Quote Originally Posted by basschick View Post
we don't actually know that what epoch did was underhanded. they have no agreements not to hire people who have or do work for competitors as long as they follow the law.
This is true... even if we look at this with no bias we can see a company that is taking moves to affect the stability and efficiency of another company in an industry where there are only 3 key players CCBill, Epoch, Verotel.

The moves of hiring key employees from a competitor, WHILE they work for the competitor is an aggressive business tactic usually performed to get the upper hand in industries/sectors that are saturated with competitors. This isn't the case in the online adult processing sector.

A very telling comment CCBill made "Paycom, CCBill’s largest and most direct competitor, has apparently decided to compete with CCBill through corporate raids..."

Do you know what a corporate raid is?

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Corporate Raid:

A corporate raid is a business term, sometimes also referred to as breaking a company. It describes a particular type of hostile takeover in which the assets of the purchased company are immediately sold off (business liquidation). The target company essentially disappears in the process.

This can be a profitable exercise if the company holds disposable assets or liquid investments that are valued higher than the company's current market cap. Examples would include companies holding valuable land or equipment, while their stock price is too low due to market factors. After taking a "hit" on their stock price for whatever reason, companies can become targets for a leveraged buyout.

Examples of this is an insurance company whose "float" or "reserves" are larger than the market cap or a real estate company or trust whose real estate could be sold for a larger sum than what the market cap of the company is. Source and more info here


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From CCBills comments we can see that things have happened behind the scenes to dramatically undermine CCBills stability.

This is NOT good for our industry at all. As things stand now it seems a very aggressive, greedy, and unnecessary tactic to gain market share and destroy a company. What are your thoughts?