Ibill to receive $10.4 million payout

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  • Taniwha
    Registered User
    • Dec 2004
    • 20

    #1

    Ibill to receive $10.4 million payout

    http://home.businesswire.com/portal/...13&newsLang=en

    PHSL Worldwide, Inc. Announces $10.4 Million Payment Expected by January 31, 2005

    DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Dec. 30, 2004--PHSL Worldwide, Inc. (Pink Sheets:PHSL) announced that the payment by Interactive Brand Development of the termination fee of $10.4 million is expected to be received by January 31, 2005. As previously disclosed, PHSL is being paid the fee pursuant to an agreement with IBD and in connection with its recent $16.475 million private placement that included Internet Billing Company (iBill).


    PHSL intends to use the $10.4 million payment to enhance the balance sheet and liquidity of its iBill subsidiary. iBill is the principal operating subsidiary of PHSL.
  • BradM
    Confirmed User
    • Dec 2003
    • 3397

    #2
    Well that only covers half of my payout alone, wtf is this shit.

    Comment

    • Magg
      Confirmed User
      • Feb 2004
      • 4467

      #3
      Damn, Im sure theres more owed than that isnt there?



      SEE SIG

      Comment

      • quiet
        we'll miss you our friend. RIP
        • Sep 2001
        • 25115

        #4
        nice....
        we'll miss you our friend. RIP

        Comment

        • Taniwha
          Registered User
          • Dec 2004
          • 20

          #5
          As far as I understand, this has nothing to do with the First Data payment which they are making progress on. This just shows they are seriously trying to stay alive while they wait for situations to be resolved and they will have the cash to do it.

          Think I can hear the Rocky theme starting ...

          Comment

          • LA Mike
            Confirmed User
            • Jul 2001
            • 3056

            #6
            Originally posted by BradM
            Well that only covers half of my payout alone, wtf is this shit.

            lol I hear ya.. Hope they got money to pay me after you

            They owe me a nice chunk of change.. fucking sucks

            Comment

            • hyper
              Confirmed User
              • Mar 2002
              • 5294

              #7
              i dont understand.. why cant ibill pay their bills?

              Comment

              • TheMob
                Confirmed User
                • Jan 2003
                • 8584

                #8
                wow, i hope they will

                Comment

                • Beerbar
                  Confirmed User
                  • Oct 2004
                  • 145

                  #9
                  Originally posted by Taniwha
                  As far as I understand, this has nothing to do with the First Data payment which they are making progress on. This just shows they are seriously trying to stay alive while they wait for situations to be resolved and they will have the cash to do it.

                  Think I can hear the Rocky theme starting ...

                  iBill is the principal operating subsidiary of PHSL
                  Just sounds like more of the same delay. That's Ibill/Penthouse making that statement and who the hell trust anything that they say. This is the same as them saying "Just hang on the checks in the mail".

                  "Please stay with us, continue to send sign ups through us, and even though we are unable to make current payment and have shown no good faith in making past payments, there MIGHT be some money coming at the end of January so please continue to send sign ups and everything will be ok at the end of January."

                  And when late January comes..... well you know what happens already. "The wires were sent we just made a mistake" "We sent the checks but they were sent with the old bank so they are no longer good" "The payments will be delayed but trust us they are still on track" and so on and so on and so on.............

                  Comment

                  • Hinc
                    Confirmed User
                    • Oct 2004
                    • 2577

                    #10
                    Hmmm...at least its the first sign of something potentially positive happening with ibill in recent times...
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                    Comment

                    • Taniwha
                      Registered User
                      • Dec 2004
                      • 20

                      #11
                      This is the same as them saying "Just hang on the checks in the mail".
                      The point is you don't take $10 million from the parent company to feed something you think is about to fall over. You also, as a public company, don't make press releases saying that is what you are going to do if you want your directors to stay out of jail.

                      http://www.midicenter.com/midi/midi-movie/rocky.mid
                      http://www.freewebs.com/elburrro/win!.wav

                      Comment

                      • Beerbar
                        Confirmed User
                        • Oct 2004
                        • 145

                        #12
                        Is this whole "Rocky" theme Ibills comeback marketing plan?

