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Originally Posted by SmokeyTheBear
doesnt ibill own part of xvid ? how well is that doing, i heard it was going good.
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"On March 31, 2005, we acquired a minority equity interest in Interactive Television Networks, Inc., formerly XTV, Inc.,...
We acquired 6,250 shares of XTV, Inc., currently known as Interactive Television Networks Inc., common stock from XTV Investments, LLC. Our investment represents a 25% equity ownership of ITVN, in exchange for 4,000 shares of Convertible Preferred Stock Series H, which will convert into 40,000,000 shares of IBD common stock, and
$1,700,000 in cash. Forty million stock purchase warrants were also issued to certain parties affiliated with this transaction with an exercise price of $.50 per share."