Hilarious stupidity but not fraudulent. It was also unclear what point they were trying to make until someone else cleared it up. I'm actually kinda curious about what that software/company licensing the vault is. I'm guessing the company charges like $1 per guess or something, and then covers the loss if a player wins? Kind of a clever way of making a nearly worthless promotion seem attractive.

But also :
Is it really just a single envelope that seals a number worth $250K? Is there really no way to see what the number is without breaking the seal?
How does this work in the legal framework? Why do these idiots keep doing stupid **** that exposes them to investigations and raids like those blackjack tables they had in the original location?

Are there any social card rooms in the DFW area?

Used to be in Plano and McKinney but they shut down a couple years ago after poker rooms of Texas got a cease and desist letter slapped on the door.

Edit: by the Plano pd

"The Hideaway Poker Club" in Carrollton that is supposed to be opening soonish.

Will be interesting to see if Carrollton PD has more leniency than Plano and McKinney. Can see the argument for and against. Prestonwood Baptist (where I happen to be a member) and numerous other biiig evangelical churches are concentrated over there off like Hebron and international parkway, right on the Plano border. Can def see some political pressure being applied to law enforcement if these become mainstream in anyway... on the other hand the city, I believe, is technically in either Dallas county or Denton county and iirc the Collin county prosecutor is really who drove the C&D letter in Plano.

Carrollton is mostly in Denton and Dallas counties but there is a small portion that is in Collin County as well.

Has anybody been going to the Paramount social room off 290? Looks like they have been getting some traction because they are now open during the week but I cant find their tournaments schedule on poker atlas...

Haven’t been since they reopened but they have their schedule on their Facebook page. They have have $20 1k guarantees Th - Su at 2pm, and $40 2k’s at 7pm Th - Sa.

they don't use poker atlas

Finally a new poker house opening near Mint. Spades is the name of it and from there website spoken from Prime must be affiliated since they have used there name and Club info. Food and drinks and Poker. Mint still has the best action down south but there owner is and will always be a POS. Rumor is his wife is divorcing him which no one that works here blames her. Hopefully owners of Spades are true to there word on promotions if they have any. I’ve visited the Vault since it’s pretty close to me but it’s gotten a lot worse than before. They have a kid owning the place now and even SoHouston has new owners haven’t played there in a while cause they never have more than one table there. Couple of good underground games still exist down south but they still rake a ton.

Robert robbed soho ... he wasn’t promoting right ... never saw him there ... as a a manger he should have taken responsibility for the success of this place ... heard he took loans from players and stole money from owners to pay his debts ... so let’s see what new owners brings to the table ... heard they been getting good action even with two tables ... I hope it gets busy

Mike I heard he robbed SoHo the way owners robbed him also

I like the new catch phrase - THERE ARE TRUE SIDES TO EVERY STORY

I can say that rob reached out to me many times for advice - help (never asked me for 1 dime) and the stories he told me were backed up with facts that were confirmed by other reliable sources.

From the beginning I watched for any "chicanery" of buyins in tournies not being reported - collusion play by staff or friends - i spent around 30-50 hrs a week at the club - many of the staff would talk to me about issues but all in all I will say that he worked diligently but in more hours that humanly possible - many times was so exhausted could not make the drive home so fell asleep at the desk - rented a hotel room blocks away and there were times I could see that in a matter of a couple of months it was taking a toll on his body.

That being said - what do you do when you do everything you can - cutting costs as much to the bone to save your investors money - putting in all those hours and in the end not only not getting what you were promised and to be owed money you know you are not going to get?

The handwriting was on the wall as he negotiated for a new owner that he was never to see any monies owed - the club was getting weaker and weaker without any infusion of monies nor increase of advertising - you have to protect against the scenario exactly as it played out.

Was it right - no - was it wrong - yes on both sides - but in the end - the past is the past - I can understand him being extremely bitter and doing things that afterward but it is much like 5 of my 6 divorces - just a mess that you want to walk away from with both sides bloodied.

It is time for soho to move on - players love the drama but when it comes to this business - nobody is a saint - it is just a question of how much skullduggery is going to take place.

Its a tough business - everyone wants their cut and almost nobody believes in the long term view of co-operation is best for all.

To give an example a test was done on car salesman

example A of two car salesman
me - I am thinking of buying your car but I am also considering Joe over across the street
Tom - Oh you don't want to buy from Joe - he is a scum bag

1 hr later


me - I am thinking of buying your car but I am also considering Don over across the street
Joe - Oh you don't want to buy from Tom - he is a scum bag


EXAMPLE B
me - I am thinking of buying your car but I am also considering Don over across the street
Mike - Don has a good product - he is a straight shooter but I feel I can do better for you
Go see what you can do and get back with me for the final offer


1 hr later


me - I am thinking of buying your car but I am also considering Don over across the street
Don - Mike has a good product - he is a straight shooter but I feel I can do better for you
Go see what you can do and get back with me for the final offer

==================================
In the first example - both salesman did poorly for they just relied on negativity as a sales tactic
In the second example - both salesmen did well because even if they did not get that sale - at least they got the last shot and the customer would be happy to refer people to either salesmen in a pleasant sales relationship

That being said - I think its time for SOHO to move on - for rob to move on and I wish everyone concentrates on what is important - to not dwell on the past and to make the most of what hand you are dealt

Has anyone played at The Hideaway Poker Club? If so, how was the experience?

