okay, so ibill is now sold
 

http://news.moneycentral.msn.com/tic...mbo l=US:ICPT

to Penthouse. thoughts?

This spot for sale.

Damn.

And they got it for a steal. Aside from the debt.

Wow, that's pretty big news!

penthouse owns ibill now?

uh oh

:glugglug

I would think this is a good thing?

Don't be surprised if Penthouse starts spamming your members.

hmmm, can't be good.

let's see where this goes :glugglug

baaa - who cares. it would only be one of a hundred spams a day that came from someone at ibill that 'leaked' their client list to spammers

They'll have access to allot of marketing & statistics info.....Penthouse online will certainly be reinvented.

well lets home penthouse knows how to run a company properly this time comin

I'm actually very interested in your thoughts considering you use ibill for such a large percentage of your business.

WG

True.

Yes. Especially in light of Bob Guccione's comments in this article:
http://www.avnonline.com/issues/2003...081903_3.shtml

Interesting

Run don't walk.

damn....

It can't be good. I feel that one of the only reasons it weathered the whole IPSP thing was due to ICPT's clout with the banking industry.

Having it run by known pornographers may marginalize it, even though it always has been a porn outfit. It's out of the closet now.

The other thing is the dirt cheap price. Really it was just $700k and the assumption of the operational debt. WTF is up with that? I should have bought it just for kicks.

quiet man, u could have easily bought ibill and ran it urself

dominating no?

you should listen to this

i agree, it looks pretty crazy from the outside.

Bad news in the long term

been said for the last 3 years.

i don't think quiet was ibill's largest client. maybe top 10 - i'd think more like top 20.

are you talking about Penthouse as in General Media, Bob Guccione etc?

they aren't even out of bankruptcy protection yet.

KRL is right ..... run don't walk.

General Media (the magazine publisher) filed for bankruptcy. Its parent company, Penthouse International, isn't in bankruptcy. Still cause for concern though.

thats true. but he can easily afford to buy ibill (if it was really 700k)

and looking at his paysite, he wont screw ppl over if he ran ibill.

my :2 cents:

From the perspective of a big affiliate program owner, I think it's not good for them for a competitor to have 1) a hold of their income 2) a hold of their client lists 3) a hold of their financial situation

From the perspective of an investor - it's shady - they filed for bankruptcy not too long ago with their own money - what will they do with mine

If I would be using them, I'd worry for those two reasons + if there were reasons for the government to seize the assets/funds of IBill incase there are discrepancies on the bankruptcy and what not...

i dont like that at all

And the small matter of 22 million in debt.

it's a big risk to assume, but from his rep on GFY alone tons would flock to ibill if quiet did buy it.

but why? -the same people would flock to him if he started a billing company from scratch. Why bother buying a sinking ship and assuming that debt.

let it go under, buy the scarps at rock bottom prices and start new with no debt.

write it off for years and years and not claim any profit?

Glad I don't promote many ibill sites.

:1orglaugh

no problem, fletch, aaronm and sleazy will be on my board of directors!!

You still have to pay the creditors.

hey - fltech and aaron are US citizens with US addresses. There's the US principal!!!!!!!!!!