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  1. #21
    arturshadow is offline Non-sponsor Affiliate Program
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    Hello everybody. At the beginning I would like to say sorry for not replying, but I had to know first what we're going to do. I confirm we had a big winners and it crashed our cash flow. We had to start the procedure to get new funds from our shareholders and it took longer, than we expected. I can assure you, that our shareholders are not going to let us sink. We're finally back on track. We've paid first overdue invoices already and we'll keep on going to clear the balance. We're almost 3 years on the market and we're not hiding in the Shadows We were just unlucky. If any of you have any open issues, please contact me directly and I will try to take care of it.

  2. #22
    FictionNet is offline Private Member
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    Quote Originally Posted by arturshadow View Post
    We're almost 3 years on the market and we're not hiding in the Shadows
    And yet a few (how many?) winners stopped your business in its tracks. Doesn't sound like enough funds were put aside in those three years.

  3. #23
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    It seems shady enough, even with that explanation given. So you are telling us that you did not have in mind in the beginning, when starting such business these days will come?
    The reason and situation , I think is a bit different and you want just to loose the strains and nerves of affiliates, who have not been paid.
    With you explanation, Artur if bunch of good players come and kick you exposures down in a week or two , then the whole brand will close.

    Pls, we are here serious and intelligent people.

    All we saw and we are seeing how brands close , but at least pay the last commission they owe. Everyone read here the betrally closure, not for India.
    Seven times fall, eight times stand.

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  5. #24
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    Hey! We have received the payment from Shadowbet Affiliates. Better late than never

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  7. #25
    arturshadow is offline Non-sponsor Affiliate Program
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    Quote Originally Posted by drifter8 View Post
    So you are telling us that you did not have in mind in the beginning, when starting such business these days will come?
    I'm telling, that we have investors behind which are ready to raise capital if needed. We had in mind, that we can have big winners, that's why we got new funds as our shareholders are aware of it.

  8. #26
    arturshadow is offline Non-sponsor Affiliate Program
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    Quote Originally Posted by FictionNet View Post
    Doesn't sound like enough funds were put aside in those three years.
    I think it's normal bankroll management. You don't keep a lot of money on bank account "just in case". You invest it and manage actively.

  9. #27
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    Quote Originally Posted by arturshadow View Post
    I'm telling, that we have investors behind which are ready to raise capital if needed. We had in mind, that we can have big winners, that's why we got new funds as our shareholders are aware of it.

    Well, they weren't ready. Otherwise they would have put the money before the moment that invoices remained unpaid for months. Also, just not replying, is not very professional.

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  11. #28
    FictionNet is offline Private Member
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    Quote Originally Posted by arturshadow View Post
    I think it's normal bankroll management. You don't keep a lot of money on bank account "just in case". You invest it and manage actively.
    You clearly don't understand normal management if you think anything about how you're running this casino is 'normal'.

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  13. #29
    FictionNet is offline Private Member
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    Quote Originally Posted by arturshadow View Post
    You don't keep a lot of money on bank account "just in case".
    I think your players would hope differently.

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    Quote Originally Posted by FictionNet View Post
    I think your players would hope differently.
    \

    Agreed...

    Clearly he has no idea about the business, much less operating a casino/aff program with ethics. A legit casino keeps money to pay their winners in a separate account, which, if I remember correctly, is a bonded-account.

    I'm guessing this is yet another poor-man's, white label, cr#phole.

  16. #31
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    Quote Originally Posted by arturshadow View Post
    I think it's normal bankroll management. You don't keep a lot of money on bank account "just in case". You invest it and manage actively.
    This is totally insane sentence. If you do not keep money in a separate account for payments to big players and affiliates, if you start a gambling businea and BIG, HIGH RoLlers smash you down in couple of weeks , what whould you have been done?

    "Just in case " is not just to pay from time to time to someone.

    This is the reason I love this forum, most of the people show off theirs masks and the masks of crook programs around
    Seven times fall, eight times stand.

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  18. #32
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    And the payment are late - again.
    And no answer at all...

    Regards

  19. #33
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    Quote Originally Posted by Progger View Post
    And the payment are late - again.
    And no answer at all...

    Regards
    Nothing is new under the sun...

  20. #34
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    Maybe they will never show-up again. Another company is created and affiliates will not receive a penny.

    Sad but true .....
    Seven times fall, eight times stand.

  21. #35
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    They still haven't paid me my commission. Have mailed with Arthur, sent invoices, the lot.

    Still, their casino keeps bombarding me to come play with them (I also have a player account, not through my links, of course).

    Do not trust these guys with even one click, they will not pay you.

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  23. #36
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    Quote Originally Posted by wolfie View Post
    They still haven't paid me my commission. Have mailed with Arthur, sent invoices, the lot.

    Still, their casino keeps bombarding me to come play with them (I also have a player account, not through my links, of course).

    Do not trust these guys with even one click, they will not pay you.
    It's a shame...

  24. #37
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  25. #38
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    Quote Originally Posted by wolfie View Post
    They still haven't paid me my commission. Have mailed with Arthur, sent invoices, the lot.

    Still, their casino keeps bombarding me to come play with them (I also have a player account, not through my links, of course).

    Do not trust these guys with even one click, they will not pay you.
    We got an excuse in April that there is a takeover from a new investor or something like that and this should be the course of delayed payments...

  26. #39
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    Quote Originally Posted by freakspin View Post
    We got an excuse in April that there is a takeover from a new investor or something like that and this should be the course of delayed payments...
    That's a shame..

  27. #40
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    I had not seen this post. I was accepting to their network this week.... I think its safe to say I will be swerving these guys now!

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