Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: mister topes who wrote (9117)	6/2/1999 11:25:00 AM
From: Justa Werkenstiff	of 42834

Don: I have looked into purchasing bobbrinker.com but that company has instituted an novel poison pill defense which will defeat our efforts. The Bobrinker.com poison pill comes in the form of real earnings. Our accountants, Wee, Cheatum & Howe, discovered this fact while doing due diligence. And no matter how hard Mr. Brinker tried to hide this fact, the numbers don't lie. We were shocked at this discovery and had to call off the deal. There was just no synergy between our money losing venture and a company that is posting real numbers. In the pooling of interest form of accounting, bobbrinker.com's earnings would have surpassed our losses and put us in the positive zone, a place we do not wan to be at any price. (Excuse me a second -- my split beeper just went off -- must be theglobe.com again). And no matter how hard Lars and I tried to waste our IPO money on cheap entertainment and cosmetics, bobbrinker.com still will stick us with earnings on a pro forma basis. Yeah, right. If we post earnings, some silly analyst might try to stick us with a multiple and the whole game is over. (Excuse me a second -- my splat beeper went off -- must be AMZN breaking down through $100). Thank goodness for MSFT. You are correct. I did want shares for a non-compete agreement but given how my splat beeper is going off every other minute (justabid.com has lost 60% of it value since last Wednesday), I will take anything I can get at this point, especially since Gates has more interest in bobbrinker.com. For some silly reason, Gates likes to see some real earnings. This guy better wake up or he will never be successful.

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