My predictions for the IPT

rackmsuckr

rackmsuckr

Linda Carter - The QUEEN!
Silver Member
I know my one small voice here is maybe the only voice sticking up for the IPT these days. (Bert+Ernie) Bernie has mutinied and there is a loud crowd yelling about all the injustices, while there is a silent faction that is still holding out hope, i.e., the rest of the players.

Dreamer, delusional, stupid, whatever you want to call me, there are only 2 negative facts about the IPT...there were definite communication and cash flow problems. Every negative thing about the IPT since Reno has hinged on that...cancellations/postponements, nonpayment, and the dreadful communication to the players.

Because of the inability to pay in a timely manner, the IPT has taken much deserved criticism. I am not denying that the criticism is certainly deserved. And the way that the whole issue was addressed to the players was terrible. The IPT needs to wake up and see that we can take disappointment and just to tell us the truth, not string us along.

But what would it take to make it right again? And no more KT bashing...let's assume he realistically stays at the helm and is able to get funding and pay the players and carry on for next season. In other words, status quo before the non-payment issue hit.

Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.

And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?

Well, it's me against the masses and most of you will say I am just as delusional as Bernie, lol, but I ask you not to make this personal. I know what everyone's feelings on the IPT are, TRUST ME!

I am just setting up a hypothetical scenario, which could well pan out to be true. What would you think then? I know that from here on out, the IPT would need to bend over backwards to make things right again, and go twice as far to gain our trust again, if ever.

PS - I will eat as much crow as you give me. Tastes like chicken, doesn't it? :p
 
Well the only thing that would be better than that would be if KT handed over the reins to someone with a bit more credibilty and they switched to 9 ball.

Realistically however, KT has shown that he isnt willing to fund the IPT from his own pocket so i just dont know where the money would come from to accomplish your scenario.
 
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nice thoughts

There are things that are not being addressed with the IPT right now that are being kept hush hush. THat would have to be addressed. One is Deno would have to go.......any questions on that check the police department in reno from a recent complaint filied there druing the last tournament. KT would have to walk away......he has lied to much......They would need to make sure they are able to be traced as a company...........They would need to do things that are responsible like official statements on a regular basis.......have the guarantee of payment......such as escro funds.........there need to be official apologies put out.........They need to make sure that from this point forward any problems in the operation needs to be addressed immediatly.......all of these will never be met. IF they are then they will be an awesome tour.
 
rackmsuckr said:
I know my one small voice here is maybe the only voice sticking up for the IPT these days. (Bert+Ernie) Bernie has mutinied and there is a loud crowd yelling about all the injustices, while there is a silent faction that is still holding out hope, i.e., the rest of the players.

Dreamer, delusional, stupid, whatever you want to call me, there are only 2 negative facts about the IPT...there were definite communication and cash flow problems. Every negative thing about the IPT since Reno has hinged on that...cancellations/postponements, nonpayment, and the dreadful communication to the players.

Because of the inability to pay in a timely manner, the IPT has taken much deserved criticism. I am not denying that the criticism is certainly deserved. And the way that the whole issue was addressed to the players was terrible. The IPT needs to wake up and see that we can take disappointment and just to tell us the truth, not string us along.

But what would it take to make it right again? And no more KT bashing...let's assume he realistically stays at the helm and is able to get funding and pay the players and carry on for next season. In other words, status quo before the non-payment issue hit.

Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.

And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?

Well, it's me against the masses and most of you will say I am just as delusional as Bernie, lol, but I ask you not to make this personal. I know what everyone's feelings on the IPT are, TRUST ME!

I am just setting up a hypothetical scenario, which could well pan out to be true. What would you think then? I know that from here on out, the IPT would need to bend over backwards to make things right again, and go twice as far to gain our trust again, if ever.

PS - I will eat as much crow as you give me. Tastes like chicken, doesn't it? :p
Click to expand...


The IPT was not supposed to have to worry about cash flow problems it was said to be fully funded from the start, in fact for full two years. As it turned out it was closer to two tournaments. It was predicated from the start on a lie. Nothing you have said can happen without any money and KT I am sure is about broke. There is no way if he gets his hands on some money he will put it in to that turkey which is a guaranteed loser.

