okay, so ibill is now sold

**Voodoo** · 03-22-2004, 09:20 PM

This spot for sale.

**Martin** · 03-22-2004, 09:21 PM

Damn.

**NetRodent** · 03-22-2004, 09:22 PM

And they got it for a steal. Aside from the debt.

**tootie** · 03-22-2004, 09:22 PM

Wow, that's pretty big news!

**420** · 03-22-2004, 09:22 PM

penthouse owns ibill now?

**Reak** · 03-22-2004, 09:23 PM

uh oh

**SomeCreep** · 03-22-2004, 09:23 PM

**Martin** · 03-22-2004, 09:24 PM

Originally posted by Reak
uh oh

I would think this is a good thing?

**Vox** · 03-22-2004, 09:24 PM

Originally posted by quiet
http://news.moneycentral.msn.com/tic...Symbol=US:ICPT

to Penthouse. thoughts?

Don't be surprised if Penthouse starts spamming your members.

**KMR Stitch** · 03-22-2004, 09:26 PM

hmmm, can't be good.

**buddyjuf** · 03-22-2004, 09:26 PM

let's see where this goes

**SleazyDream** · 03-22-2004, 09:26 PM

Originally posted by Vox

Don't be surprised if Penthouse starts spamming your members.

baaa - who cares. it would only be one of a hundred spams a day that came from someone at ibill that 'leaked' their client list to spammers

**HS-Trixxxia** · 03-22-2004, 09:26 PM

They'll have access to allot of marketing & statistics info.....Penthouse online will certainly be reinvented.

**chowda** · 03-22-2004, 09:27 PM

well lets home penthouse knows how to run a company properly this time comin

**WiredGuy** · 03-22-2004, 09:27 PM

Originally posted by quiet
to Penthouse. thoughts?

I'm actually very interested in your thoughts considering you use ibill for such a large percentage of your business.

WG

**Martin** · 03-22-2004, 09:28 PM

Originally posted by Trixxxia
They'll have access to allot of marketing & statistics info.....Penthouse online will certainly be reinvented.

True.

**NetRodent** · 03-22-2004, 09:30 PM

Originally posted by chowda
well lets home penthouse knows how to run a company properly this time comin

Yes. Especially in light of Bob Guccione's comments in this article:
http://www.avnonline.com/issues/2003...081903_3.shtml

**FilthyRob** · 03-22-2004, 09:30 PM

Interesting

**KRL** · 03-22-2004, 09:32 PM

Run don't walk.

**Vitasoy** · 03-22-2004, 09:32 PM

damn....

**Shoplifter** · 03-22-2004, 09:33 PM

It can't be good. I feel that one of the only reasons it weathered the whole IPSP thing was due to ICPT's clout with the banking industry.

Having it run by known pornographers may marginalize it, even though it always has been a porn outfit. It's out of the closet now.

The other thing is the dirt cheap price. Really it was just $700k and the assumption of the operational debt. WTF is up with that? I should have bought it just for kicks.

**chowda** · 03-22-2004, 09:34 PM

quiet man, u could have easily bought ibill and ran it urself

dominating no?

**brand0n** · 03-22-2004, 09:35 PM

Originally posted by KRL
Run don't walk.

you should listen to this

**quiet** · 03-22-2004, 09:35 PM

Originally posted by Shoplifter
The other thing is the dirt cheap price. Really it was just $700k and the assumption of the operational debt. WTF is up with that? I should have bought it just for kicks.

i agree, it looks pretty crazy from the outside.

**Bansheelinks** · 03-22-2004, 09:35 PM

Bad news in the long term

**quiet** · 03-22-2004, 09:35 PM

Originally posted by brand0n

you should listen to this

been said for the last 3 years.

**SleazyDream** · 03-22-2004, 09:36 PM

Originally posted by chowda
quiet man, u could have easily bought ibill and ran it urself

dominating no?

i don't think quiet was ibill's largest client. maybe top 10 - i'd think more like top 20.

**Mutt** · 03-22-2004, 09:36 PM

are you talking about Penthouse as in General Media, Bob Guccione etc?

they aren't even out of bankruptcy protection yet.

KRL is right ..... run don't walk.

**NetRodent** · 03-22-2004, 09:39 PM

Originally posted by Mutt
are you talking about Penthouse as in General Media, Bob Guccione etc?

they aren't even out of bankruptcy protection yet.

KRL is right ..... run don't walk.

General Media (the magazine publisher) filed for bankruptcy. Its parent company, Penthouse International, isn't in bankruptcy. Still cause for concern though.

