Are there PicClub members out there?

[3mptyseat]

Anyone else a member at PIC Club, the PLayers Investment Club? I am, and I used them a lot to fund my doylesroom and pokerworld acct's in the past. Doyles Room left, and Pokerworld is the only thing I still use pic-club for. Some of you may remember the picclub.com having a payment issue with a few of the merge network sites... He said she said bla bla bla (I have no idea who screwed who and no reason to trust either side), and they ended up only serving the old IGS network sites that were now on merge like FeltStars, and BetonAmerica and a few of those other sportsbooks that offered bogus casino software, the poker client from merge, and some rigged blackjack. Oh yeah, pokerhost was the other exception, they kept on with picclub after they transfered with LOCK and a raft of DHLtd sites from the cake network to the aforementioned Merge Network... Weird and sketchy, but whatevs...

Anyway, as you may know, the system at this membership based e-wallet is that u buy available shares, 1 for $1, and are charged a fee of 5 percent or thereabouts. You can use a share to deposit with any of their merchant members. Then $1 of ur fee is added to ur common shares account.

So you are buying stock in the membership group with every deposit u make. And last year they showed a small profit...

But this year, they are acting funny. I have been having trouble logging in, and when I go to the live chat, they tell me to refresh the page, and then I can login.. But when I can't login and I refresh the page without talking to CSR #28, I still can't login. So friggin weird.

Anyway, December is the time when traditionally a shareholder can sell his/her common shares for a check, or for available shares to use for a deposit at one of the poker or bingo rooms on the site... But this year, after telling me for 11 months that I could opt out and sell in December, they are telling me their financial team has not yet finished computing the shares growth and whatnot.

My instincts are telling me this is a big river bluff, and something is amiss here... Not that it really matters, I mean, to run this analogy into the ground, I don't have a hand to play, and the pot is small. I guess I will just wait to see how it plays out...

Anyone else have any insight?

[peteyweestro]

I am also a member with them but after the Merge fiasco i really never used them much so i am sorry but i can't add anything meaningful to your question although i log in with no issues and have a whopping $9 in shares,lol

[MPLQCEO]

Dear XXXX,

PicClub is proud to award you with the 2010 yearly earnings of your Common Shares Account (CSA).
This year we award our members with 5.6% of the balance as of June 30th.
Your balance as of June 30th is: $xxx.xx, Your earnings are: $xxx.xx.
Total CSA interest earnings: $xx.xx
The earnings will be available to you from Dec. 19 to Dec. 31, 2009.
You have three options that you may choose from by submitting a special CSA support ticket request.
1. You may elect to leave all or part of the funds in your CSA and roll it over to next year as a great investment vehicle. Our four-year history has produced an average interest earned of 11.26%.

2. You may request the money to be moved to your Available Shares Account (ASA) and then move it to a poker or bingo room to play with.

3. You may request the money to be moved to your Available Shares Account (ASA) and then initiate a normal withdrawal request to have the funds sent to you.

REMEMBER YOU MUST LEAVE $1.00 IN YOUR CSA TO KEEP YOUR ACCOUNT OPEN AND MAINTAIN YOUR MEMBERSHIP STATUS.

For 4 years now PICCLUB has been servicing poker rooms and players. When online processors keep abandoning the US Market, PICCLUB continues to provide its services.

And we continue to reward our members with a yearly payout just for using the PICCLUB. I think its time you give a little bit of credit where credit is due.

Lets make year 5 even better.

PICCLUB CEO.

[3mptyseat]

Dear XXXX,

PicClub is proud to award you with the 2010 yearly earnings of your Common Shares Account (CSA).
This year we award our members with 5.6% of the balance as of June 30th.
Your balance as of June 30th is: $xxx.xx, Your earnings are: $xxx.xx.
Total CSA interest earnings: $xx.xx
The earnings will be available to you from Dec. 19 to Dec. 31, 2009.
You have three options that you may choose from by submitting a special CSA support ticket request.
1. You may elect to leave all or part of the funds in your CSA and roll it over to next year as a great investment vehicle. Our four-year history has produced an average interest earned of 11.26%.

2. You may request the money to be moved to your Available Shares Account (ASA) and then move it to a poker or bingo room to play with.

3. You may request the money to be moved to your Available Shares Account (ASA) and then initiate a normal withdrawal request to have the funds sent to you.

REMEMBER YOU MUST LEAVE $1.00 IN YOUR CSA TO KEEP YOUR ACCOUNT OPEN AND MAINTAIN YOUR MEMBERSHIP STATUS.

For 4 years now PICCLUB has been servicing poker rooms and players. When online processors keep abandoning the US Market, PICCLUB continues to provide its services.

And we continue to reward our members with a yearly payout just for using the PICCLUB. I think its time you give a little bit of credit where credit is due.

Lets make year 5 even better.

PICCLUB CEO.

Ok I give you credit. You guys said December all year, and you made it, with days to spare. For being late, I applaud you. For being enigmatic for the past 20 days, I salute you. And then for demanding a pat on the back after you finally did what u said you would, thank you. Oh, look, 5:20am, it's time for me to go close my account.

PS, If I wasn't a CM member how would I have gotten this, I have received no email>??

[PokingStars]

Weird. What about the other non-CM users?