New announcement out

Yep I do wanna play for couple hundred a set, oh yeah you got a game, lets post up. "Well I don't get paid till Friday can you wait till then if I lose" . My check will be around 800 $ so I can lose only four sets, do we got a game? "Well what happens if I lose" well your the better player and have beaten me in the past so I think it only fair for me to get paid right away, its because overall your up on me. Ok Kevin :cool: you got action.:confused:
 
Truly, I AM !

Well, I'm OPTIMISTIC !

Doug
( I'm also fat, bald, broke, married, old, humorless, hungry, gullible and my reading comprehension is shot...... but I'm still Optimistic )
 
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Smorgass Bored said:
Well, I'm OPTIMISTIC !

Doug
( I'm also fat, bald, broke, married, hungry and gullible )
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I know where you can get some great self-help books to cover most of that list. The final item on the list will make sure you buy them all. ;)
 
memikey said:
Undoubtedly.....................but seeing as your own posting signature reads "www.poolcomps.com. Play now,win big!" is there more than a hint of irony in this comment or do I just have a jaundiced eye?;)
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You have it in for me dont you!
 
An interesting note from KT. A while back I laughed at jjinfla'a suggestion that they would take the IPT public, and that is apparently their plan. So Jake, I was wrong on that one. However, what I am waiting for is the Prospectus. That should make for interesting reading. It is one thing to string along the pool pro's, but the Securities and Exchange Commission take a pretty dim view of stringing along investors. Like I say, the Prospectus will make interesting reading. Personally I am not so sure we will ever see one, but maybe ....

Dave
 
Buuuuuuuuuurp !

cuetique said:
Woohoo! My first taps! :D
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Damn ! Well done. I've been here for eight years and NEVER received any Tap, Tap, Tap...... but I did get $500 v-cash once.
Doug
( I spent it at the v-buffet )
 
DaveK said:
An interesting note from KT. A while back I laughed at jjinfla'a suggestion that they would take the IPT public, and that is apparently their plan So Jake, I was wrong on that one. However, what I am waiting for is the Prospectus. That should make for interesting reading. It is one thing to string along the pool pro's, but the Securities and Exchange Commission take a pretty dim view of stringing along investors. Like I say, the Prospectus will make interesting reading. Personally I am not so sure we will ever see one, but maybe ....

Dave
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Nowhere has KT or anyone from IPT yet indicated that they plan to take "IPT" public. If there was an intention to take "IPT" public KT could go ahead and get on with it without Ho Interactive or anyone else's intervention,assuming his criminal record does not disqualify him personally from whatever role he would plan to play in that flotation.

On the contrary, KT stated in a letter that the intention was in fact for the company (said to be named "Ho Interactive") which was in negotiations to purchase IPT, to be launched on The London Stock Exchange at a later date after the acquisition was finalised,not IPT.That is one of the few areas in which KT has not yet contradicted himself,except for one excusable slip of the tongue/pen when he accidentally referred to the purchaser as Ho Casinos, ironically within the same letter in which he first said the prospective purchaser was Ho Interactive.
 
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#1
"You can pop the champagne! I am pleased to announce that we have
successfully concluded our negotiations relating to the funding of the IPT.
The final documents are being finalized at this very moment. We will be
signing on Monday. This means that player checks for the World Open will be issued within seven-to-ten days or sooner! "

Note that he said the negotiations were CONCLUDED.

Then #2 (in more ways than one)

Since President Bush signed into law the bill outlawing online gaming in America, our initial financing package is lower than originally contemplated. This shortfall will be made up at the IPO and through other initiatives.

So, when #1 was released...the "champagne letter"...KT KNEW that there would be a shortfall but issued an e-mail anyway that was 100% worded to create the impression that PAYMENT IN FULL was just around the corner.

There now is simply no escaping the conclusion that KT is simply a chronic and habitual liar.

Deno, I hope you have already been paid a great deal of money...or don't need any more money because I don't think your reputation in the pool community can ever recover from this sad debacle.

