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Old 10-26-2011, 03:05 AM   #201
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by BEAR JEW View Post
It really seems like howard/bitar/chris are only trying to pay players back so they can get back in business. **** them for spending our money on their ****ing lobsters.
I don't think we're even at that stage yet, I believe it's just Tapie who's putting up the money.
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Old 10-26-2011, 03:22 AM   #202
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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2. Cashout all their account balance with a PENALTY, which would mean a percentage of the whole balance. There is no information on how much this percentage would be.

3. Small cashouts that would unlock throughout time. FTP wouldn't charge anything for a player to recover their funds but it would take around a year.
I think #2 is a good option for people who's life roll was tied up on FT/are struggling post-BF with the tougher games, etc. and are in desperate need for cash.

As far as #3, I think they could do a "hybrid" sort of option where you're allowed to withdraw small amounts every month - HOWEVER, if you're raking a significant amount per month, you can "earn" the right to withdraw your balance faster. Kind of like working off a deposit bonus, except the deposit was your existing funds.

The added benefit to Tapie/FT with the hybrid option is that they'll actually get more grinders to start playing on FT again (vs. patiently sitting it out, withdrawing small amounts as allowed while playing on Stars, etc.). Once that barrier is broken, let's face it - a lot of grinders will fall back into old habits (for a variety of reasons) and start grinding on FT, generating rake, creating the critical mass needed to get games going for recreational players, etc.

Win-win.
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Old 10-26-2011, 03:36 AM   #203
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by TAXIDEL 3 View Post
This fiasco is better than watching Eastenders.
Cep this ones called rearenders
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Old 10-26-2011, 03:59 AM   #204
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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

Win-win.
One of the players who posted about the phone calls in our forums proposed that anybody could credit new deposits with 100% of his roll, avoiding penalties.

Talking about win-win situations, you can "unlock" every cent in your bank quickly if you know somebody who needs a transfer and FTP liquidity boosts as well.

Sounds pretty straightforward procedure and a no-brainer, but is not mentioned within the options.
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Old 10-26-2011, 04:17 AM   #205
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by EYESCREW View Post
I was trying to think of a carefully worded, well thought out post in response but I couldn't top yours. Touche!
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.
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Old 10-26-2011, 06:17 AM   #206
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by guardian troll View Post
if things progress forward, i presume american players would have to be paid in full before reopening and these possibilities would pertain to ROW players?
I can't see how they could do different for ROW and US. I also can't really see how any of those options would be acceptable to the DOJ in terms of returning US funds. The over the period of a year could work for the large balances I guess.

Quote:
Originally Posted by Matacow View Post
How could a "penalty" for withdrawing your funds be legal? F*** Tapie
+ 1 to this.


The issue with partial withdrawals if the processing fees would add up.

I tend to feel based on the larger balances being contracted it makes me wonder if they plan to pay off all small amounts less than 2K(or wherever they draw the line) and try to defer or find other ways to pay the large balances. There were numbers being thrown around which said a very large percentage of the player base could be paid off for a relativily (compared to total number) small amount. They would probably also cover the depositing players who make the deposits need to make money. I doubt that many of the large balances are net depositers.
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Old 10-26-2011, 08:22 AM   #207
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

So, any other phone calls lately?

Has the LP magazine been contacted yet?
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Old 10-26-2011, 08:39 AM   #208
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by joeyrulesall View Post
A sucker born every minute?
one could actually argue that ftp will have superior games when it first reopens.

Last edited by LiveNow; 10-26-2011 at 08:39 AM. Reason: more fishies
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Old 10-26-2011, 08:57 AM   #209
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

Regarding the "penalty" for cashing out the complete bankroll at once this doesn't have to be an option Tapie is really considering. In door-to-door sellings often the potential customer gets a bad offer at the beginning of the "negotiation" so that the following offers are more acceptable for him and he is therefore more likely to make the deal.
So in showing players what the worst cashout option could be Tapie creates a better acceptance for his preferred cashout option. This is most probably also the reason why the interviewers mention that this option is the most preferred one by the players. As somebody else already mentioned in a real survey it's an absolute no-go to mention results.
IMO it's a rather smart strategy by Tapie.
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Old 10-26-2011, 09:11 AM   #210
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

If the new FT does not have every players full balances to hand then, as pointed out in the other thread, some of us (most of us?) will be playing for money that doesn't exist!!!

Are you really prepared to deposit in this situation? If you aren't who will? Because isn't someone going to have to to pay for everybody else's balances....

Take the risk if you want but it might be a waste of time, and if you deposit and it all falls to pieces then make sure you know knew the risk beforehand.
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Old 10-26-2011, 09:32 AM   #211
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by Hairy Chinese Kid View Post
If the new FT does not have every players full balances to hand then, as pointed out in the other thread, some of us (most of us?) will be playing for money that doesn't exist!!!

