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ziggytpunter43
27 Aug 11 01:29
Joined:
Date Joined: 23 Jul 04
| Topic/replies: 21 | Blogger: ziggytpunter43's blog
Despite posting massive profits(reortedly 4 mill and 5 mill) the last 2 years they go out backwards..hard to fathom

gotta laugh tote tassie and betfair in bed with them..

due diligence guys...YOU WERE TOLD!!
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Report wombleoz August 27, 2011 1:36 AM BST
You can lead a horse to water Ziggy......
Report ziggytpunter43 August 27, 2011 1:59 AM BST
you can Womble but you can't make him french kiss you.Who knew?
Report burgess August 27, 2011 2:02 AM BST
Schadenfreude.
Report ziggytpunter43 August 27, 2011 2:06 AM BST
exactly about whose misfortune are we laughing or profiting burgess my dear fellow.hope you don't have a sportsalive account .i do but it has a nil balance because i don't back many winners.
Report secong coming. August 27, 2011 2:07 AM BST
fuel the pigs.....
Report burgess August 27, 2011 2:12 AM BST
Ziggy."gotta laugh"[:x]
Report ziggytpunter43 August 27, 2011 2:22 AM BST
he who laughs last ,laughs best.
perhaps this old adage is true,but I always have taken a different view.
try this on for a piece of twisted Ziggy philosophy.

He who laughs last is probably stupid as he was the slowest to get the joke.

Just a thought.
Report secong coming. August 27, 2011 2:27 AM BST
or maybe has his mouth full of waitress at the all you can eay chinese.....
Report secong coming. August 27, 2011 2:28 AM BST
eat PlainMischief
Report ziggytpunter43 August 27, 2011 2:30 AM BST
lol sc,you'ld have to ask Womble 'bout that.He is the one who goes after the hired help,Toppelinos in StKilda is one of his 'hunting' grounds I believe.
Report ziggytpunter43 August 27, 2011 2:32 AM BST
last time i went to an all you can eat chinese,i got thrown out for eating the goldfish in the display tank...I said to the proprietor"you did say all I can eat" he didn't deem it funny,but he who laughs last..
Report secong coming. August 27, 2011 2:54 AM BST
LaughLaughLaughLaughLaugh
Report Deadly Earnest August 27, 2011 2:54 AM BST
Some of us not laughing, that is for sure.  Hopefully most or all of the funds on deposit are returned to punters.
Report secong coming. August 27, 2011 2:56 AM BST
only laughing at zig D.E

all the best for a/c holders with funds....
Report wombleoz August 27, 2011 10:14 AM BST
you must admit she was worth a crack Ziggy [;)]

although that line will NEVER be used again CryCryCry

I can't believe the rules in the ACT don't require account holders funds to be isolated - dodgy as
Report ziggytpunter43 August 27, 2011 2:42 PM BST
certainly Womble ,curves in all the right places......while your down there,lmfao
Report dos dedos mis amigos August 28, 2011 2:57 AM BST
anyone had hassles withdrawing from bet sleazy
Report Mister10 August 28, 2011 3:23 AM BST
Plenty. Money seems to get there in the end. Last six weeks have been much more timely. Don't like their once a week settlement on a Thursday based on Sunday nights balance policy. Every withdrawal a comes with a nervous wait.
Report dos dedos mis amigos August 28, 2011 3:25 AM BST
so why do business wit em?
Report laythefave August 28, 2011 6:03 AM BST
Apparently, Tom W has bought whatever is left of Sports Alive, and has said that account holders that have a credit balance will be paid.

As for Beteezy... "Warning Will Robinson"[:(][:(][:(][:(]
Report Lets Elope August 28, 2011 8:26 AM BST
according to my sources fave that info is incorrect unfortunately, there is a corp interested who may guarantee sports alives clients bets but its not tom waterhouse. Talk about hard luck I have a mate who had a very good bet on the eagles for the top 4 at 6 bucks some time ago have one guess who he had it with? Unbelievable.
Report manikato August 28, 2011 8:56 AM BST
what is unbelievable is the guarantee. it stinks!!
Report JamesBlakesHugeArse August 28, 2011 9:06 AM BST
tom waterhouse has taken over bet247...who were a white label offering the same odds as sports alive, so not the same as sports alive

