Alright… I’m ready for ponzi and nthompso to come on here and have their fun.  OneSeason closed down shop OUT OF NOWHERE.  Screwing all of us who believed in them long term and kept some money in SOI’s.  That is just terrible, terrible, terrible business.  I mean luckily I personally had cashed out some SOI’s along the way but I still had tons of money in the site and lots of SOI’s.  The jokes on me and the rest of us diehards who believed in OneSeason.  Geee, thanks for sending me my cash balance.  And thanks for dissolving ALL SOI’s I had.  LOL.  What a joke.  Here is the official press release.  Heck, just go to their site and you’ll see it.

We are disappointed to report the closure of OneSeason.com.

Cash balances in OneSeason accounts will be transferred to respective users by hard check mailed via U.S. Postal Service.  Reserved Cash and funds tied to fantasy games in progress have been released to Cash.  Please note that SOIs are virtual goods that existed only on OneSeason.com and therefore have been dissolved.

You can login to your account in order to view the transfer history but all other functionality on the site is now turned off.  If you have not received your check by Dec. 15th please shoot us a note.

This end of service may come as an unpleasant surprise and is certainly not the outcome we hoped to achieve.  Unfortunately we have not been able to create a sustainable business and do not have the resources to continue operating.

We hope that you enjoyed the service.  Thank you to everyone who has supported us along the way and created such an amazing community of fans exploring new ways to enjoy sports.

Best Regards,

-Mike & The OneSeason Team

So I guess this means OneSeason Trader will be closing shortly after.  It was a fun year while it lasted.  I am disappointed they handled this the way they did and I feel really bad for those of you who have not cashed out at all and were holding onto your shares.  What a bad night.

Later,
Knup

In case you didn’t get the “Facebook Message”.  OneSeason has added Facebook Connect to their site.  Here is their message:

OneSeason has integrated with Facebook Connect! This allows for new users to easily sign-up on OneSeason using their facebook credentials, makes inviting your facebook friends to OneSeason a breeze and provides the ability to publish your OneSeason activity to your facebook feed for everyone to see!

Just a reminder for you Facebook users.  Here are a couple accounts to join or become a Fan of:

1) Official OneSeason Group

2) Official OneSeason Fan Page

3) OneSeason Trader Group

4) OneSeason Trader Fan Page (brand new)

5) Betting Blogger (for your gambling fix)

Hello Traders… First of all sorry about the lack of posts lately.  I have been a vacation fool (or maybe just a fool) this summer so have not been around to cater to  your OST needs lately.  I wanted to get your input on something.

As you know, OneSeason revamped their Trading page and a few things are now missing.  One in particular is the Last 10 Trades that used to show up.  I personally miss this list a lot.  It was a lot of fun to watch the recent orders that got placed.  Sometimes you could quickly find a good buy/sell that was placed and jump on it before anyone else.  My question to you is in the poll below and on the right of OST.

[poll id="36"]

I would appreciate your input and would love to see some comments below about what you think about the new Trading page in general.

So OneSeason communicated in their weekly update email that they had some BIG stuff on the horizon that users will be VERY excited about.  What could these things be?  I ask you – what could OS do that would genuinely “excite” you right now?

Their first course of action was to open up shop to Canadian users.  I know this was a hot request back in the day but I’m not sure truly how many users from Canada were just dying to get in.  My gut tells me not many.  But regardless, it’s a step in the right direction and opens the market up to more people, which can’t be a bad thing.  So if you feel OS will start booming in Canada, but up your Steve Nash and NHL players and cash in    Any thoughts on Canada?

So I get a message from Mike Sroka yesterday asking me to check out the latest Facebook application they have created.  It isn’t tied into OS SOI’s or anything just something completely for fun.  The application is called Vinny’s Sports Book and you can make bets against friends.  You gain and lose credits as you go.  As we all know, Facebook Apps can become viral and I’m sure as this thing spreads throughout Facebook – people will notice that it is BROUGHT to you by OneSeason.com – pretty neat idea by OneSeason.  Good work Mike, DJ and crew.

If you are on Facebook be sure to check out Vinny’s Sports Book brought to you by OneSeason.com

So the Trader community has been talking about a Yao Ming reverse split for months.  Will it be good?  Will it be bad?  Will it matter at all?  Well we will know now.  Yao Ming reverse split tonight and his shares have been cut in half.  That is well over 16,000 shares off the market.  This was a last minute happening as someone decided to sell like 33 shares for 58 cents right before close.  I guess it was enough to make a reverse split happen.

So let’s hear it.  What will this do to the market and where will Yao go from here?  Discuss… From the looks of the picture above, YAOM is not feeling to hot about losing 16,000 shares!

OneSeason has fixed another issue that we at Trader and on OneSeason Trader radio have been asking for, for months.  GHOST ORDERS! OneSeason Blog states:

Moving forward, users will only be able to place sell orders for an equal or lesser number of SOIs than those held in their Sportfolio; this will eliminate repeat (“Ghost”) orders.

So what will this change do?  It will give us a more true picture of what the current market looks like.  There will not be tons of open orders out there that aren’t real.  This is great news and needed to be done.  So a few questions I still have are.

1. Did OneSeason remove the current ghost orders that are out there?
2. What about buy orders?  Can you still put in buys over the amount of cash you have?

These are a few of the questions we’ll have for Mike Sroka, TOMORROW, live on OneSeason Trader radio at 9:00 PM CST.  Don’t miss this show as we have some fun things and great questions for the OneSeason CEO!

All I can say is awesome! We have been asking Mike and crew for this for weeks (no months) now.  Big ups to them for listening to the community and taking action.  They will be resetting the IPO list to get rid of old requests.  This is straight from the OS Blog:

On Saturday, May 9th we will be clearing all IPO requests that are more than 60 days old.  Please re-request players that you would like to see issued on the system.

So what will this really do? Well, it gets players out that we truly want.  A lot of the current players on the list were requested way back in October and have no business being on top of the list.  I think we will see a bunch of MLB and some more legends creep near the top after this weekends reset.  So don’t wait.  Go out to the OneSeason IPO Request list and starting moving up the players you want.  Remember, only old requests will be removed!

Check out the commercial OneSeason is airing on some major networks across the nation.  ESPN, NFL Network, Fox Sports… Good work OS!

Here is the direct quote from OneSeason’s official blog:

Below is the first OneSeason television commercial that many users have already reported seeing! We are running this ad in various markets around the country on stations like ESPN, Fox Sports and the NFL Network. We will continue to try different times and networks to dial in our marketing efforts.

So if you haven’t seen already, check out the news below regarding the IPO submission process:

March.23rd.2009 2:33 AM Starting on Wednesday the 25th, there will be a new feature when requesting SOI-IPOs: Users will have to answer a question specifically about the player before they can put in their request. Example Question: Question: How many home runs did Ken Griffey Jr. hit in 1997? Answer: 56 If the question is answered correctly, you will be able to request the shares; if not, you may try again.

So this is obviously an attempt to 1) keep the automated submissions away.  2) Turn this more into a “game” per say.  But think about what this really does?  It makes the IPO request process more of a game in itself.  Now, when you get alerted that there is an IPO, you have to fine tune your “google” skills and search for the answer quickly.  Highly benefits us tech savy people who know where and how to find stuff quickly.

This now makes OneSeasonPRO.com not an option for submitting IPO requests. You must use the OneSeason interface.  I also think it makes reliable alerts even more important as you are not only going to need to know quickly, but have enough time to do the proper searches.

So what do you think about this process change?  Give your comments below or in chat!