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?

Definately!

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 :-)

According to Yahoo, IBD's market cap is $6.74 million.

http://finance.yahoo.com/q?s=IBD

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 :-)