Ibill Update ! - GoFuckYourself.com

Sophmaster · 02-17-2005, 01:00 PM

Company Update 02/17/05
Dear Clients We would like to update you on several recent events that have occurred at iBill.

On January 21st it was announced that Interactive Brand Development (?IBD?), a publicly traded company, had acquired iBill and began committing the resources necessary to return iBill to a respectable and profitable status. For your information, IBD?s assets also include a 36.5% stake in Penthouse Media Group, significant investments in broadband TV and interactive media properties.

IBD?s decision to acquire iBill was based upon a full understanding of the issues facing iBill?s business, and we are focusing our energies and resources on achieving a turn around at iBill both through financial settlement with our clients and exploiting our innovative and secure products for current and future business.

IBD has engaged a top-tier restructuring firm to oversee the day to day operations and management of iBill in cooperation with IBD?s senior executives. As such, IBD is confident that iBill will be managed with proper corporate governance.

As part of this turn around initiative, iBill obtained an initial $2.0 million investment on December 30. Based on the plan being established in conjunction with our consultants, iBill and IBD have arranged for additional capital injections into iBill above this amount with a view of supporting and growing iBill while it continues to resolve the effects of the September 16th events.

Over the last five months there have been announcements regarding the funding of past due amounts. One of the first objectives of IBD?s management will be to address this primary concern through an organized and cohesive plan. This plan will be rolled out in the next few weeks and will supercede any previous announcements or commitments. We expect to update you on this progress no later than March 9th, 2005.

As you may be aware, Cathy Beardsley, iBill?s President, has announced that she will be leaving iBill to purse other interests. While IBD regrets Cathy?s departure we note that she chose both in the interests of iBill?s clients and employees to remain at iBill during the very difficult months of uncertainty while IBD evaluated iBill?s business. It is largely due to her efforts that IBD was able to feel comfortable in our ability to address iBill?s financial issues and complete this acquisition to the benefit of iBill?s clients. Over the next 30 days, Cathy will be working with IBD management to ensure the finalization of the First Data reserve release as well as the implementation of the Inteca trusted third party payment program for our European clients. She may also continue to work with iBill on a freelance basis going forward.

IBD recognizes that iBill?s clients have been through a difficult period caused primarily by events now rumored to be affecting others in our industry. Our experience in dealing with these same events has resulted in the implementation of the gkard debit card payment solution. This secure product has been tried and tested over the past several months to the benefit of many of iBill?s clients. As part of a new and strong organization, iBill stands ready to apply our experience and these products to existing and future clients.

Sincerely

Interactive Brand Development Inc

Is that a good news or ? .....

Doctor Dre · 02-17-2005, 01:01 PM

same bullshit

Fetish Gimp · 02-17-2005, 01:06 PM

Quote:

Originally Posted by Doctor Dre

same bullshit

Quote:

Originally Posted by iBill

Over the last five months there have been announcements regarding the funding of past due amounts. One of the first objectives of IBD?s management will be to address this primary concern through an organized and cohesive plan. This plan will be rolled out in the next few weeks and will supercede any previous announcements or commitments. We expect to update you on this progress no later than March 9th, 2005.

'Round and 'round and 'round she goes, where she stops, nobody knows!

directfiesta · 02-17-2005, 01:24 PM

Quote:

Originally Posted by Fetish Gimp

'Round and 'round and 'round she goes, where she stops, nobody knows!

WTF Am I laughing : because I am MOVING FORWARD

keyboard warrior · 02-17-2005, 01:30 PM

Who gives a fuck about all that SHIT!

Wheres my fucking money.

Tipsy · 02-17-2005, 01:53 PM

Quote:

Originally Posted by Doctor Dre

same bullshit

I'd go as far as to say there's even more 'half-truths' than ever in this. Read it closely and compare their spin with the facts and you'll see what I mean.

MickeyG · 02-17-2005, 01:58 PM

sure let's all just wait around for another month and hope to get paid, while you continue to collect our customers monies. I don't think so fuck heads.

The Stickman · 02-17-2005, 01:59 PM

Can you smellllllllllllllllllllllllll it???

PerfectionGirls · 02-17-2005, 02:00 PM

Quote:

IBD recognizes that iBill?s clients have been through a difficult period caused primarily by events now rumored to be affecting others in our industry.

I find this line very interesting. Casting doubt on the other processors in the industry is an interesting spin for sure.