no-one seems to know what is happening about sports alive
Report Hal August 28, 2011 9:49 AM BST
I thought an administrator had been appointed. Would those clients with credit balances be treated any differently to other creditors?
Report wombleoz August 28, 2011 10:20 AM BST
good to hear Betfair client's funds are safe and they'll honour bets placed through here
Report laythefave August 28, 2011 11:07 AM BST
Sorry, all. I got it wrong.[smiley:crazy] Thanks for the correction James.Grin
Report lazza August 28, 2011 11:54 AM BST
They mentioned on Racing Review this morning that TW would be honouring those a/c holders.
Report Scott135 August 28, 2011 2:14 PM BST
according to my sources fave that info is incorrect unfortunately, there is a corp interested who may guarantee sports alives clients bets but its not tom waterhouse. Talk about hard luck I have a mate who had a very good bet on the eagles for the top 4 at 6 bucks some time ago have one guess who he had it with? Unbelievable.

With the bookmaker Sports Alive liquidation, TomWaterhouse.com will make
sure Bet247 punters don't lose their balances and is hoping to do the same
with Sports Alive punters money. Any Sports Alive and Bet247punters should
contact Tom at the TomWaterhouse.com site.
Report Scott135 August 28, 2011 2:14 PM BST
according to my sources fave that info is incorrect unfortunately, there is a corp interested who may guarantee sports alives clients bets but its not tom waterhouse. Talk about hard luck I have a mate who had a very good bet on the eagles for the top 4 at 6 bucks some time ago have one guess who he had it with? Unbelievable.

With the bookmaker Sports Alive liquidation, TomWaterhouse.com will make
sure Bet247 punters don't lose their balances and is hoping to do the same
with Sports Alive punters money. Any Sports Alive and Bet247punters should
contact Tom at the TomWaterhouse.com site.
Report Scott135 August 28, 2011 2:14 PM BST
according to my sources fave that info is incorrect unfortunately, there is a corp interested who may guarantee sports alives clients bets but its not tom waterhouse. Talk about hard luck I have a mate who had a very good bet on the eagles for the top 4 at 6 bucks some time ago have one guess who he had it with? Unbelievable.

With the bookmaker Sports Alive liquidation, TomWaterhouse.com will make
sure Bet247 punters don't lose their balances and is hoping to do the same
with Sports Alive punters money. Any Sports Alive and Bet247punters should
contact Tom at the TomWaterhouse.com site.
Report logroller August 29, 2011 1:51 AM BST
why did u have to tell us 3 times???
Report logroller August 29, 2011 1:54 AM BST
also i dont think Tom will be picking up the slack for the Sportsalive clients, there might be a little to much for Tomboy to handle
Report mrcelebrity August 29, 2011 2:13 AM BST
I signed up with sportsalive only 4 weeks ago and had a $15000 balance with them. For the last 3 weeks I've tried to withdraw $10000 of this but obviously they wouldnt let me. They were accepting bets for these 4 weeks with nothing to lose - If the bet loses they keep the money, if it wins they keep the money. The people that ran the site are criminals. The act gambling and racing commission had one job to do and they failed at this. Australia was supposed to have the safest and most regulated gambling industry in the world but now nobody can feel safe with any money they have in any bookmakers account.
Report THERE....IS....NO....SPOOOOON August 29, 2011 2:32 AM BST
MR.C

Melbourne based company, ARBITRATIONS AND MEDIATIONS might be worth a call..

google ..." MICK ARBITRATIONS AND MEDIATIONS " [;)]

Might cost you twelve but three is better than none Plain

PS. Can I have an autograph please ?... it's for.. ummm.. it's for my mum Silly
Report logroller August 29, 2011 2:52 AM BST
quiet right want to be a celebrity, the government of the ACT have someting to answer to, they were negligent in their duty to govern this bookie and surely this is the way forward for us poor suckers that had funds with them, also there may be more than meets the eye here and even the owners may have a bit more to answer to than we think, even criminal charges if they traded while insolvent
Report dos dedos mis amigos August 29, 2011 3:48 AM BST
v good spoon
Report CrazySnake August 29, 2011 3:54 AM BST
Didn't this mob already go out once in a manner of speaking when they were Sports Acumen? Some people just can't manage a business...
Report CrazySnake August 29, 2011 3:56 AM BST
Ironically, I almost closed up my Betstar account and opened a Sportsalive account when Betstar started giving me the run around. Better the devil you know sometimes.
Report barneycross August 29, 2011 6:16 AM BST
You win again Crazy....
Report CrazySnake August 29, 2011 8:03 AM BST
I've had plenty of losers over the year, Barney, but who advertises those?
Feel sorry for the guys that held accounts with them. Nothing worse than losing your money without a yelp. I'd feel sick.
Report barneycross August 30, 2011 3:16 PM BST
How close to the mark can this be???

