Nektan Going In To Administration

[loquax]

Not good news

https://calvinayre.com/2020/04/14/bu...r-cash-crunch/

[The Buzz]

As an addendum, here is an article from Yahoo on 2 April:

Easy Come, Easy Go: How Nektan Shareholders Torched 99% Of Their Cash

https://finance.yahoo.com/news/easy-...093356971.html

[mickyfu]

I must say, this has made my year. I sure hope this goes through.
https://egr.global/intel/news/nektan-to-appoint-administrators-as-trading-is-suspended/

[Malikbhai]

They screwed you?

[mickyfu]

They screwed you?

Yeah a few hundred k on a white label. Parasites like the rest. Hope their pathetic lying staff end up on the Rock n Roll.

[Malikbhai]

Effing ouch. A few hundred thousand. That's big and warrants a legal action.

[Malikbhai]

Not that they'll be able to pay; now that they're hitting the dumpster.

[mickyfu]

Effing ouch. A few hundred thousand. That's big and warrants a legal action.

I've heard worse stories about them. This was mostly marketing fees and ****, they still walked off witrh a very nice email database (their actual business model) - pull mugs, get them to promote, take database. I wouldn't really bother chasing them, I have better things to concentrate on. But very happy to see them go down the pan ( in some ways ) It is their partners I feel sorry for, a good few of who I know.

[Cash Bonus]

Sorry to hear about your misfortune, Micky. Even a few hundred dollars taken from you is still money. That's really disgusting. I suffered the same fate with Affactive when they were shut down a few years ago. I couldn't do anything about it and just had to take it on the chin and move on. I'm still doing okay without them and I've found some new casinos to promote instead.

[mickyfu]

Sorry to hear about your misfortune, Micky. Even a few hundred dollars taken from you is still money. That's really disgusting. I suffered the same fate with Affactive when they were shut down a few years ago. I couldn't do anything about it and just had to take it on the chin and move on. I'm still doing okay without them and I've found some new casinos to promote instead.

It was sort of an expensive learning curve. I wanted to move into the market to get away from all the scummy affiliate programs closing accounts. What I learnt is in this business you can't get away from the scum. Also had I spent the money on affiliate sites, I'd have been far better off.

[ocreditor]

It's not a surprise, the truth is NEKTAN are not such a great company and this is the result of the bad management which is running for a long time

[Madz]

It was sort of an expensive learning curve. I wanted to move into the market to get away from all the scummy affiliate programs closing accounts. What I learnt is in this business you can't get away from the scum. Also had I spent the money on affiliate sites, I'd have been far better off.

I have dealt with a few shady people over the years ( a long time before I got into this ) with more morals and ethics than the people who operate this gambling affiliate niche. I have also been robbed far more than I ever did back then and for a lot more money and I have not been able to do jack sh!t about it!

Its opened my eyes to who the real criminals actually are and just what they get away with. I genuinely look forward to meeting up with some of them one day, karma is a bitch and it always comes back to bite you on the a$$.

This is another reason why I avoid the conferences too many witnesses

[detor]

We've never worked very closely, we knew some team members, but wow..hardcore

[Pokerface]

Not good at all. Will be interesting to see the fallout of this and impact on programs.

Thanks for posting, was not aware.