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Old 07-16-2006, 05:46 PM
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I originally JOINED a game of trading sports shares from a webpage based out of Costa Rica. After talking with many many folks from this site it appears that the majority joined after being directed from a sports betting forum or other gambling portal.

Upon joining I was completely obsessed with this game (you will notice that I continually refer to this as a game) by waking up in the middle of the night to check on my portfolio - also while on vacation in the caribbean waiting in line to grab a quick peek before venturing off to the bar.

Then things started to not seem to sit quite right. Promises were not being honored, Important deadlines were not being kept and constantly rescheduled. Now at face value this is not a big problem - could be a very busy guy taking on far too much and deadlines really dont mean much to him. But to me, when the reasons are always different when being given by different people, things begin to seem a little shady.

Some other events that havent sat well with me and have me running for the hills over the last year (reason that I am still here is that it is almost impossible to sell off a $50K + portfolio).

- Arbitrarily Fining traders $100 and publicly embarassing these traders and when it came out that most of these were "accidents" no formal apology from management.

I believe that this is where it really turned around - That our management said we really dont need you traders, We are too great to need you.

And once the HYPE and exctremely vague statements from our almighty leader really started the alarm bells to ring.

And everybody knows of the stuff that they are pulling as of late.

So to sum up and this has turned into a novel


GIVE ME BACK MY GAME OF TRADING SPORTS STUFF

And if you cant do that

COMPLETELY LIQUIDATE MY ASSEST AT A "FAIR VALUE" AND LET ME WALK AWAY AND FIND A NEW GAME
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Old 07-16-2006, 05:54 PM
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I totally agree with this thought process Rick. It is so amazing to me that we are basically "stuck" with such large accounts that we can't sell very fast and then when we do it takes weeks to get withdraws. I just hope that if we are liqudated that is really is a FAIR VALUE. I mean if I deposited X and now my account is worth 3 times X, then I will be pissed if you give me X or X + 20% back. That is unreal. They better get this figured out ASAP.
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Old 07-16-2006, 06:00 PM
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They better get this figured out ASAP.

I'm not sure what that part really means. And if they don't? - I mean this is not a democratic process - we have a dictator at the helm and we really have no re-course at this time. He does what he wants and to Hell with his customers. We are basically being held hostage and I really dont believe for a moment that we will be given the opportunity to be given a truly fair value for our portfolio and then have the opportunity to withdraw that - that would be suicide.
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Old 07-16-2006, 06:03 PM
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Well, I mean that I hope they will figure out what they are going to do and then let us know, so we can all figure out what the hell we as traders need to do to comply or try to get out or what. That's all bud
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Old 07-16-2006, 07:29 PM
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Quote:
Originally Posted by Rickochezz
They better get this figured out ASAP.

I'm not sure what that part really means. And if they don't? - I mean this is not a democratic process - we have a dictator at the helm and we really have no re-course at this time. He does what he wants and to Hell with his customers. We are basically being held hostage and I really dont believe for a moment that we will be given the opportunity to be given a truly fair value for our portfolio and then have the opportunity to withdraw that - that would be suicide.
I have had and spoken these same thoughts for months,so too has Romn. always wondering if I was overeacting a bit, but not being able to help myself. thank you for speaking your thoughts so I know that, Romn and I are really not paranoid craizies like some lol. its not in the water, its at ASM. LMAO
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