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Morphious · 04-03-2006, 08:41 AM

ok, Was on the phone with them for 4 hours ( mainly on hold ), got to one of the Managers for Ibill.

He stated that they are having daily meetings on this, there intention is to pay everyone, They are trying to figure out how, but the new integration of the gateway has swamped them... They said they Will be posting something on this Monday or Tuesday..

Sounds like the Same BS to me.

So here is what I told them. If they want to stay in business and Not be sued by a whole bunch of more pissed off people, they Better do something ASAP and that means Cash, as No one wants another note, or worthless penny stocks in your company.

They said they 100% understand this... ( gee.. as if they shouldn't ) and was not even offended by my tone.

So here is what I have came up with my self. Suing them for the original amount is worthless and to much of a hassle, BUT they can be sued for defaulting on the Note! they Still have assets, a paper trail to more assets, and an income stream. Will have to check on this one, but in some states you can even sue the owners directly and personally.. ( if this does not work, it will sure make them wake up! )

So I will call them back in a day or two to ask for status on this, If I get nothing back, I ( me and partner ) will procede with our law suit against them. They owe us over $40K still on these notes.

04-03-2006, 08:41 AM
Morphious Confirmed User Join Date: Sep 2004 Posts: 197	ok, Was on the phone with them for 4 hours ( mainly on hold ), got to one of the Managers for Ibill. He stated that they are having daily meetings on this, there intention is to pay everyone, They are trying to figure out how, but the new integration of the gateway has swamped them... They said they Will be posting something on this Monday or Tuesday.. Sounds like the Same BS to me. So here is what I told them. If they want to stay in business and Not be sued by a whole bunch of more pissed off people, they Better do something ASAP and that means Cash, as No one wants another note, or worthless penny stocks in your company. They said they 100% understand this... ( gee.. as if they shouldn't ) and was not even offended by my tone. So here is what I have came up with my self. Suing them for the original amount is worthless and to much of a hassle, BUT they can be sued for defaulting on the Note! they Still have assets, a paper trail to more assets, and an income stream. Will have to check on this one, but in some states you can even sue the owners directly and personally.. ( if this does not work, it will sure make them wake up! ) So I will call them back in a day or two to ask for status on this, If I get nothing back, I ( me and partner ) will procede with our law suit against them. They owe us over $40K still on these notes.