Ashford.com Inc-(ASFD) Message Board

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Technology Stocks : Ashford.com Inc-(ASFD)

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To: TraderTerry who wrote (44)	9/23/1999 10:17:00 PM
From: 993racer	Read Replies (2) of 111

This is from the Tag Heuer page at Ashford: "All watches have been purchased by us through unofficial and/or secondary markets, and are sold exactly as we receive them. Ashford.com does not alter products in any way. " and this is from the prospectus: "Several states have laws regulating the sale of secondhand watches. For example, California, New York and Texas prohibit anyone from representing as "new" any watch that has had its serial number removed. Pursuant to these laws, a watch with a serial number removed must clearly be labeled as "secondhand" even if it has never been worn. We have implemented procedures whereby all of our buyers explicitly communicate to suppliers that we will only buy a watch if its serial number has not been removed. In addition, we inspect each watch we sell that is manufactured with a serial number to ensure it has a serial number prior to shipment. If a court were to find, however, that we have violated these statutes, we could be subject to civil or criminal penalties. " although we dont know yet if a lawsuit was filed

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