The chart shows the stock TANKING to me. Glad I didn't own it!
11/7 Letter from IPT
- Thread starter azhousepro
- Start date
Respectfully, I don't understand which part is not accurate.
The point I'm trying to make is that the vote of the Senate didn't happen until AFTER the World Open. He should have already paid the players by then SpiderWebComm.
Off topic, the big wigs at Party Poker and 888 and every other gambling site knew it was coming and there was overwhelming and clear bi-partisan support for it too. The voting record speaks to this truth. To say they were surprised only means they didn't know Frist would attatch it to the Port bill. Surprise! He's a politician, prone to doing things underhanded.
The point I'm trying to make is that the vote of the Senate didn't happen until AFTER the World Open. He should have already paid the players by then SpiderWebComm.
Off topic, the big wigs at Party Poker and 888 and every other gambling site knew it was coming and there was overwhelming and clear bi-partisan support for it too. The voting record speaks to this truth. To say they were surprised only means they didn't know Frist would attatch it to the Port bill. Surprise! He's a politician, prone to doing things underhanded.
ScottW said:
partypoker.net is the free website for playing. Partypoker.com is what you are looking for and the parent company is Party Gaming. They suspended all US accounts, including mine, but cashed out all US monies just as they have from the beginning. I got my last cash out in the same timely manner as I have for the last 5 years. You can still access your account on PartyPoker and I think you can still play with your play money, but they no longer accept deposits to registered US accounts. I can still play on Ultimate Bet, Bodod, PokerStars, and all Prima network sites just as I always have. Netteller is still up and running along with Instadebit. The only major financial intermediary that has shut off US accounts is Firepay as far as I know.
Offer deal to HO
Maybe KT should offer the same deal to Ho that he offered the players.
One third the price, paid off in three payments.
Or, send me a check for "something" next week and then other checks for whatever you feel like sending, whenever you feel like.
Seriously, can anyone explain to me what business sense (advantage) they think owning the IPT would make to HO and his internet gambling operations?
IMO just more smoke, mirrors and BS.
Jim
Maybe KT should offer the same deal to Ho that he offered the players.
One third the price, paid off in three payments.
Or, send me a check for "something" next week and then other checks for whatever you feel like sending, whenever you feel like.
Seriously, can anyone explain to me what business sense (advantage) they think owning the IPT would make to HO and his internet gambling operations?
IMO just more smoke, mirrors and BS.
Jim
I'd want all of the above in a signed document from KT.AzHousePro said:
Johnnyt said:
The IPT was already a loser. He didn't have enough qualifier or sponsor income to keep it floating.
If he had a pending sale, he would have paid the players in order to keep everything calm, he had nothing.
He just wanted to cut his losses. Not rocket science, real simple.
Jim
TX Poolnut said:
You forgot a very important event in this timeline. Seeing as how people have been saying such nice things about my translation of the press release, I'm going detail my version of this critical event in the IPT timeline from the movie script I'm working on. (The working title is "12 Angry So-Called Fans")
October ??? 2005 - Safely ensconced in the back room of a seedy Hong Kong bar, a heavily disguised KT lays out the IPT deal to Anthony Ho (Who's wearing a white suit and a Panama hat). Deno Andrews, dressed in trench coat, stands by the door, casually flipping a quarter whilst continually chewing on a toothpick in his mouth. The conversation takes place in a hushed whisper. KT opens the negotiations by offering Mr. Ho a free sample of Coral Calcium, which Mr. Ho politely declines, but nevertheless he cannot help but be impressed by KT's command of Mandarin Chinese.
At one point a couple of drunks from the bar wander over to a ragged pool table just outside the door and rack the balls. Deno's eyes snap to them, his right hand smoothly slips the quarter into his pocket and slides inside the trench-coat to grasp the butt of a 1911 .45 automatic in a shoulder holster. We get a glimpse that under the trench coat he's wearing nothing but an S&M outfit comprised of leather straps and red vinyl.
"But what about the American government?" Ho is asking. "We hear they can be quite .... unreasonable ... when it comes to dealing with honest business men like us"
"Have no fear. The American government is so lazy and corrupt there is no chance they will ever interfere with our plans."
"But surely our enemies will get wind of the plan and beat us to the market?"
"No, I have the perfect cover. We'll tell them all I'm a rich fool who likes to waste his money on his friends just to make them happy."
"Surely no one will believe that, not even lazy, foolish Americans?"
"Just leave that all to me. If I can sell them rocks to cure cancer I can have them believing women can compete with men, that 8 Ball is the best tournament game, that winner breaks is fair, that even a last place finish can earn them $100,000 a year, and that our young Deno here is really a nice, honest family man."
He winks to Deno, who acknowledges this with a curt nod without taking his eyes off the pool players or the hand off his gun.
Camera pulls back, sinister music swells.
Cut to an American Pool hall, a clean-cut young man is practicing the L routine seriously in silence, whilst an old man on a stool, clearly the coach, nods approvingly. The player's little brother bursts in and breathlessly tells them he has secured a loan against their mother's car to cover their expenses for the big trip to Reno. The two young men high-five each other and begin to plan the trip in detail....
To Be Continued...