He will invest it in his new book project, he doesn't care about the IPT anymore. It's a dead deal and he wants to get out as cheap as he can. He probably feels he may be able to make some money with the tapes he has and recover some of the investment over time but he is defiantly out of here as far as the IPT goes. You know, I have been writing about this for a while and if you read back through my postings you will find I have been right on the money most every time.

Even when I said KT had no money to fund the tour way back when you guys were falling all over him thinking he was some kind of billionaire. I also never made any posts where I didn't explain why I was saying what I was saying. My post were based on research, some I had to pay for, not wishful thinking or guessing. I don't know if you are going to get any of the money owed but the IPT is over.
 
I'm all for the IPT surviving!

An IPO would be awesome, but probably not realistic at this point in time. While the TV coverage and ratings have proven that pool can be a viable money making entity, KTs reach exceeded his grasp. He probably thought he'd have a big and quick success, but delivering on this level proved daunting.

Scaling back the payouts and increasing the number and variety of revenue generating products is a necessary first step. The IPT subscription website will be a money maker, once all the conrtoversy and skepticism dies down.

I for one enjoy watching IPT matches and would like them to continue.
 
rackmsuckr said:
I know my one small voice here is maybe the only voice sticking up for the IPT these days. (Bert+Ernie) Bernie has mutinied and there is a loud crowd yelling about all the injustices, while there is a silent faction that is still holding out hope, i.e., the rest of the players.

Dreamer, delusional, stupid, whatever you want to call me, there are only 2 negative facts about the IPT...there were definite communication and cash flow problems. Every negative thing about the IPT since Reno has hinged on that...cancellations/postponements, nonpayment, and the dreadful communication to the players.

Because of the inability to pay in a timely manner, the IPT has taken much deserved criticism. I am not denying that the criticism is certainly deserved. And the way that the whole issue was addressed to the players was terrible. The IPT needs to wake up and see that we can take disappointment and just to tell us the truth, not string us along.

But what would it take to make it right again? And no more KT bashing...let's assume he realistically stays at the helm and is able to get funding and pay the players and carry on for next season. In other words, status quo before the non-payment issue hit.

Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.

And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?

Well, it's me against the masses and most of you will say I am just as delusional as Bernie, lol, but I ask you not to make this personal. I know what everyone's feelings on the IPT are, TRUST ME!

I am just setting up a hypothetical scenario, which could well pan out to be true. What would you think then? I know that from here on out, the IPT would need to bend over backwards to make things right again, and go twice as far to gain our trust again, if ever.

PS - I will eat as much crow as you give me. Tastes like chicken, doesn't it? :p
Click to expand...

I'll share that crow with you. I've been with ya all the way.So now we are two lil voices,tomorrow maybe we will be three. i wont give up on the IPT this early. and like you will continue to have Hope and Faith for the success of the IPT.
 
rackmsuckr said:
I know my one small voice here is maybe the only voice sticking up for the IPT these days. (Bert+Ernie) Bernie has mutinied and there is a loud crowd yelling about all the injustices, while there is a silent faction that is still holding out hope, i.e., the rest of the players.

Dreamer, delusional, stupid, whatever you want to call me, there are only 2 negative facts about the IPT...there were definite communication and cash flow problems. Every negative thing about the IPT since Reno has hinged on that...cancellations/postponements, nonpayment, and the dreadful communication to the players.

Because of the inability to pay in a timely manner, the IPT has taken much deserved criticism. I am not denying that the criticism is certainly deserved. And the way that the whole issue was addressed to the players was terrible. The IPT needs to wake up and see that we can take disappointment and just to tell us the truth, not string us along.

But what would it take to make it right again? And no more KT bashing...let's assume he realistically stays at the helm and is able to get funding and pay the players and carry on for next season. In other words, status quo before the non-payment issue hit.

Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.

And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?

