I did know he shipped the Wynn, in fact my brother was at his final table and I bought his action because of his impression of tmay. At the time I had no idea this thread was so old, I thought it was posted after the Wynn classic was over. Obviously, if I realized it was an oldish thread I would have been more skeptical about action being left.

Anyways, ill talk to him after the tournament is over.

Again, if I were Tim I would ask a favor from the extra investors to reach some kind of compromise, as there are some gray areas surrounding this sale that you outlined in your post.

But the time to compromise/handle this better has passed, and I maintain that Tmay should be prepared for the worst and just live with the mistake.

The problem is the standard in this MP does not call for a buyer to have to confirm the action if:

1) the amount for sale as stated in the OP has not been reached if you follow the thread

2) the seller has not explicitly closed the action in the thread before the amount for sale has been hit

3) the buyer posts his amount he'd like in the thread

and most important

4) the buyer ships the correct amount for the piece he bought in the thread before the MTT starts.

that is the way this MP does its business in general. i'm not saying it's the most optimal or efficient way to do things, but if tmay is going to sell action here he's gotta play by the rules.

all that said i agree there is no way tmay was angling and if this had been addressed earlier it's possible a compromise could have been reached where all parties were happy.

i have no idea what's going to happen now if he cashes.

This is gonna be interesting to watch once tmay wins...

I'm not really sure why there's 3 pages of discussion on this. I like tmay and I don't doubt his intentions, but this isn't a matter of intentions and nothing anyone has said has been even remotely relevant.

It's not just mt opinion, but as someone who buys action regularly, it's unquestioanble this action is booked.

The marketplace see 10,000's of dollars (or more) move around every day on based on little more than a few words in a post. People outside of the community probably think its insane (my father's always harassing me to get contracts written up) but it works b/c the community is tight nit and sellers place high value their own integrity.

I'm honestly surprised tmay would even post that kind of retraction.

uhh because tmay said they didnt have action so of course there is gonna be discussion.

sorry charder30, i was unclear.

I meant 3 pages of people saying why tmay might not be on the hook here. I guess b/c he hasn't posted a reply there's been so much discussion.

I don't think he was at all trying to angle here, but the 13% is for sure booked. Sucks that he handled it this way. Hopefully he makes the right decision and pays it out and marks it up as a lesson learned.

I dont think this happened here, but in the future what if someone can prove they sold more then 100% bc of something like this?

Then that person would playing for less than 0% I think?

You make some good points and I didn't realize that this is exactly how Marketplace works, have yet to do a deal here. ****ty spot! ugh

If this happened, and it was realized before the horse cashed, then obv. the buyer wouldn't want his %, because there's no way the horse would want to/ be able to play well knowing he oversold, so it would be in both of their interests to cancel the buyer's %.

What if it was discovered on day 2?

I would definitely side with the backer in this instance.

Edit: And by that I mean his share is good. However, the same problem still exists where the horse has a negative-incentive to play well and go further (because he would lose money the more he won, lol) so I think a buy-out for the remaining equity would be what should happen. So the backer should get his money (his percentage x amt. cashed for so far) and then you figure out future equity and he gets a buy-out.

you'd hope in that instance that reasonable minds would come together to find some compromise that worked.

I'd think it's a rare situation where an overbook happens by someone shipping for some decently large percent that they are unaware is no longer available. again a reason to update with exact percentages sold/left and simply freezing/closing pending the time to take another look.

the key in every issue that arises is communication- even if that means saying "am aware, not sure on thoughts right now, listening" or something like that.

maybe should become more standard as you approach the number you were thinking of selling to make a post saying "any potential future buyers must contact me first to assure availability" even if it means you risk falling just short of your ideal sale number in some cases.

good luck in the rest of tourney and this.

I dont want to take the time to read all of these posts alltho im sure most are legitimate. I was on the road w/o internet for a week after my thread went idle for 4 days. After 4 days i figured all people wanted was 4 percent there ya go. Then a win a tournament and get sneak attack pieces bought when it is obviously unclear whether or not i still had action left or whether it would be booked. The fact that i answered one guy its booked if you ship doesnt for a second mean hey if u ship and post on this thread at any point ur booked. I do feel some guilt for this situation alltho i have only sold 3 tournaments on here and didnt think to closeout my thread after 4 percent was bought over 4 days. If this was reversed and i bust and ship back these guys are in the clear but in this case im the heavy. For my mistake(which i was going to offer at the beginning of day 2) I will offer a .5 percent freeroll and 1 percent freeroll(which includes the wsop freeroll i qualified for)to the 3ball and 10ball that was "reserved". The fact that im doing this is not an admittance of guilt but simply a way to rectify the situation. I havent looked at any of the thread because i am trying to focus and win a tournament for myself and the people that have invested in me. If this offer is not to the liking of the "plaintiffs" take me to court im hoi.

Well at least he handled it professionally.....

sigh...sneak attacked

lol

pretty sure you should actually read the thread and respond.

congrats on doing irreparable damage to your so far unblemished reputation tim, for being such a sick mtt'er you sure a ****ing dolt!


edit - i also think the "friends" of tim that are in this thread arguing that he doesn't owe money or owes some kinda of bull**** .5% freeroll are doing him a huge disservice and being very irresponsible.

FWIW, the only time I was in OPs shoes I pretty much did the same thing. (slightly different, the guy was one of my best friends in poker and I slept his text message)

I called him midway through day 2 letting him know that in no way I considered the piece booked, I would never have taken his money and that I had already sold his share to someone else.

I'm biased because I friends with Tim, but I would be completely shocked if he had any malicious intent here

any time someone is "hella over it" after doing 0 reading of suggestions itt that seem real you come off as a complete douche. Jus' sayin

kingdan, read up in the thread, nobody is accusing him of malicious intent

wtf is im hoi?