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Originally Posted by precise
Ibill situation is not a situation of a business in distress, but rather of a crime in progress.
Galanis and gang never had any intentions of repaying the debts (which was part of the deal when they got Ibill for peanuts in cash) and saving the company.
They just use the shell of what once was a leading adult processor - Ibill, same as they use Penthouse, to con more naive investors/share holders into a bigger trap. And so on.
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Just catching up on this thread... That's a very meaningful post precise!
There was a time when Jason and some "associates" were out hyping the hell on share values while at the same time iBill was sinking and they were also hyping the accounts of Penthouse (PHSL).
Gotta agree with you that there is little interest in the iBill shell which is now fronted by Spaniak/Markley and co via IBDI - with some dummies left in iBill - and while the motivators raise a screen of "non-participation". It's a matter of scheduling, timing and slipping into the background.