Message from Mark Trainer

av84fun said:
Eric...<<Since you made it public, which firm were you partner in?>>

Not gonna go there! (-:

Don't bother going there, I don't believe your story anyway.

<<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.
<snip>


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!!!!!!

Coming up with some "in the know sayings" does not exactly make you an expert. BTW, for the sake of clarity, your point would be stronger if you put quotes in when making jokes...

<<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.
Of course you do but until I said that, your point was contradicting what I just said.

<<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.
IMO, you are NOT someone in the Securities business. At least not the way you portrayed.

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.

YOU handing my head to me?! Are you smoking crack or you just can't see reality? You try to jump in as an "expert" but in reality, got exposed as someone with trivial knowledge of the subject. Gimme a break.

<<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.


Nice blurb that you dug up from the "Net. And you point is??
http://www.sec.gov/divisions/marketreg/mrotc.shtml
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Again, Mr. "30 years in the Securities business", an IPO HAS to list on a moajor exchange. It CANNOT go directly to the Pinks. You do not know what you are talking about.


Eric
 
Just to add a little to the discussion:

The "pink sheets" and "bulletin board" stocks are considered in the same category of OTC, or, over the counter. They do not have to meet the many SEC and exchange requirements like disclosure or minimium market capitalization, in fact, they are not even required to file with the SEC. These stocks are subject to widespread price manipulation and are often fly-by-night companies.

The .com stock craze, which involved mostly internet and technology stocks, was centered in both, the OTC and the NASDAQ. The NASDAQ is a major, listed, exchange and stocks listed on it are subject to all SEC filing requirements, as well as additional NASDAQ restrictions.

I believe that KT has some history regarding a SEC security investigation involving stocks.

Jim
 
jimmyg said:
Just to add a little to the discussion:

The "pink sheets" and "bulletin board" stocks are considered in the same category of OTC, or, over the counter. They do not have to meet the many SEC and exchange requirements like disclosure or minimium market capitalization, in fact, they are not even required to file with the SEC. These stocks are subject to widespread price manipulation and are often fly-by-night companies.

The .com stock craze, which involved mostly internet and technology stocks, was centered in both, the OTC and the NASDAQ. The NASDAQ is a major, listed, exchange and stocks listed on it are subject to all SEC filing requirements, as well as additional NASDAQ restrictions.

I believe that KT has some history regarding a SEC security investigation involving stocks.

Jim
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No dispute there.

What kills me is AV84fun's "30 years in the business/30 minutes on the 'Net researching the business" disputing points I made which are Industry standardd and saying they're "wrong" :rolleyes:


Eric
 
I Got My Mind Right, Boss !!!!

I once dabbled in the pink sheets, but all my pink sheets turned brown and I sold them.
Doug
( now I only mess around on my wife's pink sheets )
 
Smorgass Bored said:
I once dabbled in the pink sheets, but all my pink sheets turned brown and I sold them.
Doug
( now I only mess around on my wife's pink sheets )
Click to expand...

Now how in the hell did she wake that horse?
 
centered5050 said:
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...

I've read this statement (plea) several times and, honestly, I can't find a single piece of substance to respond to, nothing.

Whenever I analyze information, the first question that I ask myself is "does the person giving me this information have a vested or biased interest in the outcome of the situation?" (salespeople), if the answer is a resounding "yes", I immediately discount the information and take very careful second and third looks at the information being given. A tremendous amount of weight is also factored in, based on the intergrity of the person disseminating the information.

I'll then look at the quality (factual basis) and original source of the actual information.

Looking at this statement by Mark Trainor, whom I have never met, I get a all ZEROs.

His letter is nothing more than a pathetic effort to save his own business. His intergrity has been thrown into serious question, according to everything that I've read about him. Few of his statements make any sense and show a lack of either knowledge, or honesty about any of the issues he discusses, including IPO's, KT's self respect, the IPT's cash outlays or it's chances of survival, and even the health of the collapsing real estate market.

To top it off, most of his information contained in Mr. Trainor's letter comes from KT, a known felon and pathological liar, and needs to be discounted even more so than anything coming directly from Mr. Trainor.

I don't think that anyone was fooled by the charade, Mark.
 
jimmyg said:
To top it off, most of his information contained in Mr. Trainor's letter comes from KT, a known felon and pathological liar, and needs to be discounted even more so than anything coming directly from Mr. Trainor.
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MT is also a convicted felon, which IMO discounts it even more. Like I said earlier... almost comical watching a convicted felon defend a convicted felon in a crooked matter. Yeah sure, I'm going to listen to both of them...:rolleyes:
 
Eric...<<Don't bother going there, I don't believe your story anyway.>>

OK...let's see what you are made of Bubba. Here's the deal..

1. We both "post" $10,000.00 to be held in trust by YOUR lawyer. I prove conclusively to YOUR lawyer that my professional background is as I described.
2. If he/she concurs...the money will be DONATED to the charity of our respective choice...so your lawyer will not be getting mixed up in a "wager."
3. His investigation and conclusions as to my backgroud...which will be reached in about 5 minutes...will be subject to a Confidentiality Agreement wherein he/she will not be permitted to disclose my identity to anyone...including you.
4. The party donating to the charity will also pay your lawyer's fee.
5. If your current income from your paper route is not quite sufficient to go the ten grand...then you name the sum.
6. The person making the donation will post a public apology in this thread.

Put up or shut up.

