Peapod (PPOD) Message Board

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Technology Stocks : Peapod (PPOD)

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To: Tom Hua who wrote (1058)	11/5/1999 6:10:00 PM
From: zuma_rk	Read Replies (2) of 1170

FWIW-- For the sake of accuracy, here's the exact wording from the 10Q: * The Company anticipates that existing cash and marketable securities may be insufficient to fund the Company's operations and capital requirements for the next year and is currently evaluating financing opportunities. There can be no assurance that capital will be available to the Company on favorable terms, or at all. ** Key point: --NEXT YEAR Give me a break -- through its "reporting," CNBC has become a master of the OBVIOUS, friends (let's not ignore the fact that there's $9 million of cash and cash equivalents on the balance sheet as of only 5 weeks ago). Who DIDN'T know they didn't have enough cash to fund their planned expansion? This is standard wording for an SEC filing. Don't get suckered, folks. Some short seller waited to the close, cut and pasted one paragraph from YESTERDAY's filing and emailed it into Dow Jones, who picked it up in a highly irresponsible fashion. Do you really think an Executive VP from ATT and the former Vice Chairman of Wal-Mart would knowingly be a party to some kind of securities fraud? Just some random thoughts...

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