Winning Player Fergwrx WSOP package - Page 9 - Selling Shares

I UNDERSTAND PTP IS NOT GOING TO PAY ME, OBVIOUSLY. im saying they have no right to take his money and cover theirs and their investors ass when its just as much ours as urs. jesus christ

they can NOT take his money. it is solely dependent upon Ferg shipping what he has.
any money they do receive from Ferg, will go to cover his investors on PTP, and he'll have to deal with you guys on his own. You obviously can not expect PTP to police 2+2 as well.

to further that...PTP in my time their has never kept more than what someone owed on PTP. any remaining funds are shipped back to the horse.

i understand being tilted at the situation, but really, be tilted at that which the tilt came from, not a staking site that has nothing to do with the discrepancy.

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08-11-2010 , 05:22 PM

#202

jimmyc123

Pooh-Bah

Join Date: Jan 2009 Posts: 3,884

i agree that it should be treated fairly and we should cooperate, tahts all ive been saying my god, ur guys agreement of fair is you ptp investors get all money split equally and we get nothing until ferg pays you back everything. ?????

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08-11-2010 , 05:23 PM

#203

jimmyc123

Pooh-Bah

Join Date: Jan 2009 Posts: 3,884

k im done on this subject

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08-11-2010 , 05:23 PM

#204

vedder1980

journeyman

Join Date: Apr 2008 Posts: 368

Quote:

Originally Posted by jimmyc123

I UNDERSTAND PTP IS NOT GOING TO PAY ME, OBVIOUSLY. im saying they have no right to take his money and cover theirs and their investors ass when its just as much ours as urs. jesus christ

So if ferg comes into this thread and says i have 20k in my account and am going to pay off my 2+2 investors that you would instantly come over to ptp and say hey guys ferg payed me 'x' heres your share of the total rolled funds.

Glad to hear it.

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08-11-2010 , 05:26 PM

#205

jujubeez

newbie

Join Date: May 2008 Posts: 20

Quote:

Originally Posted by jimmyc123

Kind of the opposite of the we should get the money first and ptp fights for the scraps now isn't it. I mean that is what you wrote not 10 minutes ago.

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08-11-2010 , 05:34 PM

#206

hoodskier

Pooh-Bah

Join Date: Apr 2010 Posts: 5,149

Quote:

Originally Posted by jimmyc123

This is not at all what they were suggesting, they were merely trying to shed more light on the situation and how PTP works. PTP does not have the ability to take your money so don't worry about that.

Quote:

Originally Posted by vedder1980

Quote:

Originally Posted by jujubeez

Kind of the opposite of the we should get the money first and ptp fights for the scraps now isn't it. I mean that is what you wrote not 10 minutes ago.

This is really starting to de-rail this thread.

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08-11-2010 , 05:40 PM

#207

jujubeez

newbie

Join Date: May 2008 Posts: 20

the only reason i got into this thread was to shed some light on the online mtt bap. Their seemed to be some confusion as to how much he owes and I wanted to show how extensive it is. I never post on this site but was only trying to help.

If anyone derailed it you can think jimmyc123 because thats whom vedder1980 and I were responding to. I think he thinks ptp has a magic button that takes all his money and gives it to ptp.

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08-11-2010 , 05:44 PM

#208

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

boys there's no need to fight with each other, be mad at ferg instead

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08-11-2010 , 05:46 PM

#209

vedder1980

journeyman

Join Date: Apr 2008 Posts: 368

Quote:

Originally Posted by augie_

boys there's no need to fight with each other, be mad at ferg instead

^^^^^

Smart man.

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08-11-2010 , 05:48 PM

#210

vedder1980

journeyman

Join Date: Apr 2008 Posts: 368

Quote:

Originally Posted by TheDudeAbides.

there is a lot of confusion that needs to be cleared up here that the ptp'ers are ignoring

ptp has a policy of distributing money proportionately to what they have (i.e. if they're holding 1/5 of the funds, all investors get 1/5 of their money back)

all funds in ferg's name belong strictly to 2+2ers. when they are held along with all otehr investors funds, these funds cannot, and likely will not, be distributed to overcompensate PTPers and ignore the 2+2ers.

so if and when distribution comes, ptp will be holding on to the proportion of the ferg's bap that belongs to 2+2. the issue is how will that be divided amongst the 2+2ers

Sigh. This is incorrect the funds are in the horses name when a horse rolls nothing is held for the horse he obv gets nothing. Please only post if your going to post something helpful and accurate - this is a big enough cluster**** already.

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08-11-2010 , 05:49 PM

#211

hoodskier

Pooh-Bah

Join Date: Apr 2010 Posts: 5,149

Quote:

Originally Posted by TheDudeAbides.

ptp has a policy of distributing money proportionately to what they have (i.e. if they're holding 1/5 of the funds, all investors get 1/5 of their money back)

True

Quote:

Originally Posted by TheDudeAbides.

all funds in ferg's name belong strictly to 2+2ers. when they are held along with all otehr investors funds, these funds cannot, and likely will not, be distributed to overcompensate PTPers and ignore the 2+2ers.

