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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (42693)8/18/1999 8:17:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 122087
 
you mean this part??
.
.
.
But the $10 million infusion is for the exclusive use of the
Internet startup and isn't available to the parent company, according
to Information Management's latest filing with the Securities
and Exchange Commission,
"The $10 million is to be used solely to fund the activities
of buyingedge.com," the filing states.



To: Anthony@Pacific who wrote (42693)8/18/1999 9:26:00 PM
From: SIW  Read Replies (4) | Respond to of 122087
 
I understand it...but do you?

CMGi puts companies on the fast track for IPOs. Witness ENGA, CPTH, Raging Bull etc. It seems like Buyingedge is headed straight for IPO land. IMAA doesn't have the money to keep funding it, they need more to compete properly with PCLN and such, I see it happening much faster than you think.

And thanks for the article! I didn't realize that IMAA "remains its (buyingedge.com's) largest investor - with about a 71% stake" and the best part: "Because of its ownership stake, Information Management would enjoy a financial windfall if the Internet venture, which currently offers its services for free, succeeds and goes public."

You have not done your dd...you saw this stock go up big time, thought it was an easy short at 7 1/4 and got screwed when you got squeezed. Then you were diminished to casting dispersions upon the company and alledging rediculous claims of fraud when your little plan didn't work out.

By the way, the Buyingedge development costs happened to be a major reason they have incurred losses the recent past..now that they have effectively "spun that off", they can resume being a growing profitable enterprise in their core business arena. This is their bread and butter.

With customers like these:
imaedge.com

With partners like these:
imaedge.com

Making deals like this:
bigcharts.com