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To: JOE TURMAINE who wrote (642)3/15/1998 4:00:00 PM
From: Matthew J. Landi  Read Replies (2) | Respond to of 2595
 
Guys, I had talked about this last week (#626/#627), but so you know our opnion on all this, here it is again. -

To: Matthew J. Landi (623 ) Thursday, Mar 12 1998 10:29AM EST
From: TLWatson59



Mr. Landi: A question or two concerning the "unaudited" financial release.

Q) I have seen a number of claims by other companies for this type of asset valuation rejected by the NASDAQ as not qualifying under their acceptable accounting principles. Do you have or have your accountants a verified acceptance from the NASDAQ that this asset claim is valid?

A) I have no opinion from the accountants about the television time entry; if there is a NASDAQ (or GAAP) objection, it will be resolved at that time. The $5 million number shown is our cost.

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So there it is, we will just have to wait and see.