how the hell can someone have the patience to have a check pending for 500 dollars from december lol, whoever you are props to you for having the patience of a monk.

I dont know how to PM you but I have a pending WU from Lock since May 12 2013 for $1,100 they just keep emailing me that I will get paid.Im new to the site and wish I would of knew all this before I deposited.Please let me know how you can add me to the list thanx.

this, this, this.

I don't really understand what patience has to do with anything. The alternative option is to get mad and fire off a bunch of emails which has a low probability of helping your cause.

It's either be patient or lifetilt about $500. Seems like a very simple choice.

Haven't seen most of that series, oddly enough. But I'll take your word for it.

After that long, I'd be on Lock daily for reciprocation for having to endure their insipidness and delays and panderings of "it's coming soon" and such. But giving up wouldn't be an option.

For you guys and for all - reposting this:

---

If you have a pending Lock cashout (check, WU, skrill - all players welcome) that is two months old or longer, PM me with the following details and I will include them in my daily report.

Date of Cashout Request (not the processing/confirmed jibberjabber - just the date you initiated the withdrawal)
Method of Cashout (WU, check, Skrill, other)
Amount of Cashout
Denote US Player or ROW player

I will not include your username in the report - this is simply going to be a tabulation of the total amount due to be paid out that can be reported, over what payment methods, AND, how long each one is overdue on the average. This will be updated daily along with the report, so feel free to PM me at any time once your request is over two months old.

Please - I'll have to use the honor system here since I have no way to verify your information. HOWEVER, if I feel the information is being intentionally manipulated, then I will discontinue doing this. I'm out to try to shed more light to this situation and paint as accurate a picture as I can - but I won't cut corners, or support deceit, to do it. So once again, I ask that your PM's be genuine and if you do indeed have a pending cashout exceeding two months, please PM me.

New note: If you cannot PM - simply interact in the forums and PM'ing abilities enables itself. Then you can PM me your details as described above. For continuing accuracy's sake, I am no longer accepting non-PM data for the report.

Updated through 8-28-13

Number of players with pending cashouts reported: 93 (up 1 player)

NOTE: One player was dropped (as detailed below), while two players were added, for a net gain of one player for tonight's report.

WU dropped (8/28): 130 day wait -- confirmed funds received

NEW! NOTE 2: Please read the section under the "---" in the linked post below for full details on how to submit for this report.


http://forumserver.twoplustwo.com/sh...&postcount=105

Of which apparently was featured on PAS' monthly payment report this month.



Good to see the word is getting out there. Wish it wasn't such a crappy word, but - better people know about the real struggles people are enduring with Lock than not.

Didn't know about the $100 lifetime rake thing that is beyond scummy

Updated through 8-29-13

Number of players with pending cashouts reported: 94 (up 1 player)

NEW! NOTE 2: Please read the section under the "---" in the linked post below for full details on how to submit for this report.

http://forumserver.twoplustwo.com/sh...&postcount=105

Sell it in the market place for .6 or watever the vig was in dec.

u w0t m9?

lol no, I want nothing financially to do with lock anymore.

That's funny because 12 hours later you posted that you wanted to buy Lock funds in the marketplace.

Yes I did circumstances change in 12 hrs, if u rlly care why then feel free to pm me.

FYI folks - the Lock pending cashout report will return on Sunday evening. I am at my dad's house for his birthday this weekend!

Thanks for your patience.

Updated through 9-1-13

Number of players with pending cashouts reported: 95 (up 1 player)

NOTE: Please read the section under the "---" in the linked post below for full details on how to submit for this report.

http://forumserver.twoplustwo.com/sh...&postcount=105

When they owe so many people so much money, they could potentially close up shop any day and not pay anyone. That is the fear.

A Thought on Lock Fund Exchanges...

Even though Lock has been extremely slow to payout withdrawal requests from (5-6+ months ago)... they recently have processed Western Union withdrawals and people have been getting paid.

Recently, Lock funds have been trading at nearly a .15 exchange rate. Should this really be the value of funds on Lock?

If a person is willingly exchanging their Lock funds for .15 on the dollar, they are forfeiting 85% of their money. Basically, these individuals are saying they are willing to "risk" ~85% of their money that people will NOT get paid out by Lock, and would rather be sure to get 15% of their money.

However, if Lock has shown that they have been paying out people's withdrawals, even if it is to take 6-8 months, or even 12 months for example's sake, why would anyone make this type of exchange? From purely an investment standpoint, this is a terrible investment decision...UNLESS you have an 85% certainty that Lock will pay you out 0 dollars from whatever balance you have in your account.

The only reason anyone would exchange at .15/on the dollar is if they truly believe there is a 85% chance that they will receive NONE of their funds from Lock. Is this assumption really necessary? Don't get me wrong, I have thousands tied up in Lock myself, and no, I have not received my withdrawal yet. However, what evidence/facts other than rumors and hearsay via forums is there that Lock is going to collapse? Is there enough to be 85% sure? Recently, people HAVE been receiving their withdrawals in FULL.

