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[News] Amigan.comANN.lu
Posted on 26-Mar-2000 14:04 GMT by Christian Kemp2 comments
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Thomas Kisner writes: On April 3rd http://www.amigan.com will launch. [..] This web site is owned by the newly formed Grapevine Computers Inc., and will eventually include many features, at this point I'm not sure which ones will be operational at launch date. It is being run on a fully Pearl/CGI enabled Linux web server with a secure site certifcate for secure online purchases. The business model outlined below doesn't seem too trustworthy to me. My advice would be to be wary. Any comments/thoughts? The idea behind this corporation is that it will be 100% owned by Amiga users, and at launch date users may purchase shares of stock no matter where in the world they live (We've contacted the IRS on how to do this). We want to compete with the very few online vendors of Amiga products that have a monoply like effect selling upgrade parts and replacement parts for very high prices for classic Amiga. We will also be a dealer for the new Amiga. I've contacted Bill McEwen but I haven't heard back from him (he's a busy guy I'm sure), to get the offical Amiga blessing. All shareholders will get a discount on items for sale, and right now were planning on members of the board of directors getting products at cost. Shares of common stock will be sold for $1 US, and anyone can purchase a few as one share. It is a privately held close corporation, in in will operate pursuant to the Texas Close Corporation Act (my lawyer talking there).

Were also looking for a couple of people. One, someone to translate the site into German and and server as a coordinator and contact for operations for German. Second, someone to serve as a cordinator and contact for operations in England. Stock will be traded in consideraton for these positions, and they will eventually will be paying positions when we get off the ground. This is by no means full time (it's not going to be full time for me either, even though my girlfriend sure thinks it is). Interested persons can e-mail president@amigan.com . If their DNS servers are not updated yet, they can e-mail tom@grapevinecomputers.com .

Further details will be released on April 3rd on the website. Anyone having quesitons can e-mail me.

Thanks,

Tom Kisner, President/CEO
Grapevine Computers

Amigan.com : Comment 1 of 2ANN.lu
Posted by Dave on 25-Mar-2000 23:00 GMT
How can you buy shares if you do not give an IPO?!? Im sure there will be
some clever explanation but this sounds a little like:-
From: Someone_who_fell_for_this_already
To: Thicko
Subject: "Send me $10 and cc this to seven of your friends and Ill send you the secret of getting rich quick!"
Or maybe this is a club oriented idea? I dont see that the online vendors of
Amiga products have a monopoly - there is just such a small market there are
few of them and they cannot afford to produce competing products hence they
resell each others.
Dave.
Amigan.com : Comment 2 of 2ANN.lu
Posted by Anonymous Dog Vomit on 26-Mar-2000 22:00 GMT
In reply to Comment 1 (Dave):
Anyone can buy shares in a company if the shares are offered to them by the corporation and it's agreeable by the rest of the shareholders. It doesn't have to be a public company.
This is the statement that worries me:
* We want to compete with the very few online vendors of Amiga products that
* have a monoply like effect selling upgrade parts and replacement parts for
* very high prices for classic Amiga. We will also be a dealer for the new
* Amiga.
The very few vendors that are left are left because they have been marking their product up the appropriate amount of money in order to stay in business. If they were to sell thigns cheaper they would probably A) not find it worthy enough to stay in the business or B) go out of business
This 'deal' sounds like a couple of people who didn't exactly think their business model through. I fail to see how they can survive by selling things cheaper than they already are. It's not like they are going to actually sell more, or siginifantly more to make the increased volume make up the drop in retail price.
And what's the point with issuing shares? That doesn't exactly make any sense either.
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