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Article: Full Tilt May Give Players Equity, Receive Cash from Current Owners

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  1. Dan Dan is online now Administrator

    Posts: 5,244
    Joined: May 06

    Oct 6th, 2011 (10/6/2011 6:53pm)

    You can view the page at http://www.pocketfives.com/content.p...Current-Owners
     
  2. wackyJaxon wackyJaxon is offline Admin X

    Vilnius
    Lithuania

    Posts: 12,260
    Joined: Apr 06

    Oct 6th, 2011 (10/6/2011 7:10pm) in reply to Dan

    I don't see how this would be acceptable to 95% of the people that have money on the site. I am disappointed with this suggestion.
      1 
  3. JMaster130 JMaster130 is offline

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    Oct 6th, 2011 (10/6/2011 7:22pm) in reply to wackyJaxon

     
    Originally Posted by wackyJaxon View Post

    I don't see how this would be acceptable to 95% of the people that have money on the site. I am disappointed with this suggestion.

    yep
     
  4. Mrcashew55 Mrcashew55 is offline

    Melbourne
    Australia

    Posts: 11
    Joined: Nov 08

    Oct 6th, 2011 (10/6/2011 7:43pm) in reply to JMaster130

    Soooo let me work this out, we all get shares of a company, thats in debt to the worlds players 400 odd million.................... and we'll be offered market value for them after a set period of time...... so if the room does well we get our money back, and if by some chance they have damaged their reputation too much for people to trust them again (cos when u stick it so hard in players bums when we aint lookin it kinda hurts and all), we get a funky figure called market value.... i dont even have a hell of lot of cash tied up there and this suggestion is concerning.
     
  5. TheVillageGrinder TheVillageGrinder is offline

    United States

    Posts: 1,970
    Joined: Sep 07

    Oct 6th, 2011 (10/6/2011 7:56pm) in reply to wackyJaxon

     
    Originally Posted by wackyJaxon View Post

    I don't see how this would be acceptable to 95% of the people that have money on the site. I am disappointed with this suggestion.

    You mean you don't want to take on part ownership of a piece of shit company?

    This is a joke. Obviously it sounds like the DOJ isn't too crazy about the idea of turning over the seized money and obv the new owners don't wanna start their new business by shelling out 300MM to people who will never play on their site again, so this is what we get.

    I will say this-the guy/group that made this this deal are quite shrewd. This "conditional sale" really allowed them the opportunity to get fully inside the situation and press all the buttons and turn all the knobs.
  6. pokerjamers pokerjamers is offline

    Costa Mesa, CA
    United States

    Posts: 9,750
    Joined: Mar 06

    Oct 6th, 2011 (10/6/2011 7:59pm) in reply to TheVillageGrinder

    would be better than nothing though!!!
    299 
  7. Numan Numan is offline

    United States Minor Outlying Islands

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    Oct 6th, 2011 (10/6/2011 8:20pm) in reply to pokerjamers

    I'll take the equity and a personalized avatar.
  8. paddypump paddypump is offline

    Drumheller
    Canada

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    Oct 6th, 2011 (10/6/2011 8:22pm) in reply to Numan

    new investment from the sites existing owners? let me guess, the new owners want to give the old owners a chance to re-invest money they've already robbed from U.S. players, and all players for that matter. you got to be kidding? Extra Douchey!
  9. Ozzie Ozzie is offline

    Joliet, IL
    United States

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    Oct 6th, 2011 (10/6/2011 8:29pm) in reply to paddypump

    wait, did they say i should call the local police? for serious?

    andy griffith will get to the bottom of this.
  10. jtj03 jtj03 is offline

    Malta

    Posts: 1,574
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    Oct 6th, 2011 (10/6/2011 9:06pm) in reply to Ozzie

    w/o regulation or the abily to play I doubt any americans will want to invest....
    643 
  11. Scrantos Scrantos is offline

    Denver, CO
    United States

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    Oct 6th, 2011 (10/6/2011 9:18pm) in reply to jtj03

    Tapie also gave the Times insight into his philosophy on the gambling industry: “It’s a natural instinct to gamble. Gambling has been there for thousands of years. Gambling is something inside the human being. It’s something that’s inside of us. And online is something you can’t stop either.”

    Um, ya. I think this guy sold me a used car a few years back.
  12. opgonbad opgonbad is offline

    Morrison, CO
    United States

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    Oct 6th, 2011 (10/6/2011 9:42pm) in reply to Scrantos

    There will be more than a handful of people jumping on the class action lawsuit if this BS happens. They might want to re-think

     
    Originally Posted by Ozzie View Post

    wait, did they say i should call the local police? for serious?

    andy griffith will get to the bottom of this.

    It said contact your country police...wouldnt that be the DOJ
  13. THE__N__JM THE__N__JM is online now

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    Oct 6th, 2011 (10/6/2011 10:19pm) in reply to opgonbad

    May provide equity to players owed the most ....thats ok i guess...coz they cant afford to play players like jungleman 1 mill in cash...what happens to players owed the least?
  14. frizzlefry777 frizzlefry777 is offline

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    Oct 6th, 2011 (10/6/2011 10:46pm) in reply to THE__N__JM

    why not become a share holder those were the only people to be paid last time!! lol

    on a serious note i don't see this as a problem as long as it truly is an option and you have the choice to cash out your role if u want.
     