DEA - banned for life · 02-17-2005, 02:06 PM

<-----Wonders How long until Webby shows up and spews his propaganda to add fuel to an already out of control fire..

02-17-2005, 02:20 PM

yes, where is money?

Webby · 02-17-2005, 02:47 PM

Quote:

Originally Posted by DEA

<-----Wonders How long until Webby shows up and spews his propaganda to add fuel to an already out of control fire..

Only a few minutes and I'll be there!!

And.. my "propaganda" for the day is:

I don't give one shit about IBD, PHSL or the banking arrangements of iBill - that is the responsibility of iBill management and no other person.

The only thing that concerns clients of iBill is -

1) Where is the fucking money that is owed?

2) When, if ever, are iBill going to quit breaching their agreement with clients?

Now.. the "propaganda" bit, if it can be called that - They all need thrown in jail for various offenses and iBill liquidated immediately and passed to responsible people to clean up before banks pay any funds to them.

Zester · 02-17-2005, 03:41 PM

that's not new, really

DEA - banned for life · 02-17-2005, 04:02 PM

Quote:

Originally Posted by Webby

Only a few minutes and I'll be there!!

And.. my "propaganda" for the day is:

I don't give one shit about IBD, PHSL or the banking arrangements of iBill - that is the responsibility of iBill management and no other person.

The only thing that concerns clients of iBill is -

1) Where is the fucking money that is owed?

2) When, if ever, are iBill going to quit breaching their agreement with clients?

Now.. the "propaganda" bit, if it can be called that - They all need thrown in jail for various offenses and iBill liquidated immediately and passed to responsible people to clean up before banks pay any funds to them.

Thanks for sharing....You always bring another way of looking at the ibill situation..for that i commend you

Jer · 02-17-2005, 04:14 PM

Webby · 02-17-2005, 04:30 PM

Quote:

Originally Posted by DEA

Thanks for sharing....You always bring another way of looking at the ibill situation..for that i commend you

Seriously DEA - I'd be fucking ashamed to be involved in a company like that.

From the very beginning it was a saga of neglect and smart ass bullshit - ie.. they were even given notice of the First Data withdrawal, but did nothing.

There is no doubt that funds from banks were siphoned off to other areas and not paid to the actual owners of the funds. It's like dealing with a cowboy bank in Texas in the 1800's.

There is loads more stuff, (can't say here).. but where even iBill management could not even refute allegations with any evidence, although they did claimed they would and could, - but failed that test. Basically they talk shit - you could call it lies or broken promises/commitments - whatever words suit the occasion :-)

As a company - they are a disgrace. Not because they claim to have no funds - that can happen to anyone, - but the lies, deceit and bullshit are a joke.

Only my

, - I'd prefer to see them liquidated and action for reclaiming funds diverted for other purposes. There could be, -wishful thinking, - a chance of collecting five cents on the dollar.

SmokeyTheBear · 02-17-2005, 04:37 PM

If the checks not in your hand then sue and get in in your hands quick before its gone.

I cant see how much longer they could possibly continue illegal billing and theft.

Shoplifter · 02-17-2005, 04:46 PM

I had some real hopes after hearing the trustee news last week, this is quite a downer.

I've maintained in the past that they have to get someone who is a bit sharper to do their releases. There are a couple of gaffes in there in regards to Gkard and to the investment, which is actually listed as a loan on their SEC filing. Maybe there is an investment secured to the line of credit who knows.

I can understand the March 9 date as it gets into the ballpark of a 6 month duration for First Data holding their funds. I'm guessing that none of us can expect anything paid out before the First Data release.

Hoping hoping hoping.

BDBionic · 02-17-2005, 05:12 PM

CliffNotes version of that announcement:

"iBill is pleased to announce that we'll be announcing an upcoming announcement soon."

I'm glad they feel so happy about IBD being a publicly traded company that they pointed it out so early in that announcement announcing an upcoming announcement in a few weeks time. Too bad The AMEX doesn't feel the same way .

FlexxAeon · 02-17-2005, 05:20 PM

Quote:

Originally Posted by BDBionic

CliffNotes version of that announcement:

"iBill is pleased to announce that we'll be announcing an upcoming announcement soon."

I'm glad they feel so happy about IBD being a publicly traded company that they pointed it out so early in that announcement announcing an upcoming announcement in a few weeks time. Too bad The AMEX doesn't feel the same way .

