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Microcap & Penny Stocks : IATV - ACTV Interactive Television -- Ignore unavailable to you. Want to Upgrade?

To: SCOTT HEIMAN who wrote (1502)	1/18/1998 12:02:00 PM
From: Robert Cohen	Read Replies (3) \| Respond to of 4748

Let me explain the debt deal which is great. We should all ignore mailman and not respond. He owned a little more than 10,000 shares and now owns none. Ignore him. Here is the debt deal. The investor put up 5 million. He has up to 18 months to go 2 ways. A. He can stay with ACTV Entertainment which ACTV the public company owns 100% of and get 17.5% of the cash flow. B. He can convert to common stock in which here is the math 5.5% times let take 20 million fully diluted=1.1 million shares. Now take 1.1 million times a price of 4.5 that equals 4.95. For him over the next 18 months he needs the stock to go to 4.50 to just break even. The dilution if he decides to convert is 1.1 million shares great deal. Remember if first region takes off getting cash will be easy. We also don't pay interest for first 2 years it's included in the calculation above. There are 20 sports regions. ACTV is setting up just like Fox Sports has it with different regional names. Investor only involved first region. The other concern is not announcing carriage agreement. I talked to head of Texas region for TCI and he stated that there was an agreement signed over a week ago between ACTV and TCI not just for Texas but entire TCI area called National. He said TCI hasn't announced it because there just rolling out Digital and will announce the ACTV to subscribers shortly. Don't want to announce what they can't deliver in volume.