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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)
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03-14-2012 , 12:18 PM
'Cause he's a PS pro?
03-14-2012 , 12:19 PM
See above by coolnout renton
03-14-2012 , 12:19 PM
Quote:
Originally Posted by 28renton
Can't listen to it right now. Cliffs on why he thinks it isn't happening?
pretty much cited the old news from Glantz blog
that Tapie was never actually interested in it

tho he added he's been hearing that it's such a mess
he doesn't see how anyone could buy it

Last edited by coolnout; 03-14-2012 at 12:27 PM.
03-14-2012 , 12:28 PM
nvm
03-14-2012 , 12:30 PM
This whole situation is so damn bipolar it's frustrating. One minute, there's an article saying the deal is set to conclude this week. Next minute, DN's saying the deal's a no-go.

It's at times like this I really wish Subject: Poker was still around to cut through the BS.
03-14-2012 , 12:33 PM
According to DN they had a chance to make a deal earlier with another investor but because of Howard, Ray and Jesus messed it up. Barry G alluded to this as well on the 2+2 Pokercast a few weeks ago. Essentiallly the trio still wanted to retain some percent ownership (maybe 50%?) but the investors balked. I haven't followed this thread daily but IIRC this info was given before too, that the three douches ruined a potential deal by asking for too much (if I'm wrong then correct me).


DN says his sources are the guy from Wicked Chops and other people 'not Full Tilt people, but people who potientially looking to buy' so he got so info on the inner workings. Maybe he's talking about Binion? But that was a while ago, so who knows how much DN is really in the loop.

But then at the end it seems like it's his gut feeling 'is Tapie the right guy? He's been to jail for fixing soccer' so who knows really.

Last edited by takemaneythefdo; 03-14-2012 at 12:38 PM.
03-14-2012 , 12:54 PM
Quote:
Originally Posted by takemaneythefdo
According to DN they had a chance to make a deal earlier with another investor but because of Howard, Ray and Jesus messed it up. Barry G alluded to this as well on the 2+2 Pokercast a few weeks ago. Essentiallly the trio still wanted to retain some percent ownership (maybe 50%?) but the investors balked. I haven't followed this thread daily but IIRC this info was given before too, that the three douches ruined a potential deal by asking for too much (if I'm wrong then correct me).


DN says his sources are the guy from Wicked Chops and other people 'not Full Tilt people, but people who potientially looking to buy' so he got so info on the inner workings. Maybe he's talking about Binion? But that was a while ago, so who knows how much DN is really in the loop.

But then at the end it seems like it's his gut feeling 'is Tapie the right guy? He's been to jail for fixing soccer' so who knows really.
that was, when tilt was still running afaik [before their license got revoked]. On that date tilt had still a quite big marketvalue

but could be wrong
03-14-2012 , 12:56 PM
Quote:
Originally Posted by coolnout
"the players are not getting paid. it's gone, it's over forget it. i'm telling you now, okay. stop bothering watching the news Tapie ain't paying nobody
This deal has fallen through. Maybe they'll eventually sell the software to somebody. but you lost your money. it's just not gonna happen." -DN

he must be quiet sure, that the deal wont happen if he talks this way or?
03-14-2012 , 12:57 PM
We should getting definitive news soon. In actuality, the deal is likely either 5% or less, or 95% or more to go through. There are only a handful of people - those high up at GBT - who know which of those scenarios is true. Perhaps they are dead set on buying the site and have been negotiating for a better price/dotting is & crossings ts. Perhaps the deal is kaput and they are holding off on the chance that the DOJ drastically drops their price, or Howard & Chris suddenly 'find' $20mm that they claimed they didn't have. Perhaps they are taking backhanders from Pokerstars to finish off Full Tilt. I don't see how Ray Bitar, the DOJ, Diamond_Flush, or Daniel Negreanu can be certain which of those states we're in.

As for Negreanu and Glantz and there 'I think Tapie is not interesting in paying and just wants to throw people under the bus', how do they know this? It sounds like what is happening, and I'd love DN & MG to come in the thread and say whether this is true or not, is DN & MG are speaking with a bunch of FTP pros who are saying 'Look man, Tapie is ****ing busting my balls trying to get money I don't have. He's making these debts public so that he can blame me when the deal doesn't go through'. What does these FTP pros know about Tapie's motivations? Are Matusow and Lindgren negotiating with the GBT (other than to resolve their debt issues)? Maybe, GBT has decided to back out of the deal and is planning to scapegoat Matusow et. al. But what if they are genuinely trying to exert pressure to get the debtors to commit to paying their funds back? GBT's behaviour is consistent with both scenarios, and I wouldn't read too much in to watch Negreanu says, unless his sources are closer to the negotiations than I hard presumed.
03-14-2012 , 12:58 PM
IDK if DN is right about FTP or not, but why would he say what he did if he did not know or suspect something? It does not make sense. What has he really got to gain by doing that? Just keeping quiet ( if he doesn't know anything really) is so much wiser than making stuff up that could really come back on him. This is a bit unsettling. Guess we will see sooner or later.
03-14-2012 , 01:00 PM
Quote:
Originally Posted by alexuuus
that was, when tilt was still running afaik [before their license got revoked]. On that date tilt had still a quite big marketvalue

but could be wrong
Was that related to the rumour way back when they wanted $200 mil for 50% of the company?

