IATV
from the last SEC filing:
<<Since its inception, the Company (including its operating subsidiaries) has not generated revenues sufficient to fund its operations, and has incurred operating losses. Through September 30, 1998, the Company had an accumulated deficit of approximately $60.9 million>>
Seems like a huge deficit for a company without any large customers for its product;
Decreasing sales too:
<<During the nine month period ended September 30, 1998, the Company's revenues decreased 31% to $1,058,560, from $1,534,295 in the nine month period ended September 30, 1997. Nearly all of the Company's revenues in the more recent nine-month period were derived from Internet sales, compared to the comparable 1997 nine-month period, when the majority of revenues were related to television-based education hardware and content. >>
I see the Bridge "buy recommendation" that lacked any substance, but was nice enough to include this disclaimer:
<<<Bridge Technology Group LLC may have performed investment banking, consulting or other services for or may solicit investment banking, consulting or other business from, any company mentioned in this release. Bridge Technology Group LLC or persons associated with Bridge Technology Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof>>> |
