Open Side Menu Go to the Top
Register
FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)
View Poll Results: Do you want the AGCC to regulate the new FTP?
Yes
1,156 56.58%
No
887 43.42%

08-28-2011 , 07:36 PM
Quote:
Originally Posted by Rundeep
Mr. Ifrah,

I'd like to restate a question that was asked before without answer: what percentage of player funds are currently available?

Also, are the remainder of these player funds currently being used to pay salaries, fees, etc?

If you could find out the answer to this I would appreciate it.
I don't know but sure I will try to find out. Quite a few people have asked this question.
08-28-2011 , 08:07 PM
Jeff, thanks for spending some time here. Please do not get discouraged by people being negative toward you. For every person voicing displeasure there are countless others who are grateful for your presence and willingness to give us any information you can.

These forums have a tendency to drive people away and it would be a shame if that happened with you.

Thanks
WoT
08-28-2011 , 08:12 PM
Please answer ZeeJustin's questions Jeff.
08-28-2011 , 08:13 PM
Quote:
Originally Posted by WiltOnTilt
Jeff, thanks for spending some time here. Please do not get discouraged by people being negative toward you. For every person voicing displeasure there are countless others who are grateful for your presence and willingness to give us any information you can.

These forums have a tendency to drive people away and it would be a shame if that happened with you.

Thanks
WoT
This.
08-28-2011 , 08:17 PM
Thanks for doing this.
08-28-2011 , 08:24 PM
Quote:
Originally Posted by Squamch
Jeff,

A couple of questions. Thanks for reading them, and I understand if you're busy with more pertinent questions to get to them. I'm not a legal mind.

First, regarding FTP's silence, I understand that they were bound by a confidentiality agreement in the exclusive negotiations. But did this really demand utter silence? Speaking for myself, I would have understood that the company was unable to go into details on their negotiations. However, it seems odd to me that a serious investor would demand total silence when that silence did daily damage to the brand. Was FTP really not allowed to say a simple "Hey guys, we're working for you" or did someone decide that no communication at all was a better strategy than minimal communication? In my opinion, FTP's silence was just as damaging as their mismanagement.

Second, is there any way a deal could be worked out with the AGCC that would allow FTP to reopen without being able to match player funds dollar for dollar? If FTP could come up with a reasonable plan and timeframe to pay back their players based on money generated through their games, to be monitored closely by AGCC, wouldn't that give players a much better chance of getting paid long-term? And if AGCC's main concern is players be paid, isn't it short-sighted of them to demand conditions that seem more likely to bankrupt FTP and have no one get paid?

Thanks again. I hope my questions are clear.
It seemed odd to me too, but that is what the investor did. I agree with your logic on your second point, but I really don't know the answer as I am not involved in those proceedings. I will ask and hopefully follow up. A lot of questions have been asked about this issue and I will see what information can be provided.
08-28-2011 , 08:41 PM
Mr Ifrah,

There are two persistent rumours about investors. The first is that prior to the Ivey lawsuit, Jack Binion was interested in investing. Have you had any conversations with Mr. Binion.

The second is that exclusivity has just ended with another investor. It has been reported that Sameer Al Ansari is representing a group of European investors. Have you had any conversations with Mr. Al Ansari?

Can you comment on either of these rumours? Do you know if Mr. Binion or Mr. Al Ansari still interested?

Are there any other potential investors that you can comment on?

Thank you.
08-28-2011 , 09:06 PM
i think we should all be thankful that Mr. Ifrah has said anything at all. He isn't getting paid to talk to us, and he has spent a lot of hours doing this ****. Not just here on the forum but talking to people in e-mail and text and on the phone. (not only is he not getting paid, he is risking his job and career with posting sensitive information)

I wouldnt blame him if he just left and never responded again with the way he has been treated by the forum.

If you dont have a new question then dont say anything at all. I dont want to sit here and read spam post after spam post....


Jeff if you could please comment on whether or not ftp intends to add a casino and sportsbook that would be appreciated!
Also can you comment on whether or not we will be hearing from the potential investors this week as well?
08-28-2011 , 09:20 PM
Quote:
Originally Posted by blackfriday415
i think we should all be thankful that Mr. Ifrah has said anything at all. He isn't getting paid to talk to us, and he has spent a lot of hours doing this ****. Not just here on the forum but talking to people in e-mail and text and on the phone. (not only is he not getting paid, he is risking his job and career with posting sensitive information)

I wouldnt blame him if he just left and never responded again with the way he has been treated by the forum.

If you dont have a new question then dont say anything at all. I dont want to sit here and read spam post after spam post....


Jeff if you could please comment on whether or not ftp intends to add a casino and sportsbook that would be appreciated!
Also can you comment on whether or not we will be hearing from the potential investors this week as well?
Now that the company will no longer be US facing, there has definitely been discussion about offering casino games in addition to poker. As for public comments from investors, that has not been their practice to date obviously. I can only assume that as soon as one of them has obtained comfort with the deal that person will certainly make a public statement.
08-28-2011 , 09:21 PM
Mr. A. Jeff Ifrah,

Toda Raba,
Merci beaucoup.

