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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) 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%
No
887 43.42%

08-28-2011 , 05:46 PM
Jeff was warned that this place is full of trolls, so we shouldn't worry about him being unpleasantly surprised, right?
08-28-2011 , 05:51 PM
Quote:
Originally Posted by josephthepimp
Mods can you please delete troll posts? Especially new accounts just posting to frustrate someone who is clearly trying to help.
Already done, but if you click the report to a moderator button, it will happen more quickly. (It's under the avatar.)
08-28-2011 , 05:52 PM
If nothing else, how about offering stock for the non-Americans who have balances trapped there? I got my money out personally after black friday, but some of my australian friends have five figures or more trapped and would happily buy stock in full tilt with the money if it means tilt is up and running again vs their money sits there worthless. Opt in program obviously, but how about asking players if they'll invest, then only going ahead if they get enough in pledges to get the site up and running again?

And again if it becomes a majority player owned site then that does a lot to restore confidence in the brand, especially if the new stockholders (say anyone with five figures plus invested) get a vote in how the company is run?

Just an idea.
08-28-2011 , 05:58 PM
Quote:
Originally Posted by jhn_lundgren
Where did you answer me? I didn't see such a post.

How did you interpret my query to Jeff as coming after you? The questions were posed to Jeff, not you. I used the collective "we" since a couple of class action suits have been filed, indicating widespread support for such legal redress.

I have a large amount of money tied up on FT. I will give consider filing my own suit at some point if it qppears a certainty that things are not going to get resolved. I haven't done so at this point.

I most likely will not be joining the Todd Terry class action and will probably opt out. The combination of not knowing the proper parties to sue and his voluntary dismissal of Gordon as a defendant are two of the reasons I won't join in. I've attempted to get an answer from Terry and he refused, saying that he "couldn't talk about it". Seems strange since he is attempting to represent me and all like persons in the same class and can't answer a question so germane to the lawsuit I could potentially be a plaintiff in.
Sigh, if that is supposed to be an apology, it falls short sir.

You can see how you shot you mouth off to me in post 553, which I already quoted to you.

Regardless, I cited you the legal basis on which PG was dismissed, which is exactly the way it was recorded in court. There needed to be no reason given under Rule 41(a)(1)(A)(i) of Federal Rules of Civil Procedure.

Furthermore, afaik, the class action complaint that you refer to has not been certified as yet, so you are not a party to it at this stage. TT et al have no obligation to discuss any of their strategy with you or anyone else tbh. However, you may want to reconsider opting out, since there always was, and still is, the chance that that action may be the ONLY way, you will see a dime of your money.
08-28-2011 , 06:07 PM
Quote:
Originally Posted by SwoopAE
If nothing else, how about offering stock for the non-Americans who have balances trapped there? I got my money out personally after black friday, but some of my australian friends have five figures or more trapped and would happily buy stock in full tilt with the money if it means tilt is up and running again vs their money sits there worthless. Opt in program obviously, but how about asking players if they'll invest, then only going ahead if they get enough in pledges to get the site up and running again?
How is it possible that a company facing bankruptcy doesnt convert these offerings into shares. It wont cost a thing because all the shares combined will propably be sold for $1 max so that is an instant reduction of the dept.

Ok some players want shares in the new company but that is also almost for free because the company can issue massive loads of new shares any time they want.
Mindbogling that they can rip us off but when we ourselves offered to rip us off they are silent.
08-28-2011 , 06:09 PM
Quote:
Originally Posted by Muuuurrph
Hey Jeff,

Welcome to 2plus2 and thanks for giving us any answers that you could. Just have a couple questions:

Why hasnt upper management issued any sort of apology for their ineptitude and actions that have put players in this situation? I know that there is a legal aspect to consider but it would mean way more if ray, howard, jesus, etc would say something instead of sending their lawyer (no offense). So far it seems that all management has done is try and place blame on other factors such as the doj, agcc, or payment processors. Can we expect some sort of apology from the ownership in these statements?
Yes, and I believe last week's statement from management specifically contained an apology.
08-28-2011 , 06:13 PM
Quote:
Originally Posted by Jeff Ifrah
Yes, and I believe last week's statement from management specifically contained an apology.
Is there a link to this statement/apology? I'm not questioning you, I just haven't seen it; I'm sure if it has been reported someone will be able to post a direct link or a link to a post quoting or citing it.
08-28-2011 , 06:14 PM
Quote:
Originally Posted by NoahSD
Jeff is not FTPDoug. FTPDoug is an Irish employee of FTP who's name is a bit unamerican, so he decided to go by Doug instead.
FTPDoug was pretty much always Shyam Markus for most of the last few number of years (same guy as TilterMarkus on the FTP forums).
08-28-2011 , 06:15 PM
Quote:
Originally Posted by SGT RJ
Is there a link to this statement/apology? I'm not questioning you, I just haven't seen it; I'm sure if it has been reported someone will be able to post a direct link or a link to a post quoting or citing it.
http://www.pokernews.com/news/2011/0...tors-10893.htm
08-28-2011 , 06:16 PM
Mr. Ifrah now September 15 is coming ... there is some possibility that fulltilt can also re-open before that date? or it can be said that it takes a long time to come?
08-28-2011 , 06:19 PM
Mr Ifrah,

