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Originally Posted by imageman
After read various so called news story's about the Ibill purchase i find so many holes in the reports and information left out so that Ibill appears clean cut and wholesome. Notice how there is no talk of Adult online processing in the story below. Instead they talk of video stores and shit like that. What happened to the fact that the adult business made Ibill all the millions that they spent stole or squandered... Guess we are just too insignificant to worry about?
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There is definately a load of shit being talked by PHSL principals. Molina in particular likes some "expansive possibilites". I've heard so much shit on his ideas - tho some may be viable. The truth is unlikely to show :-)
The other side is.. what would you do when you got a load of "associates" (IBD is now in bed with em) and need to raise the confidence level in attempts to raise cash and desperately need bankers who will accept em??? :-) You don't talk "adult" for a start :-)
Some of these "plans" are leftovers from Penthouse. Bob is a nice guy but hell.. he really is not a businessman. It took decades of decline in Penthouse world before the company folded and he never really acted much over these decades to cut the cancer out. Penthouse tried diversifing into everything that came into their head each day, - casinos, film production blah - and failed miserably.
Video stores are a typical old Penthouse idea - another is some credit card to enable Mexicans to send money back home and capture Western Union's business blah (That's one of Molina's thoughts). All crap, cos it's based on nothing or in some instances, just ego :-)