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

To: SilverAG who wrote (25125)	11/9/1998 1:35:00 AM
From: OtherChap	Respond to of 164684

>You can find the complete 2Q1998 SEC filing here: Yep. Retiring _this_ junk bond is going to be very dilutive if they intend to retire the entire thing by having a secondary offering. But then again, Bezos and everyone else certainly planned to have sold enough stock to retire long before those bonds ever come due. And the underwriters let this sort of scheme go on because they get a massive kickback...er, "fee" paid up front. Ain't america great. Reminds me of the savings and loan debacle.. People simply took out loans they had no intention of ever repaying, and the loan officers made these sort of loans to their co-conspirators and friends because the bank itself turned a blind eye- after all the government promised to come in and rescue any bad loans.. In my opinion, the sort of individuals who purchased these junk bonds aren't the sort of people who will complain to the SEC when their value goes to zero- sort of like complaining to the police that your roomate stole your unlicensed handgun along with the 10 grand in cash you just got for selling "hot" jewelry. Those sort of people tend to resort to more direct means of getting even if their money goes up in smoke. :)