                        Comment

                        • Hinc
                          Confirmed User
                          • Oct 2004
                          • 2577

                          #13
                          I agree Taniwha.

                          It aint necessarily a solution, but its a sign they´re trying to get the boat sailing again, and they´d be in severe troubles if lying in public releases as a public company.
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                          • VeriSexy
                            Join The Royal Family
                            • Apr 2002
                            • 25463

                            #14
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                            • bigdog
                              Confirmed User
                              • Jul 2001
                              • 6964

                              #15
                              they are going to take that money and run

                              Comment

                              • ONS
                                Registered User
                                • Jan 2001
                                • 204

                                #16
                                Originally posted by Taniwha
                                The point is you don't take $10 million from the parent company to feed something you think is about to fall over. You also, as a public company, don't make press releases saying that is what you are going to do if you want your directors to stay out of jail.
                                You obviously have not a clue how many MILLIONS they owe to mainstream sites and local companies they were able to scam. That wont even put a dent in the damage they have done and some of their vendors have actually gone bankrupt because of them. These manstream business owners did not signup to be put at risk nor were they high risk merchants but they got fucked just the same and without any warning.

                                Even if they paid every dime they owe by tomorrow anyone who remained with them would have to be brain dead. Adding to that if any webmaster promoted a site using them he deserves to get screwed for supporting crooks and scam artists. Then again with 7 posts registered just a short time ago and defending iBill speaks for itself.

                                But one thing is for sure they have managed to pay their business related expenses to remain operational. Their lights are still on and they still have phones that ring which does not happen when you dont pay the man. I also notice that Penthouse is using an auto installing dialer from goodthinxx which does not even give terms related to the charges. You would think they would be using their own Web900SM solution rather then installing 3rd party bullshit without even a simple warning prompt.

                                This should send a clear message to newbies and give them proper guidence on how to conduct themselves. If you want to get ahead in this biz you better be ready to fuck anyone in your path.

                                http://www.penthouse.com/preview/tour/join.html

                                Comment

                                • MickeyG
                                  Confirmed User
                                  • May 2004
                                  • 4134

                                  #17
                                  This is GREAT NEWS for ibill. I have my concerns but I believe they will pull through this! Like mentioned above they've kept the lights on and now are due some nice injections of cash. If this were a sinking ship no one would be funding them.

                                  FINALLY some good news about ibill!

                                  Comment

                                  • Shoplifter
                                    Richest man in Babylon
                                    • Jan 2002
                                    • 5850

                                    #18
                                    It's nice to see some activity surrounding Ibill but it seems that this is an almost irrelevant sum of money when all things are considered.

                                    At least in the case of their EU clients they already have all the money these clients have transacted, so it's difficult to understand why any cash infusion is necessary.

                                    Anyways this is all conjecture, and the proof will be in the payouts coming hopefully this week.
                                    I Like Blondes

                                    Comment

                                    • AlienQ - BANNED FOR LIFE
                                      best designer on GFY
                                      • Mar 2003
                                      • 30307

                                      #19
                                      Yeah right...

                                      Yall gonna be very dissapointed, this is just blow over for Vegas to save some face or out right violence.
                                      Last edited by AlienQ - BANNED FOR LIFE; 01-02-2005, 05:57 PM.

                                      Comment

                                      • Jer
                                        God is Brazilian
                                        • Feb 2001
                                        • 10601

                                        #20


                                        God, please help iBill survive and pay everyone

                                        Comment

                                        • MandyBlake
                                          The one and only!
                                          • Nov 2002
                                          • 17761

                                          #21
                                          I agree.
                                          I believe ibill will pull thru this.
                                          I have faith in you ibill!
                                          Mandy's Playhouse
                                          Her First Fat Girl
                                          If you're interested in promoting my sites, ICQ me! 178411921

                                          Comment

                                          • ibill-fraud
                                            Registered User
                                            • Jan 2005
                                            • 65

                                            #22
                                            Warning!!!, this guy is from Penthouse

                                            This guy is from Ibill/Penthouse, we busted his ass on the Xbiz.com board when the admin did a reverse IP lookup and found him to be in Deerfield Beach, home of the ibill board members.

