I-Bill was denied the motion - GoFuckYourself.com

Rick Latona · 09-22-2004, 10:52 AM

The judge said the agreement was very clear. The motion was denied.

Ice · 09-22-2004, 10:54 AM

Rick Latona · 09-22-2004, 10:54 AM

The TRO was lifted.

NaughtyAmerica · 09-22-2004, 10:55 AM

crockett · 09-22-2004, 10:55 AM

SteveLightspeed · 09-22-2004, 10:56 AM

No shit? So now what happens?

Steve Lightspeed

stocktrader23 · 09-22-2004, 10:58 AM

Quote:

Originally posted by Lightspeed
No shit? So now what happens?

Steve Lightspeed

Hopefully nothing horrible. I've had a sick feeling all day.

MarkTiarra · 09-22-2004, 11:00 AM

Quote:

Originally posted by Lightspeed
No shit? So now what happens?

Steve Lightspeed

Well I'd say you have to figure if First Data didn't want to process their transactions anymore then the lift on the TRO will have them closing it off ASAP. Unless I-Bill is somehow able to negotiate something with them to keep it alive until the new bank is setup but I have to imagine that's not possible since they would have tried that before running to court.

crockett · 09-22-2004, 11:00 AM

.:St Ides:. · 09-22-2004, 11:01 AM

They file a another motion and try something new. If they have a good legal team which they should they should be able to buy themselves time to find a new solution!

PornGeneral · 09-22-2004, 11:01 AM

I figured the judge would do that. Written agreements always get taken over verbal. iBill should have got the extension in writting when dealing with millions of $$. Plus waiting till August 2004 to find another processor to replace one that is expiring in Sept 2004 just doesn't seem like a smart business move when dealing with millions.

IMHO!!!!

stocktrader23 · 09-22-2004, 11:02 AM

Quote:

Originally posted by .:St Ides:.
They file a another motion and try something new. If they have a good legal team which they should they should be able to buy themselves time to find a new solution!

Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.

Nysus · 09-22-2004, 11:04 AM

Quote:

Originally posted by MarkTiarra
Well I'd say you have to figure if First Data didn't want to process their transactions anymore then the lift on the TRO will have them closing it off ASAP. Unless I-Bill is somehow able to negotiate something with them to keep it alive until the new bank is setup but I have to imagine that's not possible since they would have tried that before running to court.

As far as I know processing is already going through a new merchant for them.

Do you really think other banks won't want $800k per day in transactions?

Matt

MarkTiarra · 09-22-2004, 11:04 AM

Quote:

Originally posted by PornGeneral
I figured the judge would do that. Written agreements always get taken over verbal. iBill should have got the extension in writting when dealing with millions of $$. Plus waiting till August 2004 to find another processor to replace one that is expiring in Sept 2004 just doesn't seem like a smart business move when dealing with millions.

IMHO!!!!

That's assuming First Data gave them any indication they would back out. I'm surprised they didn't try to have a new contract with them in place much sooner though. I would think you'd set a date you have to have a new contract by and if it's not in place you go find a new processor, assuming the old one is hedging for a reason.

PornGeneral · 09-22-2004, 11:05 AM

Were they to busy selling off thier corporate stock before this event?? Not a lot of volume in the stock, hmm.

http://finance.yahoo.com/q?s=ibd&d=t

http://biz.yahoo.com/bw/040831/315617_1.html

faisalp · 09-22-2004, 11:05 AM

also, iBill delivered to First Data the notice that Merrick would be taking over their transactions on Sept 15, 2004. The very day that their agreement expired...rushed? or was that a last-minute demand by First Data?

Any lawyers know if there is jurisprudence to support a doctrine of promissory estoppel in the united states?

Calvinguy · 09-22-2004, 11:05 AM

Quote:

Originally posted by Nysus
As far as I know processing is already going through a new merchant for them.

Do you really think other banks won't want $800k per day in transactions?

Matt

Why are you so optimistic in every thread?

Anthony_A · 09-22-2004, 11:05 AM

Quote:

Originally posted by stocktrader23
Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.

I hate to admit it, but you are right.

In their own words from the motion for tro, within days they would be out of business.

