Mystery surrounds Dstore's future
- — 28 November, 2000 09:46
He said, however, that he hopes to finalise arrangements for the company's second round of funding by this week. The company is seeking $6 million in funding to add to the $23.1 million it raised in private investment in January this year.
According to the Australian Financial Review, shareholders, including Rebel Sports, LookSmart and ninemsn, met on Sunday night to decide the future of dstore, which according to the newspaper only has enough cash to survive until January.
However, Gold said there was no shareholder meeting on Sunday night, nor was there one planned. He would not comment on the cash flow of dstore.
Shareholders and investors in the e-tailer would not comment today regarding the alleged meeting.