Not exactly, some of it belongs to ferg (most of it does belong to 2p2ers)

Quote:

Originally Posted by TheDudeAbides.

so if and when distribution comes, ptp will be holding on to the proportion of the ferg's bap that belongs to 2+2. the issue is how will that be divided amongst the 2+2ers

Incorrect, PTP will ask for the money needed to pay back the other investors. Since the 2p2 investors are under fergwrx on PTP this means that he has 2p2ers investment money. No 2p2 money should ever be sent to PTP.

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08-11-2010 , 05:51 PM

#212

vedder1980

journeyman

Join Date: Apr 2008 Posts: 368

In the eyes of ptp they obv do - please go and find the posts by the owners of ptp reference selling action on other sites than ptp, they say that those shares are considered the horses and they will not arbitrate cross site problems. Again please know what your talking about or refrain from posting.

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08-11-2010 , 05:54 PM

#213

vedder1980

journeyman

Join Date: Apr 2008 Posts: 368

Quote:

Originally Posted by TheDudeAbides.

this is only true when the shares belong squarely to the horse. in this case they clearly do not

also i would appreciate if you did not attack the nature of my posts. i am offering clarification to circumstances that people are confused with. i understand that you're upset with the situation but that does not give you the right to judge what should be said and what shouldn't

The problem is you are not clarifying anything you are just posting information that is false and incorrect and going to lead to more confusion - i am not attacking you I am trying to tell you are wrong and likely to cause more confusion that you allay.

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08-11-2010 , 05:55 PM

#214

drkamikaze

banned

Join Date: Dec 2008 Posts: 2,109

There is nothing PTP can do about 2+2ers funds. That is all I was trying to say, as I wanted to give you a heads up that you will need to talk to Ferg about this yourselves to make sure he is paying as much attention to you as to PTP.

We pay a lot of $$ in fees to the site to pay for them to do this kind of work for us. Nobody pays any fees here at 2+2 for anyone to do this kind of work, which is why you have to look out for yourselves.

But nobody here is trying to steal your money. In fact, those of us who are posting here in 2+2 who invest on PTP are trying to help you all.

Last edited by drkamikaze; 08-11-2010 at 06:00 PM.

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08-11-2010 , 05:58 PM

#215

stealthmunk

Guest

Posts: n/a

Quote:

Originally Posted by NHFunkii

pretty sure I didn't give him my tax info (at least I can't find any record of me giving it to him)

SIGH DUCK

edit: he lied to my face in stars chat 2 days ago, stay classy kid

lied to your face in stars chat eh?

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08-11-2010 , 05:59 PM

#216

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

he lied to his virtual face

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08-11-2010 , 06:15 PM

#217

hoodskier

Pooh-Bah

Join Date: Apr 2010 Posts: 5,149

fyi to investors who have not found it, fergwrx posted this on PTP today:

Quote:

Hey guys,

Im really really sorry. Im not going anywhere though.* I screwed up and i am going to do what i can to make things right.* Im very tired though so i am going to wait until tomorrow to write a detailed explanation of what happened and what i am going to do.* I did lose a large portion of what i owe, and then tried to buy time by covering it up.* I am stressed infinitely over this but i feel worse making any kind of excuse because its all my fault and i am not trying to put any blame or excuses anywhere but on me.

I have a friend working with me to sort through the math and order of paying people back.

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08-11-2010 , 06:32 PM

#218

Exceptional

banned

Join Date: Feb 2010 Posts: 336

biggest rolling online ever?

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08-11-2010 , 06:48 PM

#219

tdomeski

Carpal \'Tunnel

Join Date: Oct 2003 Posts: 8,321

Quote:

Originally Posted by Exceptional

biggest rolling online ever?

ya it could be. it looks like he's straight rolled 2p2'ers of about $23k from the WSOP. then, from what i can tell, a majority of the $ rolled on PTP is from a non WSOP thread where he won a Sunday 2nd Chance for $60k and never sent that money out. It doesn't look like many people on PTP got rolled from the WSOP thread he had on there.

Like everyone is saying, a lot depends on how much money he has left. 2p2ers are in a heap of trouble, as there are a lot of reasons why ferg would payback PTP'ers first (more to gain rebuilding rep there, more money, owed for longer, etc). I hope this all gets sorted out.

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08-11-2010 , 06:58 PM

#220

sirswish6

Iron Sharpens Iron

Join Date: Apr 2008 Posts: 7,055

so since johnnybax vouched for him, maybe he should cover something? just a thought, idk really

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08-11-2010 , 07:07 PM

#221

tdomeski

Carpal \'Tunnel

Join Date: Oct 2003 Posts: 8,321

Quote:

Originally Posted by JohnnyBax

FWIW, Ferg is a good, honest kid.

Best of luck to all,

Bax

Quote:

Originally Posted by sirswish6

so since johnnybax vouched for him, maybe he should cover something? just a thought, idk really

not equal to 'vouching' in the responsible for the $ if he rolls respect. he was just referencing his character. bad read by Bax, but definitely not financially liable...at all