September Meeting of sixandfourum.com Held October 4th, 2011 in Skype Public Chat.
In attendance:
Fletch_smf (Chair)
sixandfour
JBaker
gjecat
The entire meeting can be found in the chat. The following has been edited for readability.
Fletch_smf:What is the time there?
Jordan Baker: 11:30
Fletch_smf: ^^ Meeting called to order.
sixandfour: hi
Jordan Baker: Evening, gents.
Fletch_smf: Anybody want to say that the transcript posted of last months meeting was an accurate record of what happened?
sixandfour: no issue with the transcript here
Jordan Baker: ^
Fletch_smf: Cool. Well that's the minutes of last meeting accepted.
Fletch_smf: Let's talk about September.
Fletch_smf: We'll start with
financesif that's okay.
sixandfour: absolutely
Fletch_smf: No income from PokerStars or RaketheRake.
Fletch_smf: But ...
Fletch_smf: our members raked $66.28 at Prodigy Poker.
Fletch_smf:
http://www.sixandfourum.com/images/reports/2011-September-Statement.png
gjecat: nice
Jordan Baker: very nice
Fletch_smf: 40% was returned to our players, or $26.51
Fletch_smf: No bonuses being worked off, so we earned 24% or $15.91
gjecat: great
Fletch_smf: Our balance atm is still $2.83
Fletch_smf: We are still trying to sort out the payments from them to us.
Jordan Baker: no response from the woman darryl forwarded that email to?
Fletch_smf: So we have not received $6.66 from last months earnings.
sixandfour: no response, other than the initial response telling us basically that they're working on it and will let us know
Jordan Baker: sad
Fletch_smf: Yes.
Fletch_smf: Annoying, also.
sixandfour: it's been more than long enough since, and I think it's time for an ultimatum
Fletch_smf: I emailed them 3 times during September, and six at least a couple more.
gjecat: am I to assume their customer service sucks lol
Fletch_smf: Their customer service is actually good
Fletch_smf: Except in this one instance.
Jordan Baker: it seems tehy have quick response time
sixandfour: actually, in most aspects, that
sixandfour: for some reason, it seems they have a problem setting up their software to process our rake.
sixandfour: part of this may be the fact that darryl may have promised more than the software was programmed to handle
sixandfour: but I have heard of 44% being given out on Minted (another Everleaf skin), so obv. it can be done somehow
sixandfour: for some reason, they aren't properly motivated yet
Fletch_smf: I would like to think it can be sorted out, and once it is everything will be sweet. But perhaps it is time to set a deadline for that.
Fletch_smf: Can we keep that discussion till later in the meeting?
sixandfour: sure.
gjecat: ok
Jordan Baker: whatever you like, your excellency
Fletch_smf: lol
sixandfour: FSB is at a real money balance of 25.40, and a bonus balance of 27.40.
sixandfour: as I said last month, it's a slow earner that just plugs away
Fletch_smf: How much is that up from August?
gjecat: you still haven't caught up to me lol
sixandfour: without checking the minutes, approximately 3 bux RM, and steady bonus
Fletch_smf: And is that about the standard? $3 a month, or is more now we're playing NFL comp?
sixandfour: THe NFL gives us a boost, 2 bux is more the offseason norm
Fletch_smf: Cool.
gjecat: fsb is like a long term investment
Fletch_smf: Of course.
Fletch_smf: Still good to know it's still steadily building.
sixandfour: yes sir. It's basically a rainy day fund. one day when it matures, we'll get a nice chunk at once
Fletch_smf: Cool.
sixandfour: we have piced up 2 new members since the FTF shutdown, so that helps slightly, but growth is gradual rather than exponential
Fletch_smf: Fair enough.
Fletch_smf: Prodigy is obv supposed to be our bread and butter for the moment.
Fletch_smf: We had 13 members signed up through us on August 1 and 21 members on August 31st.
Fletch_smf: We ran our Prodigy Freeroll comp which encouraged sign ups.
Fletch_smf: Twospd, hghlndr6 and wachnpntdry joined up to play in the September competition. We also got gjecat, bunchof6 and critterbug to join along with 2 unknowns.
Fletch_smf: And chato got funds back on there, and he certainly generated some rake.
Fletch_smf: He became number two earner for the site behind me.
Fletch_smf:
http://www.sixandfourum.com/images/reports/2011-September-Prodigy.png
Jordan Baker: did twospd take over my #3 spot?
sixandfour: now if we can teach him (chato) some BR mgmt, we'll really be set
Fletch_smf: Yes JB he did.
Jordan Baker:

sixandfour: try harder
Fletch_smf: $25.37 me, $14.29 chato, $12 Twospd and $4.84 to you.
Jordan Baker: eat me
sixandfour: um yeah, yer crushed
Fletch_smf: You asked ...
sixandfour: ^
Jordan Baker: ill get it back
gjecat: you crushed me JB lol
Fletch_smf: In August we averaged 2.74 players online at Prodigy per day. In September the average was 6.66 and we peaked with days of 11 of us playing, more than half our members
Fletch_smf: Funds were transferred to lots of our members during the month, and Ribby and Critterbug both took at least some of their winnings on Prodigy as well
Fletch_smf: We raked $2.20 per day on average.
Fletch_smf: $1.38 per day would earn us $10 for the month, which would about cover us for a competition.
Fletch_smf: So if we can keep it at that, we're holding steady or growing a little bit.
Jordan Baker: more competitions are always good.
gjecat: looks doable
Fletch_smf: We hope to be running something every month for about $10 atm
Fletch_smf: If we have some extra funds we can look at a freeroll of spending some on facebook advertising. Hopefully things keep building from now.
Fletch_smf: I don't know if we'll do as well this month as last, because this month's comp isn't as Prodigy specific. But we'll see.
Fletch_smf: So for the moment we still have $2.83 in the account. And we're owed $23 or so from Prodigy.
gjecat: the competions site wise will only help
Fletch_smf: That's what we figure. And the September one was a lot of fun. We'll be doing that one again soonish.
Fletch_smf: Any other questions about our finances?
Jordan Baker: not that i can think of
gjecat: sounds completed
sixandfour: no sir, aside from touching on the prodigy issue when we get to it