Matchbook - Futures not being settled as promised

[Hareeba!]

why is my friendo missing ******** orders of magnitude bigger than your entire sum of your claimed withdrawals?


When are you going to escrow btw? Oh wait. You don't think the dictionary definitions of "lie" were suitable. And that i should present my argument so you can welch. <3

put up or stfu

[Hareeba!]

They give him a .001% commission refund. And he withdraws that daily to feel his family.



Maybe you should look in the MATCHBOOK LEAVING THE US THREAD - where so many have NOT been paid. And all the drama this refund ********* is causing. Great job, Matchbook!!

just more crap from someone who finds it impossible to understand simple concepts but takes delight in pouring shit on those attempting to help him make sense of things

[Thremp]

put up or stfu

I've been asking for this for weeks! GET AN ESCROW. TAKE MY MONEY!!!

PS: Are you aware that Matchy's slow pay debt is larger than WSEX's reported debt as reported by SBR?

[Santo]

But probably somewhat less overdue...

[Thremp]

Assuredly. But taking a choice between size or time is like choosing between burning the roof of my mouth with really hot pizza or stubbing my toe.

I def don't want to give the impression that Matchy is a worse risk than WSEX (who's been bleeding a few funds out for a year or so), but I want to say that it clearly isn't "ALL IS WELL WATER IS FINE". No liquidity, an inability to pay their US debt (which they had been planning for weeks), and a bizzaro business model leads me to a lot of "wtfs".

[wrongturn]

I think all here agree that the delay is due to processor issues, not lack of fund. It is very frustrated for people waiting to be paid, on the other hand, it is business as usual to non-US players. So let's just respect each others opinion here, and not get overboard on this.

[d2bets]

I think all here agree that the delay is due to processor issues, not lack of fund. It is very frustrated for people waiting to be paid, on the other hand, it is business as usual to non-US players. So let's just respect each others opinion here, and not get overboard on this.

I doubt everyone agrees. I think it's more than a bit curious that it seems like most of the smallest balances have been paid first while the larger balances continue to wait. Not sure why that dichotomy would necessarily be processor related.

[wrongturn]

I doubt everyone agrees. I think it's more than a bit curious that it seems like most of the smallest balances have been paid first while the larger balances continue to wait. Not sure why that dichotomy would necessarily be processor related.

That is fine. Respectfully disagree then. I had a large balance and was paid in 30 days.

[todd73nj]

just more crap from someone who finds it impossible to understand simple concepts but takes delight in pouring shit on those attempting to help him make sense of things

Well provide some information on those concepts - you couldnt provide any info on the regulators, you cant provide info that MOST have been paid, you cant provide info about how a real take over works just like the way MB is doing things.

You are just a blowhard.

I think all here agree that the delay is due to processor issues, not lack of fund. It is very frustrated for people waiting to be paid, on the other hand, it is business as usual to non-US players. So let's just respect each others opinion here, and not get overboard on this.

I doubt everyone agrees. I think it's more than a bit curious that it seems like most of the smallest balances have been paid first while the larger balances continue to wait. Not sure why that dichotomy would necessarily be processor related.

That is fine. Respectfully disagree then. I had a large balance and was paid in 30 days.

Bottom line - the majority have not been paid. And this is a now a circus. If it is processor issues - their almighty lawyers in their brilliant advising, should have forseen this - and just simply sent checks. But I guess if they had sent checks - or allowed book to book - that would mean the money would have actually had to be their to pay the players.

I guess they need to wait for Hareeba to pay some more commissions! Instead of posting so much foreplay on ANY thread that includes the word matchbook, go generate some commissions so everyone can get paid!

[todd73nj]

I've been asking for this for weeks! GET AN ESCROW. TAKE MY MONEY!!!

PS: Are you aware that Matchy's slow pay debt is larger than WSEX's reported debt as reported by SBR?

Can you link this post? Id be interested to read it!

[d2bets]

That is fine. Respectfully disagree then. I had a large balance and was paid in 30 days.

