I think he was referring to Shane's comment in another thread defending Lock's actions by saying that "another large poker network" did exactly the same thing Lock did last week, which of course is disingenuous.

If Lock had stopped player transfers a la iPoker, at least we'd know where we stand right now.

Al-Qaeda chipdumping to the Boston Bombers' affiliate account would be big fraud.

Poker players selling their funds for .50 because they can't afford to wait 6 months for their money is NOT fraud.

and...if a depositor can get an instant bonus with no playthrough requirement by way of transfer on a small amount, they're less likely to deposit direct using up a one time bonus that could be saved for a larger one. Interesting that the site gets rake generation w/o having to pay the price for a deposit bonus yet still is upset. It implies they really need the deposit more than the rake which reeks of cash flow problems.

NoahSD please.



Here's a thought, off the top of my head:

- Lock is having trouble meeting the volume of cashouts (both US and ROW)
- Lock cancels a bunch of cashouts thereby reducing their volume, but not to a large enough extent
- Lock funds now trade at .30-.35
- Lock stalls for time
- Lock slowly buys up a bunch of the debt at .30 and lower with the money they're earning through rake that isn't going towards withdrawals b/c w/ds take months.
- The volume of cashouts is reduced and the money they can spare goes to 'paying off some more of their debt' in the form of cashouts and then shane can come here again and talk about how "look, there have been cashouts, things are improving"

Is there proof of this, if so they can rot imo...

No, there's no proof. That's why I said it was a thought

FWIW, Jim Erwood on Skype: [22:03:10] Jim Erwood: I know what is going on and things will improve this week for sure with backlog of payments going through

(disclaimer: all of this is speculation, just like almost everything here is, take it as such, please no pitchforks/torchfires for people like me who may indeed turn out to have been naive enough to have kept believing in people's words. I've never meant any malintent to anyone, infact, in all conversations i've had with anyone of Lock, i've defended the community and tryed asking them critical questions to get things resolved. I have both Skype and e-mail logs to back up this claim)

yes, bash me some more, bash Lock some more, i'll be honest, at this point i think people should stay away from the site simply because they as a business really don't seem to have one clue how to make decisions in a solid, respectful, transparent way, have their teams work together, be able to bring a message out there correctly, have each team communicate correctly, infact it wouldn't even surprise me if some teams have some rotten apples to be frank. I've had multiple contacts with mostly Shane, but also even the CEO and can agree with the Pro's that while some severe mistakes are being made, i think the "money laundering thing" etc. isn't made up, these are real things going on and they have to be dealt with, but as i said, Lock doesn't seem capable of doing this in a way that also hurts their own severely.

Do they have all player funds? That's also an interesting question. Honestly? I don't know, i think nobody does, it definately wouldn't surprise me either however if a business like that basically manages their money in a fashion where they say "ok, we have X amount on $, that' say ~50% of total player money, things have to go bad -really- fast for that not ever to be enough at any given moment"

I'll probably just back away from this till at least the end of this week to let em show some results, it's fair to say anything else won't please anyone involved anyway.

lmao i know things are looking bad when even you are having doubts. maybe they can hang on long enough for your lock helicopter trip .

FRANK TALK: Possibly some rotten apples at Lock!

Please, find the nearest bridge or railway, and then you know what to do with it

Are people really this ****ing stupid? **** ME, WHY DO I POST ON THIS BOARD STILL IS BEYOND ME.

To avoid any misconception for the brain dead around here: Jim Erwood said: "[5/05/2013 22:03:10] Jim Erwood: I know what is going on and things will improve this week for sure with backlog of payments going through"

NOTHING MORE, NOTHING LESS. HE DIDN'T SAY ANYTHING SIGNIFICANT TO INFLUENCE THE OPINION IN MY POST FOR THE REST.

How was I supposed to know where he quit talking and where you started?

Why did you even post that then? A Lock Pro said cashouts will improve, yawn.

its cute that you think they have teams

lmfao

its cute i'm trying to communicate with a bunch of ****ing ******s that's all, hope i get banned for posting this so i don't even have the urge anymore to try defend this community. Lock is bad, but tell you what, in this world it seems the best thing to do is honestly think about yourself, and yourself only, definately not worth defending some inbred kids on a forum.

I hope this doesn't mean you won't be defending us anymore.

That wouldn't surprise me either, although it would be incredibly incompetent and reckless.

all the pros are playing the sunday $500 we should all log on and go to the table and tell they 2plus2 demands answers!

i feel ya dawg

The way I see it is the damage is already done, lock even if they corrected every single problem right this second, the credibility and trustworthiness has been permanently lost, it's just a matter of time before they sell up, file for bankruptcy or face criminal charges.

ahahahahaha I KNOW RIGHT? How DARE we get angry when we wait 5+ months for a cashout. Shane is a SAINT having to deal with us ungrateful peasants.

no reason to to fight with mcormick hes in the same boat now as rest of lock players even if he doesn't know it, but on the subject of % yea i would guess its small the % of cash outs vs over all players funds is small around 20% maybe 30% so they would have to have only a fraction of funds if there broke atm.

Mccormick, I dont have mod authority in this forum. But it really appears as though you need a timeout from here. If you woukd like to request a voluntary tempban then that can be arranged. If you want to stay away, are unable to, are sick of it here, etc then this might be for the best right now.

I think that you are right.

I think that the point that Noah might be making is that rake is a mechanism that releases deposit money to a site. So if a site isn't segregating its funds then it has essentially already released that money to itself. So it could be argued that rake is more important to a site that segregates. To follow that reasoning though and say that deposits are more important to one site than another, I think would be wrong. Deposits are equally important to any site's ecosystem.

he shows as banned