Gosh, and I thought that was only me that happened to....

Interesting (and obviously super tilting).

Diamond can you comment on this ? Is this what is occuring? Has the trajectory of negotiations shifted in any significant way since the end of June?

Man, this thread now makes me think of the holiday inn commercials. Ordinary people doing tremendous things, "are you a doctor? No but I stayed at a holiday inn last night"..... "are you a lawyer? No, but I read a 2+2 forum post today". Man I feel like I can conquer the world after reading this thread the past few days....

lolol... very good... clap clap

This shouldn't be tilting at all; this is how law suits frequently end (though by no means not always); its a slow painful process that requires persistence and diligence but finally all the impediments to a negotiated agreement are resolved and there is an end.

ugh

Gioco, why do you suppose the extension last week was just for one week, and when Monday came around, they didn't extend it just in case to avoid having to file these motions Mon night? IF there was ANY chance the deal wasn't going to close by Mon in the minds of those at the table, and if both sides still want that as the end goal, why would they let the motions be filed when there is absolutely no good reason not to delay them?

uh yeah, if you dont have money locked up.

I think I wrote, when the extension was granted, that the parties probably thought that the case would either be settled by the 9th or the problems they could not resolve would take quite a while after that. A good reason to keep the litigation track moving is that otherwise it becomes very easy for everyone to collectively slow roll themselves without realizing it. Keeping the litigation moving forward keeps everyones' feet to the fire. For the same reason, I have been a vocal critic of the court not issuing a scheduling order when it should have pursuant to the Rules of Civil Procedure. The case would be a year or 9 months ahead of where it is.

Filing the motions doesn't delay settlement, if anything it pressures the parties to settle. There's nothing like an approaching trial date to encourage settlement. The only way you get there is to keep the litigation track moving.

I do have money "locked up." I was living in Italy when FTP closed and played to the end. Apparently I have more money in FTP than most players but far less than the biggest players. Economically and emotionally, I wrote off my FTP dollars (which were euros for me) a long time ago. It's always been part of my personality to book my losses and move on.

I only have low 5 figs locked and am goin insane...I can't guess how much Kirbinator has there but I know it would be a s*** ton more than most of us. Best o luck

Thank you. If the above is the case, why bother extending at all? Why didn't they just file the motions last week if it has no downside?

I'm going to assume Ray Bitar knew what he was talking about when he said in his email that Stars would pay employee salaries in July and then assume them as employees thereafter.

Presumably, that means we're very close, and this endless speculation about how long this could still drag out is silly.

Ray Bitar is habitual lier. His endless nonsense is farcical at this point. Perhaps DF or a FT employee could confirm/refute those details however.

This was wrote with an american/italian accent. You can actually hear it!

Diamond has already responded to someone questioning the truth to Bitar's email and why would he send it out if not true by responding: " Probably because it's true."

She also stated in regard to Isai's criminal charges as they may relate to any overarching deal with the DoJ that: "Resolving the issues in the civil case clearly would be part of the civil forfeiture of FTP's assets, and the purchase by PS. I have said all along, but no one believes it, that this deal, the one that we have discussed since April, is completely separate from the criminal charges facing individuals in the other case, and resolving the criminal case has never been part of the deal to buy assets."

Well so long as it's confirmed by someone who's not Ray.

I just saw a post in another thread that said FTP wasn't profitable in 2009/2010!

Really!? If that's true, I'm completely shocked. no level. Like pretend the big bad guys aren't stealing money, they're still not profitable? whaaat

Hush. We r done with that huge derail from a few days ago itt

I understand but it is pretty standard for people to rely on experts and reporters their judgement to understand the more complicated stuff happening... People are not smart enough nor do they have enough time to understand everything that happens in our complex world. But I guess you have your reasons to stop posting stuff like that, so I'll just have to try and understand what is happening now.

Please don't misunderstand, I am flattered that you count on my information that I can post, and, because of that, I take the responsibility to be accurate very seriously. It just makes it really difficult when people say they read my "mood" into my words and then adjust what I actually say based on their interpretation of that.

I agree with you. I think that those kind of posts pressure you unnecessarily. On the other hand it's understandable because people have no information and you are one of the few that they can rely on to say the truth.
So... please keep up

Indeed, props to DF <3

Thinking of blocking almost everyone in this thread except DF and a few others just to see how it reads.

zero

Or you could just follow her posts like most people do.