I'm pretty sure full tilt didn't care about their software being exploitable or not... And neither did kahnawakee or Alderney. I'm not saying you could do it in two months but 6 million and a year to work with it could be done. Not that it matters, nothing can really go up against pokerstars now in row or government run online in us

If they sell up due to the GBT deal falling through how would the player database become part of the software bundle???


Software is software ,,, personal data is a whole other kettle of fish no ???

True but you'd think the software on it's own isn't worth buying. I mean you want to enter the industry against the rest of the giants out there with no liquidity. Might as well dig it's grave now. I think you need to buy the software and the DB.

I stand to lose a big chunk of my net worth if the deal fails , but if they sell for $35million we stand to get 10c on the $1 if we are lucky i don't believe any other company has the right to come in and swoop this software only deal when the fact of the matter is that the DOJ has seized/frozen accounts belonging to FTP and the phantom deposits all came from US players , the ROW players are getting completely shafted if thisis allowed to go through IMHO

1) If the deal is "software only", then you have nothing to worry about, DUCY?

2) If the GBT deal falls through, FTP will not be selling anything, unless the DoJ loses in court. It will be the DoJ selling.

3) If the DoJ gets the assets, but cannot find a single buyer willing to purchase the whole lot, they might very well try to sell assets individually, including the contact list.

4) The contact list isn't worth as much as you think it is, so the DoJ won't try very hard to sell it as a separate (or is that seperate?) asset.

What are the odds the deal not going ahead with GBT?

I'll never forget a few months after I quit playing on ultimate bet,(years ago) Some guy calls me up asking why I haven't been playing on their site and when they could expect me back..as if I owed them something. He got pretty aggressive when I told him I was playing on full tilt. Wish I had moved to pokerstars but I liked having my character's viewpoint at 6 o'clock on the poker table... ah well maybe if my info gets sold the new full tilt will call me up and ask why I'm not putting more money on their site

Very disturbing

The odds of the deal going ahead are exactly 50/50

No. Revenue does not equal profit.

Just because FT could not run a profitable business does not devalue the software.

Deal will happen for sure

Would you bet your balls on it?

OK. So we are in agreement. Those who are responsible pay. And those who are not responsible don't pay. Now the only problem is you still talk about owners as if they were responsible. Your comments seem to indicate you think owners are responsible because, by being owners, they knew what was going on. I agree that any owner who knew what was going on would share responsibility.

Being an owner does not mean you are involved in running the company. In many corporations, most of the owners are not involved in its management. The owners do not know what is going on. There is evidence that this is true of most owners of FTP. There is no evidence that FTP's non-director owners knew what was going on. If there was sufficient evidence that the non-director owners had guilty knowledge about the distributions, then the law would do exactly what you want it to do: charge those owners.

The problem here is not with the law, or with the lawyers. The problem is that you imagine, without any evidence, that owners must have known the distributions were improper. Just because there were only about 23 owners, it does not follow that they all must have been involved in decision-making. There is evidence (some of which may already have been presented in court) that at least some of FTP's owners had no involvement in or knowledge of decisions about distributions. In most civilized countries one is innocent until proven guilty. Without proof of involvement, the law is not going to go after the owners.

Directors are in a different situation. Directors who did not know what was going on are not immune from responsibility. In fact, a director who disagreed with what was going on is not immune. When one becomes a director, one accepts joint responsibility for the actions for the board, and the board has certain responsibilities. The board is responsible for all distributions. A difference between directors and owners is that the position of director carries duties that the position of owner does not.

It is not reasonble for you to assume that an owner knew what management was doing, or that the distributions were improper. They had no duty to know, and there is no evidence that they knew. It would be reasonable to assume that directors knew these things because it was their duty to know. Even if they were negligent in their duty, and didn't actually know, they still don't escape the responsibility that they took on when they agreed to become directors.

That control system is called the board of directors. They are responsbile for directing management. It is their duty to know what management is doing. The board of directors is appointed by the owners to take care of those things that you seem to assume the owners are doing.

Ferguson and Lederer and Bitar and Furst are the ones responsible and they will have to pay the full amount. If they connot, there is a chance that other owners will have to pay something, but that will not be because they knew anything, nor because they were responsible for improper payments.

Somebody with $30M may have good poker software in a year or two, or they may have bug-ridden trash. Somebody who buys FTP software will have proven poker software (that some people believe is the best available) in a few months.

The quality guarantee and the faster timelines are both worth something.

is there any new date where we should expect news or are we all speculating at this point and hoping?

hoping and speculating, but its assummed to be at the end of March. But then again, they might/probably will delay for another month after that.
You have to understand that lawyers are the guys who are making most amount of $ from this whole mess right now due to these discussions/negotiations etc, and they are not interested to make the deal/decision as fast as its possible

I would like to chat with the pros.

Where are they?

ok end of march is a date atleast.

but seriously this went a year now, they should slowly come to an end dont you think?

Hard to know I suppose - the average time to obtain a license from the AGCC seems to be around 9 weeks. They have a page on their website of people who are applying for licenses so I suppose Tapie could already be one of them or has maybe yet to appear.

Unless AGCC agrees to fast-track the license, it could be a while yet - and that is assuming the deal is already in the bag.

But I think GBT started talking to the AGCC some time ago, so, it would probobly not take long from the time GBT decides to go ahead with the deal.

Poker players routinely put their entire stack on the line on a coin flip. Apparently this is no different.

it's worth whatever someone is willing to pay for it. period.

An excellent point that must surely come under the data protection laws.

On sign up and under terms and conditions something about your data and its use would have been covered but at the same time the current scenario would not have been anticipated.

I would have to say that you are entitled to have your data protected from being sold on.

Without having any idea at all about how to stop such a thing happening I would suggest you write to the DOJ and tell them you object to your information being passed on to anyone.

There does seem to be some contradiction here however as you are OK with the DOJ selling it to Tapie group as a part of a deal to make you whole but not to anyone else if a deal does not get completed.

It would also be very hypocritical if a government department were to sell off data as an asset without your consent as governments keep making a big thing and have laws protecting you and your personal details.

An excellent point you make which could potentially cause significant end game problems and questions the legality of the DOJ being able to sell your details.

That is why Ray Bitar is working as hard as he can to get the deal done. He has to clean up his mess.

Well hell, then everythings all good if Ray is putting all his energy to work for the players. Good news

Bitar is working on it? Everything will be alright I'm sure of if. If he's on the job then 100% we'll see our money back in a few days!

Wait isn't all this his fault...