WiredGuy · 09-22-2004, 11:06 AM

Time for iBill to begin Plan B. Hopefully they have one.
WG

tony286 · 09-22-2004, 11:06 AM

Quote:

Originally posted by WiredGuy
Time for iBill to being Plan B. Hopefully they have one.
WG

I am sure they do

MarkTiarra · 09-22-2004, 11:06 AM

Quote:

Originally posted by Nysus
As far as I know processing is already going through a new merchant for them.

Do you really think other banks won't want $800k per day in transactions?

Matt

Unfortunately you don't just process $800,000 in sales per day without quite a bit of infrastructure in place. I don't know that they would have set anything up new in such a hurry. I think what's happening now is that FD hasn't shut off the gateway yet since this all just went down. We'll know shortly, that's for sure.

I hope they work something out because if not this will be the single biggest hit this industry has taken since Web800 went down and this one will likely be worse.

ChandieGirl · 09-22-2004, 11:08 AM

Quote:

Originally posted by Rick Latona
The judge said the agreement was very clear. The motion was denied.

BIG statement, for sure.

Rick, where did your info come from?
Seems that there is alot of info being
tossed around. Are you certain the source
is reliable?

C

stocktrader23 · 09-22-2004, 11:08 AM

Quote:

Originally posted by WiredGuy
Time for iBill to begin Plan B. Hopefully they have one.
WG

Duocash?

<I know bad time>

stocktrader23 · 09-22-2004, 11:09 AM

Quote:

Originally posted by tony404
I am sure they do

Even though they say otherwise? I hope you don't have all your assetts with Ibill for your own sake.

Nysus · 09-22-2004, 11:09 AM

Quote:

Originally posted by Calvinguy
Why are you so optimistic in every thread?

You should try it.

This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.

It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.

Matt

WiredGuy · 09-22-2004, 11:10 AM

Quote:

Originally posted by tony404
I am sure they do

It's hard to tell when that company has been bought and sold as frequently as it has been the last year.

WG

Rick Latona · 09-22-2004, 11:11 AM

Quote:

Originally posted by Chandiegirl
BIG statement, for sure.

Rick, where did your info come from?
Seems that there is alot of info being
tossed around. Are you certain the source
is reliable?

C

I had a little birdie on the window ledge in the court room. The source is 100% reliable.

Phoenix · 09-22-2004, 11:11 AM

Quote:

Originally posted by Nysus
You should try it.

This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.

It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.

Matt

300 million a month?

Nysus · 09-22-2004, 11:11 AM

Quote:

Originally posted by MarkTiarra
Unfortunately you don't just process $800,000 in sales per day without quite a bit of infrastructure in place. I don't know that they would have set anything up new in such a hurry. I think what's happening now is that FD hasn't shut off the gateway yet since this all just went down. We'll know shortly, that's for sure.

I hope they work something out because if not this will be the single biggest hit this industry has taken since Web800 went down and this one will likely be worse.

They don't have to create the infrastructure, they have to find a company with an existing infrastructure. There are other companies like First Data.

Matt

PornGeneral · 09-22-2004, 11:11 AM

Saying it again.

Print out your WM agreements and account statements. If it does go bad then you may have proof of a claim. If not its just a good precaution.

stocktrader23 · 09-22-2004, 11:11 AM

Quote:

Originally posted by Nysus
You should try it.

This type of thing isn't going to take down a company doing nearly $300 million in revenues per month. It just won't happen.

It's odd that they wouldn't have a few different backup plans ready to use, but from what I have heard they are managing fine.

Matt

Ummm you knucklehead, they process 300 million in transactions. A huge majority of that is paid out to those who earned it, some is held in reserves, then they have administrative costs. 300 million gross = not much net.

griffin · 09-22-2004, 11:13 AM

From what I can tell IBD stock is currently Halted. Which isn't usually a good sign.

Juicy D. Links · 09-22-2004, 11:14 AM

Quote:

Originally posted by griffin
From what I can tell IBD stock is currently Halted. Which isn't usually a good sign.

hmmmmmmmmmm

Shap · 09-22-2004, 11:15 AM

Damn. This is bad. From what I've heard Rick appears to be right.

