letter from KT

[!Smorgass Bored]

deleted.....

 

[ironman]

Make sure they tell you how to turn off that " Service Required" with a big-ass wrench picture. I have an 06 Acura and i cant get that friggin thing off and it's really gettin to me. If i have to have Acura turn that off- it will be the last one i buy and im on my 3rd.

Other than that, I have about 350K on on 5 different Honda/Acuras without a single penny spent on mechanical repairs.

Disconnect and reconnect the positive side battery cable and it will be cured.

 

[ironman]

Sent by Deno?

But signed by Kevin Trudeau?

???????????????????!

 

[CHRIM]

We're worried... But STILL BELIEVE!!!..thanks for the letter at least.
Sincerely, Jeff Beckley

 

[TheOne]

Initial reaction is GREAT, what a lovely letter but...

then you think about it....

a) If this was the case why leave the players dangling for weeks and make up a host of other excuses?

b) This does indeed confirm that the IPT doesn't have the cash to pay Reno, it is dependant on the Ho Deal.

The most worrying thing for me is the way they handled this situation, its not growing pains or glitches. They made up numerous stories about the cheques and didn't tell the "truth" to the players for almost a month.

 

[jjinfla]

Why did you change your tune? I thought you argued in favor of the IPT all along...

I am registered as a Republican (now) and think that Foley should be in jail.

I follow the evidence and go where it takes me. I liked the IPT because of what I saw. As long as the events were taking place, and they sure were gala events, and the players were being paid, I thought the IPT was great.
Even though I could see no way that KT was making money on the deal. It was all a gift from KT.

Now that the players are not getting paid, and there is no logical explanation, it looks like the sugar daddy is gone.

Jake

 

[corvette1340]

Prediction...

Here is my prediction for the next few months of the IPT saga:

First of all, I don't think KT has intentions for ever paying the Reno payouts. They lied about the checks not being delivered and then stalled for over 3 weeks. Now this letter says that they are waiting for the "Ho" deal to go through. It is all a stalling tactic while KT tries to find some more outside funding due to the lack of success by the qualifiers. I predict that the so called "Ho" deal will never go through. I doubt that such a deal was ever in place. This stalling will go on for a couple of months and then finally the IPT will issue a statement that the deal didn't go though for whatever reason and they can no longer continue. Or worse, they won't even offer an explanation , just simply fold. Everyone copy and paste this post for future reference. If I am wrong you guys can say I was wrong. But I get a big "I told ya so" if I'm right. Peace, I'm out.

Negrodamus

 

[Southpaw]

If in fact, the letter turns out to be truthful, then it explains only one thing to me. London was cancelled for the same reason as why reno to date, is unpaid. The ipt doesnt have any money. It is all smoke and mirrors.

I just hope to God that Ho is really buying (bailing out) the ipt.

Back in May, when kt told me ( and several pro players) that he had sold 51% of the ipt for 50 million dollars to a european inteest, I told John Schmidt that this would be the greatest news possible. I figured then, as I figure now, anyone owning the ipt is better than present ownership. If someone had actually spent (or in Ho's case may spend in the future), any REAL money to save the ipt, it wouldn't be for the purposes of folding it.

Regardless of how much Ho buys the ipt for, I am sure it will include the debt incurred at reno. For the players, it is good news and bad news. The good news is that the players will get paid. The bad news is that it may take MANY months to finalize this sale.

I wouldn't be surprised to see, in the wake of this revelation, that the ipt will soon announce that Chicago will either be cancelled or suspended. They can call it whatever they want, but they don't have the money to host that event either.

Best case scenario is that HO buys this thing quickly, and the players get paid, soon. After that, everything else is gravy. As long as the players are atleast even (not owed any outstanding prize monies), then this thing can still be a success.

I hope to see the ipt's 2006 season end on a positive note, and giving momentum for the future, under new ownership.

