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FTP to make announcement ... FTP to make announcement ...

04-28-2011 , 03:15 PM
Quote:
Originally Posted by MicroBob
Anybody who is panicked about their money is paranoid. I understand being aggrevated and annoyed at what will likely be a pretty long delay but if you really think your money is simply gone then you are out of touch. Lawyers do exist. And ftp has them. I agree they should be much quicker in making very simple statements to reassure the paranoid crowd who automatically assume a delayed statement means something ridiculous.
Yeah, couldn't agree more. Everyone needs to chill out, Full Tilt isn't going anywhere...
04-28-2011 , 03:17 PM
Quote:
Originally Posted by knn05
This. You're using a public forum which means that people are free to express opinions and/or concerns. Your repeated personal attacks on various posters makes you look awful. If you can do nothing but attack people, then you must lead a very boring life. A large number of people have money tied up on FTP and they have reason to be concerned.
1. I'm one of said "large number of people."

2. All I've ever done posting over the last few days is try to keep people from freaking out. I've pointed out logically and factually why things aren't as bad as they think, that we need to calm down, that all we can do is wait, that we should go on with our lives.

3. If I've personally attacked anyone, it's probably been for being fatalist *******s who have done nothing but freak people out more with their repeated, baseless, "We're all screwed" posts. I don't care much about the PPA, I have no opinion as to whether they're "toothless" or not, but all they're trying to do the same, and the number of people ****ting on them for it is ridiculous.

4. The people that I look "awful" to are nothing but inconsolable alarmists, bent on shooting down every note of reassurance that comes their way, and yet are still unable to move on with their lives and do anything other than spread their misery. I certainly don't care about looking awful to them, including and especially you. And yet still, I'm hoping that everyone calms down and receives their money, yourself included.
04-28-2011 , 03:25 PM
Quote:
Originally Posted by MicroBob
Anybody who is panicked about their money is paranoid. I understand being aggrevated and annoyed at what will likely be a pretty long delay but if you really think your money is simply gone then you are out of touch. Lawyers do exist. And ftp has them. I agree they should be much quicker in making very simple statements to reassure the paranoid crowd who automatically assume a delayed statement means something ridiculous.
didn't FTP say that they have no accounting of player funds?... i dont think its necessarily paranoid when FTP says "we have no idea where the player money is" then proceeds to go silent for a week.

If FTP was a poster on 2p2 and owed someone in the marketplace money for a trade or something they would have been banned by now.

Im not saying i think the money is lost... but the attitude some posters are taking "LOL chill out its no big deal youll get your money" is pretty absurd, and pretty disrespectful to those who have very legitimate concerns.
04-28-2011 , 03:25 PM
Quote:
Originally Posted by MicroBob
Anybody who is panicked about their money is paranoid. I understand being aggrevated and annoyed at what will likely be a pretty long delay but if you really think your money is simply gone then you are out of touch. Lawyers do exist. And ftp has them. I agree they should be much quicker in making very simple statements to reassure the paranoid crowd who automatically assume a delayed statement means something ridiculous.
lol. this.
04-28-2011 , 03:26 PM
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
04-28-2011 , 03:28 PM
Quote:
Originally Posted by Solid up arrow
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
nah keep it to yourself please
04-28-2011 , 03:32 PM
http://calvinayre.com/2011/04/26/bus...rs-and-losers/