Rick Latona · 09-22-2004, 11:17 AM

Quote:

Originally posted by shap
Damn. This is bad. From what I've heard Rick appears to be right.

I wish I wasn't, bro. I wasn't trying to cause shit over the last couple of days. I've been trying to warn everyone.

Bansheelinks · 09-22-2004, 11:18 AM

unreal.............this one's a shocker

Rick Latona · 09-22-2004, 11:18 AM

Ok, pussycash.com uses I-Bill. Who else?

dennisthemenace · 09-22-2004, 11:19 AM

uh boy

AaronM · 09-22-2004, 11:22 AM

Quote:

Originally posted by Rick Latona
I wish I wasn't, bro. I wasn't trying to cause shit over the last couple of days. I've been trying to warn everyone.

When was iBill originally notified by First Data about this?

Oh yeah....Back in may. That's what I thought.

http://gofuckyourself.com/showthread...hreadid=298619

People don't listen, Rick.

Jizar II · 09-22-2004, 11:22 AM

WiredGuy · 09-22-2004, 11:22 AM

Quote:

Originally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?

Seriously, I'd like to see which PPS sponsors uses ibill as primary.
WG

Mutt · 09-22-2004, 11:23 AM

Quote:

Originally posted by shap
Damn. This is bad. From what I've heard Rick appears to be right.

Rick Latona · 09-22-2004, 11:23 AM

Quote:

Originally posted by WiredGuy
Seriously, I'd like to see which PPS sponsors uses ibill as primary.
WG

Me too. I REALLY want to know.

.:St Ides:. · 09-22-2004, 11:23 AM

Quote:

Originally posted by stocktrader23
Some of you never give up. Every once in a while it's ok to let go of blind optimism and prepare for the worst.

I am prepared for the worse. I was with PSW, and other times shit has gone down.

What I way/am trying to say is Ibill must have a plan b, and a plan c. I am sure they did not just put everything into one motion and if it came back no they just go "ok they said no, we're done, shut the doors"

Ibill is and has been a huge company, I have faith they have a few back up plans.

Time will only tell.

PornGeneral · 09-22-2004, 11:23 AM

Yup, stock of iBill's parent company was halted.

$5.85 now ---> $.09 when it opens again. If they can find buyers.

cosis · 09-22-2004, 11:25 AM

Quote:

Originally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?

all the old ARS GIM sites used I-Bill

taboo_dude · 09-22-2004, 11:25 AM

Quote:

Originally posted by Rick Latona
Ok, pussycash.com uses I-Bill. Who else?

I haven't posted on gfy for a while and was saving my comeback post for another reason, but this is too important. Any of our clients that are using ibill please contact us *if* you need our help. Hopefully we can get some clarification here soon....

Phoenix · 09-22-2004, 11:26 AM

i think some of the sponsor list type places have kept track of who uses who as a major processor

atom · 09-22-2004, 11:27 AM

Quote:

Originally posted by PornGeneral
Yup, stock of iBill's parent company was halted.

$5.85 now ---> $.09 when it opens again. If they can find buyers.

ouch, if any of you are processing with them now, hit me up on ICQ. I have a buddy in the banking business that can set up merchant accounts for adult sites.

84541273

Calvinguy · 09-22-2004, 11:27 AM

Quote:

Originally posted by PornGeneral
Yup, stock of iBill's parent company was halted.

$5.85 now ---> $.09 when it opens again. If they can find buyers.

Any links?

09-22-2004, 10:52 AM	#1
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	I-Bill was denied the motion The judge said the agreement was very clear. The motion was denied. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.

09-22-2004, 10:54 AM	#2
Ice Confirmed User Join Date: Nov 2002 Location: Sunny California Posts: 26,053	FUCK __________________ icq 1904905

09-22-2004, 10:54 AM	#3
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	The TRO was lifted. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.

