New announcement out

Russ Chewning said:
"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.
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Russ, give it a rest. :rolleyes: Anyone that's been on here longer than you have, knows Dave well enough to get what he meant.

That being said, this is a forum and until KT makes a final announcement about whatever it is he's really going to do, all we can do is speculate. It gets pretty F'n boring when everyone on here is saying he's lying, period, end of discussion. While we wait, why not talk about what KT says he's going to do and give our reasons as to why we think it will or it won't work? That's what Dave did, that's what quite a few others have done...

For the record, there's absolutely no reason for you to be soooooo freaking rude and caustic to people that might have differing views than you. From your very first post here you've done nothing but condescend people. Let up a little and try to have a conversation as opposed to assuming what people mean and then being nasty to them for it.
 
Maybe KT's going to pay the players in IPT Stock ...... could this be the initial IPO? (About as worthless as a KT check)

:)
 
Oh come on, now. I'm not ALWAYS rude. If I were.. I'd have no positive rep. Either that, or people might LIKE the particular way I was being rude for a post or two.

And as for the spirit of juicy speculation, I'll have a go at it.

I think Kevin 'might' have originally thought the IPT could make money, because Mike Sigel scammed him into believing that 64 people would fill each qualifier tourney. Mike, of course, knew this was not true.

Kevin quickly came to the realization that it was gonna be a hard thing to make money on all this. He came to that realization right before Reno. He then brainstormed, and came up with a plan to both recoupe some of his losses, while also setting up for the potential lawsuit that would inevitably come when he never came through with payments for Reno.

This led to mucho positive speak in Reno. Promises of 100K to all participants in IPT 2007. All this designed to get as many people into the qualifiers as possible, in order to recoupe past losses.

At this point, Kevin just wants to cover expenses up through Reno, or as much of it as he can. By the way, this does not include paying the players. He 'might' pay the players a small portion for Chicago, but that is just to get more pros on film playing 8 ball. He can use those matches for further moneymaking.

Notice nowhere in here is any speak of Ho. I do not think the deal in the form that it was presented to us ever existed. I do not think Ho is buying the IPT. If he is, it is at a fairly small fraction of what Kevin has sunk into it. Kevin is tossing the IPT away for as much as he can get for it. No thoughts or cares about what happens to it after that.

I think a much more likely scenario is Kevin got himself in over his head. Sunk a lot of money in. Is now trying to make some of it back. Does not care if more than 25% of Reno payouts ever get paid.

Knows that the pool players will never get their money in court, so he is not worried about it. If pros as a group refuse to play Chicago without money being locked up, IPT will be done. They know this. They will gladly play for nothing more than expenses for Reno and Chicago paid prior to Chicago. Chicago will only happen if Kevin already paid expense money for Chicago already.

So.. Wild assumptions galore in here, everyone! Come and gettit!

How did I do?

Russ
 
Timberly said:
From your very first post here you've done nothing but condescend people.
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Here is my very first post. FTR, it doesn't seem condescending.:D :D

Russ Chewning said:
A shout out to Linda Carter!
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Linda,

I am a player that was in the Seattle/Tacoma area around 1995-1998, and I saw another post detailing what's been going on in WA state pool. I did not know the 211 club had closed!! That is so sad. I was thinking about moving back to WA state, and the 211 club would have been one of my first visits. please tell me Dr. Cues is still open in Bothell.

You mentioned a friend of yours that ended up marrying J.D., was she the one who always knitted while J.D. was in action or in a tournament? She was such a nice girl. I was always jealous of J.D. in that respect. All the players would never curse within earshot of her. She never really let on how good J.D. was, either, hah hah.

I remember there was some place up north that was having a big break pot, and all the gamblers were buying large amounts of tickets, and then staking top players in the break and run contest. Mike got his chance first, since almost everyone was willing to ride their chance on Mike, and he either didn't make a ball on the break, or had no shot on the one. Then, J.D. got a chance for half the break pot, made a ball on the break, ran down to the six or seven.. He took a break... powdered his hands.. calmed himself.. Then promptly stepped into the shot, got down, and hopped the cue ball directly over the object ball and into the pocket. That was heartbreaking. I think you were there, if I am not mistaken. J.D. just had this stunned look on his face.. I felt so bad for him.

I never got to see Mike play Harry P. at all. I did see one of Harry's sessions, he was playing Tim T. when I got there, and it looked like a fairly even game. Harry played J.D. getting 9-6 I believe, and got pretty well trounced. I remember J.D. was very good at freezing the cue ball to balls in one pocket.

Have you seen Rick Jones or Arlene Stuart? They were the owners of City Lights Billiards in Tacoma. Rick was a pretty intense guy. I snuck in City Lights when I was 19 or 20, and started doing well in the Wednesday nine ball tourney. I bragged to some other players on the military post about it, got ratted out, and banned from City Lights until I turned 21. When I came back, I started playing better and placing 3rd or 4th in the 9 ball tournaments, but could never get past Mike Z. or J.D.. It was nerves more than anything else, as I had the abilities certainly to control a race to three.

I see Jeff Jimenez is still playing. If I am not mistaken, his game has picked up a bit. Have you talked to him lately? I might be mistaken, but was he dating Kimberly Kirk at one point?

You may not recognize the name, as I was only active for about a year, and always tightened up in the regional tourneys, but I think Andrea Saenz probably would recognize the name, as well as Clark Smith. I know Andrea is still there in Tacoma, is Clark still playing? I'd definitely like to get in touch with him, Andrea, or her boyfriend (ex?, husband?) Ray (I think).

