Obviously MGS is running the show. Tusk was licensed by MGS and by MGS recommended partner to the skins. The whole construction has MGS signature. MGS offered the skins a package containing MGS' softwares, network and money transfering partner (Tusk).

Of course customers can walk away if they want to. What are you suggesting? That MGS ought to have the option to held it's customers in force?

Hey guys, thank you for all the help in this thread.

I got one more question. I withdraw 5k from red9´s when the rumors started but they obv never arrived. The $ were not anymore available in my account but i got no email of rednines to proof that it withdrew the 5k.

Any idea what I can use as proof of debt?

Izo.

Ah - you mean a 'Debenture' - a creditor securing its debt over all the assets of a company? Sure they exist - but will only operate to secure that particular creditors debt. Great if Microgaming have a debenture over Tusk and under the terms of their contract Tusk are obliged to pay the player balances to them (assuming there is some money left) . No use to us otherwise.

AS for applicable law - Vanuatu and Oz law is very strongly based on the UK Bankruptcy/Insolvency Acts. Oz law has diverged a bit, but Vanuatu is still using old UK legislation

for personal bankruptcies the UK 1914 act still applies
http://www.paclii.org/vu/legis/vu-uk_act/ba1914142/

I assume one of the old UK Insolvency Acts would therefore apply to companies.

You can see that they are talking about reforming the Insolvency Law generally

http://pid.adb.org:8040/pid/TaView.h...No=01&typeCd=2

They only sent me an email after i had sent about 5 to them.

Hi huys i have some questions about this pdf. is there anything to answer after
" position with or relationship to creditor ". ( i have to put iam the creditor here right ?) i mean admitted to vote etc and after ?? i have something to put here ?

Other questions , which kind of screenshots or stuff can i send with the pdf ?
"The more proof you have, the better it will be" i dunno what i can send. Neteller summary ?

Thanks in advance.

I just got this private message which is obviously a phishing message. Whoever sent this is disgusting. First, I have no money anymore to steal, secondly don't you think I've suffered enough.

simspartners
stranger


Join Date: Apr 2008
Posts: 0 Tusk Investment Corporation

--------------------------------------------------------------------------------

Dear Sir / Madame.

We are contacting you regarding the posts and the issues regarding your claims at TUSK INVESTMENT.

Before we can reveal any information and or offer you any kind of settlement in this matter we would like to send you information and documents of confidentiallity in this matter.

Please at your convinience give us a email adress and / or telephone number to discuss this matter.


Grant Sparks and Ray Richards

Joint & Several Official Liquidators


@ least spell convenience correctly.

You should have fked with them for a while

I have not played much for the last months, so i don't know the whole story here.

I still have some money on Rednines in my account. What is the best option at the moment? Try to withdraw it?

Give them the sims partners phone number.

Yo big2k4,

Why don't you just take a plane ride over to simpartners and ask for a face to face meeting? If I had 300k+ locked in this mess I don't think it would be a big stretch to bump up your involvement to the next level.

Withdrawals are not processed so there is no point in trying that unfortunately.
Read the last 10 pages of the topic to see what most of us are doing. (sending forms to the liqudators)

I talked to my dad who is a lawyer about this and he explained that are funds had to have been held in trust based on the structure of the company and that even if they were not by the company, our relationship with the company is one that they legally should have been and players are the first to get paid ahead of the liquidators fees. He also claimed that if there were was a shortage of funds to pay all the players then criminal action could be taken against the owners of Tusk.

Today, I asked the Liquidators via email if the players' funds were held in a trust?

I haven't received a reply yet though...

Dont even expect a reply. I emailed them twice last week with a question, and never received a reply.

That's pretty good news. Will he represent you and contact the liquidators to find out what's going on? i.e whether our funds are held in trust or there's enough to cover our balances? Or you both could fly over and meet them face to face?

About the criminal action.... There is a reason why they are located in Vanuatu.... To my knowledge I have never heard of a player succesfully sueing an online poker company or subsidiary (although I will gladly be proved wrong). Those are the dangers of an unregulated industry wuch as this one....

And FYI from what I am hearing it is more likely we get nothing at all then every penny we are owed. That doesn't mean we won't get anythig but it sounds like there is about a 1% chance that we would actually get our full balances back. There seem to be a surprising number of players who still seem to think that we will get back our entire balance (this scenario is extremely unlikely).

These guys make Dutch Boyd look like a choir boy.

Send them the filled out form + my scanned signature + screenshots of my Arctic poker balance.

Hoping to get the moniez soon...
Still never playing at Microgaming again after this.

I think I forgot to mention that Vanuatu part, which I guess would let them get away with a lot.

Also, I doubt I will be flying down there anytime soon as I am just starting my final exams.

then hire a Brisbane Insolvency lawyer or at least find out which court it's in and write to the judge..

i requested a withdraw the day that this went down and my balance says zero, wouldnt they have records of what players had the day they stopped us from playing?

I called the liquidators yesterday and spoke to them.

But they weren't able to tell me much, he claimed that they were still waiting to receive all the funds and documentation to how everything worked in the Tusk managament.

He said that it is still unknown whether the players are considered a seperate class or as general unsecured creditors.

Also I got confirmed that Microgaming is NOT a secured creditor.

I also asked about the forms and it doesn't matter if you sent it by email or by actual mail and that the proof of a screenshot was enough.
He told me that they do have the information from microgaming but want to check if the information that microgaming gave them is actually correct, therefor the screenshot.

He hoped that they would receive the funds/information within a month but wasn't sure :x

When they do have more information about what the status of the player funds etc are they will be sending an email (he said) to all the players about what the situation is.

This is really dumb (of them, not you).

Good information there though, thanks.

Great post, thank you.

To the person wanting to know how to view a past withdrawl in RedNines software, go to 'my account' and then 'view my transaction history' under the cashier heading.

I need some clarification on the rake back/bonus situation. I received an email from the liquidators today with a form they asked to be filled out claiming for owed funds. I had a pending bonus that I was working off in combination with a rake back agreement. Is that an agreement with the skin or is it something I can claim against tusk or am I **** out of luck?