**chowda** · 03-22-2004, 09:39 PM

Originally posted by SleazyDream

i don't think quiet was ibill's largest client. maybe top 10 - i'd think more like top 20.

thats true. but he can easily afford to buy ibill (if it was really 700k)

and looking at his paysite, he wont screw ppl over if he ran ibill.

my

**HS-Trixxxia** · 03-22-2004, 09:40 PM

From the perspective of a big affiliate program owner, I think it's not good for them for a competitor to have 1) a hold of their income 2) a hold of their client lists 3) a hold of their financial situation

From the perspective of an investor - it's shady - they filed for bankruptcy not too long ago with their own money - what will they do with mine

If I would be using them, I'd worry for those two reasons + if there were reasons for the government to seize the assets/funds of IBill incase there are discrepancies on the bankruptcy and what not...

**Trax** · 03-22-2004, 09:40 PM

i dont like that at all

**NetRodent** · 03-22-2004, 09:40 PM

Originally posted by chowda

thats true. but he can easily afford to buy ibill (if it was really 700k)

And the small matter of 22 million in debt.

**SleazyDream** · 03-22-2004, 09:42 PM

Originally posted by chowda

thats true. but he can easily afford to buy ibill (if it was really 700k)

and looking at his paysite, he wont screw ppl over if he ran ibill.

my

it's a big risk to assume, but from his rep on GFY alone tons would flock to ibill if quiet did buy it.

but why? -the same people would flock to him if he started a billing company from scratch. Why bother buying a sinking ship and assuming that debt.

let it go under, buy the scarps at rock bottom prices and start new with no debt.

**chowda** · 03-22-2004, 09:42 PM

Originally posted by NetRodent

And the small matter of 22 million in debt.

write it off for years and years and not claim any profit?

**NiTe-HaWk** · 03-22-2004, 09:42 PM

Glad I don't promote many ibill sites.

**quiet** · 03-22-2004, 09:42 PM

Originally posted by NetRodent

And the small matter of 22 million in debt.

no problem, fletch, aaronm and sleazy will be on my board of directors!!

**NetRodent** · 03-22-2004, 09:44 PM

Originally posted by chowda

write it off for years and years and not claim any profit?

You still have to pay the creditors.

**SleazyDream** · 03-22-2004, 09:44 PM

Originally posted by quiet

no problem, fletch, aaronm and sleazy will be on my board of directors!!

hey - fltech and aaron are US citizens with US addresses. There's the US principal!!!!!!!!!!

**NetRodent** · 03-22-2004, 09:45 PM

Originally posted by quiet

no problem, fletch, aaronm and sleazy will be on my board of directors!!

I don't think sig sales could pay that off anytime soon.

**Bansheelinks** · 03-22-2004, 09:45 PM

One of the Big 3 owned by Penthouse? Nice track record lately for PH.........this can't be good.

**chowda** · 03-22-2004, 09:45 PM

Originally posted by SleazyDream

it's a big risk to assume, but from his rep on GFY alone tons would flock to ibill if quiet did buy it.

but why? -the same people would flock to him if he started a billing company from scratch. Why bother buying a sinking ship and assuming that debt.

let it go under, but the scarps at rock bottom prices and start new with no debt.

well lookin at quiet's ibill stats, i dont think he wants them to go under.. i hope not at least.

i dont know much about bankruptcy, but cant they just declare bankruptcy and operate under restructure? kmart did that no?

**integrated** · 03-22-2004, 09:46 PM

it was so cheap because they are going backwards.

you would need ALOT of money behind to take this on

**JulianSosa** · 03-22-2004, 09:51 PM

Goodnight Ibill

**psyko514** · 03-22-2004, 09:54 PM

Ibill and Penthouse. Jettis and Hustler. Interesting.

**goBigtime** · 03-22-2004, 09:55 PM

Originally posted by Vox

Don't be surprised if Penthouse starts spamming your members.

Technically I don't think they are your members... as far as the transaction goes anyway.

**monkeysnap** · 03-22-2004, 09:56 PM

WOW. This should get interesting.

**eroswebmaster** · 03-22-2004, 09:56 PM

once again it's a daily barrage in this biz...more ups and downs than a bi-polar crack whore

**quiet** · 03-22-2004, 09:56 PM

Originally posted by psyko514
Ibill and Penthouse. Jettis and Hustler. Interesting.

for sure.

okay, so ibill is now sold

okay, so ibill is now sold

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment