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Old 06-27-2010, 03:48 PM   #151
kschaef987
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

Been following this and got to give credit to HIV. Bad situation but if he makes good ob it shows the kind of guy he is.
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Old 06-27-2010, 04:12 PM   #152
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)














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Old 06-27-2010, 04:35 PM   #153
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

I'm not trying to rebuild my reputation per say, its more like I feel I have a moral obligation to pay the people back who I stole from. I don't ever expect to play poker again and that whole "retirement" 4 years ago was so completely different I don't even know where to begin. At that time I had only lost money that I had previously won.

I never said anywhere that I won't communicate with people anymore, simply that I want to have my interactions on 2p2 and aim extremely limited as if not I will just fall back into the same old cycles

And finally, can people post what they think the fairest way to go about distributing the 12.5k I've sent back and the ~22k I owe is?

When I said I have 22k and need 44k, I was actually referring to money that was owed to me by people, around 10k was still owed and I had not collected it yet. So like for example, someone who owed me 3k but had not paid might end up owing another investor 500 or something...IDK the exact numbers but its gonna be a mess, so we're gonna have to come to a consensus or something and I'm fully willing to do whatever's fairest and whatever the community comes to a consensus on.
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Old 06-27-2010, 04:49 PM   #154
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

I'm glad he finally came clean and this might add salt to the wound, but is it really fair that he admits to playing all these tournaments while he is sick/overtired/lifetilting? I've backed a bunch of people in the past and absolutely would never stand for someone playing when they aren't in the right state of mind. He's basically admitting that he stood no chance at winning every time he was playing, live or online.
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Old 06-27-2010, 05:18 PM   #155
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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Originally Posted by HIV View Post
I arrived in Vegas and was feeling great about the freeroll. However I had only sold 70% at markup so had to push hard to get a little more sold. I did this after cashing at Venetian but before my 1k cash, selling 10% each to Brad and Brett, leaving 10% for myself.
before we start working out exactly what's owed, we need to verify this as it contradicts what was posted by fitz after the final 70% tally was listed.

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Originally Posted by Fitzcat View Post
HIV wanted me to post for him, as he's in the cab on the way to late reg for the listed 1k - he will take the rest himself, so all the accounting is exactly as in this thread. glgl!
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Old 06-27-2010, 06:03 PM   #156
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

yea i took the rest myself for the very first events, so i had 30% and investors had 70%

however starting june 6th, i had 10% and investors had 90%

Last edited by HIV; 06-27-2010 at 06:23 PM.
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Old 06-27-2010, 06:04 PM   #157
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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I'm glad he finally came clean and this might add salt to the wound, but is it really fair that he admits to playing all these tournaments while he is sick/overtired/lifetilting? I've backed a bunch of people in the past and absolutely would never stand for someone playing when they aren't in the right state of mind. He's basically admitting that he stood no chance at winning every time he was playing, live or online.
well i was only really sick and overtired for that one venetian event, and im always lifetilted and have won many many tourneys in the past while being lifetilted, so i dont think that really applies here
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Old 06-27-2010, 07:38 PM   #158
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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maybe because he realizes what gambling/poker has done to his life and his personality, causing him to do something he would never ever do in his right mind, which is why he has to distance himself from gambling/poker.

lol at going to the police, for a gambling debt....

hes not trying to escape the situation, he's trying to fix the situation. the best way to start is by stayign away from gambling, which has costed him lots of $.
Except this is not a gambling debt. This is akin to someone asking for money to invest on buying a house and then spending the money on something else or gambling it off. There was a verbal contract in terms of how the money was going to be invested and that was not followed. The question is really whether it is worth going to the police. If HIV is serious about paying it back then that route is probably not preferable.

I am glad to see that HIV though is here posting. I wish him the best and all investors involved. I still suggest something official is drawn up though to ensure people are paid back.
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Old 06-27-2010, 07:46 PM   #159
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

You forgot to apologize to to your backers for your f up, and for soliciting the stakes in the first place. It seems pretty clear you did not have the self control/responsibility to deal with that kind of money, and you probably knew this yourself when asking for the stake.
Props for coming clean, hopefully you can get this resolved.
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Old 06-27-2010, 08:19 PM   #160
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

lol, ok..

I'm rly, rly sorry for jumping in this but I need someone to quote me and say "yes" that there, at one point, was a picture of "someone" getting a blowy from another guy itt.

$ is on the line here obv

edit/

Last edited by plo ufo; 06-27-2010 at 08:20 PM. Reason: ^ very embarassing fwiw
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Old 06-27-2010, 08:21 PM   #161
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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lol, ok..

I'm rly, rly sorry for jumping in this but I need someone to quote me and say "yes" that there, at one point, was a picture of "someone" getting a blowy from another guy itt.

