How about honesty and some straight answers!

Two things :

1. - playerone, hire RobT and pay him in pins ...preferably every version of Tron...

2. - JJP just lost a customer in me, Aussies aren't penises, stop jerking them around like a 12yo with their first copy of Hustler.

JJP has just announced a new WOZ-VE to be made before finishing the current production run. Limited to only 2014 machines. He's accepting pre-orders now.

I'm J/K. Can't believe this is gone over 600 posts. Thought it'd be locked up by now.

Proceed...

If I was jack, I'd just follow his lawyer's advice and put the money in a fund held by the state and let the lawyers do their thing.

If I was Jersey Jack I'd probably stick to my word.

I do not believe what is being posted. Are we to believe that this is the first time someone from "Legal" has looked at the situation? I do not believe that for a second. A promise was made to provide the machines in a couple of weeks. A couple of weeks go by and poof, complete 180.

Now a documents needs to be provided, indemnities etc....As an outsider, I see it as more stalling pure and simple. Heat was getting too hot, so an attempt was made to dial it down. I expect that whatever documents the aussies provide, they will not be acceptable. Anyone who takes comfort in the recent postings is kidding themselves. Its another stall. If the money were put in an Aussie's lawyer's trust account pending completion of the release/indemnity agreements then there is something. But this simply sounds like another empty promise to be broken in due course......Put the money up in trust, that would be a sign of good faith and serious negotiation......Good luck guys in Australia. You should not have to deal with this.

Not sure if I'd trust the opinion of the guy who spent $5k on socks the cat.

Have you done this?

Ha! What about the guy who has the world record for a sold video game??

If you even had a clue what I've been offered for Socks you would probably retract that statement, pretty effin quickly too...Open mouth, insert foot.

lol...really???

Simple.

The "right thing" is to do what you PROMISE!
JJP promised to build 22 games back in the Fall.
He promised (very publicly here) again about a month ago.

Either DO what you PROMISE, or
Don't PROMISE what you cant DO.

How can this be simpler? It might be sadder that folks don't "get" this concept either.....

alternative is to admit you overstepped your boundaries and correct it by being explicitly clear on what the plan is going forward and then make good on that plan.

So, $120K has been sitting in a bank in Jersey collecting interest for the last 2-3 years? Hmmmm, that could be worth $150K now. Maybe that money should be divided up equally and given back to all the people who bought into WOZ. Maybe then these guys could get half their money back so it wasn't a total loss?

All I can say is that you Aussies that have been ripped off should make separate claims against JJP in New Jersey courts and force them to put the money in an escrow account. Then you can give a lawyer half of what you've got coming from that fund to get it in hand. All other ideas are from dreamers who don't know how the legal system works.

JJP will do absolutely nothing until they are forced to.

Wow, you have to give me the name of your bank.

My "high interest" savings account is 0.7%. That would be <$3000 in interest over 3 years.

The customer is always right.
Honesty is the best policy

Its up to the aussies and jack now to work out a deal. I hope playerone continues to update us, if not on public forum, then in private. I wish them the best.

I should be your math teacher. That's $30,000 in interest.

My bank is Stoneham savings in Stoneham, MA. My money sits in their special savings account collecting 5% interest.

My suggestion....find a better bank bro.

BTW, when you have over $100K to drop in a bank, you get a much higher interest rate. The more you drop in a bank, the more interest you'll get on your money. Look into it. Just some friendly advice.

lol..... yeah.... you should be his math teacher....

might want to check YOUR math.... "just some friendly advice"

classic.

Wow!. Just wow.

LOL

Contact a lawyer in Jack's local jurisdiction and have him send a demand letter for refund in full or threaten to form a class that will sue for punitive damages. Problem as solved as it can be for the first couple of victims to do it.

I can't believe that I am the only person who knows this on this board.

Really? By my math, $120,000 x 0.007 = $840 x 3 years = $2520. I rounded up to $3000 to be conservative and take into account the extra gained by the interest compounding each year. Where is my mistake?

5% is crazy high for a bank. If I kept much money in savings I would be sending my money there.

Check it out for yourself. That's why I gave you the bank name. My money has been in there for years.

