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Old 06-27-2013, 02:45 PM   #51
Ditch Digger
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Lock pros have been selling at market rate for awhile now. This isn't a smoking gun. It is scummy that they continue to spam their twitter with lock advertisement yet are trying to sell at .33.
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Old 06-27-2013, 02:50 PM   #52
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Re: Well this is interesting...(by interesting, I mean ridiculous)

Lets start a petition to have lock pros explain on their twitter that Lock funds are worth .33 on the dollar. They shouldnt have a problem with it, because while it may hurt new players who might be interested it is after all THE TRUTH.
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Old 06-27-2013, 02:59 PM   #53
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by IHasTehNutz View Post
McC - these guys represent the company as Lock pros. They actively seem to be among the cavalry to get players to deposit on the skin. You don't go to a P2P thread where you know VIG is being recorded and mapped daily and ceremoniously undercut the current value by 16% - especially when you have a rep publicly stating that the vig report is a reflection of consumer confidence in your cashout system. At best this is simply gross negligence under a company that has no control over anyone associated or employed with them. At worst it's a coordinated effort to drive vig down so low that players will have no option but to go through Lock's payment system to deposit or withdraw, without ever having to shut down the P2P option themselves. This isn't a "bad message" - it's horrible business practices and it's just plain wrong.
Or, as said above, it's very simply them having same cashout speeds as other players, they want to have cash for whatever reason and/or don't see much point in hoarding much more Lock dollars.. at what point would you sell off if u were a Lock pro and couldn't get $ off at any decent rate? 10k? 20k? 100k? 200k? 500k? At what point do you consider it utterly ****ing pointless NOT to sell off? I mean obviously if the cashout times are slow and you're a winning player who will likely gain even more $ on your account over time, there's a point where really not selling makes way less sense, especially considering you could buy back later if you really wanted to.
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Old 06-27-2013, 02:59 PM   #54
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by imjustshane View Post
Just want to add 2 pieces of clarification.

#1. This isn't a case of a player selling all of their funds, its about them selling off part of their roll for some instant cash.

#2. We have said all along that the pro's are under the same cashout conditions as regular players. This means that just like everyone else pro's occasionally sell of parts of their roll to get faster access to funds.
Shane he is a professional. This is just a tell tell sign that the company is going under. I'm sure he could find a handful of people to get some sort of better deal through loan/backing, then to trade for .33 on the dollar. He obviously has no faith that he is ever going to get money through your cashout system.

You said the volume has went up and there is only half of the cashouts of prior months reported this month. It just seems you lie to cover up more lies. I also agree that after pros selling their money off lock it is going to further devalue. Whatever customer service classes you took in the past, I think after this place goes under, you should take another look at. At this point I would be a better person then stand up for my job, thousands of people are probably going to lose their funds if they don't quickly sell off their funds.
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Old 06-27-2013, 03:05 PM   #55
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Re: Well this is interesting...(by interesting, I mean ridiculous)

you got everybody out trying to paint a pretty picture on this one. Shane, McCormick, Sunsibar...gl with this battle guys.
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Old 06-27-2013, 03:06 PM   #56
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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you got everybody out trying to paint a pretty picture on this one. Shane, McCormick, Sunsibar...gl with this battle guys.
Nop lol then you obviously don't read all my posts. I don't give one **** about this company, but it's just common sense.

Cashout times are bad, and they also apply to the Pro's. People make connections that aren't there because of the bad cashout times. The Pro's selling off their funds is a consequence stemming from the poor cashout times, not the other way around, there's no other connection imo.

Last edited by Mccormick; 06-27-2013 at 03:12 PM.
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Old 06-27-2013, 03:16 PM   #57
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Seperate players from the network is not "Fair Play Technology". Cake seperates players/tables as well from the network, do they still have "Fair Play Technology"?
Yeah start up you FPT questions.
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Old 06-27-2013, 03:18 PM   #58
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Re: Well this is interesting...(by interesting, I mean ridiculous)

I like the how matter-of-fact Shane is when confirming himself that Lock $$ is valued at .33/$1. "Yeah, I acknowledge the fact this company is spiraling downwards and you are **** out of luck if you are hoping to get more than .38 on the dollar."
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Old 06-27-2013, 03:21 PM   #59
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by Mccormick View Post
Nop lol then you obviously don't read all my posts. I don't give one **** about this company, but it's just common sense.

