BETPANAM says everyone will get paid - read interview

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This is further proof that booking to wise guy sheets and beards is not the smartest way to start up an operation, you can't give these guys anything. The books that survive doing so have monster square action to offset the wise guy play. (CRIS, OLY, Grande, Cascade, and a few others). Sounds to me like BetPanAm will be changing their operating model completly, which puts them in competition with quite a few books going the same route. Maybe they are right, and the overhead in Panama is suficiently lower than that of other countries, so as to give them a better than average chance to succeed using this new model. As usual time will tell, I can only wish them luck, they will need it.

wil.
 

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Hey guys,
You can contact us at the office tomorrow. We have talked to everyone who called. We are working to get everyone paid. Will take a few days but it will get done.I know its not the best situation. But it will be resolved.
Thanks,
Scotty
 

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Bottom line here is this. Stick with the big boys. Why bother when you have to WAIT for YOUR money. I could care less what the excuse is. Bottom line it'
marsububu.gif
s unacceptable.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by huggybear:
Bottom line here is this. Stick with the big boys. Why bother when you have to WAIT for YOUR money. I could care less what the excuse is. Bottom line it'
marsububu.gif
s unacceptable.<HR></BLOCKQUOTE>


It does seem like this huggybear...I am doing this for now anyway but I do have the faith that bet Pan will unsink
 

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i am not impressed. They cant pay and yet on their HOME PAGE right now there is not a single indication to a new person that there is major problems paying the bills. They continue to operate as normal hoping to trick more new people in and then slow paying or no paying them if they happen to win. Please betpanam put a notice on your home page for new customers that they should be careful in joining at the present time.....
 

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so how did the license in panama help the player?

It looks like it didn't... you would think that if the "investors" start to squable over putting money in the business to pay players the government would step right up to make sure they did.

solid as a rock
don't worry you'll get your money
I know it's tough, hang in there

these are all things that have been said before by EVERY book that has gone under.

the list of books that have said these things that have been able to turn things around is very short.
 

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Okay guys,
We dont have any new customers coming in right now. We have a bunch going out though.I will be in the office this afternoon if any one needs me. Everything will be okay. We have some investors going at it right now. Who obviously dont understand the downside of their actions. It will work out. I have also met with them. And they are working on getting the money in. If you need anyone you can contact me,Bill or Marty at our offices. People are still getting paid out. But with this landslide of request it will take a few days to straighten it out. No need to point the finger at others. I just found out myself Monday morning so I know the RX,Major,Krackman or anyone else couldnt have known because I didnt know either. I have been in contact with everyone. And they will all get paid. Discussed the situation with the Shrink last night. It will be okay. Give it a few days. I will be back and forth answering questions on the forums . Also the moderators have been helping getting people in contact with us. I know its a bad situation but it will all work out..
Scotty
 

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thanks scotty for the post...I suppose the Superbowl party has been canceled?? or is that still going for those that are attending?
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Betpanam:

Okay guys,

We don't have any new customers coming in right now.

DO YOU REALLY EXPECT US TO BELIEVE THAT? HOW IS THIS RELEVEANT TO PEOPLE THAT ARE OWED MONEY???

We have a bunch going out though.

PLEASE DEFINE A BUNCH...

I will be in the office this afternoon if any one needs me. Everything will be okay.

EVERYTHING IS NOT OK!!!

we have some investors going at it right now.

WTF? ARE THEY HAVING SEX OR FIGHTING???!!!

Who obviously dont understand the downside of their actions.

AND YOU TELL US NOT TO WORRY???!!!

It will work out.

IF THE INVESTORS CAN'T WORK THIS OUT, THEN WHY SHOULD WE BELIEVE IT WILL?

I have also met with them. And they are working on getting the money in.

PLEASE ELABORATE. HOW DOES ONE WORK TO GET THE MONEY IN? USUALLY, WHEN I NEED MONEY, I WRITE A CHECK FOR IT AND VIOLA, IT'S CASHED! WHY ISN'T THAT HAPPENING NOW,SINCE YOU CLAIM THE MONEY IS THERE????!!!!

If you need anyone you can contact me, Bill or Marty at our offices.

GOOD TO KNOW YOU ARE DOING EXACTLY WHAT THE DUNES DID BEFORE THEY STIFFED EVERYONE.

IN FACT, THEIR MAIN REASON FOR SLOW PAYING INITALLY WAS THAT THEIR INVESTORS WERE FIGHTING!


People are still getting paid out.

HOW MANY PEOPLE AND HOW MUCH?

But with this landslide of request it will take a few days to straighten it out.

