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Gold/Mining/Energy : Tri-Vision & The V-Chip
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To: trenzich who wrote (3266)7/5/1998 3:42:00 PM
From: John Carswell  Read Replies (3) of 5743
 
As requested, here are my comments:

1. On the subject of insider trading, will you please tell us how much insider selling occurred in the months of Sept-Dec /97 and Jan-March 98,and April-June 98, and at what prices.

ANS: Since I don't have that information, I cannot be of any help here. I believe Louie Romano or others who have posted may have or have had it.

Also tell us how much attending the CES show cost?

ANS: Estimates are half a million. I cannot officially confirm this however.

Are you saying the company had no funds on their own to go to the show.

ANS: At the time, yes. Their financing didn't close until April 1998.

I'll draw no assumptions of this until you reply (how much time will you need- it has been over 2 months, maybe you will have to start working on Sundays too)

ANS: Apparently I have to work Sundays too.

2. Why is the company buying a building from the insiders?

ANS: The company which owns the building has several investors, not all are insiders. Tri-Vision hasn't had the funds itself to buy the building and as the V-chip revenues unfold and the Company grows, that building will likely become inadequate. By renting, they don't have the need to sell it before buying their own new facility.

3. Why hasn't the Company filed it's year end statement yet? Wasn't it required to be filed by 6/30? When will they file their financial statements? Is the still valued at 10 mil?

ANS: While no expert on such legal issues, I believe there are 120 days for filing year end financials. The audit is virtually completed and the statements will be filed soon. Century Communications is working on the draft annual report now.

I trust this answers your questions (to the best of my ability).
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