Cashout times are bad, and they also apply to the Pro's. People make connections that aren't there because of the bad cashout times. The Pro's selling off their funds is a consequence stemming from the poor cashout times, not the other way around, there's no other connection imo.
McCormick,

Throwing away 6,500 dollars because of bad cashout times? I know Shane said he prolly needed the money bad and Im sure you will back him up on that but do you really believe he needs the money now? If not, which likely, why wouldn't he just wait it out. I'd wait a long time for 6,500 dollars. Or doo you think there is a chance that he believes the site is going under and he is trying to get the money now versus never?
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Old 06-27-2013, 03:22 PM   #60
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Re: Well this is interesting...(by interesting, I mean ridiculous)

Oh, I'd actually like to add: I have all reason to actually devalue Lock $ in a pure mathematical / own profit, I'm someone usually buying up funds after all. Still, I simply post what I think is the truth based on common sense, but hey inc. more conspiracy theories about that I guess

to above: how is it throwing away any $ ? There's so little people who have the ability to "put theirselves into the shoes of others" it seems. Imagine being a Lock Pro. (prob too hard already) Now imagine having 50k+ on your account or so (prob too hard to imagine too for you).

Now imagine the thought of it taking years for it to get off your account at the current rate, and imagine planning to play more (and thus gain more over time because you're a winning player). I know, this is all very hard to grasp, all these conceps are obviously things that are very far from your situation I guess so it's hard.

But if you do somehow manage to imagine being in that situation: what do you do? Sit on the 50k, 100k, whatever in ur account and not be able to use it ever knowing this amount is even going to keep rising in the meanwhile and you'll have no use for it ever whatsoever? Or do you sell off some?

Sorry, but to me, this really ISN'T AT ALL hard to grasp, but hey, this world is filled with people who just don't have an open mind about anything and only see stuff from their view.
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Old 06-27-2013, 03:23 PM   #61
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by hopesolo9 View Post
So Shane..****ltiple choice question for ya...

What is stopping you from investing everything you have/taking out as many loans as you can, buying up all the lock for sale at .35, waiting "3-4 weeks" and then rubbing it on your tits?

A. That wouldn't been in your best interest because your going under
B. That is what your in the process of making happen
C. Your ******ed
D. The pretty obvious rule in place that doesnt allow employees to have accounts.

Also the grammar mistake in C is pretty hilarious.
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Old 06-27-2013, 03:26 PM   #62
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by formula72 View Post
McCormick,

Throwing away 6,500 dollars because of bad cashout times? I know Shane said he prolly needed the money bad and Im sure you will back him up on that but do you really believe he needs the money now? If not, which likely, why wouldn't he just wait it out. I'd wait a long time for 6,500 dollars. Or doo you think there is a chance that he believes the site is going under and he is trying to get the money now versus never?
People have life events all the time that require them to get their hands on cash in a hurry.

Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.
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Old 06-27-2013, 03:30 PM   #63
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by Mccormick View Post
Oh, I'd actually like to add: I have all reason to actually devalue Lock $ in a pure mathematical / own profit, I'm someone usually buying up funds after all. Still, I simply post what I think is the truth based on common sense, but hey inc. more conspiracy theories about that I guess

to above: how is it throwing away any $ ? There's so little people who have the ability to "put theirselves into the shoes of others" it seems. Imagine being a Lock Pro. (prob too hard already) Now imagine having 50k+ on your account or so (prob too hard to imagine too for you).

Now imagine the thought of it taking years for it to get off your account at the current rate, and imagine planning to play more (and thus gain more over time because you're a winning player). I know, this is all very hard to grasp, all these conceps are obviously things that are very far from your situation I guess so it's hard.

