letter from KT

Alot of players on the IPT hustled and stole in the past, others simply
have no business on the tour to begin with.

Karma people.

The IPT is not a scam per se, rather, as mentioned earlier, a failing business
venture built upon an unsustainable model.

There was certainly a level of deception on KT's part as to the details of said model but I don't believe he intended to cheat anyone out of any money.

Let us not forget that the IPT has ALREADY paid out MILLIONS, who else has done that?
 
TheOne said:
lol Jake, I read your first post and you laughed at the pool players being "hustled", then I started to read your second and you said "I really don't know how you can call it a scam!"

Make your mind up mate! :D


But The One show me where the scam is. In a scam the scammer scams the scammee and the scammer runs away with the money. So far the potential scammees are the only ones who have received money and the potential scammer has lost money.

Now that is not a very good scam in my opinion. Unless the scammer is MS. He seems to have done okay. That is of course if he ever did really receive 150K and 100K or whatever his prizes were. For all we know it may have only been a few thousand as someone here mentioned and it was all show. Like salting the goldmine.

But now we have definitive knowledge from the Purdman saying the checks will arrive this week. And Efren has already received his big check.

Okay, where is that reverse lever. I'm backing up.

If that happens then all is forgiven. The players will all be happy again.
Go IPT. I'm with you KT. You're the Man. Let's fill up the qualifiers.

Rosemont will be the greatest event ever.

And Jay I am sure you know that there is a big difference between a gambler and a hustler.

Jake
 
jjinfla said:
But now we have definitive knowledge from the Purdman saying the checks will arrive this week. And Efren has already received his big check.

Jake, I've got ocean front property in Arizona worth more than what Purdman was told. Every week a player is able to reach Lindsay and/or Deno and everytime "the checks are going out tomorrow or the next day" and everytime has been a lie. The guy that's helping some of the Filipinos told me on Thur that he himself had talked to Lindsay and that's what she said. I told him that was great and all but I'll believe it when I see it.

Now instead of a check in their mailbox, they have a letter in their email telling them to continue to be patient even though there was no hint at how long they were going to have to wait.

I've still got a lot of reading to do in order to catch up...who said that Efren has been paid and were they talking about Vegas or Reno?
 
Purdman said:
OUCH! That hurt. I wll not respond in kind.
Purd
That wasn't directed at you Purdy. That's exactly what I told the other guy when he said "I heard it from Lindsay herself". It's a simple fact that others have been hearing the same thing from both Deno and Lindsay for 3 weeks. If the checks really went out on Fri like Lindsay said they would, I don't think there would've been a need for the bs email from KT. ;)
 
Timberly said:
That wasn't directed at you Purdy. That's exactly what I told the other guy when he said "I heard it from Lindsay herself". It's a simple fact that others have been hearing the same thing from both Deno and Lindsay for 3 weeks. If the checks really went out on Fri like Lindsay said they would, I don't think there would've been a need for the bs email from KT. ;)

Please refer to me as " my friend Purdman or Don ". My wife has been bit@hen at me for a week now and maybe I am just a little touchy. My bad, and I apologize.
Purdman;)
Hey, send me my picture before we get divorced!!:D
 
smashmouth said:
Alot of players on the IPT hustled and stole in the past, others simply
have no business on the tour to begin with.

Karma people.

The IPT is not a scam per se, rather, as mentioned earlier, a failing business
venture built upon an unsustainable model.

There was certainly a level of deception on KT's part as to the details of said model but I don't believe he intended to cheat anyone out of any money.

Let us not forget that the IPT has ALREADY paid out MILLIONS, who else has done that?

Good points..

ON this issue of "selling" the IPT.

What do people consider its value is?

Incoming:

1. Qualifiers - $???
2. Sponsorship - $???
3. Advertising - $???

Total = $Not much

Outgoing:

1. $18m a year of prize money (2007 list)
2. Production costs
3. Admin

Total = $Too much

$150m???

Hold the phone! You could hold an identical tour for, what, 8 years? With no income at all.

It can't be worth $150m then.

As a going concern, we all know its worth nothing. If it cost KT $100,000 to hype this one out of the world and convince everyone to enter it - then surely this tainted tour is therfore worth LESS than $100,000.

In other words, its worth nothing and never will be.

