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Crystal Palace IPO

Discussion in 'Online Casinos' started by thelawnet, Oct 4, 2005.

Thread Status:
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    Oct 4, 2005
  1. thelawnet

    thelawnet Dormant account

    Occupation:
    programmer
    Location:
    UK
  2. Oct 4, 2005
  3. Bruce Hamilton

    Bruce Hamilton Dormant account

    Occupation:
    What's a job?
    Location:
    USA
    Anyone who reads this forum wouldn't be stupid enough to give him any. :p
     
  4. Oct 5, 2005
  5. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld
    I don't have any words how this could occur.

    Will I see a day when I read an article Mesiter's Evil Operator is actually full
    of enlisted companies??:lolup:
     
  6. Oct 5, 2005
  7. eek

    eek Dormant account

    The due diligence and prospectus for the Public Offer by Seymour Pierce on one of the biggest and best known rogues in the business should make for some interesting reading.

    :D :D


    AIM is the Alternative Investment Market.

    Alternative indeed...:eek2:
     
  8. Oct 5, 2005
  9. eek

    eek Dormant account

    And here in the red corner, is the research team responsible for finding out if Mr Warren Cloud is worthy of an IPO :D

    You must register/login in order to see the link.

    Little do they know that their reputation for competency rests on whether or not they give the nod for this one.

    Especially since a google search by a twelve year old will reveal what they are dealing with. :D :D :D
     
  10. Oct 5, 2005
  11. eek

    eek Dormant account

    Lots of nice business lunches and meetings in nice boardrooms. :)
    Handshakes all round with sharp suits and gleaming smiles.

    But are any of them sharp enough to put "warren cloud" into google :D

    Extreme/Heat/Ruby Dragon were Warrens old stomping ground too...
     
  12. Oct 5, 2005
  13. Chatmaster

    Chatmaster Dormant account

    Occupation:
    Online Marketing Specialist
    Location:
    South Africa
    Mmmmmm

    That is one Customer Relations Manager that clearly has NO understanding of the importance of a watchdog site like Casinomeister. Probable under the impression that they don't have to report to anyone... Damn the school of life is terribly expensive, or doesn't it matter anymore?
     
  14. Oct 9, 2005
  15. caruso

    caruso Banned User - repetitive violations of <a href="ht

    Occupation:
    Casino apologist
    Location:
    England
    When I am done, they're going to be a whole lot more sceptical.

    This is an all-time joke. Due diligence? Corporate fitness? Or do they just look at the balance sheet, see a figure with twenty zeros after it and go ahead on that basis?

    Would the UK A.I.M. have run with alcapone.com?

    What is the legal situation regarding flotations of companies that use deception and duplicity to get their customers' wallets open?
     
  16. Oct 10, 2005
  17. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Only $$$$$ matters

    The city is only interested in dividends and growth. The UK stockmarket is full of companies that have ripped off customers, but as long as the divis flow & the shares go up the suits don't give a pair of jacks in an RTG casino how the money gets made.

    Tell lies in the IPO prospectus though, and the FSA will have your Knackers on toast for breakfast!! (Along with those of Seymore Pierce).

    The way to shaft Mr Cloud is to find an irregularity in the profit forecasts, such as describing as "exceptional items" the confiscated winnings of players as being a contribution to forecast profits. The easiest way of catching him out would to be to look at payout % reports, along with turnover and operating profits and overheads. Any attempt to hide confiscated winnings, yet have them count in the published % payout for the casino will notice to the dilligent accountant or investor. Might need to be a damn good one though, companies can be really creative with the balance sheet, and AIM is more lightly regulated than the full market.
    A UK listing will allow the company to be challenged in the UK courts over behaviour, although the courts do not recognise gambling winnings as a debt, confiscation of a deposit would not go down well - and if the reason given was "player fraud", Mr Cloud might end up in the courts for Libel and/or Slander (pity no legal aid is allowed).

    The only thing I might consider doing in this IPO is to short sell on one of the online spread betting sites - take a position long enough. You need to know the distance to the fan, and the speed the sh!t is travelling at.
    I have seen nothing on this on Hemscott, or even the less robust tip sheets. Even the share spammers are keeping clear of this one!
     
  18. Oct 10, 2005
  19. thelawnet

    thelawnet Dormant account

    Occupation:
    programmer
    Location:
    UK
    Well all of their email addresses are there. You could certainly given them a hand with their research.
     
  20. Oct 10, 2005
  21. caruso

    caruso Banned User - repetitive violations of <a href="ht

    Occupation:
    Casino apologist
    Location:
    England
    The ante has been upped BIG time - I just checked out some promos I got from American Grand last weekend:

    The biggest I'd seen before was about $9600. Now, he's doing $45,000 offers.

    It certainly won't harm the balance sheet if he gets enough of these, particularly since any wins can be confiscated at will with a simple lock on one of the customers' other accounts.
     
