Odds of Party collapsing on Saturday?

[PairTheBoard]

I have the impression from someplace that they said that there was no problem with their credit line. It got renegotiated or reestablished or something. If so, I guess they can pay their U.S. accounts and go forward with liquidity based on credit.

But what this looks like is that instead of holding Player Monies in a segregated account and in Trust for the players, they used it as excess cash to buy up Empire Poker so that Player Monies are backed up by "Intangible Assets". If that's the case then it really stinks imo. It really wouldn't be any different in principle than the infamous Dutch Boyd scandal.

Why didn't Party talk to Barron's about their cash position? Doesn't PartyGaming have a Stockholders Representative to answer such questions? Is Party protecting its Stockholders by letting this article by Barron's go unchallenged? Barron's may be biased on the bearish side but it is a well respected Financial Publication and capable of moving markets at times.

I think PartyGaming needs to come out with a statement on this before the Market opens in the morning. If they fail to clarify their cash position and let the Barron's article stand I think we will see Party Stock take a hit in the morning.

PairTheBoard