But then...if you don't need the money...what in the WORLD are you still doing there??????????????
Jim
 
Well spotted av84fun..........very valid point IMHO although he doesn't actually say that cheques for the full amounts would be issued. That's the trouble with fibbing,it tends to necessitate further fibbing and so on and sooner or later you inevitably trip yourself up.
 
jamesroberts said:
Dear IPT Player,

It is with great pleasure that I can announce that the financing
package in
relation to the Ho Interactive acquisition of the IPT has been signed.
This
means that IPT players will be receiving checks for the World Open
tournament next week. Since President Bush signed into law the bill
outlawing online gaming in America, our initial financing package is
lower
than originally contemplated. This shortfall will be made up at the IPO
and
through other initiatives. We are now working on finalizing the formal
documents relating to the Ho Interactive acquisition and initial public
offering. We hope to formally sign these documents and make a formal
public
announcement early next week. Our staff will be calling each and every
one
of you so that we may send checks to you via overnight priority
delivery.
Thank you again for your support and patience. Together we can turn the
dream of the IPT into the reality that we all want to achieve. I will
update
you again next Monday with more specific details.

Very truly yours,

Kevin Trudeau, Founder
International Pool Tour



just what i thought.........i knew that online gaming law would really effect this deal.............
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I thought this would make it easier to read...it doesn't look good:mad:
 
When he calls, I hope everyone will ask the same question: "Is my check for the full amount of my winnings?". The answer will speak volumes.
 
memikey said:
Nowhere has KT or anyone from IPT yet indicated that they plan to take "IPT" public. If there was an intention to take "IPT" public KT could go ahead and get on with it without Ho Interactive or anyone else's intervention,assuming his criminal record does not disqualify him personally from whatever role he would plan to play in that flotation.

On the contrary, KT stated in a letter that the intention was in fact for the company (said to be named "Ho Interactive") which was in negotiations to purchase IPT, to be launched on The London Stock Exchange at a later date after the acquisition was finalised,not IPT.That is one of the few areas in which KT has not yet contradicted himself,except for one excusable slip of the tongue/pen when he accidentally referred to the purchaser as Ho Casinos, ironically within the same letter in which he first said the prospective purchaser was Ho Interactive.
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OK, so maybe there is some confusion on my part as to what company might be taken public. I based my comments on these two lines from the most recent communication :

"This shortfall will be made up at the IPO and through other initiatives. We are now working on finalizing the formal documents relating to the Ho Interactive acquisition and initial public offering."

It seems strange to me that KT would comment on any plans Ho may have for the IPT. Based on the wording above it looks like an IPO and an acquisition are in the IPT's future, but as I say, there may be some confusion as to what entity will be floated. Bottom line, if the IPT issues the IPO, it's contents will be very interesting. It is fairly hard to get buy-in from the investment banking community with nothing more than smiles and promises.

Dave
 
DaveK...<<but the Securities and Exchange Commission take a pretty dim view of stringing along investors. Like I say, the Prospectus will make interesting reading. Personally I am not so sure we will ever see one,>>

I amy well be mistaken but I don't think the IPO is intended to take place here in the U.S. so the SEC would have nothing to do with it. For some reason, I think the deal is to be sold in Asia and the U.K.
Regards,
Jim
 
DaveK said:
OK, so maybe there is some confusion on my part as to what company might be taken public. I based my comments on these two lines from the most recent communication :

"This shortfall will be made up at the IPO and through other initiatives. We are now working on finalizing the formal documents relating to the Ho Interactive acquisition and initial public offering."

It seems strange to me that KT would comment on any plans Ho may have for the IPT. Based on the wording above it looks like an IPO and an acquisition are in the IPT's future, but as I say, there may be some confusion as to what entity will be floated. Bottom line, if the IPT issues the IPO, it's contents will be very interesting. It is fairly hard to get buy-in from the investment banking community with nothing more than smiles and promises.

Dave
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Seriously, it really does depress me when I see people write posts like this.

First, you are assuming he is telling the truth. Kevein Trudeau has been shown on here multiple times to be a liar. You are taking the time to try to analyze his statements for meaning. Why? For all we know, he could be buying time for some MLM setup he has started to begin generating profit.

In short, he is a liar. Doesn't do any good to debate whether or not he means this or that by what he says. All that matters is money. He said he was guaranteeing the money out of his pocket. Then, he changed his mind. All the emails in the world will not change that.

Given that he has already SHOWN that he will say or do ANYTHING to get people to do what he wants, why is anyone working off the assumption there is any shred of truth in what he emails out?