http://www.makingthenut.com/content/punter-protection-or-lack-thereof-act
Report Strapped August 31, 2011 2:09 AM BST
i suspect the author is well informed
Report Green Spandex August 31, 2011 3:42 AM BST
I think you'll find Fisky worked for Acumen back in the day...
Report CrazySnake August 31, 2011 6:08 AM BST
Read the article and am appalled that it could even happen, much less that it did. I have money strewn across the countryside and overseas in betting accounts. If I lost the funds in even one of those accounts I might as well close up and do something else. I am now checking to see where the accounts I am holding are licensed. If it's an ACT licensed bookie I'm closing it immediately.

CS
Report logroller August 31, 2011 7:03 AM BST
Joined: Date Joined: 20 Feb 03 | Topic/replies: 1,160 | Blogger: logroller's blog
quiet right the government of the ACT have someting to answer to, they were negligent in their duty to govern this bookie and surely this is the way forward for us poor suckers that had funds with them, also there may be more than meets the eye here and even the owners may have a bit more to answer to than we think, even criminal charges if they traded while insolvent.

it is about now that this company r in the red for over 10mill, included is about 1.3mill to clients accounts.

if this is the case they have been trading while insolvent for months maybe even years, this is the way forward with a class action to make the directors, tasmanian tab and the ACT authority to be held accountable
Report barneycross August 31, 2011 7:55 AM BST
canberra based sport books.. megasports, multibet, portlandbet & sportsalive all closed...any more??? Looks like a poor record in our nations capital...
Report AtThePicnics August 31, 2011 8:12 AM BST
Capital Sports
Report jimbob03 August 31, 2011 8:35 AM BST
cant get over this they have to make profit
Report cats07 August 31, 2011 9:00 AM BST
tipping the directors have !!!!    punters and investers havnt , dont reckon the sports alive bean counters are getting around on bikes there will be enough to put petrol in there cars
Report CHANTECLARE September 1, 2011 12:33 AM BST
Commission denies poor form in investigating Sports Alive claims
BY HENRIETTA COOK
01 Sep, 2011 12:00 AM
Punters have accused the ACT Gambling and Racing Commission of being ''grossly negligent'' in its handling of embattled betting shop Sports Alive and are likely to file a class action lawsuit against the government regulator.

But the commission insists it has done its job properly and raised the possibility of fraud being involved in the company's collapse.

Thousands of Australians look set to lose $1.5 million after the collapse of ACT-registered Sports Alive, which was placed into liquidation last Thursday despite returning profits of about $5 million last year.

Punters told The Canberra Times they contacted the commission up to two months ago to raise concerns about the company.

Sydney resident Matt Fisk, who expects to lose $22,000 from the collapse of Sports Alive, phoned the ACT commission a month ago after he was unable to withdraw $17,000 from his account.

''They told me to relax, that the money was in a safe account and everything would be fine,'' he said.

''The ACT Government have failed their duty of care. It seems the gambling and racing commission were happy to collect their cash but do no work.''

Mr Fisk said he was seeking legal advice about whether to pursue a class action lawsuit against the ACT Government.

He said up to 100 hard-done-by punters had shown interest in joining the class action.

But ACT Gambling and Racing Commission chairman Malcolm Gray said while complaints about late payments had been made, these had been investigated and resolved.

''There were various matters but none of these issues were of a magnitude that indicated insolvency,'' he said. ''It's possible the company has been subjected to fraud. If this is so, other regulators including the police and Australian Securities and Investment Commission may be interested.''

A Canberra punter who stands to lose $50,000 said he contacted the commission two months ago when he became aware Sports Alive was writing ''paid'' on unpaid accounts.

He had been barred from withdrawing money from his account, but was allowed to place bets.
Report asanque7 September 1, 2011 3:19 AM BST
I'd like to gauge the interest of any affected punters in being involved in a class action against the ACT Gambling and Racing Commission.

