Message from Mark Trainer

C

centered5050

Registered
I am posting this because Mark Trainer asked me to and that is all.

Michael Zimmerman

Message from:

Mark D. Trainer

President: Professional Pool Players LTD.

I wrote a message, then K.T. came out with his letter and it basically said some of the same things that I was going to write, I didn’t want to sound redundant. However I am totally convinced that if K.T. does the IPO that will give the players another chance to have pool crossover into the mainstream. If the IPO fails and K.T. does not think of anything else, which he is fully capable of doing than I would fear that pool will not get another chance to crossover like this for perhaps a decade or probably even longer.

Well I have big money invested in my players and yes the risk showed up well before I thought it might. (Believe Real Estate is a much safer investment than trying to get a sport like pool off the ground) you can believe that there will be a lot of pain and men will need courage and character to achieve this goal it will not be easy at least it hasn’t in its long history. If the IPT died now it would have been worth it for the chance and the excitement. And even with the Investment that I have already made, several hundred thousand. (None went to the IPT or K.T. of course except maybe 60,000.00 in qualifiers, but the players were motivated along with most Billiards room owners, and it was Professionally Run, and it was worth it to see that in Pool, all the rest of the investment went to the Players.

And as you well know, I cut the players a great deal. Compared to the original (Cut the percentages big time) in Reno on the Eve of the Tournament (World Open) and everyone was happy and motivated. My Players are very dear to me, and I have drawn closer to them especially thru this Bump in the road.

If K.T. offered me an opportunity to buy shares in this IPO I would do it for the better of the sport and the players. Don’t forget once the company goes public the players will have more Federal protection coupled with the securities exchange commission, than they ever had before.

I just pray that Kevin does not lose heart because of the bad press he received and the multi millions that he personally lost up to this point. After the Reno prize money is paid I would bet after an audit I would not be surprised if KT lost 6 to 8 million with this venture before Reno I would say it would be around 3 million less.

Well let’s hope and pray for K.T. and his IPT, because it looks like the sharp money is still in real estate. But for the risk there is a deserved reward, And I do not think anyone else with enough moxy will step up to the plate for pool especially if the K.T’s I.P.T. fails.

Sincerely yours

Mark D. Trainer

President Professional Pool Players Ltd.

P.S. I did sign Athletes First an A plus sports agency, Very Qualified; a lot of connections, well at least 85 pro N.F.L. players think so. This was for the players so that when and if, the sport crossed over into the mainstream the timing would be great for everyone involved
 
centered5050 said:
I am posting this because Mark Trainer asked me to and that is all.

Michael Zimmerman

Message from:

Mark D. Trainer

President: Professional Pool Players LTD.

I wrote a message, then K.T. came out with his letter and it basically said some of the same things that I was going to write, I didn’t want to sound redundant. However I am totally convinced that if K.T. does the IPO that will give the players another chance to have pool crossover into the mainstream. If the IPO fails and K.T. does not think of anything else, which he is fully capable of doing than I would fear that pool will not get another chance to crossover like this for perhaps a decade or probably even longer.

Well I have big money invested in my players and yes the risk showed up well before I thought it might. (Believe Real Estate is a much safer investment than trying to get a sport like pool off the ground) you can believe that there will be a lot of pain and men will need courage and character to achieve this goal it will not be easy at least it hasn’t in its long history. If the IPT died now it would have been worth it for the chance and the excitement. And even with the Investment that I have already made, several hundred thousand. (None went to the IPT or K.T. of course except maybe 60,000.00 in qualifiers, but the players were motivated along with most Billiards room owners, and it was Professionally Run, and it was worth it to see that in Pool, all the rest of the investment went to the Players.

And as you well know, I cut the players a great deal. Compared to the original (Cut the percentages big time) in Reno on the Eve of the Tournament (World Open) and everyone was happy and motivated. My Players are very dear to me, and I have drawn closer to them especially thru this Bump in the road.

If K.T. offered me an opportunity to buy shares in this IPO I would do it for the better of the sport and the players. Don’t forget once the company goes public the players will have more Federal protection coupled with the securities exchange commission, than they ever had before.

