Re: Internet Holdings Corp Agrees to Acquire Elysium Internet, Inc. in Stock for
posted on
Feb 13, 2008 06:46AM
When a bank issues a note to a loan recipient they also usually charge interest....USBF is buying "elysium...and its portfolio" from FTS Group for $1m+ via a loan from the seller, as well as turning over 60% of USBF ownership.....No money has changed hands, but USBF "owes" $1M+
It makes sense to me that when you buy something YOU have to PAY....believe me when I say that FTS Group is not "paying" USBF $1M+ to take a "profitable high margin company off of FTS Group's hands....jeez guys, its common sense....