Success Announcement!

[Snapshot9]

What has not been considered

is the fact that 'HO Interactive' is a new company just being formed. To pay the players from the 'new' company being formed might have caused a bigger delay.

Ho Casinos might be 'loaning' the money to KT to pay the player, and maybe for Chicago also. Then after the acquisition by Ho Interactive is done completely, the debt that Ho Casinos incurred will be absorbed by Ho Interactive.

Getting a new company set up with certain assests can be a little tricky sometimes, and all the paperwork processing could have delayed the payment from Ho Interactive to the players. It is also posssible KT funded from another source, but I thought it was an oversight that everyone overlooked the possiblility of the funding could be directly from Ho Casinos, to be absorbed later when the formation of HO Interactive is concluded.

 

[Ruthless]

Is there another Jay here? I made no reference to the "Lord of the Rings" in any quote.

I had just woke up and was waiting on coffee.....without my caffene, nicotene, & sugar (life's blood of a lot of players) I don't see or think very well

Ruthless mistakingly attributed the repsonse to you, but it actually came from Da Poet.

Thanks for catching that.

 

[Timberly]

That's his problem not the IPT's. If he can't afford it without the IPT's money then he shouldn't have bought it. There is a big difference between having the ability to purchase and the net worth to support that purchase. And again, there's the bird in the hand being worth two in the bush....

You are correct. I was just relating a story to someone else that related a story about seeing a player with something expensive. Here is how I responded when it was posed to me about “feeling” for the players in that position.

What about the upper echelon players who would be almost guaranteed tour cards in 07? Some of these players have new homes or cars that they purchased under the assumption that the IPT would be funded for an extended period of time.

Some of these players also have wives and children that they have to take care of.

Mike

Hence my expressed anger for the players that are owed money. One guy that has 3 kids did well in Reno... thinking that the money was coming, he treated himself to a new vehicle that he currently cannot afford.

The only reason I haven't used this scenario as part of my argument to date is because the players that did this, did so before having the money in hand so they do have some culpability in their current dilemma.

 

[The_Teach]

I just hope that this is all true and that players finally do get their checks. What a travesty if they were to never get paid after all the hard work and all of the money that some players put up for qualifying tournaments.

 

[wahcheck]

Money

I was reminded of an old song by some guy named Barret Strong (?).....titled ...."MONEY".......some of the lyrics went something like this:

Your love gives me a thrill,
but your love don't pay my bills,
I need MONEY.............

now substitute the words "sunshine speak" for love....

 

[ridewiththewind]

As to the most current propaganda that KT has released....I'm sorry, but it still smacks of double-speak to me.

With the recent developments with the IPT, and the past issues with the defunct PBT, it seems that it just might be a good idea if all the professional poolplayers get together and form an organization/union. With an organiztion of this nature, it would allow, through yearly dues, for a legal staff to be on retainer, at the disposal of player members, should issues like that of non-payment by the IPT, ever arise again. It would also give the players a united front.

One might also consider including those as members who referee on tours. This would also protect the refs, AND allow the players and the refs to set forth a standardized set of rules to be followed by the tours. This would help alleviate the disparity in foul rulings that was seen in the KOTH, from one ref to another.

Such an organization would allow for honest and productive feedback between the players and the refs, not to mention offer protection and representation, should a dispute arise.

It would give members of such an organiztion a united front, and power in numbers. For many, if not most, of the pro players, pool is their job...why not treat it as such. Truck drivers, plumbers, carpenters....all have a union to protect them against shady practices by employers.

It just seems like it would be a good idea to me, and could actually really effect change to pool as a whole. It would also put tour directors/owners on notice that such behaviour, as witnessed recently with the IPT Reno non-payment debacle, will no longer be tolerated. As 'blackjack' has already stated, without the players, there would be no tours...not the other way around.

Lisa

 

[wahcheck]

without the players?

As to the most current propaganda that KT has released....I'm sorry, but it still smacks of double-speak to me.

With the recent developments with the IPT, and the past issues with the defunct PBT, it seems that it just might be a good idea if all the professional poolplayers get together and form an organization/union. With an organiztion of this nature, it would allow, through yearly dues, for a legal staff to be on retainer, at the disposal of player members, should issues like that of non-payment by the IPT, ever arise again. It would also give the players a united front.

One might also consider including those as members who referee on tours. This would also protect the refs, AND allow the players and the refs to set forth a standardized set of rules to be followed by the tours. This would help alleviate the disparity in foul rulings that was seen in the KOTH, from one ref to another.

Such an organization would allow for honest and productive feedback between the players and the refs, not to mention offer protection and representation, should a dispute arise.

It would give members of such an organiztion a united front, and power in numbers. For many, if not most, of the pro players, pool is their job...why not treat it as such. Truck drivers, plumbers, carpenters....all have a union to protect them against shady practices by employers.

