The judge said the agreement was very clear. The motion was denied.
-
Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know. -
FUCKicq 1904905 -
The TRO was lifted.Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.Comment
-
-
damnIn November, you can vote for America's next president or its first dictator.Comment
-
No shit? So now what happens?
Steve LightspeedAbra-cadabra!Comment
-
Hopefully nothing horrible. I've had a sick feeling all day.Originally posted by Lightspeed
No shit? So now what happens?
Steve Lightspeed
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."Comment
-
Well I'd say you have to figure if First Data didn't want to process their transactions anymore then the lift on the TRO will have them closing it off ASAP. Unless I-Bill is somehow able to negotiate something with them to keep it alive until the new bank is setup but I have to imagine that's not possible since they would have tried that before running to court.Originally posted by Lightspeed
No shit? So now what happens?
Steve Lightspeed
Retired Pornosticator
Comment
-
damnIn November, you can vote for America's next president or its first dictator.Comment
-
They file a another motion and try something new. If they have a good legal team which they should they should be able to buy themselves time to find a new solution!Comment
-
I figured the judge would do that. Written agreements always get taken over verbal. iBill should have got the extension in writting when dealing with millions of $$. Plus waiting till August 2004 to find another processor to replace one that is expiring in Sept 2004 just doesn't seem like a smart business move when dealing with millions.
IMHO!!!!"The object of war is not to die for your country but to make the other bastard die for his." -Patton
"Only the dead have seen the end of war." -PlatoComment
-
Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.Originally posted by .:St Ides:.
They file a another motion and try something new. If they have a good legal team which they should they should be able to buy themselves time to find a new solution!
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."Comment
-
As far as I know processing is already going through a new merchant for them.Originally posted by MarkTiarra
Well I'd say you have to figure if First Data didn't want to process their transactions anymore then the lift on the TRO will have them closing it off ASAP. Unless I-Bill is somehow able to negotiate something with them to keep it alive until the new bank is setup but I have to imagine that's not possible since they would have tried that before running to court.
Do you really think other banks won't want $800k per day in transactions?
MattWhat name is pr0 / Untouched Markets using these days? Untouched Markets - pr0 - Refund My Money Now
Someone owes me $2,000 because they didn't do any work that was paid for *pointing at pr0 / William / UntouchedMarkets*
See http://www.gfy.com/showthread.php?p=16744521 and for more detailed see http://www.gfy.com/showthread.php?t=948645Comment
-
That's assuming First Data gave them any indication they would back out. I'm surprised they didn't try to have a new contract with them in place much sooner though. I would think you'd set a date you have to have a new contract by and if it's not in place you go find a new processor, assuming the old one is hedging for a reason.Originally posted by PornGeneral
I figured the judge would do that. Written agreements always get taken over verbal. iBill should have got the extension in writting when dealing with millions of $$. Plus waiting till August 2004 to find another processor to replace one that is expiring in Sept 2004 just doesn't seem like a smart business move when dealing with millions.
IMHO!!!!
Retired Pornosticator
Comment
-
Were they to busy selling off thier corporate stock before this event?? Not a lot of volume in the stock, hmm.
http://finance.yahoo.com/q?s=ibd&d=t
http://biz.yahoo.com/bw/040831/315617_1.html"The object of war is not to die for your country but to make the other bastard die for his." -Patton
"Only the dead have seen the end of war." -PlatoComment
-
also, iBill delivered to First Data the notice that Merrick would be taking over their transactions on Sept 15, 2004. The very day that their agreement expired...rushed? or was that a last-minute demand by First Data?
Any lawyers know if there is jurisprudence to support a doctrine of promissory estoppel in the united states?Comment
-
Why are you so optimistic in every thread?Originally posted by Nysus
As far as I know processing is already going through a new merchant for them.
Do you really think other banks won't want $800k per day in transactions?
MattComment
-
I hate to admit it, but you are right.Originally posted by stocktrader23
Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.
In their own words from the motion for tro, within days they would be out of business.PAYBUYNET.COM Need Processing? Email me tony at paybuynet dot com
ICQ 21239908Comment
-
Time for iBill to begin Plan B. Hopefully they have one.
WGI play with Google.Comment
-
I am sure they doOriginally posted by WiredGuy
Time for iBill to being Plan B. Hopefully they have one.
WGComment
-
Unfortunately you don't just process $800,000 in sales per day without quite a bit of infrastructure in place. I don't know that they would have set anything up new in such a hurry. I think what's happening now is that FD hasn't shut off the gateway yet since this all just went down. We'll know shortly, that's for sure.Originally posted by Nysus
As far as I know processing is already going through a new merchant for them.
Do you really think other banks won't want $800k per day in transactions?
Matt
I hope they work something out because if not this will be the single biggest hit this industry has taken since Web800 went down and this one will likely be worse.
Retired Pornosticator
Comment
-
Originally posted by Rick Latona
The judge said the agreement was very clear. The motion was denied.
BIG statement, for sure.
Rick, where did your info come from?
Seems that there is alot of info being
tossed around. Are you certain the source
is reliable?
CPartner Manager, FNCash.com
http://www.fncash.com
Making millions for webmasters since 2002!
ICQ: 4945757
Skype: chandiegirlComment
-
Duocash?Originally posted by WiredGuy
Time for iBill to begin Plan B. Hopefully they have one.
WG
<I know bad time>
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."Comment
-
Even though they say otherwise? I hope you don't have all your assetts with Ibill for your own sake.Originally posted by tony404
I am sure they do
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."Comment
-
You should try it.Originally posted by Calvinguy
Why are you so optimistic in every thread?
