rowan

1. legal, and also weeds out those who don't care or are lazy. Less money to pay out. Notice though that they have sent you an amount for the settlement.

2. All bank account were frozen. Seems that the law suit against the CPAs move faster than our notice.

3. don't know

4. don't know

exactly....for those who haven't realized already...globill will never send anything..I didn't even bother sending them a request...I know they're gone for good...

Agreed I am taking that option as well:thumbsup

:glugglug

There are a lot of unanswered questions and a tremendous amount of bullshit in the "settlement package". Obviously this company had deep rooted problems for a considerable amount of time preceding July 25, 2003. Yet rather than be forthcoming, they chose to respond to the growing concern of the webmasters with constant reassurance - thus instilling a false sense of security.

The "CPAs" named in the settlement package - with whom they claim to have filed suit against for misappropriation of 1.6 million dollars, most of which constituted webmaster's reserve funds - are allegedly the husband and wife who own the company!

The entire thing reeks of dishonesty - I'll be surprised if we ever see one red cent.

the option 1 agreement says they will send a check within 30 days of returning the agreement. That's fast enough to find out for ourselves if they will send a red cent or not. If they don't then sue them. Pretty simple. The dead horse has been more than flogged by now. I think it's approaching dicing and marinating.

10% :1orglaugh :1orglaugh :1orglaugh

Total owed as of September 30, 2003 (?Total Owed?): US$1,104.14

Guaranteed Payment Under Settlement Option 1: US$110.41

What a fucking joke!!

I was kind of okay believing they had a Visa problem because I felt like that was a known risk I took staying with them after the changeover. I'd been with them for years when the Visa regs changed and I felt like they had taken care of me and I didn't want to lose my rebilling.

But the whole our accountants/nominal leaders snarfed the dough thing . . .

50 IOUs from globill :glugglug

I agree this is the route I am going with.

If anyone is choosing the 110% option, just something i read which u might have left out on the pdf file.
In the 1st letter, Settlement.pdf, it states that the first trial on the case would be on July 2004 :(
That's gonna take ages if its to be delayed over and over, maybe get the money in 2010 ?

Re-posted from the other thread...

Why in the hell isn't one of our big lawyer friends in the adult industry helping us out here?

If they went after them, with all of us signed on... I'd say we would all have a good chance of seeing some real money that is owed us!

Anyone?

At least everybody got to take advantage of their members lists!!