Pm to be sent! great damn job! can't beleive i didnt follow my gut and but more %. (Bad Beat)

GREAT JOB!!!

You let me up late last night...lol

All sounds good. You must be pleased you didn't sell all your stake! I'm fine to wait and don't mind what you do next Sunday. Let me know you email address and I'll send you on my details.

sent you a pm with my informations

Just finished shipping out the payments to everyone but Skittles, he and I are still working out the details.

1%=$200

So...

Rubbarose - Sent $1000 for 5%
Arrhythmia - Sent $400 for 2%
Birgit70 - Sent $400 for 2%
Skittles - $3000 still waiting to be sent for 15%

rec. thanks again the hard work and fast sending

I'm still up in the air about playing the second event - I need to get some things sorted out at work, but I'm hoping to play. If I play the event and cash all of you will have your % of me as planned. If I have to skip the event I will be shipping back half of each of your initial payments sometime next week.

Also, I just want to thank everyone for being willing to help stake me into this event. It takes trust to put money into stakes like this and I appreciate the trust you've shown. I'm glad I was able to bring everyone a strong profit.

I'll keep this thread updated as we get closer to Sunday so everyone knows what my plans are.

hell yes. received!

let me know whatcha plans are!

Received. Thanks. Great updates and communication.

Good luck on Sunday if you play it.

Unfortunately, it's not looking good for me to play on Sunday. I have a briefing for work on Wednesday that may involve significant amounts of work on Tuesday. Because of this, if I were to play tomorrow and make Day 2 I wouldn't be certain that I would be able to play. I apologize for this change of schedule, but I will be returning half of your purchase by Monday at the latest. Hope everyone is enjoying the return from this package and thanks for investing in me.

Side note: Skittles, get in touch so I can get you the money.

so because your nor playing the secons event our percentages should be altered. so my investment is 7.6% rather than 5%. not just returning the 26 dollar difference. It should be a difference of 500 dollars.

I responded to your PM as well, but figured others might have the same question and it's better to have discussions like this in public anyway, imo.

In the OP of my staking thread (not this rail thread), I stated that "Finally, I don't forsee any reason for me to miss either event, but I reserve the right to skip an event and refund the investors buyin+markup."

This means that since I did not play the second event, everyone will be returned the % they bought of that event and the markup I charged on that %. Since there were only two events in this package, half of your initial payment will be returned to all investors tomorrow. I'm sorry for any confusion, but this possibility was certainly stipulated before any events were played and before I decided to drop the second event.

If this seems unreasonable or anyone has any questions, please let me know. Buy-in + markup for the second event will be returned to the investors tomorrow. Again, thank you to everyone for investing.

I strongly disagree. I appreciate your hardwork and ownage of the first event but find your not playing and not therby modifying the percent to be unethical. This could be contrued by many circles very poorly.

Imagine a situation where I was playing 10 events of the same buy-in. Won big in the first tournament and had a family emergency that caused me to miss the remaining nine events. If I sold 50% of my action for all 10 events, by your logic I would be responsible for paying out well over 100% of my action on the first event. That is non-nonsensical. You agreed to purchase 5% of my action, with the explicitly stated caveat that the amount of my action was subject to change. This is exactly the same as if I were playing a rebuy tournament and you purchased 10% of a package with up to 6 rebuys. Your % does not increase as the number of rebuys I use decreases. You're simply refunded the appropriate money for the unused rebuys.

I don't want you to feel like I am somehow screwing you out of money I owe you, but this seems like a simple situation to me that was clearly outlined in my opening post and which I repeated several times leading up to the event I was unable to play. Using your logic it would have been hugely profitable for me to buy in to the event for $560 and simply be blinded away. Instead, I am returning to the investors the unused buyin + markup as stated at the start of this investment.

I would greatly appreciate if any other investors or 3rd-party lurkers, particularly those with credibility here in the marketplace, would chime in with their opinion. I think this is a pretty standard practice.

