+1

I saw Shane make some mention in a thread that the rule would be changing, but there was no mention it was to be retroactive.

When I read there would be change, I could understand if they wanted to do it. But I definitely didn't think it would apply to past transfers.

Wow U.S players really have no chance!! Lock can make up whatever the hell they want at this point. Unbelievable.

qft

All you need is one meeting where they explain what the information is.

It shouldnt be that comprehensive so why is it taking so long for you to get that information.
Do you guys not speak to each other..... or most probably you are just waiting to **** us over on our money and are stalling at every possible spot.

You guys make me sick. Our money is our livelihood, and now after waiting 4-5 weeks on whether my cashout will be pending or declined, Im going to have to wait another set amount of time to even find out if I have the ability to withdraw.

The sick thing is Shane you have no clue how badly some of us need our money, and the disastrous effects it has on some individuals.

Say lock does have player funds segregated, doesn't it become a huge problem for lock economically if their money is only worth .5 on the dollar. Like even if they have 1/1 with player money/ segregated money, isnt it going to throw things out of whack to now have players buying lock via p2p for .5 and moving USD (or other currencies) offline.

So the lock economy has become a different currency "Lock$", and the site is raking lock$ and paying out their pros, etc. in USD$ that means as the exchange rate has been around .5 for a while now Shane admits lock has a "huge problem".

I think the huge problem is this p2p trading has effectively devalued their segregated money (if it is segregated) so as a company they are writing up P/L and budget as if their lock$ is equal to usd$, but obviously that is not correct.

So I think it could be that Lock got into some problems with paying out money, which in turn caused their lock$ to become devalued. Then the p2p trading caused an essential run on the bank. While also severely limiting new usd$ coming in at 1/1.


If we could know if the pool of existing lock$ that has been created by people depositing usd$ is getting smaller, it would confirm Lock is 100% sinking. But, if the amount of lock$ being put into play has gone down (less rake being generated) which I think people have said is happening, it might give strength to this idea as well.

Cliffs: p2p transfers devalued lock$ and created a deficit, lock isnt gaining revenue to off-set, is basically a pyramid.

You are just so darn bashable!


I actually hope for your sake you are a shill...the alternative a gullible fool

ok, sort it out yourself then going to just laugh at everyone involved instead.

NO MCCORMICK PLEASE STAY AND HELP USSSSSSSS

exactly what i expected.

Thank you.

Shane doesn't reply btw because it's sunday, he's enjoying the sun and your money (all employees got a bonus from sudden influx of funds..)

he'll post pictures soon on the facebook page

Man it is really hilarious that you think that anyone here thinks you are being helpful and your input is valuable. And that we'll like miss you if you stop posting. rotfl...

This is your OP, he merged it with another thread (imo).

@Larry Legend referencing your cliff notes.

Every online poker site and B&M poker room needs people to bring new money into the pool and all are pyramidal in structure so there's nothing wrong with that.

The strangest thing about the whole situation, in my case at least, is I recieved a 10k skrill w/d just 2 weeks prior... I'm not saying that the ship ISN'T sinking, but not sure why I would get a 10k max w/d just 10 days prior to all this if they had intentions of bouncing...

I am still hopeful, although I don't know why lol...

You don't have to say, but did you get 10k transferred to you and not play a hand? or Did you get money transferred to you and wager at least the amount you were transferred?

I have been a player on the site for years, even before black friday. Granted I didnt play there alot pre BF but that isn't the point. I have over the last couple of years recieved plenty of transfers, no where near the amount of some others that have posted in these threads, but if I had to put a number on it, somewhere in the range of 50k total incoming transfers. Most (90% or more) have come all from one player, someone I had a staking arrangement with where we backed some players... Through the years, during these transfers, I would play with some of the funds, cash some of the funds out, just like any other normal poker player. I would highly doubt I wagered the full 50k, or whatever the actual $ amount of the transfers is, but there is no way that I am THAT FAR off. I play MTT's and Sng's so its not quite as fast or easy for me to accumulate $ wagered. Although, until this point, I have had zero cashout problems. I definately was not abusing this system by buying a bunch of funds or anything like that, but I cannot say difinitively I have wagered the total amount of the money I have had transferred in over the years.


On to the latest situation, that was just a little background. the most recent transfer I have had to my account was in Jan. I forget the exact amount but it was money that was owed to me as part of a staking arrangement. I left a little in my account to play with, and cshed out the rest. Took 2 months, but the withdrawl went through. I made the cashout either the day I recieved the funds, or the day after, I don't recall. The day I recieved the funds, I also started grinding on there again, pretty regularily. I can guarantee I have played through at least amount of my most recent transfer, as I was playing near daily, at a minimum of 20 sng and 5-10 mtt a day for the better part of entire 2013. I did well, made a good chunk of change, enough to request another max w/d, and that got cancelled the day that everyone elses did, same emails, same everything.

+1

a site that had player funds would cash out players funds , since no tos was broken. a broke company would cancel every ones cash outs. a honest company would disable p2p until rules was in place, a dishonest one makes them up as they go along . guess which one lock is.

^?

100% my fault and I apologize for insinuating that there was a 2+2 agenda with Lock. I had no idea there were two threads that were exactly the same. Chalk it up to just being pissed about this situation in general (for all players affected).

Much props to the mods.

zero

Yup there are 2 threads... which is kinda annoying. We should combine them.

1. Lock starts processing payments very slowly.
2. Players start looking for ways to get money off faster
3. Price of lock dollar drops and people step in to fill the demand who will take the increased risk.
4. Lock now has a huge problem of people transferring money around to cash out.

This is all a direct reaction to steps that Lock implemented because they can not cash anyone out fast enough. Fair play, no P2P, skins screaming they are not being reimbursed for their skins winning players. Its all signs that Lock is barely liquid, if not already insolvent.

They are now just doing what FTP did and making it so hard to cash out that they hope they can regain liquidity. With their player pool dropping like a stone things are not likely to end well. I hope I am wrong. Its ironic that really if they had the money to cash people out quicker their problems would likely be solved. They seriously need an injection of liquidity that no investor in their right mind would be likely to make.

zero

lol, which one is it.....you know about the entire picture or is it just some vague explanation

bro, obv he can see the forest that is the future of lock poker because he isn't bothered by any of the trees that are details of the daily ongoings of the site.

Mccromick, where will you play after Lock go bust?

daycareinferno I'm pretty sure shane is living in those ****ing trees or smoking them bro

on a side note I feel sorry for the poor dumb bastard that wins the grind4glory wsop package, I predict someone will be sitting around at the airport waiting for their money



damn. I don't know who this mccormick guy is but when you go to vegas you should take a guitar with you, that way you can make enough tips to live off of singing songs about how bad Lock poker ****ed you over