To: JS who wrote (53 ) 2/7/1998 3:02:00 PM From: Riley G Respond to of 6528
Date: Sat, 7 Feb 1998 10:04:05 -0800 PLS. POST!!!! ON THE THREAD Again, I will repeat. TVSI is going through what we call REVERSE MERGER. The history of Travis Industries is just plain HISTORY now. It has nothing to do with the future of Planet Sports. TVSI was just a nutshell before the merger announcement. Planet Sports is saving millions of dollars by doing a reverse merger, in order to be a PUBLIC COMPANY. The authorized outstanding is just authorized shares. THAT IS NOT THE OUTSTANDING SHARE. It currently has 120 million, BUT, from what I heard, which I can not reveal the sources, 40 million is held by Steve Cayou(which is LOCKED UP, and more than 2 other guys has around 40-60 million. This is what I was told. All of these will be LOCKED UP AGAIN, right at the conclusion of the merger. IT IS BEING FINALIZED NOW, BUT IT IS CONSIDERED A DONE DEAL. Again, the history of Travis Ind, is just HISTORY RIGHT NOW. This has nothing to do with Planet Sports anymore. Planet Hollywood never had a history before they became public and even became a corporation of diff.actors in hollywood. So, I doubt if you will find a history for Planet Sports, bec. THIS IS A NEW CORP, put up by Bigtime investors and KNOWN BALL PLAYERS(Professional athletes as stated on the press release). It is way cheaper to go public for a private corp, by doing a REVERSE MERGER, THAN FILING ALL THOSE DOCUMENTS TO THE SEC, waiting and paying tons of money before becoming public. This is like a private company GOING PUBLIC through the BACK DOOR! Next Level, as mentioned again on the press release, IS JUST ONE OF THE COMPANIES, of Planet Sports. Rvenues are expected to exceed $150million for 1998. The rest of the companies will be announced next week and the weeks to come. TVSI is smart by not announcing all that things they have in one shot(press release). TVSI press releases in the coming days and weeks will be very offensive, in terms of HUGE REVENUES for the year 1998. The symbol TVSI will definitely be changed that would reflect Planet Sports. READ THE PRESS RELASE VERY CAREFULLY. THERE ARE A LOT OF THINGS IN THE WORKS FOR TVSI....BIG TIME $$$$$$! next level is just one of them, >there's more to come. watch the press!