I'd probably buy at .10, just on the off chance that somebody buys them out and decides to honor the balances.

Witteles u ravage. Took like 82 troll posts for someone to really nail the issue and hypocrisy.

Kilowatt = witteles.

Nailed it.

Yes it would, but if he isn't at the top of the cashout list he has to wait we cant be bumping pro's to the top of the list just because they need cash fast.


There is a big difference between a couple of pro's needing to sell and cashing out a small portion of their bankroll and the 50 or so accounts that were linked together in a plot to buy funds low and use affiliate status to cashout fast ahead of other players.

The cashouts that were cancelled and the rules that were put in place at that time weren't to stablize the trading market they were to put an end to an organized effort to manipulate and profit from our already low trading value but driving it lower.

Why not? It's been demonstrated (and if you've addressed it so far, I haven't seen it) that another forum has someone who has had people waiting FAR less than some of the posters on this site get bumped up the ladder.

So by appearances, Lock doesn't actually give a rats ass about the line, they'll pay people who have requested recently over those who requested in Jan/Feb for whatever mysterious reason.

I mean since you've already demonstrated that your line means nothing, why not let the pros get bumped?

I assume it's probably because the pros have much larger cash out requests and frankly you just don't have the liquid funds to cash out what they need.

it wont be long until lock is gone. Shane when you need a new job pm me I have my black magic PR man job open, only thing you need to do is lie all day long

I am so happy these news are in ALL big poker sites now and in all media

The players from the other site go on the same list the 2+2 players go on.

The 2 differences are that their cashout amounts are much smaller and therefore easier to get out at the tail end of batches and their community is smaller and more inclined to post immediately thanking when a cashout goes through so more success stories are posted.

The 2+2 players who have contacted me have a much higher total average and total value of all cashouts they have chased up than the other site.

Also there is a much higher number of players from 2+2 that have actually been helped and a far greater total value of cashouts has been processed for 2+2 players than for the other site. The average per player that has been helped is much higher so this isn't just tied to the fact that the 2+2 base is much bigger.

Oh, come on. You cant have it both ways. You provide your report for transparency, and then say that it would have been better if they didnt publish their vigs so as to not drive down the price? How is that a reasonable position? That isnt how markets work. If anything, you should be happy that they published the rate they were selling at because the more information you have for your report, the better.

People need money for different reasons and sellers arent always jumping over each other to complete trades. If somebody prices money low in order to sell it quickly, that doesnt mean the trade didnt happen.

What do you want your report to be used for? Setting a fair price by promoting transparency, or ensuring a market stays artificially high to help buyers? Should a buyer be annoyed by them posting that price? Sure, but as somebody who is offering an independent service you should be welcoming more information with open arms.

If this is a conspiracy to drive down the price of lock money and those orders werent even serious, then that is a huge issue, but I think that is a big assumption to make and the only situation where this actually was a big deal.

Shane, there is no "list". If it exists, just post them here on the forum so people know the status of their cashouts. And there are several ways around the "privacy" excuse you are going to use. So don't go there.

There are no "batches". All you have to do, is take all of that "segregated" (lol) money, run it down to the payment processor and have them cut checks. Only takes a few weeks to do if you have the cash. As for this "small batch to fly under the radar" excuse. Let me clue you in. The US authorities already know who you are and who your payment processors are. They got the big boys first. Do you really think that they just forgot about all the other US facing poker sites? Its not exactly hard to track you idiots down..............


Your plot theory is irrelevant. You owe the money, so pay it.

The low trading value is a result of your companies actions, no one is manipulating that. The trading doesn't effect anyone but the parties involved. You are still paying out the same amount, regardless of who it goes to.

The fact you don't seem to understand why this is part of the problem is sort of staggering.

People getting paid before those who have been waiting longer is part of the problem, and means that some people are getting bumped up the ladder. And the only fault of those who aren't getting bumped in those spots is because *gasp* they've asked for too much money!

Seriously, do you have drunken chickens pecking at a keyboard to make decisions for your company? It would explain a lot.

You (Lock) are alienating more and more customers by bumping people with smaller, more recent cash outs to the front of the line instead of figuring out how to get people who have been waiting forever their money.

