This happens to me a lot.

i had a few ppl tell me they had poker dreams and i thought it was outrageous, then i preceeded to have like 3 in a row a few weeks later

and i very rarely remember dreams as is. the odd thing is i think every dream involved live poker, but nothing dramatic/noteworthy occurs. im just folding a lot then i wake up.

I had a pretty real dream last night. I was king. Then I woke up, and I was still king!

Real **** homie

redpeemakedickhurt gettins da azzwoopin by the premisscio check shovins

No weed in Ireland?

(for EPT barcelona)
great beaches with beautiful women and temperatures in mid 80's
lots of cool things to see and do in the city
awesome nightlife
one of the softest tournaments of the year with huge live action running

I happen to have a double room for that I am looking to split if anyone is interested... PM me. Room is at Pullman Skipper (where Stars qualifiers get placed) for 6 nights. Its a nice hotel about 3 min walk from the casino, 110 euro/night each which includes breakfast and internet.

If anyone already has a place but wants to meet up there I'm down as well. Went in '09 and had a blast... Probably going to Ibiza after busting/winning main event.

que?

What's the going rate for FTP $? Might consider selling some.

20-25c

Yikes. I might as well wait it out then.

wtf people are really selling at that? I mean I bought at 80c so maybe I'm a bad judge but if I can buy some at 20-25c I'm going to pretty heavily consider it, as this seems like a steal at this point.

I don't think many people are actually selling even though the rate is that low.

So basically the buyers and the sellers are bumhunters

I'd be surprised if 20-25c was anywhere near accurate.

my most pessimistic assessment is still about .70

it's absolutely crazy what's going on in NVG, i'm convinced most of those people have nothing at stake and just want to watch everything burn

and yet that's where all the discussion is taking place

it's like holding a presidential debate on E! or something

I agree with all of the above

My original opinion from April still stands, and I still say it will be a while.

Double down now?

20-25c is market value, obv FTP is worth more than that but you have to factor in time value of money and a profit margin with respect to the acquired risk that the buyer is undertaking.

i can't even imagine what ray bitar's sales pitch is, it's gotta be the biggest line of bull**** ever, i'd really love to hear it honestly

"FTP is underwater with debt because we took everything, you can have the company if you pay off the debt that was created by us taking everything"

how do you say that without saying that?

they rake 9 figures a year for half a decade and now they can't pay us because $60 million went in without the deposits being cleared?

every deposit ever made still exists, it's sitting in the pockets of the shareholders

i really hope i'm not just being naive to believe the world wouldn't allow them all to keep that money that so obviously belongs to us

even if FTP goes under, these people still have our money, it just needs to be retrieved from them

nick predicting future and reminding us how good he is

Not sure if you heard but the DoJ took a decent chunk as well

Also what do you mean uncleared deposits are in the pockets of shareholders? They're more likely in the pockets of the players who attempted to deposit money and ended up receiving money but not having to pay for it.

Sadly, the markets don't lie. So 25 cents is probably somewhat "close" to fair value. I think this price is a little skewed because most people who would like to buy at 25 cents already have a ton of money on there (like maybe Galfond, Durrr, regs, etc). But it's not going to be *that* much higher. Not 50 cents. What I find interesting about 25 cents is that it is so low, if given a choice, I would MUCH prefer to just take the money as extra rakeback (like an additional 50% on top of the regular rakeback, so we would get close to 100% rakeback). I think most of us could make the money owed to us in less than a year, possibly two (obviously there are exceptions). Of course this assumes it will reopen to the US. I still think FT is a good buy (unless that moron Bitar thinks he needs to still run the company), and it could be a win-win if the potential buyer can pay the players back in future rake. I don't know if this possibility has been talked about, but maybe I'll write about it this weekend. Thoughts?

Anyway, I hope you guys who are buying have some contingency in your contract about what happens if FT reopens (or gets bought out) but tries to make up players balances in other ways.

Markets lie when people are misinformed/uneducated/just plain morons. This isn't like the stock market. Moreover, the fact that there are very few transactions makes the "market value" off from the true value, since there are thousands willing to sell, but less than 10 actually selling at the "market value". Since market value is determined in this case by the most ******ed/desperate people, it's very far off of the true market value. Just because 10 uneducated bads want to unload their money at .25 c $ (which there aren't even 10 of fyi, 10 was a very generous #), doesn't mean that's even close to the rate that it should go for. I'd say we're definitely 50% chance to get all of our money back eventually, most likely higher.

you should buy then

also before you chime in next time you should learn what a market is

it's just speculation, but I don't see how a deal gets done without Bitar stepping down. I also don't see why any buyer would want to accept $150mil of player debt (probably a lot more since I thought $150 was the amount of US player assets). Considering how idiotic FT management is, it wouldn't shock me if they didn't even have all of the non-US funds whole (i.e. they spent some of the non-US player's money that they weren't supposed to). Because if you were a potential buyer, would you make everyone (US and non-US) whole? The shortfall could be anywhere from $150-300mil. If it was me, I most certainly would not. But I think offering all former players a credit is a very good gesture.