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Ichance borrows $25k to put through merger with AngelCiti

Discussion in 'Gaming Floor' started by mary, Dec 7, 2002.

    Dec 7, 2002
  1. mary

    mary Dormant account

    Updated filings have been made at the SEC site. Ichance has borrowed an additional $25k to pay the merger costs; it has to be returned if the merger does not go through. AngelCiti repeats that it is in the red.

    I still think AngelCiti is going to dump RTG as soon as they get the Futurebet software up and running. It's an expense they can cut; it's in their interest as a merged entity to promote and demonstrate faith in Ichance's software; and more casinos are doing it without known repercussions.

    Of course they are going to deny this right up to the point of the jump.
     

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