Friday, May 20, 2005

Rumors on Watermark/Confluence

Rumors are this:
Confluence paid $15 million for Watermark. Watermark bought Dagger for $45 million 6 years. Somones job at Watermark, Jim Clark CEO, was to lose money so they had write offs for the parent company of Watermark Crescent Capital. Crescent Capital is owned by the Bank of Islam in Bahrain. They own a ton of stuff and just bought Chuck's Chicken in Texas for $400 million. They own a ton of other stuff.

Tell me those are not some great rumors.

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