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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: Champolion who wrote (2515)	4/22/1999 4:31:00 PM
From: ed doell	Read Replies (1) \| Respond to of 13157

>> I believe the company has been issuing new shares since last week. I also believe they have more shares to issue if the price remains above 13. So, if ACTV decides to go down that path, << ****************************** Champ, I don't think they can do that, and why would they do that? The only scenario I can imagine would have to do with conversions from warrants or preferred... and that's an already known amount (fully diluted, etc.) They have enough money to do what they want and the right people are in place, so why would they do that? Often your points make sense to me, this one does not. Ed

To: Champolion who wrote (2515)	4/22/1999 4:37:00 PM
From: The Atheist	Respond to of 13157

Champoline you are wrong. The company has not filed a shelf registration and can not sell their own stock in the open market. The only way they can sell stock is by a private placement, and those investors could in theory sell short against their convertible stock.

To: Champolion who wrote (2515)	4/22/1999 4:45:00 PM
From: SCOTT HEIMAN	Read Replies (2) \| Respond to of 13157

Again, please read the S-3! ACTV is not, repeat, IS NOT issuing new shares of stock. Do not take my word for it though. Call the SEC or a competent securities attorney and they will gladly explain to you the mechanics behind a S-3. Now I cannot deny that the selling pressure lately could be the result of the "Selling Shareholders" listed in the S-3 actually selling their newly registered shares, but this is at worst a short term problem. And do not be concerned that they "know" something. The vast majority of the institutions and individuals listed in the S-3 are not privy to any inside information about ACTV. Most have no connection with the day to day operations of the company. In other words, you, if you you do your due diligence, are as enlightened as they are. (Except that most of us did not "load the boat" with IATV at $1.25 per share like they did!) Do not sweat this downdraft. Use it as an entry point (or averaging down opportunity) and be ready to celebrate, in time. How much time? Somewhere between 1 day to 1 year. Sooner is of course better than later, but even after a year $40+ per share will feel pretty good! Long and Strong, Scott Heiman