I think that before we mentioned the bond, it should have been 100% verified, yes. If that meant going to the governing body and looking at statements, then we should have done that.
I do not think any of us are proud of how this has transpired. Lots of emotions flowing right now and no one has been stiffed yet. Obviously, we do not want to see that happen. I am keeping the faith.
I do not think any of us are proud of how this has transpired. Lots of emotions flowing right now and no one has been stiffed yet. Obviously, we do not want to see that happen. I am keeping the faith.
Even if there is a $500,000 bond, it never was implied that it would be used to get the players paid in a day. Maybe it is there, maybe it is not, but I don't think that any gaming jurisdiction could get books to post a bond that they would just go and liquidate in an instant. Bottom line is that players operate on a "pay me this instant or you are a thief" attitude while gaming regulators and courts operate on a far slower basis. I would say wait a week or two and see how much is still not paid, then maybe ask these questions.
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Part of there requirement to obtain a license with the government here in Panama. Is the investors put up 500k thru a bond or a LOC backed by actual funds held in a bank. Those financial instruments are in place if the company ceases operations or if there was any disputes against the company. Which is not in any of the plans.
Scotty
Part of there requirement to obtain a license with the government here in Panama. Is the investors put up 500k thru a bond or a LOC backed by actual funds held in a bank. Those financial instruments are in place if the company ceases operations or if there was any disputes against the company. Which is not in any of the plans.
Scotty
