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Originally Posted by SleazyDream
22. Talk about the millions you lost from companies like Babenet, IBill, DMR and any others,
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This interview stuff is pretty good. All of the questions I am getting are coming via ICQ, this is easier then I expected.
Ah, Babenet. According to our records we're looking at over half a million in revenue that was never paid to us. That fiasco cost alot of people and I think was the end to many fly by night programs. Yes it had a major impact on us, half a million has an impact on anyone. But it just turned out to be another speed bump. We paid every single webmaster for every single signup they generated. That alone helped us in the long run. People knew we weren't going anywhere. They knew they were going to get their money and they did. We would eat the loss before even thinking about not paying the webmaster. That is something I am extremely proud of with each project we have done. We have been able to run our program on honesty. Every webmaster knows this. If you think otherwise I challenge you to prove me wrong.
IBill, do I need to say more? Another 6 figure impact. Not as great as Babenet but close enough. The negotiations have been a joke. Trying to extort business from us in return for the money that they owe us. That's not going to work and I am confident we will have the last word in this issue.
DMR, the first internet glory years. Back in the days of wild cross sells, upsells and any other way to make a buck DMR was willing to be the processor. It was just a matter of time when Visa and Mastercard was going to catch up with the industry and when it did everyone freaked out. Billing companies closed and funds were lost. DMR is the one that always stands out in my mind but there were others. I can't even remember the hundreds of thousands of dollars that were lost.
There has been money lost here and there in various deals but nothing as significant as those beauties. Again, I take pride in the fact that none of these incidents ever put us in jeopardy. We are here to stay folks. Wait until you see what the future holds.