Thread: Life Holdings
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Old 09-30-2007, 01:33 AM   #225 (permalink)
Dan
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Default Re: Life Holdings

Hello,

Here is what’s been happening behind scenes this month.

The best outcome for this month is at breakeven and even that needs a few more days of work to be accomplished. I had a really bad week at Betfair this month. After a good start I ended up losing 8 daily Betfair ‘allowances’ (1 allowance is around 1%) within a matter of days during the second week of September. Our Betfair account has limits set on it, so I cannot lose or transfer more then x amount in one week. This is good for safety and money management reasons. I just never thought it would harm my work because I never reached it before. After I hit my losing limit for the week, Betfair kicked in and baned me for a full week, which is exactly what happened. The ban was lifted a few days ago, of course I am back at work.

Performance for September: 0% and we have to wait a few more days until I officially confirm we’re at 0%.

Status of payments

Withdrawal requests and profit payments for the month of August have not been completed. My plan to process payments has been delayed because of my losing week and 1 week ban. Payments will begin very soon - I will update weekly with our status, we are very close now. After the first large payments are settled, smaller payments will be dealt with very fast.

Regards,
Dan
Life Holdings Management
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