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Originally Posted by Taniwha
As far as I understand, this has nothing to do with the First Data payment which they are making progress on. This just shows they are seriously trying to stay alive while they wait for situations to be resolved and they will have the cash to do it.
Think I can hear the Rocky theme starting ...
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iBill is the principal operating subsidiary of PHSL
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Just sounds like more of the same delay. That's Ibill/Penthouse making that statement and who the hell trust anything that they say. This is the same as them saying "Just hang on the checks in the mail".
"Please stay with us, continue to send sign ups through us, and even though we are unable to make current payment and have shown no good faith in making past payments, there MIGHT be some money coming at the end of January so please continue to send sign ups and everything will be ok at the end of January."
And when late January comes..... well you know what happens already. "The wires were sent we just made a mistake" "We sent the checks but they were sent with the old bank so they are no longer good" "The payments will be delayed but trust us they are still on track" and so on and so on and so on.............