To: myturn who wrote (1360 ) 8/19/1998 11:30:00 AM From: Donster Read Replies (2) | Respond to of 2601
While we are waiting for the news, let's briefly review some facts about NSKY, and for what we anticipate: New sky is a fully reporting movie production company with 200 million shares authorized, approximately 193 million shares issued (according to latest 10-Q report) and 93 million shares in the float (100 million shares restricted). There are three major projects currently in the works for which we are awaiting news releases. CEO Carl Reynolds refuses to issue interim PRs during negotiations, for fear of being accused of hyping--a refreshing position for a BB company head. When the news on any of the three projects does hit, and soon, IMO the stock will react as it has in the past and reach between .10 and .15 on the first news. But with multiple PRs expected, each of the others will certainly have a positive influence as well. The three projects: "Freak Talks About Sex", a comedy starring Steve Zahn, now a hot property in Hollywood. Final editing and scoring on this one is done and negotiations for distribution are nearly complete, if not being completed as we speak. Several major distributors were very interested, but with Reynolds' closed-mouth-during-negotiations policy, we will have to wait for PR to see which one came out on top. We will be very pleased with the results of these talks. "Face Value", Lynn Adams' screenplay to which New Sky owns the rights. Hollywood A-list very interested in participating in this picture, including director Peter Bogdanovich ("The Last Picture Show,", "Paper Moon", etc. Industry publication Daily Variety reported on July 24 that Bogdanovich was in talks to helm the shooting for Winchester Entertainment, who is finalizing the financing deal now with New Sky. It is a comedy about a woman who must make herself seem younger than she really is to get the job that she desperately wants. Actress Brooke Adams (sister of the author) is expected to have a role as well as, according to Variety, Phoebe Cates and Tony Shalhoub. We'll know when the PR comes out and word on this one will be a tremendous boost for share price. "The Hell Candidate", a book by mystery writer Graham Masterton to which NSKY also owns the screen rights. It's a story about a would-be kingmaker, supposedly in league with the devil, pulling the strings for a presidential candidate. Negotiations close to completion with a prestigious screenwriter for this project. Another big plus when the news comes out...and, from what I can determine, the news is right around the corder. As I've said earlier, great DD by many others is all over this thread. There should be no question as to "what" for anyone who is interested. It's only a matter of "when" and that is SOON. Good investing to all. Donster