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Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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02-02-2005, 12:47 PM
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#1 |
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Confirmed User
Join Date: Aug 2002
Posts: 296
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Is it worth pursuing claims against IBILL?
So from the recent news it looks like IBD has now acquired IBILL. From what I can gather they paid with 49% of IBD in a transaction valued at "$33 million" I think based on the value of IBD stock. Who knows if that number has any bearing in reality, but it's a lot of money.
According to some articles, IBILL was billing $280 million a month. So it seems like there should be money in there somewhere to pay people who are still owed, right? I mean how much can they owe webmasters? $1 million? $5 million? I mean, even if IBILL doesn't have the cash to pay us, they could still pay us in equity in IBD... So aside from cybersocket, I was just wondering if anyone else is looking into it. Anyone? |
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02-02-2005, 12:54 PM
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#2 | |
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Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
The purpose is two-fold. 1) Grab whatever off a liquidator, should that come first, or they pay by whatever means are available. I doubt shares are of value - IBD managed to lose their shareholders most of their investment over the last six months. 2) Should this, as it appears to be daily, end up as a criminal matter and charges filed, - to ensure those responsible are prosecuted and thrown in jail. It's not always about money :-)
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XXX TLD's - Another mosquito to swat. |
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02-02-2005, 01:05 PM
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#3 |
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Confirmed User
Join Date: Aug 2002
Posts: 296
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02-02-2005, 01:17 PM
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#4 | |
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Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
Yea... Here's their current share history. Shares that were worth around $8 are currently about .50 cents. http://finance.yahoo.com/q/hp?s=IBD&...=28&f=2005&g=m Add to that they have the SEC on their neck. It may not be accurate - who knows? .. tho the SEC did claim they were operating at a $32K deficit. IBD sure as hell did not want to get into bed with iBill - it was a matter of the lesser of two evils and $6mill is nothing when you consider the problem with iBill - that money could wipe out in less than a day. It's all a fucking mess :-)
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XXX TLD's - Another mosquito to swat. |
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