I have. I'd definitely recommend it. They had 1/2 and 1/3 on a weeknight. I believe 1/2 was $100 to $300 and 1/3 was $100 to $500 with the ability to match the biggest stack up to $1k. 1/3 has a button straddle option. Both games were NL but had a Dealer's Choice hand once an orbit. The action was good.

Your first time there it may be a bit difficult to find. My phone told me the wrong way to get there (was off by a block). Not sure why because the address shows up perfectly on Google Maps.

Based on FB posts SOHO might not be long for this world. Lots of bickering and infighting going on there

Anyone wanting to make a bad investment? If yes, here you go:

https://www.facebook.com/freerollspo...8836738229546/

https://wefunder.com/freerollspokerclubs

Current investors haven't yet to see a dime LOL -

Outstanding Debts
Lender Issued Amount Oustanding Interest Maturity Current?
Katy Investment Solutions, LLC 09/30/2018 $150,000 $160,000 7.5% 12/30/2019 Yes
Rakel Alvarez 12/31/2018 $26,200 $26,200 0.0% 02/26/2020
Russel & Jennifer Fuchs 12/31/2018 $230,000 $230,000 10.0% 11/01/2020
Manny Gonzalez 12/31/2018 $15,000 $15,000 100.0% 10/27/2020 Yes
Bruce Roloff 12/31/2018 $10,000 $10,000 14.0% 12/31/2019 Yes
Bruce Roloff 12/31/2018 $25,000 $24,000 6.0% 10/31/2020 Yes
Carol Litchult 12/31/2018 $92,056 $80,000 24.0% 01/01/2021 Yes
Carolyn Gel 12/31/2018 $70,000 $70,000 5.0% 12/31/2019
Chris Ebner 12/31/2018 $7,200 $5,000 10.0% 12/11/2018
Katy Investments, LLC 12/31/2018 $150,000 $160,000 8.0% 10/31/2020 Yes
Julian Walker 12/31/2018 $10,000 $10,000 20.0% 11/01/2019 Yes
Tristan Potter 12/31/2018 $30,000 $30,000 10.0% 12/31/2019
Rodney Derbigny 03/15/2019 $26,000 $26,000 9.0% 03/15/2021 Yes
Joe Eckford 09/17/2019 $10,000 $10,000 8.0% 11/17/2019 Ye

My god that is some of the funniest **** I've read in a while. That Wefunder site is just gold. It is a great example of how they see their poker room. No mention of attracting and keeping POKER players happy and playing but they correctly list it as the biggest risk. Nothing in the Narrative to address the absolute base of the business. This is going to fun to follow.

I like how they quietly mute the large, existential risk as #7 on the list.

In my opinion the only reason they are doing this is to pay the investors that have money due 12/31/2019. Look at their $ in the bank in their own filing and money coming due in two months. Typical Ponzi scheme.

wtf. anyone look at their financial statement?

On October 24, 2018, the company has entered into revenue sharing agreement with an individual investor, in exchange for 80,000 received. The agreement calls for 40,000 shares of common stock at $2.00 per share and 3.5% interest in gross revenue from all sources of the Company.

On December 24, 2018, the Company has entered into revenue sharing agreement with an individual investor, in exchange for $65,000 received. The Investor is entitled to receive 7% of the gross revenues from all sources. Under this Agreement, borrower grants lender a security interest in all of its business and personal property, now existing or hereafter arising, including all accounts, inventory, equipment, general intangibles, financial assets, investment property, securities, deposit accounts, and the proceeds thereof.

And they're wanting to open up 5+ more clubs

I am curious if the two agreements are separate and distinct or renegotiated by the same party - still at the minimum 7% of GROSS revenue to as much at 10.5% is quite a chunk of the company to give up. If my understanding of the balance sheet is correct - the company did 1.1 million in gross revenue and is in the black to the tune of about 41k but we don't know if that is post the issued agreement.

Update - according to the latest release they have generated 20k on the latest round of funding - will be interesting to watch.

I'm curious about the payroll the CEO or CFO will be drawing. 2018 financial didn't show any payroll expense

Yes this has always been a major way of companies to keep profits "off the books" - I believe they issued stock as non-voting shares and there are "preferred" shares that are held internally and are 100% voting shares.

This was a methodology used recently by such companies at SNAP and a few recent IPOs in making common stocks have no voting rights.