Ibill Stock Value Dropped 49% Thursday

"reduced revenue from InterCept's portion of the registration fee"

What is this???

The info from Ibill says that Visa should have one part and the bank the other.
Did they take the chance to shave a little?

You guys freak very easily. Read the whole report. Their profits were down but they are still profitable. They are the only one that is public so they have to report when they don't hit their target. Doesn't mean they are going out of business... At least you can get real information on them unlike ccbill and paycom.

Quiet
why are you not selling your sites ?
if i may ask

i know your sites , is the content your own ?

told ya

From what I know, they TOOK $750 from EVERYONE who registered, Even those that hit the link that said .... I DO NOT WANT TO BE BILLED.

They even billed a webmaster I know who only had 10 rebills. They told him if he had even ONE rebill in the system he would have to pay the $750.

The $750 fee was divided 500/250 with the processors taking the 250. Dont forget that there were costs to implement the mandatory card regulations. These costs are still there even if a significant percentage of the sites left. IMO IBILL would have been better offering a refund on this charge spread out over time like CCBILL did to encourage people to stay as the continued business certainly would have made up the charge over a short period. I also believe that IBILL could have better managed the implementation of the rules. Witholding payment remains the single method IBILL has to enforce compliance with their regulations, but this action has created many credibility issues.

I disagree with the belief that IBILL is going under. Intercept has a profitable core business that does not rely on the IBILL business. Intercept has a long way to go before any kind of debt covenent violations that would mean Chapter 11/7. IBILL still has a huge percentage of the adult billings and for those who believe IBILL will go out of business, you are in essence predicting the failure of the industry, something I do not envision.

Many here seem to take a real pleasure at the prospect of IBILL going under, but I believe that this is also misplaced. Look at what happened when DMR went under, in the end this was one of the worst blows the industry ever had to suffer. IMO if IBILL were to go under it would be a terrible thing and would set us back as a whole and not move us forward. There are other billers so the music wouldnt stop, but I believe it would be heavily muted.

A previous poster here pointed out the fact that IBILL is public and this allows us to glimpse at their numbers, something that is not possible with Epoch or CCBILL. The transparency of their numbers is indeed a benefit but the public nature of the company also carries with it some real problems. Chief among the problems IMO is that the parent company will be under pressure due to the financial declines to make changes in the staffing at IBILL without offering competent replacements. Being beholden to shareholders could also put pressure on IBILL's model for morality issues.Approximately 90% of IBILL's business is still adult, and shareholders could take great offense to that. Just look at what this kind of pressure did with Yahoo.

The direction IBILL seems to be taking in the last quarter IMO is a positive one. Intercepts statements indicate that IBILL is cleaning house and showing high chargeback clients the door. A VISA fine that was largely rumored to have been 8 figures was not mentioned at all by Intercept, and in fact Intercept's CEO this morning in an earnings conference call stated that he knew of no VISA fine that had been levied at all. IBILL is introducing some very interesting products, things that will help their clients to move forward, where they seem most challenged is their ability to provide a quality client services. A good meal served by a terrible waitress will in most cases result in that business leaving to eat down the street.

ive been saying it over and over.. IBill is the adult industry's version of Enron.

All-Sorry to say, we are not going out of business. We did not meet our 4Q 2002 projections. iBill is growing, we are profitbable, and have every intention of staying in this business.

That describes iBill perfectly at this point.

They may have the greatest processor gig going with the best software, programs, plans, goals, etc.

People don't care about that though. They want to know why they aren't getting paid, and why stupid shit like emails going out on the 24th of Dec which need a reply by the 26th of Dec to be paid are happening.

Well then get people to answer emails, fix your CMI, and get one story straight! I still have rebills with you, taught of putting back signups ( I paid the 750.00), but your "house" is not in order.

He He He. Company looks good to me. Just scooped up 1,000 shares at $7.89. Don't expect I'll retire off of one small trade, but I'll bet you in a year or two I'll be pleased with this one.

half their investor money gone? they already got the investors money during the ipo. the stock decline only drops the market cap for the company.

good post scoreman

"Company looks good to me. Just scooped up 1,000 shares at $7.89."

... if it stays on this level for the day, I may do that too ... there should be a technical reaction monday/tuesday. shorts can look good here, but I woudn´t put it on longs ...

i would check with your Investor Relations Department first before making any public comments about your stock and revenue projections...Just a heads up that this can get your company into a lot of trouble with the SEC.

