Google bought ITA software, a company that had a couple hundred talented employees, innovative software nobody else had, was highly profitable and not a huge scam about to go out of business for 700 million. How is it possible in any world that someone is going to drop 500 or more on Full Tilt? Save your one times for something that isn't a million to one shot.

this, buying FTP at this point is like raising after you have lost the hand -- does not make sense unless your Abramovich who has more money that Buddah (and it's not Abramovich, he's not French)

well... but its online poker so villain can always get disconnected...

seriously though: of course it is attractive you pay for the infrastructure and the know how and the potential of owning the second biggest online poker site over night (granted, party/ipoker is not much of an adversary...); the simple truth is that nobody but stars and tilt had "it" figured out before BF so there is value in buying ftp.

Just tought of another possibility (many others have already been discussed) why the potential buyer wants the site up and running after the deal is complete and not a few months after.

When is the BWIN (Ongame fishpond) player pool joining Party? Thats basically half of Ongame and its reasonable to think that many players from other skins will follow as the fish leave. Why play against basically just other regs?

The network effects would then do their work. To which extent is not sure but having the site up and running before or after makes quite a difference.

Not a single reason but may play an important role.

This just means it is 1780 again.

I mean, I don't trust FTP as an organization, but it's not like this guy is a part of FTP, he's just one of the guys hired by FTP after the **** hit the fan.

I thought I was pretty clear that people can debate his trustworthiness/motives as long as its done respectfully. I didn't mean to state or imply that I think he's being 100% truthful, since I don't know nor can I prove that he is, and also because I assume all lawyers, if they don't outright lie, at least spin things for the benefit of their client. The only thing I said that I believed he was telling the truth about definitively is that he's not charging FTP when he deals with 2p2.

Again, maybe I'm wrong, but I do believe that. You can feel free to call me gullible if you like; that's not an unfair characterization. I just think it's a little too cynical to lump individuals who had nothing to do with FTPs theft/mismanagement into the same "you can't trust anything FTP says at this point" group.

That said, when Ifrah was talking about the statement that was released either late August or early September, I specifically said that I wouldn't believe any statement without actions to back it up. I think that's an accurate characterization of where I stand in regards to FTP and those associated with FTP. Ifrah has claimed that his motive in answering questions is because he feels badly for players and wants to give them what information he can (within the limits of the client/lawyer relationship). His willingness to answer some questions here, and to respond to emails/phone calls from players that have contacted him, seem in line with that statement. You can attribute different motives as you see fit, of course, and maybe it's a case of Stockholm Syndrome, where anyone who is willing to say anything at this point looks more pretty than they actually are.

Meh, I'm rambling now.

I always thought I was in favour of free speech, but these FT threads are making me reevaluate. Of the people speculating in this thread about the value of FT assets, the likelihood an investment will go forward, how important the AGCC license is to an investor, how the AGCC actions will influence the DOJ, etc... how many of you have any background or expertise in fraud litigation? In corporate valuation in the gaming sector? In half-billion dollar corporate investments? How many of you have any inside information? If you don't know anything about law or finance, and don't have any information we haven't all read on S:P, why do you think your opinion is worth a thing?

It seems really arrogant to expect people to spend their time reading your speculation about this when your only qualification to speak on the subject is having a working internet connection.

Sorry, but our experts in international law, business acquisition, and insolvency buy-outs were all busy today.

Welcome to NVG. But I think you'd be surprised at how much good/accurate information is floating around out there. 2p2 readers/participants figured out a lot of what we later found out to be true just by hashing out what was known and what was likely.

+infinity

Totally unrelevant but I just finished my master in accounting & finance and have had a few courses about company valuation. I don't even think for a second I have an idea how much FTP is worth. Only thing I know is thinking it's for sure a bad investment with the information we have at the moment is ridiculous. We don't know ****.

Let's win a 400M flip one time.

What odds do you want to give me that a sale doesn't go through. If you think I'm hustling I'm the one who was defending FTP back in the beginning and offering to buy balances at 80c on the dollar. Despite the majority of NVG deciding with no evidence that FTP were crooks and we'd never see our money again (if they were right it was an accident and are being results oriented if they think they actually made a correct decision) not one person from here offered it to me. Yet after the fact they talked about how good they were at predicting everything from the start. Righhhhht. I'm going to need pretty good odds but clearly you think there's a one in a billion chance or something so I'm sure you'll take like 200:1 for some free money right?


1. How is it that you know all this? This is just plain wrong and you're contradicting legitimate news sources.

2. How the **** could they screw the players more? I have money on FTP and without an investor I'll probably see none of it. Do you think I'm dumb enough to give them any more money? How would not getting a license possibly allow them to **** us over more?

As I said above put your money where your mouth is. If you think the odds are that low should be easy to find a mutually agreeable number to bet at.

He had worked for FTP long before BF (not just "after the **** hit the fan"). And he never answered my question about who wrote/legally supervised the ftp statement about the funds being "safe and secure" written when he was representing Ray (i understand why he didn't answer).

Zach you can't use logic in NVG it doesn't work that way. You're just going to tilt your self.

lol sorry gonna call bull**** on this one unless you're talking about something different than what I think. When you make random speculation and accusations with no evidence yet decline to put your money where your mouth is, when you're right it's pure dumb luck. So yes NVG has gotten lucky in some of their baseless accusations turning out to be true. Don't be results oriented though. I'm not trusting NVG and I'm not going to be paying Jamie Gold for poker lessons any time soon. Both would be extremely results oriented.

Meh, I was speaking in general of 2p2 generally knowing ahead of time stuff like the fact that FTP was insolvent, but I take your point.

Did he? Huh, I stand corrected, I thought he only got involved after BF.