A?
08-28-2011 , 09:22 PM
Jeff is extremely approachable and tries to answer questions in the best way that he can. Everytime I have emailed him, I have got a response, almost always within 10 minutes, and he apologises for late replies! Lol

Get off his back, he is only saying what he knows without ****ing himself up in the process. You have to remember that he is a lawyer and has to be VERY CAREFUL what he says.
08-28-2011 , 09:32 PM
Quote:
Originally Posted by Blizzuff
Jeff,

I hope you take the time to read this because I think it's important that you understand what's going on here. People keep asking because you aren't really answering the question. You keep reiterating that you're here to answer questions, etc., but that's not what people are asking. People are asking about your MOTIVE for doing all of this. You said you aren't billing FTP for this, etc., so people are wondering why you're even bothering. This is what they want you to address.

You probably take it for granted that we should realize that what you're doing is just good business on your part (which is how I see it), but you need to understand how suspicious and jaded people have become around here (rightfully or not) towards anything coming from FTP or anyone associated with them. Without going into details, anything you say or do is going to be viewed under a microscope, people will read between the lines on EVERYTHING you say, and anything you don't explicitly state will be seen as "A HAH! We're getting the runaround again guys! FML it's over boys, GG FT blah blah blah". (p.s. that was a bunch of 2p2 poker slang, don't worry about understanding it).

You may not realize it, but some people are convinced that what you're doing must be part of some kind of plot to scam/lie/cheat us all out of our money, etc. After all of the silence and stuff we heard from FTP early on that never came to fruition (including YOU releasing a statement that a deal would be done "soon" back several months ago which obviously didn't happen), It's somewhat understandable.

Really, all you need to do is give us your motive for doing all of this that isn't "FTP is using me to leak b.s. to all of you to keep you all at bay while Howard and Ray continue to embezzle as much money as they can out of your funds", and you won't have to answer this question anymore. Like I said, it seems obvious to me that what you're doing is beneficial for all parties involved, both the players and FTP (and therefore your clients), but people just want to hear that out of your mouth. They may not believe you, but the fact that you keep misunderstanding the question is just fueling the fire.

BTW, I don't really have any questions for you that haven't already been asked, but I needed to clear this up. And thanks for answering the questions you have been able to thusfar.
I have to sign off now but wanted to thank you for taking the time to write. I appreciate your concerns and explanation. I write here because I believe that all of you have been caught in the middle of a tug of war and whoever is to blame is a point that I cannot debate here. To me, the bottom line is all you did is play poker. I empathize with you all because of that and I hope anything I have been able to share has helped in some way. I now have a lot of your questions in hand and will do my best to get them answered.
08-28-2011 , 09:33 PM
Quote:
Originally Posted by Hash1982
Jeff is extremely approachable and tries to answer questions in the best way that he can. Everytime I have emailed him, I have got a response, almost always within 10 minutes, and he apologises for late replies! Lol

Get off his back, he is only saying what he knows without ****ing himself up in the process. You have to remember that he is a lawyer and has to be VERY CAREFUL what he says.
+1, jeff, def try and get that statement out asap with the answers to questions you aren't sure about. Much appreciated
08-28-2011 , 09:33 PM
Quote:
Originally Posted by Jeff Ifrah
I don't know but sure I will try to find out. Quite a few people have asked this question.
Jeff,

I find this statement very hard to believe. You're a prominent lawyer. The first thing a good lawyer does is to know all the basic facts. You represent FTP in a class action suit by players to get their money back from FTP. When you were retained by FTP, wasn't it a basic fact for you ask FTP, how much money do you owe players and how much do you have? What's the shortfall?

Please do not ignore this question.
08-28-2011 , 09:33 PM
Quote:
Originally Posted by Jeff Ifrah
I have to sign off now but wanted to thank you for taking the time to write. I appreciate your concerns and explanation. I write here because I believe that all of you have been caught in the middle of a tug of war and whoever is to blame is a point that I cannot debate here. To me, the bottom line is all you did is play poker. I empathize with you all because of that and I hope anything I have been able to share has helped in some way. I now have a lot of your questions in hand and will do my best to get them answered.
Appreciate it. We all look forward to hearing these statements from FTP
08-28-2011 , 09:35 PM
Since the players are waiting for a statement from ftp, i reread some of the past statements. In the one from April 21, i quote:
Quote:
However, please know that your funds are safe and secure.
How were the funds safe and secure? If we can't trust past ftp statements, why should we trust the one we are waiting for?
Who was the legal advisor who supervised that statement?
08-28-2011 , 09:37 PM
Alright, last warning. From here on out trolls will receive infracts at the least and temp-bans are certainly possible.

