Interest in buying one drop action - High Stakes Poker Pot Limit and No Limit

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Interest in buying one drop action

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05-05-2014 , 11:33 PM

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

Hey guys, this is Greg Merson. Im starting this thread to see what type of interest is out there for buying me at face in the One Drop this summer.

I would plan on taking 100-150k worth of my action.

You can PM or just post on here, i think i would want to sell in .5% increments.

05-06-2014 , 12:02 AM

cts

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 7,736

05-07-2014 , 11:02 PM

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

26.5% sold so far

05-12-2014 , 06:36 PM

DGAF

Pooh-Bah

Join Date: Jan 2009 Posts: 4,114

Update on amount sold plz?

05-13-2014 , 02:56 AM

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

34.5% sold so far

05-13-2014 , 10:49 PM

jhn_lundgren

journeyman

Join Date: May 2011 Posts: 320

what are the conditions....how much does an investor get on his investment, what %?

05-14-2014 , 12:21 AM

hoodskier

Pooh-Bah

Join Date: Apr 2010 Posts: 5,149

0.5% = $5k

05-14-2014 , 01:23 AM

jhn_lundgren

journeyman

Join Date: May 2011 Posts: 320

Quote:

Originally Posted by hoodskier

0.5% = $5k

i understand that. what i'm asking is what % does Merson take for playing?

does a 10% investor get 10% of what Greg cashes out or does he get a % for playing?

05-14-2014 , 01:55 AM

Toupee Jay

adept

Join Date: Jan 2008 Posts: 768

Greg, I would be interested in taking .5% just to sweat you. Please PM me. Thanks, Jay

Last edited by Surf; 05-14-2014 at 11:33 AM. Reason: removed phone number for security

05-14-2014 , 03:30 AM

#10

PWallis

journeyman

Join Date: Mar 2014 Posts: 236

Quote:

Originally Posted by jhn_lundgren

i understand that. what i'm asking is what % does Merson take for playing?

does a 10% investor get 10% of what Greg cashes out or does he get a % for playing?

Read the first post again, it clearly says.

05-14-2014 , 04:31 AM

#11

riverboatking

Carpal \'Tunnel

Join Date: Jun 2004 Posts: 23,785

Quote:

Originally Posted by hoodskier

0.5% = $5k

Quote:

Originally Posted by jhn_lundgren

i understand that. what i'm asking is what % does Merson take for playing?

does a 10% investor get 10% of what Greg cashes out or does he get a % for playing?

05-14-2014 , 04:34 AM

#12

morello

old hand

Join Date: Dec 2003 Posts: 1,656

Quote:

Originally Posted by jhn_lundgren

i understand that. what i'm asking is what % does Merson take for playing?

does a 10% investor get 10% of what Greg cashes out or does he get a % for playing?

Hi. In his original post, Greg said "at face", so that means if you buy 10% you'll get 10% of what he wins. There is no markup. Hope that helps.

05-14-2014 , 08:37 AM

#13

Extreme Ways

adept

Join Date: Jan 2008 Posts: 883

Does he take out money for taxes ?

05-15-2014 , 03:03 PM

#14

winsorino

grinder

Join Date: May 2014 Posts: 539

Quote:

Originally Posted by Extreme Ways

Does he take out money for taxes ?

he just wants to see interest but obvously everything will be stated in a legit thread or post with all details based on what could or couldnt happen

05-15-2014 , 11:51 PM

#15

p2ryan

adept

Join Date: May 2010 Posts: 821

anyone interested in splitting 0.5%?

edit: id send to reputable person

Last edited by p2ryan; 05-16-2014 at 12:01 AM.

05-16-2014 , 05:41 AM

#16

jimmyc123

Pooh-Bah

Join Date: Jan 2009 Posts: 3,884

Id prob take 5-10k worth. Pm me closer to Turny if ur gunna play

05-16-2014 , 09:59 PM

#17

Atlantis1

adept

Join Date: Mar 2013 Posts: 1,006

Quote:

Originally Posted by p2ryan

anyone interested in splitting 0.5%?

edit: id send to reputable person

yeah i might be. But want to find out this tax stuff first tho, do i have to pay (for your ) taxes if im european?

05-17-2014 , 04:59 AM

#18

p2ryan

adept

Join Date: May 2010 Posts: 821

Quote:

Originally Posted by Atlantis1

yeah i might be. But want to find out this tax stuff first tho, do i have to pay (for your ) taxes if im european?

not sure. ive only dealt with americans with package scores (im american)

05-18-2014 , 04:31 PM

#19

gruziaboy92

centurion

Join Date: Sep 2011 Posts: 179

.5%

I Pm'd you

05-18-2014 , 07:40 PM

#20

Zima421

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 18,973

OP, should reach out to guy. he surely would like another WSOP ME champ in the field.

05-21-2014 , 01:21 AM

#21

OMGClayDol

Carpal \'Tunnel

Join Date: Apr 2010 Posts: 11,060

actually yeah can you confirm about taxes pls?

05-22-2014 , 03:39 PM

#22

foobar

old hand

Join Date: Jan 2004 Posts: 1,506

PMed.

05-26-2014 , 01:13 AM

#23

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

Hey guys ive sold about 70%(need to do official tally from other computer). My cutoff date for having enough sold will be june 7th as i believe they are asking for full buyin paid mid june. Im using the cut off so that if someone were to back out i can find last minute buys and not have to be stuck firing like 30% of myself(although that would be fun)

Will keep you all updated in the next week or two, headed to Vegas tomorrow.

I will be depositing the 50k lock up this week so that I will have a seat assuming I get enough sold.

05-26-2014 , 11:08 AM

#24

Atlantis1

adept

Join Date: Mar 2013 Posts: 1,006

taxes?

05-26-2014 , 03:01 PM

#25

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

taxes would be the same as if you cashed in the tournament yourself. Ive paid out UK players before where they dont get any money taxed ect.

So basically whatever your country does for taxes when you play a poker tournament in the states is what would happen in terms of taxes.

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