Okay, guys, crisis averted. Someone was given a REAL DEADLINE so you can all rest assured that things are looking up: http://forumserver.twoplustwo.com/sh...&postcount=291

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uhhh yeah... they are:


1) Fair play technology
2) ban on cashing out transferred funds
3) ROW cashouts taking waaaay longer

boy do i feel silly now!

Waiting 3 or 4 weeks is not good enough. They have to give a reason why there are such long delays and specifically what they are doing to fix it. Anything else is just seen as buying time IMO.

no and then

IMO, the only acceptable response now is PROOF that they are solvent and that every penny of player's money is there.

Anything else is unacceptable and should be called out as such.

What good is an explanation about delays when the underlying fear is that the money isn't even there? No one is going to believe even a reasonable explanation about cash-out problems without an assurance that the money is still there to be cashed out.

Conversely, I believe that proving the money is there would essentially completely diffuse the current crisis. Yes, people would still be pissed off about cash out times (and rightfully so) but KNOWING the money is there and coming would make people more patient, IMO.

Right now no one has that assurance. And given that solvency is the underlying issue, the fact that Lock still hasn't provided any proof (or even stated that this proof would be coming, I understand you can't just post links to bank accounts on a public website) is what makes people believe that the simplest explanation is the correct one - that the money isn't there, which explains the cash out problems.

Great to see 2+2 take a stance on this. Love this forum!

The next step of Lock Poker con game will be the announcement that they are leaving the U.S. market due to payment processors issues. All pending cashouts will be reversed. But there will be nothing to fear as all balances and information will be transferred to Juicy Stakes. JS of course will be unable to pay players, but Lock will claim they "paid" JS the amount to cover the balances.

Shane promised long ago that Lock was going to have an audit done by a respected third party, but of course they never followed through.

The Lock pro posts in the NVG thread amount to nothing more than a new SUPER DUPER promise that things are improving.

what was the date you shipped the $100K?

What.

The cashout times are the height of the problem!

Not to those affected by the transfer issue. They can't cash out anymore at all. That's ofcourse far more important to them, and to be quite honest, to everyone else aswell since it doesn't exactly instill a lot of confidence in the site if true.

The solvency issue is the primary issue.

If they are solvent the cash out issues will sort themselves out, eventually.

The transfer issue just makes it that much more likely that they aren't solvent and had to dream up a way to steal money from players.

January 27th, he's a nice guy too. Funny thing is they completely blew him off instead of using it as a promotion to draw in more pyramids; he won his seat in the promo freeroll. Instead though, they wouldn't even respond to his emails and he had to sell it all off at the time what was thought to be an abysmal rate (.60 on the dollar) that was two months or so ago I think. Thank goodness things have gotten better twice the last 3-4 weeks each or he'd have to try to cash out at .35 on the dollar assuming he never received a transfer....oh, wait....never mind.

Anyone else notice its been over 24 hours now, perhaps one of the Lock Pros could get assurances that the new rep will be here in the next 3-4 hours and give us a guaranteed deadline for him.

Given all that has been said about Lock's insolvency, just who are these people buying up Lock funds and how do they ever expect to recover their investments?

could not have put it better.
except maybe replace steal money from players with delay hundreds of thousands of dollars in pending cashouts even further

scroll the transfer thread or in his case look up his posts. He actually really is a nice guy you'll find

The transfer issue just makes it that much more likely that they aren't solvent

wheres this new rep at btw?

Mat and Mason,

This cannot possibly be living up to your expectations,right? The statement by Lock had no information whatsoever and answered zero questions.

Did they issue some kind of statement?

Sort of:

shanesucks we get the point. plz stop posting that crap in every thread. noone is going to jail i can promise u that. lay off the cocaine bro..chill the f out

Yeah I don't see how "Joseph" is acceptable. One post that reads like a press release, provides no information, and nonchalantly ignores most of the relevant concerns.

OK so several HS regs have been unable to withdraw because they are supposedly involved in some scheme to drive down the value of Lock $$ but one of their sponsored pros is offering to buy as much as he can get his hands on at 10 cents on the dollar? Am I reading this right?