I started this thread with some of the key outstanding questions but Lock hasn't responded. http://forumserver.twoplustwo.com/19...-lock-1327721/

Mat says he expects to provide an update/action today.

I've suggested this before. In my country you can take ANY corporation/business to court for £49. I suggest any of you with big money 'locked' on there do this NOW before they become insolvent.

I don't know...but if I had money tied up on there....I would be trying to dump it in the marketplace for whatever I could get for it....35 cents on the dollar is better than zero.

The majority of the lock pros won't respond to questions

Shane is not responding to questions at the moment

you have players with 5 month waits on check cash outs

you have players with 10K holds because they had funds transferred into their account at some point.

Just seems all too quiet for everything that is going on.

Something that has been scary about lock from the beginning is that they built their business model on high rakeback/promotions...some black level vip players even claimed to be getting more than 100% rakeback altogether.

That tells me that from the beginning they were focused on acquiring large numbers of players and giving up profits initially to do it.

That's fine if you slow down the rakeback/promotions after gaining the traffic and go to a more profitable model....they never did that....so that means you have a site running on slim to no profit....who gradually increases cash out delays...hrm...the writing was on the wall a long time ago.

you guys should offer to sell to sell your Lock funds to Lock itself at market price which is about .40 on the dollar. As long as they guarantee to send it within 3 days.

yes and then sell those guarantees back to them for 40%, by the 5th iteration they might actually pay

This is just a sad and unfortunate way to do business and treat those that have supported Lock Poker. I cannot say I am surprised, but I am surprised that they maintain ads on this forum.

I guess I'm somewhat naive in thinking that 2p2 would take a hardline stance against any company advertising here.

I know that Mason gets a lot of criticism in how he runs the business end of this forum, but I always believed that above all he and the others running the company would not allow predatory advertisers. This might be the only internet board where thousands of dollars are traded on reputation alone, the trust of this community rests on how incidents like this are handled IMO.

I am with everyone in saying that I hope that you all eventually get your money.

I do not think that is going to happen but I hope I am wrong with this one.

Although your suggestion would be nice, I think it would set a very poor precedent for other sites.

All they would have to do is just start blocking accounts, holding back their withdraws and all of the other S@%**Y things Lock has done, knowing that they would be able to make "some profit" just giving back 40% of the funds that a player holds in their account.

That would really be scary.

Again, right now, 40c on the dollar AND getting it within three days sounds awesome!

That is because we all know that the odds of any player getting remotely close to that, regardless of what Shane says ( or doesnt say!!!! ) or any other employee of Lock, seems like a pipe dream.

Best case would be for all of you to get your money, withdraw and see Lock go down. They do not deserve to be in this business with the way they handle things and for them to even make a statement that " just when things were getting better....." shows you that are FOS.

Getting better? When was this? back in 2011?

Attention Lock, its 2013 and you just flat out suck.

That is not true at all. He frequently does not respond to questions or issues for several days. At one point, he went about 2 weeks without a single post in there...while various issues were being posted and reported.

He sometimes responds. But sometimes he does not. There is nothing conspicuous about a lack of his response at this point.

I understand people are panicky and are also in a hurry to learn what's going on or hear something. But let's not wildly speculate that Shane not responding for a few hours actually means anything. That's big-time overreading there.

2+2 has issued the ultimatum to them to provide actual info. Let it play out. Stop freaking that lack of response for a few hours from a different timezone from the studpidest employee in all of online poker is even remotely meaningful.

Haha, pretty fuuny sir.

Hope everyone gets their Lock funds.

Hmm, can you transfer money to someone and basically block their ability to win and cashout? Never played on Lock obv.

Amazing troll if you can.

2+2 to stop advertising Lock

http://forumserver.twoplustwo.com/19...poker-1328233/

This is good news.

I didnt want to get in and talk about the banners/ads etc on 2p2 but I am happy to see them removed.

I just think having them on there could get someone to make a deposit, not knowing the whole story about what has been happening, just because they see it on a 2p2 ad.

Of course many could say " well, if they are on 2p2, its not hard to see whats been going on " and this much is true.

However, I think there are people who may play poker but who are not 100% 2p2 savy on the site and may logically think " Well, I have heard perhaps there are issues but if its on this site, how bad can it really be. The people on 2p2 would not allow them to advertise IF it was that bad. "

So again, I am happy to see that this decision was made. Why even associate yourself with this because its just another -EV part of the poker industry and 2p2 is better than that.

Good job.

I accept the advertising thing is an issue but surely we should be concentrating more on this issue in hand which is what lock are doing about not allowing withdrawals?

Any comments from Lock as yet?

I suggest keeping an eye on the Lock forum if you are following this issue.

A new account claiming to represent Lock posted tonight, but nothing of any real substance (IMO).

They should really reverse themselves on not allowing transfer withdrawals asap or I don't see how they can survive.

Are they saying they will get this fixed?

Of course they are.

They are claiming that cash outs will be fixed within 3-4 weeks.

Shockingly, people don't believe it, because they've been told that multiple times before.

Take Locks claims as stated above, add TheShanachies' avatar and there you have it.