"2. The US poker playing public
Most players lost the ability to play online (eCom restrictions in the US make it currently impossible for the few remaining small rooms to provide the capacity to ramp themselves up to take all these players), which will mean a massive change in lifestyle. Not only is online poker a great form of entertainment, it’s also a source of income for some. But to really poke them in the eye, rumors are now circulating in the industry that two of the indicted poker rooms do not have the funds to pay out all the players, suggesting that players are going to lose their balances. This was actually the original plan of the DoJ – take all the monies and teach the players a lesson – though they seem to have backed off this one."
04-28-2011 , 03:32 PM
Quote:
Originally Posted by Solid up arrow
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
zomg
04-28-2011 , 03:35 PM
Quote:
Originally Posted by Solid up arrow
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
make sure to stop on your way home to get double super secret approval
04-28-2011 , 03:35 PM
Quote:
Originally Posted by Solid up arrow
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
lol I recognise that.
Where does it come from?
04-28-2011 , 03:40 PM
Quote:
Originally Posted by LandwarInAsia
lmfao
04-28-2011 , 03:42 PM
Quote:
Originally Posted by AEPpoker
didn't FTP say that they have no accounting of player funds?... i dont think its necessarily paranoid when FTP says "we have no idea where the player money is" then proceeds to go silent for a week.
No, Full Tilt did NOT say this. What Full Tilt actually said was that they had not received an accounting from the DOJ of player funds that were seized by the DOJ.

They made this statement in the context of explaining the "legal and practical impediments," to cashing out American players.

This could mean a lot of things, and none of them are as bad as "we have no accounting of player funds."

Realistically, that statement was a leverage ploy by FT's lawyers saying to DOJ, "you seized player funds, and, a. you're going to take the PR heat, not us, and b. we're not rolling over and playing dead on the forfeiture of those funds." But this is, of course, speculation on my part.
04-28-2011 , 03:43 PM
Quote:
Originally Posted by iCrush Souls
http://calvinayre.com/2011/04/26/bus...rs-and-losers/

"2. The US poker playing public
Most players lost the ability to play online (eCom restrictions in the US make it currently impossible for the few remaining small rooms to provide the capacity to ramp themselves up to take all these players), which will mean a massive change in lifestyle. Not only is online poker a great form of entertainment, it’s also a source of income for some. But to really poke them in the eye, rumors are now circulating in the industry that two of the indicted poker rooms do not have the funds to pay out all the players, suggesting that players are going to lose their balances. This was actually the original plan of the DoJ – take all the monies and teach the players a lesson – though they seem to have backed off this one."
key words: rumors, calvin ayre

why wouldnt he make this statement if he likes $
04-28-2011 , 03:47 PM
Quote:
Originally Posted by Solid up arrow
wow guys i just herd a shocking rumor about full tilt. i'll let you all know what it is when i get back from the grocery store.
level
04-28-2011 , 03:50 PM
So this announcement will appear here or where?? Will it be so short he can just use twitter to post?
04-28-2011 , 03:51 PM
Quote:
Originally Posted by mpethybridge

This could mean a lot of things, and none of them are as bad as "we have no accounting of player funds."
But this is *EXACTLY* what they said, pretty much word for word Need me to dig up a link or can you find it on your own?

It might not be what they meant, but it sure as **** is what they said.
04-28-2011 , 03:52 PM
About a month before Black Friday, I contacted FT through email concerning these deposit transactions that were never carried out from Nov and Dec of last year. I offered to send them a money order, Wu...etc, to clear up my account. ( I absolutely hate having outstanding debt) Their reply was something like this... " I'm sorry, but we have no way of knowing which of your deposits have cleared and haven't cleared at this time. Rest assured we are doing everything possible to expedite this matter...etc etc It just surprised me that such a huge company would have such accounting problems. I'm sure these accounting problems figure in very prominently to this delay.
04-28-2011 , 03:54 PM
Quote:
Originally Posted by TNixon
Need me to dig up a link
yes
04-28-2011 , 03:55 PM
Quote:
Originally Posted by ivvaen
Please please please please please give us info on the Moneybookers situation.
THIS.
04-28-2011 , 03:57 PM
Quote:
Originally Posted by mpethybridge
No, Full Tilt did NOT say this. What Full Tilt actually said was that they had not received an accounting from the DOJ of player funds that were seized by the DOJ.

They made this statement in the context of explaining the "legal and practical impediments," to cashing out American players.

