Diamond.com Going Public

[pricescope]

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"Odimo said it plans to use the proceeds from the IPO to pay back debt and for general company purposes.

The company reported a loss of $14.1 million on sales of $10.4 million for the three months ended March 31. In the comparable period last year, it lost $2.8 million on sales of $7.6 million."
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Full article

 

[strmrdr]

another dot.bomb going to take a lot of suckers for a lot of money.
What ever happened to getting successful before going public?

 

[Dancing Fire]

do they need a CEO? all i want is a 2 ct H VS1 as a monthly salary,i don't want any of their stocks, because at this rate by the time they reach $140 million in sales, they would be losing $100 million per quarter and they'll go bankrupt in short period of time. it's either selling dimonds is nonprofitable or they have terrible businessman running this operation.

 

[Iceman]

The guys from Enron are called crooks but you know how many Dot.bombs run by 20 year olds took us all to the cleaners and new they were !

Who owns diamonds.com ?