I will look to contact Matt Fisk and find out more.

If you are interested, I will ask for more information later, but in the meantime, can you please just leave a brief response in this thread that you are interested.
Report JamesBlakesHugeArse September 1, 2011 3:51 AM BST
interested - i have been reading the bigfooty forum thread keenly

i moderate another forum so can also ask there if you like
Report asanque7 September 1, 2011 3:58 AM BST
Thanks, by all means ask away.

I would think that to even make this feasible we would need at least $500k worth of punter funds lost.

I think its a long shot, but I'd say that we are at about approximately 50k in total losses so far.

Assuming you add Fisky's losses, we're up to around 70k.
Report asanque7 September 1, 2011 4:14 AM BST
Up to approximately $165k now.
Report asanque7 September 1, 2011 4:19 AM BST
Check this page for further updates
http://www.makingthenut.com/content/punter-protection-or-lack-thereof-act#comment-363
Report topdog94 September 1, 2011 10:32 AM BST
Am interested also. Add another couple of k to the total
Report Charkitz September 1, 2011 10:35 AM BST
Looks like our money is gone for good...

http://www.bentcougle.com.au/SportsAlive_Notice.pdf
Report Punching Watsons September 1, 2011 10:35 AM BST
http://www.bentcougle.com.au/SportsAlive_Notice.pdf

bad news for those owed.
Report nickw September 1, 2011 11:00 AM BST
what are the names of the directors of these companys

They should not be allowed anywhere near a betting company or bookmakers license ever again
Report Melbourne_Punter September 1, 2011 11:21 AM BST
Bent & Cougle pty ltd by the look of it nick [smiley:crazy]
Report topdog94 September 1, 2011 11:29 AM BST
My understanding was that bookies were required to place a $250k bond with gaming mob in ACT that would cover punters accounts, and nothing else. Surely that has to be divided among account holders. It is less than 10% of total account holdings by the look but it is something. And not what Bent & Cougle have stated?
Report gawler gary September 1, 2011 11:34 AM BST
asanque - I would be interested in joining your class action.  Unsure of exact balance at time of SportsAlive going under but guess around 4k
Report Jez_Punter September 1, 2011 11:35 AM BST
What a disgrace this situation is.

ShockedShockedShocked
Report gawler gary September 1, 2011 11:43 AM BST
Can you use money in your SportsAlive account to pay Betfair Premium Charges?
Report coney September 1, 2011 12:13 PM BST
shocking governance on BF's behalf jumping into bed with what appear to be a pack ****s.

I'm dismayed at the way BF OZ is run. I'm dismayed at the way BF is run full stop these days.

BF has become the antithesis of its raison d'etre really. A sporting stock market.Free trade minus a
reasonable commission for facilitating our trades. That was the good old days. Glorified bookie would now be closer to the mark.......
Report GPT September 1, 2011 1:19 PM BST
I'm in for a class action,lost about £1300 but not entirely sure as I couldn't access my records obviously.
Report GPT September 1, 2011 1:19 PM BST
I'm in for a class action,lost about £1300 but not entirely sure as I couldn't access my records obviously.
Report blaah blaah September 1, 2011 7:14 PM BST
Also interested in class action. Had $10,000 in my account.
Report ozrazer September 1, 2011 10:52 PM BST
$2.6m in punter funds.............to pay the secured creditors of $4m........fk that
the punters funds ARE PUNTERS FUNDS NOT TO BE USED FOR ANY OTHER MATTER.........
Report ozrazer September 1, 2011 10:54 PM BST
not affected btw just feel for you guys....the scum banks etc chance of getting something reasonable at YOUR EXPENSE....disgraceful

ALL laws need to change in this area, punters funds ringfenced and not to be used for any other purpose
Report george29 September 2, 2011 12:43 AM BST
I am also in for the class action. I was with 5200 euros with them
Report nickw September 2, 2011 3:24 AM BST
Make it so each of there tradings names have to have 250k cover
FFS
BETezy have about 10 different ones
you should at least know who you are betting with
Report laythefave September 2, 2011 6:34 AM BST
Forget about getting anything. Bent and Cougle, like every liquidator, will get any money that's left in the company. That means that if there is still 250 large that's been held in trust by the Government Regulator, they will eat up the lot for their expenses. Because they, like all other liquidators, charge like wounded bulls and get theirs immediately. I feel very sorry for all those affected.Sad
Report logroller September 2, 2011 6:39 AM BST
I'm in 7k for action...................also the ACT regulations require an audit every month and clients funds r supposed to be ringed in seperate a/c, they r undoubtly liable, as r the Tasmanian TAB who owns 25% of sportsalive, dont tell be they weren't aware of the situation.

