To: AJ Berger who wrote (11006 ) 12/7/1998 12:03:00 AM From: Dixie7777 Respond to of 44908
First of all you are obviously not an investor here. Second, if you want to use a company to compare with TSIG, try to find one that's profitable. Obviously you have a blind side and are so obsessed with it you're looking for more miserable people like yourself to keep company with. You wont find them here. Thirdly, there really is a great chance that you're merely a very dysfunctional individual. I sincerely recommend you seek professional help and get an accurate diagnosis asap. The proper medication works miracles today. Finally, and for the second time, how much do you want for your shares? I and many others still don't believe for one minute that you have share one. Shares that were purchased before today! I may have buyers that are willing to pay you at parity, including your commission. FYI, here's some info on your winner... CDnow Ticker: CDNW Complete Financials: September 1998 Exchange NASD FY END DEC ISSUE DATA (11/20/98) PER SHARE DATA RATIOS Price $ 12.19 EPS (TTM) $ -2.62 P/E (TTM) NM 52W High $ 39.00 Div. Rate $ 0.00 Yield 0.00 % 52W Low $ 7.00 Book Value $ 3.59 Price/Book 3.40 Shrs Out 17.67 Mil Cash $ 3.37 ROE (TTM) -90.64 % Float 4.10 Mil Rev (TTM) $ 3.05 ROA (TTM) -67.77 % Mon. Vol 13.80 Mil Curr. Ratio 5.40 Beta NA LT Dbt/Eqty 0.02 BRIEF: CDnow is an online retailer of CDs and other music-related products with over 250,000 different items available for purchase through its web site. For the 9 months ended 9/30/98, net sales totalled $35.5M, up from $9.5M. Net loss totalled $30.8M, up from $4.1M. Revenues reflect growth of the Company's customer base and repeat purchases by existing customers. Losses are growing at the exponential rate of about twice as fast as sales. Higher loss reflects increased online and traditional advertising expenses. CDnow QUARTERLY SUMMARY HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars) REVENUE 1996 1997 1998 1st Qtr MAR 1,128 2,582 10,014 2nd Qtr JUN 1,352 2,965 11,610 3rd Qtr SEP 1,629 3,907 13,880 4th Qtr DEC 2,191 7,920 EPS (U.S. Dollars per share) 1st Qtr MAR -0.010 -0.050 -0.770 2nd Qtr JUN -0.010 -0.085 -0.550 3rd Qtr SEP -0.020 -0.220 -0.740 4th Qtr DEC -0.110 -0.560 All Share amounts prior to IPO are pro forma. FY'94 = 11 months due to 2/94 inception of operations. FY'97 Q's are being reclassified. DIVIDENDS EMPLOYEES Last Dividend Decl. $ NA # Employees 95 Last Div Ex-Date NA Sales/Employee (TTM) 457,095 Last Div Pay Date NA Net. Income/Empl.(TTM) NM CDnow EQUITY, OFFICERS & ADDRESS Common Stock no Par, 10/98, 50M auth., 17,674,405 issd. Insiders control approx. 52%. Grotech Partners IV, L.P. owns 15%. Initial Public Offering 2/98, 4.1M shares @ $16 by BT Alex. Brown. (As of 12/97) STD: $5.6M @ 12%; LTD: $190K @ 8% - 9%, $1.1M in capital leases. *NOTE: All Preferred stock convert. into Common upon completion of IPO. OFFICERS: Jason Olim, Chmn./Pres./CEO, Matthew Olim, Secy./Treas., Joel Sussman, VP/CFO, Rod Parker, Sr. VP, Michael Krupit, VP, Robert Saltzman, VP. TRANSFER AGENT: StockTrans, Inc. Company incorporated 1995 in PA. Direct inquiries to: Director of Investor Relations. ADDRESS & PHONE NUMBERS CDnow 1005 Virginia Drive Fort Washington, PA 19034 PHONE: (215) 619-9900 FAX: (215) 517-4499