FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) - Page 16 - Poker News

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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)

View Poll Results: Do you want the AGCC to regulate the new FTP?

Yes

1,156 56.58%

887 43.42%

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08-28-2011 , 01:00 AM

#376

XXpokerZZ

newbie

Join Date: Aug 2011 Posts: 25

Quote:

Originally Posted by Jeff Ifrah

I represent FT and most of the individuals in one of the suits. I am not sure the other has actually been served.

If you represent FT, then who's currently FT's CEO? And who's taking the lead in negotiating with potential investors?

08-28-2011 , 01:01 AM

#377

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by floppedafailure

I won a MiniFTOPS jersey in March and I am still waiting to receive it. I assumed it would still come because as far as I know, buying football jerseys and giving them away is still legal. I wanted to be able to wear it out like a toolshed when I go to Vegas. Can you make it happen?

I will definitely ask.

08-28-2011 , 01:02 AM

#378

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by XXpokerZZ

If you represent FT, then who's currently FT's CEO? And who's taking the lead in negotiating with potential investors?

Ray remains CEO and participates with others in discussions.

08-28-2011 , 01:02 AM

#379

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by Jeff Ifrah

This will be addressed I hope by the company's statement. I have no basis to provide you with such an estimate. I can however up date you and ask the company to update you on its progress.

Jeff you're insinuating that the upcoming statement will either lead us to believe that negotiations have gone poorly or that sept 15th will be begin a cascade of events that will lead to all players being paid back.

is this correct?

08-28-2011 , 01:02 AM

#380

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Quote:

Originally Posted by Jeff Ifrah

I apologize that you have to wait until next week. I have invited folks to write or call me personally for answers but only five of you have done so. So now I have opened an account here and will do my best to "unofficially" answer your questions from here.

Jeff,

Thank you for, seemingly, being the catalyst to get FTP to have an open discussion with their patrons. (assuming they actually release a statement that isn't about a forthcoming statement)

I don't know when FTP obtained your services, post Black Friday, but I wish you had been at the company sooner as it seems you actually are doing something positive for the players.

08-28-2011 , 01:02 AM

#381

FishyOnADishy

journeyman

Join Date: Jul 2011 Posts: 247

Quote:

Originally Posted by Jeff Ifrah

I have not been involved in all of them but from time to time have fielded questions from investors directly and met with interested investors personally.

What kind of questions have you fielded vis-a-vis the investors? What is your area of expertise that an investor would want to tap into?

08-28-2011 , 01:03 AM

#382

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Quote:

Originally Posted by Jeff Ifrah

Ray remains CEO and participates with others in discussions.

This makes me want to rip my eye balls out.

08-28-2011 , 01:04 AM

#383

yesright

old hand

Join Date: Feb 2009 Posts: 1,345

Mr Ifrah, I have a serious question.

Can you tell us either something we dont already know or anything that we might find useful that may help us?

Realistically if you cant provide either of the above then we may be wasting each others time.

08-28-2011 , 01:05 AM

#384

CubKiller

MSNL HU crown

Join Date: Sep 2008 Posts: 673

Quote:

Originally Posted by yesright

This. Pointless build up by FTP again.

08-28-2011 , 01:05 AM

#385

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by aggo

No, not really. The statement will cover the efforts undertaken to obtain an investor and the current status of the investor. The hearing may have a chance of being resolved or delayed if progress regarding the investor can be demonstrated. This is merely my personal opinion, I am not involved in this proceeding.

08-28-2011 , 01:06 AM

#386

ITRIED2WARNU

'10 HU Forum Champ

Join Date: Jul 2006 Posts: 2,890

Thanks for coming in and answering questions. I apologize for the blunt phrasing, but are players (US and everyone else included) going to (eventually) be paid?

08-28-2011 , 01:07 AM

#387

XXpokerZZ

newbie

Join Date: Aug 2011 Posts: 25

Quote:

Originally Posted by Jeff Ifrah

Ray remains CEO and participates with others in discussions.