It just seems like it would be a good idea to me, and could actually really effect change to pool as a whole. It would also put tour directors on notice that such behaviour, as witnessed recently with the IPT Reno non-payment debacle, will no longer be tolerated. As 'blackjack' has already stated, without the players, there would be no tours...not the other way around.

Lisa

I agree that this kind of organization would help, but as companies and corporations (even the NFL has a history of this)have been known to do, union-busting tactics include just bringing people in "off the street" to do the jobs......Some one had brought this up in a prior thread....do people like KT really need the "players" (the legitimate world class players) or couldn't he just put another product out there with any "Tom, Dick, or Harry"?

 

[ridewiththewind]

I agree that this kind of organization would help, but as companies and corporations (even the NFL has a history of this)have been known to do, union-busting tactics include just bringing people in "off the street" to do the jobs......Some one had brought this up in a prior thread....do people like KT really need the "players" (the legitimate world class players) or couldn't he just put another product out there with any "Tom, Dick, or Harry"?

Who are you gonna pull off the street? If your thinking amatuers, well, I'm not sure there would be a sufficient draw to make such an endeavor profitable. And to protect against something like this, allow amatuers and semi-pro players to join as well....which would supply more monies for the organization's coffers.

Such an organization would also allow to possibly work discount contracts with select air carriers and hoteliers, to help make travelling between events a bit more cost-effective for the players participating. Also, there is the possibility that through such an organiztion, an insurance company could be contracted to protect against losses due to thefts and or damages incurred to players' equipment by air carriers/TSA/hoteliers. There are many benefits such an organization could offer for the players.

Lisa

 

[DaveK]

The really funny part is that all the people writing, and threatening lawsuits, have not been harmed by KT or the IPT, so they can't even go forward with a lawsuit no matter how much money they have. I am surprised that your attorneys have not told you that. Maybe they just want some of your money.

Hey Jake, you should read the John Grisham book King of Torts, it deals with some of the bizarre world of class action suits. I know it's fiction and not a law textbook, but it is based on real (US) law I believe. I couldn't put it down, but got so annoyed at the whole scenario near the end that I could not finish it either ... a rare occurance for me. In the case of class action suits (pun not intended) the lawyers are often paid as a percentage of the settlements won by the people named in the class. Read the book, then you'll understand the joke is on you again.

Dave, now into colour-coded snide comments

 

[Russ Chewning]

Jay,There are strong incentives for people to be honest in business.

Helllllllooooooo!! Hellllllooooooo! KT has not shown any propensity for honesty in business. Ever. But at least he has that all natural cure for cancer, eh? That should get him a little slack on the forums.

If KT would benefit by the IPT's success, moreso than by its liquidation, which I believe is still the case, then he'll do himself no favors by going down the road of further broken promises.

Colin

What is your belief based on? His promises? See above. Here's another scenario. He was wildly optimistic about the number of people who would pay exhorbitant sums to "possibly" qualify. He's in the hole right now. And he is trying to keep everyone going to the qualifiers in order to make as much of his losses back as possible. If it ends up going to court, he might just possibly be able to show his business plan, and that it was a simple failed business, and ride off into the sunset with the recent qualifiers money.

Compared to bilking millions out of seniors by offering false medical hope, this is small potatoes. He won't feel any remorse either.

Russ

 

[Southpaw]

Well, this is just more smoke being blown IMO. Nothing against Linda, I mean from KT. How many times does this make that the checks will be "issued"? The one where they were sent by FedEx is still my favorite. I think we all know by now, not to count our chickens before they hatch. I hope I'm wrong, but this clown just has no credibility with me

Southpaw

 

[Dr. Dissent]

Dear IPT Player,

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! Thank you again for your patience
and understanding during this business transaction.

The Ho Interactive acquisition negotiations and documents should be
finalized by the end of next week. A formal announcement will be made upon
conclusion of the transaction. We anticipate announcing shortly additional
major sponsors for the 2007 season as well as additional broadcasting
contracts with major television companies in several international markets.
I will update you again on Monday with more definitive news! We are here to
stay and continue to go forward building the largest international pool
organization the world has ever seen. Many more good-news surprises are on
the horizon. Have a great weekend.

Very truly yours,

Kevin Trudeau, Founder
International Pool Tour

What a crock.....Show us the money!

 

[jasper]

Your comprehension skills are seriously lacking. I've said it before and I'll say it again... a little bigger so maybe you'll comprehend....

I want to be proven wrong

Now why would anyone want to be proven wrong!
Thats just silly.
You should have been more possitive all along.
Then you would have been right like me.
You can't be on both sides of the fence.
Seems to me, you've been against the IPT's success all along.
NOW THE CROW IS COMING.....HOPE IT TASTES GOOD!!!!!!!!!!