                                            Facts are IBD stock is and will always be worthless. Ibiil is lucky now to still be doing 1 million in transactions per month, yes its that bad there. The only business Ibill has left is the rebills which is dieing quickly as people are just canceling them and telling their members to sign under another processor.

                                            Check out the link to where he posted exact same thing on Xbiz. name (wonderdog):
                                            http://boards.xbiz.com/showthread.php3?threadid=24478

                                            What they are doing is pure fraud plain and simple, coming up with excuse after excuse in order to buy time to steal money from Ibill's clients.

                                            Comment

                                            • Scottybunky
                                              Registered User
                                              • Feb 2003
                                              • 86

                                              #23
                                              Read this... it gives you a little background on history of the owners of the new Penthouse that now owns Ibill. Jason was one the ones speaking to you in the November Ibill Confrence Call where they said payments were on sqeudule and that we would start receiving our first payment in December for monies owed.

                                              http://xbiz.com/news_piece.php?id=25...0International
                                              Scotyty

                                              Comment

                                              • Scottybunky
                                                Registered User
                                                • Feb 2003
                                                • 86

                                                #24
                                                for example

                                                "He is the son of John Peter Galanis, who bilked investors of $400 million before he was sent to prison. Jason Galanis has never been convicted of a crime, but served as chief executive in 2001 of EGX Funds Transfer (formerly known as Incubator Capital), a once-publicly traded financial processing outfit."

                                                and

                                                "Jason Galanis and his brother and business partner Derek were arrested as part of a big Drug Enforcement Agency bust of a San Diego ecstasy manufacturing and distribution ring, Forbes said. Derek Galanis was convicted and sentenced to 11 years in jail, but charges were dropped against Jason Galanis"
                                                Scotyty

                                                Comment

                                                • MandyBlake
                                                  The one and only!
                                                  • Nov 2002
                                                  • 17761

                                                  #25
                                                  Originally posted by ibill-fraud
                                                  This guy is from Ibill/Penthouse, we busted his ass on the Xbiz.com board when the admin did a reverse IP lookup and found him to be in Deerfield Beach, home of the ibill board members.

                                                  Facts are IBD stock is and will always be worthless. Ibiil is lucky now to still be doing 1 million in transactions per month, yes its that bad there. The only business Ibill has left is the rebills which is dieing quickly as people are just canceling them and telling their members to sign under another processor.

                                                  Check out the link to where he posted exact same thing on Xbiz. name (wonderdog):
                                                  http://boards.xbiz.com/showthread.php3?threadid=24478

                                                  What they are doing is pure fraud plain and simple, coming up with excuse after excuse in order to buy time to steal money from Ibill's clients.
                                                  who are you that you know how many transactions ibill is doing each month?
                                                  i wonder who you work for....
                                                  Mandy's Playhouse
                                                  Her First Fat Girl
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                                                  Comment

                                                  • Webby
                                                    Too lazy to set a custom title
                                                    • Oct 2002
                                                    • 14956

                                                    #26
                                                    Taniwha:

                                                    PHSL Worldwide, Inc. Announces $10.4 Million Payment Expected by January 31, 2005
                                                    As for this bullshit issued by none other than those with an interest - if you seriously think nothing is going to happen before the January 31st, you must live in lala land.

                                                    I'm getting $55.4 million on the January 18 - anyone getting more that they care to announce and add to the GFY bullshit?? :-)

                                                    It's past delaying crap Taniwha... but I wish you the best none the less :-)
                                                    XXX TLD's - Another mosquito to swat.