I just pray that Kevin does not lose heart because of the bad press he received and the multi millions that he personally lost up to this point. After the Reno prize money is paid I would bet after an audit I would not be surprised if KT lost 6 to 8 million with this venture before Reno I would say it would be around 3 million less.

Well let’s hope and pray for K.T. and his IPT, because it looks like the sharp money is still in real estate. But for the risk there is a deserved reward, And I do not think anyone else with enough moxy will step up to the plate for pool especially if the K.T’s I.P.T. fails.

Sincerely yours

Mark D. Trainer

President Professional Pool Players Ltd.

P.S. I did sign Athletes First an A plus sports agency, Very Qualified; a lot of connections, well at least 85 pro N.F.L. players think so. This was for the players so that when and if, the sport crossed over into the mainstream the timing would be great for everyone involved
Click to expand...
In order to have an IPO, do you not need to have something to sell? As far as the IPT is concerned, what does KT have of value to sell?
 
centered5050 said:
I just pray that Kevin does not lose heart because of the bad press he received
Already setting the stage to blame the forums for the demise due to mis-management and big ego's??
and the multi millions that he personally lost up to this point. After the Reno prize money is paid I would bet after an audit I would not be surprised if KT lost 6 to 8 million with this venture before Reno I would say it would be around 3 million less.
Click to expand...

NEWS FLASH!!!!!!

KT stated that he was going to fund the tour OUT OF POCKET FOR TWO YRS. From the begining people said his "business plan" wouldn't work. His rebuttal for that was to say that HE was going to put up HIS OWN MONEY FOR TWO YRS. (which he is backing out of doing)


LOL, nothing like watching a convict stand up and defend another convict in crooked matters. :rolleyes:
 
Last edited:
centered5050 said:
I am posting this because Mark Trainer asked me to and that is all.

Michael Zimmerman

Message from:

Mark D. Trainer

President: Professional Pool Players LTD.

I wrote a message, then K.T. came out with his letter and it basically said some of the same things that I was going to write, I didn’t want to sound redundant. However I am totally convinced that if K.T. does the IPO that will give the players another chance to have pool crossover into the mainstream. If the IPO fails and K.T. does not think of anything else, which he is fully capable of doing than I would fear that pool will not get another chance to crossover like this for perhaps a decade or probably even longer.

Well I have big money invested in my players and yes the risk showed up well before I thought it might. (Believe Real Estate is a much safer investment than trying to get a sport like pool off the ground) you can believe that there will be a lot of pain and men will need courage and character to achieve this goal it will not be easy at least it hasn’t in its long history. If the IPT died now it would have been worth it for the chance and the excitement. And even with the Investment that I have already made, several hundred thousand. (None went to the IPT or K.T. of course except maybe 60,000.00 in qualifiers, but the players were motivated along with most Billiards room owners, and it was Professionally Run, and it was worth it to see that in Pool, all the rest of the investment went to the Players.

And as you well know, I cut the players a great deal. Compared to the original (Cut the percentages big time) in Reno on the Eve of the Tournament (World Open) and everyone was happy and motivated. My Players are very dear to me, and I have drawn closer to them especially thru this Bump in the road.

If K.T. offered me an opportunity to buy shares in this IPO I would do it for the better of the sport and the players. Don’t forget once the company goes public the players will have more Federal protection coupled with the securities exchange commission, than they ever had before.

I just pray that Kevin does not lose heart because of the bad press he received and the multi millions that he personally lost up to this point. After the Reno prize money is paid I would bet after an audit I would not be surprised if KT lost 6 to 8 million with this venture before Reno I would say it would be around 3 million less.

Well let’s hope and pray for K.T. and his IPT, because it looks like the sharp money is still in real estate. But for the risk there is a deserved reward, And I do not think anyone else with enough moxy will step up to the plate for pool especially if the K.T’s I.P.T. fails.

Sincerely yours

Mark D. Trainer

President Professional Pool Players Ltd.

P.S. I did sign Athletes First an A plus sports agency, Very Qualified; a lot of connections, well at least 85 pro N.F.L. players think so. This was for the players so that when and if, the sport crossed over into the mainstream the timing would be great for everyone involved
Click to expand...


Am i wrong or did i read somewhere that the IPO was going to be done in Europe abd be on the European stock exchange.........mike
 
Timberly said:
NEWS FLASH!!!!!!

