I was affected by this and I am really on the fence as to what should be the right thing do. If I have to lean on one side(probably not as close as I think it is), I don't think you should withhold his share. It further complicates an already delicate situation.

You should absolutely 100% always pay debts to whom you owe them. Anything else is pretty scummy IMO.

^ Also my opinion. I don't think withholding money is the correct thing to do. TGW would it be possible for you to post ITT? As others have commented, it's not really "your" roll left in the first place, I'm sure it's taken you a while to come to terms with, but the correct thing to do is to pay everyone back proportionally (not first come first served) from the funds you do have available. We all want our money back and I'm sure you want this squared away too, keeping lines of communication open is clearly best for all parties.

dude at least write some sort of post like..

"I have X$ of money right now, I owe X$ amount to xyz person. I play 1/2nl for a living and win at x ptbb. My plan once I send out my roll proportionatly to investors is this.. "". I plan to get staked and have the money shipped back within X time frame."

jesus write something to show us that you care at least and have some sort of plan???!!

Sorry I do care; I apologize for the lack of communication. I've had some family commitments I had to attend the past few days and have been offline/away from 2+2.

I have around 6-6500 right now.
I owe:
pofigistka 5%
rupert 2%
thinky 5%
cts 25%
itsover9000 5%
alexos 7%
HoosierAlum 8%
of 12,000. (I'm including the makeup as part of the money I'm sending back as the event was not played)

I care about my reputation, so I WILL send back every cent I owe and then some. I never once even considered running away with the money; that's not gonna happen, you will be paid back.

In recent months I've played 1/2 for the most part. It's also pretty much the only way I can make money right now, at least in a reasonably fast time frame.

Again I'm really sorry it's come to this; believe me I feel terrible. I'll pay back after I've attained the whole sum I owe.

Greatwall, tho I don't think you realize the error in your ways regarding repayment, the bolded part is pretty scummy given your investors' requests:

so you owe 6840 and have 6-6500. empty your accounts and send back everything you have. at the end of the day you will cut your debt down to 340-840 dollars. TRUST ME, this will be the best thing you can do. I know you are probably thinking this is the worst option, b/c you won't have a way to make money...but you MUST do it this way. if you go on a downer and lose 30 buyins or start to press and dump the account you will be in a much, much, much worse spot for yourself, not to mention your investors.

send, send, send, send the money. i am not even involved, but that is without a doubt the best situation for ALL parties including yourself.

you can grind up fpps for money, grind smaller cash, something to get back on your feet. trust me, it will likely turn out catastrophic if you don't send now. if you send now you short everyone a few dollars and get it to them when you can. not the worst thing to happen in this MP at all.

do the right thing, man. get everything back on track.

TGW,

Sorry to say this but you just don't get it. Everyone has posted in this thread saying that you should just pay back with whatever you have in your accounts and then worry about repaying the rest. You conveniently ignore that aspect.

Also, your latest post is as vague as your earlier posts. I am not sure how you can be so nonchalant about this. If I were you, I would just listen to what my investors are saying.

Payoff with the 6500 that you currently have and then let us know when we can expect the rest of it. Maybe look for a stake or something to get a bankroll.

You will also be in a better frame of mind to grind once you have paid off with whatever you have in your account. This could end really bad.

Are you ****ing ******ed or something?

Don't know if this helps, but if you have 6k in assets and 12k in liabilities, you are bankrupt.

It's 6840 as far as I know.

well he has 6840 in liabilities, but yeah beyond all that the CLEAR PLAY is to ship it all back. when you wake up tmrw only owing a couple hundred dollars and not $6840 you will feel 10x better. you can figure out everything else after. there is plenty of time to make money, this isn't that time.

trying to run the money up in hopes of repaying full asap is just ruining your rep more than if you paid out what you have now, and then worked out a payment plan for the rest

the right thing to do, is pay out what you have now, and then figure out how to get the rest paid up in time

the wrong, scummy thing, is to try and play and run it up, with the potential of going broke and having no money and owing a lot more

pay what you have, dont completely ruin your rep completely, if thats possible

just my 2 cents, im not involved and maybe shouldnt even post

but the OP is the type of ppl that ruin the marketplace and scare off investors of potential ppl that are legit

Ops, my bad. If I were an investor, I'd want to guarantee myself the 6k ish now, so he doesn't risk it to win back the remaining 10% ish.

btw, I'm not involved in this stake either, but have dealt with OP in past online stakes and he seemed like a nice guy.

yeah you have enough to pay down almost all of it, so do that. not close.

I don't know what the issue is at this point? Its very simple. You should immediately distribute the money you have online to all of your investors. (proportionally based on %s)

The money you currently have in your accounts is not yours....

I mean have you even read what I and the other investors, not to mention people not involved in the situation, have said? The money in your accounts is not yours. You need to send out everything proportionally.

You have been playing 1/2NL on money that is not yours (and only $6k, an extremely aggressive bankroll with a high chance of going broke, freerolling everyone) wtf.

TheGreatWall - do the right thing and pay everyone back you owe even if you dont have it in full.

hope this gets sorted out guys

think of it this way man... what if you keep running bad and then you have to come up with the entire 6840$? you have enough to pay almost everyone back right now. i hope you will realize how easily you can turn a bad situation into a nightmare. good luck getting everything sorted out.

please dont take my post as a sign of "piling on". i just felt like you could use some motivation =)

I don't get why this is even a discussion for you. You owe ~6500, right? You have ~6000. Pay them back, make an arrangement with one of the backers for that last $500 and you're in a situation that many have been in before - you'll need help rebuilding your roll. Getting a stake to do that is not difficult.

Where you stand right now all that you're doing is destroying your reputation.

dunno - seems like a no brainer to me. Originally I thought you owed 12k but only had 6. That's really bad. But now knowing that you have the money but don't want to part with it because it's "your" roll is ridiculous, imo.

OT

I like how he keeps checking the thread but blatantly avoids all advice and posts from his investors. I have said it before and others have said it too, you are not exactly helping yourself. If you think you can get away with your idea of grinding 1/2 NL with your investor's money, you are only worsening your situation. I demand that you send that money ASAP.

not sure why you aren't shipping money back but it looks sketchy as hell.

I'm beginning to doubt his claim that he has 6-6.5k in "his" roll.

Every time I've checked the thread, I've replied, believe it or not.


Like I've said, I'm not stealing anyone's money or have any malicious intent.

We're also talking around 6-800 dollars for everyone except cts. I'm assuming that's money that wont make that huge of a difference to the investors whether it's paid back within a day or a couple of weeks. Like I obviously feel shtty about not paying back right away, but that money won't make or break them while paying 6800 will just about bankrupt myself.

Obviously it's wrong for me to not pay back when I have it, I understand that. Seeing as how my reputation is totally F'd, it's not gonna REALLY make a difference now how long it takes me to pay back. I'm not gonna be able to sell action anymore, so I'm not going to bankrupt myself at the same time in addition to that. I'd lose my roll by transferring it back, not by grinding 1/2 - I have too much experience poker-wise and management-wise playing with 25-50 buy-in rolls to do that.

Just calmdown dude; you'll get your money. I could show you a screenshot, but it's not necessary. I actually have more that now (because I've been grinding and winning), but still not enough to be comfortable...soon though and then this will be over.

lol so you actually have enough to pay everyone back now but you're still holding onto it? seriously?