scardog:
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What is Ibill's incentive to prolong this if in fact they are going out of business, which I hope they are not?
Why not just shut it down, file bankruptcy, and leave with the loot? Why set up Gkard? What would be the point of that? I continue to believe that they believe they can turn it around. Where am I going wrong?
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First - they sure as hell ain't leaving with no loot!! :-) I'll screw every company officer into a jail cell if they do!
When folks have assets, whether these are just a load of worthless paper shares in reality or not, - they will try their hardest to keep some value in that paper and cover their asses up to the 11th hour.
I doubt it, but who knows, that it's just a matter of bankruptcy. There are options using US law to stay afloat on an artificial basis, and probably the rep of the parent company and it's officers etc to consider.
Who knows, but I suspect there will be some form of iBill left at the end of the day - possibly yet another company restructing and change of management :-)
If you had spare cash - would you dream of dumping it into a corp with the rep that iBill has now????