blonde Board Meeting

[tikay]

Well, not so much a Board Meeting, as a Management Meeting, but Flushy, Tighty, Kev & I all met at a London Hotel to discuss blonde stuff.

I don't have the Agenda to hand, no doubt their recall will be better than mine, & they will comment later, but below are a few of the things we discussed.

Some of the stuff is, by it's very nature, off the record, but happy to take questions.

More.....

[tikay]

Starting next Monday, &, depending on popularity, every Monday evening thereafter, (& maybe a few other nights), there is going to be a "Bust Flushy" night.

Kev will think up a sexy title for that, but basically, Flushy will sit on all four blonde Private Tables, (3 x NLH & 1 x Omaha), & chat & play some poker with anyone who fancies it.

I do the same thing on Sky Poker, & it works well - very well - over there, but I have a different profile over there, & it's a different market, so I saw no point in me getting involved in this.

However, the other three thought I had some use (though they never said what - perhaps as a donator?), so I'll be playing, too.

So that's agreed, every Monday evening, on blonde, starting next Monday. Sensible stakes, too.

There you go, by invitation  - Bust Flushy.

[tikay]

Cardroom.

Well I can only say so much - but it's going well, very well - sort of.

Gross Rake & Casino Activity are both improving nicely, month on month, & now generate enough at the Gross Level to run blonde. Neat.

Except......

There are some "fraud issues", & have been for a few months now.

I can't really give too much info away, but the fraud issues have drained away over 90% of our Nett Take for some 3 months now.

Ugh.

We have put the necessary obstacles in place to prevent it re-occurring, but the goalposts keep moving.

The inherent problem is that we in blonde do not control who Deposits - they deposit "direct" to the Cage. Or did. From now on, Kev will personally approve every single Deposit, & that way, we know who we are dealing with.

If a player in, say, Latvia, or Papau New Guinea makes a Deposit on blonde, you'd think the nice peeps at Aqua might suss something is not quite right, but there you go. They took the Deposits, but we carried the  liability.

No more - from here on in, we will vet the Deposits.

If that causes delay in Deposits, we apologise, but I'm sure you understand.

[titaniumbean]

Absolutely and completely understand. That's disgusting to hear. Keep up ze good work, may have to sign up and donate lol!

[Horneris]

sigh, was hoping this was another of Byron's inspired video film thingys.

Bust Flushy sounds a comedy idea. I hope he does his net.

[tikay]

Cardroom.

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined! And that Fine is Network-wide - all Aqua Clients have to share the Fine Burden, pro-rata, even if a specific Room does not exceed the Ratio. So if we exceed the Limit, we get Fined - & so do our "sister" Rooms.

All very bizarre, really.

We are on the case, & trying to find workarounds.

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October - & we are delighted that is so, of course we are! - but we will, as things stand, face a few Fines.

How wrong is that? But it is what it is, & it's i-Poker wide.

The Terrible Three, plus me, are on the case - there are ways to mitigate it, we think, & we will.

A bloody ballache, though.

[ChipRich]

sigh, was hoping this was another of Byron's inspired video film thingys.

Bust Flushy sounds a comedy idea. I hope he does his net.

LOL, hes already done that on Middy.

[Karabiner]

Cardroom.

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined! And that Fine is Network-wide - all Aqua Clients have to share the Fine Burden, pro-rata, even if a specific Room does not exceed the Ratio. So if we exceed the Limit, we get Fined - & so do our "sister" Rooms.

All very bizarre, really.

We are on the case, & trying to find workarounds.

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October - & we are delighted that is so, of course we are! - but we will, as things stand, face a few Fines.

How wrong is that? But it is what it is, & it's i-Poker wide.

The Terrible Three, plus me, are on the case - there are ways to mitigate it, we think, & we will.

A bloody ballache, though.

That would appear to be so short-sighted that it surely must be a mistake.

Winning players generate the most rake so why would they only want losers who go busto

[Ironside]

Cardroom.

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined! And that Fine is Network-wide - all Aqua Clients have to share the Fine Burden, pro-rata, even if a specific Room does not exceed the Ratio. So if we exceed the Limit, we get Fined - & so do our "sister" Rooms.

All very bizarre, really.

We are on the case, & trying to find workarounds.

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October - & we are delighted that is so, of course we are! - but we will, as things stand, face a few Fines.

How wrong is that? But it is what it is, & it's i-Poker wide.

The Terrible Three, plus me, are on the case - there are ways to mitigate it, we think, & we will.

A bloody ballache, though.

anyone looking to withdraw funds this month PM me and i will swap with them on full tilt they can withdraw from there and save a little of the fine

only looking for a few hundred

[The Baron]

Cardroom.

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined! And that Fine is Network-wide - all Aqua Clients have to share the Fine Burden, pro-rata, even if a specific Room does not exceed the Ratio. So if we exceed the Limit, we get Fined - & so do our "sister" Rooms.

All very bizarre, really.

We are on the case, & trying to find workarounds.

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October - & we are delighted that is so, of course we are! - but we will, as things stand, face a few Fines.

How wrong is that? But it is what it is, & it's i-Poker wide.

The Terrible Three, plus me, are on the case - there are ways to mitigate it, we think, & we will.

A bloody ballache, though.

That would appear to be so short-sighted that it surely must be a mistake.

Winning players generate the most rake so why would they only want losers who go busto

Unfortunately not a mistake.

The bigger skins on the network got annoyed with certain smaller rooms not spending anything on a marketing budget in an attempt to get new money onto the network, but their large winning players still reducing the liquidity of the network by the vast amounts they win. It's also seen as a way to cut down on skins undercutting each other through rakeback deals.

A few skins were booted for it but it's deemed to still be necessary to continue with this ridiculous policy.

[titaniumbean]

That's the most ridiculous disgrace i've ever heard. wtf. just wtf.

is someone going to have to put like 6 figures on so money could be brought off for no fines ? ?

If you do no ins or outs are you still liable to fines that the other ipoker skins incur? did I read that bit right?

[tikay]

You read it right guys - that's how it is.

We've decided to swallow it for now, rather than try to jiggle deposits & withdrawals, as we usually do, we will just take the hit in one go, & move on.

Did you ever hear anything quite so daft?

[Horneris]

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined!

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October

Click to see full-size image.

[ChipRich]

It's no longer a secret that i-Poker have this most extraordinarry policy.

In brief, witrhdrawals must not exceed Deposits, give or take 1% I think, in any given month.

Actually, they can - & often do - but when they do, we get Fined!

We expect our Withdrawals to exceed our Deposits by a 6 figure sum in October

Click to see full-size image.

hahaha awesome.

We have to stop them.

[TightEnd]

Hello. I am the only person on blonde who gets upset when one of you has a big win on blonde Poker's card-room.

F M L