Not sure what you're defining as "large" (assuming you mean over 25k at least). In any case, maybe my impression is not accurate. Obviously I don't know everybody's case, it was just my general impression that small balances (let's say under 25k) were paid sooner and the larger balances were being put at the back.

[wrongturn]

Not sure what you're defining as "large" (assuming you mean over 25k at least). In any case, maybe my impression is not accurate. Obviously I don't know everybody's case, it was just my general impression that small balances (let's say under 25k) were paid sooner and the larger balances were being put at the back.

I know you have not been paid, but I won't worry too much if I were you. It is nothing compared to Neteller fiasco when I thought my money there (even larger) was lost forever.

[todd73nj]

Not sure what you're defining as "large" (assuming you mean over 25k at least). In any case, maybe my impression is not accurate. Obviously I don't know everybody's case, it was just my general impression that small balances (let's say under 25k) were paid sooner and the larger balances were being put at the back.

The last guy who bragged about size (wager size that is!) ended up having $600 in futures or something like that. I think when people refer to their account amounts its relative to what they can afford to lose. So large to him might be $1000 or might be $50000. But if it seems that the greater amounts have not been paid yet - then I would assume his to be in the range of the smaller balances that have not been paid.

A player who I know, still has an unpaid balance of over $30,000. While 2 other players who I speak with have been paid - and their balances were just a few thousand.

If someone isnt willing to provide a screen shot, you have no way of knowing whats true or not.

[Thremp]

Can you link this post? Id be interested to read it!

No. Because it wasn't a post and was a personal conversation.

[todd73nj]

No. Because it wasn't a post and was a personal conversation.

Well Im curious - what are those debt numbers?

And why would an exchange have debt? They should keep players funds separate - since they are not winning off of losses, but profiting on commissions. Or in this case are you referring to player funds due?

[Thremp]

I don't know. Probably because they're insolvent. I'm not even sure what the first question you're asking is.

[todd73nj]

I've been asking for this for weeks! GET AN ESCROW. TAKE MY MONEY!!!

PS: Are you aware that Matchy's slow pay debt is larger than WSEX's reported debt as reported by SBR?

I don't know. Probably because they're insolvent. I'm not even sure what the first question you're asking is.

My question was - Was it that debt dollar amount?

Hareeba, told me 100x I dont understand business. (And of course wouldnt clarify his statement lol) Yet I have probably own.
/sold more businesses than 99.9% of people will in their lives. And prior to sale of any of my businesses, debts to my creditors, etc were paid off.

So just the fact that they would purchase this business - AND THEN slow pay the prior players is just mind boggling. But I guess in my case - I needed those creditors for future ventures, but Matchbook does not.

[Thremp]

I still don't understand. Sorry.

[todd73nj]

I still don't understand. Sorry.

You said that Matchbooks slow pay debt is larger than WSEXs, correct?

I am wondering if there is a dollar amount that can be put to that statement - or if its just an in general statement

[Thremp]

Yes. Its pretty clear what the dollar amount is since I gave a specific amount for the WSEX debt.

[BigFish]

Hey Todd and Thremp. Maybe I can bridge the communication gap here (if there still is one). Todd -- I don't get the feeling that Thremp claims to know exactly how much the MB slow pay amount is. I do think, however, that the WSEX slow pay amount is ballpark $500K (as reported by SBR) and I get the feeling that Thremp knows someone that is owed (by MB) that much or more -- on his own. (I think I know who it is).
Add to all of that the additional MB US players still owed, and the aggregate far exceeds the WSEX debt.

[todd73nj]

Yes. Its pretty clear what the dollar amount is since I gave a specific amount for the WSEX debt.

Hey Todd and Thremp. Maybe I can bridge the communication gap here (if there still is one). Todd -- I don't get the feeling that Thremp claims to know exactly how much the MB slow pay amount is. I do think, however, that the WSEX slow pay amount is ballpark $500K (as reported by SBR) and I get the feeling that Thremp knows someone that is owed (by MB) that much or more -- on his own. (I think I know who it is).
Add to all of that the additional MB US players still owed, and the aggregate far exceeds the WSEX debt.

