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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?


To: jim geis who wrote (4043)5/24/2000 2:38:00 PM
From: Tom Jordan  Read Replies (2) | Respond to of 4231
 
It's a bitch when someone holds you accountable for what you write in a public forum. That's all I'm doing.

First he says this....>>and have worked closely with this Company (Directors, officers, management, SoftQuad IPO Underwriters, Analysts, et al) since Spring 1996 <<

Two posts later he says they wouldn't listen to him, save recent concerns. Which one do you believe? I think the second is likely accurate. That is probably why he mounted this smear campaign against the company. Maybe it's a case of bruised ego, who knows. The only certainty is that the more he posts, the wilder the allegations become. Yes, I am a critic of his conduct on this thread.

The company is unaware of any problems with the distribution. It was handled by NKC's transfer agent, Montreal Trust. For future reference, the company's filings are available electronically at SEDAR, where you will find timely postings of the notice of annual meeting and the proxy forms.
sedar.com
A complaint to your mail service may be more appropriate, but please let me know how it goes with the SEC.

I am holding my position in the stock. The low cash position has added some risk to the investment, but I feel the list of titles is good enough to allow a more favorable financing in the future.


best to you, tj.



To: jim geis who wrote (4043)5/24/2000 4:14:00 PM
From: Tom Jordan  Respond to of 4231
 
here is my comment with respect to >>those who caused this disaster<<.
I thought the terms of the financing were quite favorable. The conversion price was more than reasonable, and if the market pullback (and the fed) could have held on a couple of months, things would be looking rosy for our NKC. The stock continued to drop after the announcement on the 5th because it was now questionable whether the financing would be feasible, given that the stock was now just above the conversion price. The market is generally very swift to punish low cash situations, and that's what happened.

The company still has the credit line with Merrill Lynch , and the US1.5 million credit facility they announced on May 5th. They only have to make it till sales pick up in the fall, so if the stock doesn't recover, they can probably get away with a small financing and minimum dilution. The stock IMHO is oversold at this point.

The cash crunch has undoubtedly come as a result of the last few title acquisitions. So the question is, do you pass up the titles because you don't have the cash, or do you grow the company? I support their actions.

Hopefully the risk pays off, NKC makes it to year end, achieves fantastic sales, and I'll buy pints after the next AGM(which I will be happy to email you notice of). If they go broke,,,,well, at least we have something to discuss. How would you have done it differently, Jim? tj.