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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (3696)	5/31/1998 10:33:00 AM
From: dwight vickers	Read Replies (1) \| Respond to of 25711

Hey guys. Check out the NTN boards at SI and Yahoo before buying because Guitarzan is saying what a great company it is. Their ad revenue fell 50% in 1997, and they lost their two major ad customers on Jan. 1, 1998. The new contracts BIMS "brought in" are ones that had been in work before they were hired at $25,000/mo. One is a "proof of concept" contract that is guaranteed to lose money because of high costs of graphics, etc. Both contracts are for advertising concepts that NTN had tried previously and discarded as unworkable. The company is now desperate enough to try anything. They've gotten no money yet for IWN and Learnstar. Let's not jump the gun. They're such valuable assets (lost millions since inception) that NTN stopped funding them on 3-31 and said they would just shut them down if these last ditch sales attempts fell through. Even if they do get a couple million more, it's a drop in the bucket when compared to the cash they're burning through. And no way to get any more financing after they did the discounted convertible preferred REG.S/D last fall. Lets not even discuss the sales and revenue slowdowns as management mis-steps and hardware/software problems start to bite. Finally, I know how he likes to present himself, but I have him pegged as one of the stock promoter/hypers that live on these boards. I've seen many of them and his "sound bite" posts, and hyping of dog stocks fit the bill. Tell people about the DD you do, then tell them that NTN is an "internet gambling" company when that division is dead. I guess when you get paid in shares to hype these things it's best to be anonymous and say whatever you think you can get away with. Caveat Emptor. Dwight