Phirate - Sale of Credits

12/21/07 20:05

We explicitly permit the sale of Entrecard credits. It was part of the plan from day 1. We are watching all of this closely to ensure that things don't unbalance, and if they do some changes may need to be made, but overall we believe entrecard credits have real value, and thus dollar value. Exactly what that value is isn't clear at this time although we have our own internal valuation.