Autoweb IPO 3/22/99 AWEB Message Board

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Technology Stocks : Autoweb IPO 3/22/99 AWEB

AWEB 0.000400

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Oct 18 5:00 PM EST

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To: Paul Dubsky who wrote (161)	3/26/1999 7:45:00 AM
From: Pluvia	of 696

BUYER BEWARE - State of Texas says AWEB Business Plan is Illegal - From Prospectus... ********************** The state of Texas has challenged our pricing model under their Motor Vehicle Code. In May 1998, the Texas Department of Transportation notified us that, in their opinion, our performance-based pricing model is illegal, because it makes us a broker under Texas law. They have taken the position that the fee paid to us by member dealers for each qualified purchase inquiry is equivalent to a finder's or broker's fee and that we are arranging for two persons to meet and enter into a transaction that involves the sale of a motor vehicle. **********************

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