Making the Kozmo investment all the more surprising was the fact that the company was in dire financial straits in the summer, when Burdo took over as chief executive.
12.
But executives close to the deal said that Burdo and other Kozmo officials became so concerned after reviewing Urbanfetch's finances that on Thursday they halted preparations for an announcement.
13.
In a statement released Wednesday night, Gerry Burdo, Kozmo's chief executive, put the blame for the failure on the public markets and the company's founders.
14.
"Burdo " operated along the Atlantic coast carrying out training exercises and mock landings during December 1945 through October 1948, with the exception of three trips to the Caribbean.
15.
The deal was so close that last Wednesday, Gerry Burdo, Kozmo's president and acting chief executive, visited Urbanfetch's London headquarters to review the company's books.
16.
Over the next several years, " Burdo " engaged in amphibious operational training along the eastern seaboard, conducted six Caribbean training cruises, and had another tour with the 6th Fleet.
17.
CEO Gerardo Burdo wrote in a letter sent to all employees this week . " Fortunately, we are making the decisions today that will put us on the road to success tomorrow ."
18.
"Given more time and more hospitable market conditions, Kozmo would have succeeded in rounding the corner and would have continued to grow, " said Gerry Burdo, president and chief executive of Kozmo.
19.
This site was partially excavated by M . Shmaglij and N . Burdo between 1981 1989, during which time three dwellings and two " bordei " ( earth-sheltered dwellings ) were discovered and examined.
20.
Robert Greene, a partner in Flatiron, a Silicon Alley venture firm, said Friday that he was " extremely bullish on Kozmo " because Burdo had been able to reduce expenses and increase profit per order since the summer.
