Odimo sells Ashford.com for $400,000

[barefoot]

http://www.miamiherald.com/416/story/81036.html

 

[WeBuyThe.Com]

Interesting: These guys sold Diamond.com and WorldofWatches.com last year in separate transactions valued at almost $10 million...

 

[Gerry]

It has $74 million in loss carryforwards, which a business -- for tax purposes -- could apply to future profits.

What a hoot! My God, think of the revenue you have to have to have much in loss carryforwards.

On paper, they are worthless. This is some very creative accounting. I want their CPA to do my taxes next year, and the next, and the next...

 

[Creature]

Nice to see such a big sale.

 

[AlienGG]

smart investors.

 

[Duckinla]

On paper, they are worthless. This is some very creative accounting. I want their CPA to do my taxes next year, and the next, and the next...

Well apparently they don't do anything. They are probably just selling their assets to pay bills while they hope for someone to take them over.

 

[AlienGG]

Kill itself softly, Odimo.