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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (117117)	2/7/2001 4:38:59 PM
From: H James Morris	Read Replies (3) \| Respond to of 164684

SB, yesterday I bought the first issue of Amzn Junk bonds and let me tell why. First, I paid 55% less than the original bond holders paid. Second, In the event of a default we get to take Amzn into busto, and the current common shareholders get nothing. Yep Zero! Amzn currently has a market cap of $5.36 billion. Us amzn bond holders can get this POS for $600 million. I think Amzn is worth at least $600 million to someone. Btw If I'm wrong and Amzn does make it I'll still get 18.2% on my money. My risk is simple. Amzn gets liquidated for less than $600 million, and I never received an Interest payment.:O)