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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%

09-01-2011 , 07:58 PM
Quote:
Originally Posted by DoTheMath
Yeah but you have to hover over every likely word looking for links. I wish you underlined them. I didn't see the link at al until you mentioned it in your follow-up post here (Thx for that, btw).
Aren't the linked words in red? And they underline themselves when you hover over them too.
09-01-2011 , 08:00 PM
Quote:
Originally Posted by Mycology
I dont want Your money, but if everybody getting paid gets us all 1 cent on the dollar, i'd much rather the RoW get 0 cents on the dollar so americans can get 10 cents on the dollar... why? Because you can go take your 50 pesos and deposit on pokerstars and have a HUGE field to play with and make more money. Americans do not have this option, so for those of us who depended on online poker as main or side income, we need a bit more than 1 cent on the dollar.
Typical selfish American. I have 25k on Full Tilt and don't have the money to play on other sites atm and probably need my money a lot more than you need your money but yeah...It makes total sense to give everyone 0$ and give you guys 10% of your roll back just because we can still play. Shut your greedy ass up.
09-01-2011 , 08:04 PM
Quote:
Originally Posted by Mycology
vamoose I think you are over-estimating the ability of the rest of the world to pressure the United States.

Previously I wanted the entire world to get paid, but now, it seems there isn't much left to go around if we are going to get anything at all, and frankly, the rest of the world can still play online poker on the bigger and now much better pokerstars. Americans dont have that option, screw the RoW.
lol and i had some sympathy with you this morning when i read your complaints about your situation. you're a scumbag.
09-01-2011 , 08:05 PM
Quote:
Originally Posted by sleight_hand
Wow. Surely this won't happen. If we ever see our money again, surely the class action is dropped, or the treble damages are dispersed to cover worldwide player money shortfall.

It would be pretty lol hypocritical if US players lined their pockets with extra loot than they are owed at the expense of others.
Well, Mr. Terry monitors this thread, and from time to time posts in it. Perhaps he will be good enough to drop by and give you assurances that, in the event that the plaintiffs, after paying their lawyers, bag more than their losses, he will set up some mechanism to reimburse ROTW players.

Me, I'm not holding my breath ... at least in part because I doubt, if the suit is sucessful, that enough value will be recovered to pay the lawyers and cover all US players' losses.
09-01-2011 , 08:17 PM
Quote:
Originally Posted by DoTheMath
Well, Mr. Terry monitors this thread, and from time to time posts in it. Perhaps he will be good enough to drop by and give you assurances that, in the event that the plaintiffs, after paying their lawyers, bag more than their losses, he will set up some mechanism to reimburse ROTW players.

Me, I'm not holding my breath ... at least in part because I doubt, if the suit is sucessful, that enough value will be recovered to pay the lawyers and cover all US players' losses.
I wonder why TT excluded ROW players in the first place. I thought we were all equal victims here.
09-01-2011 , 08:20 PM
Quote:
Originally Posted by FTP
Typical selfish American. I have 25k on Full Tilt and don't have the money to play on other sites atm and probably need my money a lot more than you need your money but yeah...It makes total sense to give everyone 0$ and give you guys 10% of your roll back just because we can still play. Shut your greedy ass up.

Typical over reaction, Let me spell it out for you. If we all get 1 cent on the dollar, we may as well drop our 1 cents on the dollar in a wishing well and pray for world peace or an end to world hunger or a cure for Aids.

If the non-american playerbase gets their 1 cent on the dollar and dont want to put it in a wishing well, they can deposit on pokerstars and get "back to work" in a field that is better than ever because Americans are no longer a part of the field.

If Americans get their 1 cent on the dollar and dont want to drop it in a wishing well, you know what they're gonna be able to do with it? Barely cover a fraction of the bills they have to pay, barely feed themselves (or their families) and still search for a new career / job because online poker is no longer an option.

Typical american haters view this as if our roads really are paved with gold. You guys do know thats just a saying right? **** is expensive here, and we dont have the option to hop into another game and make it all back, we have to go get real work while you get to go play on pokerstars.

You got $50? Thats all you need. Get back to work. I got $50? I need to use that to eat and pay a fraction of my bills while looking for a new job.

