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Technology Stocks : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Underwood who wrote (555)	4/19/2001 2:47:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 748

Wow, we were just discussing MSTR on a couple other threads earlier this afternoon. Must be a popular subject today<G> As far as this POS goes, I have no position here. Haven't since like $26. I tried a while back when the CEO was on squawk box one morning. It was at $20. Unfortunately, I couldn't borrow any from my trading firm. Seems it was a popular one as well. >>. Transfer your shares into a cash account or order the certs from your broker. These A holes will get calls to cover from their brokers who will have to get back your shares that they have loaned out to your detriment and there is nothing they can do about it. Don't take no or maybe or why for an answer from your broker. Just insist on it!!!!!! <<<< Just curious though, why would you want to take your shares to cert while the CEO here has been selling? Apparently he didn't care

To: Gerald Underwood who wrote (555)	5/22/2001 6:40:54 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 748

And where are you now Mr Underwood? The ever lame "call in the certs campaign" has ONCE again failed miserably! How lame is your braggacido here?: "These beggars are using your money(shares) as a means to enrich themselves all the while taking you down during the process. Then they have the balls to show up on these stock boards and rub your nose in it. We don't have to take it anymore. Transfer your shares into a cash account or order the certs from your broker. These A holes will get calls to cover from their brokers who will have to get back your shares that they have loaned out to your detriment and there is nothing they can do about it. Don't take no or maybe or why for an answer from your broker. Just insist on it!!!!!!" Yes my cajones are big a leathery, but more importantly, my cranium is far bigger than yours. Some day, mini-mo, you'll learn not to be such a sheep and perhaps learn how to read cash flow statements. Maybe you'll even learn how to read a business plan and see that the extremely narrow gross and negative operating margins in the whole fricken B2B space were a joke. But I doubt it. PurchasePro's CEO Resigns Amid Holder Lawsuits 2001-05-21 21:32 (New York) By J. Lynn Lunsford Staff Reporter of The Wall Street Journal Charles "Junior" Johnson Jr., founder and chief executive of the once-highflying PurchasePro.com Inc., has resigned from the Las Vegas company that is facing shareholder lawsuits over its recent financial disclosures. PurchasePro shares jumped on the news, up 15%, or 39 cents, to $2.97 in 4 p.m. Nasdaq Stock Market trading. PurchasePro, a onetime hot Internet upstart, provides electronic business-to-business services. At their peak 14 months ago, PurchasePro shares traded as high as $82. On April 25, the stock plummeted 35% to $4.05 after the company abruptly warned investors its earnings would miss estimates. Since April, 17 separate lawsuits have been filed, most of them alleging that Mr. Johnson, 40 years old, and other company officials had made misleading positive statements about the company's finances in an effort to artificially prop up the stock. A spokesman for PurchasePro said the company has no response to the lawsuits. Last week PurchasePro delayed filing its Form 10-Q with the Securities and Exchange Commission, and said it needed more time to fill out portions of the document dealing with the company's balance sheets and cash-flow statements. Executives were working to meet a deadline set for yesterday, but couldn't say whether they would make it. Vice Chairman and Chief Financial Officer Richard Clemmer, 49, who joined the company last week, said Mr. Johnson's departure was a surprise. "With the shareholder lawsuits and the ongoing concerns, all of the issues piled up," Mr. Clemmer said. "He [Mr. Johnson] felt like it was in the best interest of the company for him to move on." Mr. Johnson couldn't be reached for comment. PurchasePro named board member R. Todd Bradley, a former Gateway Inc. executive and a member of PurchasePro's board, to replace Mr. Johnson as chairman. The board hasn't decided how to fill the vacant CEO position, the company said. Some analysts say Mr. Johnson's departure may make it easier for PurchasePro to recover. "The board has known that they need to bring in a seasoned management team, and it looks like they have accelerated the process here," Lehman Brothers' Patrick Walravens, who has a "buy" recommendation on the stock. (END) DOW JONES NEWS 05-21-01 09:32 PM- - 09 32 PM EDT 05-21-01