I really hope we get our money. I have my fingers crossed.

US govt. seized $115million over past few years, one payment processor stole $40million, $60million fronted to players that was never debited from the customers bank accounts....

"Full Tilt now says that six investment groups, including hedge funds and operators of other Internet firms, have visited Full Tilt’s Dublin headquarters and that the company has hired an unnamed financial advisor to “assist us in our search for an infusion of cash as well as a new management team to restore the site and repay players.”"

I still feel confident that Full Tilt will pay back their players. I been saying this in the beginning and still believe this now. Once they find the investor and get things in order everything will be fine.

 

Originally Posted by hawgfarmer

god kevmode you are the biggest ftp homer ever its almost comical, why on earth would you support them

I support them cause they have pretty much my entire roll. Probably why everyone else does too.Why wouldn't you hope they can come back from this? The people that don't give a shit are the ones with little or no money on there. I always believed I'd get my money but reading all the comments that are like 95% negative I'm starting to realize there is a good chance I'm going busto

 

Originally Posted by hawgfarmer

i never said i didn't hope we get our money back, im just saying why would anyone get the impression that we are getting it back after everything that has went down? ill believe it when i see it, and in the mean time ill go back to hating them for what they have done instead of wanting to hang from their balls like kevmode wants to

Read the Secret...ya hater

If six groups of investors have visited which means shown real interest and nothing much have come out of it it really doesn't bode well for FT. Either the amount that needs to be invested is way higher than officially known or their operations have some huge issues for none of those 6 to actually move ahead.

Sounds bad IMO, I want to be positive as my roll was on FTP as well but I don't have a good feeling...

They clearly played with fire by taking financial risk in a more than speculative business and now everyone is chasing the lamed company.
I guess the "sell" or investment didn't went through as the FTP owners certainly wanted more money than what it was offered and (as a stupid hunted dog) they prefer to keep FTP the way it was (hoping for something ??) rather than doing the needful to continue operating and ASSUMING the risk taken by loosing a bit part of the company.
Knowing how business goes, I feel this is the most accurate scenario (not forgetting that it is assumption base on non-complete information). To tell you honestly if it is that way, I hope they loose it all, get pursue in court and that everyone of us crossing there road will make them remember.

Please god tell me I am wrong.

Long life to Pokerstar for his consciousness business !!!!

What payment processor stole 42 million from ftp, and how? Seems like their blaming everyone else for this mess but themselves.

 

Originally Posted by McBain74

What payment processor stole 42 million from ftp, and how? Seems like their blaming everyone else for this mess but themselves.

yeah they prolly screwed them up by themselves and are just looking to make up a good story about their bs.

what certain things did he want your opinion on as a ftp customer?? Your a little vague in details in your post.

To me it all sounds like complete bullshit. They didn't know something was going to happen? Why were there like 7 straight multi entry double guarantee weeks then? Also, from the vibe of the last 2 months, are they seriously saying that "we covered loses so players wouldn't be affected"? I'm not buying it all. I also listened to a podcast with Matusow and Negreanu on quadjacks and Matusow went over some guesstimate numbers of what FTP makes and it just doesn't add up. In fact he pretty much said Bitar has it all stashed somewhere

 

Originally Posted by kevmode

I still feel confident that Full Tilt will pay back their players. I been saying this in the beginning and still believe this now. Once they find the investor and get things in order everything will be fine.

Yup, I think so too.
This is just a really slow process.

 

Originally Posted by Mournval

If six groups of investors have visited which means shown real interest and nothing much have come out of it it really doesn't bode well for FT. Either the amount that needs to be invested is way higher than officially known or their operations have some huge issues for none of those 6 to actually move ahead.

I don't necessarily agree with this. As an investment banker, I can assure you that the process has expanded beyond "dump to any buyer" to a more structured auction. FT and its investment bank obviously want to extract as much value as possible from the company and its brand name. This will involve several rounds of diligence with several (sometimes up to 10 or 15) prospective investors. Assuming diligence meetings are currently underway, we probably won't see a close on the deal for another few months. Maybe longer considering the increased legal diligence necessary with FT.

I had no problem with double guar week or the mutli entry weeks. I had my biggest cash during that week, if your whining about double guars week you either suck at poker had a bad week or both. Full Tilt made a statement and this is good news. Full Tilt is heading in the right direction and I feel they are much to big a company with a solid reputation to not come through and pay the players back. I still have 100% confidence with Full Tilt. It has only been a few months since Black Friday and everyone wants to throw Full Tilt under the bus. Lets give them some time and see what happens.

I know they were Tyson it was pretty obv, but I had no problems with it one bit. They are a business and doing multi entrys and double guars meant more rake and was a brilliant move by FTP. The players didn't have to play during the multi entrys and double guars week. No one was forcing anyone to play. I enjyoed double guars week even though in some of the mutil entrys there were some tables filled with regs but that didn't matter because I still owned that week.