TeacherTim,
I just filed my complaint and faced the same problem you mentioned. My response was to paraphrase (edit out some stuff) jjorden's helpful posting several threads ago and said the following:
Please read what shopps.com filed with the SEC about their ability to purchase goods or to even run the web site:
http://www.freeedgar.com/Search/Fil...Filed=&CompanyName=AMCI+INTERNATIONAL+INC
Please look at the annual report they filed. (The link worked when I tried, but if it doesn't, go to the underlying link
http://www.freeedgar.com and search for AMCI.)
Here are some excerpts. --THEY HAVE NO MONEY !
<< As of the date of this Form 10- KSB, the Company is insolvent and its ability to continue in business will depend on the raising of additional capital, either in the form of debt or equity, or a combination thereof. However, no assurance can be given that the Company will be successful in raising additional capital or remaining in business. Management of the Company believes that its ability to raise any capital will be dependent upon the acquisition of complimentary businesses, particularly in the internet telephony business. While the Company has identified several targets, it has been unsuccessful to date in reaching any agreement. (P. 3)
Currently, the site is not operational in view of the Company's financial difficulties. (P. 5)
At this time we are unable to purchase and ship merchandise for the ecommerce site. The telephony service is presently down until funds are available for a deposit for additional service from the carrier. P. 12)
The Company was financed by sales on its websites, sales of its telephony service and financing from Shopss Israel. When Shopss Israel collapsed, the sources of money became unavailable. This has put Shopss.com, Inc in jeopardy of survival. As of May 1, 2000 the Company was past due on payroll. It has no operating funds available. It is past due on its payables and a skeleton staff is working with no salary to maintain the operations of the Company. (P. 11)
At this time we are unable to purchase and ship merchandise for the ecommerce site. The telephony service is presently down until funds are available for a deposit for additional service from the carrier. (P. 12) >>