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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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In this part he is looking pretty good. It confirms he really put the players' interest first and his version of the PI lawsuit. All these stories about investors shouldn't come as a surprise, many tried their own coup and in the end it was all about power and money. HL had more incentive to close a deal fast than most other members, because his name was being dragged through the mud every day. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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it makes the other shareholders and especially the board looking as bad as him. that´s a huge difference. about howards priorities it think that you are speculating. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Howard steppin up and getting his house appraised first. Nice!
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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Her final statement may very well be true and I'm not trying to argue anything beyond what I've said above (i.e., I'm not sure that keeping Ray on was a good decision, etc). I do think she's taking an overly literal view of his statements in this spot and finds a contradiction that doesn't necessarily exist. In any event, it's a small point. I just think it highlights an interesting dynamic in human behavior. |
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In the case of FTP it was important to determine why the company had the problems it had. It seems that a big part of the problem was due to incompetent management. If that's the case then you don't want the same people that did such a poor job of running the company being in charge of the disaster recovery. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Im a huge fan of DF, but the Ivey stuff feels a bit personal.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
I stopped reading after reading part 3. =( tell me if there's anything good.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Diamond Flush- I find your language increasingly vague and now focused on a PI tangent about 2009 that smells like a random leak (and irrelevant to the Lederer files.) Why? I know you are better than this. External pressure perhaps?
"There are those who say..." It sounds like you had to lawyer up yourself. Have you posted on 2+2 since Mason came out with this: I also agree with Mike Johnson that Diamond Flush should identify herself (and I have no idea who she is). This is especially true if you're going to be accusing someone of specific wrong doing (which is the way I interpret her comments). In addition, true identification gives you more credibility as readers can get a better understanding of exactly who you are. Best wishes, Mason I suppose I am grasping for excuses on your behalf because I find myself agreeing with tamiller and others that the series is getting weak. You are ignoring the relevance of crowd-sourced investigation in favor of a single sourced denouement that could be easily forgotten. Mike Johnson- Did it bother you that the founder of this site expressed his concerns about another reporter directly after speaking with HL? Why would her anonymity bother you enough to make an issue of it? Did you bring up DF's anonymity with Mason or did he bring it up with you after speaking with Howard? NoahSD: Can you weigh in here? Your hard work is getting lost. Why are you self-embargoed? |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
The coments on Phil Ivey are relevent to the Lederer files becouse it relates to stuff Lederar said in the Lederer files
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
I finally see where this is going. I came up with my own Hollywood story before reading any of this, and I was a little off:
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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[x] PI asking for 10-20m on or about April 8th [x] All PI distributions go to wife [x] Lawsuit [ ] Phil does not want to do a promo tour for free in 2009 I don't know maybe she is trying to show that there was a long simmering feud with the companies best marketing asset. I would be more willing to put an "x" there if it was even part of the Lederer files. It sure seems like more anti-Phil leaking to me. Seems likely to be from the Ifrah camp who would have been looped in via Ray etc. Look, I am sure this is all heading somewhere. I just wish her process did not disavow collaboration (thus far.) If nothing else, one thing the whole ftp saga shows is that transparency is a good thing and a centralized process shrouded in secrecy is not. [x] Just_a_guy dangerously close to concern trolling |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Ivey and Lederer truly deserve each other.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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Obv HL felt that people were trying to find out who caused the problem for unconstructive reasons. |
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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You're telling me that if you invested a lot of money to start a company that winds up being successful and later it gets destroyed by bad decisions, bad management, theft and fraud, you wouldn't want to know why? |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
The Board had a high duty to watch over the players money and they did not do that.
If I was a founder I would have suggested segregated accounts. Regardless, I would have wanted to know on a regular basis: How much money we owed the players. 2. How much money we had. A. Duty and obligation. I would view this as my duty and obligation; especially with this type of company and this allegedly powerful CEO. B. Self-interest. My dividends are based on these two figures. Maybe I would find FTP had an extra 500,000,000 lying around over and above the player money and I would ask for a dividend increase. |
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The scope of my argument is super narrow, however, and doesn't require that you agree with this point. Quote:
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There's no larger point here. (Although, I guess, if one wanted to do so they could argue that it's a minor blow to DF's credibility as her articles basically put us in the position of trusting her ability to properly interpret and relay the information she receives from her sources.) Quote:
That having been said, I don't want to make too big a point of this as you don't have to accept it as true in order to understand that the contradiction that DF sees in HL's statement is not real. All you have to do is make a reasonable inference about what he was trying to say. |
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Speaking of bickering, that's kind of a funny point to make since I wasn't assuming that it would be "your solution." I admit I used that phrase but your assumption that I was assuming something about you specifically is still wrong, in much the same way that DF misinterprets HL's use of the word "responsibility" in the quote. That having been said, I could have used better phrasing.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
I was kind of tempted to let you have the last word since this is a ridic sideline, but if you go to the bottom of the same post, I continue to use the word "you" in a colloquial sense, and it should be clear in that later paragraph that I don't mean you, MicroRolller, but instead you as in someone who is in that situation (if it wasn't already clear before, which I think most readers will find it was). Also, I admitted that it was poor word choice, which demonstrates an acceptance of responsibiility, so the ad hominem deflection fails as well.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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And whether you were taking about me specifically or some mythical "you" it's still stupid to make the assumption you made. Now so you don't accuse me of making more ad hominem's let me point out I called your assumption stupid. That's the assumption that Lederer had and we've seen enough to know that just because he says something doesn't make it true. Determining the cause of the problem is an important step trying to determine how to resolve a problem. The reason that you try and find out the cause is because it makes determining the appropriate solution easier. I find it hard to believe that Lederer doesn't know who was responsible and what led to the decisions being made. Put yourself in the shoes of one of the owners of FTP. You had millions of dollars of equity in a company that you had every indication to believe was doing well. Then over a short period of time something shady was going on that resulted in the loss of player funds and the loss of millions of dollars of future earnings and net worth. I think it would be completely reasonable to want to know why. If someone stole your car and a week later the cops brought your car back wouldn't you want to know what happened to it? The most unreasonable and unwise thing to do is to not know what was the cause of the problems. Let's say it was an employee of the company that did all this stuff and was funneling the money into their personal bank account? What if all the player money was just sitting in some Cayman bank and recovering would be enough to pay players back and keep the company alive? What if Bitar thought he was being slighted by the other owners and was determined to destroy the company and he did just that to spite them. Should he still have the right to vote on important decisions? What if it was just incompetence. Should his opinion still matter? He didn't want to entertain a deal by stars in the beginning and that probably delayed a deal that ultimately is getting players repaid. I didn't jump into this discussion because of what DF said in relation to this. I jumped in because of what you said about people getting in the way by trying to find out the source of the problem |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
I hope she does a part 8 and discusses this thread and her interpretation of any misinterpretations it might have caused.
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Hey muppet. The point is that HL knew how they got to be in such a horrible state. But if you ask him he will say "I don't know". So why would he want people to figure out what went wrong?
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
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