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JCSeelbach WSOP 10k Main Event Shares 1.15 MU JCSeelbach WSOP 10k Main Event Shares 1.15 MU

06-29-2011 , 03:01 AM
Hi all,

My name is Jon Seelbach and I am a 21 year old poker pro from East Lansing, Michigan. I've been in vegas since June 1st and have bricked the 6 prelims I've played so far. I came into the trip planning to sell 50-60% of myself in the ME but after bricking everything and losing several buyins in cash, I would like to sell 70-80% of my action at a 1.15 Markup and I think I need to sell at least 60% in order to play. I understand the variance of tournaments and have not played anything above a $1500 tournament on my own dime so I want to keep my personal investment below $2000 if possible. I know many players in my house selling at 1.2 and 1.25 markups but they are more well known in the online community and have larger samples than I do so I am willing to sell at 1.15 since I have a smaller sample of online MTTs coupled with the fact that the Main Event is only 10 days away and I will be disappointed if I am not able to play it, so I am willing to give investors a slightly larger percentage of my expected winnings in order to be able to play the tournament.

I play as JCSeelbach on both stars and tilt and here are my opr stats:

http://officialpokerrankings.com/pok...47631.html?t=2

http://officialpokerrankings.com/ful...CA283.html?t=2

My largest scores are 6th in the Sunday Million (April 2011) for $50,000, 8th in the Sunday Brawl on FTP in (Nov. 2008) for $6500, and 4th in the early $163 on FTP for $6800 (Mar 2011). I built my bankroll playing live cash games (2-5, 5-10 plo and 2-5 5-10 10-20 nlh) and was easing into mtts online this spring before black friday. I feel like my MTT skills were reaching a new level this spring while learning from nineallday00 (stars), Stanski (FTP), and cball86. Some of my other references dumdum214 and millimeterpeter and 7 year pro and WSOP bracelet winner Dean Hamrick. I'm sure all of these players will attest to my trustworthiness and skill level. I am the type to hunt down those who have loaned me money as I hate being in debt and my reputation is important to me.

I am only able to accept cash in vegas or Bank of America transfers sorry if these options will not work for you.

I have not yet talked with my tax accountant about how staking works with taxes but from reading other posts it seems I will be withholding 20-30% for taxes depending on the size of the win. I will get in contact with my accountant this week to clarify the best way to handle taxes. If anyone who reads has advice on how taxes and staking work please feel free to post on that matter. And I will then be paying investors out as quickly as possible.

At 1.15 markup:
1% = $115
2% = $230
5% = $575
10% = $1150
20% = $2300

Thanks for reading.

Jon Seelbach
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-29-2011 , 08:59 AM
Jons a good player and a trustworthy guy. He also runs really hot at flips so that should help in making a deep run!
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-29-2011 , 04:56 PM
I met Jon a couple weeks ago, and while I don't know him that well.. the few poker conversations I've had with him have been helpful. He's definitely a good investment.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-29-2011 , 06:27 PM
Jon has crushed the lansing, michigan area games for some time now (around a year now in the club on the river 2/5 $1k max game, he has played a huge variety of other games as well in the detroit area and at various tournament series') and is def a +ev investment here. I traveled with him for 4 weeks in May and he definitely improved my deep stacked game a ton, and I feel like i helped out with his MTT game (especially in terms of push fold, 3betting with <40bbs, and reshove ranges. His post flop game is much better than mine when deeper). Def a steal at this markup, i'm going to decide how much of him i buy here soon but reserve 5% for now.

I have also loaned Jon thousands of dollars short term (<1 or 2 days) and he has always promptly paid me back. I have bought shares of him in the past as well and he is a very trustworthy individual that treats poker very professionally.

BTW Jon money should be paid out before taxes are taken out and you need to have investors fill out the proper forms in order to declare their portion of the money to the IRS.