Use your heads please. I am not my government, I am not the DOJ, stop acting as if I told the DOJ to shut down online poker or that i'm responsible for their actions. I guess i'm a "scumbag" for wanting the rest of the world to forfeit their 1cent on the dollar so that I can continue to feed myself while looking for a JOB.

I've said from day 1 i'd rather have online poker back than have my money back, I would be grinding my way through $1 tournies right now if I were you boys but instead you're here when you could be "working" the tables instead of posting in 2+2. You have the luxury of being able to play. Ingrates.
09-01-2011 , 08:20 PM
Quote:
Originally Posted by DoTheMath
Me, I'm not holding my breath ... at least in part because I doubt, if the suit is sucessful, that enough value will be recovered to pay the lawyers and cover all US players' losses.
My thoughts exactly. The outcome of the US getting more than what they are owed and the ROW getting 0 is so far beyond unlikely that it's not really worth speculating about.

It's just that your original post just painted a very grim picture for the ROW based on the fact that the class action is chasing treble damages for US players.
09-01-2011 , 08:21 PM
ugh i just saw the post about that the US class action suit would get first grabs at money before international players. If true that has just destroyed my soul.

so sick that all of this happened because of USA laws and USA players still finding ways/being allowed to play, its not illegal in canada. We get burned into not being able to play because of the states, and now on top of that you get first grab at any available money?

ugh so sick. Uber unfair.
09-01-2011 , 08:21 PM
Quote:
Originally Posted by FTP
Typical selfish American. I have 25k on Full Tilt and don't have the money to play on other sites atm and probably need my money a lot more than you need your money but yeah...It makes total sense to give everyone 0$ and give you guys 10% of your roll back just because we can still play. Shut your greedy ass up.
Hopefully all players get their appropriate piece of whatever sliver of pie remains but it wouldn't be surprising to find there are no legal means in place to ensure such fairness.
09-01-2011 , 08:25 PM
Obviously the ROW wants to deny the likelihood of the US being paid out and the ROW being stiffed because it does suck and clearly is not fair. But the reality of the situation is that the EV for an American is undeniably higher right now than a ROW player.
09-01-2011 , 08:28 PM
Quote:
Originally Posted by Mycology
Typical over reaction, Let me spell it out for you. If we all get 1 cent on the dollar, we may as well drop our 1 cents on the dollar in a wishing well and pray for world peace or an end to world hunger or a cure for Aids.

If the non-american playerbase gets their 1 cent on the dollar and dont want to put it in a wishing well, they can deposit on pokerstars and get "back to work" in a field that is better than ever because Americans are no longer a part of the field.

If Americans get their 1 cent on the dollar and dont want to drop it in a wishing well, you know what they're gonna be able to do with it? Barely cover a fraction of the bills they have to pay, barely feed themselves (or their families) and still search for a new career / job because online poker is no longer an option.

Typical american haters view this as if our roads really are paved with gold. You guys do know thats just a saying right? **** is expensive here, and we dont have the option to hop into another game and make it all back, we have to go get real work while you get to go play on pokerstars.

You got $50? Thats all you need. Get back to work. I got $50? I need to use that to eat and pay a fraction of my bills while looking for a new job.

Use your heads please. I am not my government, I am not the DOJ, stop acting as if I told the DOJ to shut down online poker or that i'm responsible for their actions. I guess i'm a "scumbag" for wanted the rest of the world to forfeit their 1cent on the dollar so that I can continue to feed myself while looking for a JOB.

I've said from day 1 i'd rather have online poker back than have my money back, I would be grinding my way through $1 tournies right now if I were you boys but instead you're here when you could be "working" the tables instead of posting in 2+2. You have the luxury of being able to play. Ingrates.
We never said this. YOU said the WE should be liable for what YOUR government has decided to do. We never said you were responsible, but somehow you think we are?

Let me spell it out for YOU - We are all advocating for everyone to get their rightful share. You are advocating that US players get the lot.

Who's being unreasonable here?
09-01-2011 , 08:28 PM
Quote:
Originally Posted by Readzie
so sick that all of this happened because of USA laws and USA players still finding ways/being allowed to play, its not illegal in canada. We get burned into not being able to play because of the states, and now on top of that you get first grab at any available money?
Yeah, well sick. ROW will always be quietly wondering whether FTP fleeced the est. $170m ROW players funds, or whether the DOJ whipped it from our poker economy.

They be as popular as a ginger stepson

Move thread to BBV IMO

Such photoshops to include 'The American Job'

Ah, I hear the voice of reason......
09-01-2011 , 08:29 PM
I'm pretty sure Terry couldn't have included non-US players in the suit - they would have no legal standing in a US court. But he or another lawyer would have to verify that, I'm not a lawyer myself.

And people saying that US accounts should be worth more than everyone else's is just being silly and kinda greedy. Players accounts should be treated equally; US players inability to play on the site doesn't give them special standing in regards to the worth of their current accounts.
09-01-2011 , 08:29 PM
Quote:
Originally Posted by jweez
Obviously the ROW wants to deny the likelihood of the US being paid out and the ROW being stiffed because it does suck and clearly is not fair. But the reality of the situation is that the EV for an American is undeniably higher right now than a ROW player.
If you are hoping for the lawsuit to get your money back, how much do you even think you're going to get? You do realise even if you get put above the ROW players you're still under everyone else?

People need to stop hoping for the lawsuit because you'd probably get like 1c on the dollar.
09-01-2011 , 08:31 PM
Quote:
Originally Posted by Mycology
I dont want Your money, but if everybody getting paid gets us all 1 cent on the dollar, i'd much rather the RoW get 0 cents on the dollar so americans can get 10 cents on the dollar... why? Because you can go take your 50 pesos and deposit on pokerstars and have a HUGE field to play with and make more money. Americans do not have this option, so for those of us who depended on online poker as main or side income, we need a bit more than 1 cent on the dollar.
Actually they should pay the ROW and not US players if it comes down to it. The DOJ caused some of what happened so why should non US players pay the price
09-01-2011 , 08:32 PM
Quote:
Originally Posted by SGT RJ
And people saying that US accounts should be worth more than everyone else's is just being silly and kinda greedy. Players accounts should be treated equally; US players inability to play on the site doesn't give them special standing in regards to the worth of their current accounts.
QFMFT.

Seriously.
09-01-2011 , 08:33 PM
Quote:
Originally Posted by bbfg
If you are hoping for the lawsuit to get your money back, how much do you even think you're going to get? You do realise even if you get put above the ROW players you're still under everyone else?

People need to stop hoping for the lawsuit because you'd probably get like 1c on the dollar.
You make no sense. Even if we get 1c on the dollar from the lawsuit that's still (0.01*Bankroll*% of winning lawsuit) EV higher than you.
09-01-2011 , 08:35 PM
This is gonna cause this forum to go US vs. ROW (or ROW vs. US more appropriately). Kinda just like every other facet of the world lol.
09-01-2011 , 08:38 PM
Quote:
Originally Posted by mrwalken
I think Mike speculated that the owners may collectively have about $50M. He didn't say he thought they were willing to put it back into FTP. He basically said the opposite--that they wouldn't give up all the money they have made their whole lives for this.
I think he said 70M but he made it clear he wasn't willing to give anything back. He said if he had 10M he would buy players balances worth of 7M(or 3M can't remember) but he doesn't have that kind of money. He claimed he was under-paid and he was more worried about his own financial future than for the unpaid players. I suppose many Team Full Tilt members would say similar things and wouldn't risk their own money by re-investing in FTP.
09-01-2011 , 08:41 PM
Quote:
Originally Posted by jweez
You make no sense. Even if we get 1c on the dollar from the lawsuit that's still (0.01*Bankroll*% of winning lawsuit) EV higher than you.
I'm saying if you're hoping for the ****ing lawsuit to get your money back you should probably just stop caring right as it's going to be a long time from now and not a lot. DO also remember that in the case of a bankruptcy there is value to invest in ROW players but not in US players.

