Quote:
Originally posted by Ludedude
Lessons are based in fact not wishful thinking.
Facts regarding iBill's desire to leave adult: "InterCept, which now says it's trying to "focus our sales effort on mainstream businesses." Plaintiffs lawyers are circling with the predictable shareholder lawsuits, many complaining of "material misrepresentations" and "false assurances" made by InterCept about iBill's dependence on porn (a press release at the time of the acquisition benignly referred to iBill's clientele as "Web merchants," while management claimed that adult sites represented less than 10% of iBill's transactions). " From http://www.forbes.com/home/2003/05/0..._0501porn.html
Facts regarding Intercepts "war chest": "InterCept(IBill) Shares Sink 49% as Company Cuts 2002 Forecast" From http://biz.yahoo.com/djus/030109/1624000702_1.html
Yep, iBill's system is a dinosaur from a technology standpoint; even more reason to try to support it better or be more communicative about the problems being encountered. Communications goes a long way towards having satisfied customers. Of course having guys like you prattle on by reading the company line has an effect too but I'll let you figure out if the 80% think that is a good thing.
Wax on, wax off Daniel-san.
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Accurate, informed, information, for you Ludedude. It appears you may need some -
Intercepts share price has risen 168% since March this year. Today it closed at $10.75 up from $4.00 in March. .
