Not A Flashback: Not Dead Yet

Pop quiz: Whatever became of, one of Bubble 1.0 ‘s most infamous stories?

We know, we know – we would have failed this one,  too.

Turns out the company (here’s an excellent history, via Wikipedia) is still extant, technically speaking. That is, someone — that’d be CEO Michael Egan, presumably — cares enough about it to keep filing statements with the SEC, even though it’s long been mired in penny stock status (2 cents a share, according to Yahoo Finance, giving it a market cap of $3.5 million).

Hence this mind-bending 10-Q, where the company explains that it’s in particularly desperate straits and now needs a baffling series of transactions to escape. Except that even those maneuvers won’t be enough: It will still need a capital transfusion to keep going past the end of this month.

Anyone want to invest? Here’s what you get, from what we can tell:

  • A  mountain of of debt.
  • A lingering class action suit that dates all the way back to August 2001.
  • Control over the url, currently occupied by placeholder site full of dead links
  • The “.travel” domain

Any takers?

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