                                                    Comment

                                                    • JFK
                                                      FUBAR the ORIGINATOR
                                                      • Jan 2002
                                                      • 67369

                                                      #27
                                                      Originally posted by quiet
                                                      nice....
                                                      I wouldnt open those just yet

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                                                      Comment

                                                      • quiet
                                                        we'll miss you our friend. RIP
                                                        • Sep 2001
                                                        • 25115

                                                        #28
                                                        Originally posted by JFK
                                                        I wouldnt open those just yet
                                                        lol, they were all opened by the time that pic was taken, on new years
                                                        we'll miss you our friend. RIP

                                                        Comment

                                                        • Dawgy
                                                          Confirmed User
                                                          • Jul 2001
                                                          • 5856

                                                          #29
                                                          well they must be doing something. some larger companies are still getting paid by ibill, each and every week, without delay...
                                                          the revolution is coming.

                                                          Comment

                                                          • DEA - banned for life
                                                            V.I.P.
                                                            • Nov 2004
                                                            • 7886

                                                            #30
                                                            Still no word from IBill to its clients on the CMI page ..10 days since they last updated it.For a company that has been in buissness for 9 years and considers itself a leader in the industry..they sure dont show it too there clients.

                                                            Comment

                                                            • Hinc
                                                              Confirmed User
                                                              • Oct 2004
                                                              • 2577

                                                              #31
                                                              Originally posted by DEA
                                                              Still no word from IBill to its clients on the CMI page ..10 days since they last updated it.For a company that has been in buissness for 9 years and considers itself a leader in the industry..they sure dont show it too there clients.
                                                              Hmmm no, in any other case one would find it strange. In this case the sound of silence is just another song out of tone from ibill....
                                                              webmaster @ adultlist. com

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                                                              • brand0n
                                                                been very busy
                                                                • Nov 2002
                                                                • 26983

                                                                #32
                                                                new flash. ibill is going to close. wake up and smell the coffee
                                                                want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

                                                                Comment

                                                                • Gottis
                                                                  Confirmed User
                                                                  • May 2004
                                                                  • 1746

                                                                  #33
                                                                  They really gonna show up in Vegas?
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                                                                  Comment

                                                                  • misty_dayz
                                                                    Confirmed User
                                                                    • Jun 2004
                                                                    • 475

                                                                    #34
                                                                    I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.

                                                                    Comment

                                                                    • MandyBlake
                                                                      The one and only!
                                                                      • Nov 2002
                                                                      • 17761

                                                                      #35
                                                                      Originally posted by misty_dayz
                                                                      I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.
                                                                      i agree!
                                                                      Mandy's Playhouse
                                                                      Her First Fat Girl
                                                                      If you're interested in promoting my sites, ICQ me! 178411921

                                                                      Comment

                                                                      • Pleasurepays
                                                                        BANNED - SUPPORTING TUBES
                                                                        • Aug 2002
                                                                        • 11913

                                                                        #36
                                                                        These Ibill reps remind me of the good old days on Netpond and elsewhere when Ibill was giving spammers the ability to create unlimited sub accounts under their master account and spam away leaving all money in the master account.... THEN someone would make a fuss on the boards about someone spamming or billing questionable sites with Ibill as the processor and a rep would show up thanking them and informing everyone that the account in question had been terminated while knowing all the while who it was, while giving them their own e-mail lists from their customer data base (i.e. the customers that other webmasters sent from their own sites) and knowing that the individual still had 100 other accounts and would never miss a beat.

                                                                        Its all show. An Ibill rep is here posting their own press releases. So what? Some of you fucking idiots would make perfect cult members... you just need to be told what to believe and facts have nothing to do with it. I can't believe how clueless people can be. All that matters is that your checks come on time and that you are satisfied that they will continue to come on time.

                                                                        Comment

                                                                        • Webby
                                                                          Too lazy to set a custom title
                                                                          • Oct 2002
                                                                          • 14956

                                                                          #37
                                                                          misty_dayz:

                                                                          I can honestly say that I do hope iBill pulls through. This industry needs as many processors as possible. The future isn't set in stone...they could go under...they could survive. At least they have not given up yet and are still trying.
                                                                          Agree Misty! The biz needs as many TPP's as possible, - tho how long that model will last may be another story.

