The current filing has been generated simply
because a certain period of time has come to pass. The
talk on the thread is misleading because it implies
that it is a "new" filing by DIS to signal an imminent
intention to buy a significant percentage of RENT. Not
true. They've had the option to exercise for quite some
time now. Again, the present filing has been generated
simply because a certain period of time has elapsed. DIS
is no closer to buying RENT than they were a year or
two years ago. Regarding milestones that DIS did not
meet(?): What were they and why would DIS not meeting
milestones lower the purchase price for them? As for Berger
options, this provision was put into the proxy for one
simple reason: he knows he won't get his money from RENT
through open market value. If DIS wants RENT, they'll pay
the $6.58 for the 10% in the warrant agreement and
they'll get the rest for less than that. DIS is known for
being tough and savvy; remember when they took a stake
in SEEK? The stock fell and this is an Internet
stock, the hottest sector on Wall Street. DIS will hose
RENT if it chooses to own a big part of it; this is
probably why Berger is looking for options. He wants his
parachute. Either way, as someone wrote on this thread, RENT
will be a bookkeeper to the studios. This does not
make for dynamic growth potential, as evidenced by the
poor performance of the stock. Only those who feel
married to Berger and RENT are conjuring rosy and
unlikely scenarios to stay in love. It seems to me that
keeping money in RENT for "the big payoff" is like
putting money in a Japanese postal account. (0 to
This industry is evolving even faster than a
genius like you Freddy can follow. Revenue sharing will
soon be studio direct to chain or studio direct to
distributer. All Rentrak and Supercom will be is
bookeepers.They keep the records and audit the books. Their cut
will be low per unit, but multiplied on every tape for
the rental market. No one will care about antitrust
because it is the studios who set the prices and terms,
not the bookeepers.
If Neilson is the only rating
service that TV uses, no one cares.
Of course Dis
said they have "no present" intention to exercise the
warrants. They probably won't have present intention for
another 30 days.
You are the dumpest S.o.B. I ever read about.
Read the filling and then talk again.
you Disney hopefulls, please read the following out
of the 13D filling.
"The Company acquired
the Warrants for the purpose of investment. The
Company has no present intention to exercise the Warrants
in whole or in part."
As it stands Disney is
not the canidate, why would they be? Antitrust
lawsuits would be flying all over. Supercom is for Rent,
what Apple is for Microsoft.
Upon checking the annual report, RENT owns 25% of
Rentrak Japan. At one times revenue it is worth over $30
After buying 1,234,563 shares of Rentrak at $6.58/share
cash, DIS buys the rest at 1/3 share of DIS per 1 share
RENT. They then sell off the RENT Japan for a
discounted $25 mil. cash and have a 3 to 1 return on their
$8 mil. cash invested. There is no dilution because
RENT is at such a cheap PE ratio compared to DIS.
The exercise price was not dropped because
Rentrak failed to meet milestones.RENT had no milestones
to meet, DIS did. The number of shares was dropped
because Disney failed to meet those milestones.
13D was filed on 7-14-98. It was filed for
information purposes only.If you sell your Rentrak now and
IDisney buys out Rentrak, you have no grounds for a suit
as you were "informed".
I think the people
looking for a buyout are correct. Supercom has Warner
Brothers and Columbia. Rentrak has the ability to track
the rentals and audit for compliance (Supercom
doesn't). DIS buys RENT, changes the name to Supercom,
fires Ron Berger and processes the revenue sharing for
every studio and every store in America. Plus the own a
chunk of Rentrak Japan, all for $120 million. It is a
great deal for Disney.
M O R O N
I defend Tokyo and others when I
fel that someone has been unjustly attacked. I have
few heros in my life and Tokyo does not fall in that
category although I do admire his trading abilities. As
for my thoughts, almost every stock I own and about
90% of the amount I currently have invested are stock
I selected, not recommendation of others. RENT,
CMP, HDIE, etc.
Whenever tokyomex is getting his a** kicked on
Yahoo boards you butt in and try to help your hero.
When I said you press your lips against tokyomex's
buttocks I meant that you are a kiss ass. And now that I
see you can put a thought together without tokyomex's
help I'm just soooo proud of you. Once again keep up
the good work informing everyone about RENT.