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Non-Tech : Valley Media (VMIX) IPO -- Ignore unavailable to you. Want to Upgrade?


To: Wil Faller who wrote (219)6/23/1999 9:39:00 PM
From: Paul Hackett  Read Replies (1) | Respond to of 298
 
Bottom line is that CFO underestimated moving expenses. That's understood, but the press release today about the letter of intent with Amplified.com. combined with Rob-Stevens new estimates are very positive signs for the company. Hopefully the CFO is going to improve, too bad his on-the-job training cost shareholders 30% of their investment. Still, in retrospect for those who didn't bail-out, it is a good opportunity to acquire more shares of a company dominating the Internet music and video distribution sector.

I'll completely forgive him, when VMIX gets back in the 20's in the next few weeks.

The 100% DVD distribution news is absolutely tremendous. DVD's sales over the Internet are going very well. Wait until X-mas season.