Saw this tweeted by Joey , Apparently Baazovs claim / bid to purchase amaya was all BS , Will this affect the community at all or just David going further downhill?

https://www.cardschat.com/news/david...of-amaya-35302

interesting, thx for posting OP

i figure it has to be miscommunication or something. a different arm of the company of the person being quoted. or poor communication within his department.

of course it may not be as firm commitment as Baazov hopes, assuming it exists at all.

Miscommunication of a 3 Billion dollar deal???

Standard.

http://forumserver.twoplustwo.com/sh...&postcount=760

Where can we find out what his own personal trading activity has been in the past x number of years? His friends could have made big money on this move, and if he wanted to dump a % of his personal shares, it's a great way to get some extra $$ out of it!!

And no one has given an answer yet why he's wasn't required to file such as an insider during his CEO tenure (i.e. US Securities laws, they're listed on NASDAQ). So much shady/sketch around all of this. (Even if some reasonable-ish explanation comes out of this)

Paaaapiiiiiinuts so to speak

... maybe he can get financing from the backers of the plan in the Caesars bankruptcy proceedings, they seem prone to throwing good money after bad ?

How much cocaine is this guy doing

Probably more like miscommunication from the media source reporting this story.

This was obviously just a miscommunication. You can't always know who has or hasn't agreed to hand you 3 billion dollars. David should have told KDC they were part of the deal sooner but even he didn't know exactly what the details would be. Besides, last year he did say that "I'm going to bid on Amaya" so KDC should have known there was gonna be a big change that would affect them. I don't wanna hear a single Amaya shareholder complain about this accidental mistaken communication either because these things happen.

If Amaya shareholders are upset maybe Steve Ruddock could write up an article explaining why a lower share price is ultimately good for them.

needs 'entrepreneur life' or 'ben tollerene toilet' meme

http://www.theglobeandmail.com/repor...ticle32972488/

When is SEC gonna finally go after this guy.

Fabricating an SEC filing , causing 25% spike in share price is pretty serious business.

There is a sense of deja vu about this.

https://www.sec.gov/litigation/litreleases/lr19495.htm

Ultimately, a Court determined that the whole World Poker Tour fiasco failed to present a prima facie case of a crime, despite a 30% change in the stock price caused by the non-real offer disclosure:

https://jenner.com/system/assets/ass...pdf?1319574071

"Although Brunson’s actions show an ineptness, they do not rise to the level of a prima-facie case of commission of a crime or fraud. Brunson convincingly rebuts the SEC’s facts offered to support its
prima-facie case. (Brunson’s Mem. of Law at 18-22.)"

Doyle was never charged with anything. I don't think the same outcome is a sure thing in this later matter involving Mr. Baazov.

Just like typical Amaya. This all sounds very familiar....

This from an hour ago. Baazov confirms KBC not part of deal, seeks "replacement financing" and is maintaining his offer.

http://www.cbc.ca/news/business/amay...cing-1.3864296

"In a statement today, Baazov said an equity commitment letter he received purporting to be from KBC Aldini Capital Ltd. was delivered without KBC's knowledge or consent."

What in the world is going on? Who the hell is delivering billion-dollar commitment letters without consent? And what kind of rube is Baazov just accepting such a letter at face value without any kind of vetting??

Has any filing specified just HOW MUCH of the $6.7B in funding was supposed to have come from KBC??

Baazov has used these kind of tactics before to get a foot in the door. I remember a similair story on how he acquired Pokerstars. It worked then but he might have used the same trick, if it works out you can scam your way into looking legit to both parties which could eventually end up in securing the deal (both parties being new investors and current shareholders).

I find it really hard to believe that there is someone crazy enough to value Amaya at 6,7b in its current state. The valuation is crazy even if you don't take into account the crazy variance Amaya is exposed to with the crazy variance the market is exposed to these days.

Any chance he's all doing this as a scam to drive up the stock price to make a profit off that?

Amaya board probably really divided between saying that they're not interested in taking a deal from Baazov vs small probability that he's actually legit.

So someone just played a prank on poor Mr. Baazov. Is that correct in his recollection of events?

What a clown.

As if you get a piece of paper with 6bill financing offer and then file a takeover a bid without ever talking to ANYONE at firm providing funds.

I am seriously sick of of this dude and await his pending incarceration.

Hahahahaha this is just to much

How the hell can you say you have private investors for such amounts of money, and be wrong?

It's "he was tricked" or "he was playing a trick" imo, can't see how there's a middle ground. With everything we know about Baazov, odds for the latter have to be pretty good.

They need to sell it to someone who will look to grow poker. The direction they are taking by seeking ways to funnel fun players into new degen formats runs the risk of ultimately killing the games.

When Baazov bets the river, the whole world snap-calls. He's a walking, talking bull**** machine.

Can poker grow anymore? Seems like every form of entertainment is on the decline these days and poker isn't a zero sum one. I don't think the sites care about killing a game that's already slowing down.

News shouldn't surprise anyone, billions get blown on **** nobody knows what it is all the time.