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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Ruck who wrote (17517)2/22/1999 7:46:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 18691
 
Not sure whether that is the the same ICC where softbank is invested. If they are for 5% or more - they had to file an SC13. The former "infosafe" now ICC had a subsidiary.... named ICC:

edgar-online.com

" In April 1997, the Company formed and purchased a majority
interest in Internet Commerce Corporation ("ICC"), which develops
Internet-based products and EC services focusing on electronic
data interchange ("EDI") and the electronic transmission of
business documents. ICC is presently a 83.3%-owned subsidiary of
the Company. ICC believes that its services will provide a lower cost
alternative to Value Added Networks ("VANs"), which are based on
high-cost, high-maintenance private network infrastructures
maintained by many large companies. "

"C. ICC Merger

The Board Of Directors approved the merger of ICC into the
Company pursuant to Section 251 of the DGCL, and the Consenting
Stockholders approved and adopted the Plan and Agreement of
Merger of Infosafe Systems, Inc. and Internet Commerce
Corporation (the "Merger Agreement") in the Consent. Pursuant to
the Plan and Agreement of Merger, the three holders of the 16.7%
of the shares of common stock of ICC not already owned by the
Company will receive, in exchange for each of such shares,
16.72474 shares of Class A Common Stock. The ICC Merger is
discussed more fully below. (See "The ICC Merger.")"

The 16.7% minority stakeholders are - unnamed - Softbank?

However, Infosafe (now, ICC) looked to acquire the remaining 16.7% of the ICC shares. ...

C.



To: Ruck who wrote (17517)2/22/1999 11:43:00 PM
From: Oeconomicus  Read Replies (2) | Respond to of 18691
 
Ruck and Christian, I see no evidence that either ICCSA or iChargeit.com have anything to do with Softbank. What lead you to think either one was the ICC listed on Softbank's site?

Another possible identity of "ICC" is ICC Technologies, a.k.a. Rare Medium Group, Inc. (Nasdaq:RRRR), but even there I don't see Softbank's name. Interestingly, they did have a rather complicated convert deal, but no need to go there.

Anyway, Ruck, did you have something more than the sbvc.com link? Perhaps did someone touting ICCSA suggest a connection?

Bob

PS: Christian, what led you to iChargeit.com? It also looks very mysterious, with lots of ties to OTCBB companies, but no clue from their Web site who they are, where they are based or anything.
PPS: I feel like I just got back from a snipe hunt.