KT stated that he was going to fund the tour OUT OF POCKET FOR TWO YRS. From the begining people said his "business plan" wouldn't work. His rebuttal for that was to say that HE was going to put up HIS OWN MONEY FOR TWO YRS. (which he is backing out of doing)


LOL, nothing like watching a convict stand up and defend another convict in crooked matters. :rolleyes:
Click to expand...

Well, it is Friday and it is obvious you are preparing for a nice relaxing weekend. Nothing like a little stress free down time.
 
cueball1950 said:
Am i wrong or did i read somewhere that the IPO was going to be done in Europe abd be on the European stock exchange.........mike
Click to expand...

This is really so sad.

A couple months ago I kiddingly stated that I would like to see the IPT go public, in other words an IPO. That was when things were promising and everything looked good, but I was still joking.

Then Ho in China was talking about his casinos going public.

Now the IPT is going public.

Pure, unadulterated bunk. Unless they are talking about pink sheets.

Smart money in real estate? Not anymore.

Face facts. Democrats have complete control. Their first goal is to raise taxes. That will follow with interest rates going up. Then the economy will decline. That is fine with me. I have stop losses on my stocks. I will get out and transfer my money to straight interest bearing accounts where I fully expect the interest to pay 8% shortly. Many money markets are at 5%+ right now. I don't expect them to reach 17% like they did during the Carter years but that would be nice too.

I have been trying to dump my stocks but the darn things just keep going up.

Forget the IPT. For that matter forget pool.

Well maybe not all pool. We are having 6 Connelly Ultimate tables installed here today and the rest of my pool playing days will be right here in an air-conditioned smoke free room. The pros will be a thing of the past in my life.

Jake
 
Dear Mr. Trainer... First, I don't, of course, know you or the structure of your dealings with players except what I have read on this forum. Congratulations for that. However,


<<Don’t forget once the company goes public the players will have more Federal protection coupled with the securities exchange commission, than they ever had before. >>

The SEC does not in any way rule, pass judgment or endorse the viability or integrity of any public offering and it is against the law for any securities issuer to infer that it does.

Assuming that there is a Ho deal then the SEC won't be involved in any event.

If there is no Ho deal, one would wonder why...and whether, in spite of the fact that Ho doesn't want to play...how an IPO to the general public based entirely on the IPT would be received. But of course, that is all pure speculation.

I just wanted to point out that there will be no meaningful protection for the players assuming SEC involvement. It only seeks to prevent obvious fraud and other violations in connection with the documentation of IPO and then punishes wrongdoers relative to securities law violations...after the fact.

Jim
 
jjinfla said:
This is really so sad.

A couple months ago I kiddingly stated that I would like to see the IPT go public, in other words an IPO. That was when things were promising and everything looked good, but I was still joking.

Then Ho in China was talking about his casinos going public.

Now the IPT is going public.

Pure, unadulterated bunk. Unless they are talking about pink sheets.

Smart money in real estate? Not anymore.

Face facts. Democrats have complete control. Their first goal is to raise taxes. That will follow with interest rates going up. Then the economy will decline. That is fine with me. I have stop losses on my stocks. I will get out and transfer my money to straight interest bearing accounts where I fully expect the interest to pay 8% shortly. Many money markets are at 5%+ right now. I don't expect them to reach 17% like they did during the Carter years but that would be nice too.

I have been trying to dump my stocks but the darn things just keep going up.

Forget the IPT. For that matter forget pool.

Well maybe not all pool. We are having 6 Connelly Ultimate tables installed here today and the rest of my pool playing days will be right here in an air-conditioned smoke free room. The pros will be a thing of the past in my life.

Jake
Click to expand...
WHO CARES. Johnnyt
 
<<Pure, unadulterated bunk. Unless they are talking about pink sheets.>>

And keep in mind that doing a "public offering" does NOT equate to raising any particularly large sum of money. MANY so-called "public offerings" raise TINY sums.

Jim
 
cueball1950 said:
Am i wrong or did i read somewhere that the IPO was going to be done in Europe abd be on the European stock exchange.........mike
Click to expand...


