Quote:
Originally Posted by GoldenBears
Day OF the tournament, not day before, that was a typo on my part. This all happened within the span of an hour and a half before I started playing.
Sorry I didn't write a 10 page essay to Crisp on my cell phone minutes before the tournament started detailing every possible scenario and outcome, I just was juggling a lot of different investors and figured that whatever I posted publicly before I started playing would be the clearest way of dealing with it and everybody would be cool with that.
This is where the problem comes in...you just assume you can unilaterally reduce crisp's share without even talking to him as long as you post in the market place....that's quite an assumption to make when you're dealing with 100's of thousands of dollars potentially on the line - and you guys booked over pm without a thread even existing. If that was your assumption then booking 25% via pm without mentioning anything about reducing shares was definitely a mistake on your part. Crisp has no obligation to think that he needs to scan the market place in order to figure out whether his booked shares via pm have been reduced prior to a tourney beginning.
Madrid high roller overselling yourself -
Galen, I asked you explicity if you would be selling action outside of the thread for your remo/madrid package and you directly said "no, and if I do, anything sold will be posted in this thread prior to the event" .....well what ended up happening? You posted the day before madrid 25k saying you probably wouldn't be able to play unless you sold a bunch more....and then the next update is your write up of how day 1 went building your stack from 50k to 135k. Not a big deal, although an update that you were going to play the event after you indicated that it was unlikely would have been nice....untill fast forward to when you tell us after the package/tourney is completed that you sold 85% of yourself only leaving 15% of your action. Leaving yourself 15% vs at least 21% you were supposed to have is a substantial difference, and in my mind probably factored in to your play. Could it have been an innocent mistake like you said? Yes, probably. Could it have happened if you posted any side action sold in the thread....as you had said you would when asked directly? No. With only 15% of your own action the pay jumps meant even less which probably contributed to you playing a massive pot 7 handed with Benny with 4 short stacks hanging around. There was a reason I asked you explicityly if you would sell action outside of the thread....you just ignored that, oversold yourself, and then made it like "no big deal ldo going to pay everyone out it was my mistake". Are we supposed to be thankful that you are going to pay us out or something? You make no mention to the fact that you sold yourself outside of the thread - which you said you wouldn't do - and as a result oversold yourself only leaving 15% equity. I think you need to start taking this stuff much more seriously considering the money involved. Considering how detailed I was in questioning you about selling action on the side without posting, your disregard is pretty insulting and I think I lost out big time by you only having 15% of yourself, mistake or not doesn't really matter. Your assumption is that its no big deal - and as in this case, I think your assumption is pretty ridiculous.
I bring up madrid because it seems like you don't quite have things together enough to be doing so much business in the hours leading up to tourneys starting. When there is so much money on the line, the simple excuse "oops sorry I oversold myself" doesn't cut it - especially when it only leaves you with 15% and we're talking about one of the most expensive tourneys of the year.....just like your excuse "oops sorry I just assumed when we said booked over pm, that you knew I could unilaterally reduce your share without getting in touch as long as I posted in the marketplace prior to the event" doesn't cut it either.
I'd also like to point out that its been almost 2 weeks since madrid ended and you have just assumed that we have no problem waiting for our money while you fly around the world playing more tourneys....why would you think that you can just wait weeks before paying out? Your assumption that we don't need our money when you are supposed to get it to us is pretty off base - especially combined with the fact that you oversold yourself in a $35K US dollar tourney, when you were explicity asked if all action sold would be noted in the thead many weeks prior to the event. Did you ever think that for some of us, buying almost 2% of someone in such a large tourney was a substantial investment and that every detail was an important factor in purchasing your action?
You assume that selling yourself outside of the madrid thread is no big deal, even though you said you wouldn't and as a result oversold yourself only leaving 15% equity.
You assume that I don't mind waiting weeks to get paid out which was never mentioned when action was booked.
You assume you can unilaterally reduce crisp's shares that were booked over pm with no existing thread... without ever getting in touch with him.
Do you see a trend developing here? Get it together. Assumptions do not belong in transactions of this magnitude. Please start the process of paying out for madrid, I didn't realize I would have to wait weeks upon weeks after the tourney completed to get my money. The least you could have done is offered to roll over our shares into the bellgio 25k if you were going to foce us to wait weeks to get paid out which was in no way mentioned in the original deal. For you to just say to us...."oh I'm busy I'll pay you out in a couple of weeks" is total BS and I don't know why you would assume everyone has to be cool with waiting for your schedule to open up to get paid.