CAN YOU IMAGINE GOING TO YOUR BANK ON A FRIDAY, STANDING IN LINE FOR ABOUT 30 MINUTES, AND HEARING THIS LAME EXCUSE??!!


No need to point the finger at others. I just found out myself Monday morning so I know the RX,Major,Krackman or anyone else couldnt have known because I didnt know either. I have been in contact with everyone. And they will all get paid.

WHEN????????????????????????????!!!!!!!!!!!!!!!!!!!!!!!!

Discussed the situation with the Shrink last night. It will be okay. Give it a few days.

SO STALLING IS SUPPOSED TO MAKE US FEEL REASSURED THAT EVERYTHING WILL BE OK AFTER THE WEEKEND????


I will be back and forth answering questions on the forums.

YOUR STATEMENT IS HOLLOW. IF YOU REALLY CARE ABOUT YOUR CUSTOMERS, PLEASE START ANSWERING THE QUESTIONS I HAVE ASKED IN THIS POST PLEASE....

Also the moderators have been helping getting people in contact with us. I know its a bad situation but it will all work out..

Scotty<HR></BLOCKQUOTE>

BAD SITUATION? HOW BAD?

HOW WILL IT WORK OUT?

WILL WE EVER RECEIVE DIRECT ANSWERS RATHER THAN YOU COMING HERE TO PACIFY US NOW AND SAY THAT EVERYTHING WILL BE OK WHEN IT IS NOT???!!!


IF IT APPEARS I AM ANGRY, IT IS BECAUSE I TOOK YOUR WORD TO BE GOLD, WHEN I VISITED YOU MONTHS AGO WITH KRACKMAN.

I DID WRITE AN ARTICLE THAT CAME DIRECTLY FROM MY HEART, JUST LIKE THIS POST DOES NOW.

I THOUGHT YOU GUYS WOULD REPRESENT EVERYTHING GOOD THAT COULD HAPPEN IN THIS INDUSTRY, WHEN IN REALITY, IF YOU GO UNDER, THIS WILL GO DOWN AS THE SECOND BIGGEST FAILURE IN OFFSHORE SPORTS BETTING, SECOND ONLY TO THE COLLAPSE OF ACES GOLD/SPORTSMARKET!!!


THE SHRINK
 

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WOW Shrink
YOu are really affected by this one and I agree with you. I was going to post that scotty was doing a good job handling the crisis and making himself available , but after reading your comments I guess I was wrong and you are really pissed for putting yourself on the line. Either way, I believe you are doing the right thing Ken. Ken- what do you think the chances of pan am going under are and wasnt there a backer worth 50 Million from real estate?
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by THE SHRINK:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Betpanam:

Okay guys,

We don't have any new customers coming in right now.

_ DO YOU REALLY EXPECT US TO BELIEVE THAT? HOW IS THIS RELEVEANT TO PEOPLE THAT ARE OWED MONEY???_

We have a bunch going out though.

_PLEASE DEFINE A BUNCH..._

I will be in the office this afternoon if any one needs me. Everything will be okay.

_ EVERYTHING IS NOT OK!!!_

we have some investors going at it right now.

_ WTF? ARE THEY HAVING SEX OR FIGHTING???!!!_

Who obviously dont understand the downside of their actions.

_ AND YOU TELL US NOT TO WORRY???!!!_

It will work out.

_ IF THE INVESTORS CAN'T WORK THIS OUT, THEN WHY SHOULD WE BELIEVE IT WILL? _

I have also met with them. And they are working on getting the money in.

_ PLEASE ELABORATE. HOW DOES ONE WORK TO GET THE MONEY IN? USUALLY, WHEN I NEED MONEY, I WRITE A CHECK FOR IT AND VIOLA, IT'S CASHED! WHY ISN'T THAT HAPPENING NOW,SINCE YOU CLAIM THE MONEY IS THERE????!!!!_

If you need anyone you can contact me, Bill or Marty at our offices.

_ GOOD TO KNOW YOU ARE DOING EXACTLY WHAT THE DUNES DID BEFORE THEY STIFFED EVERYONE.

IN FACT, THEIR MAIN REASON FOR SLOW PAYING INITALLY WAS THAT THEIR INVESTORS WERE FIGHTING!_

People are still getting paid out.

_ HOW MANY PEOPLE AND HOW MUCH? _

But with this landslide of request it will take a few days to straighten it out.

_ CAN YOU IMAGINE GOING TO YOUR BANK ON A FRIDAY, STANDING IN LINE FOR ABOUT 30 MINUTES, AND HEARING THIS LAME EXCUSE??!! _


No need to point the finger at others. I just found out myself Monday morning so I know the RX,Major,Krackman or anyone else couldnt have known because I didnt know either. I have been in contact with everyone. And they will all get paid.