Clearly no one here has the legal knowledge and skill of you. You have had a lot of classes certified for suit, then? You are suing for punitive damages without gross negligence evidence pretty often?

I hope it's a cheeseburger or pizza hat for your sake

And don't forget, when you put $1,000 in a bank, of course you're going to get 0.7% interest.

Get this...When I started my savings account with them, their offer was for a 5% interest savings account no matter how much you put in there. Like I said, I've had the account for years.

lol... this gets even funnier.... not only did he screw up the other guys math- he doesn't even know what his own bank is paying him.... his "special savings account" is earning him .05% thats .0005!

LoL.

https://www.stonehambank.com/current_rates/personal_account_rates/

They would be dismissed as not having standing to file claim. The only party that could file a claim against JJP would be Bumper, and Bumper ain't around.

I will, thanks for the heads up. At that rate, I'll make the drive up and open an account. I think we're less than 2% here, but my wife is in charge of the money.

Didn't screw up on the math. JJP said he put the $120K in the bank. I said at the interest rate that he probably got for dropping in that much cash growing untouched for 3 years, maybe it's at $150K now. That's the $30K.

Oh, and I never said .5 or .005. I said...5% or 5.0%.

I checked on line,CD's 2%, might as well stay here

Stop it!! Go read the other posts. Your bank is only giving you .05% NOT 5%. Nobody is getting that much right now.

My account with them is not a CD. It's a straight savings account.

I'm glad to take the pressure off JJP now. LOL

I promise you, I started my account there probably 8 years ago and it was a straight 5% interest rate on new savings accounts. That's why I gave you the banks name. If I was lying, I'd NEVER say the banks name.

I knew it!

A plant to take the heat of JJP. Just when you thought HE was the worst money manager- pinfidel comes along!

btw- in case you're still struggling with the whole "decimal point thingy", $120K is your super special savings account would have netter about $190 in interest.... after 3 years!

I prefer the "JJP/bumper savings method."
Start with zero dollar, wake up with $120K of mad money a few years later

https://www.stonehambank.com/products_services_rates/current_rates/personal_account_rates/#savings

So they're giving you 7-10x the going rate on 100k? Yeah, I'm not buying it.

While that would be the right thing to do, at what point do you stop believing what is being said? He has been clear plenty of times, and when it is time to "pay the piper" he has clearly changed his tune.

Jack is and will always be a salesman. I have zero doubt he has complete faith and passion in his product, but have all the doubts in the world he should be in any other position than being a salesman for his product. He needs to give all PR and operating duties to those who are qualified to do them.

Guys, Derek AKA "pinfidel" AKA Straight Pimp is prob the nicest guy on this board. Wouldn't surprise me if he decided to take some heat for JJP since he'd give you the shirt off his back.

Trufth

Now, if you had a 10 year cd from 8 years ago, ok. No one can put 120k into a bank savings account in the last three years and come out with 150k.

no kidding. if i went there with 100k and asked for the 5% special savings account they would laugh me out of the place.

Man, just having fun with your post. I dont think you were "lying", I just think you read the tables wrong.

Right now, 1% is a MASSIVE return rate.... more typical is like half a percent or less.
Your return rate is 1/20th of 1 percent.
Not sure? check your statement.

LMAO!!! I do NOT do the finances, my wife does. I NEVER check my money accounts or investments. My wife handles it. I called her to ask her about the Stoneham Savings Bank savings account we had set up years ago and where it was at. She just told me...Honey, SSB closed almost 2 years ago. I took it out and switch to our new bank. LMAO!!! BUT, she did say that YES, it was a savings account that gave new customers 5% on their money that they put in their savings account. BUT, she also said that the 5% was on your first INITIAL deposit. Not every time you added to the account. She also said that we opened that account about 10 if not 12 years ago.

That is the 100% honest to God truth. I was not trying to lie or exaggerate in any way.

On another note, thanks, because now I know my money is no longer in that bank! LMAO!!!

good save.

That is too funny. Thanks for the update.

no worries pinfidel, my wife handles it all too. She worked in a bank for years and knows how to shop around for the best deals.
as a kid, it used to be fun to go to the bank and see how much interest you got.. heavy heavy sigh....

I am trying to figure out why I am still reading this thread...