Now that the players have been warned, and have seen the potential for disaster for themselves, they had better unite into/under a comprehensive players association. This shold be the worst thing that happens throughout this ordeal. It would be a lesson well learned.


rg

I agree 100%....Trudeau is a billionare supposedly so he should step up and pay the players out of his pocket if necessary! I think every player that has not been paid by the next event should corner KT at the event and tell him to pay or they will refuse to play. Im sure that would look real good for his image with all the spectators there and the billiard magazine reporters. His past should say enough about his character.

Southpaw

 

[ScottW]

If indeed, they're waiting on the deal with Ho to be finalized before paying the players what they're due - and the deal with Ho was in the works *before* the Reno event (if I'm wrong on that, please correct me and show me why) -

Then chances are, they were planning to wait on paying out the winnings before the event started in the first place.

So why the whole "Oh someone didn't check 'Saturday Delivery' on the FedEx package with the checks" bit? Was that just a red herring?

FYI, KT writing a letter and having Deno send it from his email address to the list isn't that big a deal. It's sorta the modern equivalent of the executive guy who calls in the secretary and dictates a letter, she goes and types it up, and he just signs it. I would wager that KT doesn't want to have *any* public email address tied directly to him - as all of YOU people would start deluging it with "WTF???" emails.

 

[ScottW]

I follow the evidence and go where it takes me. I liked the IPT because of what I saw. As long as the events were taking place, and they sure were gala events, and the players were being paid, I thought the IPT was great.
Even though I could see no way that KT was making money on the deal. It was all a gift from KT.

Now that the players are not getting paid, and there is no logical explanation, it looks like the sugar daddy is gone.

That Kool-Aid just doesn't have that same crisp taste anymore, huh?

 

[av84fun]

<<Trudeau is a billionare supposedly >> I'm just curious as to what moderately, semi-credible source leads you to suspect that might be true?
(-:

 

[jay helfert]

We're worried... But STILL BELIEVE!!!..thanks for the letter at least.
Sincerely, Jeff Beckley

Good job Jeff in the Open!

 

[jay helfert]

anyone else get this


Dear IPT Player,

Thank you all for participating in the IPT World Open. It was truly the
greatest tournament in the history of billiards. I would like to
express my
sincere apology for the delay in sending you your tournament winnings
checks. This delay has been unavoidable due to a multitude of factors
most
notably the finalization of the IPT acquisition by Ho Interactive. I
want to
assure you that your checks will be issued very soon and simultaneously
we
will be formally announcing the exciting merger/acquisition with Ho
Interactive. I want to especially apologize to the 30 players who
stayed at
the Reno tournament to pick up their checks.

The IPT is a new major business enterprise. In building the IPT
business
starting from nothing, the IPT like all new fast-growing businesses has
and
will experience growing pains. Your support and patience is important
as the
IPT develops and grows. As with all new businesses, challenges,
changes,
adjustments, and modifications will occur as the business grows and
matures.
The IPT is solid and is committed to growing. The Ho Interactive
corporate
merger is a massive and complex business transaction which will give
the IPT
world-wide credibility and financial stability more quickly than having
the
IPT stand alone. This deal will also provide IPT players, as well as
IPT
supporters, additional financial opportunities as our intention is to
go
public with the enterprise.

All new businesses have naysayers. The IPT from its inception has had
its
share of people who enjoy spreading false negative gossip about the
IPT.
These prophets of doom look for anything that they can point to as
negative.
The fact is the IPT in a little more than a year has been more
successful
than virtually all other billiard tournament promoters and associations
combined. To date, we have paid out more than $3.5 million dollars in
added
prize money to players. We have Prime Time television coverage on a
major
network with a weekly timeslot. We have heavy promotion via our
broadcast
partners that is unprecedented. Our tournaments are broadcast live on
Eurosport with repeat airings in Prime Time. The IPT has attracted
major
sponsors including Vonage, Dish Network, Emerson, with more in
negotiation
now. We have produced a world-class website with the highest quality
live
broadcasting of tournaments as well as on-demand viewing of dozens of
matches. We have treated the players with more respect than they have
ever
received before. In the last two tournaments, we have provided free
food,
massage therapists, and other amenities at a cost to the IPT of over
$700,000. We have listened to the players and continue to improve each
tournament based on your suggestions and recommendations.

