Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Value America (VUSA) - Another eBay? -- Ignore unavailable to you. Want to Upgrade?

To: Doug (Htfd,CT) who wrote (719)	8/12/2000 4:19:59 PM
From: Rajiv	Read Replies (1) \| Respond to of 734

IMO, VUSA's infrastructure is worthless. There are dozens of etailers closing their business and not getting anything for their assets. VUSA is all about selling dreams. Just a few weeks back, the new management was saying about how they will be cash-flow +ve in 2002, blah blah, and on Friday they pull the plug. Now they have a new dream to sell - electronic services business. IMO, they won't find a single customer for their "electronic services business". They are bit late in entering this business. There are etailers closing their businesses and not opening new ones. And the isolated cases of new B2C companies will not go to a company which had to file for bankruptcy even though it was using "a great infrastructure". Next stop - Nasdaq delisting. Regards, Rajiv

To: Doug (Htfd,CT) who wrote (719)	8/13/2000 12:54:26 AM
From: Marty Rubin	Read Replies (2) \| Respond to of 734

Doug, Whatever value there's, it should be less than the value of preferred. The last deal, May 10, 2000, was for $30M: "...provides for the sale of $30 million of a new issue of convertible preferred stock to existing Value America investors including Vulcan Ventures, Inc..." (http://biz.yahoo.com/bw/000510/va_value_a_1.html). Before that, on January 15, 1999, it was for $60M:(http://www.sec.gov/Archives/edgar/data/1049889/0000916641-99-000028.txt). I don't know whether there's more, or if any of them were redeemed. Please double-check with above/other sources. The big question: is it really worth for the people involved to try and rescue va? MOT should have a final hearing on Iridium's case and should start deorbiting soon. People tried to take it on the cheap, finding out that it's not worth it. That was $5B. Maybe there's something AMZN doesn't have that VUSA has. But i don't think so, since VUSA is not the only dotcom struggling, and as far as I know AMZN in the past never took such actions. You could make money on a cat-bounce once VA goes on the BB/pink sheet and mutual funds stop dumping to let the shorts cover. But it has its own risks. Links that may Help: SEC: sec.gov BW Article: #reply-13482308 ___________ I'm deeply sorry for anyone who may have lost money investing in VUSA or others. I hope he/she learns from this mistake and swiftly recoups any loses. Marty