July 24, 2001

Dear Tiny-Mongrel,

The recent news of your stock being suspended on Wall Street due to a continued failure to meet expectations, for lack of a better expression, chaps my hide! I took both my wife's and my savings as well as our children's college funds and invested them exclusively in Tiny-Dog.com stock early on when the price was $75 a share after the price nearly tripled following its IPO. We watched as it steadily declined, but felt that it was a still a sound investment because we saw ad after ad for Tiny-Dog.com on television including the 5 part cliffhanger that aired during the Super Bowl. Now the stock is trading for 1 1/8 a share and has recently been suspended by the FTC. To put it simply- We lost everything!

I want you to know that you have squandered an entire family's savings on your lavish techno-parties, excessive first class jet travel, and overvalued upper management salaries. While the 250 page annual report makes a nice coffee table book, I feel that money used to produce this hardback, holographic covered, full color, oversized book that was distributed to every shareholder (even those holding just 1 share) could have been better used to grow your customer base. And what about Tiny-Dog.com Stadium in Atlanta? As I understand, your company paid a record $14.9 million to secure the name for the next 25 years. How is that kind of expenditure going to put my kids through college?

I would like to know how you plan to remedy this situation! If something is not done, my family and I will be forced to sell our house to pay off our credit card debt as well as other loans we took out based on the hope that your company's stock would soar. We will be lucky to scrape together enough money to finance a trailer and move to a trailer park. And what about our children's educations? They will now not even be able to finish high school because they will have to take full-time jobs to help support the family.

YOU MUST DO SOMETHING!!!!

signed,
Angry In Wyoming

____________________________

Dear AIW,

We at tiny dog deeply feel the pain of our financially discerning shareholders during this temporary blip of minor market instability. You have our deepest assurances that the era of unsustainable web-based business models with no profit potential is on the cusp of returning to the dizzying heights of investor fashion. Meanwhile, hold on tight and feel the wind in your hair-- think of this investment not as an investment of mere lifetime earnings, but as an investment of faith in the grand ideas of young, inexperienced businesspeople and silly technologies. Remember that life, and investing, are not merely about the destination. They are about the ride, be it wild or be it mild.

Signed,

tiny dog.

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