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Old 10-26-2011, 12:41 PM   #251
Bene Gesserit
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by kevmode View Post
Yes, I was talking to a friend and I am considering moving to Canada to play on Poker Stars, Party Poker and FTP if they come back. It is a big step but I am strongly considering it now. If I can get a backing deal set up I might move to Canada.
Good luck, if you ever luckbox on a live televised event like WPT or whatever, PLEASE make sure you ID yourself for all your 2+2 fans. Agree or disagree with your optimisim, you have become a bit of an institution here you know?
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Old 10-26-2011, 12:45 PM   #252
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Have you ever posted from a smartphone?
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Old 10-26-2011, 12:47 PM   #253
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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sorry that came out wrong--what i meant was the $300 mil segragated but they only might have to pay out $200 Mil to start leaving $100 mil segragated but in a "slush" fund so to speak. Thus that money is "in play" and they can start makign money fromit right away, rather than pay out the whole $300 Mil and hope that people will start depositing right away.
Instead why not have the full 300M available for withdrawal but offer additional rewards for those who keep playing or are willing to take delayed payouts.

Screwing over players who want THEIR money is basically scummy and a horrible way to install trust in a new company.

If you put things in place which suggests you dont want people to withdraw that makes people very nervous.

Why do you think Pokerstars has such a good rep?

Mainly because they payed on demand.

No demands for 60% for imediate payment LOL.

Nobody has any questions about trust or liquidity with stars

Even with the DOJ troubles they gained market share.

The ironic thing is that because people are free to withdraw, they dont.
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Old 10-26-2011, 12:51 PM   #254
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Instead why not have the full 300M available for withdrawal but offer additional rewards for those who keep playing or are willing to take delayed payouts.

Screwing over players who want THEIR money is basically scummy and a horrible way to install trust in a new company.

If you put things in place which suggests you dont want people to withdraw that makes people very nervous.

Why do you think Pokerstars has such a good rep?

Mainly because they payed on demand.

No demands for 60% for imediate payment LOL.

Nobody has any questions about trust or liquidity with stars

Even with the DOJ troubles they gained market share.

The ironic thing is that because people are free to withdraw, they dont.
Option 1 do what tapie wants

Option 2 wait and see, maybe get 25%
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Old 10-26-2011, 12:53 PM   #255
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Instead why not have the full 300M available for withdrawal but offer additional rewards for those who keep playing or are willing to take delayed payouts.

Screwing over players who want THEIR money is basically scummy and a horrible way to install trust in a new company.
so those that screwed them over with phantom deposits will of course pay up right away right??

If you put things in place which suggests you dont want people to withdraw that makes people very nervous.

Why do you think Pokerstars has such a good rep?

say what? when did this happen? because I can give you a long list of people who would NEVER deal with them ever again!!

Mainly because they payed on demand.

No demands for 60% for imediate payment LOL.

Nobody has any questions about trust or liquidity with stars

Even with the DOJ troubles they gained market share.

they only gained because other sites were shut down!!!

The ironic thing is that because people are free to withdraw, they dont.

you might be right on the fact that some people even given the choice of withdrawing or not would leave their money there but to invest some 300 mil of a whim like that does not make good business sense. IMO
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Old 10-26-2011, 01:01 PM   #256
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

I'm a UK player and just got this call, so they seem to be doing a fairly thorough Euro tour and are testing the water with players (with money on the site?) who they will look to reattract and do some sort of deal with if and when they reopen. Nothing new to report other than what others in the post have said.
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Old 10-26-2011, 01:16 PM   #257
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

Another simple solution - every player is allowed to withdraw $1,000 initially, and from that point on for every $1 of MGR, you're allowed to withdraw $1 (if that's too generous, then $2 of MGR = $1 w/d, etc.). Bring back recreational players with a very generous bonus offer for depositing again on the site.

And keep the affiliate structure in tact, unless there's some other/new way to ensure volume players get ~the same rakeback % as pre-BF.
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Old 10-26-2011, 01:20 PM   #258
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

dont be stupid people.

say whatever you need to such that tapie invests.
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Old 10-26-2011, 01:29 PM   #259
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Another simple solution - every player is allowed to withdraw $1,000 initially, and from that point on for every $1 of MGR, you're allowed to withdraw $1 (if that's too generous, then $2 of MGR = $1 w/d, etc.).
What about people who have more on fulltilt than they will rake in the rest of their life? This would leave them no other choice than to chipdump.
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Old 10-26-2011, 01:33 PM   #260
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by Gramps View Post
Another simple solution - every player is allowed to withdraw $1,000 initially, and from that point on for every $1 of MGR, you're allowed to withdraw $1 (if that's too generous, then $2 of MGR = $1 w/d, etc.). Bring back recreational players with a very generous bonus offer for depositing again on the site.