If you can advertise on a football shirt for a few mill and gain prime time tv and durable press nearly every week - why gamble on an unknown in the first place anyway?
 
Yes

Nostroke said:
Personal Bankruptcy laws were changed-Were Corporate Bankruptcy laws changed as well?

Yes they were, although not too quite the extent that personal bankruptcy laws were.

KT knew what he was doing. I sure he and MS had talked for years abouit it and how it should be done. He put millions of his own money into it. He has a business model, short and long range plans. I am sure he had a plan to make some money at it too. What he may be trying to achieve right now with HO is the sustaining step for the tour to become fairly well solidified for at least 3-5 years.

Obvioulsly the tour has attracted companies interested in being sponsors, he is gaining on TV rights in different countries, and other things. These are all parts of the infrastructure needed for a long term tour that pays out the kind of money he is paying out. Casinos around the world host big Pool tournaments, it is a side venture for them that has other benefits for them. I am sure that is a consideration for Ho and his Casinos. Maybe Ho is wanting to expand his Casino ownership outside of Macau.

Nothing happens overnight, it takes time, and working things out.
 
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jay helfert said:
I have to say something here Jake. I don't think it's as simple as that, "Just chalk it up to experience and go on with your life."

When someone has devoted so much time and energy and money to participate on the highest level in any sport, they do not expect their efforts to be belittled in such a manner. It's like saying "nice try, too bad, better luck next time".

It doesn't matter if they are poolplayers, bowlers or anything else. This is not simply about the tough luck of being a pool player. It is about being deceived and taken full advantage of. If they are not paid, then whoever perpetrated this scam should be held accountable. And all those who played a role in this sham should be punished to the full extent of the law.

My feeling is either make good on all promises or face prosecution either civilly or criminally. KT and his crew should not get off scot free. They have made a shambles out of many peoples lives. It's time to pay up or face the consequences.

This was not some little local shindig where a few guys put up ten bucks and the tournament director ran off with the money. These were major television events with well publicized prize funds. The world's top pool players traveled from all over the globe to participate. Someone has to pay, one way or the other.

I agree with this 110%....someone should get something legally in the works NOW...class action suit in....civil suits...maybe when court summons start appearing they'll get off their a$$es and pay up...people it seems to me have taken to being sheep when they get screwed lately....remember there is strength in numbers....;)
________
 
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Craig Fales said:
I agree with this 110%....someone should get something legally in the works NOW...class action suit in....civil suits...maybe when court summons start appearing they'll get off their a$$es and pay up...people it seems to me have taken to being sheep when they get screwed lately....remember there is strength in numbers....;)

It's kinda ironic, Don Mackey sued RJ Reynolds from its lack of performance or what ever the legalese was, and now KT the next CEO of professional pool is seemingly in a familiar situation. I know its all hearsay at this point just coincidentally the same.
 
jjinfla said:
Gee Jay, I heard through the grapevine that you are a pretty good player and have been known to gamble a bit at the game. Even hustle now and then I hear.

It seems that now the hustlers all got hustled and they are crying like babies.

They never felt sorry for the people they hustled in the past but now when the tables are reversed it is not right.

I watched the LJJ v MS match last night. Only could take about 5 or 6 racks. Really a bad performance. But the announcers were talking about how MS used to hustle. Go into a town and "rob" them of $10,000. Then one of them even said, "he is robbing them now". And they commented on how MS was making the run out look difficult. Didn't say "lemon man" but it was obvious that was what they were thinking.

I said it at the beginning. Mike Sigel was the king of the hustle and he managed to hustle KT and all the pool players. To me it seems obvious that MS was looking out for MS. He was the main winner in this game.

Can't say that I blame him. That is what is expected in the world of pool. If a person is sucker enough to fall for any proposition bet he deserves what he gets.

It was fun while it lasted and now it is time to leave the fantasy world and return to real life.

Jake
Hustler is such a misused term on this board and I often cringe when I see it used. Hardly any "HUstling" goes on anymore. There are few left who know anything about it, much less how to. To be honest most who got hustled were looking for it anyway. Anymore it is a term the winner is labled with.

I have spent the better part of my adult life around pool rooms all over this country and have been hustled 100's of times and usaually won. So, who got hustled.

Jay has spent a big part of his life in and around this game. To call the man a hustler is a bit of a stretch and honestly rather insulting.

