Quote:
Originally posted by rowan
I just noticed this, I've emphasised the relevant bits for the goldfish:
Am I reading this right? ibill are paying a fine from webmaster's 10% rolling reserves? Shouldn't this money be held in trust?
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No. They are paying a fine out of the reserve amount held by the bank. They are also saying that the bank is not demanding further funds outside of the remaining deposit.
Resolving these matters is actually good news, and their stock was up 50 cents a share today. Some people made a lot of money.