To: Nicholas P. Acquaviva Jr. who wrote (448 ) 12/11/1998 3:56:00 PM From: THESTOCKMAN Read Replies (1) | Respond to of 581
Mr. Pink, I am one of the schmuks who bought KLOC, but I did not dump it immediately since I actually did what you suggested and that was to go ahead and do my own due diligence. I did call the company and found out that they are much more than just a day trade. I discovered that this little jewel probably does have a great deal of upside potential from here if I only hold on a little longer. I found that there was a great deal of hubub going on with the CEO and CFO and others all in meetings out of the office (even in other states). No one could tell me concerning what, but if your information is correct concerning the $5million cash infusion by Yahoos and Infoseek into their new internet site IPO spinoff, then it would make a lot of sense! I also discovered that the company was able to buy their new Spanish Satellite Channel through an insider donors gift without having to spend a dime! This could be a veritable cash cow. In addition, I found that the Jerry Springer movie in the U.S. has already brought in $7 million and that there are several more movies out in Europe that if they do well, will come to the U.S. One is a new musical SWING movie which would be very timely in the U.S. with the renewed interest in swingband music like "ZOOT SUIT RIOT" and the lot. I also understand that the 1-800-UUSEARCH internet site is getting in the top 145 for hits on the total internet. That is HUGE! Mr. PINK, in conclusion, I thank you for turning me onto this gem and I honestly think you weren't wrong on this stock! You're timing may have been a little poor, but hey, no one's right all the time! Sincerely, THESTOCKMAN