Veiled references to firing staff (US serving staff would be a good guess) and that they still believe they have a future and are working with investors.

Still no acknowledgment of how badly they've handled everything or an apology.

*yawn*

At least it's something.

Personally I don't give a **** about apologies

I want them to fix it

The AGCC hearing being held in private is super tilting, but I still maintain the same stance as I did previously... this can only help our situation. No potential investor wants all of FTP's dirty laundry aired out shortly before they invest.

A) Correct.
B) We are seeking immediately from FTP documentation of the balances owed to American players, which hopefully will solve the problem of trying to prove your balance. But yes, in the absence of that, screenshots, correspondence, whatever else you can think of.
C) A really long time is correct, but not ten years or more (I hope, lol). It's really hard to say because this is a unique case but my guess would be 3-4 years if it's litigated to completion.
D) Correct.
E) I answered questions regarding attorneys' fees earlier in this thread in response to a question from jhn_lundgren. I am not trying the case myself and my status as a named plaintiff doesn't entitle me to additional compensation.

this is their most promising statement released so far but that's not really saying much. Not gonna get my hopes up, though.

What part is promising?

Whats with releasing statements on obscure websites?

I've never even been to the pokerstrategy site before and doubt anyone outside 2p2 has any clue subjectpoker even exist.
They have tens of thousands of customers who haven't been able to log into their account in months and they can't even be bothered to post a press release on their website?

Nice how these press releases are never published to their own site.
And looking at the time stamp of that article, I wonder if staff found out by going online.

What is this garbage about reducing costs by 12m?

No amount of cost reduction will change the fact they don't have our money.

Perhaps the big hitch in finding an investor is their current operating expenses?

From AGCC's statement it looks like FTP asked for a further postponement of the hearing but got denied and got a private hearing instead as a compromise.

same bull**** over and over again...
pointless words and looks like everything they can do is another delay.
http://www.gamblingcontrol.org/FTP_statement.pdf

They are put on FTP website a day later.

I THINK it's because they are translated and want to put em online once they have all the translations, and they send it out early to some sites.

I do not read that statement as good at all. I read it as they are far from a deal and decided they did not have the right expertise on their team and have hired other advisors. I guess there may be one positive, if the reduction number is coming from a good independent analysis of how much they need to cut out of their yearly costs in order to viably achieve getting the investment package they are looking for. That is, if some one has analyzed FTP thouroughly and said "if you want to sell x for y, you need to trim 12M euros from operations to make that a reasonable sale for potential investors.". Where x is most likely some percentage of equity, but could conceivably be some other vehicle.

They posted the 2 previous statements on their site in press releases, but did so always a day behind after releasing to the news websites, most likely because they are paying off debt to those sites and these statements will surely bring traffic to those sites(like poker strategy).I am more then sure that this statement will also be posted on their FTP site in near future.

So next time you say they never publish their statements, you might want to look at official press releases.

Well, that's my plans for the next week out the window.

Has anyone heard an official reason why the hearings are being held "in camera?" Last time we actually heard some of the arguments to why the hearing should be held in camera. now we get a poor excuse for a press release.

Wasn't their earnings 12 million in each of the last 2 years?

I know they publish them on their site at some stage. I should have been more clear. They rarely go up on their site at time of writing that I know for sure.

Hopefully SOMETHING good happens on Monday. If TT suit wins or is settled I would think that would also include non-americans as well. They are not going to pay part imo.

The press releases are on FTP web site the next day. Their web staff take a day to put it up I guess.

How about spend 50k and hire a PR person. I'll chip in. Actually I already did

Just to tune in:
I don't think we are an "obscure website"

The reason why we have access to such information is because we are the world's largest poker website & are actively trying to get as much information as possible for our members, many of whom are affected & having their bankrolls frozen at Full Tilt.

Yes this is a non issue...... what the release says or does not say is a trifle more important

Something good is bound to happen on the 19th of September. I have my fingers crossed and haven't gave up yet.