of delivering its products to consumers and I expect, personally, that it will succeed in its goals.
The downward pricing, we believe, is attributed to the selling of stock bought by an institution in the October 1996 financing set at 90 cents Canadian. There were about 2.5 million bought, about 1.7 million on their books as of 90 days ago and 800,000-900,000 remaining. Everyday, you will see matching sales by a certain brokerage except when a US holiday takes place. The fund manager who bought the financing left the company and the new fund manager is changing his portfolio according to his own goals.
Nothing more, nothing less. That is the stock market. Once these shares dissappear, the market will do what it does.
I trust this addresses your concerns. Forgive the length of the response but I wanted to be clear on these issues. |