_ WHEN????????????????????????????!!!!!!!!!!!!!!!!!!!!!!!!_

Discussed the situation with the Shrink last night. It will be okay. Give it a few days.

_ SO STALLING IS SUPPOSED TO MAKE US FEEL REASSURED THAT EVERYTHING WILL BE OK AFTER THE WEEKEND????_


I will be back and forth answering questions on the forums.

_ YOUR STATEMENT IS HOLLOW. IF YOU REALLY CARE ABOUT YOUR CUSTOMERS, PLEASE START ANSWERING THE QUESTIONS I HAVE ASKED IN THIS POST PLEASE...._

Also the moderators have been helping getting people in contact with us. I know its a bad situation but it will all work out..

Scotty<HR></BLOCKQUOTE>

_ BAD SITUATION? HOW BAD?

HOW WILL IT WORK OUT?

WILL WE EVER RECEIVE DIRECT ANSWERS RATHER THAN YOU COMING HERE TO PACIFY US NOW AND SAY THAT EVERYTHING WILL BE OK WHEN IT IS NOT???!!!_

_IF IT APPEARS I AM ANGRY, IT IS BECAUSE I TOOK YOUR WORD TO BE GOLD, WHEN I VISITED YOU MONTHS AGO WITH KRACKMAN.

I DID WRITE AN ARTICLE THAT CAME DIRECTLY FROM MY HEART, JUST LIKE THIS POST DOES NOW.

I THOUGHT YOU GUYS WOULD REPRESENT EVERYTHING GOOD THAT COULD HAPPEN IN THIS INDUSTRY, WHEN IN REALITY, IF YOU GO UNDER, THIS WILL GO DOWN AS THE SECOND BIGGEST FAILURE IN OFFSHORE SPORTS BETTING, SECOND ONLY TO THE COLLAPSE OF ACES GOLD/SPORTSMARKET!!!_

THE SHRINK<HR></BLOCKQUOTE>

Shrink, you're right, there's not a lot of substance in Scotty's post(s).
 

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Okay here goes.
BAD SITUATION? HOW BAD? Well Shrink I think any delay in paying out customers is bad. I dont agree with whats going on. But I know whats at stake here and its to valuable to lose. I have met with the partners. We told people there was an issue to give it a few days. You guys dont know me but those that do know that I am still here. If I didnt believe the situation was gonna work out I would have said so and moved on. I didnt spend a lifetime in this business to let it go down the drain because of some bad judgements by some investors.Our reputation will be tarnished from this but we will deal with that.I am friends with alot of you so most know me as a straight shooter. And I am in constant contact with alot of you. I will report whats going on all the time.

HOW WILL IT WORK OUT? . I have met with the partners and they have told me they are getting a group out and the larger investors are gonna put up the cash.

WILL WE EVER RECEIVE DIRECT ANSWERS RATHER THAN YOU COMING HERE TO PACIFY US NOW AND SAY THAT EVERYTHING WILL BE OK WHEN IT IS NOT???!!!
I have no other way to communicate other than this to most. They can contact me at home or the office. I have been in contact with you many times. I am not trying to pacify anyone. I have said i dont agree with whats going on. But I feel it will be corrected.I only tell people it will be okay because I feel it will be okay. Or like I said earlier I would have moved on and told everyone so.
IF IT APPEARS I AM ANGRY, IT IS BECAUSE I TOOK YOUR WORD TO BE GOLD, WHEN I VISITED YOU MONTHS AGO WITH KRACKMAN.Shrink you showed up the week after i showed up. We didnt even have offices yet. I also met the same people you did. With emotions aside take a second to listen to what I have told you about the situation. You know me. You talk to me everyday on the phone.

I DID WRITE AN ARTICLE THAT CAME DIRECTLY FROM MY HEART, JUST LIKE THIS POST DOES NOW.

I THOUGHT YOU GUYS WOULD REPRESENT EVERYTHING GOOD THAT COULD HAPPEN IN THIS INDUSTRY, WHEN IN REALITY, IF YOU GO UNDER, THIS WILL GO DOWN AS THE SECOND BIGGEST FAILURE IN OFFSHORE SPORTS BETTING, SECOND ONLY TO THE COLLAPSE OF ACES GOLD/SPORTSMARKET!!! I would agree this would be a big failure. But its not gonna happen. There is more money going out today. They are sending it out as fast as they are getting it in.

THE SHRINK
 

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panam
are you doing sportsbook transfers w/ anyone?
would any books do a sportsbook tranfer w/ you now?
 

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