And keep the affiliate structure in tact, unless there's some other/new way to ensure volume players get ~the same rakeback % as pre-BF.
How about a really simple solution. Put up $300M so that everyone can withdraw when they wanted. Now if the guy doesn't want to do that, I understand, but why waste everyone's time with these crazy schemes?
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Old 10-26-2011, 01:39 PM   #261
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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How about a really simple solution. Put up $300M so that everyone can withdraw when they wanted. Now if the guy doesn't want to do that, I understand, but why waste everyone's time with these crazy schemes?
sure instead of a compramize lets just say everybody gets nothing and call the whole thing off!!
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Old 10-26-2011, 02:11 PM   #262
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Not sure how i'm a sucker, Ray Bitar and Howard Lederer and associates stole from me, not the brand name "Full tilt Poker" not the servers, not the software, not rush poker.

If I like Indian food, and a restaurant by me serves crappy Indian food, and they replace the management and cooks, theres a good chance the food will improve and I can keep going to the same physical location- even if that business keeps the same name, because whats inside has changed and thats what counts.

Shallow people seem to treat this like it was a personal attack on the players. It was a (criminal) business failure pointing to the incompetence of a few key players, once they're out, most of us are getting back in.

I'm certainly not speaking about everyone here, but there are a sizable number of "poker savants" who made a lot of money playing online, pissing into cups, never leaving the house, keeping their money under their mattresses, and never really had a business transaction go bad before. They are dealing with their first significant instance of being ****ed over.

It's understandable that people are upset at Full Tilt, that part makes sense. To hold that same resentment against a logo and a branding name, even if the offending parties are long since purged from the company, is a juvenile reaction to a rightful grievance IMO.
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Old 10-26-2011, 02:19 PM   #263
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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I'm certainly not speaking about everyone here, but there are a sizable number of "poker savants" who made a lot of money playing online, pissing into cups, never leaving the house, keeping their money under their mattresses, and never really had a business transaction go bad before. They are dealing with their first significant instance of being ****ed over.

It's understandable that people are upset at Full Tilt, that part makes sense. To hold that same resentment against a logo and a branding name, even if the offending parties are long since purged from the company, is a juvenile reaction to a rightful grievance IMO.
Sorry, too much truth and logic here for some of these guys to absorb! They have had an emotional jolt and are going to react with their hearts. Maybe it's not positive, but it's understandable. Most will come around eventully
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Old 10-26-2011, 02:40 PM   #264
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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It's understandable that people are upset at Full Tilt, that part makes sense. To hold that same resentment against a logo and a branding name, even if the offending parties are long since purged from the company, is a juvenile reaction to a rightful grievance IMO.

I get your point but I don't 100% agree. Chris, Howie, Ivey, and others were what made FTP. All of their slick marketing with TV ads, big names playing daily on the site, cash games and final tables that featured top players wearing the FTP logo. Without any of those faces all you have left is the software and while many grinders will say that's enough to keep them happy I think once the small bankrolls of the few fish get eaten up the high volume grinders aren't going to want to keep playing.

Full Tilt's success 100% depends on their ability to attract new players and without all of the big names on hand to market the site it's not going to be easy for them to do that imho.

Perhaps with the right bonuses and incentives it will work?
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Old 10-26-2011, 02:42 PM   #265
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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How about a really simple solution. Put up $300M so that everyone can withdraw when they wanted. Now if the guy doesn't want to do that, I understand, but why waste everyone's time with these crazy schemes?
Because the reward of buying a company that's could be worth $800MM (or w/e, obviously there is a range here) in five years for $300MM given the risk with FTP is meh.

However, buying a company worth $800MM in five years for $10MM (or w/e) of Tapie's money with the rest of the debt paid off by the DOJ, former owners contributing cash for token equity stakes, and interest-free loans from former players....that's the kind of potential home run distressed guys live for. Tapie essentially uses his restructuring expertise to get close to 100% of the company for almost no capital. Its ****ing brilliant if it works.
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Old 10-26-2011, 02:54 PM   #266
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by LetsGambool View Post

buying a company worth $800MM in five years for $10MM

Totally agree this is what Tapie is looking to do and I sure as heck don't blame a guy for trying. Whether or not he can pull it off remains to be seen and bolded might be a bit optimistic but only time will tell.