punters will be paid in full! if i was a betting man, the one thing the gambling industry in this country could hang it's hate on was, that no punter will be left owed by a betting agencies. now only Vanuata has that title in the region[smiley:crazy]
Report manikato September 3, 2011 5:41 PM BST
Betting agency misled, say staff
Michael Bachelard
September 4, 2011
Almost 13,000 punters could lose more than $3 million after a sports betting agency went into liquidation.

Almost 13,000 punters could lose more than $3 million after a sports betting agency went into liquidation. Photo: Pat Scala

STAFF of a Melbourne sports betting agency have claimed the company's managers deliberately misled regulators as it spiralled towards liquidation last month.

Almost 13,000 punters stand to lose up to $3.2 million after Sports Alive, which is registered in Canberra but based in Melbourne, appointed liquidators on August 25. The figure includes $2.6 million in payouts not made to winners as well as $600,000 held in ''wagered open bets'' - money held by the agency for punters placing long-term wagers, for example a bet at the beginning of the AFL season on who will win the AFL grand final.

Liquidator Hamish MacKinnon of Bent & Cougle said agency staff were also owed $300,000 in unpaid superannuation and the $250,000 the company was required by law to hold as a buffer was funded by a loan from Bank of Queensland.

Company records show that, two days before the liquidation, two Melbourne directors of Sports Alive, racing identity Danny Finley and lawyer Colin Hiles, suddenly quit the board. Mr MacKinnon also said that around the time of the liquidation, a loan by Mr Finley to the company was taken over by another finance group.

Mr Hiles could not be contacted, Mr Finley did not return calls, and neither did his business partner and former Sports Alive director Gary Gray. Sports Alive chief executive Stephen Chant also did not return calls.

Mr MacKinnon said the company had made losses in the past two years, and he was investigating whether the company had been illegally trading while insolvent.

Alex Bailey, who ran the company's Canberra call centre, said that long before the liquidator came in customers were not being paid their winnings.

''At the end, people had been waiting up to six weeks … I had clients threatening to come in to the racecourse to cut my f---ing legs off and slit my f---ing throat,'' Mr Bailey said.

Even though no money was being transferred to punters' bank accounts, staff have confirmed that company managers were falsely marking customers' betting accounts as ''paid''.

Mr Bailey said he believed this was being done to trick the ACT regulator, the Gambling and Racing Commission.

Three other staff members, speaking anonymously, have backed Mr Bailey's stories.

A Gambling and Racing Commission spokesman said the commission was ''undertaking inquiries in relation to Sports Alive at the time it went into liquidation'', but could make no further comment.

The company was at one stage a takeover target for government betting agency Tote Tasmania, which looks to have lost its $3.88 million investment.

Tote chief executive Craig Coleman said he regretted the investment. ''I don't know that there was any campaign of hiding things, I certainly wouldn't go that far, but I do have concerns about management practices.''
Report asanque7 September 5, 2011 10:28 AM BST
--------------------------------------------------------------------------------

Still not a single response to my numerous e-mails, from the liquidator.

I have serious concerns about the independence of the liquidator notwithstanding the circular to creditors.

There are 4 key concerns:
1. Liquidator consulted prior to winding up by the only director
2. Calling all punters unsecured creditors (no mention of segregated accounts)
3. No mention of insolvent trading/fraud
4. Calling all pending bets refunds as opposed to waiting for final payout (unlike Betting West).

Whilst the issue of the class action is still pending, I'll likely be asking those interested to provide proxy votes for the upcoming creditor's meeting.