Well, it's me against the masses and most of you will say I am just as delusional as Bernie, lol, but I ask you not to make this personal. I know what everyone's feelings on the IPT are, TRUST ME!

I am just setting up a hypothetical scenario, which could well pan out to be true. What would you think then? I know that from here on out, the IPT would need to bend over backwards to make things right again, and go twice as far to gain our trust again, if ever.

PS - I will eat as much crow as you give me. Tastes like chicken, doesn't it? :p
Click to expand...

IMO even the most vocal nay-sayers WANT what you've outlined above to become reality. :)
 
macguy said:
The IPT was not supposed to have to worry about cash flow problems it was said to be fully funded from the start, in fact for full two years. As it turned out it was closer to two tournaments. It was predicated from the start on a lie. Nothing you have said can happen without any money and KT I am sure is about broke. There is no way if he gets his hands on some money he will put it in to that turkey which is a guaranteed loser.

He will invest it in his new book project, he doesn't care about the IPT anymore. It's a dead deal and he wants to get out as cheap as he can. He probably feels he may be able to make some money with the tapes he has and recover some of the investment over time but he is defiantly out of here as far as the IPT goes. You know, I have been writing about this for a while and if you read back through my postings you will find I have been right on the money most every time.

Even when I said KT had no money to fund the tour way back when you guys were falling all over him thinking he was some kind of billionaire. I also never made any posts where I didn't explain why I was saying what I was saying. My post were based on research, some I had to pay for, not wishful thinking or guessing. I don't know if you are going to get any of the money owed but the IPT is over.
Click to expand...

Macguy, it took you a whole 37 minutes to respond to knock Linda's optimistic post. What's going on? You're slowing down man! Maybe a part of you feels like this tour's gonna make it! Perhaps positive energy is growing in you like a virus, slowly, slowly. :D
 
oooohhhh Linda, I hope youre right :confused:

Take you're pick...
 

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Wow, Linda, my heart goes out to you.
Dreams die hard, don't they?

the "only 2 negative facts", unfortunately, are the 2 most important aspects of business. A business just can not and will not survive without them. Especially the money thing - kinda puts the grease on the wheels, ya know?

"Status quo before the non-payment"? It was not a flawed business model, it was a doomed business model. Revenues could never meet or exceed expenses.

"pay in a timely manner"? Well, 50 days and counting. 'nuff said

The talk abut an IPO must be put in perspective. The IPT can not go public. Dreams, smoke & mirrors don't have IPOs. Ho Interactive was, according to ONE MAN (KT), supposed to have an IPO, following the acquisition of the IPT and the restructuring of other Ho Media holdings.

Ho Interactive was going to be the online gambling portion of the Stanley Ho empire. By acquiring the IPT, Ho Interactive would have provided the means to wager on IPT events - along with all other online gambling provided by Ho. Online gambling is very profitable, so Ho Interactive could have theoritically gone public. But you DON'T GO PUBLIC 2 WEEKS OR 2 MONTHS AFTER FORMING A NEW COMPANY!

So, the "IPO" could never have made up for insufficient funding for Reno or Chicago, or other 2006 events (including operating capital).

As of today, "Ho Interactive" does not exist. It resides next to the Reno checks - in only exists within KT's announcements.

Ho Interactive was not being formed for the purpose of buying the IPT. It was - OR IS - being formed to provide the structure for an online SPORTS BOOK, of which IPT betting could take place in addition to all other Sporting Events.

In the US, that very structure is illegal. Can you imagine if Harrahs/MGM owned the Dallas Cowboys and the Chicago Bulls? Or more specifically, Harrahs/MGM formed a seperate company ("MGM Interactive") to allow/facilitate the online gambling on their own corporate owned sports franchises? One phone call to the sideline and Ooopps! Fumble! $50 million on the under, so don't dare score any more.

That is a very attractive business model, which unfortunately just can't be formed in the US. But the IPT was going to be a VERY SMALL portion of Ho Interactive.

IT IS POSSIBLE that Stanley Ho is still buying the IPT, for the sole purpose of having the worlds best players under one umbrella and providing the mechanism for <all Non-US Countries> to bet on them.

