
Originally Posted by
BetWize Owners
Andrew
betWize had every intention of paying affiliates this month and preparations were made to begin paying affiliates.
However the main funders of betWize have pulled the funding due to a number of on-going operational issues with our services provider which resulted in us incurring losses due to unexplained inefficiencies. This has resulted in no cash flow and the operation is barely managing to tick over. We are however in the process of trying to resolve these issues as quickly as possible and recapitalise the business so we can continue to operate. The moment that betWize is in a position to continue operating all outstanding amounts will be settled.
We do understand that this is not an ideal situation for anyone and we completely appreciate the need to maintain AGD’s integrity. We would like to point out that this was not done intentionally or to steal earnings from affiliates. This is however something that we are dealing with on a day to day basis and are trying to resolve with urgency.