agree

chances of ub/ap recovering and becoming a functional company > a lawsuit recovering any funds

so play create traffic rake hands and someday we might get paid is our best option right now

How is cereus going to generate enough profit to cover the supposed 50+ mil in player balances when they have been operating at a loss for years before black friday?

Just stop paying millions in "consulting/marketing fees" to people who are not supposed to be a part of the company.

How do you guys get any money off? I've been waiting 5 weeks for my check. Any better option than check?

How are they going to generate 50+ mil in profits? "Not paying" someone doesn't generate money.

They arent going to generate that. Only hope IMO is that they generate enough revenue that someone may consider it worthwhile to buy. The problem is obviously no one would buy them if a purchase included the liabilities and fines. I am sure there are ways to buy pieces and not assume the liabilities. And the current player base is worth something with play thru withdrawals for cashouts. I personally liked software, was able to cashout timely and thought they were very player friendly. If you could just take that and start over I cant see how that wouldnt make money.

Them selling the software and or player list is possible.

However, play through withdrawals are not likely to happen because in this situation it is the same thing as assuming player liabilities. Profit is made when deposits are eaten up by rake. Why would a new owner buy a site and allow players with existing balances to withdraw x dollars for raking y dollars when rake generated is only reducing liabilities, not creating profits for the new owners?

Joey ur talking about somebody coming in and taking over UB as it is which is very unlikely.

He's talking about an known site adding the non-US UB player base to their pool and forcing them to play before cashing out. A transaction like this could very well be a breakeven play on paper but depending on who it is it can mean bigger traffic, more games, move up on pokerscout list, more deposits etc... There is around 23m in non-US funds that are not being played with atm. Probably an addition of 750+ players on your daily peek if your the buyer.

fwiw I've talked to an ex-UB employee working at a new site and he's seen his bosses have a meeting or 2 with the UB execs. I assume (not a fact) UB would like cash on top of the player base while any buyer can't really afford to do that to make it a profitable move. They might also be trying to sell the software in a package deal which I'm sure the interested parties are somewhat hesitant about acquiring.

I'm sure they have looked into including the non-US player base transfer in a possible exit strategy. That would atleast leave 1/3 of their customers not so pissed off.

Am I the only one who got UB cashout limit to $1,500? Although it doesn't matter, because I requested it 7th of july and haven't gotten paid yet (Neteller). Previous to that I got 1x $250 and 1x $500 cashouts.

Ive been in the clear for about a month now and am willing to entertain offers to process more for the highest bidder (percent wise). unlikely to do much, but it's probably worth a shot if you have a large sum sitting idle.

whats the current update with UB? whats support say when you email them? lol is there even a support team? is UB still letting people play?

A lot of people got limits up for a while, it lasted about a week and then it went down to 250 Max again. Fwiw i haven't heard of anyone successfully cashing out the 1500 through neteller.

I know some people that cancelled their pending ones for either 250 or 500 to try and "take advantage" of this but it makes no difference since they aren't processing those...

I got a check Processed on August 11th, just forgot to check the mail for a few days!
Anyhow i got 232$ canadian to my canadian apt.
On Ap, i played some hands a few days prior the check being issued.

IS AP UB ever gonna issue a new statement?

I wonder what is their plan?

Would anyone actually buy them and payoff the non usa players?

I have one big score on AP and it was 2 weeks before black friday..

thats why im cereuslypissed!

Thank you for contacting us.

Cereus’s top priority has always been, and remains, the refund of account balances to its US players. Unfortunately, the Company still faces several legal issues, which must be navigated before funds can be paid out to US players. The Company’s United States attorneys, Blank Rome LLP, continue to work diligently to resolve these issues, which is a necessary further step to facilitate the return of funds to players. US Player account balances, therefore, will not become immediately available for withdrawal as a result of our recent agreement with the DOJ.

We thank you for your patience in this matter. This remains our highest priority, and we will update you as we move forward to resolve outstanding issues.

Regards,

Liz
UB Support
Support@UB.net

that's the same crap they been saying for 3 months...

got a $250 payout today via instadebit, requested Aug. 6th

ya got another quarter today

iv reveived one $250 cashout since BF

FML!!!!

how are u guys getting paid and not me??

play or stfu about it

Why so cereus?

Is the new strategy to request 250 rather than 500? I haven't got **** in months.

Love to know how much you have gotten out so far.
$5k yet? 2 sites combined?

hi all,

Got another 250 yesterday via instadebit,the wait was 2 months. I did play a little in the meantime, around 300 hands total @ 100nl

I am from the netherlands btw.

not!