IB shares plummet

Today marked a gloomy event for investors in IB.

IB currently does not pay dividends to its investors, and their low share pricing is an obvious reflection of the distasteful reactions of vBulletin Customers.

deuterium, (formerly ct2k7) as we gather, posted in our infamous Licensed Customer Feedback section, you know… the hidden from potential customer … area, in the thread, pertaining the original article by The Register about the share falling.

Floris replied moments later, refering to deuterium by his first name, explaining that this was common ( or realistic) with the release of the Q3 2009 financial results.

In some cases this was true, but obviously, a drop of nearly 12% was something out of the ordinary. It was nearly enough to warrant its little space on Yahoo!’s Biggest Losers page.

Those using the Google finance page to track the shares will have noticed the amount of publicity Internet Brands is gaining from its treatment of its customers, something which is personally thought to be a major role in this, as investors see what’s going on behind closed doors.

So where IS James?

Ever since Internet Brands bought Jelsoft Enterprises Ltd in 2007, the activity of James has been dwindling.James has not posted or even logged into the vBulletin forums (no last activity recorded) since January of this year. In April of this year, one member sifted through some documents from the Companies House, suggesting that James had quit his role. vBulletin Staff insisted that James “was very much with us” prior to closing the thread.

Right now, the support staff are bearing the backlash from the customers, but where is James? Is it true that he has retired completely from Jelsoft?

There are many question unanswered, and Internet Brands wants them to remain unaswered.