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No this law was not a surprise i remember reading about it in a poker magazine at least a year before it happened!StraightPoolIU said:
bit late coming into this and i'm too tired to read all eight pages, but it's a great email which is full of great news and reassurances. he's promising to pay 100% of the money, assuring us the IPT will continue, and acknowledging mistakes. I'm very optimistic.
T
Timberly
Guest
He's done that in every announcement sent out to the players.worriedbeef said:
9 Ball Girl...quoting KT's e-mail <<...it is still the IPT's intention to pay all players, in full, 100 percent of the prize money promised.
...Again, I want to make perfectly clear that all players will be paid 100
percent, in full.>>
What he did...over and over...was to QUALIFY...as in HEDGE his remarks about payment...such as saying that it is the IPT's INTENTION to pay out the money.
Check his e-mail and you will see that it is hedged over and over with statements about a Ho Interactive IPO...or failing that, his own IPO.
He didn't say that the IPT would pay in full if the moon gets in the second house and jupiter aligns with mars...but just about.
But then, as you quoted..he makes a point blank UNqualified assurance that the players WILL BE paid in full...because IMHO...he just can't help himself. His whole adult LIFE has been based on false promises and I don't think he could stop doing so if he tried. Compulsive lying is a clinical mental disorder that is not easily treated...assuming the person WANTS treatment...and few suffering from that disorder do...because they CANNOT achieve their version of "success" doing it the old fashioned way...truthfully.
Regards,
Jim
...Again, I want to make perfectly clear that all players will be paid 100
percent, in full.>>
What he did...over and over...was to QUALIFY...as in HEDGE his remarks about payment...such as saying that it is the IPT's INTENTION to pay out the money.
Check his e-mail and you will see that it is hedged over and over with statements about a Ho Interactive IPO...or failing that, his own IPO.
He didn't say that the IPT would pay in full if the moon gets in the second house and jupiter aligns with mars...but just about.
But then, as you quoted..he makes a point blank UNqualified assurance that the players WILL BE paid in full...because IMHO...he just can't help himself. His whole adult LIFE has been based on false promises and I don't think he could stop doing so if he tried. Compulsive lying is a clinical mental disorder that is not easily treated...assuming the person WANTS treatment...and few suffering from that disorder do...because they CANNOT achieve their version of "success" doing it the old fashioned way...truthfully.
Regards,
Jim
T
Timberly
Guest
I tell ya what KT... I'm one of your biggest "nay-sayers".AzHousePro said:
Prove me wrong and make me "eat my words". If you pay the players the $3 mil in FULL and you pay everyone else in the pool world that you owe money to (some media that I know of for sure) and I'll change my avatar to reflect something like the one below.... It'll be me kissing your ass and I'll leave it up for the same amount of time that the players had to wait for their payment in full.
Attachments
"The unforeseen, surprise, and sudden outlawing of online gaming in America dramatically and instantly reduced the IPT's 2006 sponsorship revenue and additional funding sources by over 80 percent. This totally unforeseen and unfortunate development has caused a temporary shortfall in IPT revenues. This has forced us to delay your prize money from the last tournament. "
Unforeseen? Are you kidding me? How long does it take legislation to get to the Pres.'s desk? Does he really expect anyone to believe that no one in his employ was monitoring what was going on in Congress?
Edit: The bill was introduced Nov. 18, 2005, and worked its way through congress, was placed on the Senate calendar July 13, 2006. There's no way that KT/his lawyers and advisors did not know this was in the works.
Unforeseen? Are you kidding me? How long does it take legislation to get to the Pres.'s desk? Does he really expect anyone to believe that no one in his employ was monitoring what was going on in Congress?
Edit: The bill was introduced Nov. 18, 2005, and worked its way through congress, was placed on the Senate calendar July 13, 2006. There's no way that KT/his lawyers and advisors did not know this was in the works.
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ingybingy said:
I am not sure if that is the message Trudeau wants us to believe but if it is then the answer is yes, that's what he wants us to believe. Actually, his entire career is based on wanting the listener to believe everything that Trudeau says. In this situation however there probably was not anyone monitoring the legislation, which did pass through as a rider in a bit of a surprise, because it probably did not truly affect the IPT's inability to pay. That was probably a foregone conclusion when the tournament started with no chance of it happening by tournament end.
In fact the whole excuse about the law and the climate was only first used by Trudeau after the possibility, as framed by the nebulous Ho Interactive deal, was discussed extensively by the members here. It seems more a case of Trudeau attempting to use public speculation as reality a'la carte'.
Roadie said:
Uh, that was my point. And, considering that Levick Strategic Communications handles at least part of his media presence, there's absolutely no chance that no one was monitoring the progress of the bill.
("Levick Strategic Communications is a global leader in high-stakes communications, directing the media on the highest-profile litigation and crisis matters of our time. We are chosen by more law firms to manage legal media, marketing, and public relations for high-profile cases than any other PR firm in the world.")
Additionally, there's no way that the Ho organization (if it's ever even heard of the IPT) didn't know about the legislation.
By the way, here's a fun fact--when the legislation was first introduced five years ago, it was defeated by Tom DeLay for Jack Abramoff.
The Week That Was
"Remember, all players will be receiving checks this week and each week
thereafter until paid in full. "
Anybody get one?
"Remember, all players will be receiving checks this week and each week
thereafter until paid in full. "
Anybody get one?