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Originally Posted by TheSaint
Lawyers don't take on hopeless cases. They will sue IBM on contingency, not IBILL. The fact that they don;t have any working capital to pay reserves and moneys owed should tell you something.
The funny thing is the dumb fucks still with Ibill. Yeah, we know they are paying a few of you, and you are feeling smug right now, but when they go chapter 11 soon, you will find you are actually in worse shape than if you had just folded when everybody else had the common sense to.
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I assume that these deals are contingent upon people still processing with them. I agree, however, that they are probably unwise to continue on as clients. The minute they stop processing, Ibill will stop paying them. There is too much litigation pending against Ibill at the moment, so it's probably only a matter of time before the file bankruptcy. The only way to make bank off them now is to try to short their stock.
