cant sbr liquidate betisland assets and pay players?

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  • SportsMushroom
    SBR MVP
    • 09-28-10
    • 4177

    #1
    cant sbr liquidate betisland assets and pay players?
    since sbr is 'accross the street' maybe they can go by and liquidate everything, computers, servers, software, fixtures and fittings?

    not gonna be enough to cover everyones balances but maybe they could be distributed proporionately to players depending on the size of their balance

    also, not sure if its true but I think I read in a couple of threads that BI owned the premises, maybe that could be sold to pay the players



    I know that sbr does not have a legal standing but if players with balances signed permissions as creditors of betislands the local courts would probably enstate sbr as liquidators
  • dmtrader
    SBR MVP
    • 09-26-09
    • 1320

    #2
    That's a great idea.

    While SBR is at it, they could also come up with an economic plan to avoid the fiscal cliff, cure cholera, and end poverty.
    Comment
    • Vegas39
      BARRELED IN @ SBR!
      • 09-22-11
      • 30686

      #3
      Would guess servers etc being used for 7redsports
      Comment
      • Chi_archie
        SBR Aristocracy
        • 07-22-08
        • 63172

        #4
        I think that would be called looting

        robin hoodish or not

        Lou can lead the pack!
        Comment
        • manny24
          SBR Posting Legend
          • 10-22-07
          • 20046

          #5
          shroomer most of the money was in the fixtures and fittings which are now in tonto shawn's private island home

          shroomer some may have also been added to the mountainside swiss chalet

          shroomer how much did you drop?
          Comment
          • Chi_archie
            SBR Aristocracy
            • 07-22-08
            • 63172

            #6
            they had a new location and facility the week this video was released

            check out 1:47

            Comment
            • darkhat
              SBR Hall of Famer
              • 08-18-10
              • 5722

              #7
              just cut your losses and play at 7redsports

              great bonuses and same day payouts
              Comment
              • flyingillini
                SBR Aristocracy
                • 12-06-06
                • 41219

                #8
                I have a feeling a lot of posters think they are actual sportsbooks, they are only call centers. $ goes elsewhere
                המוסד‎
                המוסד למודיעין ולתפקידים מיוחדים‎
                Comment
                • SportsMushroom
                  SBR MVP
                  • 09-28-10
                  • 4177

                  #9
                  Originally posted by Chi_archie
                  I think that would be called looting

                  !
                  nope, by law when creditors (which players are) are not getting paid they have the right to file for the company to go into administration, the courts apoint a liquidator (sbr was a bad example, probably a local law/accounting firm) to liquidate assets and pay creditors off
                  Comment
                  • flyingillini
                    SBR Aristocracy
                    • 12-06-06
                    • 41219

                    #10
                    Originally posted by manny24
                    shroomer most of the money was in the fixtures and fittings which are now in tonto shawn's private island home

                    shroomer some may have also been added to the mountainside swiss chalet

                    shroomer how much did you drop?
                    Ese Manny gets it!, great posting , great posting!!
                    המוסד‎
                    המוסד למודיעין ולתפקידים מיוחדים‎
                    Comment
                    • Robber
                      SBR Hall of Famer
                      • 10-21-09
                      • 6432

                      #11
                      Originally posted by flyingillini
                      Ese Manny gets it!, great posting , great posting!!

                      Would cheers Jon be considered an asset

                      Sell him for parts
                      Comment
                      • darkhat
                        SBR Hall of Famer
                        • 08-18-10
                        • 5722

                        #12
                        manner has stepped up his A game

                        manner is no longer playing games
                        Comment
                        • tblues2005
                          SBR Hall of Famer
                          • 07-30-06
                          • 9235

                          #13
                          The posters that live in Costa Rica can answer these questions because they know the laws there.
                          Comment
                          • Vegas39
                            BARRELED IN @ SBR!
                            • 09-22-11
                            • 30686

                            #14
                            Originally posted by tblues2005
                            The posters that live in Costa Rica can answer these questions because they know the laws there.

                            1.5 million sure buys law in your favor
                            Comment
                            • manny24
                              SBR Posting Legend
                              • 10-22-07
                              • 20046

                              #15
                              Originally posted by darkhat
                              manner has stepped up his A game

                              manner is no longer playing games
                              wherever darker leads manner follows
                              Comment
                              • SportsMushroom
                                SBR MVP
                                • 09-28-10
                                • 4177

                                #16
                                Originally posted by manny24
                                shroomer most of the money was in the fixtures and fittings which are now in tonto shawn's private island home

                                shroomer some may have also been added to the mountainside swiss chalet

                                shroomer how much did you drop?
                                not enough that my standard of living would be affected

                                its not about myself, although I might act like a douchebag around the forum, it actually pains me to see people losing money and I bet you some of those people will face financial difficulties now because they were counting on that money
                                Comment
                                • tblues2005
                                  SBR Hall of Famer
                                  • 07-30-06
                                  • 9235