This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.
It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.
MattWhat name is pr0 / Untouched Markets using these days? Untouched Markets - pr0 - Refund My Money Now
Someone owes me $2,000 because they didn't do any work that was paid for *pointing at pr0 / William / UntouchedMarkets*
See http://www.gfy.com/showthread.php?p=16744521 and for more detailed see http://www.gfy.com/showthread.php?t=948645Comment
-
It's hard to tell when that company has been bought and sold as frequently as it has been the last year.Originally posted by tony404
I am sure they do
WGI play with Google.Comment
-
I had a little birdie on the window ledge in the court room. The source is 100% reliable.Originally posted by Chandiegirl
BIG statement, for sure.
Rick, where did your info come from?
Seems that there is alot of info being
tossed around. Are you certain the source
is reliable?
CRegards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.Comment
-
300 million a month?Originally posted by Nysus
You should try it.
This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.
It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.
MattTelegram PhoenixBrad
https://quantads.ioComment
-
They don't have to create the infrastructure, they have to find a company with an existing infrastructure. There are other companies like First Data.Originally posted by MarkTiarra
Unfortunately you don't just process $800,000 in sales per day without quite a bit of infrastructure in place. I don't know that they would have set anything up new in such a hurry. I think what's happening now is that FD hasn't shut off the gateway yet since this all just went down. We'll know shortly, that's for sure.
I hope they work something out because if not this will be the single biggest hit this industry has taken since Web800 went down and this one will likely be worse.
MattWhat name is pr0 / Untouched Markets using these days? Untouched Markets - pr0 - Refund My Money Now
Someone owes me $2,000 because they didn't do any work that was paid for *pointing at pr0 / William / UntouchedMarkets*
See http://www.gfy.com/showthread.php?p=16744521 and for more detailed see http://www.gfy.com/showthread.php?t=948645Comment
-
Saying it again.
Print out your WM agreements and account statements. If it does go bad then you may have proof of a claim. If not its just a good precaution."The object of war is not to die for your country but to make the other bastard die for his." -Patton
"Only the dead have seen the end of war." -PlatoComment
-
Ummm you knucklehead, they process 300 million in transactions. A huge majority of that is paid out to those who earned it, some is held in reserves, then they have administrative costs. 300 million gross = not much net.Originally posted by Nysus
You should try it.
This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.
It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.
Matt
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."Comment
-
From what I can tell IBD stock is currently Halted. Which isn't usually a good sign.Comment
-
hmmmmmmmmmmOriginally posted by griffin
From what I can tell IBD stock is currently Halted. Which isn't usually a good sign.Comment
-
Damn. This is bad. From what I've heard Rick appears to be right.Comment
-
I wish I wasn't, bro. I wasn't trying to cause shit over the last couple of days. I've been trying to warn everyone.Originally posted by shap
Damn. This is bad. From what I've heard Rick appears to be right.Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.Comment
-
unreal.............this one's a shockerComment
-
Ok, pussycash.com uses I-Bill. Who else?Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.Comment
-
uh boy
All the best to you
Comment
-
Originally posted by Rick Latona
I wish I wasn't, bro. I wasn't trying to cause shit over the last couple of days. I've been trying to warn everyone.
When was iBill originally notified by First Data about this?
Oh yeah....Back in may. That's what I thought.
http://gofuckyourself.com/showthread...hreadid=298619
People don't listen, Rick.Comment
-
Comment
-
Seriously, I'd like to see which PPS sponsors uses ibill as primary.Originally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?
WGI play with Google.Comment
-
Originally posted by shap
Damn. This is bad. From what I've heard Rick appears to be right.
I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!Comment
-
Me too. I REALLY want to know.Originally posted by WiredGuy
Seriously, I'd like to see which PPS sponsors uses ibill as primary.
WGRegards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.Comment
-
I am prepared for the worse. I was with PSW, and other times shit has gone down.Originally posted by stocktrader23
Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.
What I way/am trying to say is Ibill must have a plan b, and a plan c. I am sure they did not just put everything into one motion and if it came back no they just go "ok they said no, we're done, shut the doors"
Ibill is and has been a huge company, I have faith they have a few back up plans.
Time will only tell.Comment
-
Yup, stock of iBill's parent company was halted.
$5.85 now ---> $.09 when it opens again. If they can find buyers."The object of war is not to die for your country but to make the other bastard die for his." -Patton
"Only the dead have seen the end of war." -PlatoComment
-
all the old ARS GIM sites used I-BillOriginally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?Comment
-
I haven't posted on gfy for a while and was saving my comeback post for another reason, but this is too important. Any of our clients that are using ibill please contact us *if* you need our help. Hopefully we can get some clarification here soon....Originally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?If you've got them by the balls, their hearts and minds will follow. The Duke.Comment
-
i think some of the sponsor list type places have kept track of who uses who as a major processor
Telegram PhoenixBrad
https://quantads.ioComment
-
Originally posted by PornGeneral
Yup, stock of iBill's parent company was halted.
$5.85 now ---> $.09 when it opens again. If they can find buyers.
ouch, if any of you are processing with them now, hit me up on ICQ. I have a buddy in the banking business that can set up merchant accounts for adult sites.
84541273Have Chargebacks? Send me a message.
ChargebackHelp.comComment
-
Any links?Originally posted by PornGeneral
Yup, stock of iBill's parent company was halted.
$5.85 now ---> $.09 when it opens again. If they can find buyers.Comment
Comment