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

To: damniseedemons who wrote (22967)	10/25/1998 4:47:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

The other day someone here posted that it was Goldman that sold some idiots the 'Things' junk bonds. Let me make it perfectly clear it was Mary Meekers, Morgan Stanley. Who I believe still carry more Amzn stock in its inventory than any of the other Elephants. Thank you Glen for clearing that up. < James, I checked and it was Morgan Stanley that issued the junk bonds. This is a paragraph from the 10Q from Q1 "Interest will be payable semiannually (to the holders of record of the Notes at the close of business on the April 15 or October 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing November 1, 2003; provided that no interest will accrue on the principal amount of this Note prior to May 1, 2003 and no interest will be paid on this Note prior to November 1, 2003, except as provided in the next paragraph. If an exchange offer registered under the Securities Act is not consummated and a shelf registration statement under the Securities Act with respect to resales of the Notes is not declared effective by the Commission, on or before November 8, 1998 in accordance with the terms of the Registration Rights Agreement dated May 8, 1998 between the Company and Morgan Stanley & Co. Incorporated, interest (in addition to the accrual of original issue discount during the period ending May 1, 2003 and in addition to the interest otherwise due on the Notes after such date) will accrue, at a rate of 0.5% per annum of the Accreted Value of the Notes on the preceding Semi-Annual Accrual Date, from November 8, 1998, and be payable in cash, semi-annually in arrears on May 1 and November 1 of each year, commencing May 1, 1999, until (i) the exchange offer is consummated, (ii) the shelf registration statement is declared effective or (iii) the date that the Notes become freely tradeable without registration under the Securities Act, provided that upon the request of any Holder of the Notes, the Company shall, in accordance with the terms of the Indenture, deliver to such Holder certificates evidencing such Holder's Notes without the legends restricting the transfer thereof. The Holder of this Note is entitled to the benefits of such Registration Rights Agreement. " Very truly yours, Glenn D. Rudolph Now, lets get this straight. Mary Meeker who works for Morgan Stanley, and has publicly stated that the 'Thing' is the next " MicroSoft" and "they will swing for the fences", has also unloaded $325mil Amzn junk bonds on WHO?? (Oh, I forgot to mention the $25 mil that Bezos handed back. They call it a fee. I call it a kick back). Please read the above. Who in the hell would buy this Junk?. Any savvy Junk bond investor would insist on a covertible priviledge. Meaning that they can convert the Junk to common stock at their request. I asked a couple of my Wall Street friends and all three said "it's highly unusual" considering the much debated risk. It was suggested that this Junk might have been kept inside Morgan Stanley!! The more I follow this 'Thing' I feel I'm on an Incest investigation. Kleiner,Perkins registered to unload millions of $$$ on the naive investor!. The Wal-Mart, Cio who allegedly stole WM's proprietary software and is already registered to sell $3.3 mil of the 'Things' stock!! If Bezos won't let anyone of his employees talk to the press. I wonder if he'll speak to the SEC?? By the time that happens this Billionaire.con man will be on the Cayman Islands and Wal-Mart, SEC, Junk bond holders or stockholders can't touch him there.