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Old 15th September 2007, 09:14 AM
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Just updating myself on Hippo Jo by reading through this thread, it unfortunately has all the hallmarks of owners running low on cash and for some reason not being prepared or capable of providing further operational funds to management.

These non-payment excuses are typical examples of a management trying to hold the fort until more cash arrives that we have seen in other issues just before a casino collapses....or more rarely takes on a new lease of life.

I genuinely hope this is not the case (the crash, that is!), but it has proved impossible to get at the facts because the experienced and hitherto honest and reliable Australian managers looking after business for the owners have uncharacteristically stopped responding to email communications.

That's a bad sign, I regret to say.

If the support and accounting people are still sending out "holding" style messages, then there's perhaps a hope on management's part that the owners are providing more funding and that cash is on the way, so all hope has not yet been lost, although I can truly appreciate the frustrations of unpaid players here.

Hopefully at least one of the managers will be in Barcelona for EiG and that will provide us with an opportunity to tackle them face to face on WTF is going on here.
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