Odds of Party collapsing on Saturday?
I had a little over 10k left in my Party account, just enough to get by until the 13th. After reading the Barron's article though, the idea of thousands of US customers cashing out in a panic suddenly, coupled with a poorly run company with relatively little forward vision got me nervous. I decided it was time to cash out.
Unfortunately, I planned on playing the final week and making what I could, but can't really swallow the idea of losing 10k right now. Fortunately, I have a good friend who is also a poker player who would probably agree to offer me insurance on my money in case something happened and I never saw a dime.
So we talked about what would be a fair price. After a bit of discussion, I thought 10% would be a good starting point and he thought 20% was about right. After discussing it a bit, we decided it was more than I feel like paying for the opportunity to play a week on Party, so we chalked it up to one of those interesting conversations that we've had over the course of our lives, and that was that.
Despite not coming to an agreement, I'm still curious what 2+2ers would put the line at. What would your price be? Or put another way, what do you think the chance is of Party being forced to stiff people because of lack of funds on Saturday?
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