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How in the world
do player post ups come under the heading of "creditors"?
Post up money, not lost, is the player's money - plain and simple. These should be paid first, before anybody else.
Jay - pierce the corporate veil - nice legal theory and from the facts in this case - a slam dunk via commingling of funds.
These offshore joints are droping like flies, as is the natural effect of competition. I hate to see people with good intentions go south, but I don't think it's avoidable.
Under capitalized books are a gamble and without a huge bankroll they amount to nothing more than a ponzi scheme.
Eddie - I wish you well.
do player post ups come under the heading of "creditors"?
Post up money, not lost, is the player's money - plain and simple. These should be paid first, before anybody else.
Jay - pierce the corporate veil - nice legal theory and from the facts in this case - a slam dunk via commingling of funds.
These offshore joints are droping like flies, as is the natural effect of competition. I hate to see people with good intentions go south, but I don't think it's avoidable.
Under capitalized books are a gamble and without a huge bankroll they amount to nothing more than a ponzi scheme.
Eddie - I wish you well.
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