My take on the IPT

[wonderlan]

W-9 Form

All is not wonderful in IPT land!

They failed to pay me $5,500 owed for Cliff's magnifcent performance in Boston six weeks ago. I have heard one excuse after another for this non payment. Bottom line, no money!

As for the expanded Qualifier schedule, I view this as strictly a way to produce revenue for the IPT, a money stream if you will. It has worked fairly well so far, to the tune of 600K plus. With 100 more qualifiers on tap this year, they could easily pay for all the prize money to be paid (if it is paid).

I think KT and the IPT is in a cost cutting or cutting their losses mode right now. The whole TV deal may not be working and he needs to find ways to get a return on money spent. What better way than extracting all the money he can from the pool community.

I for one do not believe KT has quite the deep pockets he would lead you to believe. He may be wealthy, but not wealthy enough to throw good money after bad. He can afford to make a big splash and claim to be a billionaire. He is not the first one known to use such tactics.

I would not recommend to anyone (poolplayer or backer) to get involved with this new qualifier scheme. All this talk of how big the tour will be in 2007, and after, does not impress me. I want to see what happens this year first. One tournament with 43 players did not convince me, especially after they got over half the prize money back from the first five qualifiers.

KT has NO contract with anyone! He can pull the plug at anytime! There is NO guarantee of anything! If they are refusing to pay me a mere $5,500, what does that say about the present state of the IPT.

Yes, I am blowing the whistle on them. It's about time somebody did.

Jay,

Pretty strong resentment from someone who was asking to have a good word put in for employment as an IPT Event Planner. Jay did you not send in a job application & apply for the position of Event Planner? Were you not asked 3 times to come to Elk Grove for an interview (yearly salary well in excess of 100K you're own words)?

Instead of coming in for the interview you told me that you elected to wait for the IPT Qual to come to you at HardTimes (CA) to hopefully catch & speak with Kevin. You told me you spoke to Kevin about employment and Kevin asked you if you would be willing to relocate to Elk Grove ILL. You immediately answered with a no.

Ever since you have been ragging and ragging. Jay for someone who has the experience and knowledge that you have being involved with the planning and execution of some of the largest Pro Events I am shocked that you are now acting like a scorned child. Ever since you're poor showing of trying to secure a job as an IPT Event Planner (100,000 Plus) all you have been doing is knocking the IPT and crying..

Geez I would be crying too if I so easily blew a well in excess of 100K job planning pool tournaments around the world. What a great job that would have been.

Anyway bottom line.. The IPT is a legitimate corporation like any other corporation. Jay send in you're W-9 tax form and wait to get paid like any other legitimate corporation processes invoices & sends out checks (send in a W-9 form). What did you expect Jay. To walk up to the president of a corporation at some company event and on the spot with a hand shake get a job and then expect to make over 100K a year sitting in you're underwear at home in Southern Ca!!!! What did you expect to get handed 5000 in cash from a legitimate corp without a W-9.

Jay we just got an email.. the checks are being processed and going out.. Make sure you send in a W-9.

Jay you been around for a long time. Many of us know you for a long time. We go back 40yrs at the old 7/11 and Guys & Dolls in NYC, the old Four Seasons in Metuchen, NJ... Jay why are you being so down? You asked me to put a good word in for you. I did that for you.

mike

 

[macguy]

Hey Mac. Just to play devil's advocate, if it doesn't take that many books to make the Times list (and you are right, it doesn't), then what difference does it make that it's fallen off? Isn't that just a measure of sales in a book store? I can't imagine too many people who go to bookstores would buy this book - after the initial buzz, anyway.

The Times would have no way to measure volume via the infomercial, nor would they care if he (for some bizarre reason) provided it to them. Or am I wrong about that? I really don't know.

Anyway, I was just curious about the Times list. I agree about the sales and their probable trend downward. Books like this are fads, nothing more.

- Steve

I am not referring to the Times list. On the times list the book is still at number 5 but over all sales that are tracked against all book sales it is not in the top 150. It's interesting the book Inspirations by Wayne Dyer is number 2 on the Times list and Natural Cures is at number 5. Inspirations was at number 11 in overall sales and Naturel Cures was at 115 last week. This week Inspirations while still at number 2 on the Times list is at number 60 in overall sales and naturel cures off the top 150. What is interesting is that Wayne Dyer had been doing those PBS fund raisers the last few weeks and that was all it took for his book to shoot up, but now that they are over it is already falling in overall sales. It seems once they stop whipping the book, sales immediately drop off.

When Natural cures was at it's peak you could not turn on the TV late at night and not see KT's ad's, they ran continually on channels all over the dial, now you can't find an ad. They reached the point of diminishing returns and probably at a point were spending more advertising the book then it was making. The problem is it becomes a self fulfilling prophecy. Sales drop, you cut advertising to cut expenses and sales drop even more till it spins down to zero and the whole thing is over. From the very beginning the IPT has been directly connected to the Natural Cures company that was driven by the book and web site. If that is in the last stages of life where does that leave the IPT and KT's plans to promote Natural cures with the tournaments? There is no way to revive it, it's over, now what? The tour has to be put on a self supporting basis as quickly as they can for it to happen unless KT just takes and pays out of his own pocket while the money is still there or finds other sponsors. He claimed to have sponsors beating down the doors he maybe better start considering their offers if they really exist.

 

[Cameron Smith]

I am not referring to the Times list. On the times list the book is still at number 5 but over all sales that are tracked against all book sales it is not in the top 150. It's interesting the book Inspirations by Wayne Dyer is number 2 on the Times list and Natural Cures is at number 5. Inspirations was at number 11 in overall sales and Naturel Cures was at 115 last week. This week Inspirations while still at number 2 on the Times list is at number 60 in overall sales and naturel cures off the top 150. What is interesting is that Wayne Dyer had been doing those PBS fund raisers the last few weeks and that was all it took for his book to shoot up, but now that they are over it is already falling in overall sales. It seems once they stop whipping the book, sales immediately drop off.