The IPT is poised for a spectacular event in Chicago as well as our
2007
Tour Card Tournament and the King of the Hill Tournament. We are
currently
planning and organizing the 2007 & 2008 tournament schedule. Your
continued
support and patience is needed and appreciated.

I am looking forward to seeing you all again in Chicago for another
exciting
tournament. Thank you again for your understanding and alliance.

Very truly yours,

Kevin Trudeau, Founder IPT

I had to read this letter again for the third time now. There is no real promise as to when the players will be paid. Only a request to be patient.
And then a long litany of all the great things he has done already. It almost feels like an attempt to get more players to play in the qualifiers. Another sales pitch if you will.

For the sake of the players, I hope I am proved wrong on this one.

 

[Island Drive]

I had to read this letter again for the third time now. There is no real promise as to when the players will be paid. Only a request to be patient.
And then a long litany of all the great things he has done already. It almost feels like an attempt to get more players to play in the qualifiers. Another sales pitch if you will.

For the sake of the players, I hope I am proved wrong on this one.

What KT has done is he has "proven" there is a product (worlds best players) by kick starting the action. He chummed the billiard world with his style, cash and connnections and in doing so found out the players all "showed up". Ho realized there is great value in that, especially in his part of the globe. With the hot bed of the sport overseas, and no American Old School "Negativism" like all our city councils/judges and the like have.................. there are no social barriers for him to overcome, that is huge. People overseas that have risen to a level of expertise in billiards are looked up too, in the states "wasted youth" is the known mind set in our country. By Xmas I hope its HO HO HO.........

 

[jjinfla]

Here is my prediction for the next few months of the IPT saga:

First of all, I don't think KT has intentions for ever paying the Reno payouts. They lied about the checks not being delivered and then stalled for over 3 weeks. Now this letter says that they are waiting for the "Ho" deal to go through. It is all a stalling tactic while KT tries to find some more outside funding due to the lack of success by the qualifiers. I predict that the so called "Ho" deal will never go through. I doubt that such a deal was ever in place. This stalling will go on for a couple of months and then finally the IPT will issue a statement that the deal didn't go though for whatever reason and they can no longer continue. Or worse, they won't even offer an explanation , just simply fold. Everyone copy and paste this post for future reference. If I am wrong you guys can say I was wrong. But I get a big "I told ya so" if I'm right. Peace, I'm out.
Negrodamus

I think you are 100% on point.

22 days and counting.

Never, ever trust (that means give him your money) anyone who looks you right in the eye and has a smile on his face.

But I did enjoy the ride and I did get to see some pretty good pool so I did come out ahead. As did all the players prior to Reno.

The players should just chalk it up to another life experience and go on with their life.

Go back to the local tournaments where they can return to beating up on all the weak players and taking their money.

At least Allison Fisher has never done that. As far as I know. She stays at the professional level.

Jake

 

[Scottster]

Today I watched 3 hours of the Midwest Classic finals and now I am watching the Bears. This Bear team is really good. Much better than the '85 Bears. Watching football is much more fun than watching pool.

The letter sounds like a stall.

I really don't care about the IPT anymore. Or watching the pros play.

I think I am burned out on pool.

Time to go and buy a new car. Most likely a Honda this time.

Good luck to all the IPT hopefuls.

Jake

Have I totally lost it, or were you not one of the biggest IPT supporters on these forums?

Nevermind, the light just turned on, it all makes sense now. The Bears are finally good again, therefore you will cheer them on. You're a bandwagon fan.
Good thing you're in Florida, from my understanding, Chicago sports fans dont take too kindly to bandwagon fans.

