Wow guy with 2 university degrees...lol, spits in one of his backer's face instead of trying to talk this mess out like an adult


As far as the whole situation goes I think its pretty clear that the 4% swap should belong to the eye but imo he should buy back his own makeup at .50/$1, so pay Jkidd $7500 + the expenses back and be done with the whole thing. This seems like a fair compromise even though there is some evidence to support the arguement that the whole 15K should be paid out of the 4% swap.

if the backer refuses to do biz with the horse anymore, as the backer has already said he wouldnt, makeup shouldnt have to be paid back.

the horse backed out of a live deal when the backer tried to say the deal was something the horse did not agree to. (and im sure would have never knowingly agreed to)

imo if the backer refuses to keep the horse's online action and drops him i dont see how MU left is an issue to future backers.

im sure the whole spitting in face/rio security thing will make ending the deal more likely

Our backing agreement was breached when he disrespected me and cancelled my action for the remainder of the series. I never dropped him, he quit. Regardless of the 4% issue, I was planning to continue our agreement. After everything that has happened to this point, how can I back such a scummy person? And to everyone saying he would never agree to this kind of deal, he did. Aim conversations show that he is acknowledging makeup and clearly understands that this is a backing deal and not simply me buying a piece of his action. Again, I'm fine with allowing him to keep the 4% swap, but the makeup that he bailed on must be paid out

at what price?

You are dropping him because he's a scummy person in your opinion, how does this qualify him quitting his makeup?

I think this^^^ is the best solution. Looks to me like backee, for whatever reason, signed up for a bad deal from Backer, therefore owes backer a resonable buyout after quiting him. He wasnt forced to come to LV, he chose. He wasnt forced to take the bad deal & travel expences, he chose. Pay him what you owe and save face imo.

Judgement to the plantiff in the amount of 7500$ + exp, Mad Spat'r pay the man.

jack is the man; nothing to add.

obv the 4% belongs to TheEye, but quitting in makeup still seems scummy

if both sides think they are correcy, why not take up Zima's offer for arbitration

This. The backer is clearly wrong here. However, you could make a very good argument that the horse owes the travel expense amount from the 4% he won. If the horse agreed to pay back travel expenses from any winnings from his 15%, then this 4% would be part of that equity, and should be treated as part of his "profits" to go towards travel expenses.

I have no idea how much the travel expense amount is vs the 4% amount, but it seems like the horse does owe that amount back to the backer.

Not sure if I should be defending myself against lies anymore, but to make some things clearer as he is now diverting this discussion towards make-up and that I have quit on him as he is still trying to angle shoot anyway he can now that he lost his initial case.

His numbers are all wrong. Firstly, I don't agree with the number he is stating as make-up, that is a fabrication. Secondly, we never agreed that I would be buying back make-up if our agreement ever ended. This is not standard practise in backing agreements. In addition, he told me twice that I could find another backer for those games in the past which effectively ended our previous deal. I also believe that it should be standard practice that if there is one reason for a backee to unsell a couple of tournaments to his investor is if the investor is trying to angle shoot the backee and this is what is happening here. Besides this he is broke and has told me on several occasions that he could not send me funds, therefore I don't owe this guy a dime imo. He actually owes me $900 which I should be getting paid.

I repeat though that there are many lies and fabrications in all of his posts so we can not have a proper discussion, I am just posting to clarify a few things that are being mentioned now. I will be travelling through the end of the month and have been playing almost every day for the last month and a half so this was not a good time for me to deal and keep up with this situation as I repeatedly told him the past 2 weeks. I wanted to give my side of the story to clear my name and I think this should be ending here. Thanks everyone for taking time to write your opinions on this.

You think it's not standard to buy out of your makeup if you quit while in it? Because you're so involved in backing and know it all?

I've lied about nothing. If Zima and any other respected members would like to arbitrate, I am absolutely fine with that. I am also willing to give them all aim logs, texts and emails that were exchanged.

I'm broke? I bought like 50k in action this year for the series and back a player for the entire series, as well as buying myself into every tournament aside from the 10k 6m. I own 2 houses, a timeshare, drive a lexus and I promise you am more than fine with money.

Arbitration. End of story. Can it be any more fair?

edit: oh yeah, you failed to mention your little b*#ch move spitting in my face. not getting into a forum threat war, just felt the need to mention how much of a b*#ch you are.

Everyone should also be aware of what he tried to pull in the past as well as it is relevant to this thread;

This is him trying to sell "his" make-up;

http://forumserver.twoplustwo.com/16...player-830937/

And this is his banned account on this forum for trying to sell a rakeback account for money;

http://forumserver.twoplustwo.com/members/98064/

Don't do business with this person it will not end well.

mobills is one of my best friends that backed me briefly during scoop last year because I had no desire to play. I got deep in makeup and have since settled this with him. To say this says anything at all about my character is completely off. Selling the account was like 5 years ago and just an honest mistake (yes it was stupid to think that was ok), but what does this have to do with my integrity?

