Jettis isnt the only one cashing out

[gonzo]

http://home.businesswire.com/portal/site/g...268&newsLang=en (http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20040730005268&newsLang=en)

[Mike AI]

Interesting, looks like a paper deal. If it is possible, it gives me even LESS confidence in Ibill.

[sperbonzo]

Originally posted by Mike AI@Jul 30 2004, 09:11 AM
Interesting, looks like a paper deal. If it is possible, it gives me even LESS confidence in Ibill.
I don't understand why. This is a good deal for them, and it's a JV stock move, so it will only put them in a better position to raise capital

[Mike AI]

Originally posted by sperbonzo+Jul 30 2004, 12:30 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (sperbonzo @ Jul 30 2004, 12:30 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Mike AI@Jul 30 2004, 09:11 AM
Interesting, looks like a paper deal. If it is possible, it gives me even LESS confidence in Ibill.
I don't understand why. This is a good deal for them, and it's a JV stock move, so it will only put them in a better position to raise capital [/b][/quote]


Do you really beleive this?

What capital are they going to raise? What is the capital for?

Epoch, Jettis, CCBill are not public nor did they have a need to access markets for capital.

Any company that has been sold more then once a year raises red flags for me.

I HOPE Ibill comes around as a stable processing company, the industry needs it. However, I will wait and see how things shake out over there.

[Dravyk]

Mike, time to move that "2.5 left" down to "2.1"

[Mike AI]

Originally posted by Dravyk@Jul 30 2004, 05:37 PM
Mike, time to move that "2.5 left" down to "2.1"


Yes indeed. Thanks for pointing that out!!