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.

Microcap & Penny Stocks : NSKY - NEW SKY - Movie production and MoviePlace.com site -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (2327)	3/26/1999 6:36:00 PM
From: DADEPFAN	Read Replies (1) \| Respond to of 6548

I forgive you Offie.. Here is the press release on Bloomberg (link was just posted on RB. quote.bloomberg.com 8^) Dave D

To: OFW who wrote (2327)	3/26/1999 8:30:00 PM
From: Donster	Respond to of 6548

Offie: You do not have to be forgiven for your honest opinions on anything. They are not only welcomed but respected as well. Your decisions on when and how much to buy and sell are yours and yours alone. If you sold and made a good profit today, good for you. I truly respect you for taking the time to explain why you took the action you did and your reasoning for doing so. Personally, I'm glad you retained some of your position because, IMO, you will be rewarded and I'm looking forward to meeting you in Seattle. I have had many of the same concerns as you regarding PRs but I chalk it up to the fact that New Sky is a small movie making company with a finished product (Freak) and the rights to a few other projects---and not much more. Their CEO hasn't had a salary from NSKY in eight years, but hasn't sold any of his shares. Their IR was paid with stock a couple of years ago, but hasn't sold a share. The only revenue they had from Lady in White has all but dried up. The CEO didn't pay the $800-plus to have the PR put on the PR Newswire because, I presume, it would have come out of his pocket. Not really a pretty picture unless you consider the potential, as well. Freak is completed, paid for and has been submitted to the Seattle Film Festival. Reynolds has expressed some confidence that it will be accepted, but we won't know for sure until the invitations are announced by SFF. An invitation would do wonders for the stature of New Sky and the eventual distribution deal, which we know will eventually happen. And New Sky will get one-third of all the profits--free and clear. It is just a matter of when. We won't even bother to discuss the considerable impact of its stars on a deal at this juncture. You mentioned NSKY's ability, or lack thereof, to publicize and promote upcoming projects. I presume you mean completed projects. And, in that case, it is my understanding that is not the job of the independent producers. It is the burden of the distributor and one of the reasons why, in fact, Lady in White didn't do better financially, even though it was a good movie. We have been promised that it won't happen again. Two other projects, that we are aware of, are being worked on currently but we have not had updates on their status. I'm obviously not a Hollywood deal maker, but I think that should be rectified. As for today's announcement, I am very pleased that an opportunity came along and Reynolds was able to complete the deal for New Sky, even though he had to loan the company the funds to do so. I interpreted his message to mean he loaned the money to NSKY with the intention of eventually being repaid, with interest. Those are probably the details to which he was referring. I didn't ask him a follow-up question about the details and don't know if he could tell me before the 10-Q report or not. But thank goodness we have a fully reporting company and will see the details eventually. I'm confident Reynolds made the personal loan for the future good of the company, not what happens is response to a PR. I know absolutely nothing about how much revenue a site like that can generate, through advertising rates based on hits or a percentage of goods sold through link hits. But I would bet they could be considerable and the concept certainly goes hand and glove with the name New Sky Communications. As for the performance of Logan Group, improvement is needed there. They are relatively new, with a young staff, and are in a learning process as well. I believe if Colleen had been there today she may have convinced Reynolds to spring for the PR Newswire in addition to the required three outlets. And she may yet. Who knows? But, after seeing what usually happens to the stock of BB companies after PRs are put on the PR Newswire or, as you say, widely distributed, I question the need to invite a price decline. How this is received and how it impacts the stock price will ultimately depend on the revenue it produces, not on how wide the distribution of the PR. Finally, while I enjoy a debate as well as the next guy, and hope we do discuss it thoroughly, I don't know how much impact it will have on Reynolds' way of doing business. And ultimately it comes down to whether we have enough confidence in him to let our money ride or pull all or some off the table, as you did today. Again, thanks for your thoughts Offie. Expressing points of view, opposing or not, are what these threads are for. Those views are especially meaningful when they come from someone as highly regarded as you.

To: OFW who wrote (2327)	3/26/1999 8:36:00 PM
From: Judith	Read Replies (2) \| Respond to of 6548

OFW, Don't feel bad...you weren't the only one selling! Donster, I am afraid I have to disagree with you again. The momentum players never got in today. Like OFW, I was selling all afternoon. Unfortunately, not all of my shares got sold. All those small sales you think you saw, were really larger orders which the MMs kept breaking up into smaller buys. Whether I submitted a 10,000 or 25,000, or 40,000 share sell, they only filled 5000 of it. I continued to submit smaller orders so they would not drop the bid all at once. That's the only way to sell large amounts of BB stocks. I suspect there were other long termers selling also. Lots of people bought the last couple of months expecting the big distribution deal news, and were left will nothing but a loss. As soon as the price went up, people were selling to break even. I think that people have lost confidence in the company and will continue to sell on any upward movement to recover their investment. OFW, I also agree that Reynolds continues to act in a manner that can disillusion shareholders. It makes no sense for a part time CEO to provide a private loan to the company. Even if legal, it leaves open lots of negative possibilities. What are the terms of the loan? What period of time? What interest rate? The biggest question is how much did it cost to obtain 40% and why was movieplace.com so willing to sell 40%. What kind of revenues have they been having and what can NSKY expect to receive in revenues. Of course, since the news release didn't bother to mention revenues, only losses, I doubt NSKY has any revenues at all. The unwillingness to spend money for a proper PR confirms to me that suspicion. Based on the huge number of outstanding common shares (193,736,000), it will take a tremendous revenue gain from movieplace.com to raise the share value even a little. As far as speculating about future plans for movieplace.com, ask yourself who is going to do the planning and the work. The only person doing anything in NSKY is a part time CEO. Are there any other NSKY employees working at all? What could a part time CEO bring to the website to add so much new value? Another concern again has to do with the way Reynolds seems to think Donster is the only shareholder he has to communicate with. Others have posted that their emails to NSKY went unanswered and Colleen would get to them as soon as she could. However, Donster sends an email asking about the financing for this 40% purchase, and is answered immediately. Makes you wonder, doesn't it. My last comment is in regard to everyone's hopes for acceptance of Freaks into SFF. There was a spammer very recently posting on the RB thread I believe, about another small film company that had a film accepted into some other film festival. I watched the share price of that company, and if NSKY performs likewise, you will not see much change in shareprice. Since I only have a small amount of shares left, I will not bother to follow this stock anymore. I wish everyone well with their investments, but it seems so many of you are in love with this stock, think you are in a social club here, and are perhaps not viewing the company and it's actions with a critical eye. I hope you aren't disappointed in the future. Good Luck Judith