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Old 12-10-2004, 07:55 AM  
MickeyG
Confirmed User
 
Join Date: May 2004
Location: South Florida
Posts: 4,134
iBill Acquisition falls through

DEERFIELD BEACH, Fla. ? Media holding company Interactive Brand Development Inc., formerly known as Care Concepts, has called off its acquisition of beleaguered third-party billing company iBill, according to company filings obtained by XBiz.

http://xbiz.com/news_piece.php?id=6489

There are more details in this proxy statement

http://www.sec.gov/Archives/edgar/da...ractive_s3.txt

Can someone explain all this in english to me (I'm not looking for the usual ibill sucks, im looking for clairification as to whats really going on)

Seems like theres alot of backroom deals going on involving the ownership of ibill.
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