 

[Nick B]

Jasper my man...slow down

Now why would anyone want to be proven wrong!
Thats just silly.
You should have been more possitive all along.
Then you would have been right like me.
You can't be on both sides of the fence.
Seems to me, you've been against the IPT's success all along.
NOW THE CROW IS COMING.....HOPE IT TASTES GOOD!!!!!!!!!!

Jasper my man...slow down. Your making us from Vancouver look a little silly. Lets review:
They have sent out about 10 silly messages about this and that. Why would this be any different? Before you cook Timberly a crow dinner I would suggest you consider all sides to this. To date the man has done very little of what he's promised...true? For the sake of some I'll give the crash course.
1. We will pay after every round.
2. The checks will be here at the end of the tourney.
3. We forgot to check "Saturday Delivery" on the FedEx waybill.
4. We are waiting for the stuff to arrive from Vegas.
5. We will ship out the checks on Friday.
6. We will ship out the checks next Friday.
7. There will be a announcement x 4
yadda yadda yadda
KT's past yadda yadda yadda
Still owes commissions for qualifiers yadda yadda yadda
It's the Profits of Dooms who are holding us down...yadda yadda yadda
The drug companies are...opps different batch of lies...never mind yadda yadda yadda

You get the idea.


Question:
Why does Timberly (and myself) hope to be wrong?

Answer: (Now pay attention)
1. We have empathy for pool players who did not get paid
2. We love the game and would like to see it thrive.
3. We want to see professional pool players paid like other pro's
4. We would like the games profile improved to that of Golf & Tennis (ya I know we stretching)
5. We want to see people who have been made promises and acted on those promises get what's coming to them.
6. It's only right.


Timberly, how did I do?

Nick

 

[Klopek]

Jasper my man...slow down. Your making us from Vancouver look a little silly.

The IPT has an office in Vancouver?.

 

[Nick B]

The IPT has an office in Vancouver?.

In typical Canadian business methods...Canadain H.O. in Toronto....branch office in Surrey.

 

[Timberly]

Question:
Why does Timberly (and myself) hope to be wrong?

Answer: (Now pay attention)
1. We have empathy for pool players who did not get paid
2. We love the game and would like to see it thrive.
3. We want to see professional pool players paid like other pro's
4. We would like the games profile improved to that of Golf & Tennis (ya I know we stretching)
5. We want to see people who have been made promises and acted on those promises get what's coming to them.
6. It's only right.


Timberly, how did I do?

Nick

TAP TAP TAP! Thanks Nick.

 

[Roy Steffensen]

I haven't been near a computer the last days, and saw this now.

I really hopes that this is true, but till I can get a confirmation from a player that the money has arrived, I will not encourage anyone to either pop a champagne or play in a qualifier.

 

[Nostroke]

"The Ho Interactive acquisition negotiations and documents should be finalized by the end of next week."

I find this wording a bit strange. If he is still negotiating, he is tipping his hand. Plus more emphasis on documents and negotiations being completed rather than the acquisition itself. If I trusted KT, i guess i wouldn't be reading it that way though.

 

[DaveK]

Jasper my man...slow down. Your making us from Vancouver look a little silly. Lets review:
They have sent out about 10 silly messages about this and that. Why would this be any different? Before you cook Timberly a crow dinner I would suggest you consider all sides to this. To date the man has done very little of what he's promised...true? For the sake of some I'll give the crash course.
1. We will pay after every round.
2. The checks will be here at the end of the tourney.
3. We forgot to check "Saturday Delivery" on the FedEx waybill.
4. We are waiting for the stuff to arrive from Vegas.
5. We will ship out the checks on Friday.
6. We will ship out the checks next Friday.
7. There will be a announcement x 4
yadda yadda yadda
KT's past yadda yadda yadda
Still owes commissions for qualifiers yadda yadda yadda
It's the Profits of Dooms who are holding us down...yadda yadda yadda
The drug companies are...opps different batch of lies...never mind yadda yadda yadda

You get the idea.


Question:
Why does Timberly (and myself) hope to be wrong?

Answer: (Now pay attention)
1. We have empathy for pool players who did not get paid
2. We love the game and would like to see it thrive.
3. We want to see professional pool players paid like other pro's
4. We would like the games profile improved to that of Golf & Tennis (ya I know we stretching)
5. We want to see people who have been made promises and acted on those promises get what's coming to them.
6. It's only right.


Timberly, how did I do?

Nick

If I may add a comment, during the early part of this saga there were few if any official announcements (the 'in writing' kind) on the activities or lack thereof. It was only after some time, gyrations, and a fair bit of criticism that the flow of announcements from KT started. At least that is how it seemed to me, though I have not gone back through the AZ records to confirm this.

Dave