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Hmmmm interesting.
Does the "Intercept Payment Solutions Merchant Services Division" consist of the portion that is Ibill? or the portion that is not Ibill? Anyone call for clarification?
It's curious why the "Ceo and others" want to spend ~$40mil of their own money to buy that portion of the company from shareholders.
ICPT got screwed when they bought Ibill -- Visa regulations were right around the corner & that took a huge chunk out of the value of the deal. Maybe it was already known, disclosed & calculated into the deal -- but I doubt it.
So my question is what is about to happen to the 'Payment solutions merchant services divsion' (and all the other divisions that stockholders will be left holding).... if anything?
Alot of people talk about crazy things set to happen in March regarding CC processing.... well this is very indicative of *something* being up.
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