If the liquidator can't provide answers to the questions above, I'd be moving a resolution to appoint another liquidator.
Report bjvv September 5, 2011 2:11 PM BST
i'll gladly send you my vote, but how would this work exactly?  who gets to vote about what?  how easy is it to send the liquidator home?

regardless of whethet the liquidator has been consulted in advance, his judgement all of us are unsecured creditors is enough for me to send him home. regardless of whether he is right, we have nothing to gain with him, and everything to gain with another liquidator. worst case he'll also consider us unsecured creditors as well and that will basically leave us where we are now. any additional costs that this might incur -> who cares, we're not getting anything anyway the way it stands.

also, a liquidator that budgets 40.000 aud of our money to answer "creditors queries" but who is unable to answer e-mails within a reasonable timeframe, doesn't get my sympathy.

nothing too lose, perhaps not too much to gain but we can always try. if you are willing to attend the meeting, let me know what i can do.
Report AtThePicnics September 5, 2011 2:28 PM BST
I'm up for it too.
Report barneycross September 5, 2011 3:09 PM BST
I will gladly  pay the JJ Richards acct if they take all the "rotting stench" from the place
Report mrcelebrity September 6, 2011 1:20 AM BST
I strongly suggest that everyone affected be at the creditors meeting at 10:30am on September 13 at the Seasons Botanical Gardens Melbourne, 348 St Kilda rd, Melbourne VIC 3004. We have the power to appoint a different liquidator who understands that punters accounts should have been segregated and we are not unsecured creditors. Even if you had no money with Sports Alive, any person with any interest in online gambling should also attend as this is a serious case for the future of the industry in Australia. It would be great to have a strength in numbers to show that punters are people too.
Report bigthommo September 6, 2011 2:58 AM BST
Morning all. have viewed the documents on the liquidators web site.  Sportsalive now only has one listed director. Obviously well prepared in the structure and timing of voluntary liquidation.  The liquidators has put together lists of secured creditors,preferred creditors and unsecured creditors.  Obviously the substantiation of these claims will be ongoing. Employees who have not worked at Sportsalive have claims in.  More to follow.................
Report bigthommo September 6, 2011 3:16 AM BST
Two of the larger Unsecured creditors have directors who were,are,was,could have been directors of Sportsalive. Secured Creditors of 4.69 million and a deficiency of 7.125 million.
All this with a betting licence issued by the ACT with a guarantee of $250,000.  One could ask "How could this happen" . It is time that every account holder and in fact every concerned punter ask this question of the ACT racing and gaming division. But do not stop there.... Ask the question of the Australian and Securities and Investments Commission of the meaning of the term "trading whilst insolvent"......the figures presented by the liquidators being paid by Sportsalive ...suggest this was occurring long before the liquidators were called in.  Question the involvement of Tote Tas and their due diligence team.  Many of these answers will never come to light but they must be asked.  Every account holder should attend or at least appoint a proxy at the scheduled meeting.
Report Hal September 6, 2011 3:59 AM BST
I wish good luck to everyone chasing their cash. But what do we learn from this, if your bookie is slow to pay out, be concerned.
Report mrcelebrity September 6, 2011 4:50 AM BST
I am very concerned about one smaller bookmaker that hasn't paid out a withdrawal I made last monday
Report asanque7 September 6, 2011 4:26 PM BST
Hi all

Please find a link to the latest update from the liquidator.

http://www.bentcougle.com.au/NoticetoAccountHolders.pdf

It appears that they have sold our client details to Tom Waterhouse last Friday.

There is no mention as to whether Tom Waterhouse intend to honour accounts or how much our client details were sold for.

I am presuming that the funds generated from the sale of client details will go to secured creditors (although this is yet to be confirmed).

Where does this leave punters?

At a best guess (and this is not advice), here is a brief summary:
1.  Punters are currently considered unsecured creditors with likely return of zero.  Secured creditors will be paid out first.
2.  There is a 250k security bond held by the government that I presume will go to punters, totalling approximately $3 million.
3.  It is possible that the liquidators will pursue the directors of Sports Alive for insolvent trading / fraud and they may be personally liable for debts of Sportsalive.  I would suspect that prospects of any return to punters is minimal.
4.  It is clear that Sportsalive did not comply with its legislative requirements to keep punting funds in a segregated banking account (only 20k left in the bank account).   It is possible that punters may have grounds for a class action against the ACT Gambling Commission for failing to properly fulfill its duties to regulate Sportsalive. 
5.  It is possible (albeit unlikely) that Tom Waterhouse may still decide to honour Sportsalive funds.

What are the next steps?