Does FTP even know how much they owe to each individual players? There have been rumors that because of transfers that are in limbo and the "back log" that FTP's record books are not accurate.

- Thanks for taking the time to address us

I asked this earlier but I'm sure it's easy to miss some of the questions that have been asked. I'm just giving you another chance to see it...
08-28-2011 , 06:22 PM
Quote:
Originally Posted by Jeff Ifrah
Yes, and I believe last week's statement from management specifically contained an apology.
When someone gives apology for criminal acts , no one believes or forgives!

If you say we were a bunch of arrogant dumbasses that got caught with our pants down, and you are sorry, then most of us can personally relate. This is what I always thought FTP management was guilty of anyway! Still the damage to folks is massive. Thanks for trying to shed a little light, but FTPs statement must say something more!
08-28-2011 , 06:41 PM
Mr. Ifrah,

I'd like to restate a question that was asked before without answer: what percentage of player funds are currently available?

Also, are the remainder of these player funds currently being used to pay salaries, fees, etc?

If you could find out the answer to this I would appreciate it.
08-28-2011 , 06:42 PM
Quote:
Originally Posted by RANGERgfx
Ah yes, thank you, I actually did see that. I just forgot it contained the usual apology, mostly because I don't think their apology is worth anything at this point unless it's backed up by some significant changes in their communication and customer service policies going forward.

Again, that's not a dig at Mr. Ifrah, just my own complete disregard for the veracity of any apology from FTP. Words from them mean less than nothing at this point. Start fixing things, or quit apologizing, since you can't seriously expect anyone to believe it, IMO.
08-28-2011 , 06:46 PM
Jeff,

A couple of questions. Thanks for reading them, and I understand if you're busy with more pertinent questions to get to them. I'm not a legal mind.

First, regarding FTP's silence, I understand that they were bound by a confidentiality agreement in the exclusive negotiations. But did this really demand utter silence? Speaking for myself, I would have understood that the company was unable to go into details on their negotiations. However, it seems odd to me that a serious investor would demand total silence when that silence did daily damage to the brand. Was FTP really not allowed to say a simple "Hey guys, we're working for you" or did someone decide that no communication at all was a better strategy than minimal communication? In my opinion, FTP's silence was just as damaging as their mismanagement.

Second, is there any way a deal could be worked out with the AGCC that would allow FTP to reopen without being able to match player funds dollar for dollar? If FTP could come up with a reasonable plan and timeframe to pay back their players based on money generated through their games, to be monitored closely by AGCC, wouldn't that give players a much better chance of getting paid long-term? And if AGCC's main concern is players be paid, isn't it short-sighted of them to demand conditions that seem more likely to bankrupt FTP and have no one get paid?

Thanks again. I hope my questions are clear.
08-28-2011 , 06:47 PM
Quote:
Originally Posted by SGT RJ
Ah yes, thank you, I actually did see that. I just forgot it contained the usual apology, mostly because I don't think their apology is worth anything at this point unless it's backed up by some significant changes in their communication and customer service policies going forward.

Again, that's not a dig at Mr. Ifrah, just my own complete disregard for the veracity of any apology from FTP. Words from them mean less than nothing at this point. Start fixing things, or quit apologizing, since you can't seriously expect anyone to believe it, IMO.
This.

We appreciate what Mr. Ifrah is doing but reality is that nothing matters unless Full Tilt pays us our money back.
08-28-2011 , 06:47 PM
Jeff, is Fulltilt.fr in the same boat ? If potential investissors acquire FT and their US and non-US player base, will they automatically acquire FT.fr too ?

