BET PAN AM IS REMOVED FROM THIS SITE...

[THE SHRINK]

Due to the fact that a number of gamblers are currently being slow paid, we have no other choice but to remove BET PAN AM from this site...

I have spoken with BET PAN AM'S Chief of Operations, Bill, who answered some rather difficult questions very candidly...

The bottom line is that it is unclear at this time as to WHO will cough up the current debt that has been accrued by them...

Bill was very optimistic that someone (either one of the current shareholders or another entity) would act SOONER rather than later, but until they do, we have an obligation to remove BET PAN AM from this site until EVERY gambler is paid IN FULL....

We expect this sports book to pay off ALL of its debts within two weeks, and when that is done, we will be happy to place them back on our site...

THE SHRINK

 

[Journeyman]

 

[TheGeneral+]

Tough decision here.

I sincerely hope this all works out and I have faith that it will.

 

[red007]

what good does removing them from this site now do?

 

[lander]

Panam -->

<-- RXers

 

[TheGeneral+]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by red007:
what good does removing them from this site now do?

<HR></BLOCKQUOTE>

It will prevent any further referrals fron The Rx.com. You cannot repair the past easily, but one can takes steps to improve the future.

 

[THE SHRINK]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by red007:
what good does removing them from this site now do?

<HR></BLOCKQUOTE>

There are gamblers who read either the home page, the forums, or both. By taking them down, it prevents other gamblers from sending money to this sports book...

THE SHRINK

 

[red007]

i need other gamblers to send them money so i can get paid

 

[Redneckman]

Could we get a summary of what he said in your conversation. I think that's the least you could do since many of us trusted your hyping of them and sent them money. I currently have a balance of over 5k with them, as undoubtedly many other posters do.

 

[red007]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Redneckman:
Could we get a summary of what he said in your conversation. I think that's the least you could do since many of us trusted your hyping of them and sent them money. I currently have a balance of over 5k with them, as undoubtedly many other posters do.<HR></BLOCKQUOTE>

i agree

 

[dogball]

Brave move Ken
WHen you and krackman visited there only months ago they were going to be the next big thing I think you said, or a top 10 book within one year.

I am sure this will work out, and does the fact that they are licensed have anything to do with there eventual success or demise ??

Either way, i think the new approach of caution with these matters is prudent and you are to be applauded for your efforts now. This cannot be easy for you but lets hope it plays out fine as I am sure it will.

 

[Journeyman]

well said Dog...

 

[truthteller]

You guys don't need to worry. Remember the amount of $$$$ Betpanam had to put in reserve with the Panamanian government. So you should get it all back if they went down. Right?

 

[dogball]

Thanks journey
Hope all is well with you
ALso hope my comments are taken seriously as they are intended that way, it is tough for a public person to undermine there opinion like ken is being forced to do now but it is better than riding out a POSSIBLE shit storm

 

[areeff]

Glad you could do the right thing.

 

[red007]

all this does now is cause a larger run on the bank. brilliant

 

[theswami]

Nice job Ken...I had more than my fair share to say during the Royal situation and want to make sure you understand I appreciate the approach you took here.

 

[MudSlideSlim]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by red007:
all this does now is cause a larger run on the bank. brilliant

<HR></BLOCKQUOTE>

panam is history. IMHO

 

[THE SHRINK]

First of all, I feel AWFUL because I was so OPTIMISTIC about this sports book when I went down there to visit them...

But as many of you know, so many things can change in this industry within six months...

Furthermore, it is my SINCERE belief that this sports book will recover from these difficult times...

Many of the people behind BET PAN AM are MY FRIENDS!!!

I acted in GOOD faith when I endorsed them, and I am acting in GOOD faith now by removing them off this site until all gamblers are paid IN FULL...

THE SHRINK

 

[Dante]

I hope there ship gets turned around and betpanam can get back on track...but it amazes me that we all try the new books at times and when all is said and done, the rock solid old time books still keep humming along like pinny/oly and others