Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.79

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12:00 PM EST

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To: IceShark who wrote (16198)	9/5/1998 2:43:00 PM
From: OtherChap	Read Replies (3) of 164684

If it is true that Amazon has been financing their operations through giving stock to Baker & Taylor instead of actually paying cash, this could be a disaster of Bre-X proportions. It would indicate that when you buy a book from Amazon, they don't actually PAY for that book with cash, they simply give stock to Baker & Taylor as payment. Imagine how much WORSE Amazon's bottom line would be- as it is they are LOSING money on every transaction, but if it turns out they are losing money when they are getting the books for FREE, then this may finally be the straw that breaks Amazon's back. If this is true, and I repeat "IF", then Amazon will certainly be investigated by the SEC and their stock will collapse under the weight of shareholder lawsuits. "IF" this is true, it is fraud of the highest magnitude. My October 60 puts may well be worth more of a fortune than they already are.

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