To: +Anthony@Pacific (811 )
From: +art slott Sunday, Jan 3 1999 6:51PM ET
Reply # of 812
Is it spam if its worth knowing?
post.messages.yahoo.com@m2.yahoo.com
pge 123
by: ACTV_Advocate (38/M) 3103 of 3104
Sounds like you have a good friend(s). I have made a few along the way, and so far they have not let me down. If fact everything I have been told has eventually happened, and “eventually” is the key word here. As you know, most of the things we see in the press have been on going for months, and between the companies involved, the attorneys, and timing, the dates can slip, and the deals can change.
Yes, it seems that Bill Samuels controls the Washington Post shares as well, as his own. So he is controlling roughly 15% of the stock. Unless I am mistaken here, Tudor is controlling close to 14% of the stock now. I have a friend at one of the larger investment firms who told me that Tudor is real aggressive, and will rock their world if he thinks things aren't moving in the right direction.
Liberty Media also has the option from the last equity deal. They still can invest another $5 million for some predetermined % of shares. Remember that Liberty has virtually given ACTV one third of the joint venture, so the next $5 million dollar equity investment has that accounted for. In other words it may appear they are getting a great deal, but I don't believe that is the case. I am also confident that Liberty Media will increase their ownership position soon. Plus the MS boy (not Bill) rumor is on going, have you also heard that?
I also have been told that January is the month that will tell the tail. I am optimistic about our short-term future, and will retire at a very early age on our long-term future.
Below is some info I dug up on company ownership. If somebody knows anything about Elliott Associates/Pual Singer, I would appreciate your impute. Perhaps I already should know, but I am drawing a blank at the moment. Of course these don't include GIC, TCI or a few others. Any other comments are welcome.
As of 11/30/98
Top Institutions
TUDOR INVESTMENT CORP
SINGER PAUL
BARCLAYS BANK PLC
BANKERS TRUST
SPEAR LEEDS & KELLOGG
GREENE DAVID J & COMPANY
CIBC OPPENHEIMER CORP
EQUITABLE COMPANIES INC
BEAR STEARNS & CO
As of 11/30/98
Top Insiders
SAMUELS WILLIAM
ELLIOTT ASSOCIATES / Paul Singer
WESTGATE INTERNATIONAL
SQUADRON HOWARD
SCHUSTER STEVEN
CROWLEY BRUCE
REESE DAVID
CLINE CHRISTOPHER
Tudor Investment Corporation 1.4 5.0%
Paul Tudor Jones, II 1.5 5.3%
Tudor BVI Futures, Ltd. 470k 1.7%
Tudor Proprietary Trading, L.L.C. 105k 0.4%
Tudor Previously held 1.3%
The Raptor Global Fund L.P. 225k 0.8%
The Raptor Global Fund Ltd. 714k 2.5%
Pge123…Welcome to the world of Staggerlee (Mr. Bean) he has to be the laziest CPA in the world. He does zero research, and expects answers….
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Posted: Jan 3 1999 2:30PM EST as a reply to: Msg 3100 by pge123
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