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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (93167)	2/8/2000 1:35:00 AM
From: KeepItSimple	Read Replies (1) of 164684

>News that Amazon.com (Nasdaq: AMZN) is raising money > by issuing debt in European euros ($586 million worth), Very likely this money is simply the proceeds from Bezo's own pockets that he made by selling that massive block of calls through switzerland in 1999. Par for the course for the fraud artists at Amazon. This debt has no requirements for reporting to the SEC whatsoever, just like their previous offshore bond offering. This is the exact same reason that Bezos hedged 7 billion dollars of his stock through a swiss franc call offering early last year. There are only two shareholders that could sell that many calls without being naked, and Bezos was one of them. It wouldn't look good for the CEO to hedge his position and lock in billions of profits- so for public relations purposes he does it offshore. The same reason he keeps his old honda station wagon parked in front of the guest house for the reporters to see. :) Considering his former career as a hedge fund manager, anyone who doesnt understand that options sale was ABSOLUTELY his is just ignorant. BTW- druglords simply love offshore offerings of any kind- there is absolutely no accountability to any US regulatory agency, and once the money is invested it is instantly laundered into clean US legal tender. That's why companies with non-existant fundamentals often turn to offshore offerings- there's always a global criminal element (druglords, organized crime, russian mafia) that wants to convert their money into US dollars. There is simply no other way for them to launder billions at a time, so they are willing to take huge risks. Well, the russians managed to funnel billions through the bank of new york from the IMF bailout fund, but they eventually got caught. :)

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