[OCKO]

Here is their press release:
http://www.neteller-group.com/press/en/137.htm

The stock closed today at 63 pence:
http://www.londonstockexchange.com
ticker = NLR

Very good news for those with money in NETeller!

[DrunkenLullaby]

I'm not one of them but still I say...

[marc]

i'm shocked the stock is only down 64%. would have thought it would be down closer to 80% or 90%

[LGBoots]

Originally Posted by marc

i'm shocked the stock is only down 64%. would have thought it would be down closer to 80% or 90%

It did dip to 50p at one time. I thought it would have come back at 30p or so. Surprised it held up so well

Good news that it is back trading though

[bigboydan]

5 more days before they release everyones money.

[Doc JS]

Originally Posted by bigboydan

5 more days before they release everyones money.

BBD,
I hope you're right.

I don't have as much money tied up in neteller as a lot of guys, but it's my money and I'd like it back.

[marc]

The impression I get from neteller is that we shouldn't expect to get our money too quickly. They seem to keep emphasizing that they have hundreds of thousands of customers they need to pay. They earned over $3,000,000 in interest on our money from the time they froze it until now. They have a lot of incentive to take thier time with these payouts.

[LargeMouthBass]

Will Neteller ever come back to the American market?

[punchmaster]

Originally Posted by marc

The impression I get from neteller is that we shouldn't expect to get our money too quickly. They seem to keep emphasizing that they have hundreds of thousands of customers they need to pay. They earned over $3,000,000 in interest on our money from the time they froze it until now. They have a lot of incentive to take thier time with these payouts.

Perhaps their payment schedule will start with the smallest balances for withdrawal first..that way they can hold onto the big bucks longer.... positive news though... many people with $$$ tied up for some time now

[increasedodds]

I suspect they'll be back in Canada once the whole US mess is over...

Sean

[20Four7]

Originally Posted by increasedodds

I suspect they'll be back in Canada once the whole US mess is over...

Sean

Not until their 2 years of being a good citizen in the eyes of the US gov't is over.

[Bill Dozer]

Originally Posted by bigboydan

5 more days before they release everyones money.

I think best case scenario is they release a payment schedule. In 5 days we may know the day the money will be released. I doubt they flip the switch for withdrawals in 5 days but hope I am wrong.

[GPC]

63p is probably a fair valuation of the company considering 1 year ago it peaked at 442.5p and in October 2006 it dropped to 140p.

p = pence (approx 2 U.S. cents).

Have to think it's remaining business is much less valuable than before it's troubles.

[pags11]

I didn't know they allowed scams to trade...I'll believe it when I see it (in terms of everyone getting their money back)...

[tacomax]

Originally Posted by marc

The impression I get from neteller is that we shouldn't expect to get our money too quickly. They seem to keep emphasizing that they have hundreds of thousands of customers they need to pay. They earned over $3,000,000 in interest on our money from the time they froze it until now. They have a lot of incentive to take thier time with these payouts.

Do you really believe this?

Do you think that the issues with paying Americans are to do with:

a) Neteller themselves (bearing in mind that they paid the Canadian players swiftly and they've been paying the European players regularly and with no trouble)

b) The problems caused by the US government

Anyone who thinks that Neteller are a scam really need a class in Life 101. Neteller co-operated with the US government fir 6t months and have now seemingly got their business back to sorts by paying all but the non-American players and getting a re-admittance to the LSE. Compare that to BoS who haven't paid a penny in nearly a year.

[pags11]

agreed that neteller isn't a complete group of scammers such as BOS, but they are still scammers...this is all a bunch of bullshit and U.S. customers will not get paid...

[tacomax]

Originally Posted by pags11

agreed that neteller isn't a complete group of scammers such as BOS, but they are still scammers...

Assuming you read my post in reply to marc, then why? Is the answer a) or b). Read the post carefully and answer.

[20Four7]

Taco, both you and I know the correct answer is B. I'm just wishing I'd bought up the balances of a few american players at 50 cents to the buck. I'm sure a few would have sold and I'd be getting the coin shortly. When Neteller pulled out of Canada everything went very smooth as far as I am concerned.

[JoshW]

This is certainly a concrete positive sign. Unlike press release and press release.

[capitalist pig]

After a quick glance at their numbers, revenue will be down 70-75% due to the loss of US and Canadian business. Ouch thats got to hurt.

later

[sportsfanatic]

Originally Posted by tacomax

..

b) The problems caused by the US government

Anyone who thinks that Neteller are a scam really need a class in Life 101. Neteller co-operated with the US government fir 6t months and have now seemingly got their business back to sorts by paying all but the non-American players and getting a re-admittance to the LSE. Compare that to BoS who haven't paid a penny in nearly a year.

A lot of U.S. customers will always blame Neteller no matter what anyone says. They will say that the U.S. gov't is partly to blame (not partly but 100% in my opinion) and then enthusiasticly and loudly bash Neteller. Understandable but sad that Frist and Kyl barely get a mention but always a "FU Neteller this and FU Neteller that" all the time.

[sportsfanatic]

Originally Posted by increasedodds

I suspect they'll be back in Canada once the whole US mess is over...

Sean

They will never come back to Canada. I'm still bitter that they left in the first place.

[pags11]

that's odd, tacomax is copying and pasting again...

guys, face it...you aren't getting your money back from neteller

[JoshW]

pags11, you are certainly welcome to that opinion, but I think in this case players will be paid.

[punchmaster]

Originally Posted by pags11

that's odd, tacomax is copying and pasting again...

guys, face it...you aren't getting your money back from neteller

Hey dude, many people here have been waiting a long time for their money and obviously you could care less and post doom and gloom , what's your motivation?. Check out this link and screw you.

http://content.neteller.com/content/...supdate_us.htm

[Santo]

Stock up 7% today to 79p

[pags11]

punchmaster,

just being real bro...I know a scam when I see one...luckily, I didn't have much money with these dudes in my account and I was able to transfer it to a canadian and get it out of there...

all of the warning signs are there...I'm calling bullshit that people will get your money back...

remember, don't shoot the messenger...you're really pissed that they are scamming you out of your money...

[magnavox]

pags just can't get over the 5% he had to pay to this Canadian. He'd preffer to just request money directly from Neteller the usual way and save his little fortune of $50.

[Mudcat]

There is no problem with Neteller except in exactly one country. The problem is not Neteller; there is something unusual going on in that country.

So let's see. Has anything unusual happened in the U.S. with regard to on-line gaming in the last year or so? Hmmm . . .



I don't know if Americans will get paid or not. I would lean strongly towards yes. But if not, it is American elected officials who are to blame.

[pags11]

magnavox,

that's about what I paid for your mom in her prime, including anal...