LOL

Kimmykim · 02-17-2005, 05:25 PM

"IBD recognizes that iBill?s clients have been through a difficult period caused primarily by events now rumored to be affecting others in our industry."

Unreal. I swear I think by now the boys would have learned that if you kick sand sometimes it ends up in your own eyes.

tungsten · 02-17-2005, 05:36 PM

Quote:

Originally Posted by BDBionic

CliffNotes version of that announcement:

"iBill is pleased to announce that we'll be announcing an upcoming announcement soon."

I'm glad they feel so happy about IBD being a publicly traded company that they pointed it out so early in that announcement announcing an upcoming announcement in a few weeks time. Too bad The AMEX doesn't feel the same way .

Cogitator · 02-17-2005, 05:51 PM

SophMaster. Soph is short for sophistry? As in master of sophistry? Very funny ...not

from Dictionary.com:

1. Plausible but fallacious argumentation.
2. A plausible but misleading or fallacious argument.

Cogitator · 02-17-2005, 05:58 PM

The definition is for the word "Sophistry".

Centurion · 02-17-2005, 06:12 PM

Short version of that message:
"Please continue to be a sucker & send us signups for which we will never pay you."

Sophmaster · 02-18-2005, 05:31 AM

Quote:

Originally Posted by Cogitator

SophMaster. Soph is short for sophistry? As in master of sophistry? Very funny ...not

from Dictionary.com:

1. Plausible but fallacious argumentation.
2. A plausible but misleading or fallacious argument.

mmmm .... try it this way :

SOPH : like SOPHDREAM.COM
MASTER : like WEBMASTER

BETTER THAT WAY !

VWP_Eric · 02-18-2005, 05:32 AM

what an update

Observing · 02-18-2005, 05:47 AM

Oh my god.... what a bunch of worthless manure

BuggyG · 02-18-2005, 07:03 AM

Quote:

Originally Posted by keyboard warrior

Who gives a fuck about all that SHIT!

Wheres my fucking money.

everyone who agrees.. say "eye"

or somethign else.. anyways.. just go along.. humor me
LOL

02-17-2005, 01:00 PM	#1
Sophmaster Confirmed User Join Date: Jul 2004 Location: Canada Posts: 310	Ibill Update ! Company Update 02/17/05 Dear Clients We would like to update you on several recent events that have occurred at iBill. On January 21st it was announced that Interactive Brand Development (?IBD?), a publicly traded company, had acquired iBill and began committing the resources necessary to return iBill to a respectable and profitable status. For your information, IBD?s assets also include a 36.5% stake in Penthouse Media Group, significant investments in broadband TV and interactive media properties. IBD?s decision to acquire iBill was based upon a full understanding of the issues facing iBill?s business, and we are focusing our energies and resources on achieving a turn around at iBill both through financial settlement with our clients and exploiting our innovative and secure products for current and future business. IBD has engaged a top-tier restructuring firm to oversee the day to day operations and management of iBill in cooperation with IBD?s senior executives. As such, IBD is confident that iBill will be managed with proper corporate governance. As part of this turn around initiative, iBill obtained an initial $2.0 million investment on December 30. Based on the plan being established in conjunction with our consultants, iBill and IBD have arranged for additional capital injections into iBill above this amount with a view of supporting and growing iBill while it continues to resolve the effects of the September 16th events. Over the last five months there have been announcements regarding the funding of past due amounts. One of the first objectives of IBD?s management will be to address this primary concern through an organized and cohesive plan. This plan will be rolled out in the next few weeks and will supercede any previous announcements or commitments. We expect to update you on this progress no later than March 9th, 2005. As you may be aware, Cathy Beardsley, iBill?s President, has announced that she will be leaving iBill to purse other interests. While IBD regrets Cathy?s departure we note that she chose both in the interests of iBill?s clients and employees to remain at iBill during the very difficult months of uncertainty while IBD evaluated iBill?s business. It is largely due to her efforts that IBD was able to feel comfortable in our ability to address iBill?s financial issues and complete this acquisition to the benefit of iBill?s clients. Over the next 30 days, Cathy will be working with IBD management to ensure the finalization of the First Data reserve release as well as the implementation of the Inteca trusted third party payment program for our European clients. She may also continue to work with iBill on a freelance basis going forward. IBD recognizes that iBill?s clients have been through a difficult period caused primarily by events now rumored to be affecting others in our industry. Our experience in dealing with these same events has resulted in the implementation of the gkard debit card payment solution. This secure product has been tried and tested over the past several months to the benefit of many of iBill?s clients. As part of a new and strong organization, iBill stands ready to apply our experience and these products to existing and future clients. Sincerely Interactive Brand Development Inc Is that a good news or ? ..... __________________ AIM : webcashmaker Email: infoATwebcashmaker.com WebCashMaker Program