When we drive down Main Street we could easily call every business a hustle if we wanted. Been to a car lot lately. From the very 1st hello they have started qualifyig us to see if we can even afford a car or how much we can or will spend. We know that before we drive on the lot, but, we still go in and listen to all that BS. Some even brag about what a good deal they got, full knowing they just got screwed.

Most good players I have known or been on the road with, are terrible hustlers. The very reason they are so bad is the very reason they are good plalyers. They don't care about the hustle, they just want to play and get their kicks by out running the nuts.

To claim now, that the players,"had it coming" to me is just outrageous.

But, maybe you sumed it best, back to the real world. Just one question though, does that include REAL POOL, REAL RULE, AND REAL MONEY.

The only thing that has been truly consistent about this from the very get, is inconsistency. It has been the issue from jumpstreet.
 
Craig Fales said:
I agree with this 110%....someone should get something legally in the works NOW...class action suit in....civil suits...maybe when court summons start appearing they'll get off their a$$es and pay up...people it seems to me have taken to being sheep when they get screwed lately....remember there is strength in numbers....;)

Getting lawyers involved with debts that are only a month old is a great way to make lawyers rich. If a lawsuit is viable now it will be just as viable after three to six months.
 
Hey Ironman, Maybe we should just ask Jay if he ever hustled someone.

Anyway, Pete Rose liked being called "Charlie Hustle". He took it as a compliment.

When a player, say like Danny Harriman, walks into a poolhall and tells the deskman that he plays pretty good and is looking for a money game and they put up the best they have against him and Danny wins, that is not a hustle. All it is is a contest where the best man wins.

Anyway, I believe that Jay in a previous post was telling us how hustlers would come into his room and he would play them and beat them. He said he hustled the hustlers, but I really don't consider that hustling.

The story goes that TK lost $7K one night and then he quit gambling and found Jesus. Was he hustled? How in the hell can a pro ever get hustled? He just played against a better player, wouldn't admit it, and didn't know when to quit.

Maybe the players elsewhere in the Country either have more money than they can handle or else they are just dumb to lose a lot of money to a stranger. Around here it would be pretty tough to find someone to keep playing after he loses $100 - $200. Yet, they will put up much more in a poker game.

Jake
 
jjinfla said:
Hey Ironman, Maybe we should just ask Jay if he ever hustled someone.

Anyway, Pete Rose liked being called "Charlie Hustle". He took it as a compliment.

When a player, say like Danny Harriman, walks into a poolhall and tells the deskman that he plays pretty good and is looking for a money game and they put up the best they have against him and Danny wins, that is not a hustle. All it is is a contest where the best man wins.

Anyway, I believe that Jay in a previous post was telling us how hustlers would come into his room and he would play them and beat them. He said he hustled the hustlers, but I really don't consider that hustling.

The story goes that TK lost $7K one night and then he quit gambling and found Jesus. Was he hustled? How in the hell can a pro ever get hustled? He just played against a better player, wouldn't admit it, and didn't know when to quit.

Maybe the players elsewhere in the Country either have more money than they can handle or else they are just dumb to lose a lot of money to a stranger. Around here it would be pretty tough to find someone to keep playing after he loses $100 - $200. Yet, they will put up much more in a poker game.

Jake
Hustling to me has been a loose overly exaggerated trem for many many years. To me, Puckett, Pot &Pans, guys like that were Hustlers.

I guess everyone finds Jesus in different ways. As for myself, I never got beat and found Jesus, but I have been stuck many times and was looking mighty hard.
 
Misc ....

You know that when Lawyers get involved, they get 30-40% of the settlement or lawsuit amount? don't you?

As far as hustling - it only involves a lack of education, between how good you 'think' a player is, and how good he 'knows' he is. If you can not tell how good he is, it damn sure isn't his fault, it is yours. Especially,
if you jump into a money match with him.

Yes, Hustler's often try to disguise how good they are, and sometimes, they even run into local boys that play better. You think if you were to play Michael Jordan a little 1-on-1 to 20, he is going to spot you 18 right off, or do you think his spot might be lower even though he probably could spot you 18.

Stop blaming Hustlers for all of YOUR MISTAKES. If you don't know exactly what you are doing, stay with the little dogs, and quit whining.
It is called taking responsibility for your own decisions and mistakes, and if you aren't smart enough to tell the difference, you haven't put in enough effort to learn.

