@Freunds_Mullet@i_con_art @FILambings @fi_action Yep. Everything still possible at this stage. Most likely (IMO) is liquidation with a (small) % payout to customers but they are looking for buyers/new management options.
Having spent many, many hours looking at the funding concept, whilst we will have to wait for the administrators to know for sure, I believe this is a story of shocking incompetence rather than scam. Not a single journalist was interested in speaking to me on this. #footballindex
Please ensure all FI Traders you know are directed here. We don't want anyone to be left out. If they are off twitter, get them on here.
After a few days, once we can be sure most Traders are here, we will be setting up sub-group chats so everyone can have a voice.
One plea while all this works itself out. Please be kind to @FootballIndexCS staff and individuals who have or are still working in more junior roles. They did not know any more than we did and they are likely to be redundant in the next few weeks.
It can't be. Shareholders come after unsecured creditors in the queue (us). But it's possible a fair bit of money has flowed to them already as dividends. This is why we won't know much until the administrators go through the finances.
Wait until people realise that Index Labs Ltd is going to be one of the biggest creditors in Betindex Ltd and will be earlier in the line to be paid than anyone with funds in the platform... #Footballindex