Im sorry I had never read the post on WSEXs debt - I dont read posts on places that dont pertain to me very often, or Id be reading on here 24 hours a day

I got out of WSEX before the slow pay drama; And Im very glad I did.

500k is a crazy #. And still the fact that the old management at MB didnt have our money put aside is crazy. And the fact that the new management didnt have this money to pay out closed accounts is even worse. Shows what kind of business they will run going into the future.

And Hareeba, the cash part of my account is now over due!!! Where is it buddy? Maybe you can find out for me during pillow talk?

[Hareeba!]

And Hareeba, the cash part of my account is now over due!!! Where is it buddy? Maybe you can find out for me during pillow talk?

yep, I've made sure that they're leaving you till the very last .. you deserve no less

[todd73nj]

yep, I've made sure that they're leaving you till the very last .. you deserve no less

Classy organization. Cant even complete the terms they created to get everyone their money.

I wonder if the Street is watching... Matchbook IPO cant be far off!

[Thremp]

BF,

Correct. Apparently my English isn't that bad. Also, its likely the same person, how many people are "stupid" enough to get 7 figs deep at a shop?

All,

I like how Hareeba has tried to deflect attention away from the ongoing slowpays and instead focus on his pocket change payouts. lol.

[Hareeba!]

I like how Hareeba has tried to deflect attention away from the ongoing slowpays and instead focus on his pocket change payouts. lol.

perhaps you'd care to show where that occurred ?

but just as with the alleged "lie" don't go holding your breath for it folks

[Thremp]

You welched. You didn't attempt to find an escrow nor did you contact J7 about determining an outcome. You're a spineless bitch. And a shill.

As for the topic at hand, please reference your ongoing focus on the chump change you were paid vs the huge mountain of current debt they're unable to pay.

[todd73nj]

perhaps you'd care to show where that occurred ?

but just as with the alleged "lie" don't go holding your breath for it folks

I still havent been paid.

But I didnt expect them to be accurate in their promises.

New Matchbook management and their lawyers are nothing more than a bunch of clowns.

[Hareeba!]

You welched. You didn't attempt to find an escrow nor did you contact J7 about determining an outcome. You're a spineless bitch. And a shill.

As for the topic at hand, please reference your ongoing focus on the chump change you were paid vs the huge mountain of current debt they're unable to pay.

Abject failure to answer the question
Precisely as expected

[todd73nj]

Abject failure to answer the question
Precisely as expected

Im being slow paid right now, Hareeba. Thats the answer your to your question.

As is EVERYONE else.

Since you like questions so much, Hareeba.. here you go.

1) Did Matchbook say 21 days to be paid from request date?
2) The Final day to request a pay out was 3/31/11?
3) So therefor, giving MB the benefit of the doubt and not including either Saturday or Sunday, Everyone should be paid by 4/29/11?
4) Has everyone been paid so far?
5) Are the vast majority Paid?

Pretty simple Hareeba.

They are slow paying. The majority do not have their money as evidenced by every other thread on SBR. And the majority didnt wait till the last day to request - so they should have been paid long ago!

Not a good sign for a book who is seeding their own markets.

Oh, and have you tried that KY Yours and Mine? Not sure is there is a disclaimer for use from behind.. but you must be sore by now!

[Hareeba!]

Im being slow paid right now, Hareeba. Thats the answer your to your question.

That is not the issue I was asking for evidence of.

As is EVERYONE else.

and that is a lie.
many (most probably most) have been paid

Since you like questions so much, Hareeba.. here you go.

1) Did Matchbook say 21 days to be paid from request date?
2) The Final day to request a pay out was 3/31/11?
3) So therefor, giving MB the benefit of the doubt and not including either Saturday or Sunday, Everyone should be paid by 4/29/11?
4) Has everyone been paid so far?
5) Are the vast majority Paid?