When Natural cures was at it's peak you could not turn on the TV late at night and not see KT's ad's, they ran continually on channels all over the dial, now you can't find an ad. They reached the point of diminishing returns and probably at a point were spending more advertising the book then it was making. The problem is it becomes a self fulfilling prophecy. Sales drop, you cut advertising to cut expenses and sales drop even more till it spins down to zero and the whole thing is over. From the very beginning the IPT has been directly connected to the Natural Cures company that was driven by the book and web site. If that is in the last stages of life where does that leave the IPT and KT's plans to promote Natural cures with the tournaments? There is no way to revive it, it's over, now what? The tour has to be put on a self supporting basis as quickly as they can for it to happen unless KT just takes and pays out of his own pocket while the money is still there or finds other sponsors. He claimed to have sponsors beating down the doors he maybe better start considering their offers if they really exist.

This is of course assuming that his company natural cures has no other function other than to promote one book. I don't know what the natural cures company does however it does not seem to be a very good business move to create an organization centered around book sales.

However I do agree with you in terms of the sponsors. Im not entirely convinced that sponsors are beating down his door. I just don't see the wisdom of sponsoring a tour using your own company's. If Coca Cola, Mcdonalds and Nike were involved there would be even more money for the tour to run on.

Furthermore I highly doubt that networks are as excited about the new tv show as the IPT email says. If that were the case we probably would have heard something by now.

 

[IPT-hopeful]

Let me see now, Jay backed some guy/guys to play in the qualifiers, with the aim of them making it on the IPT and then making some returns off them in prize money for his investment. His guys didn't make it, but did chalk up some money on extra throw-ins that KT put in to make the qualifiers more interesting. Money that Jay wasn't supposed to receive based on his original backing plan.

Now Jay has started 2 threads that I've read so far to "whistle blow" on the IPT and create widespread defamation to the tune that IPT is slow to pay/does not pay or is not a viable organisation.

Next Jay does get paid, finally, but the threads still abound, with no hint of taking back any comments about the IPT, and no new threads to tell readers that IPT did make good on the payments promised.

Jay, if I were you and felt so strongly and were bent on spreading ill remarks about the IPT, and using readers in this forum to get back money that you were not even supposed to receive originally, I'd be ashamed to take any of IPT's money and still have your threads lurking in these forums.

It just doesn't seem right IMO.

 

[jay helfert]

Let me see now, Jay backed some guy/guys to play in the qualifiers, with the aim of them making it on the IPT and then making some returns off them in prize money for his investment. His guys didn't make it, but did chalk up some money on extra throw-ins that KT put in to make the qualifiers more interesting. Money that Jay wasn't supposed to receive based on his original backing plan.

Now Jay has started 2 threads that I've read so far to "whistle blow" on the IPT and create widespread defamation to the tune that IPT is slow to pay/does not pay or is not a viable organisation.

Next Jay does get paid, finally, but the threads still abound, with no hint of taking back any comments about the IPT, and no new threads to tell readers that IPT did make good on the payments promised.

Jay, if I were you and felt so strongly and were bent on spreading ill remarks about the IPT, and using readers in this forum to get back money that you were not even supposed to receive originally, I'd be ashamed to take any of IPT's money and still have your threads lurking in these forums.

It just doesn't seem right IMO.

This thread was dead for nearly two months until you resurrected it. What cave did you climb out of?

By the way, if you had actually read the thread, you will see where I acknowledged being paid.

 

[cueball1950]

give em hell Jay....but i also know someone else who never got paid. I won't mention his name on here but he won the money in the qualifier in California..He won 1,000.00 on the bank the 8 ball i believe and since he also beat Mike Sigel he was suppose to get his already paid entry fee back....nothing has happened and according to this guy all they are doing is making promises to check it out and get back to him.....so they owe him $3,000.00...if you were there you know who i am talking about......mike

 

[jay helfert]

give em hell Jay....but i also know someone else who never got paid. I won't mention his name on here but he won the money in the qualifier in California..He won 1,000.00 on the bank the 8 ball i believe and since he also beat Mike Sigel he was suppose to get his already paid entry fee back....nothing has happened and according to this guy all they are doind is making promises to check it out and get back to him.....so they owe him $3,000.00...if you were there you know who i am talking about......mike

There are more than one upaid, including the referees.

 

[IPT-hopeful]

This thread was dead for nearly two months until you resurrected it. What cave did you climb out of?

By the way, if you had actually read the thread, you will see where I acknowledged being paid.

Ah, the insults start to flow just because someone else doesn't agree with you and pointed out your action inconsistencies? Seems consistent with your character Jay. And your state of maturity. Just an observation, don't take it too badly

I did read the thread. That's why I asked. Precisely two months has passed and no take back of comments were issued by you, other than acknowledging they paid you, which is obvious that none is forthcoming.

You can continue to try and sit on that high and might horse of yours, while using the people in this forum to get your own way, and leave others in doubt about the IPT while you profit off them, but it doesn't change a thing about the facts, Jay. If the way IPT's funds the qualifiers is somehow 'ill-gotten' as some people here are insinuating, then you smugly keeping the $5500 while 'whistle blowing' on the IPT is just taking advantage of the same 'ill-gotten' funds and puts you in the exactly the same team as the IPT. Again, IMO. I'm gonna guess here that more insults will be coming my way. They don't bother me, they just reinforce the points made.