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Originally Posted by elric
So from the recent news it looks like IBD has now acquired IBILL. From what I can gather they paid with 49% of IBD in a transaction valued at "$33 million" I think based on the value of IBD stock. Who knows if that number has any bearing in reality, but it's a lot of money.
According to some articles, IBILL was billing $280 million a month.
So it seems like there should be money in there somewhere to pay people who are still owed, right? I mean how much can they owe webmasters? $1 million? $5 million?
I mean, even if IBILL doesn't have the cash to pay us, they could still pay us in equity in IBD...
So aside from cybersocket, I was just wondering if anyone else is looking into it.
Anyone?
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Definately!
The purpose is two-fold.
1) Grab whatever off a liquidator, should that come first, or they pay by whatever means are available. I doubt shares are of value - IBD managed to lose their shareholders most of their investment over the last six months.
2) Should this, as it appears to be daily, end up as a criminal matter and charges filed, - to ensure those responsible are prosecuted and thrown in jail.
It's not always about money :-)