 

[jjinfla]

What KT has done is he has "proven" there is a product (worlds best players) by kick starting the action. He chummed the billiard world with his style, cash and connnections and in doing so found out the players all "showed up". Ho realized there is great value in that, especially in his part of the globe. With the hot bed of the sport overseas, and no American Old School "Negativism" like all our city councils/judges and the like have.................. there are no social barriers for him to overcome, that is huge. People overseas that have risen to a level of expertise in billiards are looked up too, in the states "wasted youth" is the known mind set in our country. By Xmas I hope its HO HO HO.........

Actually what Kevin showed is that there is a product that no one wants. Not even pool players.

All the IPT members were given ten free passes for family and friends and whomever and I'll venture to guess that less than 10% of them were used.

Sure the players showed up, they were hungry for the money. They sure didn't do anything to promote the event. It was all one way. What will they receive?

Scrabble was on TV yesterday on ESPN. I didn't stay to watch it but the announcer did mention that on the scrabble website, wherever that is, they had over a million hits. Scrabble? I wonder how long it takes to get a million hits on a pool site.

Just to remind everyone of how much lack of interest there is in the IPT there are tons of people who do not even know that the players did not receive any money from Reno. One I spoke with yesterday had even entered two qualifiers.

Everyone here sure has to admit it was fun while it lasted. But now it is time we have to realize that it just did not work out.

Jake

 

[jjinfla]

Have I totally lost it, or were you not one of the biggest IPT supporters on these forums?

Nevermind, the light just turned on, it all makes sense now. The Bears are finally good again, therefore you will cheer them on. You're a bandwagon fan.
Good thing you're in Florida, from my understanding, Chicago sports fans dont take too kindly to bandwagon fans.

Chicago sports fans just follow the team for the pure joy of it. How else can you explain all the fans following the Cubs? I was always a Cubs fan. They always had one home run hitter and one good pitcher. Hated the Sox. Can't beat fun at the old ball park.

Always a Bears fan. Never a Cardinal fan when they were the second football team in Chicago. Blanda to Hill down the sideline. McMahon took the Bears to the Super Bowl in spite of Ditka.

Jake

 

[Timberly]

Two or three days before that email went out, Lindsay told a friend of mine that the checks were going to be sent FedEx the following day (Fri I believe). I told my friend that while I hoped it was true, I wouldn't believe it until I saw it because anytime someone has actually reached Deno or Lindsay, they're always told that the checks will go out tomorrow or in a couple of days. I also heard someone at the open mention that they talked to Deno on Fri and he too said the checks were going out that day or the next.

Then this email gets sent out....

Un F'ing believable.

Hey KT & Deno.... the open is over, you can send the checks now. There were some players that couldn't afford to go, which I'm sure you got a big kick out. However, it was also a backfire on you.... Some of the big name players that have won large amounts at your event more than likely wouldn't have bothered with the open if they had been paid. Since you chose not to pay them, they had no choice but to try and earn their living at another event.

 

[wahcheck]

integrity

Two or three days before that email went out, Lindsay told a friend of mine that the checks were going to be sent FedEx the following day (Fri I believe). I told my friend that while I hoped it was true, I wouldn't believe it until I saw it because anytime someone has actually reached Deno or Lindsay, they're always told that the checks will go out tomorrow or in a couple of days. I also heard someone at the open mention that they talked to Deno on Fri and he too said the checks were going out that day or the next.

Then this email gets sent out....

Un F'ing believable.

Hey KT & Deno.... the open is over, you can send the checks now. There were some players that couldn't afford to go, which I'm sure you got a big kick out. However, it was also a backfire on you.... Some of the big name players that have won large amounts at your event more than likely wouldn't have bothered with the open if they had been paid. Since you chose not to pay them, they had no choice but to try and earn their living at another event.

This is what we've seen in the days prior to the e-mail....several people stating that they had reached somebody on the IPT staff, and were told the checks were being mailed ........now this e-mail looks very much like a continuation of the "stall"....with KT's request that the players be "patient"...