http://nxcd.client.shareholder.com/edgar.cfm Did not know that NXCD entered an agrrement with Amazon for a co-branded cc. That Amazon also entered an agreement to invest into NXCD. Also looks like money was earmarked for the rewards program. All in all gives a good look at the rise and fall of Nextcard. Best regards, Mirage
Interesting reading - thanks. "We are also actively exploring strategic alternatives, which might include a merger, asset sale or other comparable transaction or a financial restructuring. Any such strategic alternative is likely to include us making a chapter 11 bankruptcy filing." "As of December 31, 2001, we had an accumulated deficit of $409.8 million. Since we currently have no clients for our proposed new business and no source of funding for our proposed operations after termination of the FDIC Service Agreement, we expect to incur net losses for at least the next year and there can be no assurance that we will ever be profitable." Saar
