TWST: In line with the recent Nasdaq delisting threat,
when you meet financial analysts and shareholders, are there
any particular concerns they put to you about your growth
strategy, about your ability to grow fast enough? Are there any
recurring questions?
Mr. Hoffman: No, not really. Our only issue with listing standards is the dollar price thing that Nasdaq has out there, which
is to me a boon for short sellers who can play games with it. We are
comfortable that that is not going to be a problem for us that we will
do what it takes to get the dollar price. We have six months to do it.
We think it'll be done in that six months, if not, because of our
shareholder equity, we'll be able to get another six months. So in a
year, we will have the dollar price per share thing taken care of, in
our judgment. Other than that, we are well within all the other listing standards and have no issue with staying on Nasdaq. Naturally,
we would like to dramatically increase our shareholder equity. We
think being a bigger company, if we can get our shareholders' equity
from say $15 million to say $50 million, we think that is going to
give us even more. We want to be bigger, but it doesn't mean that
that's going to cause us any particular listing.
TWST: What will be some of the most compelling
reasons for investors to huy shares in your company today?
Mr. Hoffman: I think the company is extremely undervalued against its book value per share, and I believe that is how
film companies ought to be valued as long as they're ongoing as we
certainly believe we are as a multiple of the net asset value of the
company, because your real asset is the movies you own, your library. On that basis, our stock trades at a fraction of our current
book value per share and much less a fraction, even lower fraction
of two times the book value of the share, w
