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Originally Posted by scoreman
I just thought it was appropriate that this be said since you were making out like iBill has no role in your company at all. 39% is a big stake and your success means money goes to the folks running iBD. Many people here would rather not contribute to the bank accounts of Molina/Galinas/Granite etc.
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Scoreman,
I don't think you get it. They do not get anything from Penthouse.
In order to get out of bankrupcty- Marc had to make a deal with them.
But their common stock is worth nothing at all.
All the owners have preferred stock. I don't think they even have an anti-dilution provision.
trust me. We are not a front for, or working with those dudes.
Last year when it looked like those guys where going to take over - I left the company. It wasn't until Marc Bell took over that they could lure me back.
I have no love for those guys and wouldn't do business with them.