And this purchase MIGHT BE enough to pay off Reno. So Ho would be buying a $3MM ++ debt, some chalk and Sardo racks that have IPT on them, and a whole bunch of pissed off players.

But as has been asked before - why? He could easily form his very own Pool Tour, without the baggage and negative social capital that the IPT has.

And BTW, "Kevin at the helm" is the kiss of death for the IPT. When a Micro-Cap company has an IPO, Investors base their participation as much on the HISTORY, TRACK RECORD AND PEDIGREE of the Founders/Exec Team, as they do the business model itself.

Don't get me wrong - I hope the IPT continues in some form. Really I do. But it won't be "status quo", and it won't survive by hocking DVDs, Chalk, Memberships and selling Qualifiers.
-von
 
rackmsuckr said:
And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?
Click to expand...

I really do hope things work out for the IPT. However, I don't think an IPO would bring in a bunch of money. Realistically, the IPT has no value, possibly a negative value. Between that and KTs reputation, no way would an IPO work.

If the IPT is to survive I think:
1. It must be scaled back, prize money, number of events, and length of events.

2. KT must learn he is not going to "own pool" and drop the attitude. If pool was worth owning, somebody would have already beat him to it. I think his superior attitude is what lead to the communication problems.
 
You are not alone, Linda. There are many of us - IPT members and non-members alike who want - more than anything - to see this succeed. I was a very strong supporter of the IPT for the first month after Reno and have only recently begun to be really worried. We are scared about our Reno payments, sure.... but mostly because we are scared that this opportunity is gone.

I remember my conversation with Ernesto and how proud he was of Oscar and how excited he was about the chance for both of them to compete at this level with this type of tour in place. The sparkle in his eyes said it all. It is a dream that all of us have had - Keith, Matlock, Hillbilly, Allen, Sammy, Johnny - you name them, they were all excited about fulfilling their dreams.

Now, everyone is mad, dejected, broken-spirited and divided (oh, and broke). Things seem to have fallen apart. I (let me assume we...) WANT TO PLAY POOL! All it would take to reunite "most" of the players is to get the "shi*" straight! I don't care whether it is this week, next or next year - just get it straightened out. Don't give the players false hope - don't dangle them along - just come out and say "here's the deal, folks" and I think most can deal with that. If the tour is going to succeed there needs to be some straight talk. Getting paid - when? Chicago on -Is it? 2007 tour starting in June - is it? Need help with something - ASK!! All we want is something to hinge it on and I don't mean a weekly announcement saying "wait til next week". Let us have some "time off" from the drama and let this thing settle down.

If it is over, just tell us and we'll get by - by the drama is killing us!!! But most of us are hoping that it's not over.....

Tammie Jones
 
goget'um said:
There are things that are not being addressed with the IPT right now that are being kept hush hush. THat would have to be addressed. One is Deno would have to go.......any questions on that check the police department in reno from a recent complaint filied there druing the last tournament. KT would have to walk away......he has lied to much......They would need to make sure they are able to be traced as a company...........They would need to do things that are responsible like official statements on a regular basis.......have the guarantee of payment......such as escro funds.........there need to be official apologies put out.........They need to make sure that from this point forward any problems in the operation needs to be addressed immediatly.......all of these will never be met. IF they are then they will be an awesome tour.
Click to expand...

Is this going to get deleted too?
 
rackmsuckr said:
Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.
Click to expand...

Linda, I do believe myself (atleast hope so much) that the IPT will continue the coming years, in some kind of form.

I think that the IPT have realized that it's to expensive to run it as they do, and they are now working with a new way to run it for the coming years. However, they will have major problems convincing poolplayers who have qualified for the Tour Card Qualifier that the 2007-season maybe won't be worth 100 000 $ after all.

But, if they for example says to the players that it's worth 30 000 $ or nothing, I bet that 100 % of the players will forgive it and says that it's better with the IPT in some kind of form, or not at all.