                                                                          On iBill, the problem was there a long while past. Even when ownership changed the debt was $22million (least the official figure). That was compounded by Penthouse, a corp operating under some Chapter whatever attempting to skin the last flesh off iBill and gain some cred for itself in the process.

                                                                          The other major problem is that the management "faces" are not folks who should be near money, - especially other people's money. Their track records make people nervious, including banks - and I'm not just talking about First Data.

                                                                          There is a lot of "face" going on, some in subtle ways (such as naming corps "Penthouse Financial" blah when they have no cash and nada cred!). The announcement of $10.4 million is just more paper-shuffling by these same dubious people - they have just written their own "references".

                                                                          Who knows.. but I suspect there is little or no problem raising money for iBill if the "management" put their money where there mouth is - some have done enough "deals" on the side to have that kind of money, - tho it may be a matter of "easy come, easy go" or that the funds just can't be shown :-)

                                                                          With the current management "faces" (not all of em!), I would not trust anything they say and even less with entrusting them with 5 cents. Some of these people are "known" - not just in the US.
                                                                          Last edited by Webby; 01-03-2005, 10:38 AM.
                                                                          XXX TLD's - Another mosquito to swat.

                                                                          Comment

                                                                          • sharpx9
                                                                            Registered User
                                                                            • Sep 2004
                                                                            • 2085

                                                                            #38
                                                                            hmmmmmmm

                                                                            Comment

                                                                            • jimmyf
                                                                              OU812
                                                                              • Feb 2001
                                                                              • 12651

                                                                              #39
                                                                              Originally posted by Pleasurepays
                                                                              Its all show. An Ibill rep is here posting their own press releases. So what? Some of you fucking idiots would make perfect cult members... you just need to be told what to believe and facts have nothing to do with it. I can't believe how clueless people can be. All that matters is that your checks come on time and that you are satisfied that they will continue to come on time.

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                                                                              • MandyBlake
                                                                                The one and only!
                                                                                • Nov 2002
                                                                                • 17761

                                                                                #40
                                                                                all these threads prove that some people have wayyyy too much time on their hands lol
                                                                                Mandy's Playhouse
                                                                                Her First Fat Girl
                                                                                If you're interested in promoting my sites, ICQ me! 178411921

                                                                                Comment

                                                                                • Webby
                                                                                  Too lazy to set a custom title
                                                                                  • Oct 2002
                                                                                  • 14956

                                                                                  #41
                                                                                  MandyBlake:

                                                                                  all these threads prove that some people have wayyyy too much time on their hands
                                                                                  You think? :-) For GFY this subject is not new nor a subject that will end with iBill. Just run your eye down the current threads on GFY and compare - then appreciate what is crap and what may be of relevance to many webmasters.

                                                                                  If you have time on your hands to comment, not on the subject, but other posts - it may be you have too much time on your hands? Why even read them, nevermind comment on them? :-)
                                                                                  XXX TLD's - Another mosquito to swat.

                                                                                  Comment

                                                                                  • DEA - banned for life
                                                                                    V.I.P.
                                                                                    • Nov 2004
                                                                                    • 7886

                                                                                    #42
                                                                                    Originally posted by Webby
                                                                                    MandyBlake:



                                                                                    You think? :-) For GFY this subject is not new nor a subject that will end with iBill. Just run your eye down the current threads on GFY and compare - then appreciate what is crap and what may be of relevance to many webmasters.

