Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : International Datacasting - Takeover Target? -- Ignore unavailable to you. Want to Upgrade?

To: M. Merriam who wrote (130)	7/8/1998 3:51:00 AM
From: StockTrakker	Read Replies (1) \| Respond to of 209

>> IDA announced today that it has secured $1.25 million in financing from the Bank of Montreal Capital Corporation (BOM) What justifies this investment???? Past performance???? Certainly NOT!!!!!!! >> and an additional $250,000 from Capital Alliance Ventures (CAV) These guys must have the 'in for a penny, in for a pound' mentality ... or else they're just plain foolish >> $.35 per common share. Heck, we can't even get much above THAT price......... >> IDC, which has been established since 1984, is an internationally recognized leader in the satellite broadcasting industry. On who's authority? (Their Own - No Doubt) >> The Corporation has a proven reputation for Take Your Pick - A. Losing Money B. Providing Minus Returns on Investment C. Lack of Sales D. All of the above (& more) >> Mr. K.C. Lim of the BOM, stated that ''Our investment in IDC demonstrates our confidence in their strategy, technology and business plan. What business plan? Have you seen it? I certainly haven't... What strategy? (It must be another secret as we shareholders are never informed) .....We should not assume that anything has changed >> After conducting a thorough due diligence, Translation: Is someone getting graft? >> we concluded that this high-tech firm has everything we look for in a company Boy, do they have LOW Standards! >> proven long-term performance I'll agree with that (POOR) >> products positioned to meet worldwide demand, Companies haven't exactly been knocking down the door with purchases (As share value indicates) >> and a top-notch management team with a solid vision of the future and how to get there.'' Wow, lots of notches (holes) in that statement - Where did they dream up that conclusion??? >> Denzil Doyle, Chairman of the Board for CAV, stated that ''We are pleased to have the opportunity to make this additional investment. IDC has been restructured and has recently achieved a significant turnaround in its performance. Do you see any profits? (They must also be a secret so that shareholders will not be the beneficiaries) >> The Corporation has tremendous future growth potential and we welcome the Bank of Montreal as a new investor and as a partner.'' Are they going to use their investment as a tax write-off? >> IDC President and CEO Ron Clifton stated, ''This investment is timely and significant for us. That is an understatement >> Not only does it provide additional financing for working capital Translation: We (management) can boost our pay and benefits >> it also brings a new strategic partner into the Corporation. The BOM (MOB) brings additional strength to our Board, as well as broad international connections. Translation : If IDA doesn't perform now, the MOB 'WILL" take over >> The additional investment by CAV is a welcome vote of confidence for us. Translation : CAV would have lost their investment without additionnal support to IDA (Just like the previous major shareholder)..... Do you see a pattern emerging??? I'll believe there's hope when the shares make large gains to the upside, not with IDA'S empty promises