However, there is 2 important things that needs to be done:

1. RENO must be paid
2. HO Interactive must officially confirm a deal with the IPT

When these 2 are ok I will once again start to encourage people to participate in qualifiers. Till then I consider myself not a naysayer or a dreamer, but a sceptical who really wants the IPT to continue and succeed....

And, as I have told Deno, if they put up the match Jasmin Ouschan - Earl Strickland on demand I will sign up for the IPT Membership Club once again ;)
 
I'm willing to give you benefit of the doubt...

rackmsuckr said:
I know my one small voice here is maybe the only voice sticking up for the IPT these days. (Bert+Ernie) Bernie has mutinied and there is a loud crowd yelling about all the injustices, while there is a silent faction that is still holding out hope, i.e., the rest of the players.

Dreamer, delusional, stupid, whatever you want to call me, there are only 2 negative facts about the IPT...there were definite communication and cash flow problems. Every negative thing about the IPT since Reno has hinged on that...cancellations/postponements, nonpayment, and the dreadful communication to the players.

Because of the inability to pay in a timely manner, the IPT has taken much deserved criticism. I am not denying that the criticism is certainly deserved. And the way that the whole issue was addressed to the players was terrible. The IPT needs to wake up and see that we can take disappointment and just to tell us the truth, not string us along.

But what would it take to make it right again? And no more KT bashing...let's assume he realistically stays at the helm and is able to get funding and pay the players and carry on for next season. In other words, status quo before the non-payment issue hit.

Here is what I predict for the future of the IPT:

1. We will start getting FULL payments starting this week.
2. The Chicago event (The Masters) will be rescheduled at some other time, possibly early next year, but not to conflict with Windy City or Derby City.
3. The Qualifier will be held at the end of the Master's tournament, as suggested on another thread.
4. The KOH will be held shortly after that.
5. A method of payment (after every round?) will be instituted that guarantees timely payment.
6. Bernie has disqualified himself as an IPT member and will be paid for past performance in Reno but will not be invited back for the Masters.
7. More unprecedented pool coverage on TV and over the internet.
8. Possibly a scaled-down 2007/2008 tour with more realistic goals/funding.

And what about IF there really is an IPO that comes out of this early next year that brings in a huge influx of money?

Well, it's me against the masses and most of you will say I am just as delusional as Bernie, lol, but I ask you not to make this personal. I know what everyone's feelings on the IPT are, TRUST ME!

I am just setting up a hypothetical scenario, which could well pan out to be true. What would you think then? I know that from here on out, the IPT would need to bend over backwards to make things right again, and go twice as far to gain our trust again, if ever.

PS - I will eat as much crow as you give me. Tastes like chicken, doesn't it? :p
Click to expand...

Linda, I'm willing to give you the benefit of the doubt. I have previously stated that the IPT would not carry over into 2007. That means that in my book, they (KT and Deno) would have until December 31, 2006, to straighten things out (although I sincerely doubt it).

More than 50 days have passed by since Reno, and the December 31st date-time would give them an additional 61 days. Over 100 days to pay and recover from this fiasco; that's pretty condescending on my part.

Why? Because I want to players to get paid. That is the only reason.

Now all we got to do is wait, right?

In the meantime, I'll refrain from any more "I told you so posts" until December 31st.
 
Good---"I told you so's" serve no purpose and most of us get more than our fair share closer to home...
 
Roy Steffensen said:
And, as I have told Deno, if they put up the match Jasmin Ouschan - Earl Strickland on demand I will sign up for the IPT Membership Club once again ;)
Click to expand...

Umm.. you might want to do research on the dangers of giving your credit card # to any organization/website related to Kevin Trudeau. He has went to prison for credit card fraud, and there are many outstanding recent claims of NaturalCures.com continuing to charge people's credit cards a year after they cancelled a membership.

Personally, I am not going to sign back up for streaming matches until Kevin Trudeau cuts all ties with the IPT, and I verify with Mr. Webb that he has nothing to do with credit card transactions with the IPT.

I dread to think of what Kevin could have in store for the credit cards of the qualifiers. I could see him "accidentally" charging another $2,000.00 while "attempting" to refund their entry fees.

Russ
 
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