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Post# of 4979173
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RDG013

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RDG013

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Re: Art2Gecko post# 74182

Wednesday, 06/30/2004 9:30:38 AM

Wednesday, June 30, 2004 9:30:38 AM

Post# of 4979173
Art, it is doubtful that IBII entering into a factoring agreement last week brought the volume. Basically, they just obtained non-traditional financing that will enable them to get immediate cashflow from generated A/R. It is far more flexible than a traditional bank line, but at a higher cost. The good news is the share structure should not be effected by the agreement. Hopefully, IBII can use this to grow w/o dilluting the investors, which a line like this is intended to do.

"Once in a while you can get shown the light in the strangest of places if you look at it right?"

- Jerry Garcia



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