1.  Via the link above, the liquidator has answered the majority of my questions.  My only questions relate to the sale of the customer list to Tom Waterhouse and what is the approximately $3.2 million dollars owed by sundry debtors?
2.  I will be attending the upcoming creditor's meeting and I highly encourage all those affected by this matter to also attend.
3.  It may be possible to replace the liquidator but we would need to obtain a majority of the vote at the upcoming creditor's meeting.   I currently have been contacted by punters with approximately $700k in funds owing, so this is quite a significant sum (although only 10% of the total debts). 
4.  I am quite busy so would prefer not to be the one leading the charge on this matter.   However, if no one else volunteers, I am happy to receive proxies from those who can't attend, so that I can vote on their behalf.

Hopefully the liquidator will release proof of debt/proxy forms shortly to facilitate this process.   Otherwise, I can assist in drafting a pro-forma template.

Given the short timeframe involved, if you are interested, please keep monitoring these threads.

Please feel free to contact me if you have any questions
Report JamesBlakesHugeArse September 7, 2011 3:40 AM BST
I sent you a pm a few days ago, am representing a few people with funds of approx $20k so we are very interested in maintaining contact
Report topdog94 September 7, 2011 3:54 AM BST
Asanque7, appreciate your efforts on behalf of all account holders. I, perhaps like others in this forum am not too savvy when it comes to how blogs etc work, or the process of this whole matter. How can I/we put your details on my proxy? In northern NSW mate so no chance of attending.
Report asanque7 September 7, 2011 9:22 AM BST
Hi all

A further update.

I've now spoken to the liquidator of Sportsalive and received the answer to many of my questions.

If you are not planning on attending the upcoming creditor's meeting on Tuesday, I am seeking proxies to vote on your behalf (potentially to replace the liquidator). 

This can be found on the last page of the below link.
http://www.bentcougle.com.au/CirculartoCreditors.pdf

I have set up a new email to deal with any questions and I will send a further update tonight.
The email is: sportsaliveaction@gmail.com

I am currently compiling a list of all affected punters who may be interested in the actions listed above.

If you haven't sent me full details, now is the time.

Send name, email address and amount owed from Sportsalive.
Report logroller September 7, 2011 1:31 PM BST
asanque7 , i will attend the meeting on tuesday, just shout out loggy! and i will give u a hand if needed
Report asanque7 September 8, 2011 2:37 AM BST
Hi mate

That's great that you will be in attendance.

I still recommend that you send an email to the email address above so that I can add you to my email updates.

I've received a lot of very disturbing information about the activities of Sportsalive and I think we have better chance of success if we band together as a group.
Report Aussie Punter September 9, 2011 10:33 PM BST
asanque7: Ive been sent proxie forms but have no financial interest in the matter. Is the proxie relevant in this case. If it is , more than happy to send it to you
Report asanque7 September 10, 2011 4:03 AM BST
Hi mate.

My understanding is that a proxy will only be relevant if you are a creditor of Sportsalive.

Interesting that you have been sent a proxy form though as even I haven't received one!
Report barneycross September 13, 2011 8:28 AM BST
Creditor meeting today....more doom & gloom.. fig can get to $10M+ owed...looks like been trading insolvent for 3-4 years....was anyone else there?? wat did you make of it...
Report Renny September 13, 2011 8:32 AM BST
I had an account with Sports Alive. Unfortunately (or fortunately), it had a nil balance and no pending bets. I just received an email from Tom Waterhouse.com saying they would be taking over SA clients, AND THEIR BALANCES, and retaining the same logon details. Whether that applies to clients with big balances, I don't know.  Good luck.  FYI
Report STS. September 13, 2011 8:37 AM BST
What i don't understand with all you guys owed... why on earlth would you bet with a bookie who paid late ?

Just one single time would be enough from any corporate bookie

It's different having a one man bookie like a rails or off rails bookie asking for some breathing space which i have been happy to wait ..and if so get burn that's life...but a corporate ffs ?? Just don't make sence imo.
Report Renny September 13, 2011 8:42 AM BST
Correction-It didn't specifically say ALL clients, it related to my account and made no mention of other accounts.Increasing client base at minimal cost?
Report barneycross September 13, 2011 8:43 AM BST
TW has "said" will put in 1 Mill but looks to have conditions apply...
Report Aussie Punter September 16, 2011 1:02 PM BST
asanque:  I had a thorough read of what they sent me ... I had literally $1 in the account....is it too late to pass on the proxy
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