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Technology Stocks : BillServ.Com(BLLS) Going for the EBPP Market Small Billers
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To: Thomas Hemler who wrote (532)9/11/1999 5:06:00 PM
From: EPro  Read Replies (2) of 918
 
The private placement has been discussed on the ragingbull board for some time, with the information apparently based on calls to blls investor relations. For example:

Billserv.com (BLLS) Message List Raging Portfolios - Track your stocks here New!
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By: bhodde
Reply To: 890 by charlesja Tuesday, 7 Sep 1999 at 8:25 PM EDT
Post # of 975


Chas is right.

The private placement is being offered in terms of $50K blocks and a cutoff of 9-24. However, that does not mean there will not be additional cutoffs. The company is seeking $10-15 MM (equity only, based on a 10 day moving average of closing prices), initially with an offer of warrants, but any major player could seek more favorable terms. The $10-12 mil should be raised by late September or early October, 1999.

A small cap listing will likely follow shortly thereafter, possibly in October IMHO.

Also, I was apparently mistaken on the charge to customers. I do not understand the logic, but I read the article.

BLLS is poised to strike, but it will make no money for a long time. That does not mean the stock price won't move up well in advance.

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

Its a pretty good board.
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