  15. danimal703 danimal703 is offline

    United States

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    Oct 6th, 2011 (10/6/2011 10:47pm) in reply to frizzlefry777

    And what amount qualifies you as a player owed the most money?
  16. takise takise is offline

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    Oct 7th, 2011 (10/7/2011 12:13am) in reply to THE__N__JM

     
    Originally Posted by THE__N__JM View Post

    May provide equity to players owed the most ....thats ok i guess...coz they cant afford to play players like jungleman 1 mill in cash...what happens to players owed the least?

    They recive T-shirts "knock out pro", bath robes and slippers. That way everyone will be fucking happy. Joke. It start to look more and more like a circus.
  17. norv norv is offline

    New Zealand

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    Oct 7th, 2011 (10/7/2011 1:08am) in reply to takise

    minority shareholders never have any say on what happens, even the future pricing model used to actually value their meager shareholding so wtf are they thinking.......there is no way anyone should accept this deal, they should just start up again and pay the players back from rake (5% of your owed balance each month), it will hurt their bottom line but will endear themselves to the players over the long term - and they really need to be honest right now and start earning some respectif players get fully repaid over 20 months then everyone wins and fulltilt will survive to see another day
  18. MattAKA MattAKA is offline

    Drysdale
    Australia

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    Oct 7th, 2011 (10/7/2011 1:48am) in reply to norv

    There not gonna shell out an initial 400 million for a damaged company that doesnt even currently have a license to operate. Its wishful thinking everyone will paid in full immediatly. Do the maths FTP made is executives and pros $440 million in its 7 years of operation, now with no license and immense damage is that company worth $400million upfront.
  19. THE__N__JM THE__N__JM is online now

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    Oct 7th, 2011 (10/7/2011 1:53am) in reply to takise

     
    Originally Posted by takise View Post

    They recive T-shirts "knock out pro", bath robes and slippers. That way everyone will be fucking happy. Joke. It start to look more and more like a circus.

    lol
  20. DonaldRB DonaldRB is offline

    Halfweg
    Netherlands

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    Oct 7th, 2011 (10/7/2011 7:43am) in reply to THE__N__JM

    so sick how the DOJ has like 300M seized from those crooks which is just OUR money, and won't release it.....
  21. liondani liondani is offline

    Loutráki
    Greece

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    Oct 7th, 2011 (10/7/2011 12:57pm) in reply to DonaldRB

    “The Tapies may address Full Tilt's liabilities by offering equity in a revived company to poker players owed the most money."

    TRANSLATION
    I give 49% of the STOLEN money back to the players beginning from the small rolls and going to the bigger ones until i met this 49% of the money(that is the LEAST MONEY) This 49% maybe represent more than 85%* of the players pool.Then i will give to the 15% of players total air ...company shares that "represent" 51% of the stolen money(that is the MOST MONEY) )...LOLLLLL can't stop laughing ...xaxaxaxXXaxaa sorry gyus i will continue with the post later Xaxaxaxaaaaaaxaaxxxxa....

    *CONCLUSION: with the 85% back i can continue with THEM...+BIG BONUS for my "new" company?: NOW they are involved less winning players...only fish players that can fit easier in a stadium!!! First time in history... so many fishes IN A STADIUM instead of a pool! No doubt it will be full of spectators...
    Edited By: liondani Oct 7th, 2011 at 01:59 PM
  22. bluejeep85 bluejeep85 is offline

    OH
    United States

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    Oct 7th, 2011 (10/7/2011 2:46pm) in reply to liondani

    Up until this story came out, I considered my money to be gone. If I can come away with SOMETHING here then I'll be happy
     
  23. liondani liondani is offline

    Loutráki
    Greece

    Posts: 25
    Joined: Mar 10

    Oct 7th, 2011 (10/7/2011 3:08pm) in reply to bluejeep85

     
    Originally Posted by bluejeep85 View Post

    Up until this story came out, I considered my money to be gone. If I can come away with SOMETHING here then I'll be happy

    Hope we see not many quotes like this.If i was Tapie, I would give out the minimum... knowing the most of you are happy with "SOMETHING"...
    Edited By: liondani Oct 7th, 2011 at 04:57 PM
  24. jon_midas jon_midas is offline

    Amityville, NY
    United States

    Posts: 6
    Joined: Nov 09

    Oct 7th, 2011 (10/7/2011 8:15pm) in reply to liondani

     
    Originally Posted by liondani View Post

    “The Tapies may address Full Tilt's liabilities by offering equity in a revived company to poker players owed the most money."

    TRANSLATION
    I give 49% of the STOLEN money back to the players beginning from the small rolls and going to the bigger ones until i met this 49% of the money(that is the LEAST MONEY) This 49% maybe represent more than 85%* of the players pool.Then i will give to the 15% of players total air ...company shares that "represent" 51% of the stolen money(that is the MOST MONEY) )...LOLLLLL can't stop laughing ...xaxaxaxXXaxaa sorry gyus i will continue with the post later Xaxaxaxaaaaaaxaaxxxxa....

    *CONCLUSION: with the 85% back i can continue with THEM...+BIG BONUS for my "new" company?: NOW they are involved less winning players...only fish players that can fit easier in a stadium!!! First time in history... so many fishes IN A STADIUM instead of a pool! No doubt it will be full of spectators...

    +1
    Edited By: jon_midas Oct 7th, 2011 at 08:16 PM
    Reason: head asplode
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