Mike,

As someone that is familiar with Securities/IPO's and such, let me just say that an "IPO", in the truest form, meaning that it will be listed on a major stock exchange, is NOT happening. I don't care that this "IPO" may be registered in Europe or the US. There are many things that have to happen and be in place before a company can do an IPO. Suffice to say that you can't just decide you wanna do it and then start selling shares to the general public. The IPT, as a company, doesn't have the balance sheet, investors, financial institutional backing or even a decent management team to even attempt it. What Institution is gonna underwrite it? What VC's have invested in it?

The mention of "IPO" is nothing more than another carrot being dangled to the long sufferring players (sit down Bernie :p ). Even if this shell of a company were to register and file for an IPO, it would take years for it to come to market, assuming anyone would buy shares. The only "IPO" that could happen is KT's personal "IPO" where you get shares issued by him, where he makes the market and the shares are valued by him. Kinda like playing Monopoly.

One thing is for sure, if there really is an upcoming "IPO", there should be some filings on it. Short of that, this is just a sucker's bet for those that don't know.


Eric
 
Eric. said:
... Suffice to say that you can't just decide you wanna do it and then start selling shares to the general public.
Click to expand...

sigh..... ah the good old days of the Vancouver Stock Exchange ;)

Dave, who doesn't think the IPT will float
 
Eric. said:
Mike,

As someone that is familiar with Securities/IPO's and such, let me just say that an "IPO", in the truest form, meaning that it will be listed on a major stock exchange, is NOT happening. I don't care that this "IPO" may be registered in Europe or the US. There are many things that have to happen and be in place before a company can do an IPO. Suffice to say that you can't just decide you wanna do it and then start selling shares to the general public. The IPT, as a company, doesn't have the balance sheet, investors, financial institutional backing or even a decent management team to even attempt it. What Institution is gonna underwrite it? What VC's have invested in it?

The mention of "IPO" is nothing more than another carrot being dangled to the long sufferring players (sit down Bernie :p ). Even if this shell of a company were to register and file for an IPO, it would take years for it to come to market, assuming anyone would buy shares. The only "IPO" that could happen is KT's personal "IPO" where you get shares issued by him, where he makes the market and the shares are valued by him. Kinda like playing Monopoly.

One thing is for sure, if there really is an upcoming "IPO", there should be some filings on it. Short of that, this is just a sucker's bet for those that don't know.


Eric
Click to expand...
The IPO idea is ridiculous and finally someone with securities experience has said it. Thank you, Eric.

And apart from the technicalities of IPO's, who is going to invest their money with Kevin Trudeau? The only way he could sell shares to the public is through an infomerical for late night viewers with Visa cards. But I don't think the SEC would permit that method of distribution.
 
Eric...Please know that I am "on your side" here. I just want to clear up a few points for the sake of the record. I was licensed in the U.S. securities industry for 0ver 30 years including as a Partner of a major firm so...

<<an "IPO", in the truest form, meaning that it will be listed on a major stock exchange, is NOT happening.>>

There is nothing about an IPO that confirms it will be listed on a major stock exchange or any stock exchange. Most large ones ARE but LOTS of "IPO"s are accomplished under numerous exemptions from registration and end up in the "UNDER the Counter" so-called Pink Sheets...which is not an "exchange."

<<The IPT, as a company, doesn't have the balance sheet, investors, financial institutional backing or even a decent management team to even attempt it. >>
Trust me...LOTS of companies with the same above characteristics have gone public...most notably in the "Dot.Com" craze...where one such company spent nearly all of its cash on a SINGLE Superbowl commercial...soon thereafter, it filed for bankruptcy!

<<Even if this shell of a company were to register and file for an IPO, it would take years for it to come to market, assuming anyone would buy shares. >>

The IPO process certainly CAN take that long must often does not.

But again, please know that I concur with the basic substance of your post.

Regards,
Jim
 
centered5050 said:
Message from:

Mark D. Trainer

President: Professional Pool Players LTD.

.......I just pray that Kevin does not lose heart because of the bad press he received and the multi millions that he personally lost up to this point.......

Sincerely yours

Mark D. Trainer
Click to expand...

