Odds of Party collapsing on Saturday?

[Colonel Kataffy]

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80% of their customers will NOT be pulling out every cent. Just the paniced losers.

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Why would an American leave their money at Party if they were no longer able to play there?





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A butt load of that 80 percent probably has no idea whats going on.

[WhatDoesCallMean]

of course another possibility is that they offer a low % reload to non-americans on thursday/friday so they build up their cash on hand before the inevitable cash outs.

even if they dont, they still wont go belly up tho.

[StarRain]

I would accept the 10% offer from you if I was your friend. I think it would be a fair deal for both parties. Even though I think PP will likely give your money back without any problems, however, no one could predict that if any accidents would happen or not next week. 10% will be about the right price on this matter IMO

[Sponger.]

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of course another possibility is that they offer a low % reload to non-americans on thursday/friday so they build up their cash on hand before the inevitable cash outs.

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5% reload up to a $1000 bonus!

[kailua]

It might be that a significant number of non-americans also trim their br waiting to see how it plays out.

[tinhat]

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I think Party pays you out 100%, so I would invest 0% (0$) as an insurance.

Come on it's a big company until Oct. 14th

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[Fat City]

True Party's losing around 75% of their base...But in a few weeks it will be more like 95% of their base...That's because all the action will be on other sites..All the big tounaments..All the loose American's...Everybody will follow the USAers to the other sites and Party will be very small..and don't think PP hasnt already figured this out...You're nuts to leave any money in Party..Even the rest of the world should cash out..It could be a total collapse..

[PairTheBoard]

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For according to the company's June 30, 2006, balance sheet, PartyGaming owes its clients $192.6 million in liabilities and prize pools, while having only $132.9 million in cash and cash equivalents to meet that obligation. And those cash holdings are likely to have fallen sharply, because of $130.5 million of cash spent on an acquisition in August.

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This really is kind of puzzling to me. Does anybody here have access to PartyGaming's Financial statements? If Party really has Player money in a segregated account then it should show up on the balance sheet and Barron's statement should prove to be bogus. But then what's up with Barron's? Are they unable to read a balance sheet? Are they deliberately not mentioning the Special segregated account? ie. Are they either incompetent or liars?

There is really no reason why we can't read the Party Financials for ourselves. Surely somebody around here is a Party Stockholder and has a copy.

PairTheBoard

[Jamougha]

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10k left in my Party account, just enough to get by until the 13th

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I rly want to know your sn... :drools:

[centgas]

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It might be that a significant number of non-americans also trim their br waiting to see how it plays out.

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I'm (UK) going to do this as soon as Americans are cut off, and play somewhere else until the situation is more clear. Too many non-Americans doing this could spell trouble, they need to keep player numbers as high as possible.

Could this also explain why they are still collecting for the Monster even though its being cancelled?