A question people with Lock funds looking to exchange might ask themselves:
If I had $1,000 on Lock, would I be willing to wager $150 dollars that I will eventually get paid out $1,000 (whether it be 3-12months+ down the road)

It's obvious that there has been an increasing number of people that are actually buying up as much Lock funds as they can if you look at the p2p thread. They are doing this as an investment decision...they are assuming that Lock will eventually pay out, and they will make a 666.67% return on their investment. No one is happy with Lock, but if they do in fact EVENTUALLY payout, even if it is 1 year from now (assuming you invested that $150 you get for-sure via trade, in an interest-bearing account [which is almost non-existent in this interest rate environment], people will look back in retrospect as losing 85% percent of their funds because of an uncertainty, which recently has not been supported by evidence of people receiving their withdrawals.

In my opinion, giving away 85% of the value of your funds is basically already admitting that your funds are gone. Collectively, as the people who have thousands of their funds on Lock, are we really standing correct in submitting to a .15 exchange? In my opinion, I think this exchange is unwarranted, and I think as time goes on and people start to realize that it's not as unsafe as we all thought, the exchange rate will rise.

As for me, I am going to hold off on exchanging at a .15 rate, as I feel this is not valid for the given environment. If any other Lock traders feel the same way, I would appreciate the discussion.

Best

I look at it like this. If you owed me money and refused to discuss it with me for over 6 months I'd probably be at least 85% sure that you were going to screw me.

Plus, when you see Lock pros circumventing market rate to get a quick buck (or to run for the hills), it doesn't do much for player confidence. Lock was trading around .40 or so until that one pro posted in the P2P thread (when he could have easily not posted his vig amount, or - better yet, could have posted that amount in the high-stakes thread) that he was moving $10,000 at .33 - the data shows that right after that, the bottom really fell out.

Of course, subsequent decisions by Lock and Revolution have further lowered the value, and player confidence.

I don't fault any player for doing anything when it comes to their money on Lock. It's all personal situations. People are adults and can make their own decisions based on the information available. In my opinion, putting in a cashout request with the data available, knowing full well that the only thing stopping Lock from being Juicy Stakes is a paper-thin line of hope, is rolling the dice right now. No one hasn't not been paid (enough double negatives? lol) - but that isn't the point. Are you going to wait 6+ months for a check, hope it doesn't bounce, and hope they are still in business by then? Or are you going to take cash in hand today, even at a steep loss? Again - it's all in whatever your personal situation is. I can't blame a player for doing either.

It's a ****ty situation - that's the one certain thing out of all this. And seeing the PM's continue to roll in for the pending cashout report only solidifies that for me every day.

It's different if you can cashout your entire roll in one cashout-- maybe its worth waiting 9 months to try and get the whole amount.

But what if you have 10k+ on Lock? Do you really want to gamble that they'll still be around in 4 or 5 years so you can get your roll off? Keep in mind they've lost 75% of their traffic in the past few months.

If there were a lot of buyers right now, the price would get bid up. But it keeps falling because there are more sellers than buyers.

There is one guy selling for 16.5 cents and I bet that gets sold real fast. Most of the other guys selling quote a lot higher figures. Also they've lost 60% of their traffic in the last sex months. Yeah, things are bad. But try to keep the gossip accurate guys!

Updated through 9-2-13

Number of players with pending cashouts reported: 98 (up 3 players)

NOTE: Please read the section under the "---" in the linked post below for full details on how to submit for this report.

http://forumserver.twoplustwo.com/28...&postcount=105




Also - please note that "offrep" delineates the difference between Lock's reported timeframe and the player's timeframe. Each day they wait on this list, it goes up a day. So, the average wait over Lock's reported timeframe for players on this list waiting for checks is 108 days (Lock's reported timeframe is 42-56 days, average wait of the 31 players with check payouts is 164 days...164-56=108).

IHasTehNutz, have any of those pending cahouts been received? Is everyone keeping in touch when they receive one? Just trying to guage how accurate the older pending withdrawals are..

^^ I've been in touch with everyone with bi-weekly PM's just to make sure - plus I scour the payout threads in case they post and don't PM. As of this moment I have 21 players out of the 98 on the list that I haven't heard from within the past week since I last sent out PM's. However, with the holidays, I'm actually not displeased to only have that many still out.

What I'll do is if I don't hear from them soon, I'll drop them and they can be re-added if they get back in touch with me. This is why I do it with PM's only - if not, it would be impossible to have any kind of accuracy.

I can say however - the top two names in each category are 100% verified on their wait-times. There isn't a humongous number at the top that I haven't heard from that's skewing the data or anything. Most of the 21 are in the middle ranges of the WU and check category, with only one of them a ROW pending cashout.

Hope that answers your question.