thought came up when reading the basher junk at RB lol -
they doing a good job I think getting my brain jumping stirring my thinking more ............hmmmmmm
When news hits about the asset purchase agreement being a done deal or any other positive news the bashers will be chasing to buy after the gap and run starts IMO.......
from the filing:
ASSET PURCHASE AGREEMENT
This ASSET PURCHASE AGREEMENT is entered into and to be effective as of December
9, 2003 (the "Effective Date") between Global Debit Cash Card, a wholly owned
subsidiary of INTERNET BUSINESS INTERNATIONAL, INC., a Nevada corporation
(collectively referred to as "IBII"), and DEBIT CARD MARKETING COMPANY, INC. a
privately held New York corporation ("DCM").
RECITALS
WHEREAS, DCM owns certain assets relating to its business and DCM wishes to sell
its assets to IBII,
WHEREAS, pursuant to the terms and conditions of this Agreement, IBII desires to
purchase from DCM the asset,
NOW THEREFORE, in consideration of the promises and the mutual representations,
warranties and covenants set forth herein, IBII and DCM agree that:
AGREEMENT
1.SALE OF ASSET; RELATED TRANSACTIONS.
------------------------------------------
1.1 PURCHASE AND SALE. Subject to the terms and conditions contained herein,
-----------------------
IBII agrees to buy and DCM agrees to sell to IBII the Assets described herein as
the Anonymous Debit Cash Card, the Chex First agreement, the Senior Plan
agreement and the DCME Stock, assets of DCM (collectively the "Assets")
including the contracts, rights, and properties, more specifically described in
Exhibit A to this Agreement.
Lets see now - IBII has a subsidiary -Global Debit Cash Card
They get these assets
Why what for???
To make this subsidiary OPERATIONAL imo.......
IBII RIGHT NOW CEASED OPERATIONS-
WHAT HAPPENS BASHERS WHEN IBII GOES FROM CEASED OPERATIONS TO OPERATIONAL???????????
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM???
I said b4 I was about 80% technical and 20% other dealing with stocks - here is the 20% other:)))))
Just My thoughts - we shall see looking past 1 day ....... |