$ is on the line here obv

edit/
yes, no id who it was or if it was photoshoped or not
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Old 06-27-2010, 08:23 PM   #162
plo ufo
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

tyty. ship it! oh, and my post can be removed now as well if mods would like.
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Old 06-27-2010, 09:25 PM   #163
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

Ship this guy the 10k back and let him work small stakes MMT sng's. "Get A job"-are you serious? What skills does he have, seriously I'd be shocked if he could make more than $20 an hour. Let him play poker that is all he knows how to do-some of you backers can coach the guy (life coach as well).
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Old 06-27-2010, 10:08 PM   #164
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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Originally Posted by pjf1969 View Post
Ship this guy the 10k back and let him work small stakes MMT sng's. "Get A job"-are you serious? What skills does he have, seriously I'd be shocked if he could make more than $20 an hour. Let him play poker that is all he knows how to do-some of you backers can coach the guy (life coach as well).
Please tell me you're joking after reading his posts.

He admitted he can't be trusted with online money.
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Old 06-27-2010, 11:04 PM   #165
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

Nice customer copies. How about showing the receipts that actually mean that you couldn't have unreg'ed from said tournament.


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Originally Posted by stealthmunk View Post
If its any consolation to investors, I've known HIV for quite some time and I know he will eventually run up something/pay you all back. He is not a scumbag, just a degenerate.
Get the f*** out of here SM
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Old 06-28-2010, 01:42 AM   #166
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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Nice customer copies. How about showing the receipts that actually mean that you couldn't have unreg'ed from said tournament.
You can check the entrants lists online at wsop.com. I lolled at HIV's tentative plan to do exactly as you suggest - we would have found out immediately.

(Not to mention that there *are* no receipts that actually mean you couldn't unregister. When you play, you surrender the dealer copy. Every single poster who's posting copies of their receipts means nothing...)
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Old 06-28-2010, 07:53 AM   #167
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

When I unregister they always take my customer copy.

Last edited by ProfessorBen; 06-28-2010 at 07:59 AM.
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Old 06-28-2010, 08:40 AM   #168
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

sigh
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Old 06-28-2010, 09:13 AM   #169
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

If we assume that 90% was sold, and the total actually played was $15,030.. that means $39,770 is owed to investors, and each 1% share is therefore worth $441.88.

$10k has been returned so that's $111.11 for every 1% share that can be distributed now (or at least, once everything is verified and my math is checked by someone who knows what they're doing). This will leave a total of $29,770 outstanding, and each 1% share will be owed $330.77.

So I guess the first step is to get these numbers and assumptions verified and agreed?
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Old 06-28-2010, 12:34 PM   #170
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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When I unregister they always take my customer copy.
But customer copy or dealer copy, one could always take a picture before unregistering. Anyway, at least in the case of the WSOP tournaments, HIV shows on the entrants lists.

On another matter, I think HIV forgot my 7% on the list of buyers that totalled 70%.
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Old 06-28-2010, 12:39 PM   #171
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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Originally Posted by LostOstrich View Post
If we assume that 90% was sold, and the total actually played was $15,030.. that means $39,770 is owed to investors, and each 1% share is therefore worth $441.88.

$10k has been returned so that's $111.11 for every 1% share that can be distributed now (or at least, once everything is verified and my math is checked by someone who knows what they're doing). This will leave a total of $29,770 outstanding, and each 1% share will be owed $330.77.

So I guess the first step is to get these numbers and assumptions verified and agreed?
Yep, that's the first step. HIV has actually sent me $12k and change now, but it's going to be much more complicated. When I get the records from him I'll try to work it out. He took on two more investors for 10% each somewhere in the middle of the package, but these two did *not* give him all the money up front. Furthermore, it seems he may have forgotten my 7% when he made the list of 70% sold (and maybe accidentally sold 97% eventually!)

My preliminary calculations (ignoring the new investors, and counting his cashes) are that each 1% share originally cost $685 and is now worth $523. There is cash available to pay $164 of that, leaving a shortfall of $359.
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Old 06-28-2010, 04:27 PM   #172
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

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When I unregister they always take my customer copy.
i have two customer copy of events i had to unregister from fwiw

glad hiv is posting here and hope everything works out
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Old 06-28-2010, 06:35 PM   #173
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

****ing lame.
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Old 06-29-2010, 01:24 AM   #174
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

Nobody is getting paid back unless you get this kid back in action with bankroll guidelines... with somebody standing over his shoulder.

I'm just saying what everyone else already knows is true.
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Old 06-29-2010, 02:56 AM   #175
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Re: Comprehensive WSOP package, selling shares at 1.25 (revised)

Hiv is a good guy and a good player with emotional and discipline control problems. Some of the people who invested in him were very aware of his past and the risk of this happening. They invested anyway. What does that tell you?

If I were an investor, I would tell him to keep the money and play EXCLUSIVELY MTTS to run it up. NO CASH AT ALL. I think with his guilt and someone "handling" him, he will make the money back.
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