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

To: Robert Cohen who wrote (1509)	1/19/1998 12:01:00 PM
From: Ali Khaman	Read Replies (2) \| Respond to of 4748

Mr. Cohen - I would agree that 13% is a good deal for a startup desperate for cash, but I would hardly call grabbing 17.5% of the revenues a good deal if he so elects that route. This company makes high interest deals because it is desperate for cash yet chokes itself by allowing a 17.5% lop off the top of the sorely needed revenues? These are EXCELLENT deals for the new investors, but poor for the previous investors who get the shaft and can only RIDE THE COATTAILS of the stock should there be any revenues left after the top skimming and dillution is done. Don't get me wrong, I am still high on the stock because I feel the idea is excellent and the implementation is close at hand, but my goodness these deals show either the desperation of the companies finances or the misuse of power by company officals who share board seats across commonly interested playing companies. It is just MHO, this financing deal may be indeed needed and certain conditions must be applied to ACTV and ACTV stockholders that may work out positive in the end when all is said and done, but in the present terms I think you are sugar-coating the financing deal. I am a stock holder and am not responding to men mailman, so you can indeed respond to my post.

To: Robert Cohen who wrote (1509)	1/19/1998 4:27:00 PM
From: men mailman	Respond to of 4748

RC You don't have to comment to my posts if you don't feel like, however why do you respond to parts and conveniently ignore the parts you have no answer to,especialy the ones who prove how desperate ACTV is? The last 2 posts have addressed 2 of my concerns namely the syphoning off the TOP of 17.5% of any potential of the future revenues, thereby CHOKING the company to its demise, and the conflict of interest of LIBRA & ACTV. DOES THAT MEAN THAT YOU WILL NEVER POST AGAIN ON THESE BOARDS. ACTV is a cesspool with a layer of green grass on top with a CESSPOOL on the bottom. In ONE YEAR the company did 1) preffered offering (with deadly dilution to shareholders and then burned the cash 2) a 3 mill. debt offering for 3) 5 mil. debt offering. Where do we go from here. You chose to ignore in your post, the option of the debtholders to clip 17.5% of future revenues. RC writes : >>>Also the Texas region is not public so there are no shares.<<<<< Business wire writes >>>>and include warrants to acquire either common stock of the Texas regional network or of ACTV, Inc.'s common stock.>>>>> CONTRADICTION hmmm hmmm In any event RC fails to tell the WHOLE picture of the offering nor does he address the URL to find it. You have to be naive and STUPID to believe that LIBRA sank $5 mil. to receive just 1.1 mil. shares period. Past behavior proves otherwise, and anyway no prudent underwriter would risk venture capital into such a high risk position for the return of ONLY 1.1 mil shares. We can debate if 13% interest is in actv's interest if this was the only issue, however if you have an overleveraged, choking company, with dilution and debt offerings every few months the 13% interest will only be an additional BRICK to break the CAMELS back. RC writes <<<<Lebra just so everyone know's Jess Ravitch the owner of Libra personally has botton 2.8 million of the preferred back to show his committment<<<< Why havent they bought some common shares, only preffered hmm!! hmm!!!. The prefferefd have less risk since the lower the share price of the common the more amount of shares they can convert to, and in any event have a maximum $1 1/8 conversion cap to common. Talking about hyping, stonewalling, conveniently ommitting all in one post, that is exactly what I read.