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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.10-1.4%Dec 4 3:59 PM EST
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To: Jan Crawley who wrote (29309)12/8/1998 2:48:00 PM
From: KeepItSimple  Read Replies (1) of 164684
 
I didn't say they did. I just said they control twice the public float, ie the number of shares they own is twice the number of shares that are in the float.

Such a position makes it literally impossible to find shares to borrow for shorting purposes if Deutchebank doesn't want anyone to short the stock.

Judging from amazon's e-portal webpage link that was posted a bit ago, I'd say we're less than 30 days away from a total and complete re-launch of Amazon. Also, their cash position is so terrible (negative assets and losing tons more every day) that there is a good chance they may stop selling merchandise entirely by early January. There is no reason for them to even attempt to stock and ship items if they're going to start the e-portal kick. As soon as they stop selling products, BOOM- they stop losing all that cash.

There's my prediction... By Jan 15 Amazon will no longer sell physical items of any kind on its website. They have a decent amount of cash left from their junk bond offering- enough to let them run for a couple years as a fledgling e-portal. As Glenn has pointed out, they would be bankrupt or forced to float a secondary stock offering within 9 months or so because their current business model is driving them broke.

I've got to hand it to Bezos, it looks like he is going to get away with the biggest corporate sleight of hand i've ever seen.

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I do not think that Deutchebank controls 7 plus millions shares in float.
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