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.

Gold/Mining/Energy : Prime Spot Media Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JJ who wrote (41)	4/11/1999 4:56:00 AM
From: Thermidor	Read Replies (1) \| Respond to of 80

JJ: Sorry I haven't gotten back to you sooner. Jesse Paynter was formerly the senior vice-president of sales and marking at Turner Private Networks. The moves Prime Spot is now making are as a result of his business plan. In others words, he is now the brains behind the show. I'm sorry, I don't know his official title. As soon as I find out I'll post it. What I do know is Paynter has previously been involved with at least two other private television networks. One was broadcast to college campuses the other to doctor's offices. Whether in fact those two ventures were with Turner I don't know. But the fact that he's successfully done this sort of thing in the past speaks volumes to his experience and to where he'll be able to take this company. Go back to the press release that pushed Prime Spot's stock from .20 to .46 cents. What did it say? That fees would now be collected from the entertainment portion of the Prime Spot broadcasts, from people like Disney, Sony, and Columbia. In other words, it's not just the advertisers who will be paying money but the entertainers too. What was once an expense is now another source of revenue. I think that sort of a deal speaks volumes to what Jesse Paynter is going to accomplish. Your other question was about NIR. I know there's some relationship between those people who were involved with NIR and those who are now involved with Prime Spot. Perhaps someone else can speak to that. For what it's worth a guy I know who did some work for NIR in the past and knows the insiders there said they had expectations that PTD was going to go back to it's $1.20 to $1.40 level. But please, please, do your DD and don't bet the ranch on that one.