What are IPT assets?

fish on

AzB Silver Member
Silver Member
Assets VS. liabilities ? What is left? When you sell a business you show something whether profits, losses or potential, the purchase price is broken down by fixed assets and goodwill.

What are the things the IPT still owns, and what is the business good will.

It does not look good , sorry. He is not going to put in any more added money of his in. That is a fact Jack.:(
 

8-ball bernie

AzB Silver Member
Silver Member
pan to kevin and deno, in kevin's corvette,headed towards mexico."so tell me again, what was the original plan?" deno asked,"the plan was gather players from everywhere, make them happy by paying the first tournament, then slowly start holding back money,and eventually,keep all the money go to mexico and elope with eachother" what do you mean eachother?" well,deno, your--your--math, the way you keep track of round robin tournaments, it gets me well, hot. "kevin,my god" "deno, will you marry me,and go on tour promoting things that don't really exist?" "kevin, i never in a million---deno's voice trailed off with a curious wonder regarding kevins "lower member" the night took on a romantic alure while they stoped at a fancy steak house in san diego. the rest as they say, is history,cut to the future,2014,kevin and deno are life partners now,and they are enjoying eachothers company,"hey, deno,look at this, i think i found a cure for the common cold" "your kidding deno jumped to his feet with excitment,how -what? "it's simple, if you stop breathing for 7 minuetes,you automatically will have no more symptoms."you mean no more heartbeat,you die right?"well, yeah, but still, i could print no more cold,can't i? "that's why i love you kev, your always one step ahead"
of the police,thought the fly on the wall.
this story was brought to you by bernie friend,another satisfied ipt player.
 

fish on

AzB Silver Member
Silver Member
no more Ho on IPT site?

Looked on IPT site ,they had Ho as flash sponsor it is now gone.?:
 

Roadie

Banned
Assets: a couple hundred hours worth of video of the greatest players in the world competing.

Hey SpiderWeb guy. Call up Pat Fleming at Accustats. If you want to do a job for free putting up some content in a streaming format then put up the AccuStats library. I will be subscriber #1 and pledge $20 a month for the first year.

Well Mr. Goldwater, it seems as though you were correct. It seems that only after legal action was threatened by you and Linda that the IPT decided to come out with some "information" in order to purchase a little more time. A truly sad state of affairs.
 

Roy Steffensen

locksmith
Silver Member
Roadie said:
Assets: a couple hundred hours worth of video of the greatest players in the world competing.

Hey SpiderWeb guy. Call up Pat Fleming at Accustats. If you want to do a job for free putting up some content in a streaming format then put up the AccuStats library. I will be subscriber #1 and pledge $20 a month for the first year.QUOTE]

I am definitely signing up for that one!!!!!
 

av84fun

Banned
Roadie...<<Assets: a couple hundred hours worth of video of the greatest players in the world competing.>>

Let me take a WILD GUESS at the above asset value. I would guess that 200 hours of such videos would over the long term...say 10+ years be worth GROSS income of no more than $12.5 million.

200 hours = 100 videos of 2 hour's length times 5000 TOTAL units sold over time time times $25 per unit = $12.5 million.

NET income would be WAY less due to duplication/marketing/overhead costs etc.

So the PRESENT VALUE TODAY would not exceed a couple of million.

Again, WILD guess. I would love to hear an authoritative estimate...and so would the courts fairly soon I would imagine.
Regards,
Jim
 

cuetique

IPT? Smells like roadkill
Silver Member
Don't forget the $400 disco smoke machine, and $250 worth of mirrors from Walmart.
 

memikey

Never Has Been
Silver Member
fish on said:
Looked on IPT site ,they had Ho as flash sponsor it is now gone.?:

Too impatient to wait the 3 seconds or so for the Ho Casino.net ad to flash in its turn or is a visit to the optician needed?:)
 

jimmyg

Mook! What's a Mook?
Silver Member
Priceless

cuetique said:
Don't forget the $400 disco smoke machine, and $250 worth of mirrors from Walmart.

One hour spent watching and listening to Kevin Trudeau and Mike Seigel -----Priceless-----
 

Da Poet

Pool is Cool
Silver Member
Actually the IPT name is the main asset. What's it worth? Depends on how much it costs to start up an international pool tour vs asking price. Seems weird but it actually has a significant value.

It's funny, but there are people/companies who control a well recognized name and lease it to other companies. Bally's is one. Bally's is really only a name leased to hotels, workout centers, pinball machine makers etc. I'm sure they are making a fortune with that name.

This is what seems so self destructive about these events. Without creating a positive aura about the IPT through prompt prize payments, and spitting out dumb crap about players asking for loans and not thanking him enough, he's diminishing the value of the "IPT" as a brand name.

I recognize it takes a certain type of idiot to jump into something like this, and KT should be given some props for putting up the money and getting this thing started, but honestly, his behavior since Reno is bizarre. It's bizzare because it seems like lately he's not even capable of maintaining his own self interests.
 

Klopek

AzB Silver Member
Silver Member
av84fun said:
200 hours = 100 videos of 2 hour's length times 5000 TOTAL units sold over time time times $25 per unit = $12.5 million.
5000 videos sold at $25 is only $125,000. The IPT would have to move 500,000 videos at 25$ a pop to make 12.5 million. If they get really lucky and sell 50,000 copies, they'll just break a million.:)
 

fish on

AzB Silver Member
Silver Member
Did they pay for the video production?

:confused: :confused: Do you think other people- video companies- venues- banks etc.along with players are still waiting for money owed to them also. This is the normal way a debter operates.:eek:
 

Colin Colenso

AzB Silver Member
Silver Member
8-ball bernie said:
pan to kevin and deno, in kevin's corvette,headed towards mexico."so tell me again, what was the original plan?" deno asked,"the plan was gather players from everywhere, make them happy by paying the first tournament, then slowly start holding back money,and eventually,keep all the money go to mexico and elope with eachother" what do you mean eachother?" well,deno, your--your--math, the way you keep track of round robin tournaments, it gets me well, hot. "kevin,my god" "deno, will you marry me,and go on tour promoting things that don't really exist?" "kevin, i never in a million---deno's voice trailed off with a curious wonder regarding kevins "lower member" the night took on a romantic alure while they stoped at a fancy steak house in san diego. the rest as they say, is history,cut to the future,2014,kevin and deno are life partners now,and they are enjoying eachothers company,"hey, deno,look at this, i think i found a cure for the common cold" "your kidding deno jumped to his feet with excitment,how -what? "it's simple, if you stop breathing for 7 minuetes,you automatically will have no more symptoms."you mean no more heartbeat,you die right?"well, yeah, but still, i could print no more cold,can't i? "that's why i love you kev, your always one step ahead"
of the police,thought the fly on the wall.
this story was brought to you by bernie friend,another satisfied ipt player.
Bernie,
There's a career waiting for you, writing satirical prose for high school year books:p

Colin
 

justnum

Billiards Improvement Research Projects Associate
Silver Member
Same situation as the USPPA

what can be done to prevent a tournament or event from just calling it quits and filing bankruptcy (not paying)?

Problem still hasn't been solved. I know back then escrow was a famous word. But today BCA holding entry fee money has happened.
 
Top