To: Ron McKinnon who wrote (1025 ) 11/5/1999 6:18:00 PM From: Regis McConnell Read Replies (4) | Respond to of 1170
What a piece of 'artfull manipulation' is taking place, attempting to steal, panic, & misinform the shareholders of PPOD. No wonder the SEC has been worried about after hrs. trading. Right now shorts are 'painting the tape' trying to bait & lie & get individuals to dump shares of PPOD. It's quite a smooth operation. 1st the pretended panic release of already known, 10Q info., that is standard fare for such documents. Its a simple CYA statement that reads, "The Company anticipates that existing cash and marketable securities may be insufficient to fund the Company's operations and capital requirements for the next year and is currently evaluating financing opportunities. There can be no assurance that capital will be available to the Company on favorable terms,or at all" This is standard stuff for such forms, anybody that has read documents relating to the procurment of capital infusion has read such many times. Everybody has known all along that Peapod would require additional funding to do the job right. Remember, to read carfully the full press release regarding the addition of Mr. McLane.siliconinvestor.com "I can clearly see that Peapod is a company that will continue to lead the Internet grocery revolution," McLane said in a statement. "That's why I'm making investments of my time, money and energy in an Internet company for the first time. I plan to reach back into my 40 years of experience in the grocery distribution industry to assist Peapod in developing the best e-commerce food-distribution system in the U.S. and continue to lead the industry in customer service." This is a cheap attempt, to misrepresent known info. in a way to scare people into trading out of a position in the after hrs. Appartently some people have already been suckered by this crap. Regis