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Its ****ing brilliant if it works.
And ya obviously this. ^
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Old 10-26-2011, 02:59 PM   #267
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by LetsGambool View Post
However, buying a company worth $800MM in five years for $10MM (or w/e) of Tapie's money with the rest of the debt paid off by the DOJ, former owners contributing cash for token equity stakes, and interest-free loans from former players....that's the kind of potential home run distressed guys live for. Tapie essentially uses his restructuring expertise to get close to 100% of the company for almost no capital. Its ****ing brilliant if it works.
This is exactly what Tapie does - in the bank case, he waited until the bank was bought out by French state (the French taxpayers; his countrymen) then entered protracted negotiations for a huge settlement.

In FTP's case, he's gonna play the DoJ for month and months, til they see his $10m or so is as good as DoJ will get. That's after he has proved to DoJ they cant get the foreign bank accounts.

Easy game

EDIT $800m - lol - for a company that earnt $100m for it's 10 yr existence?? I'll sell you my company if you like
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Old 10-26-2011, 03:02 PM   #268
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

omg shut up about player database.
would u rather have no money or phone call from 2nd party company.
whats it matter if full tilt rings you or 2nd party company. some 1 is still looking at your info.

hope it opens in weeks.

lmao info
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Old 10-26-2011, 03:12 PM   #269
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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How about a really simple solution. Put up $300M so that everyone can withdraw when they wanted. Now if the guy doesn't want to do that, I understand, but why waste everyone's time with these crazy schemes?
cause 70% is better than nothing? Don't understand your opinion...did you ever dealt with a bancrupt company? Its briliant from Tapie but better than waiting 5 years for all lawsuits to resolve and getting 5%...sorry, but there are lot of people with more than your BR on Tilt...

Last edited by pokrat; 10-26-2011 at 03:21 PM.
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Old 10-26-2011, 03:20 PM   #270
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by Wizzard89 View Post
no trolling but makes no sense that somebody will not be happy with 40% from full tilt but will be happy with 40% from someone else IF they can even get 40% from someone else.

there is no logic in that statement plain and simple !!
This is perfectly logical. On principle, I'm not willing to subsidize by several thousand dollars some multi-millionaire's purchase of a poker site. Why would I be willing to donate thousands of dollars to some rich guy to set up a hugely profitable poker business?

There's also some amount we'll all get back if the company goes into liquidation. I have no idea what that amount is, but there's a chance it approaches 40%.

I'll be happy, if FT comes back online, to play there, and to withdraw in stages if that's what needs to happen. The idea of paying a penalty of my bankroll I find pretty disgusting though.
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Old 10-26-2011, 03:39 PM   #271
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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I also got a call yesterday and I'm from Holland, so they are not only targeting Spanish players. I didn't get to the interview part because I hung up pretty fast when I heard what the subject was ^^
lol wtf would you hang up?

If I owed you money and was calling to discuss it would you hang up on me too?
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Old 10-26-2011, 03:43 PM   #272
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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lol wtf would you hang up?

If I owed you money and was calling to discuss it would you hang up on me too?
Makes no sense really... maybe he had two accounts and got scared.

off-topic: Villas-boas is a tool.
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Old 10-26-2011, 03:53 PM   #273
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Has anyone been able to clarify the comment from the person contacted for the survey about FTP re-opening?
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Old 10-26-2011, 04:15 PM   #274
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

This is fantasy imo. I mean even if the DOJ ok's cashouts for Americans I can't see too many banks jumping at the chance to process them at least not without charging some exorbitant fees. Even if that obstacle is eliminated, the question of who is going to give FTP a license to operate remains.
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Old 10-26-2011, 04:17 PM   #275
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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What about people who have more on fulltilt than they will rake in the rest of their life? This would leave them no other choice than to chipdump.
You mean people with $500k+ on the site? They're not made whole for a long time (or until w/d restrictions are lifted), but at least they're a very small % and would be getting something in the meantime.

A lot of people with $50k or $100k stuck on there can rake $5k/month+ playing their normal stakes/games. Even if you're just an MTT player, you should be able to rake a few thousand/mo, and would probably add some other games to up that number.

I guess you could chipdump small amounts to lots of different people to try and get it off faster, but that would be a bit dicey unless you have lots of SS poker friends you trust.

Quote:
Originally Posted by TheDarkElf View Post
How about a really simple solution. Put up $300M so that everyone can withdraw when they wanted. Now if the guy doesn't want to do that, I understand, but why waste everyone's time with these crazy schemes?
Lol, what? Putting up $300M to pay everyone right away is what he's balking at doing, so the next best option is to just let FT die? Yeah, let's go with that (a) or (b), nothing else to consider here.

A "scheme" where people can withdraw some of their money, while incentivizing players to play on the site again/generate rake is a very good Plan B. Whatever form it takes. Unless you have no money on there and are rooting for FT to go down in flames schadenfreude-style.

Last edited by Gramps; 10-26-2011 at 04:22 PM.
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