August Meeting of sixandfourum.com Held September 6th, 2011 in Skype Public Chat.
In attendance:
Fletch_smf (Chair)
sixandfour
JBaker
ribbyruno
fuzzy420 (Eric Grant)
The entire meeting can be found in the chat. The following has been edited for readability.
Fletch_smf - Someone tell me what the time is over there.
Jordan Bake - 10:43pm EST
Fletch_smf - ^^ Meeting started then. So we have no previous meetings to read the minutes of, but we'll do that next time. So first up,
finances. Fletch_smf - We have $2.83 in our Prodigy account. Nothing in RaketheRake or Pokerstars.
sixandfour - but... we should be getting a chunk in Prodigy for the past month
Fletch_smf - Yes sir, but current bottom line is probably a good place to start. What's the Sports Betting situation?
Sixandfour - ATM, we have $20.92 in real money, and $30.88 in bonus funds yet to be converted
Jordan Baker - very nice
Fletch_smf - And how can we get access to that $20.92?
Eric Grant - lookin good
Sixandfour - We have to make $200 to cash out, and unless we get a paid membership to a service they offer (which we could do just to cash out and then cancel) we'd only recieve $100.
Fletch_smf - Okay, so basically just building it there for the time being. That's cool.
Jordan Baker - Services like directTV? or services on their site?
Sixandfour - so FSB is essentially a rainy day windfall kind of deal. When it hits, we'll get a nice chunk, but then we wait. Plus, there's not the exponential growth potential there as in poker sites. There's only so many things to bet on.
Sixandfour - No, they have a paid support service that offers things like sports info and analyses. Basically you'd be paying for "expert advice" that we don't need for our purposes
Jordan Baker - gotcha
Fletch_smf - Will we get alot more cleared now Football season is upon us?
Sixandfour - Yeah, was getting there. The NFL season will bring a big uptake on the conversion bets. but, the commission we earn only goes up so much, so in the end, we still are only making so much ground at a time. We can convert this bonus cash at any time if we're aggressive, but until it gets there to convert, we can't make any more.
Fletch_smf - So after it's all converted, we're just betting to make money and increase our funds?
Sixandfour - The plan at this time is not to bet any real money, only the bonus funds. The FSB is nice, but right now, Prodigy is more worth being excited about
Fletch_smf - Okay, Prodigy. We are expecting $6.66 in earnings from August.
Jordan Baker - very nice
Fletch_smf - The graph of rake is at
http://www.sixandfourum.com/images/reports/2011-August-Prodigy.png 
Fletch_smf - If no bonuses are being cleared, we get 24% of the total rake taken from our players.
Sixandfour - and that would be a safe bet, I'd think, unless you're clearing one Fletch_smf
Fletch_smf - No, I am not. Figured the bonus is much more beneficial to the fourum. Total rake for August was $27.77
http://www.sixandfourum.com/images/reports/2011-August-Statement.png
Fletch_smf - Starting these regular tournies and getting some regular cash games going is a good thing financially, and for the health of the fourum as a whole. Who would have thunk it?
Jordan Baker - never in a million years
Sixandfour - Apparently, you would've, sir
Fletch_smf - I'm doing OK at the 10nl, so will get grinding there, which is about half the rake we generate in a month. The other half is the tournies and the nano limit games that we all jump in on.
Jordan Baker - im hoping to move up stakes soon now that im in school and have time to play...but im no fletch
Fletch_smf - No one is, sir.
Jordan Baker - wrong. you are.
Fletch_smf - Only on my best days.
Eric Grant - once the BR is lookin better I am plannin on jumpin up in stakes too. and plannin on grindin in between calls alot more
Ribbybruno - i am starting to grind as well now
Fletch_smf - Fuzzy, there are some great reload and first deposit bonuses, so make sure you take advantage of them when depositing. They're paid out incrementally, so even if you don't work it all off, you'll get some of it.
Eric Grant - oh yeah I already got the sixandforum code in for the first deposit bonus. Just gotta put $$ in
Fletch_smf - Good job Ribby.