After listening to the interview again it seems like DN is referring to old info/his own opinion coupled with what others have put out (like Glantz). Plus his tone seems very negative towwards the idea of Tapie being the savior, since DN is on an anti scummy campaign as of late and Tapie is at least a polarizing figure in that regard.

Guess we will wait and see on March 16 or 19 or whatever. Keeping my fingers crossed.
03-14-2012 , 01:06 PM
FTP deal expected to be closed next week *******/Ab6XI9

Can someone with access post this article itt please?

http://www.egrmagazine.com/news/ftp_deal_expected_to_be_closed_next_week
03-14-2012 , 01:12 PM
Unless Daniels source(s) include Bitar, Tapie or possibly someone at the DoJ overseeing the case, or perhaps someone in direct and frequent communication with them I'm not sure how much stock I would put on his comments. It's also a little curious that now that the deal seems to be coming to a close, for better or worse, Daniel has been blasting FTP more and more. Most likely it's an easy avenue for Stars to advertise for free and they probably don't mind Daniel sounding off on FTP in the process but you never know.
03-14-2012 , 01:14 PM
I respect daniel for being outspoken but he often choses who he throws under the bus... Yes the ftp paperwork is probably a fiasco, but this could be some levrage move on tapie's part and they have spent alot of time and money trying to work this out. + ftp's player base, even depleted somewhat, will come flocking back if theres right bonus' and perks. Ppl tend to forget the huge cash cow potential here...
03-14-2012 , 01:15 PM
Quote:
Originally Posted by 28renton
This whole situation is so damn bipolar it's frustrating. One minute, there's an article saying the deal is set to conclude this week. Next minute, DN's saying the deal's a no-go.

It's at times like this I really wish Subject: Poker was still around to cut through the BS.
If you listen to the interview it's clear Daniel doesn't have any inside information whatsoever. He's just hearing the standard pessimism from the people around the industry, and has made up his own mind that the deal can't possibly work. Take that for what it's worth, but certainly don't take it as "Daniel has contacts close to the deal who are telling me it's dead"; it's nothing of the sort.
03-14-2012 , 01:17 PM
Its amazing how you guys get trolled so hard by people who just randomly come in here and spout off nonsense about the deal falling through, in this instance DN. DN doesnt know **** about Tapie and what Tapies intentions are. Theres now two articles up about the deal being done in the next week and that Tapie is going to then need 4 weeks to get the site up and running. You guys can sit around speculating and wasting time on DN and ill keep paying attn to the guy who is buying FTP who says I am going to buy this in the next couple of weeks and who is now saying will be done in the next week and then 4 more weeks to get it up and running...
03-14-2012 , 01:17 PM
Quote:
Originally Posted by mjcace
FTP deal expected to be closed next week *******/Ab6XI9

Can someone with access post this article itt please?

http://www.egrmagazine.com/news/ftp_...osed_next_week
It's true?!
03-14-2012 , 01:17 PM
Quote:
Originally Posted by coolnout
pretty much cited the old news from Glantz blog
that Tapie was never actually interested in it

tho he added he's been hearing that it's such a mess
he doesn't see how anyone could buy it
Afraid to say, that this is probably correct.
I think Tapie was after stealing FT for peanuts, or showboating for the news coverage.

Always likely to end in tears, with one crook trying to do a deal with a bunch of crooks.
03-14-2012 , 01:26 PM
Quote:
Originally Posted by mjcace
FTP deal expected to be closed next week *******/Ab6XI9

Can someone with access post this article itt please?

http://www.egrmagazine.com/news/ftp_...osed_next_week
2 weeks free trial in there. So just signup and look at it, pretty sure im not allowed to post post content in here..


Love to hear DN comment on the above link..
03-14-2012 , 01:27 PM
Surely someone subscribes to this site and can copy and paste the rest of the article?
03-14-2012 , 01:30 PM
cliffs?...
03-14-2012 , 01:32 PM
Quote:
Originally Posted by kermit78
Surely someone subscribes to this site and can copy and paste the rest of the article?
It's against 2+2 rules, I believe, to do so.
03-14-2012 , 01:36 PM
My opinion of DN changes by the day

Last edited by QuadStacks; 03-14-2012 at 01:38 PM. Reason: EGR Magazine FTW one time?!?!
03-14-2012 , 01:37 PM
Quote:
Originally Posted by 28renton
It's against 2+2 rules, I believe, to do so.
This. Please don't copy and paste copyrighted materials.

Bit of a drag when there's an article on a subscription only site, I know.
03-14-2012 , 01:47 PM
can someone tell us what the article says? not to copy it but to highlight the important things

      
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