One last thing: Ask Mike if he still has the billiard player collectable card I sold him. It'd be nice to know if that was something he kept in his collection.

Russ C.
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Russ
 
Wow another announcement that the checks are coming out next week along with the announcement of KT's next announcement:rolleyes:
 
Russ Chewning said:
Here is my very first post. FTR, it doesn't seem condescending.:D :D



Russ
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Sorry, it was post #11. No, you're not "always" condescending but you're caustic and harsh on people more so than not. Your posts lean more towards this one than your actual first post to Linda.

Russ Chewning said:
I'm not gonna say which pro player I was talking to, but let's just say it was in Central Florida. I am talking to a well known pro at a weekly tournament, and he makes the comment that "One of the problems with pro pool is the pro players are too accessible. It's not a big deal to be around pros, because they have to play the same tournaments as the non pros to make a living. Nobody pays to go see the pros play the big tourneys, because they see the pros in their home pool halls."

I was dumbfounded. I wanted to say, "Yeah, because pro pool players as a whole are people to be looked up to? You mighta heard of a guy who went to prison in Cali because he was dealing drugs, and got caught with a bunch on him. Yeah, that's who I wanna go pay to watch. Furthermore, most are just problem gamblers who just happened to find one thing they can win at consistently once in a while."

The arrogance of this guy was amazing. Another few choice words I wanted to say were, "YOU picked your "profession", dude. When you started playing in what, the early 80's, did you somehow fool yourself into thinking you were gonna make a bunch of money at the game? When the biggest payouts were in the 10K range for winning a tournament? How many times did you hear stories of old time players winning tons of cash, then being broke a few weeks later? New York Fats and Mosconi were probably the only two people in recent history who had a comfortable life off of pool. One for his skill and notoriety, and the other because of his gift of gab. Now get out of my face and go run some racks for my entertainment. DANCE, monkey, DANCE!"
But, I didn't. I just nodded, meanwhile cringing inside. I don't know about all of you, but to me pool, no matter how good I get at it, will always be a hobby. I am not a problem gambler, and will never be betting the rent money on a pool game.

I have come more and more to dislike most of the really good players I've met, because generally, they are unpleasant people, and have been involved in many unpleasant things in their lives.

Help me out here, people, lemme hear about some pros who are not scumbags. Gambling is fine, just as long as they are generally good people, and don't let the action control their lives.

(Maybe the fact that I am in Iraq again because my wife gambled away the IRS money from my last trip has something to do with my attitude on problem gamblers. I use to think the idea of a gunslinger out there always lookng for action was romantic. I no longer do so.)
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Just trying to say chill out a little. You get a little over the top & needlessly rude to people at times.
 
Timberly said:
Sorry, it was post #11. No, you're not "always" condescending but you're caustic and harsh on people more so than not. Your posts lean more towards this one than your actual first post to Linda.



Just trying to say chill out a little. You get a little over the top & needlessly rude to people at times.
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SWEET avatar!

Russ
 
Someone that knows explain how an IPO can be issued. I don't think that just 'any company' can be put on the stock exchange, but I could be wrong.
 
Timberly said:
Sorry, it was post #11. No, you're not "always" condescending but you're caustic and harsh on people more so than not. Your posts lean more towards this one than your actual first post to Linda.



Just trying to say chill out a little. You get a little over the top & needlessly rude to people at times.
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That is the one I remeber and always will. All credibilty gone.
 
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.
Dave
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Does anyone have any actual proof that he IS lying? (Other than that his lips are moving, for the cynics out there.)

The last announcement stated a contract had been signed, somewhere, by someone. If there is ever a lawsuit, or bankcrupcy proceedings for that matter, such a contract would become part of the legal record, assuming it exists.

As for an IPO, right now it seems the most obvious thing is that a small sub-division of Ho's casino empire is being setup to exploit Internet gambling. (Hence "Ho Interactive") There is already a UK-based online gambling site that runs a line on Euro Pool tour events, whilst showing a live stream of the match at the same time, which would fit in very nicely with the IPT. Hmm, maybe this was why they rushed out the online streaming video for Reno, as a proof of concept for Ho?

Anyhoo, in this scenario the Pool part of the Ho Interactive gambling experience must surely just be one fairly small element, based on other similar sites that run books on much more popular sports, although I guess if it primarily targets the Asian market it may have a better share than it would in the USA. (Bush's law-making madness aside.) Perhaps the oft-mentioned $150 million deal is referring to the value of the whole Ho Interactive venture, of which the IPT will be just one small, but perfectly formed, facet?
 
All I can say is there are some very, very naive people posting on here.
And maybe that's why Trudough can sell a million copies of a book with no real information of value.
 
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."
Dave
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That is the pure beauty, genius of KT.

He intertwines truth, with partial truth, and false statements to confuse people. People grab onto the truth and partial truth and choose to ignore the out and out lies.

The only IPO that I heard of was one that Ho was going to start with his company on the European market. That has absolutely nothing to do with the IPT. But KT has made it sound like it will be for the benefit of the IPT.

The truth is that there will be an IPO, but it is in Europe for an Ho company. Partial truth is that Ho was talking to KT. The lie is that the IPO will help the IPT. And the out and out lie is the possibility that the IPT will go public and issue an IPO.

People grab onto that belief and hope that the IPO will bring in money to pay off Reno. Of course those people then have to wait until the IPO takes place. That may be weeks away. It will be at that time that they find out that the IPO has nothing to do with the IPT.

Jake
 
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