02-17-2005, 01:30 PM	#5
keyboard warrior Confirmed User Join Date: Jul 2004 Posts: 1,435	Who gives a fuck about all that SHIT! Wheres my fucking money. __________________ - nothing here -

02-17-2005, 01:59 PM	#8
The Stickman Confirmed User Join Date: Nov 2004 Location: Between the the first and last Hurricane... Posts: 263	Can you smellllllllllllllllllllllllll it??? __________________ We don't live in a world of reality, we live in a world of perceptions.

02-17-2005, 03:41 PM	#13
Zester Confirmed User Industry Role: Join Date: Jul 2003 Posts: 5,344	that's not new, really __________________ * Mainstream ? $65 per sale * new male contraception

02-17-2005, 04:37 PM	#17
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	If the checks not in your hand then sue and get in in your hands quick before its gone. I cant see how much longer they could possibly continue illegal billing and theft. __________________ hatisblack at yahoo.com

02-17-2005, 01:58 PM	#7
MickeyG Confirmed User Join Date: May 2004 Location: South Florida Posts: 4,134	sure let's all just wait around for another month and hope to get paid, while you continue to collect our customers monies. I don't think so fuck heads.

02-17-2005, 02:06 PM	#10
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	<-----Wonders How long until Webby shows up and spews his propaganda to add fuel to an already out of control fire..

02-17-2005, 02:20 PM	#11
Alex Xe Guest Posts: n/a	yes, where is money?

02-17-2005, 04:14 PM	#15
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601

02-17-2005, 04:46 PM	#18
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,724	I had some real hopes after hearing the trustee news last week, this is quite a downer. I've maintained in the past that they have to get someone who is a bit sharper to do their releases. There are a couple of gaffes in there in regards to Gkard and to the investment, which is actually listed as a loan on their SEC filing. Maybe there is an investment secured to the line of credit who knows. I can understand the March 9 date as it gets into the ballpark of a 6 month duration for First Data holding their funds. I'm guessing that none of us can expect anything paid out before the First Data release. Hoping hoping hoping. Last edited by Shoplifter; 02-17-2005 at 04:48 PM..

02-17-2005, 05:12 PM	#19
BDBionic Registered User Join Date: Sep 2003 Location: Los Angeles, CA Posts: 14	CliffNotes version of that announcement: "iBill is pleased to announce that we'll be announcing an upcoming announcement soon." I'm glad they feel so happy about IBD being a publicly traded company that they pointed it out so early in that announcement announcing an upcoming announcement in a few weeks time. Too bad The AMEX doesn't feel the same way .

02-17-2005, 05:25 PM	#21
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	"IBD recognizes that iBill?s clients have been through a difficult period caused primarily by events now rumored to be affecting others in our industry." Unreal. I swear I think by now the boys would have learned that if you kick sand sometimes it ends up in your own eyes.

02-17-2005, 05:51 PM	#23
Cogitator Confirmed User Join Date: Feb 2002 Location: Florida Posts: 672	SophMaster. Soph is short for sophistry? As in master of sophistry? Very funny ...not from Dictionary.com: 1. Plausible but fallacious argumentation. 2. A plausible but misleading or fallacious argument. __________________ - this space intentionally left blank - Last edited by Cogitator; 02-17-2005 at 05:52 PM..

02-17-2005, 05:58 PM	#24
Cogitator Confirmed User Join Date: Feb 2002 Location: Florida Posts: 672	The definition is for the word "Sophistry". __________________ - this space intentionally left blank -

02-17-2005, 06:12 PM	#25
Centurion Confirmed User Industry Role: Join Date: Dec 2002 Location: SeATtle Posts: 6,033	Short version of that message: "Please continue to be a sucker & send us signups for which we will never pay you." __________________

02-18-2005, 05:32 AM	#27
VWP_Eric Registered User Join Date: Feb 2005 Posts: 1	what an update

02-18-2005, 05:47 AM	#28
Observing Confirmed User Join Date: Jan 2004 Posts: 809	Oh my god.... what a bunch of worthless manure __________________ ICQ: 278-457-533