I like this recap better....
Ok, so here's the short version of the IBill conference call:
GKard is the way they are going forward. That appears to be the main focus of the business at this point. They say the traditional IPSP is outmoded and will need to be replaced by something like GKard.
They spent quite some time talking about how they weren't going anywhere. That they were in this for the long term.
Then they said that all payments from 11-1 to 11-15 would be paid on 12-1.
Then they said all clients who are sending signups will be paid the past due balances starting December 1st... over a 12 month period. There will be promisary notes available which include 6% interest.
Or you can convert your past due amount to ibill stock.
Note:
There was no mention of the money they took in through signups/rebills between 9-15 and 11-1. That money should definately be available as it was processed through their new bank.
All questions should be sent to this e-mail address:
[email protected]
Let me save you the email to them for more clarifications.
Heres your options....
1. Take the payment option offered
2. Take all the money owed you and buy stocks in their company
3. Get a lawyer and go through litigation courts