This was not a 10 event package where you stated you were going to play both. Your choice to go this route. I disagree. Sounds as if you knew you were not going to be able to play the second event anyways...? Why was it included?

actually as much as i would like to have my % also increased for the 1. event, i think that op is right by just returning buy in and mark up for the second tournament.

He clearly stated it so in his first posting, and actually i have never seen it done any other way than returning buy in and markup for unused buy ins.

The only times i can remember that an incrase of % hapended was when op's didn't sell all there action and then simply leave out some tournaments to pay all the other buy ins but that is stated before tournaments start.

So rubbarose as much as i would like to agree with you on this i think op is doing the right thing.

if you nenver intended on playing the 2nd event it should never have been included and my 5% should be applied as 7.5%. it is not standard to sell 2 events with the intention of not intending to play the second.

OP's choice as he holds the cards literally.. i disgree and do not understand selling a 2 tourney package with no intent of following through.. changes the entire structure and intent of original sale. this was not a series of 10-15 events this is 2 weekends. if this was intended as a single night i would have bought larger, but meh...

is all i have to say.

I was using a hypothetical situation to illustrate how your argument breaks down under different circumstances. I was fully expecting to play both events. When final tabling caused me to miss two days of work instead of one (Played until 4:30am, I didn't make it back to Philly until 8:15am with no sleep), I warned all of the investors that it may complicate my ability to play the second event because it would be hard to miss 4 days in two weeks if I were to final table the second event. After that I received word that I would have to help prepare a briefing to be given on Wednesday making it impossible for me to commit to being available for Day 2.

Given those circumstances I decided to cancel the second event and appropriately refund the investors (Money coming tomorrow, I haven't had a chance to send it today). By your logic, because I decided not to play this $560 event, I owe $5200 to my investors - that is ridiculous.

I apologize that you're upset that I wasn't able to play the second event. I'm disappointed too - it would have been hugely +ev for me to play. Unfortunately that was a possibility that I outlined in my opening post along with the actions I would take if that were the case. I assure you this was not my original intention and I stand to gain nothing from not playing the event. I actually lose money by forgoing the markup I charged to play the event.

This I do understand and sympathize with. You were expecting to have two tournaments worth of equity and might have decided to buy 10% if I had only sold action to one tournament. Unfortunately, there is sometimes a degree of uncertainty when it comes to committing to playing a tournament several weeks in advance under a stake and a protocol has to be put in place if events out of my control cause me to change my plans. I put that protocol in place and clearly stated my plans in the opening post you read before you agreed to purchase your shares. I'm sorry the structure of the package had to change and that you feel you lost value because of it. I lost value too.

I fully intended to play both tournaments and apologize that I was unable to. I'm not sure how you profess to know what my intentions were, but your assumptions are off-base.

I'm heading off to bed, but I will make sure to check in throughout the day tomorrow to continue this conversation and answer any questions. Also, investors can expect the buyin+markup for the second event returned tomorrow.

meh... your choice dispponting your choosing to go this route.

while your words ring empathy and slanted logic your actions do different. gl and rest well.

OP is correct here. He's been honest all the way through. Obv I'd like more cash but he's stated he might not be able to play the 2nd event numerous times including the original post and kept us up to date throughout.

yeah, and one last word to rub: what would you have said, if he had not made any money in the first event, then did not play the second and told us, not to refund anything but just to increase our percentages in the first event.
I would not have liked it.

Thanks guys. I really appreciate you chiming in. And Rubba, I apologize again for the confusion.

Will post later today once the final money has been sent out.

I have asked Zetoran unless he chooses to make this correct to donate my "refund" to a charity of his choice.

Buyin+MU has been shipped back to Birgit and Arrhythmia. Already hit my $1000 limit on Stars by sending to Skittles yesterday sometime, I have an email in to support to increase my limits so I can settle up with Rubba and Skittles this afternoon.