Last edited by stanski; 06-29-2011 at 06:38 PM.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-29-2011 , 08:07 PM
thanks for the kind words fellas.
3% booked stanski
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-30-2011 , 12:16 AM
Even though Jon sucks at chinese, he is a great poker player and this package is a steal. Im living with him here in Vegas and hes is very trustworthy and definitely a great bargin for anyone looking to invest.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-30-2011 , 12:41 AM
2% plz...lv cash
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-30-2011 , 05:06 AM
Quote:
Originally Posted by donkeriffic
2% plz...lv cash
booked.
donkeriffic 2% lv cash
stanski 5% lv cash

65-70% still available.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-30-2011 , 04:57 PM
res 1%..can do BoA or cash.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
06-30-2011 , 05:10 PM
2% cash in vegas
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-01-2011 , 07:10 AM
Quote:
Originally Posted by jkidd1084
2% cash in vegas
booked.
jkidd1084 2%

chipchucker 1%

I'll be playing day 2 of the binions main event tomorrow.. 55 left 72k to first. got 250k coming back at 2k.4k.500 hopefully winning some cash and then may not need to sell as much to the main...
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-02-2011 , 01:31 AM
will come in here and say that I've know and played in many games with Jon the past 2 years... hes one of thoes regs I stay away from, a very solid player worth every penny at 1.15 imo.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-02-2011 , 01:45 PM
10% reserved
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-02-2011 , 03:35 PM
res 2%, cash in vegas
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-02-2011 , 11:05 PM
5% cash in Vegas, pending your accountant saying there is no need for withholding w/ valid tax forms
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-03-2011 , 05:21 PM
jestein 10%
JDalla 2%
MUD 5%
Jkidd1084 2%
chipchucker5 1%
donkeriffic 2%
stanski 5%

That is 27% sold and around 40-50% still up for grabs.

I spoke with my accountant and in the event of a cash I will be collecting ssn and addresses from everyone when I play you out and I will not be withholding money but issuing you each a 1099 form for the amount of your percentage of the winnings.
MUD - you seem familiar with the process does this look concurrent with what you expected the process to be?
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-04-2011 , 06:54 PM
1%
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-05-2011 , 12:47 AM
re taxes- a completed w9 form from each investor is what your accountant needs (in the event of more than 5K cash, which this obv would be)
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-05-2011 , 08:06 AM
25% cash in vegas.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-05-2011 , 01:51 PM
jestein 10%
JDalla 2%
MUD 5%
Jkidd1084 2%
chipchucker5 1%
donkeriffic 2%
stanski 5%
cball 1%
rocketmist 25%

that is 53% sold and 22% still up for sale.
At this point I will be willing to play at 53% sold so I will start collecting money for shares. I'll send pms with my cell number.
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-05-2011 , 01:55 PM
ill take 2%, bank of america transfer!
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-06-2011 , 12:03 AM
2% paid!!! Boa!! good luck
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-06-2011 , 05:05 PM
Hey everyone,

I'll be at the rio around 230 sweating my housemate at the final table of the 1k... shoot me a text if you're there and want to meet up to exchange cash.

Jon Seelbach
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-06-2011 , 05:16 PM
I'll take 2%, cash in Vegas... I'll be at the 2p2 party tomorrow. Pm'ing you my number now
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote
07-07-2011 , 06:23 AM
Hey guys I'm going to stop accepting pieces as of now. I've sold 62% the breakdown is as follows:
jestein 10%
rocketmist 25%
JDalla 2%
MUD 5%
Jkidd1084 2%
chipchucker5 1%
donkeriffic 2%
x18robbase 2%
tryptamean 2%
stanski 5%
cball 1%
private investor 5%

Thanks everyone for investing.. hopefully we can make a deep run. I plan on playing day 1c. I may make a twitter just so I can update everyone otherwise it'll just be via mass text on breaks. Please get a hold of me tomorrow or Friday if we haven't already exchanged funds. Have a good day guys.

Jon Seelbach
JCSeelbach WSOP 10k Main Event Shares 1.15 MU Quote

      
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