SamfFI

Account to talk about @footballindex. Picture is Daniel Kahneman; father of behavioural economics and author of 'Thinking Fast and Slow'.

[SamfFI @FiSamf]

Is it possible to withdraw your FI cash balance yet? I don't seem to be able to but it was supposed to have happened by now right?

[SamfFI @FiSamf]

Got v disengaged from the FI saga for various reasons. Has there been any update on when we can withdraw cash balances?

[SamfFI @FiSamf]

@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.

[Adam @AdamFDF_]

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

[SamfFI @FiSamf]

@Football_MDJ Presumably for tax reasons.

[SamfFI @FiSamf]

@CartelIndex Those were trades not buys. That's £10m (or so) commission not £250m of income from minting.

[SamfFI @FiSamf]

@CBarker81 @ElkHunter78 I hope they are but it all depends on what the administrators find.

[SamfFI @FiSamf]

@ElkHunter78 @CBarker81 Yeah all paid. Not that that means we'll ever be able to extract the money.

[FI Group Action @fi_action]

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.

[SamfFI @FiSamf]

@_mcr_abc @fi_action They'll be updates through that account. 👍

[SamfFI @FiSamf]

Lots of people working on presenting a united case for traders. Follow @fi_action for updates.

[SamfFI @FiSamf]

@Stumacca04 @FootballIndexCS No idea who knew what at senior levels.

[SamfFI @FiSamf]

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.

[SamfFI @FiSamf]

@Fi_Akay @FootballIndexCS Ok well if you're planning on being nice to them we have no disagreement.

[SamfFI @FiSamf]

@Fi_Akay @FootballIndexCS Well if you want to be a dick to them knock yourself out. I'd hope most will realise they're losers here too.

[SamfFI @FiSamf]

@Fi_Akay @FootballIndexCS I feel for both. They were also hoodwinked and will lose their livelihoods.

[SamfFI @FiSamf]

@Fi_Akay @FootballIndexCS She didn't know anything about it. She's young and about to be unemployed. It's really not her fault.

[SamfFI @FiSamf]

@FI_Sharky @Sporting_Panda Both though they may be given different priority order with cash balances first.

[SamfFI @FiSamf]

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.

[Ian @brodders_be]

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