Sixandfour - "Fletch_smf: No one is, sir." <<< Are you gonna force me to dig up old posts about "making the fourum moniez""? you deserve a fair bit of credit here, sir
Fletch_smf - ty sir. My plan was to get as many people some funds on their so they could get into some games. They are so soft that building on the rolls shouldn't be too hard. We tried this before, but really it was never going to happen until Stars and Tilt went away for the U.S. players. Then Tilt went away for everyone, which didn't hurt either.
Jordan Baker - "Fletch_smf: ut really it was never going to happen until Stars and Tilt went away for the U.S. players." <<< that was key
Sixandfour - that is true, for the fourum's sake, BF was the best thing that could have happened. FOr us individually, is a diff. story.
Fletch_smf - When things eventually get regulated, and some U.S. goverment approved sites start opening up, we need to jump on that sign up bandwagon early. That will be the financial future of the fourum.
Eric Grant - thats IF regulated sites offer affiliate programs
Fletch_smf - ^^ Of course.
Sixandfour - good point. Who knows what the rules will be when that comes about
Fletch_smf - Anyway, I think that's August finances. Any other comments/questions?
Jordan Baker - do we wanna talk about what we plan to eventually do with this money when it adds up? or should we save that for a later date (like when we have more $)
Fletch_smf - ^^ Fair question
Sixandfour - I think for anytime in the near future, freerolling about covers it. we need a fair bit of volume before anything else would be worth consideration
Fletch_smf - Now that I'm hosting the fourum as one of my add on domains, it literally costs us zero dollars to maintain it. Actually, we have to pay for the domain name, so six has some outlay there.
Sixandfour - my outlay isn't anything to concern ourselves with
Eric Grant - that should come out of the funds the site produces IMO
Fletch_smf - ^^ this.
Jordan Baker - agreed
Fletch_smf - Even just in the long term. We'll keep track of it to fix up later. It's not even $10 a year, is it?
Jordan Baker - so its agreed that once we eventually get enough money, we will use all of it (minus website fees) to host freerolls in hopes of bringing new people
Sixandfour - well, When we get rich, we'll worry about padding us up with some fat cheddar. FOr now, the fourum needs it more than I do Jordan Baker - yeah, lets not pull an AJ....yet...
Ribbybruno - lol
Fletch_smf - JB, yes. Or value added tournies, so $1.10 buy in with $20 added to the pool or something.
Jordan Baker - right. sounds good
Sixandfour - that is also a plan.
Eric Grant - ^^sounds good
Fletch_smf - The trick is, we host our tournies on Prodigy, and only Prodigy players can enter, not the other Everleaf skins. I don't know how big that pool is, because all Everleaf players are counted in the tallies you see.
Sixandfour - Cultivating the prodigy games is the goal now. Even the freerolls will likely get people to sign up, and if they get to paying rake, good for us.
Fletch_smf - What six, said. The goal is to get new sign ups to Prodigy through us.
Jordan Baker - ^that
Fletch_smf - Which is why I post a link to it in every post I can, lol.
Jordan Baker - spammer
Sixandfour - spambot
Eric Grant - forum shill
Fletch_smf - There's still a few regs at the fourum that don't have accounts, and people like Cubbies are thinking about it. So we just keep plugging away there. We had 10 sign ups in June. We now have 15.
Jordan Baker - gg
Ribbybruno - that's good
Fletch_smf - And near the end of August we were having 6 of those players logging in to Prodigy every day. Playing our tournies, and the cash games, and checking out the freerolls. So the plan is to keep building/encouraging that.
Sixandfour - On a sid note, I'm gonna post in the Prodigy competition thread...
Fletch_smf - If we've finished with the finances, this is seguing nicely into the fourum games part of the meeting ...
Sixandfour - since no one but JB and Fletch are on the board yet, I plan on offering $5 to the first non-admin to cash a freeroll.
Fletch_smf - Cool sir.
Sixandfour - a little hu for you guys here listening in
Fletch_smf - It will be easy enough for them to do.
Jordan Baker - vn
Eric Grant - I guess I should start playin a few freerolls then
Jordan Baker - ^
Fletch_smf - One in 45 minutes sir
Jordan Baker - there is one in 44 minutes
Fletch_smf - lol
Jordan Baker - signups stop in 39 mins, go
Eric Grant - in
Sixandfour - atta boy
Fletch_smf - So,