Will the French players get refund by fulltilt if ARJEL doesn't give back her agreement ?
08-28-2011 , 06:51 PM
Quote:
Originally Posted by Jeff Ifrah
Yes, and I believe last week's statement from management specifically contained an apology.
Ok thanks for reminding me of that. I just havent seen them say anything about mismanaging player funds or lying that player money was accounted for.
08-28-2011 , 06:57 PM
How do we know this is the real Ifrah, couldn't anyone just make an account and issue the same vague statements? I think some kid is giving you guys the run around. A real attorney would use the name Jeffrey, and would not be posting his phone number, nor would he have the time to bother with trolls and useless message forum chatter. IMO.
08-28-2011 , 06:59 PM
Quote:
Originally Posted by junglepork
How do we know this is the real Ifrah, couldn't anyone just make an account and issue the same vague statements? I think some kid is giving you guys the run around. A real attorney would use the name Jeffrey, and would not be posting his phone number, nor would he have the time to bother with trolls and useless message forum chatter. IMO.
I believe, NoahSD confirmed it.
08-28-2011 , 07:02 PM
Quote:
Originally Posted by ZeeJustin
Jeff, thank you for answering these questions.

1) Hypothetical - Let's assume worst case scenario in terms of investors: no one wants to invest a dime reopen FTP. If that happens, will players get paid back from whatever assets FTP has liquid or can sell (real estate, patents, etc.)? I understand there wouldn't be a complete payout; I'm asking if there would be a non-negligible partial payout to players in this situation.


2) What is your exact position with FTP, and what specific project have you been devoting your time to.


3) Will you ever be able to speak of the investor that had exclusive negotiations with FTP? We would all like to know who they were, but I understand if an NDA prevents you from ever saying who they were.


4) Can you give an estimate to how much money the DoJ has frozen?


5) FTP was considered to be a multi-billion dollar company 6 months ago. There must be extremely large assets somewhere, or owners with 9 figures of personal net worth. Is this not the case?

-any information you could give is very appreciated, thank you
-Justin Bonomo
these seem like some really good questions that was posted late last night. i'm guessing you missed them. i'm sure all of us would like to know the answer to these. thanks
08-28-2011 , 07:02 PM
Hello Mr ifrah and thx for your time!

Quote:
Originally Posted by Jeff Ifrah
A lot of you have asked this question, I am in no position to answer what the owners will do in such an event nor answer what DOJ may be willing to do. But I will tell you this, I will raise these points directly with these parties immediately.
So, what did they say? (it was about owners putting their own money to pay us back)
08-28-2011 , 07:18 PM
Noah, wouldnt it make sense for someone to compile a list of questions and those questions that have been answered (FAQ) so the same questions dont get repeated.

Before you ask I have no interest in doing it as personally I havnt seen any value in this Q&A so far.
08-28-2011 , 07:19 PM
Quote:
Originally Posted by Jeff Ifrah
I have answered this question three times. I thought maybe you read it and did not accept it. Perhaps not. I originally posted to say a company statement was on its way and apologized for not having a statement sooner. Until such a statement issues, I offered to answer whatever questions I can. I believe you are all entitled to what I can share with you as long as it is not privileged or confidential. Hope that helps answer your question.
Jeff,

I hope you take the time to read this because I think it's important that you understand what's going on here. People keep asking because you aren't really answering the question. You keep reiterating that you're here to answer questions, etc., but that's not what people are asking. People are asking about your MOTIVE for doing all of this. You said you aren't billing FTP for this, etc., so people are wondering why you're even bothering. This is what they want you to address.

You probably take it for granted that we should realize that what you're doing is just good business on your part (which is how I see it), but you need to understand how suspicious and jaded people have become around here (rightfully or not) towards anything coming from FTP or anyone associated with them. Without going into details, anything you say or do is going to be viewed under a microscope, people will read between the lines on EVERYTHING you say, and anything you don't explicitly state will be seen as "A HAH! We're getting the runaround again guys! FML it's over boys, GG FT blah blah blah". (p.s. that was a bunch of 2p2 poker slang, don't worry about understanding it).

You may not realize it, but some people are convinced that what you're doing must be part of some kind of plot to scam/lie/cheat us all out of our money, etc. After all of the silence and stuff we heard from FTP early on that never came to fruition (including YOU releasing a statement that a deal would be done "soon" back several months ago which obviously didn't happen), It's somewhat understandable.

Really, all you need to do is give us your motive for doing all of this that isn't "FTP is using me to leak b.s. to all of you to keep you all at bay while Howard and Ray continue to embezzle as much money as they can out of your funds", and you won't have to answer this question anymore. Like I said, it seems obvious to me that what you're doing is beneficial for all parties involved, both the players and FTP (and therefore your clients), but people just want to hear that out of your mouth. They may not believe you, but the fact that you keep misunderstanding the question is just fueling the fire.

BTW, I don't really have any questions for you that haven't already been asked, but I needed to clear this up. And thanks for answering the questions you have been able to thusfar.
08-28-2011 , 07:32 PM
now that ftp isn't serving US, is it possible we will see a full tilt poker casino and or sportsbook, if and hopefully when ftp re-opens :-p!?!?

      
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