DESK 2 — FILE OPEN
FOLDER P-1109CASE #2000-1109SHELF 4 / ROW C
BUREAU OF COMMERCIAL DEATHS
DIVISION OF COLD CASES / FORM 41-D / DEATH OF A GOING CONCERN
CASE NUMBER
CASE #2000-1109
SUBJECT
PETS.COM, INC.
DATE OPENED
August 1998 — San Francisco, California
DATE CLOSED
November 9, 2000
KNOWN ALIASES
IPET (NASDAQ); absorbed Petstore.com
INVESTIGATOR
Det. Redact
CAUSE OF DEATH
Subject sold forty-pound bags of dog food below cost and shipped them by air.
PEAK VALUATION
$300,000,000 (February 2000, first day of trading)
ASSETS RECOVERED
Approximately $0.10 per share; mascot sold separately
EVIDENCE SUMMARY
Subject lived 268 days on a public exchange.
Marketing expenditure exceeded revenue by a factor of three. A national advertisement was purchased for the 2000 Super Bowl at a cost exceeding one quarter’s sales.
A puppet was recovered at the scene, intact and undamaged.
Remainder of statement sealed:
DESK NOTE — INVESTIGATING OFFICER
Shipping. It was always shipping.
FILED BY Det. Redact · BADGE 0001NO FURTHER ACTION AUTHORIZED
PROPERTY OF THE BUREAUDO NOT REMOVE FROM ROOM 0114
MARGIN NOTE — INVESTIGATING OFFICER
The puppet is still working. It has done commercials since. Somebody should look into how that happened.
EXHIBIT A — the sock puppet never saw it coming.
EVIDENCE TAG
ITEM P-1109
SUBJECT PETS.COM, INC.
RECEIVED 2000
CONDITION AS FOUND
SUBJECT PETS.COM, INC.
RECEIVED 2000
CONDITION AS FOUND