Quote:
Originally posted by Nickatilynx@Sep 22 2004, 02:59 PM
Looks like the company stopped trading...
Prior to buying the Ibill business this compnay reported this...
""At June 30, 2004 the Company has cash of approximately $5,009 and a working capital deficit of $200,345. The Company has continually sustained losses and has an accumulated deficit of $1,818,632 reflective of significant funds expended to develop and grow the Company's business. ""
In the sale notification..
""Pursuant to an amendment to the Agreement, Care Concepts has the option to rescind the transaction if iBill's audited financials statements, as compared to the unaudited financial statements delivered in connection with the transaction, show any material misrepresentation or if certain American Stock Exchange approvals are not obtained""
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Amazing lack of Due Diligence.
Nick it appears the best way to pilfer the sheep legally it is best to do it with a publicly traded company!