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

To: JohnO who wrote (6919)	8/3/1998 10:54:00 PM
From: myturn	Respond to of 25711

NSKY!! NEWS DUE OUT!! NSKY will have numerous PR's over the coming days/weeks concerning future projects. We could see an PR before the week is out. Heavy buying today with antcipated upward movement over the next couple of weeks. Here is a list of Projects that are in the final stages of negotiations: 1.Toronto Film Festival with the release of the moviev "FREAKS TALK ABOUT SEX". A PR will be released once a invitation to the festival is recieved. This, I anticipate to happen any day. 2.As to the status of the next major project, "Face Facts", the Lynne Adams screenplay to which NSKY owns the rights: They are working with a British company, Winchester Entertainment, to secure the financing and things are "going well but not finalized yet." Last Friday's (7/24) Daily Variety had a front-page story on the possible production which resulted from an interview with Winchester, and NSKY was mentioned prominently. Reynolds said the story had some errors but was essentially correct. It referred to the project as "Face Facts" instead of "Face Value", but they are the same entity. Peter Bagdonovich is "very interested in directing" the film but he is not yet a "done deal". Incidentally, the screenplay's author, Lynne Adams, is actress Brooke Adams' sister and Reynolds is talking with Brooke about her having a part in "Face Value". He mentioned a couple of weeks ago that several A-list actors were also interested in a role in the movie. They plan on shooting the film in the fall but Reynolds said the actual start of production depends on getting the financing in place. An announcement will be made when everything is finalized...and it could be soon. 3. As for "The Hell Candidate", things are progressing but Reynolds declined to say any more other than NSKY is in discussions with two major screen writers and are close to an agreement. Due to the delicate nature of current talks, he couldn't say more. As for company revenue, it could be coming in very soon---again depending on the details of the financing. Reynolds says, with the help of Winchester, and as owner of the rights and co-producer, NSKY could get substantial up-front money as well as back-end participation in profits. At it's current levels and so much news happening within days/weeks of each other we could easily see the .10-.15 level in the next 2-4 weeks.