IBill Parent Says It Needs to Restate Earnings for 4 Quarters

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  • Stephen
    Consigliere
    • Feb 2003
    • 1771
    #1

    IBill Parent Says It Needs to Restate Earnings for 4 Quarters

    IBill Parent Says It Needs to Restate Earnings for 4 Quarters

    Interactive Brand Development reported in a filing to the Securities and Exchange Commission that it needs to restate its financial statements for the last four quarters. IBD, which owns third-party credit card processor iBill, has a 35 percent stake in Penthouse and an approximate 18 percent share in ITVN.

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    • Webby
      Too lazy to set a custom title
      • Oct 2002
      • 14956
      #2
      Originally posted by Stephen
      IBill Parent Says It Needs to Restate Earnings for 4 Quarters
      Of course they do
      XXX TLD's - Another mosquito to swat.

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        • G-Rotica
          Confirmed User
          • Aug 2005
          • 4258
          #3
          hahaha8220;We donhahaha8217;t know yet [the resolution],hahaha8221; Spaniak said at the time. hahaha8220;But so far wehahaha8217;ve paid companies $22 million. Wehahaha8217;re still working on the notes.hahaha8221;

          I call bullshit.

            Comment

            • SilentKnight
              Megan Fox's fluffer
              • Oct 2005
              • 24818
              #4
              Originally posted by G-Rotica
              hahaha8220;We donhahaha8217;t know yet [the resolution],hahaha8221; Spaniak said at the time. hahaha8220;But so far wehahaha8217;ve paid companies $22 million. Wehahaha8217;re still working on the notes.hahaha8221;

              I call bullshit.
              That's the same quote from Spaniak that's been featured in several recent stories. Always the same bullshit.

              Funny how he highlights an amount they 'claim' to have paid - but not how much is still owed.

              To be more accurate, he should have said, "We've paid companies $22 million....and only bankrupted a few thousand."

                Comment

                • minusonebit
                  So Fucking Banned
                  • Feb 2006
                  • 7391
                  #5
                  Hahaha, well then iBill has offically joined in with WorldCom and Enron. How lovely.

                    Comment

                    • DAVESNOTHERE
                      Registered User
                      • Mar 2006
                      • 37
                      #6
                      theres absolutely no way they have dished out 22 million. i use to work there, i know this. they owe 43 million and no way did they pay the "half" they promised last month.

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