Feel sick today. I see people saying they feel stupid, naive etc. We were lied to & manipulated constantly. Encouraging us to be +ve & keep investing as big things were coming. The whole time knowing they were in the shit! Long thread of lies&deceit. Time to unite #footballindex
June 2020 - We WILL be switching to NASDAQ, going from a "quirky bookmaker" to a much larger scale... WE WERE LIED TO. We were mislead. We deposited big money off the back of this, believing huge things were coming. IT NEVER CAME
Part 2 of the update. Again confirming NASDAQ coming and that media will be IN PLACE by the start of the 2020/21 season
July 2020 update - possibly the most misleading yet.
NASDAQ in place by sept 20 👀 and SUPPORTED BY MARKET MAKERS.
Reinforced in the summary. We shud expect a fluid market with market makers (plural) providing liquidity across the entire market.
1st October, AC tells us media monitor in final stages and trials next week... 6 months ago! They are continuously looking to improve and the dreaded "onwards and upwards"
Updated October update - encouraging vision of a bright future. Reminder to plan long term.
"lower the price the higher the yield" - until the divs get reduced by circa 80% that is...
Oh and a reminder that the fundamentals of the proposition and platform are better than ever👀
15th November next - "never been in a stronger financial position" and looking to improve, with the speed of delivery improving every day... Seriously?
Then the big change that brought hope of the end of the lies and deceit.
Bohan promises more delivery and less promises...
Immediately discusses the interest they have had regarding liquidity providers. Love that he puts the emphasis on us suggesting how important it is...
When they have told us all along how important it is and how it is coming any day... All of a sudden it is that are pushing it.
AC's sign off, no mention of doing this due to £ issues etc. This is apparently "an exciting new chapter" - "WITHOUT A DOUBT"... guess what, lies!
Now into Jan 2021:
Again - less promises more delivery to come is his... Promise.
Mentions words such as "clarity" & "transparency", but we know now they were under fire from financial advisors for being in financial difficulty.
Again raises NASDAQ
Part 2 of this update - major deceipt and misleading statements.
Now suggests removal of IPD helps with plans to expand into europe. This caused a significant number of traders to deposit!
For someone who promises delivery, there's a lot of suggestions!
Part 3 - he again assures us how excited they are for 2021, this was a few weeks ago. They were mid discussions to majorly cut back dividends! Excited??!! 😡
"Regular incremental improvements" are u just using big boy words without understanding what you are saying?! Scandalous
Some more misleading statements regarding how they "continue to recruit liquidity providers" only to tell us a few months later that they can't get ANY. SO HOW IS IT "CONTINUING", you didn't have ANY!
They didn't say "trying to recruit", they said they continue to recruit!
You knew what you were doing. You gave the impression the key issues were the ones u have promised to deliver for so long. In your words, you would be delivering not promising. It was time for big news. You suggested the Q & A knowing the excitment it was cause. You crook!
The final lie, 1 week ago, seeing people depositing, while minting 6 figures worth of value, knowing we had no idea these players wud be worth a fraction in a few days!
Now says he wantd to delay the "Q and A" to make sure they answer all questions. There was no "Q and A"!
You used the false promises of a Q and A to draw in funds and build hope of all the things you had promised DELIVERY on without false promises. There was NOTHING but lies and deceit so that u cud announce a dividend butchering!
I feel physically sick writing all this. We must unite and seek the advice and support. This must be criminal. We deserve our net deposits back!! #footballindex@footballindex@MikeB_FI
Please read this thread. Many news outlets already investigating. Your support in helping raise awareness to get people's money back would be really appreciated. Masses of money lost overnight on the back of their lies
Interesting to see on the 21st of Jan they listed this job advert with a huge salary, advertising themselves as a financially strong company. But today announce MONTHS of "substantial loses"... Make your minds up!
Just found this old gem. From @MikeB_FI himself. Turns out IT WAS VITAL and IT WAS IN EVERYONE'S INTEREST and you still didn't do it! The history of broken promises and lies goes way back! #footballindex
Just been shown this interview.. Starts a bit dull, nothing special. But goes on to say things like "depends how big you want to go"... Hardly promoting responsible gambling. I was in 2 minds whether to add, until I got to the very end that is. 1/2
He talks about GLOBAL expansion. Europe, Asia & America!! They reeled people in, knowing how much of a mess they were in. Encouraging people to diversify & bet for the long term. Knowing people wud invest heavy, totally unaware of the cuts that wud need to happen #footballindex
Here is the chairman during his CEO duties encouraging responsible gambling... Oh wait. 10x bigger. 1 billion market cap... What a mess! Constantly encourage further investment, then play the "dont bet what you can't afford to lose" when it goes belly up!
Another message from the boss encouraging people to avoid short term ism. Bet for the long term... "Keep giving us your money no matter how much you are losing - we are going to the moon... Honest!" #footballindex
That time he sent us rockets, we piled in and he delivered goalkeepers!! 🤮🤮 #footballindex
This is one many people have highlighted so I am adding. They withdrew instant sell with what appears to be less than 30 days. Is this not a breach of T and C's?? This was ultimately what caused the downfall! Here is the tweet #footballindextrade.footballindex.co.uk/matchingengine…
Also, they clearly state that it was a mini version of what we will see from NASDAQ, which were told would be imminent... It's been 10months and it is now on hold and no sign of it! We have a right to our money back, surely?! Can anyone help us, spread awareness #footballindex
It's not just the traders they have lied to and hidden the financial turmoil from! Investors didn't even know 🙈 they resorted to destroy our platform without seeking any funding accoring to @scottashton777#footballindex
Seems Nasdaq was shelved 5months ago!!
I remember this tweet! Cannot believe the mess they have caused. They drew us in and threw our money down the drain, covering their tracks until the very end!!
The reflections of an experienced trader from a banking background.
They've admitted they have months of substantial losses. So when did the talks of dividend cuts start? Surely this wasnt a decision they made in 3 weeks? This appears to be another lie that directly led this trader to deposit more! #footballindex
The discussion board amongst the investors of the company. Leadership at #footballindex have a lot to answer for!
It doesn't add up. I cannot get my head around their version of events. Misleading and broken promises aside. The last 2 weeks don't add up at all imo! #footballindex
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Not even reached 24hrs yet and we have nearly 1/4 of a million people having read this! They cannot hide from this. Keep sharing using the #footballindex hashtag to get this trending. Many media outlets already reporting on it or investigating. The more attention we draw 1/2
The more likely it is that we reach people with the power to help us! Cannot thank people enough for the way we have pulled together to fight this. 2/2 #footballindex
I hope everyone is doing ok this morning, my DM's are always open 💪 on a lighter note the irony behind an account with a terminator display pic refusing to give up the fight after several knockdowns, is not lost on me here 🦾
2) Now that we know the mess behind the scenes financially, why were they telling us how excited they are for 2021? Misleading us again
3) they knew this was coming... So why was @MikeB_FI on camera specifically saying he wants to discuss nasdaq, liquidity and media monitors 😡
For the record, I don't condone any threats against employees or representatives of the company. We must protest sensibly in a way that encourages the wider audience to take us seriously.
However, the video & the last 2weeks is despicable now we know what they knew was coming!