The debate over the legitimacy or motives of Mr. Ifrah are over. He's already explained why he's doing this and has been verified as the real person by several people who have spoken to him personally. If you don't believe he's legitimate, or think he's trying to snow or cheat everyone, you'd better have some actual facts to back it up rather than just posting random crap about how FTP has screwed everyone ergo anyone who has ever worked for them is trying to screw everyone.

So post questions and RESPECTFULLY post your opinions about the answers that have been given or questions you'd like to see answered in the future (by either Mr. Ifrah or from FTP). But all this trolling crap stops now.
08-28-2011 , 09:38 PM
Jeff, are you able to say anything about the big names involved in this whole ****
mostly Phil Ivey, Howard Lederer, Chris Ferguson, Ray Bitar.
Where are they, what are they doing, how are they feeling,...?
08-28-2011 , 09:40 PM
Quote:
Originally Posted by SGT RJ
Alright, last warning. From here on out trolls will receive infracts at the least and temp-bans are certainly possible.

The debate over the legitimacy or motives of Mr. Ifrah are over. He's already explained why he's doing this and has been verified as the real person by several people who have spoken to him personally. If you don't believe he's legitimate, or think he's trying to snow or cheat everyone, you'd better have some actual facts to back it up rather than just posting random crap about how FTP has screwed everyone ergo anyone who has ever worked for them is trying to screw everyone.

So post questions and RESPECTFULLY post your opinions about the answers that have been given or questions you'd like to see answered in the future (by either Mr. Ifrah or from FTP). But all this trolling crap stops now.
+1
Thank christ (or SGT) for that
08-28-2011 , 09:52 PM
"Caught in a tug of War" and he can't reveal who, but he knows. Actully likely knows just about everything, but his professional position limits what he can and should say to us about all these questions! His main priority is to protect his clients! That's totally right! He is a hired gun with no ax to grind against the players, but no valid reason to be on their side either! Maybe he will get FTP to say something new, truthfull, and helpfull soon. That would be something! I hope so, but will remain doubtful!
08-28-2011 , 10:03 PM
Quote:
Originally Posted by Jeff Ifrah
Now that the company will no longer be US facing, there has definitely been discussion about offering casino games in addition to poker. As for public comments from investors, that has not been their practice to date obviously. I can only assume that as soon as one of them has obtained comfort with the deal that person will certainly make a public statement.
Somehow I had never considered this option for them going forward. It would almost certainly add to the list of interested parties and give FTP more potential value than only offering poker.

Thank you again Jeff for doing this.
08-28-2011 , 10:04 PM
Quote:
Originally Posted by striker_1
Since the players are waiting for a statement from ftp, i reread some of the past statements. In the one from April 21, i quote:


How were the funds safe and secure? If we can't trust past ftp statements, why should we trust the one we are waiting for?
Who was the legal advisor who supervised that statement?
That is a big lie right there. The player money was never safe and secure without segregating. They were lying to their customers even after BF to get deposits to hopefully cover their liabilities. They should be convicted of fraud and go to jail just based on that false statement alone.
08-28-2011 , 10:06 PM
Quote:
Originally Posted by Bene Gesserit
"Caught in a tug of War" and he can't reveal who, but he knows. Actully likely knows just about everything, but his professional position limits what he can and should say to us about all these questions! His main priority is to protect his clients! That's totally right! He is a hired gun with no ax to grind against the players, but no valid reason to be on their side either! Maybe he will get FTP to say something new, truthfull, and helpfull soon. That would be something! I hope so, but will remain doubtful!
I think it's perfectly reasonable to be skeptical of what we receive from FTP until they demonstrate (through actions, not statements or meaningless apologies) otherwise. And obviously their lawyer can't reveal everything he knows; anyone expecting that he could either understands zero about the nature of attorney/client contracts or is a damned idiot.

I think treating any information we receive with healthy skepticism until FTP backs up their words with actions is a prudent course of action.
08-28-2011 , 10:19 PM
Quote:
Originally Posted by SGT RJ
I think it's perfectly reasonable to be skeptical of what we receive from FTP until they demonstrate (through actions, not statements or meaningless apologies) otherwise. And obviously their lawyer can't reveal everything he knows; anyone expecting that he could either understands zero about the nature of attorney/client contracts or is a damned idiot.

I think treating any information we receive with healthy skepticism until FTP backs up their words with actions is a prudent course of action.
Agree 100% with the above statement.

My only comment is to go easy on people who are annoyed.

Non-answers to direct questions are extremely tilting to say the least.

Acting as if you dont know the answers to basic factual questions which you should absolutely know the answers too is extremely tilting.

I guess we have no choice buit to wait for these multiple spread out statements.

I do agree with Mr Ifrah on one point, we the players have done nothing wrong but play poker and trust FTP with our money.
08-28-2011 , 10:21 PM
Quote:
Originally Posted by Bene Gesserit
"Caught in a tug of War" and he can't reveal who, but he knows.
Good lord, he's just talking about FTP and the DOJ, calm down.

      
m