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

To: LANCE B who wrote (10250)	11/30/1998 4:29:00 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 25711

FOR NAVR & NM FANS VVTV 1) VVTV owns 750,000 NM warrants @$2.74 or less strike price. (NM trades in $11-$12 range today) 2) NM owes VVTV $10MM due 1/1999 3) VVTV CEO McCaffery had been CEO of late NM/VVTV holding company Quantum TV from 3/98-6/98 when merger was called off by VVTV shareholders. 4) VVTV owns 15% of NetRadio AND has exclusive merchandisng rights to product categories to be made available via NetRadio. Looking for NR IPO Prospectus to provide further clarification. (Does not include CD or Software). Joint advertising campaign between NR and VVTV to launch soon... 5) VVTV owns @1.3MM shares of PAX TV. 6) PAX TV owes VVTV $10MM. Due upon upgrade of Seattle station PAX purchased from VVTV. Expected payment from PAX is Feb-Mar/1999. 7) VVTV has allocated $26MM to stock re-purchase and has used @$22MM to date at average price/share of $4.50. 8) VVTV appears to have entered into a sponsorship arrangement with PlanetDirect (a CMGI company). There has been no news releases form anyone about this. 9) McCaffery stated that Nov sales are running ahead of Q2 growth. (that means > 34%) and further stated that Q4 is expected to be profitable. 10) Prior management included the founders of the company. (Johander/Jaksich)...the 2 of them own @ 3.6MM shares. 12) Current management has extensive executive level marketing/merchandising experience with MWards/Signature Group; Macy's; FingerHut and HSN/QVC programming. 13) Current shares are 25,465,000. Float is @16MM. Short interest is less than 2,000 . 14) Discussion of a strategic nature are presumed continuing; these discussions preclude additional stock re-purchase by VVTV and by VVTV insiders.1) VVTV owns 750,000 NM warrants @$2.74 or less strike price. (NM trades in $11-$12 range today) 2) NM owes VVTV $10MM due 1/1999 3) VVTV CEO McCaffery had been CEO of late NM/VVTV holding company Quantum TV from 3/98-6/98 when merger was called off by VVTV shareholders. 4) VVTV owns 15% of NetRadio AND has exclusive merchandisng rights to product categories to be made available via NetRadio. Looking for NR IPO Prospectus to provide further clarification. (Does not include CD or Software). Joint advertising campaign between NR and VVTV to launch soon... 5) VVTV owns @1.3MM shares of PAX TV. 6) PAX TV owes VVTV $10MM. Due upon upgrade of Seattle station PAX purchased from VVTV. Expected payment from PAX is Feb-Mar/1999. 7) VVTV has allocated $26MM to stock re-purchase and has used @$22MM to date at average price/share of $4.50. 8) VVTV appears to have entered into a sponsorship arrangement with PlanetDirect (a CMGI company). There has been no news releases form anyone about this. 9) McCaffery stated that Nov sales are running ahead of Q2 growth. (that means > 34%) and further stated that Q4 is expected to be profitable. 10) Prior management included the founders of the company. (Johander/Jaksich)...the 2 of them own @ 3.6MM shares. 12) Current management has extensive executive level marketing/merchandising experience with MWards/Signature Group; Macy's; FingerHut and HSN/QVC programming. 13) Current shares are 25,465,000. Float is @16MM. Short interest is less than 2,000 . 14) Discussion of a strategic nature are presumed continuing; these discussions preclude additional stock re-purchase by VVTV and by VVTV insiders.