Post
Topic
Board Gambling
Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-(
by
Clement Kaliyar
on 21/02/2021, 22:32:29 UTC
So you've invested in a company, the company has been taking a loss and eventually was forced to shut down. It's a normal situation.
So are you saying that Yolo was at a loss for a long time and hence they are force to close their business.

If you theoretically held YD's stock, you'd feel the same. They'd take losses and eventually go bankrupt not allowing investors to earn back and it wouldn't be anything unusual.
The situation is right, if a company is taking a loss then the stock will go down but the investor will know the situation at every point and if i remember in the case here they were transparent with everything.

I also believe that allowing someone else to try to run the business might be a safe way out, but it's not my decision to make.
If the owners ever plan to sell the site they should inform everyone that the team has changed hands and it is difficult to find a trusted team to run the business and hence they are closing.