These are customers. They should not have to beg and plead for six ****ing months to get what they are owed.

Oh, and (shocking, I know) there is no evidence that the total Lock cashout picture has gotten any better recently, so quit pretending otherwise. For every person who was waiting 5-6 months who has been paid, another gets added to the list because enough time has passed.

Yeah bro. The cash outs are smaller.

The Lock pros needed some quick cash.

There's a scrill backlog.

Funds trading fraudsters clogged up the system.

Payment processing is like a series of pipes.

Our cash out processing volume is on the rise.

We're putting out batches every week.

Cypress? Never heard of it.

Portugal? Never heard of it.

I recently noticed that a few pro's on lock poker are selling some of there funds I was wondering how do they even do this ? sell to a third party ?
I am from the uk an never heard of anything like this before

They sell it to other people, like on this very forum. 1 person sends Lock $, the other sends in return for example Skrill $, Neteller, BoA, or money on another poker site, etc. in return.

I had the same discussion with someone on Skype earlier this week and I just don't understand why we shouldn't help people where we can.

Under this theory even if we have money sitting with the processor that we should use for a smaller cashout we should wait wait for the next wire to hit and only keep processing cashouts in perfect chronological order.

The other thing I find very interesting is that for every person who is upset by this policy I would have at least 5 emails from 2+2 members who have emailed me asking to get their cashout before everyone else. What happens to their requests if we follow your preference and have no possible priority and only send cashouts in perfect chronological order?

What also should we do with cashouts that have already been sent to he processor but haven't arrived yet? Should we process no new cashouts through that method till the old cashouts have gone through?

http://forumserver.twoplustwo.com/sh...&postcount=784

@imjustshane What does Jen Larson have to say about Jared Hubbard and Greg Tiller's recent attempt to sell off 10,000 Lock$ for $3,300?

It's a novel concept, I know.

what should we do, process payments that have been held in limbo for six months?!

what should we do, pay out the bigger withdrawals that have been waiting for months BEFORE we satisfy the smaller withdrawals so that more people get paid and thus the public perception of us becomes better?!

What I have read on several forums, public perception is about as bad as it can, when it comes to anything associated with lock.

Shane, unless it's not clear, yes I think that paying people with smaller cashouts ahead of people with larger cashouts is a problem, assuming the person with a larger cashout submitted his request ahead of the person with a smaller one.

If I'm waiting in line at the bank and my situation/transaction is going to take a while, I shouldn't be pushed to the back of the line so that the teller can fit in two quick transactions before the teller goes on break. First come, first served (also lolanalogy but w/e).

Split the US/ROW transactions, of course, because no one reasonable expects US transactions to be as fast as ROW ones (on competent sites, anyway), but it's absolutely absurd that someone who has been waiting 2 months can jump the line ahead of someone waiting 5 months just because they have a smaller cash out so you can squeeze it through whatever imaginary pipes you guys are using.

You suck at customer service. You suck at keeping customers informed of what is going on with their money. You suck at any type of logical thinking and making this entire fiasco even close to right.

In short, Lock sucks in every possible way at this point and your efforts so far to make it any better also suck.

And note when I say you, I'm not talking about you, Shane (although I think you should be replaced as well, but you personally aren't responsible for things beyond your control). I'm talking about the site you represent and continue to lie for. I'm not trying to heap abuse specifically on your head for things you don't deserve, but the fact that you don't seem to understand why people are so angry is disingenuous. We are not stupid. We are not just bitter people trying to bad mouth Lock for no reason. We are part of the poker community that Lock has been screwing without lube for so long that we are screaming "enough!"

Just out of curiosity - how do you determine the order of priority for these smaller cashouts that are tagged on the end of batches, and how many of these payments are typically in a batch?

There is no spin for a .33 on the dollar cash out. I don't care if Greg is selling part of his roll. .33 on the dollar for money on an online poker site is completely unacceptable. The fact that Lock is trying to spin this in any way is ****ing sad.

[QUOTE=SGT RJ;39132736]

Seriously, do you have drunken chickens pecking at a keyboard to make decisions for your company? It would explain a lot.

I think u nailed it here

ok cheers for the reply, can someone put a link up to the thread please ?