October Meeting of sixandfourum.com Held November 8th, 2011 in Skype Public Chat.
In attendance:
Fletch_smf (Chair)
sixandfour
Patches
We made the executive decision that if only Mods turned up to a meeting, then the reports of the meeting would be held over as they are viewable in the Mod Fourum, and we would only Skype new business. The reports would then be copied in from the Mod Fourum.
FinancesProdigy ReportNumber of Affiliated PlayersRocky Cat signed up this month taking us to 22 members.
Player ActivitySome cool spikes in the No. of players on line, lining up with the regular Prodigy Games, as OTT was running. 6.87 was the monthly average, up slightly on the 6.66 of last month.
Rake EarningsA big spike in rake earnings on the 25th when twospd and I got decent sessions in. Which reminds me, good news, we got moniez from Prodigy.
$12.21 was received on the 14th of October bringing our total to $15.04. We received the news that the initial set up was incorrect. The maximum available is 55% in rake back. When our players receive 40% we receive 15% instead of the 24% we believed. We're not sure how the $12.21 relates to the 15% of what we were expecting, but we received our funds from them automatically on the 3rd of November, so as long as this keeps happening we'll be happy.
Our players generated $47.54 in rake this month, or $1.53 per day. $19.01 was paid back to our players, and our share was $7.13 bringing our total to $22.17
Payments from last months comp have been paid, with Fletch_smf paying the additional cost. We will begin using Sixandfourum funds to pay out site prizes, and hopefully from this point on, we generate more than we spend.
I have a standing agreement with Ribbyruno that he can ship me any Bananarama bounties on PayPal and I can deposit them into the winners Prodigy account. This will go quite some ways to keeping funds in our members accounts, and therefore rake being generated for the fourum. We thank him for this. And the idea of Prodigy Bounties did give us the idea for our new fourum giveaway.
Double Double JackpotWe added a bounty at the end of October that works in 3 parts. $2.50 Prodigy money goes to anyone that takes down the Sunday Double each week and the Prodigy Double each week. The Sunday Double in particularly will help people win a couple of Play chippy tournies and start a roll on Prodigy. The other exciting thing is that someone can give up the Double Bounty and go for the Double Double, which will allow them to win the Jackpot, which has started at $10. The jackpot increases by $1 each week that no-one wins, and we figure this will go on for some time till someone collects, so it should start to get up there before too long.
Each $2.50 bounty is taken from the Jackpot, but the Jackpot is always at least $10. We will see how we progress, but our plan is to generate $14 in rake each month, $10 for our giveaway, and $4 to cover the increasing jackpot. We need to generate $93.33 each month, or $3.11 per day to meet this goal. The admins are of course to cover any shortfall that is required, but we are hopeful that we will meet the target this month with our current competition requiring play at Prodigy Cash tables.
FSB October Statement:Your October 2011 Key Statistics
Number of bets placed: 105
Number of bets won: 50
Win percentage: 49.0%
Net FSB cash won/lost: -$1.18
Rank: 1,986 best out of 144,647
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Number of contests entered: 0
Number of contests won: 0
FSB Cash won: $0.00
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Friends start: 11
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Friends removed: 0
Friends end: 11
Refer-a-friend earnings: $4.06
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Ca$h Accelerator offers completed: 1
FSB Cash Earned: $0.01
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Private Messages Received: 2
Private Messages Unread: 0
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Forum Posts: 0
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