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To: Steve Black who wrote (558)10/23/1998 10:42:00 AM
From: Mitch Aunger  Read Replies (1) | Respond to of 610
 
Steve,

I understand... I've been following idid for a long long time. I know what has happened... maybe even a little more than most do... but I can always have hope!

I have NOT heard anything back from cashback... I'll copy the post here if I do.

Anyone else have any data/rumors?

Mitch



To: Steve Black who wrote (558)10/26/1998 3:21:00 PM
From: Mitch Aunger  Read Replies (1) | Respond to of 610
 
Steve and all:

I personally talked to John at IDID. I have talked to him before. The following is what he told me, I have no other verification of the info he gave.

They are NOT attending any shows... not COMDEX... NOTHING.

The previously announced deal with Tracker has been rescinded (I won't post the details).

John is the only employee left. He believes in the technology and has not been paid (his family wishes he were). They do not have enough money to file the required SEC forms. He did say he would reorganize the company's debts (chapter 11 etc) if he had enough money to do so.

He is trying to work on some deals (putting in 60 hour weeks with no pay... he must really believe --- or is really trying to snow me). He hopes something happens with one or more of them in the near future... otherwise, the company will go completely under.

Anyone got about $500k to rescue them?

Good luck

Mitch