A Year Ago: Lastminute.com left red faced as cheques bounce

NEWS Tales of Martha in expensive shoes, dramatically dipping shares and now... the bouncing cheques The increasingly bizarre tale of Lastminute.com took twist another last week when a number of investors were accidentally sent cheques from the company, which bounced. The problem, according to Lastminute.com, was nothing more sinister than an administrative mistake. The cheques were sent to investors as a reimbursement for shares they applied for but were not allowed after Lastminute.com restricted the number that could be bought. A spokesperson for Lastminute.com promises this does not indicate the company has gone down the drain, despite a desperate few weeks on the stock exchange. "This wasn't to do with Lastminute not having enough funds in its bank account," says a spokeswoman. She adds that just "three or four" cheques were accidentally cancelled. "We credited those people immediately," she reassures. Have your say instantly, and see what others have said. Click on the TalkBack button and go to the ZDNet News forum. Let the editors know what you think in the Mailroom. And read what others have said.

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