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  1. #1

    Default

    The fact this venture is going to online forums to raise capital in itself is alarming to me.In 2009 I paid 1 million USD for a network of casinos sites ,we took our company financial to a bank to raise the $400,000 we were short.I know many nice people who can't pay their bills ,one processor seizure and these guys are dust again.I am a numbers person and when you look at big picture I can't see why anyone would get involved with such a poorly funded project.

  2. #2
    Join Date
    Jun 2010
    Posts
    2,725

    Default

    I agree with Judy on this and I am a little surprised you even bothered to post it here Panam. Perhaps ask Judy to delete this post before it gets any more negative attention.

  3. #3
    Join Date
    May 2009
    Location
    elkhart
    Posts
    2,440

    Default

    i am surprised it is getting negative attention for whatever reason, as this is a serious venture, not some scam, with positive intentions that could very well be a great investment, you guys have known me forever now and know thats just not me. A joint entrepreneurial venture if anything i suppose, but if you guys want to take it down, no hard feeling at all. I am feeling alot of negative vibes i think for reasons i may not know or fully understand, and if so i am very sorry.

  4. #4
    Join Date
    Jun 2010
    Posts
    2,725

    Default

    You can't expect a venture to be taken seriously if they are publicly soliciting partners/players/investors on community forums. It looks desperate and even if they were to get off the ground down the road, threads like these will come back to haunt them.

    If anyone else had posted this I wouldn't have thought anything of it, but since it's from you (someone I respect) I am just a bit surprised.

  5. #5

    Default

    The bottom line is this industry requires deep pockets to survive ,poker rooms are a dime a dozen.I bought into a joint venture before for a 5% stake and because there was so many investors before long the guy who thought he was running the show found out all these little guys formed their own group and took it over.I cannot name the casino but right now an affiliate is SUING a VERY POPULAR casinos because he provided the front money and then his MINORITY partner locked him out.If the principles are so sure this will work they should go to their banks , put their homes up to get the cash .I bet they won't because they already know how risky the venture is .Besides I would have to keep my money to pay for NDN'S lawyer if he got into it ,don't think the laws would be on his side in this regard .

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