  22. Oct 10, 2005
  23. Bruce Hamilton

    Bruce Hamilton Dormant account

    Occupation:
    What's a job?
    Location:
    USA
    Why'd you x out the coupon codes? Someone here might want to deposit 15K! :lolup:
     
  24. Oct 10, 2005
  25. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Ramping?

    I suspect this might be an effort to manipulate the balance sheet ahead of the IPO. All these large deposits will appear as cash in hand, and will flatter cashflow. If he can then have "technical difficulties" with cashins till the end of the company financial year then the first set of formal annual reports will look brilliant.

    I see no sign of Crystal Gaming listed on the Seymoure Pierce website though, but this broker/advisor specialises in bringing small companies onto AIM and OFEX markets. Perhaps there is still a chance for this IPO to be killed off before the suits in the city get their fingers burned as well as players.

    I wonder what the researchers for the prospectus will think of 300% free up to 45 grand though, they will assume honesty:lolup: and will think this offer will bring the company to ruin:confused:
     
  26. Oct 10, 2005
  27. eek

    eek Dormant account

    This is hilarious :lolup:

    It's like watching a train wreck...:D
     
  28. Oct 10, 2005
  29. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    I'll consider depositing for this if offered

    :D

    Someday 12 Never:
    Bonus A) 150% FREE up to $22,500 (Coupon Code: XXXXX)
    Bonus B) 300% FREE up to $250,000(Coupon Code: XXXXX)
    Bonus C) 1000% FREE up to 50% of Crystal Gaming (Coupon Code: XXXXX)
    Bonus D) Warren Cloud's Head on a Silver Platter (Coupon Code: XXXXX)

    WR 10x plus hand over your soul to Oliver Curran
    Players who withdraw before completing WR are idiots, but they can have their deposits back in full.
    Any player who misuses this promotion by actually winning too much will have their winnings paid in Crystal Gaming Shares.


    Apologies for not taking this IPO with the seriousness deserved for the flotation of a fine, upstanding new UK company coming to market:D
     
  30. Oct 10, 2005
  31. caruso

    caruso Banned User - repetitive violations of <a href="ht

    Occupation:
    Casino apologist
    Location:
    England
    I didn't want anyone else getting in on the gravy train. That's $135,000 in freebies all for me - ya' think I'm about to reveal all and let a bunch of Casinomeister bonus rats get in on it????

    No, check that: it's three days' worth. So make it $405,000 all told.

    Check that again: there are four codes per day, so add on $22,500 * 9 = $202,500, giving a grand total of $607,500 in bonuses for the lucky email recipients, who can now all retire.

    I agree it's hilarious - I've never seen so many bonus codes for such enormous amounts. To put it in perspective: if just THREE players took up these emails for all they're worth, they would receive as much in nominal "bonuses" as CON paid out for 007.

    The difference being that CON actually PAID, of course. Kinda big difference. And also, the fact that to receive every bonus in that email, including the final "super bonuses", the player would have to lose a grand total of $225,000, since each subsequent code requires a zero balance:

    :):):)

    And lest ye forget, this was also on at Vegas Frontier - so double everything: $1,215,000 in bonuses, requiring losses of $450,000. Yes, that's near enough a cool half million.

    At this point in time, that $20,000,000 annual profit figure is starting to make a little more sense.


    Dunno, but it won't hurt to ask. I'd bet a lot they know squat about the casino scene, less still bonuses and the purpose thereof.
     
  32. Oct 10, 2005
  33. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Ah But

    Let us not forget that the normal industry purpose for issuing bonuses does not apply in Mr Cloud's case. Reputable casinos factor in the fact that players will win as well as lose on the bonus. Mr Cloud simply adds up the total net deposits that the bonus attracts, as this is equal to his profit before expenses:D
     
  34. Oct 11, 2005
  35. thelawnet

    thelawnet Dormant account

    Occupation:
    programmer
    Location:
    UK
    So are you actually banned there?
     
  36. Oct 11, 2005
  37. caruso

    caruso Banned User - repetitive violations of <a href="ht

    Occupation:
    Casino apologist
    Location:
    England
    No, but that's the point: you don't get emails from casinos you're barred at (Crystal Palace, in my case) since that would serve no purpose as you couldn't then deposit. The emails come to the open accounts. But the promos are invalid because of that one locked account elsewhere, so the moment you deposit, you're locked into the no-win situation.

    FTR, Monday to Thursday deals are now on. This is tinpot shit in comparison to the weekend bonanza - only $900,000 of bonuses :) across the two casinos I got them for. No question these offers have been radically ramped up in the last week, and it's a totally childishly simple conclusion that this isn't a remarkable coincidence, but linked to the float.

    And in case anyone's missed the point: this isn't about the Mount Everest of complaints we've seen over time and the obnoxious public stance of Cloud - all that's now got harder to provide evidence for after the removal of useful threads and articles. Neither is it about his Rated Player / Extreme history. My point is that the above is a con-trick: customers are being specifically targeted with promo emails for which they can never cash out a win because of the "locked account" clause. Yet the email invites to invalid accounts keep a-comin', for the purpose of entrapping players into those non-winnings-generatable deposits. And as we can see from the above two emails, those deposits are potentially enormous.
     
  38. Oct 11, 2005
  39. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld
    I am now full throttled to do short sell Crystal Palace as instantly
    as they are on the stock chart.

    It is my strong obligation as a banned player.

    :D
     
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