|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
LOL, well, I'm def no big deal and what experience I do have is not on the same level that these decisions were made at, so perhaps you're right. I never really meant to get so hung up on that aspect of the debate but for some reason MR got the best of me.
|
Re: Will Part 7 of Diamondflush's Series Deliver the Goods or Be a Disappontment?
Quote:
I think some signaling from Stars (DN perhaps,) that others need to speak if they want a healthy Stars relationship going forward could be very helpful in this regard. (Nitpick: Micro please stop saying DF did not catch Howard in a lie, see previous posts of mine and others. This is small bore. The company was constructed to protect Howard's lies, and there is no perjury charge at play here. The truth of his own words is plenty to show the lies.) |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
welcome to 2p2 imo
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
As many here, I don't have the time/am too lazy to go back and double check. This is a good example of how easily we all can mix up facts with our own speculation and I appreciate that DF is taking the time to write her articles. So far there was certainly material I have never read before (I think in #4 and #5) but there was also material I had forgotten about (e.g. Ferguson accounts) and where here articles pointed out things I would have missed otherwise. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
It's not clear how long he kept getting paid 200k a month for. |
Re: Will Part 7 of Diamondflush's Series Deliver the Goods or Be a Disappontment?
Quote:
|
Re: Will Part 7 of Diamondflush's Series Deliver the Goods or Be a Disappontment?
Quote:
Quote:
|
Re: Will Part 7 of Diamondflush's Series Deliver the Goods or Be a Disappontment?
Quote:
Bill Rini and others documented how implausible Howard's version of events was more than a month ago now, and guys like MicroRoller and DoTheMath put more writing effort into a single forum post than all six parts of this series would have required. I'm sure there are plenty of people who have not followed every article, court document and podcast about FTP since BF, who can't scroll down fast enough when they see a "TL;DR" wall of text on these forums that made the same speculative assumptions she does in her blogs, and for those people this series will be more than worth the wait. |
I got a funny feeling part 7 is going to be titled Part 7a...and the good stuff will come in part 7h or so in another couple months or so.
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
So.... Part 7? One week and still no article that ties everything together " and explains the significance" of all the other parts we spent time waiting for and reading.
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
Quote:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
I hope part 7 is just:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
If this has been covered in another FTP thread, I apologize and would appreciate if someone could point me in the right direction.
Where was the CFO while all this was going on? Howard talks about trying to generate some special report about cash on hand vs player deposits, but wouldn't that type of info be readily seen in even the most basic of financial reports? And when the seizures and stuff were happening, wouldn't that also have been documented/accounted for in the financials? Likewise, when the CEO/board talks about distributions, isn't the first thing the CFO supposed to do is look at the numbers and advise whether there is an appropriate amount of cash on hand to give a distribution? I guess I don't understand how the growing shortfalls could "surprise" everyone as to how large they were. Was the CFO in on some type of cover up with Bitar? Did they actively "cook the books" that they showed to the other board members? It seems all the attention (rightfully so) has focused on HL and RB, but was the CFO indicted or somehow held accountable for this total mismangement of money? Thanks. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
The CFO must have been owned by Bitar. Waiting for court documents to surface showing the financial statements as prepared by the CFO that were submittted to HL, CF and the rest of the board.......... When we see those, then we will know who is full of ****. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
The cfo was gil coronado. Oddly Howard doesn't talk about him much. From some reports he was very intimidating.
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
The CEO did not honor his obligation to the players. The Board did not honor its obligation to the players. Btw, all Board members had significant ownership in the company. Collectively the Board may have owned over 35% of the company; however, I am open to correction on this figure. The Board plus Chris owned over 50% of the company. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
As one former FTP player joked to me when I recently asked him if he knew much about the Tilt CFO:
"CFO, what CFO? We don't need no stinking real CFO! We are poker players! Diamond Flush just does not understand the Tilt business model!" |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
To me, the more interesting quesions are:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
|
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
The CFO makes me very curious. Because at a company the CEO isn't the dude doing the math, thats the accountants and the CFO.
So how did the accountants not alert everyone what was going on? the CFO must have told Ray. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
But he was such an expert not only in accounting stuff, but also in all the legal aspects of money, and worked on an even par with our lawyers on that kind of stuff. We didn't make any sort of decision without the CFO going into detail about the costs/impact on our financial stability, etc. And we were just a small company. It's just hard to imagine the FTP CFO not doing the same thing. TBH, listening to HL describe his role and lack of visibility of money stuff made me cringe. We were basically a tiny company learning things as we went, and still knew way more than he seems to have. It just doesn't seem possible anyone could be both that naive on the one hand, but even more so that incurious as to what was going on with the company. Especially given the hundreds of millions of dollars being passed around. |
Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files
Quote:
Side note: You are killing me with this wait DF. |
All times are GMT -4. The time now is 01:10 PM. |
|
Powered by vBulletin®
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2008-2020, Two Plus Two Interactive