Are you saying or implying that Ray Bitar is not taking the lead in these negotiations? Is it unusual that a company's CEO is NOT taking the lead in negotiations that will fundamentally change the company? If he is not, who is? Does Ray Bitar have the veto power? Who are the board members that can vote on any potential deal?

08-28-2011 , 01:07 AM

#388

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by yesright

I am not trying to waste your time. I don't know what you know or don't know. I am only trying to answer questions that you have that I know enough about to answer.

08-28-2011 , 01:08 AM

#389

Thrahl

Pooh-Bah

Join Date: Jun 2005 Posts: 3,763

Quote:

Originally Posted by Jeff Ifrah

I meant significant progress putting a deal together.

Is FTP still actively looking for investors? If so what do you mean by "progress"?

08-28-2011 , 01:09 AM

#390

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by FishyOnADishy

What kind of questions have you fielded vis-a-vis the investors? What is your area of expertise that an investor would want to tap into?

I am representing the company in one of the class action suits and investors have an interest in discussing on going litigation.

08-28-2011 , 01:10 AM

#391

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by Jeff Ifrah

thanks Jeff.

Is Raymond Bitar still the chief decision maker at FTP?

and

What has changed inside of FTP and the current culture that's caused you guys to be so forthcoming suddenly? The exclusivity agreement reportedly did not begin until well after april 15th and communication with the players have been sparse leading up to that agreement.

08-28-2011 , 01:10 AM

#392

i_am_fish1

old hand

Join Date: Mar 2010 Posts: 1,232

so in other words if ftp cant show significant progress to the AGCC then the license will be revoked. SO it is very important that FTP shows that "significant" progress has been made so a hearing can be delayed otherwise we might be in a really bad situation?

08-28-2011 , 01:10 AM

#393

mrwalken

adept

Join Date: May 2006 Posts: 843

Thanks for doing this, Jeff. I was wondering if you have any information regarding what upset Phil Ivey and why he sued FTP?

08-28-2011 , 01:11 AM

#394

yesright

old hand

Join Date: Feb 2009 Posts: 1,345

Quote:

Originally Posted by Jeff Ifrah

No, not really. The statement will cover the efforts undertaken to obtain an investor and the current status of the investor. The hearing may have a chance of being resolved or delayed if progress regarding the investor can be demonstrated. This is merely my personal opinion, I am not involved in this proceeding.

What a huge suprise....... lets see how much longer we can string this along.

So predictable.

Cant you just make up investor progress Ad infinitum

08-28-2011 , 01:12 AM

#395

Snooks

enthusiast

Join Date: Sep 2008 Posts: 58

Hi Jeff,

Hopefully a simple question, do you believe FTP will be fully operational again?

08-28-2011 , 01:12 AM

#396

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by aggo

I can only speak for myself. I made statements after April 15 up to the date of exclusivity and am making them again now that it is over.

08-28-2011 , 01:12 AM

#397

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by mrwalken

Thanks for doing this, Jeff. I was wondering if you have any information regarding what upset Phil Ivey and why he sued FTP?

No, sorry, I don't.

08-28-2011 , 01:14 AM

#398

Jeff Ifrah

centurion

Join Date: Aug 2011 Posts: 194

Quote:

Originally Posted by Snooks

Hi Jeff,

Hopefully a simple question, do you believe FTP will be fully operational again?

I believe they are doing everything possible to make it operational again.

08-28-2011 , 01:15 AM

#399

IamPro

one time Plz???

Join Date: Jan 2009 Posts: 17,652

Are we ever going to see our money again?

08-28-2011 , 01:16 AM

#400

MattC

grinder

Join Date: Nov 2004 Posts: 434

Mr Ifrah

Are the owners or major players of full tilt responsible for this shortfall willing to liquidate personal assets as necessary (meaning near the entirety of their net worth) to help resolve this shortfall?

At what point in time was ftp not able to fully meet all of its obligations?

In the event that an agreement is made that will pay all players back, will this repayment include the value of ftp points, iron man medals, T$, etc.?

Last edited by MattC; 08-28-2011 at 01:43 AM.

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