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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Anthony@Pacific who wrote (67432)2/26/2001 4:46:44 PM
From: RockyBalboa  Read Replies (1) of 122087
 
The company strongly encouraged anyone considering an investment in these securities to consider its determination that they are worthless.

Congrats, Tony, good call!

LOS ANGELES--(BUSINESS WIRE)--Feb. 26, 2001--eToys Inc. (Nasdaq:ETYS - news) today announced that it plans to file for protection under federal bankruptcy law within approximately the next five to 10 days. The company said its decision was based on the results to date of its efforts to pursue strategic alternatives and its conclusion that, under any scenario, its outstanding liabilities, which totaled approximately $274.0 million as of January 31, 2001, will substantially exceed the value of any proceeds or assets that may be received in a strategic transaction. Accordingly, the company has determined that it has no alternative other than to file for bankruptcy protection.

The company also said that, in light of these facts, it has concluded that its outstanding equity securities, including both its common stock and its Series D preferred stock, have no value.

The company strongly encouraged anyone considering an investment in these securities to consider its determination that they are worthless.
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