FTP's = shares? Only half serious but I do wonder how much monetary value the entire pool comes to. Of course this only has a chance if they are even considered a liability but in the case they are they might be worth a pretty penny.

As far as player money balances go the % of people included in the idea is probably pretty small ( % of ROW players w/ >100k for example). If less than one percent of ROW players are asked to make this choice and it could mean the difference between deal or no deal I think that small % would take it if they were offered some % of their balance immediately and the rest converted to equity.

I wouldn't be thrilled about it but some money in my pocket now + possible equity value later > no money now and maybe 5c on the dollar years from now.

Everytime I read this thread it's the same people with the same responses. Over and over. Do you people have anything better to do? It really sucks to have to sift through 6 pages of garbage to find the one post of any relevance.

It isn't going to stop. If you only want up to date accurate info on the subject just follow NoahSD/subject: poker and kevmath on twitter and don't bother opening any of the associated threads.

And my how time flies, one week shy of 6 months this has been going on. Have to say I never would have guessed we'd be in this situation a half a year out--at this point I would have thought we would surely have had resolution one way or the other. Bleh.

I have mentioned it before, but you don't seem to get it. Besides getting the DOJ to agree, Tapie needs to get the agreement of the various civil class action lawsuits by individual players. While so far, none of these has become certified, its just a matter of time and if the best Tapie can do is convert shares to equity, these lawsuits will continue, that you can bet on....the allegations will remain unchanged because in the laws eyes, cash does not equal equity unless ALL or the majority of the money player/debtors agree and sign off....and then the minority could still sue and cause all sorts of issues....this idea is an accident waiting to happen. And then, even if everyone were to accept and all the other lawsuits just went away, the lawsuits could still target the owners (unless they sneak in some general release, which I can't imagine anyone agreeing to), but then....where is the money that players need to play? Is Tapie going to offer some more virtual money! If he dreams of activity on the new FTP he needs people to deposit money - so where does that come from in your genius plan?

If FTP was in bankruptcy it might be different, but for some unknown reason (probably because the owners really think a white knight can bail them out of this disaster and that it will all go away once a buyer pays everyone their money) they are doing everything they can to avoid that....without a BK, it makes no sense to buy FTP because you have all these known lawsuits and probably a host of unknown potential ones that could pop up....look at the recent one in California claiming BOTs, Anti-trust and RICO....it's nuts, you have to put the company into receivership and then deal with the problems, until you wipe the sheet clean a deal doesn't make sense....a debt for equity swap might happen, but not until there is some sort of bankruptcy/liquidation or receivership on this I would agree with Harry.

Debt for equity swaps work in certain situations all the time, but mainly when institutional bond holder agree to it, this is vastly different and its impacts are wide ranging, but most of all these swaps primarily occur under a bankruptcy due to their complexity. Tapie knows this....I assure you....and you will see...your idea isn't going to work the way you envision it, in so many ways...


This is the smartest thing you have said yet, since you have talked to Tapie, you obviously realize what I realize...thanks for letting us know he knows it too...

I liked your posts much better when they had that delightful Italian singsong to them …

Look, the information re possibly allowing players to hold equity in the company is clearly just that, a possibility. If you had 600 ppl going to the investor, saying "don't pay me, just let me keep equity", what would you say if you were that investor? Sure its possible, lets think about it, perfectly reasonable imo.

First of all, just please lose the pipe dreams that such equity would amount to some significant ownership shares. AFAIK, GBT has no interest in being a public company at this time, and what's being suggested here (i.e. someone suggested a ridiculous 50%) would require an IPO. Not gonna happen.

Such a transfer to equity would also require the approval of the DOJ and any securities regulators, among others, which would be no small endeavor. That is not to say it isn't possible. There surely are players/account holders that may be interested in leaving their balance aboard as "shares"

Finally if any of the people that want this equity (the ones posting), have $10-20MM in CASH laying around that they would be interested in investing, that's a whole different ballgame. Contact me, and I will put you in touch with the right people. Be warned tho, this deal isnt hedging on you coming forward.

Diamond, I hate to disagree with you, but you would not need an IPO to convert all the players at least not the ROW players - it could be done with an private placement. As for the US players, that would be more complicated, but could still be done without an IPO. But I would agree, the legalities of doing it would be Herculean in the US and probably not worth it due to the regulatory issues (which is yet another issue).

It's going to be interesting to see if Tapie really will put in even $200M+ into FTP without a BK. You seem pretty confident, I am growing less confident with each one of his press releases. I am sure you know things, but it will be interesting if it actually happens - as I have posted, its one thing to demonstrate you have the money, it's another thing to write the check....I just don't see it, its not the Tapie's style. They know that on top of what ever they have to put up to pay players there will be a need for additional operational cash until the site is profitable - there is no chance they will be budgeting best case scenarios that the sites will be profitable for months (and thats more cash they have to set aside) and then there are the non DOJ lawsuits....but hey, time will tell.

Any word on the owners vote, one would have thought that was a certainty! Whats holding that up?

They are not virtual money in the BR, there are real money segregated in bank account when you have half of your bankroll in your account.
So, i am a player got same problems of others, i dont work for SITI, i look for my personal interest and interest of the players, for this in this situation i am just a supervisor player, for this i ask to cooperate with me for any solution.
I am the owner of the facebook page, and i start that page to find a solution, not to fight with peoples.

Why were you banned on assopoker?

cliffs from 29 sep till today? was out of the country and couldnt keep up...?

I just pointed out to some people saying untrue things.
documented online. perhaps too aggressively

and accuse me of clone. despite many people in the forum have stated that it is not true.

FTP sold to GBT, a few small details to iron out, site should be back online January 2012

IS THIS FO REAL?

lol, it's far from being sold.

http://forumserver.twoplustwo.com/29...fs-op-1089355/

Technically yeah, but the devil is in those small details. Like someone else suggested, best bet is ignore the gossip and read Subject Poker for the news.

I wonder if Xwink was the biggest withdrawal prior to BF

How does a thread that says "Cliffs in OP" in the thread title manage to get so many people posting "Cliffs plz"?

Team cardrunners vs isildur probably, hastings account had 5mill plus in it after that controversial match

Eh I meant like, xwink probably had the last biggest withdrawal

http://www.pokernewsdaily.com/editor...y-start-20328/

"Full Tilt Poker/Groupe Bernard Tapie Deal Off To Rocky Start"

Some good points here. How many players would accept shares in FTP as repayment of funds, especially if the old owners are allowed to buy back into the company (which seems outrageous to me that Bitar, Lederer, etc will actually ever have that opportunity)?

But even under new management, would the players who represent the largest 5% of accounts take FTP shares as a viable form of payment?

From the same editorial:

I count myself as one of the lucky 95% who will not be able to take advantage of this "excellent" offer.

Wow, that so-called "article" is awful.

Cliffs:
1.) ZOMG some current players might get equity!!!1!1!1!
2.) ZOMG some current owners might get equity!1!1!1!!1

Followed by a bunch of minor or irrelevant concerns about "fairness".

And no evidence whatsoever that these concerns somehow constitute a "rocky start".

Personally, I don't care WHO gets equity. Just give me my money.

Well this artcile is titled as an Editorial, so it's just opinion really, which I suppose forgives the fact that actual facts are mis-stated, not the least of which is that those 4 individuals have not been indicted. In addition, be clear, afaik, no one is being forced to accept equity ... the aim of the deal is to see that players are paid.

As for your last question, why not ask the people that presented a petition, spammed many times in this very thread, asking for this to be possible?