Football Index

Post Reply
User avatar
Naffman
Posts: 4715
Joined: Sun Aug 11, 2013 5:46 am

Freefall
jamesg46
Posts: 2424
Joined: Sat Jul 30, 2016 1:05 pm

I'm sorry I ever left you Twatter :lol:
You do not have the required permissions to view the files attached to this post.
User avatar
Naffman
Posts: 4715
Joined: Sun Aug 11, 2013 5:46 am

jamesg46 wrote:
Sat Dec 12, 2020 6:59 pm
I'm sorry I ever left you Twatter :lol:
The FI community now hate him more than us lot :lol:
jamesg46
Posts: 2424
Joined: Sat Jul 30, 2016 1:05 pm

Naffman wrote:
Sat Dec 12, 2020 7:29 pm
jamesg46 wrote:
Sat Dec 12, 2020 6:59 pm
I'm sorry I ever left you Twatter :lol:
The FI community now hate him more than us lot :lol:
You would think that its better to sometimes say nothing but that video has bagged him some controversial attention and his returns will probably come from the sale of a few book and video pack sales from people who are desperate to make back their losses.
jamesg46
Posts: 2424
Joined: Sat Jul 30, 2016 1:05 pm

Its painful to see some of the comments floating about... things like "we are just waiting for liquidity to be installed and then everything will be fine" like its a piece of software that can be plugged in by FI to make the pain stop.

Berry seems to be investing a lot of his time debating with people, I have to wonder what's in it for him.
User avatar
Westerner
Posts: 150
Joined: Fri Apr 17, 2009 10:03 am

jamesg46 wrote:
Fri Dec 11, 2020 7:37 am
Naffman wrote:
Fri Dec 11, 2020 7:23 am
jamesg46 wrote:
Fri Dec 11, 2020 6:57 am

Great business model for (FI)... you give me cash for something that doesn't exist or hold any fixed value that we can constantly sell more of and in return we will pay you a tiny % of your money back as a Dividend. Money flows in like a river and trickles back out of a hose pipe. It's deeply troubling what the optics of this are going to be for the exchange industry, not if it goes tits up but when.
That's a great summary
User avatar
Naffman
Posts: 4715
Joined: Sun Aug 11, 2013 5:46 am

Look at this guy
FI.jpg
Not only are those dividends absolutely terrible on a 3 year bet (unless he's held them for a couple of weeks tops which is highly doubtful) but those prices have absolutely plummeted, TAA ix now 3.72, Sancho is now 4.70, Havertz 1.42 and Dybala 1.44.

And he won't even be able to get out at those prices given the amount he's invested, it'd be like trying to get a £10k bet matched at Scottsville.

But it's 'all about the dividends' even though they're trash too.
You do not have the required permissions to view the files attached to this post.
User avatar
Euler
Posts: 20431
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Am I reading that correctly, he owns £180k of Trent yielding 0.5% or is that his 'market cap'
MAGTRADEUK
Posts: 101
Joined: Sun May 10, 2020 12:55 pm

Aboslutely, I gave Caan a couple of messages, but did not send anything out to the FI forum, typical type of place, where those who are well down fall in love or protect their "investment" so they can get it to come back up and get their losses back, the most venomous are usually the ones that are up to the hilt in bad positions. The thing just seems to be some big spread bet derivative scheme to me, just playing on people who are avid football fans. Unfortunately most dont realise they are just trading derivatives and are not investing. IMHO
User avatar
wearthefoxhat
Posts: 1865
Joined: Sun Feb 18, 2018 9:55 am

jamesg46 wrote:
Fri Dec 11, 2020 7:37 am
Naffman wrote:
Fri Dec 11, 2020 7:23 am
jamesg46 wrote:
Fri Dec 11, 2020 6:57 am
It seems the new CEO has recognised the call for liquidity providers from their existing customers, probably due to them losing thousands daily. Problem is Football Index won't attract any serious liquidity providers without a fixed float. Imagine a crypto that could just keep pumping more crypto coins into circulation, it would be worthless. Football Index are acting like the Federal Reserve and just printing shares, its laughable and anyone with a portfolio I'm afraid will at some point end up licking their wounds.
And the problem is that's the only way they can keep paying dividends as the commission is nowhere near enough to fund it.

The FI community blames the 'order book system' for all their losses to make it like an exchange which I think is a good idea but still FI will be paying these dividends out which for the life of me cannot see how they can afford.

Seems a few smart people (well not smart otherwise they wouldn't have got involved in it) are/have got rid of their portfolios and with new customers avoiding it like the plague it feels almost a matter of time before liquidity runs out.
I've just been on Twatter after reading your post to take a look & it's a bloodbath. FI are able to pay a Dividend because they're the ones holding the cash from the worthless shares sold, infact they're the only ones in this with anything that is actually worth something.

Great business model for (FI)... you give me cash for something that doesn't exist or hold any fixed value that we can constantly sell more of and in return we will pay you a tiny % of your money back as a Dividend. Money flows in like a river and trickles back out of a hose pipe. It's deeply troubling what the optics of this are going to be for the exchange industry, not if it goes tits up but when.
Reminds me a tad of the crypto scams 3 years ago.

Who can forget, Bitconnnnnnnect....

bitcon.png

All joking aside, there were some hard lessons learned for some, others yet to.

https://thenextweb.com/hardfork/2018/01 ... ocurrency/

They operated a lending platform, a buying of a token (for bitcoin) that also had a value at the time. The model that was used back then has some similarites to FI....(although not linked to crypto)

model.png

The article Peter posted up about the moving around of directors and the current lack of liquidity, wouldn't surprise me if "someone" pulls the plug on the whole website and drops out of sight in the same way as the crypto scams did. :? :shock:
You do not have the required permissions to view the files attached to this post.
Post Reply

Return to “Alternative betting exchanges, Smarkets, Matchbook etc.”