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desen satz solltet ihr mal genau lesen , ok




Why didn’t you keep members informed?
Under the moratorium, we were obliged to suspend all activities. Unfortunately, that included communication with our members

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hab ich aus der homepage von lbc


www.letsbuyit.com






How much money have you raised in this round of financing?
Approximately EUR 52 million which, in the current climate for dotcoms, is a great endorsement of market sentiment towards LetsBuyIt.com.
Does this take you through to profitability?
Yes - we expect it to take us to a cash flow positive situation.

What are the terms of the investment?
They are in the statement we released. Further details outlining the structure of the deal will be announced shortly.

Who has put up the money?
A consortium of new and existing investors who believe in the LetsBuyIt.com concept.

How much of the company have you had to give away?
Further details outlining the structure of the deal will be announced soon.

When do you expect to reach profitability?
November 2002.

Who will run the company now?
John Palmer will act as CEO. The remainder of the management board will be announced in due course although there is a temporary management board in place.

How many offices will you shut?
We are keeping the offices in London, Paris, Stockholm and Munich open and expect to be able to have a European reach from these offices.

How many jobs will be lost?
We expect that around 200 staff will be made redundant across Europe.

How many employees will be made redundant in the UK, France, Germany and Sweden?
That has not been decided. Although I would like to say that the UK/France/Germany/Sweden market is very important for us.

Will customers still waiting for purchases get what they asked for or be fully refunded?
We are undertaking a structured programme of systematically contacting our customers who will either receive what they ordered or be fully refunded.

When will the site start taking orders again?
In Germany, the UK, Sweden and France, we will start taking orders again in the near future. In the second quarter of 2001, we will resume trading in the rest of the LetsBuyIt.com countries.


Will the company continue selling the same type of products?
We are working on our range or products. A further announcement outlining the specifics of the new company going forward will be announced in due course.

How much has Kimvestor invested?
Kim Schmitz invested EUR 1.2m. He has not invested in this round of fundraising.

Why not?
We are aiming to get a broader investor base and attracting a large number of people wanting to invest.

What is the process of moving out of administration?
Our lawyers are currently preparing a request for the withdrawal of the moratorium. We will inform the public about further steps as soon as possible.

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noch etwas an text
FAQs on the Provisional Moratorium





I am still awaiting a delivery/refund/compensation. Where is it?
Until the moratorium (see below) is lifted we cannot deal with specific customer enquiries. However, we can assure you that it will be our first priority to contact you as soon as we resume normal operations. If we cannot deliver the product you will receive a full refund.

General queries on the moratorium:

What’s going on? Is LetsBuyIt.com still in business?
Emphatically, yes. We are still very much in business, but since December 29th, LetsBuyIt.com has been under a moratorium which forced us to cease trading and freeze operations across Europe. At the moment we are waiting for the moratorium to be lifted so that we can resume normal service.

What is a moratorium?
By definition, it is a legally authorised postponement of payment of debt. It means that all activity has to be suspended. In LetsBuyIt.com’s case the moratorium was granted by Dutch courts to our holding company which is registered in The Netherlands.

What was the point of a moratorium?
The moratorium provided a breathing space in which to assess the company’s finances, and enabled us to raise enough money to continue. In fact, the response from investors has been so positive that we have enough funds to see us through to profitability towards the end of 2002.

If you have the funds, why hasn’t the moratorium been lifted?
The legal process doesn’t always move as quickly as we would like. We have applied for the moratorium to be lifted and are confident that the Dutch courts will accept our application very soon.

Why didn’t you keep members informed?
Under the moratorium, we were obliged to suspend all activities. Unfortunately, that included communication with our members.

When can I buy something?
As soon as the moratorium has been lifted we will make every effort to resume normal trading. We might not have a spectacular range of co-buys immediately but bear with us as we build up the collection.

How can I be sure it’s safe to buy?
It is perfectly safe to buy. LetsBuyIt.com is on a very firm financial footing. Additional investment of over £30 million has been secured which should see the company to profitability. LetsBuyIt.com is a publicly owned company which floated on the German stock exchange last year and is subject to the same rules and controls as any other public company. The moratorium, whilst frustrating for all concerned, was an example of a company acting in the best interests of its creditors, which include individual shareholders and customers.

What is the future for LetsBuyIt.com?
We strongly believe in the potential of LetsBuyIt.com. Over a million members aren`t wrong. Now we have additional funding, we aim to resume normal operations very soon, and the future looks extremely bright.


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