The operative word here is: "bable."

iBill blows. End of bullshit.

I think it might go a little lower too, last tick was at $7.54. But when bottom fishing I think it can be near impossible to tell where the creek ends and the mud begins.

Its a long term speculation for me, so I am looking for Ibill to founder for a while yet. For one thing management seems completely clueless. The *terrible* way they handled this mess, failure to address the CCBill Visa rebate, etc.

But I like the business model and maybe if a few heads roll they will clean up their act.

Nothing like a healthy 50% drop in share value to make things happen quickly.

I wonder if iBill isn't losing money because of Visa and M/C fines...

good buy

lets see, they're going to severly miss 2002 estimates, and have completely withdrawn 03 estimates all together.

see ya in 2004

No doubt.

For a company that is growing and as solid as Cathy suggests, they sure do take a long time to answer emails from their clients.

Just coming of my vacation and have to give my

It all makes a little more sense now. Withholding payments, charging people double visa fees, charging visa fees from all clients even if they don't wanted to etc. It really looks to me that they needed to get better figures for the yearly stock summery. All those payments and fees taken in would add up to a very nice sum of money that you can place on your earning site. The stock still dropped like hell so I can only imagine what happens this year after they pay up there debts they have to webmasters or get sued doing so.

I have to say that I doubt that this is legal if the trade comission or whoever regulates the stock market looks into this more deeply.

Maybe it was an accountant, not a marketing wonk. I could certainly see a situation where someone at iBill bought a vette, and then realized his stock options and financial outlook were in the can, and wanted to get rid of it. After all, a prize is a write-off for the company.

iBill is currently the subject of a law suit by Perfect 10.

As are 9 other companies/individuals.

Last Trade
3:59pm · 6.66

Can't imagine a company's stock would drop when their "customer management interface" has been down all day...

Who wants to use a billing company where you cant even modifiy your billing options or see what billing you have done?

--------
Dear iBill Clients,

Due to the improvements that we are making to iBill's systems today, CMI will continue to be unavailable until approximately 6 pm Eastern Standard time (11 pm GMT). Other systems that are also affected include iBill.com, iBillcs.com, Direct Integration, Catalog Complete and Processing Plus Shopping Cart.

This move does not affect our transactions.

We apologize for the inconvenience. Please check back periodically for status updates.

Thank you for your use of iBill?s services.

iBill Management

Yep, not only has the CMI been down all day, the join pages arn't loading properly. We've had a couple of emails from potential clients saying they wern't prepared to put their credit card details into a form that hung for 2 or 3 minutes with 1 item still to load.

Also ran a test and you get a nice friendly error message before the webgood page regarding invalid data posted for webpledge !

I've emailed iBill support but as I am still waiting for a couple of replies from before xmas I'm not holding my breath.

For the first 18 months I was with iBill they were great to deal with, no major issues, fast to respond to emails and always paid on time. Since November its been difficult to get any reply to email, rebills and new signups are down (but traffic is the same and from the same sources) and there have been several technical issues that have taken days to resolve. I hope iBill survive and get back to their old self !

Thats a quite large drop off! I guess Visa hit everyone, but atleast with CCBill you get reimbursed.

iBills revshare signup has been down for a couple days. Haven't checked in the last few minutes, but that's not the way to keep it goin!!

One of the problems with being publicly traded....

people who WANT to sue you actually do occasionally

I do recall saying something along the line..You ain't seen nothing yet months ago.

Wonder why am getting a shit pot of hit's from Yahoo again? I said this when Yahoo went 2 paid listing's they would be back, there surfer's want FREE porn not links 2 pay site's. Oh I didn't pay for a listing. Me I think ibill is all fucked up, and don't ever know it or if they do don't have a clue how 2 fix it.
Just wait next you'll be seeing HIGH powered MBA consultants running around that new office building. And when that happens, I give' another 8 months. They remind me of a lot of main stream companies I've done work for. One am dealing with right now, so screwed up and don't have a clue.

You did, you say. I think if you had a brain you'd take it out and play with it.

They NEED an accountant! When they paid me what they owed me, they paid me DOUBLE...when I asked them about it and requested to return that check and have a new CORRECT one issued, they told me not to WORRY about getting overpaid and just think of it as a gift.
WAY sloppiness there...