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Where do we start
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Chasing rainbows, poor people who lost their money. Now 88e will make you lots of money
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Information notice: Suspension of licence - BetIndex Limited... a business model that the licensing board didn’t understand , yes it was a bet .. but the company created a “ market” based on stocks , not a winner passing the post .. will be interested if any monies are returned
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I never understood the business model so perhaps someone can explain if I get it wrong. You buy and sell players, this is no different to kids swapping cards in the playground. The rarest cards have the most value so I guess the same could apply to FI players. Where it goes crazy for me is that you get a dividend for each player, where does that money come from? If I hold ICI shares the dividend comes from the company making a profit not from the owners of the FTSE 100. I just don't get how that translates into FI and maybe that is why it collapsed. Seems more like a Ponzi scheme to me. Edited by Badger11 (06 Apr 2021 7.59am) Edited by Badger11 (06 Apr 2021 8.00am)
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This was a seriously flawed Business.
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Originally posted by dannyboy1978
Chasing rainbows, poor people who lost their money. Now 88e will make you lots of money It lost 65% of its value today. Not good if anyone took your advice tbh.
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