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

To: Glenn D. Rudolph who wrote (35235)	1/17/1999 4:42:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> They can raise additional cash for operations; correct? Sure. They just can't use that cash to pay off their junk bond debt. It's a standard clause in most junk bond offerings intended to protect the holders from dilution. But then again, it is my opinion that Bezos and the rest of the gang never had any intention of repaying that debt- Bezos and the rest of the insiders will be retired to the cayman islands before that debt ever comes due. (It's also my opinion that Amazon was never intended to be a profitable business, merely a profitable stock.)