                                                                                    If you have time on your hands to comment, not on the subject, but other posts - it may be you have too much time on your hands? Why even read them, nevermind comment on them? :-)
                                                                                    Well said

                                                                                    Comment

                                                                                    • pornguy
                                                                                      Too lazy to set a custom title
                                                                                      • Mar 2003
                                                                                      • 62910

                                                                                      #43
                                                                                      I would not plan on seeing any money any time soon.
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                                                                                      • Paul Markham
                                                                                        Too old to care
                                                                                        • Jun 2001
                                                                                        • 52942

                                                                                        #44
                                                                                        Originally posted by Scottybunky
                                                                                        Read this... it gives you a little background on history of the owners of the new Penthouse that now owns Ibill. Jason was one the ones speaking to you in the November Ibill Confrence Call where they said payments were on sqeudule and that we would start receiving our first payment in December for monies owed.

                                                                                        http://xbiz.com/news_piece.php?id=25...0International
                                                                                        The most important part of that article is this.

                                                                                        Tuesday, March 23, 2004
                                                                                        Anyone who stuck with Ibill after that date only needs to look in the mirror to see who to blame.

                                                                                        Fist Data got out probably as soon as they could, Visa/MC have shown their colours by sticking with them. People who stayed with Ibill can really only blame themselves. It's not like this was a complete surprise to people.

                                                                                        Why are Ibill still operating? Well the executives are all being paid and getting their full wages, need I say more.

                                                                                        If you are owed an amount from Ibill that is growing by the month then you know what is happening, if the amount they owe you is being reduced then you have to watch very closely. But in my opinion they will sink and take a lot of money, including the 10% 6 month reserve with them.



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                                                                                        Comment

                                                                                        • Webby
                                                                                          Too lazy to set a custom title
                                                                                          • Oct 2002
                                                                                          • 14956

                                                                                          #45
                                                                                          charly:

                                                                                          But in my opinion they will sink and take a lot of money, including the 10% 6 month reserve with them.
                                                                                          Na Charly... you forgot they are gonna pay near the end of January with $10.4 mill. Some asshole with a faulty calculator worked out that's all that's needed to rise from the ashes.
                                                                                          XXX TLD's - Another mosquito to swat.

                                                                                          Comment

                                                                                          • Paul Markham
                                                                                            Too old to care
                                                                                            • Jun 2001
                                                                                            • 52942

                                                                                            #46
                                                                                            <sarcasm>
                                                                                            Originally posted by Webby
                                                                                            charly:



                                                                                            Na Charly... you forgot they are gonna pay near the end of January with $10.4 mill. Some asshole with a faulty calculator worked out that's all that's needed to rise from the ashes.
                                                                                            </sarcasm>

                                                                                            For those who thought you were serious.



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                                                                                            • quiet
                                                                                              we'll miss you our friend. RIP
                                                                                              • Sep 2001
                                                                                              • 25115

                                                                                              #47
                                                                                              ARS is very stupid

                                                                                              /sarcasm.
                                                                                              we'll miss you our friend. RIP

                                                                                              Comment

                                                                                              • Webby
                                                                                                Too lazy to set a custom title
                                                                                                • Oct 2002
                                                                                                • 14956

                                                                                                #48
                                                                                                charly:

                                                                                                For those who thought you were serious.
                                                                                                Moi??? Sarcasm??
                                                                                                XXX TLD's - Another mosquito to swat.

                                                                                                Comment

                                                                                                • Paul Markham
                                                                                                  Too old to care
                                                                                                  • Jun 2001
                                                                                                  • 52942

                                                                                                  #49
                                                                                                  Originally posted by quiet
                                                                                                  ARS is very stupid

                                                                                                  /sarcasm.
                                                                                                  Are you saying IBILL will pull out of this?



                                                                                                  Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500.
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                                                                                                  • Webby
                                                                                                    Too lazy to set a custom title
                                                                                                    • Oct 2002
                                                                                                    • 14956

                                                                                                    #50
                                                                                                    Mmmm... Save me getting off my ass :-)

                                                                                                    Does anyone know off the top of their head, where exactly iBill has a Euro prescence??

                                                                                                    There was some Cyprus corp.. can't remember tho, that may be CCBill :-)

                                                                                                    They have some messenger boy mouths in London... anyone know if there is a company belonging to iBill there?
                                                                                                    XXX TLD's - Another mosquito to swat.

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