Neteller Update...

[smartalecc5]

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Just a thought, who is receiving the interest off the $75 mil?

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not me.

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[BigBiceps]

They took our money. That is what is going on.

Almost 4 months now of holding my money hostage with no real reason.

[yahboohoo]

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Almost 4 months now of holding my money hostage with no real reason.

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If you're waiting for an official statement that this is all about money, power and political grandstanding, you may be waiting a lot longer than four months.

[Sniper]

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They took our money. That is what is going on.

Almost 4 months now of holding my money hostage with no real reason.

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Biceps, no reason?... what about the DOJ...

[Vince.]

When is the next date for the supposed trial that keeps getting postponed and when is the 75 days up?

[yahboohoo]

Monday, June 4 is the deadline for the announcement of NETeller's 75 day plan.

Tuesday, July 10 is the 270-day deadline for the US gov't to release
details on UIGEA (assumes the countdown started
on October 13 when Bush signed it into law).

Monday, July 16 is the deadline for NETeller to resume trading shares or
be delisted from AIM.

[Sniper]

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When is the next date for the supposed trial that keeps getting postponed...?

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Next week, either the 15th or 16th...

[yahboohoo]

Well, yeah...That date too, but I'm just assuming they'll buy more time.

[NesOne]

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Monday, July 16 is the deadline for NETeller to resume trading shares or
be delisted from AIM.

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Would I be correct in assuming that some sort of management buyout would have to take place if Neteller does not resume public trading of the stock? Does anyone know what Neteller's market cap was before the stock was suspended? Does the management have the funds for an MBO or would there need to be debt or private equity financing? It seems that having this situation with the US customers unresolved would make it more difficult for them to get financing at the rates they might want? So, unless they have the necessary funds to complete an MBO without need of financing, it definitely would seem to be to Neteller's advantage to bring this situation to a close within the next couple months even if they are not planning to remain publicly traded. Whether or not the DOJ will let this happen is a different issue...

[Sniper]

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Would I be correct in assuming that some sort of management buyout would have to take place if Neteller does not resume public trading of the stock?

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I haven't taken a look at the specific AIM process wrt delisting, but the answer to your question is no.