Online Staking Proposal - Lets get the band together again

[OverTheBorder]

Wont be winning the storm, had a few run outs like this thus far

PokerStars Hand #133984251828: Tournament #1175225321, $10+$1 USD Hold'em No Limit - Level V (50/100) - 2015/04/19 19:23:04 WET [2015/04/19 14:23:04 ET]
Table '1175225321 1157' 9-max Seat #3 is the button
Seat 1: buchales951 (8230 in chips)
Seat 2: Mr_Brazuca18 (6240 in chips)
Seat 3: DJ83M (5476 in chips)
Seat 4: Cosmin1812 (4766 in chips)
Seat 5: flipIT2win (3958 in chips)
Seat 6: movin'Stone (1380 in chips)
Seat 7: salavat710 (5450 in chips)
Seat 8: Rab90 (3250 in chips)
Seat 9: Xplogo (4590 in chips)
Cosmin1812: posts small blind 50
flipIT2win: posts big blind 100
*** HOLE CARDS ***
Dealt to Rab90 [ ]
movin'Stone: folds
salavat710: folds
Rab90: raises 125 to 225
Xplogo: folds
buchales951: folds
Mr_Brazuca18 has timed out
Mr_Brazuca18: folds
Mr_Brazuca18 is sitting out
DJ83M: folds
Cosmin1812: calls 175
flipIT2win: calls 125
*** FLOP *** [ ]
Cosmin1812: checks
flipIT2win: checks
Rab90: bets 337
Cosmin1812: folds
Mr_Brazuca18 has returned
flipIT2win: calls 337
*** TURN *** [ ] [As]
flipIT2win: checks
Rab90: bets 700
flipIT2win: raises 2696 to 3396 and is all-in
Rab90: calls 1988 and is all-in
Uncalled bet (708) returned to flipIT2win
*** RIVER *** [ As] []
*** SHOW DOWN ***
flipIT2win: shows [Ah ] (a full house, Nines full of Aces)
Rab90: shows [ ] (two pair, Aces and Kings)
flipIT2win collected 6725 from pot
Rab90 finished the tournament in 74443rd place
*** SUMMARY ***
Total pot 6725 | Rake 0
Board [ As ]
Seat 1: buchales951 folded before Flop (didn't bet)
Seat 2: Mr_Brazuca18 folded before Flop (didn't bet)
Seat 3: DJ83M (button) folded before Flop (didn't bet)
Seat 4: Cosmin1812 (small blind) folded on the Flop
Seat 5: flipIT2win (big blind) showed [Ah ] and won (6725) with a full house, Nines full of Aces
Seat 6: movin'Stone folded before Flop (didn't bet)
Seat 7: salavat710 folded before Flop (didn't bet)
Seat 8: Rab90 showed [ ] and lost with two pair, Aces and Kings
Seat 9: Xplogo folded before Flop (didn't bet)

[OverTheBorder]

Got 6 running, pretty much all in, so we need to get finger out.  Starting in million.

[OverTheBorder]

Sigh out of million JJ<AK

We have four tables left and only a few $ in the kitty, disappointing obviously.  Hopefully get a run going in one of them, do not want to be done by 10 on a Sunday.

[OverTheBorder]

Still got two going and that is it I am afraid.  Utter blank bar the Sunday Million seat.

[OverTheBorder]

We finished 56th in the last one.  I snap shut, got rivered for 200k pot.

We have about $14 unfortunately.  Going to send a note round everyone, bear with me.

[OverTheBorder]

Right Guys

We are down to absolute fumes which means it is decision time.

I think it is important to go with extreme honesty.  The games have been a bit tougher, they are geting harder and harder and the variance in fields of this size is just massive.  I am still confident I can get out of it, I must be due some run good deep but obviously dont want people stuck too deep.

The second issue is a change of personal circumstances, I have been offered an opporunity career wise which means I would only be grinding until we get out of make up and not continuing beyond that.  I think it is important to make that clear before we go any further.  This was completely unforeseen when I set this up and involves a complete relocation.  With that in mind my wife will no longer be working nights and as she will know nobody in the area it is not fair for me to continue to play poker 2-3 nights per week.  Volume would therefore be right down at the lowest requirements until we get out of it.

