Amazon.com, Inc. (AMZN) Message Board

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

AMZN 235.03

+0.5%

3:38 PM EST

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To: microhoogle! who wrote (107407)	8/23/2000 12:36:39 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

" Under terms of the January agreement, Amazon acquired 5 percent of Greenlight's outstanding shares for an undisclosed sum. Amazon also will receive $82.5 million from Greenlight.com over a 5-year period and receive warrants to increase its stake to 30 percent during that time." Excuse me but Greenligh.com has almost no revenue, is burning cash and is down to about $15 miion in cash. How is Greenligh.com going to pay Amazon $82.5 million when they will have difficulty paying their employees through next spring?

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