                                  #17
                                  Originally posted by Vegas39
                                  1.5 million sure buys law in your favor
                                  maybe. That isn't that much if the government has much more.
                                  Comment
                                  • PAULYPOKER
                                    BARRELED IN @ SBR!
                                    • 12-06-08
                                    • 36581

                                    #18
                                    5 computers and 1 server won't get you too much
                                    Comment
                                    • manny24
                                      SBR Posting Legend
                                      • 10-22-07
                                      • 20046

                                      #19
                                      Originally posted by Robber
                                      Would cheers Jon be considered an asset

                                      Sell him for parts
                                      the tattoos will likely not be sold as a collection
                                      Comment
                                      • Chi_archie
                                        SBR Aristocracy
                                        • 07-22-08
                                        • 63172

                                        #20
                                        Originally posted by SportsMushroom
                                        nope, by law when creditors (which players are) are not getting paid they have the right to file for the company to go into administration, the courts apoint a liquidator (sbr was a bad example, probably a local law/accounting firm) to liquidate assets and pay creditors off
                                        yeah, by US law maybe

                                        good luck down there

                                        I'm sure they'll they'll respect the word of JUSTIN7 saying "This is ALL legal folks"
                                        Comment
                                        • Chi_archie
                                          SBR Aristocracy
                                          • 07-22-08
                                          • 63172

                                          #21
                                          how much you see 5Dimes being worth here

                                          Comment
                                          • SportsMushroom
                                            SBR MVP
                                            • 09-28-10
                                            • 4177

                                            #22
                                            Originally posted by Chi_archie
                                            yeah, by US law maybe

                                            good luck down there

                                            I'm sure they'll they'll respect the word of JUSTIN7 saying "This is ALL legal folks"
                                            nice one chi


                                            in all seriousness though

                                            There are many established forms of declaring bankruptcy in our laws, amongst those are included the application of the very manager or administrator of the company that is in the process of bankruptcy or including a creditor that can prove that the has stopped paying, amongst others, (these being the most common).




                                            if betislands indeed has privately owned offices, players can file an application to start liquidation proceedings, not even a building is needed, they'll look into BI bank accounts, if there is any money left they will find it


                                            isnt justin7 a lawyer and living in costa rica? get his ass in here, unless they want to keep the building to be the new home of the expanding 7redsports, now thate there are many bettors on the rebound they are bound to start expanding
                                            Comment
                                            • Pete0
                                              SBR MVP
                                              • 04-09-10
                                              • 3849

                                              #23
                                              i think they should !
                                              Comment
                                              • VegasInsider
                                                SBR Posting Legend
                                                • 12-12-10
                                                • 14593

                                                #24
                                                Did you see the pictures of the 5dimes office???

                                                It's nothing more than a desk, chair and computer.

                                                Fukking guys working like animals.
                                                Comment
                                                • avanbarksdale
                                                  SBR Hustler
                                                  • 12-19-12
                                                  • 61

                                                  #25
                                                  sporty just wants his cash

                                                  jon can u pay sporty

                                                  thanks jonny
                                                  Comment
                                                  • Robber
                                                    SBR Hall of Famer
                                                    • 10-21-09
                                                    • 6432

                                                    #26
                                                    Originally posted by manny24
                                                    the tattoos will likely not be sold as a collection
                                                    Was thinking of them but not sure if they'd fetch much on the market
                                                    Comment
                                                    • manny24
                                                      SBR Posting Legend
                                                      • 10-22-07
                                                      • 20046

                                                      #27
                                                      Originally posted by Robber
                                                      Was thinking of them but not sure if they'd fetch much on the market
                                                      robber sharp

                                                      robber debt before dishonor
                                                      Comment
                                                      • milwaukee mike
                                                        BARRELED IN @ SBR!
                                                        • 08-22-07
                                                        • 26914

                                                        #28
                                                        Originally posted by Robber
                                                        Would cheers Jon be considered an asset

                                                        Sell him for parts
                                                        i will bid on the knuckles that are tattooed with "fukk pigs"
                                                        Comment
                                                        • manny24
                                                          SBR Posting Legend
                                                          • 10-22-07
                                                          • 20046

                                                          #29
                                                          Originally posted by milwaukee mike
                                                          i will bid on the knuckles that are tattooed with "fukk pigs"
                                                          miker i got jon/shawn/wager chief/rossi/7red clerk for secret santa

                                                          miker i hope he likes them

                                                          miker cheers!

                                                          Comment
                                                          • Duff85
                                                            SBR MVP
                                                            • 06-15-10
                                                            • 2920

                                                            #30
                                                            Originally posted by milwaukee mike
                                                            i will bid on the knuckles that are tattooed with "fukk pigs"
                                                            Guy does look like a retarded tool.
                                                            Comment
                                                            • shaunovery
                                                              SBR Posting Legend
                                                              • 11-15-07
                                                              • 18143

                                                              #31
                                                              Let's face it bi players done there cash move on
                                                              Comment
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