09-22-2004, 10:55 AM	#4
NaughtyAmerica Confirmed User Join Date: Apr 2004 Posts: 366	ouch __________________ Scott [email protected] Skype: naughtyamerica_scott NaughtyAmericaBusiness.com

09-22-2004, 10:55 AM	#5
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 74,500	damn __________________ "If Israelis don't want to be accused of being like the Nazis, they simply need to stop behaving like Nazis." - Norman Finkelstein

09-22-2004, 10:56 AM	#6
SteveLightspeed Confirmed User Join Date: Jul 2001 Location: Lightspeedworld Posts: 7,940	No shit? So now what happens? Steve Lightspeed __________________ Abra-cadabra!

09-22-2004, 11:00 AM	#9
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 74,500	damn __________________ "If Israelis don't want to be accused of being like the Nazis, they simply need to stop behaving like Nazis." - Norman Finkelstein

09-22-2004, 11:01 AM	#10
.:St Ides:. Confirmed User Join Date: Jul 2004 Posts: 4,857	They file a another motion and try something new. If they have a good legal team which they should they should be able to buy themselves time to find a new solution!

09-22-2004, 11:01 AM	#11
PornGeneral Confirmed User Join Date: Sep 2004 Location: In front of computer Posts: 564	I figured the judge would do that. Written agreements always get taken over verbal. iBill should have got the extension in writting when dealing with millions of $$. Plus waiting till August 2004 to find another processor to replace one that is expiring in Sept 2004 just doesn't seem like a smart business move when dealing with millions. IMHO!!!! __________________ "The object of war is not to die for your country but to make the other bastard die for his." -Patton "Only the dead have seen the end of war." -Plato

09-22-2004, 11:05 AM	#15
PornGeneral Confirmed User Join Date: Sep 2004 Location: In front of computer Posts: 564	Were they to busy selling off thier corporate stock before this event?? Not a lot of volume in the stock, hmm. http://finance.yahoo.com/q?s=ibd&d=t http://biz.yahoo.com/bw/040831/315617_1.html __________________ "The object of war is not to die for your country but to make the other bastard die for his." -Patton "Only the dead have seen the end of war." -Plato

09-22-2004, 11:05 AM	#16
faisalp Registered User Join Date: Jan 2002 Posts: 46	also, iBill delivered to First Data the notice that Merrick would be taking over their transactions on Sept 15, 2004. The very day that their agreement expired...rushed? or was that a last-minute demand by First Data? Any lawyers know if there is jurisprudence to support a doctrine of promissory estoppel in the united states?

09-22-2004, 11:06 AM	#19
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,363	Time for iBill to begin Plan B. Hopefully they have one. WG __________________ I play with Google.

09-22-2004, 11:11 AM	#30
PornGeneral Confirmed User Join Date: Sep 2004 Location: In front of computer Posts: 564	Saying it again. Print out your WM agreements and account statements. If it does go bad then you may have proof of a claim. If not its just a good precaution. __________________ "The object of war is not to die for your country but to make the other bastard die for his." -Patton "Only the dead have seen the end of war." -Plato

09-22-2004, 11:13 AM	#32
griffin Registered User Join Date: May 2003 Posts: 87	From what I can tell IBD stock is currently Halted. Which isn't usually a good sign.

09-22-2004, 11:15 AM	#34
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Damn. This is bad. From what I've heard Rick appears to be right.

09-22-2004, 11:18 AM	#36
Bansheelinks Confirmed User Join Date: Apr 2003 Posts: 6,023	unreal.............this one's a shocker

09-22-2004, 11:19 AM	#38
dennisthemenace Confirmed User Join Date: Feb 2003 Location: In the present moment Posts: 2,667	uh boy __________________ All the best to you

09-22-2004, 11:22 AM	#40
Jizar II Confirmed User Industry Role: Join Date: May 2001 Location: LLL© Posts: 1,425

09-22-2004, 11:23 AM	#45
PornGeneral Confirmed User Join Date: Sep 2004 Location: In front of computer Posts: 564	Yup, stock of iBill's parent company was halted. $5.85 now ---> $.09 when it opens again. If they can find buyers. __________________ "The object of war is not to die for your country but to make the other bastard die for his." -Patton "Only the dead have seen the end of war." -Plato

09-22-2004, 11:26 AM	#48
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	i think some of the sponsor list type places have kept track of who uses who as a major processor __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io