Are you really prepared to deposit in this situation? If you aren't who will? Because isn't someone going to have to to pay for everybody else's balances....

Take the risk if you want but it might be a waste of time, and if you deposit and it all falls to pieces then make sure you know knew the risk beforehand.
There is a big difference between not having the funds and not wanting to give it all out at once. If I was putting up $300 Mil (and if someone wants to give me that i will buy full tilt-lol) I would want it structured that I put it in a segregated account and pay people out 10% of their roll be month for 10 months. therefore letting me get a bit of interest on that money and I would say about 25% gets played and i start getting some money back on my investment. This 10% would not affect any winning on the new site or new deposits as those would be available right away for withdrawl. But for someone to put up $300 MIl and then hope for re-investment would not be a wise business move.
I think that if people know that their money is in fact a segrigated account (and i am sure the DOJ and the new licence isssurer will demand this) then they will actually trust the new owners.
JMO
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Old 10-26-2011, 10:28 AM   #212
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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
There is a big difference between not having the funds and not wanting to give it all out at once. If I was putting up $300 Mil (and if someone wants to give me that i will buy full tilt-lol) I would want it structured that I put it in a segregated account and pay people out 10% of their roll be month for 10 months. therefore letting me get a bit of interest on that money and I would say about 25% gets played and i start getting some money back on my investment. This 10% would not affect any winning on the new site or new deposits as those would be available right away for withdrawl. But for someone to put up $300 MIl and then hope for re-investment would not be a wise business move.
I think that if people know that their money is in fact a segrigated account (and i am sure the DOJ and the new licence isssurer will demand this) then they will actually trust the new owners.
JMO
we should trust them because they have 300 000 000 $ worth of lobsters in their segregated fridges and another 300 000 000 $ worth of cuban cigars in their segregated company humidor.

so i wonder that option no 4 had not been asked in the survey


do you accept repayment in asset value and do you prefer hand rolled cigars or lobster?
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Old 10-26-2011, 10:38 AM   #213
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

I got a text from Group Bernard Tapie that may give a clue as to the source of his funding:


Spoiler:
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Old 10-26-2011, 11:24 AM   #214
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

Up to what % of your FTP balance would you accept the penalty so you can cashout and realize at least some of your $$?
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Old 10-26-2011, 11:31 AM   #215
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

well since most on here say they would sell for 40 on the $ I would say they would accept a penalty of up to 60%
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Old 10-26-2011, 11:34 AM   #216
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

BUT I guess allot depends on the size of their stack! the more you have on there I would bet the more you would be willing to give in a penalty just to get some back!
myself i have about 1 G on there and would not like to give more than 10% to get it all back now and would settle for a little at a time. $300 every 3 months as long as I know it's coming
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Old 10-26-2011, 11:35 AM   #217
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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
well since most on here say they would sell for 40 on the $ I would say they would accept a penalty of up to 60%
No. Not even close
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Old 10-26-2011, 11:37 AM   #218
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by fjbourne View Post
No. Not even close
Agreed people will sell for 40c here in the marketplace because they know others buying FTP funds are taking a risk and need potential profit.
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Old 10-26-2011, 11:37 AM   #219
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

A friend of someone I know got the call (so did my friend but he didnt pick up) and he was told that FTP was re opening in weeks time.

I'm in Portugal.
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Old 10-26-2011, 11:42 AM   #220
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

My guess is a 10-20% penalty to your funds
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Old 10-26-2011, 11:43 AM   #221
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

Too many ifs and buts and too many personal circumstances for much agreement here, BUT , for smaller BRs, a regular payout for the total over 6 to 12 months seems reasonable enough. Far better than a few years for a small % of recovery (if it happens at all) or nothing at all!
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Old 10-26-2011, 11:46 AM   #222
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by therealjohnny416 View Post
Agreed people will sell for 40c here in the marketplace because they know others buying FTP funds are taking a risk and need potential profit.
Doesn't make sense
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Old 10-26-2011, 11:47 AM   #223
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by Bene Gesserit View Post
Too many ifs and buts and too many personal circumstances for much agreement here, BUT , for smaller BRs, a regular payout for the total over 6 to 12 months seems reasonable enough. Far better than a few years for a small % of recovery (if it happens at all) or nothing at all!
I agree. the big thing will be how big is your stack. I would say that most under $1,000 will be able to take it all right away and anything over that will be maybe 20% monthly
mine I consider small and still would agree to 10-20% monthly but all new money must be available as i win it!
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Old 10-26-2011, 11:51 AM   #224
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

right now people can't even sell at 25c fwiw
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Old 10-26-2011, 11:52 AM   #225
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Re: FTP Spanish players contacted by Group Bernard Tapie partner by phone

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Originally Posted by :::grimReaper::: View Post
Doesn't make sense
what? the fact that they would take a 60% hit 2 minutes ago but would not this exact minutes does not make sense to you? LOL

Well you see it's like--WAIT it does not make sense to me either!!!
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