Pretty simple Hareeba.

They are slow paying. The majority do not have their money as evidenced by every other thread on SBR. And the majority didnt wait till the last day to request - so they should have been paid long ago!

Not a good sign for a book who is seeding their own markets.

Oh, and have you tried that KY Yours and Mine? Not sure is there is a disclaimer for use from behind.. but you must be sore by now!

yes there
can you just leave out the crap and stick to reasoned debate?

so it seems that payouts are slower than was originally anticipated
does that make anything I've said incorrect?
have you any comprehension of the enormity of the task they've got?
would the latest action by the US against the industry and payment processors not have anything to do with this?
yes there are a few who haven't been paid posting on various threads here but hardly an avalanche is it?
it is the general nature of people to post when they have a gripe rather than when they are satisfied - a high percentage of the silent majority have been paid

[todd73nj]

That is not the issue I was asking for evidence of.




and that is a lie.
many (most probably most) have been paid

yes there
can you just leave out the crap and stick to reasoned debate?

so it seems that payouts are slower than was originally anticipated
does that make anything I've said incorrect?
have you any comprehension of the enormity of the task they've got?
would the latest action by the US against the industry and payment processors not have anything to do with this?
yes there are a few who haven't been paid posting on various threads here but hardly an avalanche is it?
it is the general nature of people to post when they have a gripe rather than when they are satisfied - a high percentage of the silent majority have been paid

Hareeba, read the forums, most have NOT been paid.

And the enormity of the task was handled alot more timely than this when Tradesports closed down - and that was old ownership just closing and paying out. Not some new, super smart management team, with incredible lawyers coming in to take over and make Matchbook the best exchange in the world!

Has any check processor ever gone down? Not that Ive ever read about or experienced. If matchbook actually had the money to pay people - they would have sent checks or allowed Book to Book. But you applaud the fact that they are avoiding letting everyone know they have no money by hiding behind their lawyers.

I know about 20 MB players from the US - 6 have been paid.

[Hareeba!]

Hareeba, read the forums, most have NOT been paid.

I've read the threads here and maybe could find half a dozen who say they haven't been paid
About the same perhaps as those who say they have

why not run a poll to find out the truth?

And the enormity of the task was handled alot more timely than this when Tradesports closed down - and that was old ownership just closing and paying out. Not some new, super smart management team, with incredible lawyers coming in to take over and make Matchbook the best exchange in the world!

as I've suggested previously we don't really know for sure who's responsible under the agreement to pay out the US clients

Has any check processor ever gone down? Not that Ive ever read about or experienced. If matchbook actually had the money to pay people - they would have sent checks or allowed Book to Book.

once again demonstrating your incapacity to comprehend the situation
what's so difficult to comprehend that a book to book transfer would be in breach of US law ?

But you applaud the fact that they are avoiding letting everyone know they have no money by hiding behind their lawyers.

A downright despicable LIE
Show everyone precisely where I said anything remotely like that.

[Thremp]

You claim that companies who're slowpaying and don't keep money separate are insolvent. Matchbook has no verification of separate funds and is slowpaying. By your criteria they are insolvent. Not even debatable whether you'd consider them as such.

[todd73nj]

I've read the threads here and maybe could find half a dozen who say they haven't been paid
About the same perhaps as those who say they have

why not run a poll to find out the truth?




as I've suggested previously we don't really know for sure who's responsible under the agreement to pay out the US clients



once again demonstrating your incapacity to comprehend the situation
what's so difficult to comprehend that a book to book transfer would be in breach of US law ?



A downright despicable LIE
Show everyone precisely where I said anything remotely like that.

Ok so now we dont know who is behind the payout process? Think about your logic, Mr Shill.

If the old management was responsible for the payout process, they could have done the book to book - because they had already violated US law plenty of times. This new management is the one who never wants to complete a transaction with a US customer. So I think that answers who is behind it.

And we dont need to do any polls - You can clearly see in the other thread players who post daily not being paid.

By the way, Where is my money?