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Here's a logical question ...
If you are in no way affiliated with iBill 1.0, how do you know you have enough money to cover the claims? Only insiders would know that info!
Did the board just say "however much it costs, just do it?" That is not a sound business decision. A sound business decision would have been for a startup to avoid using the iBill trademark and name altogether.
The failure to make sound business decisions is what lead the the implosion of iBill 1.0
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