IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: art slott who wrote (2762)	9/15/1998 10:21:00 AM
From: Jay Hardy	Read Replies (2) of 4748

art- the new high is meaningless right now. Real-time it's down 4.55% with 164K shares @ 2.5/8. There is usually a wave of buyers right at the open with news like this but they get swamped. I like the stock, dislike breathless hype. With the $5 million equity came more stock. They are authorized to print out 65 million shares of common. They were at 18.4 million, now add another 2 million to that for this money. They've gone through $51 million to date, and what to show for it. I know they have 45 million more shares to print, but who in their right mind wants to see them go through equity deal after equity deal before they get any significant revenues. FOX and Liberty were ALREADY involved with IATV so this $5 million isn't earth shattering whatever. $5 million is never something to snicker at, but it's hardly anything but a token amount. What is it going to cost to finance S.F. $12 million? If they have total faith they'd provide $12 million so IATV's management can spend all there time developing/promoting product and not shopping around for another $7 million or more what is likely to be some off-shore convertible deal.

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