Letsbuyit.com 始める，決める to pull the plug

By James Mclean
Updated: 00:00 BST, 17 January 2001

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Letsbuyit.com, the cash-strapped London-based internet retailer, is 均衡を保った to pull the plug. The company, 登録（する）d in the Netherlands, is to とじ込み／提出する for 破産 with an Amsterdam 法廷，裁判所.

However, a source の近くに to the 会社／堅い said it is in last-minute 会談 that could 産する／生じる a 救助（する） ahead of the 法廷，裁判所 審理，公聴会 on Friday. 'They 港／避難所't given up the ghost yet, they're still in final 行う／開催する／段階 会談 with 投資家s and remain 楽観的な,' the source said.

The 決定／判定勝ち（する） to とじ込み／提出する for 破産 was based on the findings of Letsbuyit's 行政官／管理者s, the company said. A 広報担当者 said the Dutch とじ込み／提出するing was 推定する／予想するd to be 'the first in a 始める，決める of 支配s' for its offshoots in 13 other countries.

The 会社／堅い had 示すd on Tuesday that it was の近くに to striking a 取引，協定, but hopes faded after the 可能性のある 救助者 failed to 会合，会う the 最終期限 to 答える／応じる to its 提案s.

Letsbuyit.com, whose website の近くにd for orders before Christmas as 基金ing 乾燥した，日照りのd up, had been in 会談 with French Dealpartners.com and Norwegian CoShopper. The company had been looking for cash to cover it until its 事業／計画（する）d break-even in the last ４半期/4分の1 of 2002.

CoShopper said it might still be 利益／興味d in 選ぶing up some of the pieces, either as a 解雇する／砲火／射撃 sale or as part of a 救助（する） 取引，協定.

Letsbuyit's とじ込み／提出するing raises question 示すs over its （人命などを）奪う，主張する last month that it was 'prudently' 捜し出すing 保護 from creditors while it still had cash 資源s totalling an 概算の 15m euros (£9.6m) on 手渡す.

The company raised about £41m from a flotation last July but spent lavishly on advertising featuring its trademark ants, while sales continued to disappoint.

Letsbuyit 株, 名簿（に載せる）／表（にあげる）d in Frankfurt, are 一時停止するd at 47 euro cents, valuing the company at just over 8m euros, compared with 115m euros six months ago.

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