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Politics : Ask Michael Burke

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To: LV who wrote (90785)	4/30/2001 12:46:36 AM
From: Dave Feldman	Read Replies (1) of 132070

LV, Yes, they have filed for bankruptcy protection, but are still operating. From what I understand, if you send the certificates in, Cityspree will refund the money. I have 8 or so certificates left. So far, have not been turned down, but some merchants have definitely stopped doing so. I'm a little surprised that the merchants are willing to incur the wrath of customers, but it looks like what has happened is that Cityspree made deals with merchants/restaurants for a year, and put up the certificates right away, "frontloading" (presumably to increase cash flow).

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