Very good, you have done your homework. Servers are available; actually $5.2 million worth. From the September 30, 2000 10-Q:
"On March 30, 2000, Gateway, Inc. invested $10 million in exchange for 7.6% of quepasa.com's outstanding stock. Quepasa also committed itself to use a substantial portion of the proceeds of Gateway's investment to further its community and educational initiative program, which includes distributing computers purchased from Gateway accompanied with Spanish language technical support, providing Internet access, and training for quepasa's subscribers. The Company purchased $6.7 million of computers pursuant to this agreement which are included in other current assets as of September 30, 2000."
Or, how about the first refusal rights for Gloria Estafan's next tour:
"In September 1999, the Company entered into an agreement with Estefan Enterprises, Inc. whereby Gloria Estefan would act as spokesperson for the Company through December 31, 2000 and the Company would sponsor her United States 2000 concert tour. Ms. Estefan's tour was subsequently postponed, and consequently the original terms of the spokesperson agreement have been renegotiated. The revised spokesperson agreement calls for the return of the 156,863 shares of redeemable common stock to the Company, cancellation of the put option for those shares and cancellation of the final installment. The Company obtained the right of first refusal for the sponsorship of Ms. Estefan's next United States and Latin America tours. As of September 30, 2000, the prepaid advertising relating to the Estefan agreement has been fully amortized and the issuance of the 156,863 shares of redeemable common stock has been reversed. The Company recognized $0 and $2.3 million of amortization in relation to the Estefan agreement during the three and nine months ended September 30, 2000, respectively." |