Sheeshh.. Oops.. I mean 'bahhhhhhhhh!'. (Where did Little Bo Peep go?)

Russ
 
So the question ...

If in the beginning, KT did not really have the funds to fund the tour for 2 years, like what was indicated, and even if he originallly had ideas of selling the tour down the line, then did Mike Sigel really sell KT a bill of goods with the idea of the tour that he had been discussing with him for 10 years?????

Evidently Kt, for some reason, can not afford to payout what was originally stated he would for the tour, surely he knew this from the get-go, so who sold who a bill of goods? Mike Sigel might be more of a hustler than any ever thought he was? After all, he had been out of competition for 10 years, he is pissed off he didn't make more money when he won. His cue sticks he makes are way overpriced? Kt is responsible for a lot, granted, but perhaps some of that responsibility also goes back to Sigel.
 
Snapshot9 said:
If in the beginning, KT did not really have the funds to fund the tour for 2 years, like what was indicated, and even if he originallly had ideas of selling the tour down the line, then did Mike Sigel really sell KT a bill of goods with the idea of the tour that he had been discussing with him for 10 years?????

Evidently Kt, for some reason, can not afford to payout what was originally stated he would for the tour, surely he knew this from the get-go, so who sold who a bill of goods? Mike Sigel might be more of a hustler than any ever thought he was? After all, he had been out of competition for 10 years, he is pissed off he didn't make more money when he won. His cue sticks he makes are way overpriced? Kt is responsible for a lot, granted, but perhaps some of that responsibility also goes back to Sigel.
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Yeah, I'm thinking the same thing, Mike was serious about starting a pro tour, but it takes a great hustler to get a man to blow 8 million on a pool tour. KT can say what he wants, but Mike really sold him on his vision.

I still think the idea has legs, but it was started too big too fast and on a bad foundation.

KT may have the funds, but at some point he started to worry, I have seen many investors verbally say they plan to invest X amount only to pull up and bail, it's not a KT thing it's a business choice, it's fear, it's a business plan that's not at a point you thought it would be. Anyone who thought he would blindly continue to throw away millions more if little forward progress was made after dumping 8 million was fooling themselves, KT expected more revenue, so now he is looking for others to invest to offset the pain.
 
Russ Chewning said:
Seriously, it really does depress me when I see people write posts like this.

First, you are assuming he is telling the truth.
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With all due respect Russ, you know nothing of my assumptions. The one you suggest I made is far from true. I was simply commenting on what he said (wrote), and in effect I said that he can't bullmanure his way through an IPO, which would be some evidence that I have not made the assumption of truth from KT. Hell, I went so far as to say he can't bullmaure the investment banking community with smiles and promises, but maybe I made that comment in another thread.

Sorry you are depressed.

Dave
 
DaveK said:
With all due respect Russ, you know nothing of my assumptions. The one you suggest I made is far from true. I was simply commenting on what he said (wrote), and in effect I said that he can't bullmanure his way through an IPO, which would be some evidence that I have not made the assumption of truth from KT. Hell, I went so far as to say he can't bullmaure the investment banking community with smiles and promises, but maybe I made that comment in another thread.

Sorry you are depressed.

Dave
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It seems strange to me that KT would comment on any plans Ho may have for the IPT.
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Right here. Looks to me like you are assuming there is even a deal with Ho. HUGE assumption, IMHO.

Based on the wording above it looks like an IPO and an acquisition are in the IPT's future, but as I say, there may be some confusion as to what entity will be floated.
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Since we have heard of the IPT being involved in an IPO nowhere else but from KT, sure looks like you are assuming there is some truth in KT's emails.

Bottom line, if the IPT issues the IPO, it's contents will be very interesting. It is fairly hard to get buy-in from the investment banking community with nothing more than smiles and promises.
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See above. You say "if the IPT issues the IPO" as if there is some valid reason to think it was ever in the plans. Sorry, at this juncture, it wouldn't be prudent to believe anything that has ever come from the mouth or pen of Kevin Trudeau, unless it has actually happened in the real world. As opposed to the fantasy world that KT lives in.

"With all due respect", the quotes above do not make it seem like you are analyzing KT's mumbo jumbo. It makes it seem like you actually believe some of it. "Some" of it might be true, but then again, all of it might be false, and we might never know what KT's REAL plans were.

Russ

Dave
 
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