This could mean a lot of things, and none of them are as bad as "we have no accounting of player funds."

Realistically, that statement was a leverage ploy by FT's lawyers saying to DOJ, "you seized player funds, and, a. you're going to take the PR heat, not us, and b. we're not rolling over and playing dead on the forfeiture of those funds." But this is, of course, speculation on my part.
http://pokerreviewworld.com/articles...main-Names/36/

this is the story (no idea what the site is it was the first result on google)

Quote:
As a result of the recent enforcement action, there are no authorized U.S. payment channels to make refunds; Full Tilt Poker have [sic]no accounting of the millions of dollars of player funds that were seized by the government;

The statements from Full Tilt Poker and the U.S. Attorney’s Office largely repeat each others, but there is some uncertainty regarding two statements in particular. According to the Full Tilts statement, “Full Tilt Poker has no accounting of the millions of dollars of player funds that were seized by the government.” Whilst, the U.S. District Attorney’s Office claimed that "No individual player accounts were ever frozen or restrained, and each implicated poker company has at all times been free to reimburse any player's deposited funds.” The reasoning behind the contradicting statements is unclear.
Now, im not saying this means that players arent going to get paid. TBH, i thought the forecast tht stars was going to get the money out very quickly was irrationally optimistic and I was wrong, so im not going to prognosticate.

But given that information, i think telling someone who may or may not have access to his money in days weks months, and whos looking at a total communication blackout by FT "LOL i hope the announcement is to chill the **** out" is pretty ridic.
04-28-2011 , 03:58 PM
Can I expect to have "DoJ negotions" taken out of my rakeback?
04-28-2011 , 03:58 PM
Quote:
Originally Posted by TNixon
But this is *EXACTLY* what they said, pretty much word for word Need me to dig up a link or can you find it on your own?

It might not be what they meant, but it sure as **** is what they said.
No, it is not. Please do not cause undue alarm by inflicting your lack of reading comprehension skills on other people.

Full Tilt did not say, "we have no accounting of player funds."

It said, "We have not received an accounting of player funds that were seized."

Do you see the difference? Would a venn diagram help?

JFC.
04-28-2011 , 03:59 PM
Quote:
Originally Posted by Mingdu
yes
wish granted... see below.

so we have a situation where the DOJ says they never siezed player funds. FT says "we have no accounting of millions of dollars of player funds siezed by the govt" meanwhile the government claims not to have siezed any player funds... FTP then proceeds to refuse to communicate with any of their players for a week.
04-28-2011 , 03:59 PM
"Full Tilt Poker has no accounting of the millions of dollars of player funds that were seized by the government; and the government has not agreed to permit any of the seized player funds to be returned to the players."

Translation: The government has frozen our bank accounts. They have not told us what they have done with the funds in them. [DoJ says they have not "seized" but I'm betting they simply mean, they have not confiscated forever]. They are currently not giving it back. That is not "we have your money, but boy have we lost track of it."

Upside/optimism: The government signed a statement/agreement saying they want to facilitate FT (and Stars) giving it back. If they're actually the ones holding/controlling the money, that could actually be a good thing, since they've agreed to appoint someone to facilitate it. Poker is still in the news, and if the government actually confiscated money that belonged to hundreds of thousands of players in perpetuity, the public outcry would be ridiculous.

Overall, it sounds like the government simply froze more of FT's money than Pokerstars' money. They're probably not going to give it back until they have substantial oversight on the process. It is unlikely that this can be organized in 8 days.

Government's gonna government.

Last edited by n0nplussed; 04-28-2011 at 04:06 PM.
04-28-2011 , 04:00 PM
Quote:
Originally Posted by Mingdu
yes
Really? You're following this issue at all, and somehow missed full tilt's first (and only) public statement on the matter?

Quote:
Full Tilt Poker has no accounting of the millions of dollars of player funds that were seized by the government

Read more: http://www.pokernews.com/news/2011/0...safe-10249.htm

      
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