It's Partouche. Love'em. Beat them for mid 6-figures in Cannes many years ago.

http://www.youtube.com/watch?v=fGxdc...&feature=feedu

Tom Dwan interview on fox news.

Warning: kind of painful to watch, as is most of dwans media appearances.

The only people who have ever actually claimed there was a "serious investor" were those directly tied to FTP who had a fiscal interest in keeping up the illusion of a white knight riding in to save the company.

It is extremely unlikely that any actual serious investor, having done any real level of due diligence, would take on the corporate liability that is Full Tilt Poker, even before the amended civil complaint was filed. Because they aren't doing their due diligence without uncovering the actual financial position of FTP, which is pretty much what was revealed to the rest of us yesterday. Due diligence done under appropriate NDA's would have already clued in potential investors of what we now know.

just recently,

whether or not it's true, at least they know how to keep it interesting, considering a european or asian b&m gaming company is clearly the best fit.

Probably time 60 minutes did a black friday speical.

Ive emailed them and asked them to include noahsd as an expert.

It was fox business fwiw, and where else is he going to get that many viewers?

Information overload...gonna take days to go through all the legal paperwork and reading all the comments by the Dwan's and Hansens and Furst's etc etc that are invariably going to be coming out more and more over the coming days.

This.

Shareholders are not to blame. Its the directors who you want to go after

New Subject:Poker article on potential FTP investors:

http://www.subjectpoker.com/2011/09/french-investors/

Yep posted myself already but I guess Mods prefer it be buried news. Its definitely BIG news and deserved its own threat but I guess management felt otherwise.

http://www.subjectpoker.com/2011/09/french-investors/

Agh...Another Investor....another LOI....More hope for people to grasp at....

Cliff's from the other Thread in addition to this story:

1. Deal to close by Sept 30th (God knows how), but can be extended.
2. Two investors dropped out due to the DOJ comments about a Ponzi Scheme.
3. JI now says that it would be better if AGCC didn't revoke and they did it wouldn't necessarily kill a deal.
4. Investor has shown proof of funds.

One comment here...I have done a lot of deals and LOIs fall through a lot, so keep that in mind. But this sounds like a credible LOI, but showing proof of funds is pretty standard in an LOI (apparently this didn't happen with SA).

For the life of me, I cannot see how this is getting done, but I will not rule it out, stranger things have happened. I give them credit for their uncanny ability to keep pulling rabbits out of the hat though....But who knows....

what chance is for this? and i guess it's our LAST chance.

I actually responded to this in the Ifrah thread. I don't want to bury it, but having another thread with people just saying stuff about the article feels like too much; it really belonged in the Ifrah thread, IMO, but it's been crossed posted in every major FTP thread running. We have to draw the line somewhere.

If another mod disagrees it can always be reopened, or just bumped by a mod to make sure the headline and article stays on the NVG front page but not allowing people to post and giving us another thread to mod, which, let's face it, probably wouldn't generate any posts that won't be talked about in any of the other FTP/AGCC threads.

Only the investor knows how serious they are.....not even FTP can be sure...its a game of cat and mouse in these things.....but if they really want it, then it will happen. But to be honest, only they know how bad they want it and a million things can trip these things up....and I am not exaggerating when I say a million things...stupid things kill deals all the time...sometimes people just have get buyers remorse before they close....

All I can tell you is that an LOI, isn't an agreement to buy...it basically permission by the seller to give the buyer exclusivity to take a look around and spend a few bucks to decide if they want it...

Does anyone else think that Ivey is working with the Feds? He owns at least 5% of FTP and how did the DOJ get those internal emails?

We think there is a hint of optimism in your post.
This makes us feel pretty good

i feel up and down last few months..
i hear "new investors" = i love you all..
then another comment "possible bankrupcy" ... =oh god i wanna kill myself..
and again comment " new deal is near" = great, it's awesome...
and again " no investors found, ponzi scheme etc" = i hate everything and im so sad... it's a nightmare...
18k is 18k$ which is most of my bankroll :-/

Did you even read the article? This is being done in consultation with the DOJ. Part of the purchase agreement would be a settlement with DOJ.
The DOJ isn't the enemy here folks. Nobody told FTP to do all the banking crap they did IN ADDITION to using player money for distributions.

Chit just got exciting!

1. New French investors at the 11th hour?
2. AGCC probably have revoked the licence?
3. Could the loss of the licence break this latest deal?
4. Are new investors prepared to wait 3 months for new AGCC licence?
5. Jeff Ifrah giving it the large emo (so nice of him to eventually return)
6. DOJ's timely statement to coincide with AGCC hearing (does this seem almost vindictive to anyone else?)
7. Will we eventually get paid ?

The ultimate coinflip . . . .

If you get an LOI its always better than not having one. So there is a hint of optimism...but I remain skeptical, because I know how often these things fall through and this deal has to have a lot of holes, but at least yeah....I cannot possibly say its negative. And whats more the buyer wasn't scared off by the Ponzi remarks which would have scared a ton of buyers, so perhaps they have done the analysis the InsidePokerman has done and come to those same conclusions that FTP is a steal at $300-$400M, not something I agree with. We shall see one way or another, but I will say it will take a lot longer then Sept 30th to close this deal, so on that I am not optimistic.

Here is what I will say for sure: I genuinely hope it happens for everyones sake who has money on the site.

I know a lot of people get the ****s with you when you post but you are very well read and your posts are extremely well researched with useful information.
You deserve some credit in here.

Cheers

IF FTP was bought and management overhauled and FTP became regulated, would you guys play there again?

In a heartbeat as long as they can transparently show me my monies

No. It won't be the same (fishiness, iron man/rakeback, choice of games, tournaments, traffic, etc)