Another forum in the works on bailout for beted clients

I understand what you are saying Freedom but from where all the players sit...covers is saying one thing, sbr is saying another.  Obviously one forum is lying through their teeth.  I dont know which it is, nor do i really care.  Im not sure what Dozier has to gain by claiming he sent you an email. 

Either way, I just hope the bailout gets implemented in the next couple days.

No problem, rich. I understand your view.

Didn't contact me either.

What a strange thing to stake your reputation on.

Strange times.

The problem is: who is to say that the deal that is best for Beted is even remotely good for the players?? It's not like they carpetbagged out of town in the middle of the night...........................................



So we've basically been hanging out in the dark without any real advocate. I don't think Bill Dozer has done any bashing of you guys, but honestly we would be lemmings if we accepted any single parties word hook, line, and sinker at this point.

esplanade, nothing personal, but I hate your avatar.

Even when you make sense, it makes you look like you are screaming to make a point.

Freedom...while i hope the bailout deal is good for all partied involved.  I think beted being ahppy with the deal should obviously take a back seat to the players being happy...after all they are the ones who packed up and ran without any communication at all with the players.  Would you agree with that? 

I COMPLETELY AGREE, nice post!

OK Lou, I'll change it for you.................

Freedom or Lou, can you please respond to this simple question. You will have to excuse me if it was asked already. 

Mikie, it's hard to argue against your point. But I will try...

Mike,

I think I can speak for Freedom when I say that we think the current sites should be mostly safe, but really as Freedom's article (the one you mention) states, nothing is 100% safe anymore so you have to be smart and protect yourself a bit.

But there are some people in the industry who have been going decades now without being shut down. They were doing it back even before the internet in some cases.

That's one thing about the betED situation... people were getting a bit lax. I personally met people in places like Canada and the UK for meetings, which probably wasn't a great idea for them in retrospect, but they felt reasonably safe.

Probably 75% of the industry was going to make some sort of presence at that Dublin conference, but Black Friday scared them away.

Now, those guys have once again closed ranks and bunkered down. So you can be fairly certain that - even if it might get a bit inconvenient sometimes - it's unlikely they will ever get shut down completely.

Update: We did find somebody who received an email from Dozier. Thank God. I thought he was losing it.

Can we assume this is a done deal? I will expect to hear news today.

Dozier does bring up one good point in that other books who have been taken have still made good on paying and did not throw in the towel and still had a pool of money to stay in business and continue operations. Beted may have been living by the seat of its pants without immensely deep pockets and unable to combat something like this the way others could.

michael, what I hear is that they have a preferred partner that they have been negotiating with and it's in the due diligence phase now.

so does it look/sound like there was a setback, or is it still just the same - on hold for word of an agreement?

As far as I know, it's still a "Go", but the due diligence is just taking time.

So what do you think is the hold up ?

Heard is was just due diligence. The purchaser wants to be sure they are buying a real customer list and not something that's just crap that looks good but is worthless.

odds of a bailout this week (by friday midnight / sat morning 12:01 am)

Well, since Lou said in the other thread that he thought the bailout announcement would be by Tuesday and as of right now, its Wednesday, I gotta think the bailout announcement will happen today or at worst case, tomorrow. 

Lets just keep our fingers crossed