Quote:
Originally Posted by Into2ndWind
listen up folks. They lost their US player base. Call it 70% of the players and revenue. It is only rational to downsize your workforce as well. What, did you think they would keep as many VIP people on staff after they lost 70% of their players? Did you think they would keep as much customer service on staff?
I don't necessarily view this as a negative event. The memo suggests they are going to continue to try and run their business for non-US players. As long as this is their plan, returning our money is in their plans. They will not and CAN NOT move forward long term outside the US without refunding US dollars. While I am extremely skeptical to the solvency of this operation, it is a bit different from a bank due to the sheer amount of rake (revenue) it generates relative to deposits which provides them with a strong income stream which should theoretically keep them solvent.
I guess, this are good news, because the uncertainty is over.
restructuring for the non us playerys means a few more capital based company for the staff etc. Longtherm means this a new investor and the money will besend back, I guess. It's hard to say how long it will take to get the money completely back.
But now the lying from the company is over and the future of the cereus network will come.
This will not take a long time to get a new investor. Buisiness as usual, I guess.