If investors wish to I have no issues with continuing. I am not really rolled to buy out at any meaninful percentage at the current time, or I would offer that.  I am concious that Todd cannot continue due to his account cleanse which is obvioulsly 20% of the roll.  I do however want to make sure investors are fully aware of the circumstances.

I have an alternative solution which I hope will be mutually convenient.  We end the formal agreement and I hold the Make Up on account.  I will play on my own dime, although without volume targets.  I will put 50% of every tournament cash (excluding KO's) into a side fund for investors capped at $1200.  I will then pay out 100% of MU when I have accrued enough.  This is easily trackable via OPR and I will keep you updated.  I will review after 3 months and if people are unhappy with progress I will guarantee to buy out at 50% of MU.  If I hit a big score which smashes over the cap, I will give investors 10% of this to mean profits are not out of the question.

I am not 100% clear on the ettiquette so flame gently although in my head this seems OK.   I will still be an active forum poster and as I have mentioned previously my job requires a clean financial record so I will not be running anywhere.  If everyone wants to top up I would suggest we go with $600 and things will continue uchanged.

[redsimon]

I have an alternative solution which I hope will be mutually convenient.  We end the formal agreement and I hold the Make Up on account.  I will play on my own dime, although without volume targets.  I will put 50% of every tournament cash (excluding KO's) into a side fund for investors capped at $1200.  I will then pay out 100% of MU when I have accrued enough.  This is easily trackable via OPR and I will keep you updated.  I will review after 3 months and if people are unhappy with progress I will guarantee to buy out at 50% of MU.  If I hit a big score which smashes over the cap, I will give investors 10% of this to mean profits are not out of the question.

Would agree, obviously

Not able to top up currently though.

[BorntoBubble]

I have an alternative solution which I hope will be mutually convenient.  We end the formal agreement and I hold the Make Up on account.  I will play on my own dime, although without volume targets.  I will put 50% of every tournament cash (excluding KO's) into a side fund for investors capped at $1200.  I will then pay out 100% of MU when I have accrued enough.  This is easily trackable via OPR and I will keep you updated.  I will review after 3 months and if people are unhappy with progress I will guarantee to buy out at 50% of MU.  If I hit a big score which smashes over the cap, I will give investors 10% of this to mean profits are not out of the question.

Would agree, obviously

Not able to top up currently though.

+1 I probably would rather not top up also.

[Young_gun]

I have an alternative solution which I hope will be mutually convenient.  We end the formal agreement and I hold the Make Up on account.  I will play on my own dime, although without volume targets.  I will put 50% of every tournament cash (excluding KO's) into a side fund for investors capped at $1200.  I will then pay out 100% of MU when I have accrued enough.  This is easily trackable via OPR and I will keep you updated.  I will review after 3 months and if people are unhappy with progress I will guarantee to buy out at 50% of MU.  If I hit a big score which smashes over the cap, I will give investors 10% of this to mean profits are not out of the question.

Would agree, obviously

Not able to top up currently though.

+1 I probably would rather not top up also.

Seems fine to me, can top up also but with the risk of getting into it too much think the above is probably best.

Best of luck mate

[Redbull]

no probs, will go with majority

[OverTheBorder]

Cheers guys. Hopefully a scenario where nobody ends up out of pocket will be good.

Will wait for full responses then get things moved on.

[toddswain]

For reasons already stated itt I'm currently not in a position to reload, so obv happy to go with the general consensus. Gl whatever happens

[shipitgood]

All the best Chris with whatever you get organised

[OverTheBorder]

Cheers Nick and Kev

I have sent a few PMs to get 100% consensus.

I think the number of non top ups makes it hard to do.

Under my proposal I will send monthly notes of the balance and I will ship at 50% and 100% reclaim. Don't want to sit on money and don't want small payouts. I should be able to brind back roll within 3 months. Could be 3 days if things go well!  It is on all cashes not just winning sessions. Allows me to play a bit and I will hold investor cash balance separate as it builds.

If my volume is poor I guarantee to buyout at 50% in 3 months. At least. Hopefully offer more.

[RedFox]

Hi Chris

Im happy to go with the majority of the stakeholders.

Cheers