July 12, 2001

Is EBIZ about to collapse?

Author: JT Smith

EBIZ CEO Dave Shaw has written an open letter to company shareholders, addressing inquiries about the dramatic plunge in the company's stock price. Shaw says that the company has received commitments from investors for working capital since the start of the year, but to date, most of those promises have not been fulfilled. Bottom line: "Without additional working capital the company is not viable as it is currently structured." Among other ventures, EBIZ owns and operates the LinuxMall.com commerce site.


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