Cant we just wait until sept 15 to hear the conclusion, why waste time wondering...

Ray Bitar, fat **** who ran FTP and is responsible for pretty much everything that has ever gone wrong anywhere in the world to anyone.

ifrah just responded to my mail:

Trolls are trolls I put those straight on ignore list. Good riddance for trolls. Makes forum reading much more pleasant when you can just not see trolls trolling

Ownership of company with no money. Yeah that's going to work...NOT!

Value of those shares is pretty much zero.

That was talked over so much in the earlier pages that if you are interested more start digging

If investor invents up they will be putting enough money that everybody gets their money. No investor is going to be giving money AND shares for free as a bonus. If no investor comes up then shares are irrelevant as they have NO VALUE. Shares in poker site that cannot run because of lack of funds...Yeah that's going to work...I think not

+!

Knock it off.

NVG or no NVG You have been told.

Sgt RJ has (1) IP tracker and (2) Handgun training. Suggest you knock it off.

So if we take the figures from FTP's latest statement ($42M stolen, $115M frozen by DOJ), and the $128M deposit shortfall reported by S:P (of which $9M is recoverable so lets say $119M), this is how much FTP need from the investor/s?:

$119M + $42M + ($115M - a) - b + c + d = $276M - a - b + c + d

a = money frozen and not yet forfeited to the DOJ.
b = FTP money held in unfrozen accounts. (I don't expect this to be that much)
c = DOJ settlement. (payment possibly over a few years so this figure could be a low initial cost)
d = relaunch + any other costs.

Noah or someone else, any approx. figures of a, b, c and d?

Ah - then please accept my humble apologies for trying to educate you (no - srsly). In my part of the world, only the queen speaks like that (Queen Victoria I mean). Notwithstanding I respect your 'nosism' and I hope you continue to defy the nasty trolls who said it made you sound like a 'fanny [US/noun]'.

Perhaps you could clarify something for me? Am I right in thinking that the indictment you pointed me to is just the first part of a process which is resolved once the trial has been concluded? Perhaps I'm wrong but it seems to me that saying that FullTilt broke the law without the trial taking place is just speculation.

I guess my interest in this is just trying to separate fact from opinion and you argue so eloquently, it's often hard to determine whether you're just speculatin' or whether you've actually got an inside track like Noah (and Insider96 I think - where are you Insider96: Y U NO POST IN NVG NE-MORE?)

Think FTP's tax year ended 5th April. Bung in say 30% corporation tax on 12m (?) euro profits for last financial year, say $20m? Small but meh, might help round the numbers up. Need also to keep min $300m cashy available to hold off possible cashier run and to keep quality AGCC licence

I give up.. if i get my money i get my money.. if not then oh well i already pretend it doesnt exist anyways...

Is it confirmed that they only made 12m euros?? Where is that # coming from? If this is the case what the hell was their expenses and breakdown? Even with write downs on uncollectables we need to see their total revenue to get a better picture here. No one is going to pay $150 million for a company that only earned 12 million in a high risk business model.

As far as stock ownership they have a better chance IMO of getting investors in their that are not putting 100% of their dime and having players agree to part ownership in new corporation with a % of their funds and a % of their funds kept on new site...right now if I'd take that in a second versus continuing living on a prayer someone buys them out and returns my $$$ on a site I and most of you would never play on again.

Thank you. Obviously I am in a bad place right now and so are a lot of other people who dont have their money, or their consistent source of income anymore. For people who depended on that for years like myself, it would mean a lot if we could still log into pokerstars or partypoker and get back to work.

That being said it was stupid of me to express myself here the way I did. I apologize and i'll try to think twice or three times before posting anything like that again.

This word.... i dont think it means what you think it means.

You need a look at their profit, not their revenue

Props to you: Takes a big man (or gal) to apologise.
Hope it all works out for the best for you.

full tilt should bring an action against the doj because of corruption.
i am sure someone payed them to break their competition.

what a bull****, like anybody would put a cent on another pokersite now.
this **** should break the whole industry!

Its the least I could do considering how badly I resembled a troll yesterday. I wish I could undo my words typed in the heat of the moment, but I can't... actually, I can edit-delete them but, that just seems cowardly. If we get our money back i'll donate $100 to the make-a-wish foundation or something.



Why should it break the industry? One site has displayed itself above all others as trustworthy, responsible and competent. Pokerstars clearly is in a field of its own right now because of its actions and handling of the situation. Partypoker can also be given credit for playing by the rules since day 1. Rather than kill the industry, it should firmly convince everyone that proper regulation is a must have for online poker.

As for the small sites which still offer themselves to American players, thats just crazy for anyone to play there, unless they only want to play and have fun, but for me having fun means winning money at least when it comes to poker. I take the game seriously though and small sites clearly aren't taking their operations seriously if they are putting themselves out there to be hammered by the DOJ for serving the American market.

Yup none of us outside the USA are playing online poker now.......

+1 mirrion!

wp Mycology.

I could almost see Pokerstars offering the DoJ a very generous settlement, subject to assurances on re-entering the US market in say 2 or 3 years. At the very least PS will licence their software to a co. without the brief stint at money laundering. PS seem to be the first choice for many legislating governments and can now add '100% US player cashout' to that impressive package too

I just hope Ifrah has been confirmed because the inconsistencies with press releases and what he's claiming just don't seem to add up and I feel like it may possibly be some sort of cruel level.

noah confirmed that it was him in the start. also, my e-mail communications with him has been via the e-mail address I found on his company's website so you can rest assured you're not being levelled.

if this is the case then he probably has some sort of vested interest in the matter to come here and field questions by the former customers of a company he represents. it's just not a typical lawyer M.O.

I don't see why you think this. you seem to be confusing the amount of money that ftp lost in various ways with the amount of money that they need.