Also, for the record.. I'm an usher in his wedding in 2 months, so I'm pretty sure this is a moot point

There are literally hundreds of people that would vouch for me for any amount of money and for any level of trust. I promise there is nothing you can do to my reputation. i've never scammed anyone in my life. There are probably 100 people on this forum alone that I've done flawless business with. Keep digging bud, you'll never find any dirt on me.

fwiw buying back makeup seems dumb, I think when in makeup the horse doesn't/shouldn't really have the option to end the stake, either the backer can end it (MU not paid back), or continue backing the horse. It's a business relationship, it doesn't have to be amicable, i'd say keep staking jack (and jack you don't really have the option to quit it imo w/o hurting your rep, walking away from MU is pretty bad) or drop him, and not get the MU back. Obv it blows you guys hate each other now, but it's business yo, do it or stop crying about it, Jack, you'd have to suck up hating the guy and just grind out of MU.

as for the 4%, it's a total joke, the deal was structured horribly, backer had a weird freeroll, Jack is obv entitled to the 4% swap and I don't think it should be an issue. arbitration is fair but seems dumb, imo continue it or drop it, but I think we got enough of the situation already, just keep your reps in tact, and handle the business side of it, even if you dislike/hate each other

how can backing him possibly be an option? why would I trust someone with my money that spits in my face and bails on makeup? I very very highly doubt he has any interest in dealing with me ever again anyways.

thats kind of his option, but if it's play and make back the MU, or ruin his reputation from walking away from a staking deal w/ MU, esp. for someone who needs the stake, i'm pretty sure he'd want to save his rep. , obv you on the same end would have to believe his rep is worth more to him than scamming you, and that keeping him on to get back the MU is worth more than dropping him now and dumping the 15k (or whatever the figure is). Situation blows, obv both parties unhappy, but again, when $$$/reputation is involved i'd rather take the business minded approach, even if you don't like who your doing business w/, and I don't see buying back MU as (looking like its gonna happen) or (being reasonable / std. or staking deals), having to buy back MU is such a hardcore freeroll for the backer, which obviously is staking the person as an investment, and should have put some time / due diligence into who they are staking/etc. (not that you didnt). just my 2c, hopefully you guys work something out,

Agree, tell Jack he has to still play under you, if you're still staking him? If he quit(s) then he owes you MU for quiting while in MU and if you drop him now or choose to then you're walking away from MU and get 0.

Really good point by AA, FWIW I say you still stake him, it's straight business, he can climb out of MU then you can part ways or if he bails on you now and ends the deal while in MU, it looks bad on his end and his rep will take a hit at least in staking. Give him the option, it's your best bet right now.

I understand this, but I don't care about his reputation. If I back him again and he instantly scams me for every penny that I give him, his reputation is ruined and that does nothing for me but leave me in more of a hole backing him. It's very obvious that he wants nothing to do with me and has already stated that our arrangement is over by his own choice. I'm at a point where I'd like to try and control the damage in this awful situation. I'd much rather go to arbitration and if that lands me no equity and not having to back him, so be it. I think I'm entitled to the makeup that he bailed on, but I'm more than fine leaving it up to uninvolved parties to decide our fate.

lol


there is no way jkidd should still stake him. primo's posts are great in a perfect world, but that just isnt reality.

fwiw, i have a clause in my staking contracts that says horses have to pay me back the MU if they "make" me drop them. (ex. steal money, play dif games a lot, spew off money etc etc)

I don't know much about either persons reputation, etc, I've met Jack, and played against jkidd in Barcelona. Obv there has been a ton of tension/animosity between them, but still, I mean I dunno that much about hsmtt community, but in hu I could never imagine even a remotely respected person agreeing to be staked again (out of not wanting to walk away/pay the MU) and then taking the stake $, id assume they don't have enough given to them at a time (~10k) to truly ruin their rep forever over, but again, I don't know that much about either. But that's for sure how id imagine it would be handled in the husng community, and really the only thing that seems fair for both parties to me (altho obv jkidd is in a worse position in it, but he was in a better position previously in the role of a backer ), so Meh, not sure, id be interested in seeing how the arbitrators would deal w/it

Although I don't agree with some of your points, especially the ones suggesting I continue backing him, I do appreciate your input. I don't think he values his reputation enough to not scam someone that he's capable of spitting on threatening to kill, based on his texts about his "2 degrees and business and not needing poker"

jkidd how much money did you put up this WSOP for "theeye"

and how much money did you get back frmo that 1% freeroll

the 1% freeroll has absolutely nothing to do with this and 100% to do with my backing arrangement with athanasios (completely separate).
I put up 12.5% of all of his events, which was something like 10-15 sides and the main event. I think my total was something like 6500, not positive. I also gave him 1500 for expenses (to be added to makeup also, which would put it >15k)

if i may ask... how much are your worth? like 500k+?

it just seems like he should be paying you atleast 1500$$ for your expenses and the makeup...well you are probably SOL on that

i feel bad for you that this happened... but dude. you probably shouldnt be staking people overseas

how much money have you made off staking people?

i don't mean to be rude, but none of this is relevant and I have no interest in sharing my personal financial information publicly