From Tony Gouveia..........IRforTMM@cinemaxpictures.com
Mr. Wilson,
Thank you for the questions. It would be my pleasure to answer your questions and you have my permission to post my reply. My answer to you will be posted to the Cinemax Pictures web site, Company FAQ Section in a few days that I use to inform shareholders on matters of interest. Hopefully, by no later than tomorrow.
1) All of the trading of CPPC on October 16 caused a significant rise in price and a huge increase in volume. There has been speculation that Cinemax insiders were dumping shares starting on Oct. 5 and continuing through today, even as high as $4.00 per share, while long-term shareholders were unable to sell their holdings. Is there any truth to this ?
No insider shareholders in CPPC (Management, Board of Director’s, or Employees) HAVE SOLD ANY SHARES privately or on the open market. Therefore, these rumors are false. We believe in this company and its future, and selling shares off in that manner would be unethical to shareholders past, present and future.
2) A statement in your PR of Oct. 15 indicates that you are in negotiations to acquire a film library. I have read that one of the libraries you are looking at could be the old QTN library from Valcom and Frank Olsen. Is this correct?
No. We are not considering the purchase of this library now or at any time in the future. One of the libraries we are currently considering is a prestigious collection of films with many well known and diverse international titles and genres. The contents of that library will be announced if and when we complete the transaction.
I can appreciate your concerns and understand why you would ask these questions.
Please feel free to contact me any time. I have and will continue to answer all questions that are sent to this e-mail address.
Thank You
Tony
Don't bait the bear........
