So are all of us MADISON AVENUE advertisers fucked on our funds in the accounts?
 

Looks that way.

No way to log in.

No way to adjust campaigns.

All previous ways into the admins are errored with this error


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What the fuck is going on?

Where is Mark Womack?

Yipes, that doesn't sound good.

:Oh crap

T minus 5 posts till "don't worry he's a great guy, shared a Michelob light at a show once".

Apparently, he's getting ready for his birthday party.

That company is so big there's no way thatll happen
/enron

"We regret to inform you that MadisonAvenue.com will cease operations no later than August 14th, 2009. For more information please contact [email protected]"
(their homepage states this in the top right corner)

Yep, I was told by Marc Womack Chief Executive Officer that they are closing their office when I asked how much I was owed for mobile traffic lol.. so I guess we won't get our money. :mad:

sucks balls.

Glad I didn't go for that 5k campaign they pitched me last week.

this is fucking bull shit

wow. that's fucked.

Happy Birthday Mark! :1orglaugh

Damn that's pretty fucked if they were still trying to scam people out of advertising money knowing they were closing shop.

:1orglaugh:1orglaugh:1orglaugh

HOLY CWRAP BATMAN
http://4.bp.blogspot.com/_Kd7HzYVR2T...400/batdog.jpg

Chargeback city batman

got lette from Marc


I've got some news for you on your outstanding payment and I apologize this is a cut/paste email but I've got a ton of folks to send this to.



Unfortunately the news isn't good. We're shutting down MadAve most likely on Monday. We've been operating at a loss from day one and we're simply out of money. Last month I closed the office keeping on only the head programmer, support guy, and sales guy in hopes to bring us to profitability. This might have worked in 3-4 months :( But we simply couldn't afford to keep things going until then. I've spent the last 30 days trying to find a "buyer" for the system to keep it running. I put "buyer" in quotes because I wasn't even trying to sell MadAve for money. I was offering the domain name, the software, everything for the cost of assuming all the debt by getting Publishers current and keeping the Advertisers campaigns running. Unfortunately with today's crappy economic conditions I couldn't find anyone to take this deal.



So what we're doing is an orderly wind-down of the business. All assets of the company are being collected and will be sold obtaining the highest value possible. We will use the proceeds from this to pay creditors (everyone we owe money to).



When will you get paid? How much will you get paid? I don't have answers to those questions yet. The primary assets of the company are the domain name and the actual software that runs the system. I've put the MadisonAvenue.com domain name under contract RickLatona.com (premier domain broker) to sell. If they haven't found a buyer by their next big auction (in October) they'll auction it off then. Generating money to pay creditors off the software itself is going to be tougher. Someone has to have need of an ad sales and ad serving network. Also I'm hoping to find people who are willing to license the software rather than buy it outright and exclusively. This way we can lease it to multiple people to generate even more income to pay off creditors with. Really just depends on what buyers we can find, what they want, and what will generate the most revenue to pay folks off with.



I've already started getting hatemail on this and I know the message boards are on fire. Bottom line, I've been paying my own money to keep MadAve alive for six months and I'm flat fucking broke at this point. I'm not sure how I'm paying rent next month. So for what it's worth I fully understand how not being paid on time hurts your bottom line but I assure you mine is worse.



So I'll keep you posted as this progresses. The most important thing right now is for you to pull your MadAve codes and put something else up as those will stop working most likely on Monday. In case someone buys the domain name quickly I suggest saving / using my personal email addy from now on to communicate: [email protected].





Regards,



Marc Womack

Chief Executive Officer

www.MadisonAvenue.com

Cool story bro

that's why i always start small and build up, rather than dump a lot of money into a project and hope it works out.

Anyone believe this?

sounds real to me....

What's to not believe?

That anyone will get paid...for starters closely followed by orderly wind down.

thats how they all do it ... sarah Palin left office with over 1 mil in her PAC. :)

Where is Rick Latona? Isn't that his baby?

I would not be spending it yet.

Perhaps they will pay their creditors in Netpond Points.

I went for it and now i'm fucked out of 5k and some other money that was owed to me for reselling my traffic :mad:

I'm fucked for 8k campaign they asked me to add another 5k in funds 1 week before they went bankrupt so I could get discount. Sounds like scam.

they scammed me for 5k which is still on deposit, i want this back asap

the 5k deals were probably an effort to generate some income to keep everything afloat, not a scam.

I have nothing to do with this other than I am auctioning off the domain for Marc.

I split from that company years ago.

Yes, good effort... specially if he runs that campaign just before closing down, then keeps it all and doesn't pay anybody with it, so he ended stealing even more from that "effort".

this is a pretty fucked up thing

I know someone that deposited 50k in the past weeks.

sounds like some major ownage took place... $5k here,$50k there... altogether 100s of thousands were probably stolen by the sound of it...

That's gotta hurt. Serious money.

That sucks.