Nice to see that Trainer shares KT's absurd sense of humor. The notion that KT may be gravely disheartened by the negative feedback is so funny I nearly fell off my chair writing this post. Doing time wasn't nearly enough to break the spirit of KT, an "energizer bunny of deceit." why would this?
 
av84fun said:
Eric...Please know that I am "on your side" here. I just want to clear up a few points for the sake of the record. I was licensed in the U.S. securities industry for 0ver 30 years including as a Partner of a major firm so...

Since you made it public, which firm were you partner in and what's your name?

<<an "IPO", in the truest form, meaning that it will be listed on a major stock exchange, is NOT happening.>>

There is nothing about an IPO that confirms it will be listed on a major stock exchange or any stock exchange. Most large ones ARE but LOTS of "IPO"s are accomplished under numerous exemptions from registration and end up in the "UNDER the Counter" so-called Pink Sheets...which is not an "exchange."
Ummm..the "pink sheets" are called OVER THE COUNTER (never UNDER), are you sure you know what you're saying? BTW, an IPO HAS to list on an Exchange, it CANNOT go directly to the OVER the counter market. *Edit-the only way a company can go "public" and trade on the Bulliten Board is a DPO, which is different than an IPO.

<<The IPT, as a company, doesn't have the balance sheet, investors, financial institutional backing or even a decent management team to even attempt it. >>
Trust me...LOTS of companies with the same above characteristics have gone public...most notably in the "Dot.Com" craze...where one such company spent nearly all of its cash on a SINGLE Superbowl commercial...soon thereafter, it filed for bankruptcy!

Lots of companies also had an, at the time, excellent marketable niche. The only reason that the Dot.com companies got away with it it that the Internet and it's "marketing power/value" was still a relative unknown and peopl were over estimating it's value. The key difference is that even the shaky dot.com companies had many levels of financing(bridge,mezzanine,etc) as well as strong VC and Angel funding. In otherwords, there were a lot of other people with their money in the pot too.

<<Even if this shell of a company were to register and file for an IPO, it would take years for it to come to market, assuming anyone would buy shares. >>

The IPO process certainly CAN take that long must often does not.

But again, please know that I concur with the basic substance of your post.

Regards,
Jim
Click to expand...

Jim,

I appreciate you trying to add your "expertise", but for someone that was in the Securities business for "30 years" you seem misinformed. You don't come across as an "expert" to someone in the know.


Eric
 
Last edited:
centered5050 said:
I am posting this because Mark Trainer asked me to and that is all.

Michael Zimmerman

Message from:

Mark D. Trainer

President: Professional Pool Players LTD.

I wrote a message, then K.T. came out with his letter and it basically said some of the same things that I was going to write, I didn’t want to sound redundant. However I am totally convinced that if K.T. does the IPO that will give the players another chance to have pool crossover into the mainstream. If the IPO fails and K.T. does not think of anything else, which he is fully capable of doing than I would fear that pool will not get another chance to crossover like this for perhaps a decade or probably even longer.

Well I have big money invested in my players and yes the risk showed up well before I thought it might. (Believe Real Estate is a much safer investment than trying to get a sport like pool off the ground) you can believe that there will be a lot of pain and men will need courage and character to achieve this goal it will not be easy at least it hasn’t in its long history. If the IPT died now it would have been worth it for the chance and the excitement. And even with the Investment that I have already made, several hundred thousand. (None went to the IPT or K.T. of course except maybe 60,000.00 in qualifiers, but the players were motivated along with most Billiards room owners, and it was Professionally Run, and it was worth it to see that in Pool, all the rest of the investment went to the Players.

And as you well know, I cut the players a great deal. Compared to the original (Cut the percentages big time) in Reno on the Eve of the Tournament (World Open) and everyone was happy and motivated. My Players are very dear to me, and I have drawn closer to them especially thru this Bump in the road.

If K.T. offered me an opportunity to buy shares in this IPO I would do it for the better of the sport and the players. Don’t forget once the company goes public the players will have more Federal protection coupled with the securities exchange commission, than they ever had before.

I just pray that Kevin does not lose heart because of the bad press he received and the multi millions that he personally lost up to this point. After the Reno prize money is paid I would bet after an audit I would not be surprised if KT lost 6 to 8 million with this venture before Reno I would say it would be around 3 million less.

