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FTP in exclusive negotiations with euro investors

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  1. MarkFSU1 MarkFSU1 is offline

    Posts: 3,464
    Joined: Apr 07

    Jul 11th, 2011 (7/11/2011 1:08pm)

    new news on the selling of FTP to euro investors, looks like its up to US govt to basically give the 'ok' for the deal to be done

    http://www.subjectpoker.com/2011/07/...-negotiations/
     
  2. LiquidSw0rd LiquidSw0rd is offline

    Lausanne
    Switzerland

    Posts: 571
    Joined: Nov 09

    Jul 11th, 2011 (7/11/2011 1:29pm) in reply to MarkFSU1

    pretty decent news =)
     
  3. MarketMaker MarketMaker is offline

    Herndon, VA
    United States

    Posts: 93
    Joined: Aug 06

    Jul 11th, 2011 (7/11/2011 7:06pm) in reply to LiquidSw0rd

    Has to rasie capital to pay back investors. That's a tell.
  4. TheVillageGrinder TheVillageGrinder is offline

    United States

    Posts: 1,970
    Joined: Sep 07

    Jul 11th, 2011 (7/11/2011 7:13pm) in reply to MarketMaker

     
    Originally Posted by MarketMaker View Post

    Has to rasie capital to pay back investors. That's a tell.

    We've known this for months. They even told us that themselves in the lame ass updates that ftpdoug used to do.
  5. vil1ain vil1ain is offline

    Hastings
    United Kingdom

    Posts: 655
    Joined: Mar 07

    Jul 11th, 2011 (7/11/2011 7:31pm) in reply to MarkFSU1

    I cannot see a reason to play on ftp once they are back up and running, unless the whole company is sold and they have a massive change in the way they operate then the same stuff could happen again, they have basically been using the players money to operate the business and not kept it separate. That stinks and should be a warning to anyone hoping to play on there in the future.

    I really hope that everyone gets their money from them and then just let FTP die and go away as they ain't gonna re-open to US players anytime soon or maybe never and the rest of the worlds players have safer options open to them.
  6. slammy jammy slammy jammy is offline

    Calcutta
    India

    Posts: 30
    Joined: Nov 10

    Jul 11th, 2011 (7/11/2011 8:03pm) in reply to vil1ain

    unfortunately ub still had business aftr their scandals so i think ftp will still carry on
  7. Josek Josek is offline

    Krakw
    Poland

    Posts: 71
    Joined: Jul 10

    Jul 11th, 2011 (7/11/2011 10:23pm) in reply to vil1ain

     
    Originally Posted by vil1ain View Post

    I really hope that everyone gets their money from them and then just let ftp die and go away as they ain't gonna re-open to US players anytime soon or maybe never and the rest of the worlds players have safer options open to them.

    we only get the money if theres a new investor... if ftp is bought, someone will pay hundreds of millions of dollars to poker players, which is good for us i think... why would i want ftp to die shortly after that? if ill get my money back from someone, i wish him all the best in the future
     
  8. Dan Dan is online now Administrator

    Posts: 5,239
    Joined: May 06

    Jul 11th, 2011 (7/11/2011 11:41pm) in reply to Josek

    Here's our article about the deadline for the exclusive negotiations:
    http://www.pocketfives.com/articles/...y-21st-586608/
     
  9. grandmamoneybags grandmamoneybags is offline

    Atlanta, GA
    United States

    Posts: 574
    Joined: Oct 09

    Jul 12th, 2011 (7/12/2011 2:32am) in reply to Dan

    my question is who are these lawyers getting quoted? are the breaking client privilege by speaking out publicly? Or is it this just an attempt to buy time publicly with them speaking on behalf of ftp? Or is this a genuine attempt to keep us in the loop? Seems like the L.A Times article was a bit early and a stunt to try and deflect from losing the Alderney licence imo.
  10. vil1ain vil1ain is offline

    Hastings
    United Kingdom

    Posts: 655
    Joined: Mar 07

    Jul 12th, 2011 (7/12/2011 3:43pm) in reply to Josek

     
    Originally Posted by Josek View Post

    we only get the money if theres a new investor... if ftp is bought, someone will pay hundreds of millions of dollars to poker players, which is good for us i think... why would i want ftp to die shortly after that? if ill get my money back from someone, i wish him all the best in the future

    Finding an investor and actually selling the company 100% are two different things, if any of the current management are left in charge then why would the company operate any differently? If the company is sold 100% to a completely new entity and they change the way things are done then yes its worth playing there. As it currently stands most players outside of the usa have great options for play with party, ipoker, ongame, microgaming etc so why even bother with ftp if it comes back online.
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