Replies to post #115483 on Seaniemac International Ltd (fka BETS)

[Paulie Pennies]

Zero reward!! They NEVER said they would buy back shares. The problem is everyone that has ever traded OTC knows this is heading for a Reverse Split. Why would anyone risk hard earned money when reverse split would wipe them out.

I will wait for a link saying they will buy back shares.

[Carl10]

Also no R/S

[dazytek12]

TEAM BETS Plan being implemented!!!! Let's review what TEAM BETS said they would do:

1. Implement new platform with better features and margins - DONE

2. Close LOC for operations including big VIP punters - DONE

3. Retire convertible notes and big surprise here is that LOC allows 20% of draw-down for note retirement - IN PROCESS

4. Buy back cheap shares - Maybe already happening????

Let's not forget that BETS does NOT have to report when they are buying back shares and many of us have noticed large block purchases over last few weeks. Plus the LOC being used to retire notes frees up gross profit which can be used to buy shares back while they are still dirt cheap.

And the big part of LOC was to use their VIP strategy that worked in tests last June. If gross for first 2 weeks of December was 300K, then we are looking at turnover revenue in the $4-6 million range per month IMO. We get that up even higher with LOC funds and Kaboooom baby.

So imagine in 2-4 months what the price is IF revenue up big....notes retired and 1-2 billion shares bought back? Anybody think the risk is worth the reward!!!???


5. 1 for 100 reverse stock split