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Technology Stocks : shopping.com (IBUY) -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (286)	12/20/1998 7:24:00 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 435

#1... misleading ..... newspaper in Orange County, California Copyright 1998 The Orange County Register Please send comments to ocregister@link.freedom.com This paper is bad mouthing the CO. They always show the glass 1/2 empty misleading the public and it makes it seem like they have a problem with people in Orange County getting a job.................... "The new line of credit — which would come from Swartz Equity Partners LLC — is contingent upon Shopping.com meeting certain financial criteria, according to the documents filed with the SEC. The company didn't explain what those criteria are and company officials could not be reached for comment ". WHER TEH HECK THE SEC documents said anything about SHOPPING.COM meeting certain financial criteria????????????????? BS...... In addition, on December 10, 1998 the Company entered into an Agreement for A Private Equity Line of Common Stock & Warrants Pursuant to Regulation D. The Commitment Amount is $60 million with an optional $40 million add-on with Swartz Private Equity, LLC. The Management of the Company believes that its current cash on hand will be sufficient to sustain current operations for the fiscal year ending January 31, 1999. The Company anticipates that if it can satisfy the conditions to the funding of the Private Equity Line of Common Stock & Warrants it will have sufficient cash flow to sustain operations for the fiscal year ending January 31, 2000. However, if it is unable to satisfy those conditions, the Company would need to seek additional funds in order to sustain its ongoing operations. There can be no assurance that such capital resources will be available or, if available, that such funding will be on terms acceptable to the Company. freeedgar.com. Next Previous