But that's not even the point, what I'm saying is, people need to stop hoping for bankruptcy, it won't give you ****. Hope that a deal comes through.
09-01-2011 , 08:43 PM
Quote:
Originally Posted by jweez
This is gonna cause this forum to go US vs. ROW (or ROW vs. US more appropriately). Kinda just like every other facet of the world lol.
Let's hope not. I feel for American players, I feel for the ROW players.

It's just insulting that some people would actually be O.K with throwing other players under the bus for their own gain. How is this different to what FTP has done?

Like I said earlier, a situation like this should be bringing people together, not make us turn on each other.

How large sums of money have the ability to cut through some people's moral fibre just saddens me to no end.
09-01-2011 , 08:44 PM
My point stands. The situation overall is worse for American players who depended on online poker. ROW can still play online poker, and in a player pool which is arguably better than ever before due to lack of American playerbase from what i've read.

Non-Americans who are broke right now because of this mess can still go deposit $10 on pokerstars and play some penny games and grind their fishy butts back up to where they were.

Americans who are broke right now because of this mess CAN NOT do this, and may NEVER be able to do this again and are looking for real jobs in a already broken job market.

People arguing from the ROW to get their 1cent on the dollar when they could be re-building their rolls already are pretty pathetic. You're arguing for 1cent on the dollar when you could be playing online poker right now on a huge and reliable site. I'd switch spots in a heartbeat if I could, ROW.

I wish with all my heart that we could ALL get paid ALL of our money. Not going to happen, and there's going to be very, very little to go around. If I knew I would only be getting a $5 of my $15,000 back, whats the point?
09-01-2011 , 08:44 PM
Quote:
Originally Posted by bbfg
I'm saying if you're hoping for the ****ing lawsuit to get your money back you should probably just stop caring right as it's going to be a long time from now and not a lot. DO also remember that in the case of a bankruptcy there is value to invest in ROW players but not in US players.

But that's not even the point, what I'm saying is, people need to stop hoping for bankruptcy, it won't give you ****. Hope that a deal comes through.
So you're telling us what we can and cannot hope for?
09-01-2011 , 08:47 PM
Quote:
Originally Posted by SGT RJ
I'm pretty sure Terry couldn't have included non-US players in the suit - they would have no legal standing in a US court. But he or another lawyer would have to verify that, I'm not a lawyer myself.
He kind of did - the style of cause is "Steven Segal, Nick Hammer, Robin Hougdahl, and Todd Terry, on behalf of themselves and all other similarly situated" versus the 24 defendants.

Working out who "all other similarly situated" is always the big question, but I think what excludes non-US players is the fact that we aren't "similarly situated": all the rest of us were able to keep playing on (and withdrawing from) FTP after Black Friday.
09-01-2011 , 08:48 PM
Quote:
Originally Posted by spino1i
Realistically how does the RoW get paid? The problem is that the owners are all Americans, and so the American lawsuit of TT would clear first.
That the ultimate owners of FTP are American is not itself a bar to ROTW players getting paid. It comes down to where the assets are located, which court gets their hands on which assets, and who petitions the court.

If a court somewhere in Europe determines that a company in its jurisdiction owes money to a plaintiff, and that company has assets in the jurisdiction, it doesn't matter that the company is ultimately owned by Americans through some convoluted set of holding companies. The court could sieze the assets and allocate them to the plainiffs. Well, it could in some Eupropean jurisdicions. It is not so clear that it can happen in Alderney, where it is likely the debtor companies are organized.

Another problem is that the obvious debtor companies, Vantage, Oxalic, Orinic, and Filco, probably are structured in such a way as to have virtually no assets at this time. That is a problem, because those are the companies that, holding licences, were supposed to have enough cash to cover player accounts.

The European company that almost certainly does currently have some assets is Pocket Kings, but it is not clear that it can be shown that PK has a debt to the players.

For a European court to hand over assets of a European company, somebody is going to have to appear before that court. So far the only people known to have taken action that could lead them to appear before a European court attempting to get assets there are in North America: the DOJ and the plantiffs in the two CA suits. Hence my surprise that European (and other ROTW) players with significant balances on FTP haven't been seen to be talking about researching and coordinating possible legal action in Europe.

Last edited by DoTheMath; 09-01-2011 at 08:58 PM. Reason: clarity?

      
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