I happened to receive in my email a forwarded copy of a letter that was sent to all Tradia members, explaining that ITEX had purchased Tradia and would be taking over servicing their accounts as of May 6th.
Allow me to wax personal for a few minutes. Rarely do I take joy in the demise of any business or person. This week I’m taking exception. My long-time nemesis, Tradia, is finally gone. I have to say, I’m pretty stoked. I realize also that none of what I could say about the situation would be kind. So I’ll refrain. It’s enough to say Tradia will now be buried with the likes of all of the other ashes of former exchanges whose policy of piracy leads directly to their demise.
Let this be a lesson to us all: taking advantage of members and employees by spending large credit lines and doing bad deals is what will kill your exchange and gives the industry a bad name.