Well let’s hope and pray for K.T. and his IPT, because it looks like the sharp money is still in real estate. But for the risk there is a deserved reward, And I do not think anyone else with enough moxy will step up to the plate for pool especially if the K.T’s I.P.T. fails.

Sincerely yours

Mark D. Trainer

President Professional Pool Players Ltd.

P.S. I did sign Athletes First an A plus sports agency, Very Qualified; a lot of connections, well at least 85 pro N.F.L. players think so. This was for the players so that when and if, the sport crossed over into the mainstream the timing would be great for everyone involved
Click to expand...


He keeps saying "Risk" what risk is he referring to? The risk that KT is taking, or the risk the players are taking that KT will ultimately screw them or run more tournaments without any money to pay off? What risk beyond their own ability to win in the tournaments are the players expected to be taking? I don't get it. All that is asked of the players is they show up at their own expense and put on a show, their not partners in the venture.

If it makes millions good for KT, if it is a bust, that the way it goes, but they get paid their same prize money either way. I didn't understand the point of the letter at all. If I start a business and make money great, If I go under I don't expect my employees to bail me out, they just get a last check and a thank you for their support and help in the failed venture.

I certainly don't expect them to pay off my debts for me.
I have to add this, the letter implies a failure of the IPT into the future will be somehow the fault of the players. How does he arrive at this?
 
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Eric...<<Since you made it public, which firm were you partner in?>>

Not gonna go there! (-:

<<Ummm..the "pink sheets" are called OVER THE COUNTER (never UNDER), are you sure you know what you're saying?>>

ummmm...yes I do know what I am saying...and you don't need to get snippy about it....when in fact, it is you whose knowledge is deficient.

The following is from the Securities Exchange Commission web site and I am fairly sure that IT knows what it is talking about.

As you will NOTE...ALL markets regulated by the NASD are referred to as OVER-THE-COUNTER.

When the NASDAQ Market was formed for the exchange of the larger companies traded OVER-THE-COUNTER, that market became generally referred to as the "NASDAQ" but STILL it is an OVER-THE-COUNTER market.

BTW the term OVER-THE-COUNTER was coined to describe a market that is unlike the NYSE "Central Marketplace" where the brokers meet on the floor of a central place (at least they used to) as opposed to a DEALER MARKET where transactions are effected by brokers not located in a central marketplace.

I used the term "UNDER the counter" jokingly...but as a term that has been used to refer to the Bulletin Board stocks which is the QUOTATION SYSTEM...NOT MARKETPLACE for the smallest and riskiest of the OVER-THE-COUNTER stocks....therefore, the quip..."UNDER-the-counter...AS ANYONE WITH MODEST KNOWLEDGE OF THIS INDUSTRY KNOWS FULL WELL....SIR!!!!!!

<<Lots of companies also had an, at the time, excellent marketable niche. The only reason that the Dot.com companies got away with it it that the Internet and it's "marketing power/value" was still a relative unknown and peopl were over estimating it's value. The key difference is that even the shaky dot.com companies had many levels of financing(bridge,mezzanine,etc) as well as strong VC and Angel funding. In otherwords, there were a lot of other people with their money in the pot too.>>

I agree with the substance of those remarks.

<<Jim,

I appreciate you trying to add your "expertise", but for someone that was in the Securities business for "30 years" you seem misinformed. You don't come across as an "expert" to someone in the know.>>

Actually, just the opposite. I would "come off" as being informed to someone "in the know" which happens to clearly include you.

Read on sir. And I will take particular pleasure in handing your head to you... again...if you presist in your insulting...and blatantly WRONG notions.

<<Over-the-Counter Markets
The National Association of Securities Dealers (NASD) was registered in 1938 as a national securities association under Section 15A of the Securities Exchange Act of 1934 and regulates broker-dealers that operate in the over-the-counter (OTC) market. Many equity securities, corporate bonds, government securities, and certain derivative products are traded in the OTC market. The OTC Bulletin Board and the Pink Sheets, for example, operate within the OTC market.

The OTC Bulletin Board (OTCBB) is an electronic inter-dealer quotation system that displays real-time quotes, last-sale prices, and volume information for many over-the-counter securities that are not listed on a national securities exchange. The NASD oversees the OTCBB.



http://www.sec.gov/divisions/marketreg/mrotc.shtml
 
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