SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: whitephosphorus who wrote (845)3/27/1999 11:57:00 PM
From: StaggerLee   of 13157
 
In hindsight, another bonehead move by this management team. Add this to the sale of 10% of the company to TCI at $2:

>>The company [Washington Post] said it was free to sell after ACTV on Jan. 2, 1998, failed to make its second and final $125,000 payment toward acquiring an option to buy back as many as 1 million of its shares from Washington Post. The option was $4 a share until March 31, 1998, and $5 a share after that. <<

That $125K would be worth $3.69 million today. The shares sold to TCI for $5 million would have generated $20 million for shareholders today. Nice job, guys. That's $24 million of bad decisions in 6 months. I know hindsight is 20/20 and all that, but still: This shows very clearly what a little bit of financial prudence over the years could have saved shareholders (by preventing or delaying these ill-timed transactions). Thank God none of your cheerleading shareholders notice these things. Here we come $20! I can feel it!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News