Quote:
Originally Posted by Rupert
Should just charge higher markup if exchange rates are going to be an issue. Should also charge higher markup if you think 5% isn't enough.
I also find it extremely arrogant that you think charging a massage to the stake is reasonable and although it's "only" €200 am pretty surprised you haven't undone the charge as a matter of principle. Whether it's +EV or not is completely irrelevant, the investors bought a % of your tournament action and not your massage action.
As per my last post, I agree in principle that charging things to the stake is not a good idea and can set a precedent.
However, I'm not going to apologize or say I made a mistake. I spoke to a few 2+2ers that I was out there with and all of them said I should charge it to the stake and none of them said I shouldn't; I also spoke with the largest other investor before I got it and he oked it.
I would not do the same in the future, but given the information I had at the time and the amount of pain I was in, I would absolutely do the same again.
Regarding markup, yes, I should have charged more. But I didn't. And I agreed to freeze the exchange rates at the day of the cash, and I'm sticking to it, and have as a result got shafted. I'm not using that as a justification for charging €200 to the stake, just saying that the investors got a good deal both from the markup side and from the exchange rate side, and that quibbling over a % of €200 doesn't really seem right, regardless of the size of my actual cash.
Can we drop this?