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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (26515)	4/3/1999 11:37:00 AM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 122087

Prudential is the lead underwriter for the ITVU secondary . Anyone know how aggressively they support stocks they underwrite ? Also found the following interesting in the current S-3 - seems to go beyond the usual warnings and risk disclosure found : WE HAVE A HISTORY OF LOSSES AND ANTICIPATE FUTURE LOSSES. Since the formation of our company, we have incurred substantial net losses. As of December 31, 1998, we had an accumulated deficit of $23.3 million. As we continue to implement our growth strategy, we intend to spend significant amounts on sales and marketing, research and development and general and administrative activities. We expect that we generally will incur these costs in advance of anticipated related revenues, which may further increase operating losses in certain periods. As a result of our expansion, we expect to continue to incur significant operating losses and negative cash flows from operations for the foreseeable future. It is possible that we may never achieve favorable operating results or profitability. In addition, under the terms of our strategic alliance agreement with NBC,NBC acquired shares of our Series G Preferred Stock, which, under some circumstances must be returned to us. As the requirement to return shares to us lapses, we must incur a non-cash charge for the fair value of those shares of Series G Preferred Stock for which this requirement has lapsed. In January 1998, we expensed $3.4 million for the then fair value of 680,000 shares of Series G Preferred Stock and expect to expense the then fair value of the remaining 600,000 shares of Series G Preferred Stock during the fourth quarter of 1999. Should INTERVU breach, renegotiate or waive this requirement, removing NBC's obligation to return the shares of Series G Preferred Stock, INTERVU would expense the fair value at that time. This non-cash charge is expected to materially adversely affect our results of operations in the period we recognize the expense, which could impair the price of our common stock.