Well.. there's a difference between immediate costs and long-term costs. That's true both because of the fact that money today is worth more than money tomorrow and because an investor might be able to pay long-term costs with profits from FTP.

i lost/spewed alot of my irl $ right before BF due to some excessive spending/drunk degenning/runbad pokering at our new casino and some other unforeseen things. i was pulling out half my 20kish br to fix that, rebuild at 100nl and get some much needed dental work ( 2k root canal etc). never got any of it, obv much of that is stuck in limbo and the rest in ray/howard's wallet. hopefully this tooth abscess doesn't kill me before i get my money or save up enough working (lol).

i've already kissed the money goodbye and stopped playing cards for the time being. i enjoy my new parttime job and enjoy meeting alot of cool ppl that normally wouldnt randomly stop by my living room. drinking alot helps too.

working sucks obv but its not that bad and the break from poker is nice. my brain is starting to come back to normal too after being totally fried 16-24 tabling for 3-4 yrs straight (special thx to rush). life goes on and ill be back and better than ever when this crazy ****storm clears up. getting my 20k back would be a pretty sick bonus though.



in b4 [x] cool story bro

I was in a company that went BR several years ago. State and IRS guys eventully came after Officers and COB and directors for back taxes sales tax and such. Regular shareholders were not bothered. IDK if this is what would occur with FTP or not since there are so many differences. 2+2 lawyers will likely know!

Furthermore, an operational FTP under new management would have a decent shot at securing loans or immediately reselling part of the company to cover long term expenses after they get it reopened and pay players.

Yes, but if FTP would want to restore trust they need to guarantee player funds are segregated at least for the first few years. You obviously need a whole lot of money to run a company like FTP and not run into cashflow problems, especially given what needs to be done to make FTP profitable again. Basicly what I'm saying is I don't think an investor would look at it and think they "only" need to sink 300 million for the required AGCC account in this.

The way you phrased this makes it seem as if he told you that he won't be posting anymore? Did he mention why?

it was big under-dog to get 40 cent per 1$, now it likes to catch a two outers on the river to get 25 cent per 1$...

A 200M fine payable over 4 years could mean that all the profits from that period go to the DOJ. In fact, given the risks involved, 200M in profits is probably the best case scenario for FTP. Such a large fine would block any deal in my opinion. What about the funds already seized. Aren't these enough to cover the fine?

So why exactly is Ifrah no longer posting here? Is it because he lied and told us most of our questions would be answered and then they didn't answer ****?

I don't think he ever said that most of our questions would be answered. I think he said he'd forward them along.

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Noah, does Jeff have a reason he's no longer posting here?

If Full Tilt can't come up with $300 million by Sept. 15th is there even a reason to have a hearing except maybe to show up and say "we don't have the $300 million but we're working on it" ?


Coming up with $300 million to satisfy the Aldernery gaming commission's requirements has to be the nail in FT's coffin doesn't it? Add in operating costs and DOJ fees.

FWIW, in the emails we did exchange of the past few days, he genuinely did want the players' concerns/questions heard/answered by FTP. I guess we'll just have to wait and see what this next statement brings, if it ever comes that is .

After BF, if these selfish idiots put 70M or so of their own money into the company, combined with the cash FTP had at that time they would have been able to pay all the US players. If that happened, AGCC wouldn't pull the plug, they can continue to operate just like PS and we wouldn't be in this mess now. I am sure they regret that now as they stand to lose much more at this point.

its been so long, i cant even remember what the purpose of the original hearing was...anyone refresh my memory?

When the AGCC suspends someone's license, they hold a hearing. Those are the rules. That's the purpose of the hearing.

They haven't even quite said why they suspended the license.

Yes he did. In many of his responses he said something along the lines of 'this will be answered/addressed in the statement'.

edit: well I guess we have to see the other 2 supposed statements before we can really know if most questions get answered

I can't wait to see Ivey, Lederer, and others in cuffs and shackles being led into / out of a courtroom.

What makes you think that that will happen? The people you're thinking of haven't been indicted and paid fancy lawyers to structure the business so that it wouldn't happen.

Let's just say that someone like Ray Bitar wasn't smart enough to put this whole thing together. And if he's ever in custody Im willing to bet he's gonna squeal in order to get a lesser sentence. After all aren't we in this position because some aussie guy spilled the beans. Plus, if you follow the trail of money, something tells me its gonna lead to the original founders. Having said all this, it depends on how serious the DOJ/SDNY are in getting to the bottom of this.

Just hoping, I suppose, that if there is such Karmic injustice in this world for us all to get ****ed so hard, that there will be an opposite and equal karmic justice that makes those who ****ed us get equally ****ed themselves.

I have faith in Karma and I believe these guys will not go unpunished. I hope, for their sakes and out of just being a good person, that their punishment is legal in nature and not vigilante.

As much pain as this has caused I agree. However, I would give much greater odds to someone taking it upon themselves to exact revenge outside the law before any legit legal action would be finalized.

If you believe in karma, you should know that karma is not repaid in one lifetime.

Yeah but i'm American and I demand my Karma NOW damnit!!!

frankly I really don't care if a vigiliante gives me the sense of revenge / justice i'm looking for, but these guys don't deserve the "easy way out". They deserve to spend their time rotting in jail, having their fruit-cups stolen from them by Bubba, and being his meat pillow every night.