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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?


To: autocard who wrote (2604)9/3/2000 9:32:27 PM
From: Bear Down  Respond to of 2664
 
According to this from the SEC filing made on Aug 24th of this year MLRE didn't exactly pay in a timely manner for their printing.

Item 2. Legal Proceedings.

St. Ives, Inc. v. Millionaire.com. The plaintiff, Millionaire magazine's former printer, brought an action in Broward County, Florida, against Millionaire.com alleging that amounts were due under certain printing bills. The plaintiff seeks $552,873.82. Millionaire.com counterclaimed, alleging that
the printer caused substantial problems on numerous occasions and requests an offset of damages in excess of such amount. The case was settled for $375,000. We are paying this amount in accordance with an agreed upon payment plan

From the same filing. MLRE claims to be about broke

We have had insufficient revenues to satisfy our ongoing expenses of operation. Due to our history of losses, we cannot assure you that we will ever be profitable. If we do not become profitable or obtain additional financing, we will be unable to continue our current level of operations. Because we have had net losses of $6,284,231 and $739,303 for the year ended December 31, 1999 and the twenty weeks ended December 31, 1998, respectively, there is substantial doubt about our ability to continue as a going concern. See "Management's Discussion and Analysis or Plan of Operations" and Note B to the "Financial Statements" for a more detailed discussion of our losses, sources of funds for operations and other financial information.

ANY stock in this bad a financial stake, is on the verge of failure, case closed!

Now take your non-disclosin, toutin arse over to birdgirl's cage and get her to fess up



To: autocard who wrote (2604)9/4/2000 12:20:13 AM
From: Bear Down  Read Replies (1) | Respond to of 2664
 
Tout-boy,

Why don't you ever discuss any of the issues addressed here. Things like changing the name of a magazine that you have claimed all along was helping to build "brand awareness" and doing very well. Things like civil actions against the company for non payment of bills. Questions like why did 6 employees including the editor in chief, quit the same day. Questions about the CEO's wife and YOU being his "best friend" for 30 years and not disclosing either of your compensation packages.

These are the issues that shareholders** such as myself want answers to. So your accusations of me being short this POS are FALSE as they always have been. You are a non-disclosing, shameless POS tout. But hey, I guess if I still HAD to have a job at your age I would be bitter too.

By the way, From my reading of the disclosure laws you might want to have the 10SB revised to include the bankruptcy of a company David Strong was a director of prior to MLRE. If you don't let the SEC know, I will.

**For anyone that is not aware I am long MLRE, not for my faith in the company, but as a trophy cert for my ever growing "Wall of Shame"