Bluefly.com Who Was In A Financial Crisis Has Just Received $15 Million

Bluefly.com the online retailer of designer brands and fashion trends, announced that Rho Ventures has reached a definitive agreement to purchase $15 million of its stock from the Company. Under the terms of the deal, Bluefly agreed to sell $15 million of its stock at a price of $1.70 per share. Rho Ventures will now own approximately 33% of the Bluefly shares. Maybe Obama pep talk with the bankers helped. I'm just saying lol.