All I want is an even game .... I hear that so often... If you don't like the game, don't play, simple as that. And the better player is NOT OBLIGATED to spot you the nuts because that is a pretty stupid thing to do. If you want the orange crush, then put the 1,000+ up a set to get it.
 
jjinfla said:
Hey Ironman, Maybe we should just ask Jay if he ever hustled someone.

Anyway, Pete Rose liked being called "Charlie Hustle". He took it as a compliment.

When a player, say like Danny Harriman, walks into a poolhall and tells the deskman that he plays pretty good and is looking for a money game and they put up the best they have against him and Danny wins, that is not a hustle. All it is is a contest where the best man wins.

Anyway, I believe that Jay in a previous post was telling us how hustlers would come into his room and he would play them and beat them. He said he hustled the hustlers, but I really don't consider that hustling.

The story goes that TK lost $7K one night and then he quit gambling and found Jesus. Was he hustled? How in the hell can a pro ever get hustled? He just played against a better player, wouldn't admit it, and didn't know when to quit.

Maybe the players elsewhere in the Country either have more money than they can handle or else they are just dumb to lose a lot of money to a stranger. Around here it would be pretty tough to find someone to keep playing after he loses $100 - $200. Yet, they will put up much more in a poker game.

Jake

Glad you asked Jake.

Like Danny, I had a rather exotic M.O. I would drive into town, find a phone booth, and tear out the page with the billiard room listings. I would usually go to the one with the biggest Ad first. I would walk up to the counter and tell the counter man I was looking for a game. Most often they would ask me how I played. I usually said I play all right or okay.

More often than not, within minutes I would be in a game. Almost invariably, I would be in action against the best player in the room on my first night there. And that's the way I liked it. No hustle, no shit, just get up and play. No one could call me a hustler (although I often heard these words) and could say they got hustled.

Even in the 60's and 70's, the game of choice usually was 9-Ball, with One Pocket second. Occasionally I would be in a joint where someone wanted to play Billiards, Snooker, or Straight Pool (New York). And I would usually try them out anyway, and more often than not, I got there eventually. But 90% or more of my action was 9-Ball or One Hole. Although Banks has always been popular in the South.

The funny thing is, that after you play in one Poolroom in a strange town, someone in there wants to take you somewhere else, or tells you where you can get another game. They usually just want to watch. Although if I made a score, I would throw the guy 10%.

I learned early on that if I tried to lay down, I would usually get myself out of stroke. So I always played to win, even if it was $5 9-Ball. Sometimes the game escalated and I made money (remember a good score was two or three hundred back then) and sometimes I didn't and had to go on to another town. Usually I could make $40 or $50 bucks a day just scufflin' around. And in the 60's you could live okay on $20 a day.

I did this for about five years until I got burned out from running around. I had almost fifteen grand and had met a cute girl in Bakersfield, CA. My first girlfriend in years. So I ended up buying a poolroom there in 1971 and settling down. I let them come to me. And they did!

So does this make me a "Pool Hustler"? I think not. I prefer to say that I was a Pool Player. I could play a little back then too. Of course I was in action every day. Nowadays I may pick up a cue once a month if that. So I became a sucker. lol
 
jay helfert said:
Glad you asked Jake.

Like Danny, I had a rather exotic M.O. I would drive into town, find a phone booth, and tear out the page with the billiard room listings.

Man, I HATE when people do that. No wonder there wasn't any billiard parlors listed in the phone books when I got to town.

:D

Cheers,
RC
 
sixpack said:
Man, I HATE when people do that. No wonder there wasn't any billiard parlors listed in the phone books when I got to town.

:D

Cheers,
RC

That was a bad habit.
 
Keith Buck said:
Getting lawyers involved with debts that are only a month old is a great way to make lawyers rich. If a lawsuit is viable now it will be just as viable after three to six months.
Probably....but some consultations are definately in order....
________
 
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quote "It can't be worth $150m then.

In other words, its worth nothing and never will be."


$150m isnt big money for a busy billionaire with a chance to pickup world rights on pool where the prototype is established and functional and it has been functional. In the longterm its worth much more than that.
Theres a lot of face in that.
One thing Ive noticed through dealings with chinese business is that nothing seems to be happening and then everything happens at once.
Just when youve given up, its on. :cool:
 
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