Case Name: TRAVELBIZ SOLUTIONS, INC., Appellant, v. CLICK INTERCONNECT, INC., Appellee
Court: Florida District Court of Appeal
Jurisdiction: Florida
Decision Date: 2007-01-31
Citations: 947 So. 2d 671
Docket Number: No. 4D05-4332
Parties: TRAVELBIZ SOLUTIONS, INC., Appellant, v. CLICK INTERCONNECT, INC., Appellee.
Judges: GUNTHER, J., concurs.
Reporter: Southern Reporter, Second Series
Volume: 947
Pages: 671–672

Head Matter:
TRAVELBIZ SOLUTIONS, INC., Appellant, v. CLICK INTERCONNECT, INC., Appellee.
No. 4D05-4332.
District Court of Appeal of Florida, Fourth District.
Jan. 31, 2007.
Michael I. Santucci of the Law Offices of Michael I. Santucci, P.A., Fort Lauderdale, for appellant.
Steven M. Goldsmith of Steven M. Goldsmith, P.A., Boca Raton, and Scott W. Leeds of Leeds, Colby, Paris, Spence, Hoffman & Valori, P.A., Miami, for appel-lee.

Opinion:
FARMER, J.
This dispute involves a transaction between a shareholder and the company whose shares he held. The critical question was whether the funds represented an investment or a loan. No single document reliably established the one or the other, and there was conflicting testimony from the principal actors. In the circumstances then existing — the height of the "dot com" bubble — the funds could plausibly have represented either one. At the end of a bench trial, the trial judge held that the transaction might have been nominally a loan but repayment depended on the company obtaining the larger financing it needed, which had not occurred by the time of trial and is now unlikely. Substantial competent evidence supports the finding.
Affirmed.
GUNTHER, J., concurs.
MAY, J., dissents with opinion.