IBD Purchase Of IBill - GoFuckYourself.com

Webby · 01-24-2005, 12:44 PM

IBD had until January 21st to complete a 2004 deal to purchase iBill from PHSL.

It appears IBD dirs decided reluctantly to go ahead with the purchase. Anyone know if that deal has been completed?

Here are some refs.. the most recent first...

http://www.tmcnet.com/usubmit/2005/Jan/1110024.htm

http://biz.yahoo.com/bw/050121/215478_1.html

http://biz.yahoo.com/bw/041214/145825_1.html

Rui · 01-24-2005, 12:46 PM

Everybody start using ibill again!!

ok bad taste joke i know....

collegeboyslive · 01-24-2005, 01:48 PM

Well they have a good business model for making short term large amounts of money:

1: advertise themselves a a 3rd party processor to get webmasters to send them customers with money.

2: bill the customers on time, every time, sometimes twice.

3: string the merchants along with a string of excuses ? its in the mail, its going out in 3
days, my bank ate my money this week ect ect?.

4: throw the merchants a small bone every month or so with a bit of money promisi9ng more very soon.

5: Pocket as much as you can ( cause you know the bank is paying them on time ).

6: repeat the above as much as possible.

imageman · 01-24-2005, 01:58 PM

You said it

Quote:

Originally Posted by collegeboyslive

Well they have a good business model for making short term large amounts of money:

1: advertise themselves a a 3rd party processor to get webmasters to send them customers with money.

2: bill the customers on time, every time, sometimes twice.

3: string the merchants along with a string of excuses ? its in the mail, its going out in 3
days, my bank ate my money this week ect ect?.

4: throw the merchants a small bone every month or so with a bit of money promisi9ng more very soon.

5: Pocket as much as you can ( cause you know the bank is paying them on time ).

6: repeat the above as much as possible.

Webby · 01-24-2005, 02:33 PM

Rui:

Quote:

Everybody start using ibill again!!

ok bad taste joke i know....

I was more thinking of IBD who don't seem to be in a great financial condition themselves :-)

Whether true or not, there are questions about em trading while basically insolvent with a $37K deficit which is hardly any position to even start addressing a subsidiary like iBill who have substantial liabilites.

Rui · 01-24-2005, 02:36 PM

I wouldn't bet that this "purchase" is going to fix all the mess IBILL is nowadays, ence the irony in the post above.

Webby · 01-24-2005, 03:07 PM

Rui:

Quote:

I wouldn't bet that this "purchase" is going to fix all the mess IBILL is nowadays, ence the irony in the post above.

I think you hit that nail on the head!! :-)

Nad · 01-24-2005, 03:30 PM

http://biz.yahoo.com/rb/050124/media...use_sec_4.html

Here is another one to tickle your fancy... seems they are nipping them in the bud....

Can you say: 'jail time?'

Nysus · 01-24-2005, 04:09 PM

Well with any purchase you have to disclose all current issues and let the buyer know all potential problems or damages that could come against the company... they must have big plans if they were willing to take on the risk, or the other side of it is IBill has things under control so the buyer wasn't so worried......

Matt

Webby · 01-24-2005, 04:09 PM

Nad:

Quote:

http://biz.yahoo.com/rb/050124/medi...ouse_sec_4.html

Here is another one to tickle your fancy... seems they are nipping them in the bud....

Can you say: 'jail time?'

I was wondering when that four letter word - jail, would be raised :-)

Tho it has been mentioned in private for some time now...

01-24-2005, 12:44 PM	#1
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	IBD Purchase Of IBill IBD had until January 21st to complete a 2004 deal to purchase iBill from PHSL. It appears IBD dirs decided reluctantly to go ahead with the purchase. Anyone know if that deal has been completed? Here are some refs.. the most recent first... http://www.tmcnet.com/usubmit/2005/Jan/1110024.htm http://biz.yahoo.com/bw/050121/215478_1.html http://biz.yahoo.com/bw/041214/145825_1.html __________________ XXX TLD's - Another mosquito to swat.

01-24-2005, 01:48 PM	#3
collegeboyslive Confirmed User Join Date: Aug 2004 Location: orlando Posts: 189	Well they have a good business model for making short term large amounts of money: 1: advertise themselves a a 3rd party processor to get webmasters to send them customers with money. 2: bill the customers on time, every time, sometimes twice. 3: string the merchants along with a string of excuses ? its in the mail, its going out in 3 days, my bank ate my money this week ect ect?. 4: throw the merchants a small bone every month or so with a bit of money promisi9ng more very soon. 5: Pocket as much as you can ( cause you know the bank is paying them on time ). 6: repeat the above as much as possible. __________________ Video feeds and content available to webmasters: Photo sets now available http://photos.collegeboyslive.com Affiliate site here: http://affiliates.collegeboyslive.com

01-24-2005, 03:30 PM	#8
Nad Confirmed User Join Date: Feb 2003 Posts: 503	http://biz.yahoo.com/rb/050124/media...use_sec_4.html Here is another one to tickle your fancy... seems they are nipping them in the bud.... Can you say: 'jail time?' __________________ Racecar spelled backwards is Racecar! A MAN A PLAN A CANAL PANAMA 202740086

01-24-2005, 04:09 PM	#9
Nysus Confirmed User Industry Role: Join Date: Aug 2001 Posts: 7,817	Well with any purchase you have to disclose all current issues and let the buyer know all potential problems or damages that could come against the company... they must have big plans if they were willing to take on the risk, or the other side of it is IBill has things under control so the buyer wasn't so worried...... Matt __________________ What 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 https://gfy.com/fucking-around-and-business-discussion/948258-untouchedmarkets-pr0-refund-money-post16744521.html and for more detailed see https://gfy.com/fucking-around-and-business-discussion/948645-re-recent-bullshit-drama-explained-detail-pr0-untouched-markets.html

01-24-2005, 12:46 PM	#2
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	Everybody start using ibill again!! ok bad taste joke i know....

01-24-2005, 02:36 PM	#6
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	I wouldn't bet that this "purchase" is going to fix all the mess IBILL is nowadays, ence the irony in the post above.