QXL - WHERE IS DAWKINSP? (20p prediction by Xmas 2001)

market maker

you havent a clue have you. QXL have taken up ALL the 3 tranches of the bonds. At the end of Q3 (31/12/01) they have approximately £17m in the bank. So in the next 6 months they will burn appx another £8 million (£4m a quarter). Leaving £9m and depleeting. In plain english £9m is less than £15m.

AND if you hadnt noticed, QXL arent expected to breakeven till late 2003 and early 2004 (QXL's own words). So tell me, till then where is the working capital going to come from if they will redeem the £15m.

Market maker, your comments alone show how financially inept your really are. Try to produce some some sensible figures that are credible instead of producing random ramping guesses.

Saying QXL will reach profitability in the near future is a naieve comment. Further, whose words should we take more seriously : QXL who say they will breakeven in late 2003 early 2004. OR some novice/amateurish ramper who provides generalised statements.

ummmm thats a difficult one.