Black Friday and the aftermath: Online Poker Implications

[smashedagain]

Yeah FTP demanded a private meeting, which sounds bad news as it suggests to me they have something to hide and they aren't close to selling yet.

From pokernews

Upon hearing this, poker pro Harry demetriou stormed out, shouting what about the interests of the players? And calling FTP corrupt, Which was met with a round of applause.

good on Harry. Is he not Marias uncle

sigh, if I had a penny.................(I could buy FTP myself).

No relation, Demetriou in Cyprus = Smith in England.

sorry. was pretty sure you have a famous uncle.

I know how much the hendon mob database means to you - http://pokerdb.thehendonmob.com/player.php?a=r&n=59

does harry have the nickname wise owl or something. you dont even have the same surname as peter.  remember Cos posting something about some greeks changing their surnames or is it simply that peter is your mums brother

[TightEnd]

!

http://www.billrini.com/2011/07/26/full-tilt-payout-problems-exposed/

[Chili]

does harry have the nickname wise owl or something. you dont even have the same surname as peter.  remember Cos posting something about some greeks changing their surnames or is it simply that peter is your mums brother

Yes, very simply, Peter is my mums brother. Although Peter did shorten his name from Constantinou.

[smashedagain]

does harry have the nickname wise owl or something. you dont even have the same surname as peter.  remember Cos posting something about some greeks changing their surnames or is it simply that peter is your mums brother

Yes, very simply, Peter is my mums brother. Although Peter did shorten his name from Constantinou.

cool. bet you wish they had that facility to block seeing someones posts now. a most usefull tool imo

[boldie]

!

http://www.billrini.com/2011/07/26/full-tilt-payout-problems-exposed/

lol

[Chili]

does harry have the nickname wise owl or something. you dont even have the same surname as peter.  remember Cos posting something about some greeks changing their surnames or is it simply that peter is your mums brother

Yes, very simply, Peter is my mums brother. Although Peter did shorten his name from Constantinou.

cool. bet you wish they had that facility to block seeing someones posts now. a most usefull tool imo

Indeed, very useful if blonde provided it that is

[TightEnd]

Jason is making that service come ever closer.

[Chili]

Jason is making that service come ever closer.

 

[redarmi]

!

http://www.billrini.com/2011/07/26/full-tilt-payout-problems-exposed/

Whilst the tone of this article is amusing if it is true that Lederer has paid Todd Brunson the money he had on FTP it is an absolute disgrace given how many other may really need that money.  Begining to think that jail would be appropriate for Lederer.

[Jon MW]

!

http://www.billrini.com/2011/07/26/full-tilt-payout-problems-exposed/

Whilst the tone of this article is amusing if it is true that Lederer has paid Todd Brunson the money he had on FTP it is an absolute disgrace given how many other may really need that money.  Begining to think that jail would be appropriate for Lederer.

lol - jail for what crime?

Durrr says he'll pay people's (in general) liabilities and he's a hero

Lederer actually pays someone's (specific) liability and he's a villain, is that right?

[redarmi]

I'm no expert on these things but when a company is in the sort of situation that FTP is in then the correct thing for them to would surely be to put themselves into liquidation so that an appropriate payment could be made to all creditors from the remaining monies available.  That would not, in all likliehood, be 100% of the money owed to Todd Brunson and this payment can only be to the detriment of the payouts others will receive and as such is unjust and morally wrong and, if it isn't illegal, it is certainly on the margins of legality.

[smashedagain]

Jason is making that service come ever closer.

 

do you wait for me to leave the house before posting. you know i'm only messing about tighty. am pretty sure you are cool with me. i'm just here to encourage intellectual debate

[outragous76]

You only enter administration when you cannot trade, or believe that is imminent. FTP are not saying that is the case, nor admitting it.

Given their business model, you would imagine it could never happen ....... Unless they have spent everyones money ........ And then you would imagine that they wouldn't be inclined to admit that either! Infact they would want to hide it for as long as possible

[redarmi]

I am interested in your view that you think that would never be possible given their business model Guy.  How do you see this panning out then??   Surely pretty much as soon as they reopened there would be such a run on funds that they would then, immediately, be forced into administration??  or do you think they have, or will be able to raise, the funds to be able to trade?

[smashedagain]

I am interested in your view that you think that would never be possible given their business model Guy.  How do you see this panning out then??   Surely pretty much as soon as they reopened there would be such a run on funds that they would then, immediately, be forced into administration??  or do you think they have, or will be able to raise, the funds to be able to trade?

also where is all the money coming from to pay their 000's of employees. this must be eating further into players funds