<<Coming up with some "in the know sayings" does not exactly make you an expert. BTW, for the sake of clarity, your point would be stronger if you put quotes in when making jokes...>>

Well my "in the know sayings" are a damn site better than your "out of the know sayings."

<<Of course you do but until I said that, your point was contradicting what I just said.>>

Wrong again. I said I agreed with the SUBSTANCE of your remarks...not in their entirety. A LOT...A BUNCH...A TON of IPO's got public without VC or institutional money.

<<IMO, you are NOT someone in the Securities business. At least not the way you portrayed.>>

See my "proposal above." Go ahead...be a MAN...make my day. And by the way, the charity that you will be donating to is the Magdeline Foundation which is arguably the finest organization serving to rehabilitate those poor souls who have fallen victim to engaging in prostitution and drug addiction. The results of their activities have been spectacular. Your "donation" will be greatly appreciated.

<<YOU handing my head to me?! >>

EXACTLY....re-read the above.

<<Nice blurb that you dug up from the "Net. And you point is??>>

My POINT is that you were ABSOLUTELY, ENTIRELY AND CATEGORALLY WRONG about your misguided, lame and bone-headed version of what constitutes the OVER-THE-COUNTER market. And that "nice blurb" was, if you can read...published by the Securities and Exchange Commission. Can you suggest another entity more authoritative than that regarding the issue in question?

But yes...you caught me...Yup...I did find the SEC article on the Internet. I know, I know...I should have written the SEC...posed my question and waited about a year and a half for a reply. But those of us with more advanced skills and knowledge of the securities markets than you obviously have, prefer to obtain our authorities slightly more efficiently than that.

Just a hint to you though. They have these new fangled things now called cell phones...so you don't have to wheel your beater pick-up truck into the 7-11 anymore to use their pay phones! Just wanted to give you a heads up on that.

I and the Madgeline Foundation will anxiously await your response.

Jim

PS: And by the way...why are you so pissy? We're essentially on the same side here. Go get laid bubba.

)-:
 
Eric...<<Again, Mr. "30 years in the Securities business", an IPO HAS to list on a moajor exchange. It CANNOT go directly to the Pinks. You do not know what you are talking about.>>

Oooops. Missed that POS.

YOU IDIOT!

Again ACCORDING TO THE SEC..

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

There are NUMEROUS methods of floating an initial public offering without EVER involving a major exchange.

WHY DO YOU THINK THE OTC BULLETIN BOARD EXISTS?????
 
JIMMYG...<<Just to add a little to the discussion:

The "pink sheets" and "bulletin board" stocks are considered in the same category of OTC, or, over the counter. They do not have to meet the many SEC and exchange requirements like disclosure or minimium market capitalization, in fact, they are not even required to file with the SEC. These stocks are subject to widespread price manipulation and are often fly-by-night companies.>>

Thanks Jim. Maybe Eric will take his vallium and check out some securities markets books from the library.

(-:
 
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
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Thanks for this info Eric (and Jim). Just looks like one more opportunity for KT to fleece the unwary. And I wouldn't put it past him.
 
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macguy said:
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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While the IPT may be a "risk" for KT, you can rest assured that his a$$ is covered. In the end, the loss will just be something else that's good for his bottom line. I feel sorry for the pool players. They are once again sheep being led by a crooked shepherd.
 
Eric....HELLOOOOOOOO!
I see that under your nickname you have the slogan..."can barely hold a cue." Too bad...especially since you can barely hold your own in a debate...but that is understandable since you are living proof that a little knowledge is dangerous.

Be a man. Bet me or apologize.
Jim
 
av84fun said:
Eric....HELLOOOOOOOO!
I see that under your nickname you have the slogan..."can barely hold a cue." Too bad...especially since you can barely hold your own in a debate...but that is understandable since you are living proof that a little knowledge is dangerous.

Be a man. Bet me or apologize.
Jim
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I don't have a clue as to who is right. I will though take a c-note on Jim, you just gotta love a guy who "calls em out".
 
Ironman...<<I will though take a c-note on Jim, you just gotta love a guy who "calls em out".>>

LOL...THANKS! His only hope now is to say..."Well, OK, he has the background he says he has but there are experienced people who are still idiots." ..which is correct, of course.

I just don't happen to be one of them. But Eric, feel free to copy/paste my suggestion for your best defense.....or....you can..............

BET ME!!

(=:
 
Stock Scams

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

Dave, who doesn't think the IPT will float
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Doesn't anyone remember those creepy Canadian kids who tried to start a Billiards TV channel and sell worthless stock during the Camel days? Russell Stuart, I think was the name of one. Their father was a stock scammer on the Vancouver market. Anyone else remember them?

It was--ironically--about the time that Boiler Room came out.
 
jjinfla said:
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.
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I hear that! If the economy slips back to where it was between '92 and '99, I friggin' quit! I might move to ... umm ... well hell. I don't know where I'll move. Australia?
 
They Sound Foreign To Me

Jimmy M. said:
I hear that! If the economy slips back to where it was between '92 and '99, I friggin' quit! I might move to ... umm ... well hell. I don't know where I'll move.
Australia?
Click to expand...



I don't think they speak English there......
Doug
 
Smorgass Bored said:
I don't think they speak English there......
Doug
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Crikey me old china plate! Fair dinkum ur a flamin' galah!:p
Open your four'n twenty pies and take a Captain Cook at what's really going on!
Colin
 
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