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palawrence - Wed, 01 Jan 03 :

Trough

The reason for character assassination as you call it is the hysterical paranoia of people such as yourself. There is no pre-qualification for posting here and the more you say that people do no have the right to post because of a lack of "vested interest" the more they are likely to want to do so.

QXL is a company that raised over £100million a few years ago, and has now achieved a turnover of less than £2million a quarter with expenses at least twice that, having lost all of the money it raised (the balance of approx £6.8million at 30 Sep 2002 is less than the amount of money from the bond and EC drawdown). This is a financial BB, most people who would place business with a on-line auction house do not visit these places. The reason for the lamentable performance of the share price rests with the Company's failure and that alone.

You have absolutely no reasonable grounds for believing that the company is close to being "turned around" but bleat on about having sufficient evidence for litigation if the February results show that the UK site has under performed. You should really get out into the real world and realise that a company is responsible for its own performance and to try and place the blame on a nebulous group known as "de-rampers" is so laughable as to bring about the derision and scorn you rightly deserve.

QXL needs to prove that its business model works and that it is capable of surviving and prosepering in the market place, until it does none of the "blue sky" scenarios you wish for have any prospect of happenning, but get real and remember this is a financial BB not something that will affect that one way or the other.


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