Hey man, this information from Curaçao EGaming site, it means that they sure that the license is valid and company still work LINK
Is it BTG Gaming failure? What do you know about BTG?

I take 6 months off from Lock and 2+2 and come back to find that Lock money is worthless? Can someone give a quick recap of whats been going down?

Cashouts are slowing to a crawl, some people are waiting 5-8 months now.

Fair play technology, massive overlays, continuing cashout delays, inept customer service and PR moves, bad decision making, and the trade value of Lock's skin funds have gone from .70ish at the start of 2013 down to half that.

In a nutshell.

Lock payouts on average are taking over 3 months, and that is the main driving force in driving lock currency value lower and there are some players waiting over 6 months. Then you have lock pro elites, who lock endorses, selling their funds off for .33 on the dollar. This seemed to cause somewhat of a panic and many players are trying to sell funds off lock and then bam now your looking at .25 on the dollar.

No, this logic is not flawed. Every marketing expert knows when delayed withdrawals are starting that this is the peak with a delay of a few month depending on the marketing strategy and how much money they still push in the aquisition:

-> Mouth to mouth propaganda go down.
-> Players try to reduce their balance/new depositors deposit less.
-> Players waiting too long for a withdrawal stop playing untill they receive it(thats what I made).
-> The "this company will go broke soon" experts shouting out loud.
-> etc.

[QUOTE=imjustshane;39168280]Cake and Lock dont share any ownership.

Lock is independently owned and was going to purchase the network side of the Cake business but that deal eventually didn't go through.[/QUO

I never said Lock and Cake shared ownership, I said the network has the same people running it as Lock, but under different company names to give the perception that they are independantly owned. If I am wrong on this why not tell us who the owners of Lock are.

Heeey, no this information is not from Curacao EGaming site!
The link from Curacao EGaming site is: curacao-egaming.com
Your Link is from cyberluck.com

I often wonder how it is that the entire affiliate network that I know hears completely different information from a half dozen other network operators than what Shane spouts off in these threads.

I can't quite figure out who is telling the truth... the other 6 operators, or Lock...

--
Kahn

plz share what you know?

How naive are you?

Lock takes credit card payments via uncoded or miscoded merchant accounts. Two things naturally happen: A. Processors either don't settle up with them or run off with the money. B. Fraud rates are insanely high with chargebacks etc

At the same time Lock gives away incredibly high promotions cutting into already slim revenues.

Lock does not have the funds to cover their liabilities to the network or their partners.

I will agree with you on this one.

Bovada is kicking ass right now and the only reason why is cashouts are somewhat steady for the moment atleast. It wouldn't take much for a site to jump ahead of bovada.

...But lock poker getting getting processors under control? Remember this thread was originally about a pro selling his funds for 200% interest.

An extremely successful ponzi scheme with haughty denials from all involved. Copy/pasted lies when you email to ask why your cashout has taken 6 months. In my case, the last check I received about 7 months ago bounced...I have been waiting for the replacement, being told for the past 6 months that it was processing and to wait 2 more weeks...

Did you wait 6 months for the initial check only to have it bounce? Have you been waiting then for a year for your money?

As Shane says, Lock's stance is that they are up to date on payments.

Now, I can't think of every single way to ask the question (IE, Portugal issue, we all agree it was a lie, Shane feels he was technically right because one small bit of the statement was off even though the main points were completely true, he couldn't elaborate so somehow calling 90% true and 10% false a 100% lie seemed appropriate to him...), but I don't think a bunch of other skins on the network all have an agenda against Lock and would make these things up. It would be unprecedented in the poker world for such a conspiracy to be going on.

Maybe we can talk more to the other skins and try to get a deeper understanding of the exact issues, though they may not even be privy to whatever has gone on between the network and Lock.

But really, we know the network (Cake) has major issues paying players. We know Lock has major issues paying players. We know the other skins have consistently paid players much faster. That's really the bottom line. Whether there's some debt swap, equity sharing or some other scheme going on between the skins that haven't paid people very quickly in 2013, or something else that means Lock is up to date on their payments, or that it is a flat out lie, I'm not sure that question is all that relevant when it's being posed to the people being accused of lying. It's sort of like the segregation question to most sites out there. They can say player funds are separate from operating expenses, but most of the time only a few people at most on any site know that answer and nobody can check it, so why would someone who uses player funds to operate ever say "no, we don't separate?" There's no incentive to be truthful, it's damaging to their business and if they're doing it they are already being shady/dishonest.

He can correct me if I'm wrong, but it's the same stuff I believe he and many others have posted before. Affiliates, room reps, etc. of many Revolution skins keep saying that Cake is behind on paying them and that this is due to Lock owing Cake money. Now, Shane's response has adamantly been that this is not true.

Like most situations in life, you don't know anything 100%. However, given that there has been a long track record of inconsistency, broken promises and outright lies from Lock, I think they aren't afforded any benefit of the doubt in this type of situation. The only real way to prove people wrong here is to just pay people on time, and well, the last major statement was that things would be back to normal in early June, 2-3 week cashouts. That obviously has come and gone, so what's the point of asking the same people the same questions for months on end when the responses have a history of being so off?

Shane even said himself, until cashouts improve, there's no use for him to make promises or excuses or what have you.

Talk about theater of the absurd.

I can't believe what I am reading.

Shane, payday loan companies are embarrassed for Lock, and feel them too predatory.

But they are interested in you. They say you got game, and after working for a company where 1$=.33, they feel you are supervisor material. I understand you're not American, but they'll sponsor the visa for a man who has the stones to keep this up for as long as you have. Link for you to join the team, and be able to sleep at night only gouging customers for 33% weekly interest, quite a step into the moral light for a Lock employee.

https://www.advanceamerica.net/about-us/careers


I also spoke to a few pimps. I don't mean club kids who think they are ballas, I'm talking actual merchants in the human skin game. They admire your work, and say you have the "pimp hand" no doubt. They still feel you're being a bit harsh. They agree with the 67% take, but they actually pay their hoes in a timely manner, and explain that they at least keep the girls high all day for their 2/3 cut, and think you risk losing some of your best earners if you continue your business practices. But they are still fans, and think you have a bright future. So don't let the haters get you down, you have your admirers also.

Ohh... ok. Done one thing, enter "cyberluck.com" in browser and press "enter". Say me. what do you see?

Shane. This is hilarious. In May all hell broke lose with the alleged ring of players that apprarently ganged up to drive down the value of Lock$'s to turn a buck and then your own pro players come on here dropping the value by another 16%.

If you or your company doesn't see that as an issue than I don't know what to say.

I see the homepage of curacao-egaming.com and not what you have stated:
-> I dont see this if I enter cyberluck.com in browser!

ZetPoker is a client of BTG Gaming: http://btggaming.com/clients.php

Its the players that have kept this mess going on too long. That is why bovada is #1 right now, only reason is they are somewhat legit actually, people get paid.

The issue I have here is that it has taken too long for the collapse of lock to begin.

Shane where are you today? I would like to read your post attempting to spin this. I want to see what shade of deception you will use today.

I pity that the lack of depth and intergrity

He already has spun it. Unfortunately Shane has a couple of supporters now to derail his comments and the thread topic to crap like promotions and licensing.

Im sure there is a lot of effort by lock to get accounts on here to support lock. Why wouldn't they?

Do you think before you write? You want Lock to collapse? Do you realize over a million dollars of players money will be lost? Glad you rooting it on!

...so we want a site that is "likely" scamming people daily to continue to operate because all the people in the past who were screwed over would lose their money?

Do we want all the sites in the past that were corrupt to operate today as well because the people who were also screwed over could try to get their money?