But if you do somehow manage to imagine being in that situation: what do you do? Sit on the 50k, 100k, whatever in ur account and not be able to use it ever knowing this amount is even going to keep rising in the meanwhile and you'll have no use for it ever whatsoever? Or do you sell off some?

Sorry, but to me, this really ISN'T AT ALL hard to grasp, but hey, this world is filled with people who just don't have an open mind about anything and only see stuff from their view.
Makes sense.

Only one problem.

He doesn't believe then that cashout times are going to improve enough to where he can make cashouts at a reasonable rate.
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Old 06-27-2013, 03:33 PM   #64
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by formula72 View Post
Makes sense.

Only one problem.

He doesn't believe then that cashout times are going to improve enough to where he can make cashouts at a reasonable rate.
Well geez, it's been what, a year now or so of this ****? After all this time, one would start doubting. My suggestion is also to quit hoping for improvements on it, it's not going to happen, I really really suggest everyone to just "accept" it won't improve, and maybe, very maybe one day it will, but then just be happy if/when it actually happens, I don't personally hold my breath for it anymore.
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Old 06-27-2013, 03:33 PM   #65
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Re: Well this is interesting...(by interesting, I mean ridiculous)

McC - you can discount logic as "conspiracies" all you want, sir. You're disregarding the point I'm making. You can trade Lock at whatever you can get for it. You aren't working for Lock, so far as I know. What company has an agreement with a player that allows them to devalue their own money?

And again, for the third time - HSNL thread, where very little is put out there in terms of vig values and what's traded back and forth, would have simply yielded a few "looks like Lock's pros are bailing" comments and some increased consternation - who knows what affect it would have had on the P2P thread. However, he posted in the P2P thread. So, at best, he's incompetently posting without realizing or caring what that does to the market in that thread (and how there's no language in his agreement with Lock telling him he can't trade below a certain threshold is beyond me - can he trade it off at .25 or less if he so desires?).

The fact these people never give any reasoning in clear English for any decisions they make only compounds the issues, as well. Fact remains - as a company, if you're allowing those associated with you to basically have free reign as long as they keep the promotion machine going, you're asking for things like this to happen.
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Old 06-27-2013, 03:34 PM   #66
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Re: Well this is interesting...(by interesting, I mean ridiculous)

Quote:
Originally Posted by imjustshane View Post
People have life events all the time that require them to get their hands on cash in a hurry.

Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.
I wont disagree with you there.

But are you telling me in your opinion that he cant find any other ways to obtain that money that would cost him less money in vig to pay for what he needs?

Really?

It is either a horrendously bad decision or he just has no other means.
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Old 06-27-2013, 03:34 PM   #67
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Re: Well this is interesting...(by interesting, I mean ridiculous)

shane I have a question. Assuming all our money is safe, and every single dollar of player balance is accounted for.

Why would lock care if players transfer money to each other since all it does is have player X have 10k balance instead of 2k since player Y send him 8k?

I remember a while back there was some nonsense about people abusing transfers and not allowed to cash out because they were just buying up funds at a discount and cashing out without playing. What is your explanation for that?
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Old 06-27-2013, 03:34 PM   #68
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by imjustshane View Post
People have life events all the time that require them to get their hands on cash in a hurry.

Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.
Yes because reputable professionals would have no offering of backing or loans, that would be a much better deal to take, then to give his money away for free, if he had any faith of receiving his money, I'm sure he wouldn't give his money away.
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Old 06-27-2013, 03:41 PM   #69
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by imjustshane View Post
D. The pretty obvious rule in place that doesnt allow employees to have accounts.

Also the grammar mistake in C is pretty hilarious.
Given the context, fine you get a point, but in general.... welcome to the ****ing internet?


So your looking for no ways around this rule that doesnt allow employees to have accounts? Putting a friend on? get real man, don't come on here essentially claiming there is free money within reach while denying it for yourself... its embarrassing one way or another

Edit: By no means am I trying to make any personal jabs but tell your higher ups that what they have you saying is pretty much simply disrespectful the community
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Old 06-27-2013, 03:49 PM   #70
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by imjustshane View Post
People have life events all the time that require them to get their hands on cash in a hurry.

Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.

I believe you mean "they" since its not just Greg thats selling
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Old 06-27-2013, 03:50 PM   #71
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by imjustshane View Post
Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.
Just goes to accountability, sir. Not everyone has an angle - and some of us, if we do have one, it's that we want to see accountability. Once. Someone to step up and say yeah, hey - probably not a great move, because others that are selling Lock in the P2P thread might end up having to take even less for their dough now. And it wasn't the market that dictated that - it was one of our pros. Apologies, and we'll take steps to ensure that if a situation like this arises again, we'll take care of it in-house.

But I guess that is asking a lot.
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Old 06-27-2013, 04:08 PM   #72
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Originally Posted by Mennas Joint View Post
#2 is a great point for everyone reading far too much into things... everyone was in an outrage when one pro a few weeks ago got a cashout via skrill in 3-4 weeks, but now everyone is in an outrage when a lock pro is selling outta necessity... Selling outta necessity = pros not skipping and getting bumped in the que, otherwise these pros wouldnt need to be selling at .33

Some of you posters only try to have it one way, and that way is whatever way suits your arguements better

Alright everyone, go ahead and start calling me a shill

smh
Are u and shane sharing a bunk bed?
Seriously they need 3k that bad, lol ok. No you idiot they dont want lock to shut its doors b4 they at least get something .

Last edited by VARICO11; 06-27-2013 at 04:17 PM.
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Old 06-27-2013, 04:23 PM   #73
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Re: Well this is interesting...(by interesting, I mean ridiculous)

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Are u and shane sharing a bunk bed?
Seriously they need 3k that bad, lol ok. No you idiot they dont want lock to shut its doors b4 they at least get something .

Is it not obvious to you that ANYONE selling money at a discount is doing this for two reasons: One, a confidence level... Two, people need money. Yes, some people need 3k that bad! Add these two together, and sure you can read between the lines that they want money off before the doors "hypothetically" close. But again, this is why ANYONE sells at a discount, that's why that particular market exists.. This is essentially how the stock market works.. and so on and so on... The price of anything is a direct relation in the confidence one has in a particular market/product... You can even relate this to sports betting as a whole.. price is driven by confidence on a particular team winning a game or covering a point spread

And I mean, how is it so hard to grasp that some people have LEGITIMATE amounts of money on here... not just 10k they are trying to sell... If you had 40-60k online, and you knew that wait times were 2-3 month per 10k rip, you would almost be a fool to not just sell off 3/4 of it, wait out the rest to come off, then if you REALLY WANT to not throw away the vig you just did, rebuy some at a discount with the money coming off...

This isn't rocket science people... I think the problem is many people posting their opinions here aren't dealing with account balances in their own names in the mid 5 figures range.. and if you had that amt in your account, you likely would also be exploring other options to get cash off...

Last edited by Mennas Joint; 06-27-2013 at 04:29 PM. Reason: added to paragraph
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Old 06-27-2013, 04:37 PM   #74
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Re: Well this is interesting...(by interesting, I mean ridiculous)

Quote:
Originally Posted by imjustshane View Post
People have life events all the time that require them to get their hands on cash in a hurry.

Everyone is looking at this looking for an angle and ignoring the simple fact that he needed cash in a hurry and while the vig would be annoying as hell to him this would have been the fastest way for him to get his hands on the cash he needed.
Yeah, I'm sure its really hard for this Greg to get 3k at less than 200% interest.
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Old 06-27-2013, 04:40 PM   #75
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Re: Well this is interesting...(by interesting, I mean ridiculous)

you have some valid points but dont come in defending shane hes brainwashed. I barely even seen hokie greg play let alone bink anything. I doubt he has more than 15k on there. And yes over the past three months i sold everything i had on lock about 40k ish and barely got 15k thats what pisses me off. Not to mention lock cancelling all those 10k cashouts for row players and saying they are part of a cheating ring. LOL
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