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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Sir Auric Goldfinger who wrote (3116)10/21/2000 12:27:32 AM
From: Mad2  Read Replies (1) of 3543
 
Interesting accounts.
This guy Donahue should get a Darwin award (for extinct investors). He and the World Com guy.......margin is a dangerous thingy.

The shares perked up, getting back to the high $20s in July, before
descending even further. Things went from bad to worse for the company
in recent weeks when it told investors it would report a
wider-than-expected loss from operations. With the shares under $3, the
company hired Bear Stearns & Co. to explore strategic alternatives. On
Oct. 12, it announced that it had signed a pact with technology-holding
company Jackpot Enterprises for a $20 million private placement of
convertible preferred shares. As part of the agreement, Jackpot said it
would also assume Mr. Donahue's $14 million loan in exchange for some
of any future gains from his InterWorld stock.
m2
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