Success Announcement!

[LAMas]

I guess they figure that if they're not going to pay the players, the least they can do is feed 'em a lil sumtin and carrots are good for you... falls right into KT's natural cure book about eating healthy foods.

My take is....
A) Yeah, what wahcheck said.

B) KT has yet again managed to use a lot of words to say very little.

Ultimately, the deal is NOT final so this was yet again another announcement about an announcement. As for popping the champagne... I think the players that went out & bought high dollar items after Reno, thinking that they were going to get paid would advise everyone not to celebrate just yet.

I feel for Busta who was watching Gandi Valle win the qualifier at the Hardtimes earlier this month for he was sporting a Rolex watch - looked brand new. He has been globehopping as of late and seems not to have any angst against the IPT in the PI press about not getting paid - yet. Thanks to Puyat Sports!

John Shmidt is a gambler like many pool players and seems to cope with the situation as is - perhaps because he has mitigated his risk with partners/backers - for which he is taking heat.

 

[PoolSharkAllen]

I knew KT would come through!

 

[shanesinnott]

I guess you're right....I was assuming all negotiating was being done with Ho Interactive.....there I go, assuming again......I am still scratching my head over what is really happening though......

Yep, it can be confusing. The words that were used were chosen very carefully but can EASILY be read as meaning something entirely different. Sometimes it just requires reading the same thing a couple of times over in order to get the actual meaning....and by that time you may in fact have a headache!

 

[PoolSharkAllen]

I knew KT would come out of this smelling like a rose!

 

[jasper]

Maybe it would be a positive step and maybe not. Considering that Kevin Trudeau is the only reason the IPT has even existed and any good that has come from it he is mainly responsible for. If the deal being discussed does go through then he is primarily responsible for it also.

If it wasn't for Kevin Trudeau there wouldn't even be a International Pool Tour thread and nobodys negative comments would even exist because there would be no thread to post them on.

THIS IS GREAT NEWS.

More good news for my GOOD THINGS vs BAD THINGS THREAD to come next week.

 

[Timberly]

I feel for Busta who was watching Gandi Valle win the qualifier at the Hardtimes earlier this month for he was sporting a Rolex watch - looked brand new. He has been globehopping as of late and seems not to have any angst against the IPT in the PI press about not getting paid - yet. Thanks to Puyat Sports!

One guy that "won a lot of money" in Reno went out and bought a nice high dollar SUV with all the bells and whistles.... he can't afford it w/out that IPT check. He shouldn't have bought it before he got the check, but then again, there should've been a check.

 

[Timberly]

I knew KT would come through!

How do you figure he's come through? So far nothing has really changed... until it is final it's not a deal and in KT's own words, it's not final. I don't really see where anything has changed here.

 

[wayne]

FTR, I would like to say that I hope it is true and I hope that the IPT continues so that the players can make their $100K salaries. If this is just another sack of crap he's tossing onto the mountain of lies he's created in his lifetime, it can only work in the favor of those that actually care about the game of pool. I woud strongly caution all of the players not to play in Chicago without first having the money guaranteed in writing. If you guys proceed to play without that guarantee, you are making your own bed and you will have to sleep in it. Be smarter than that, and hold him accountable for his promises. Without the players he has no tour, not the other way around.

That is pretty bad advise and I don't think any player would follow it who has a chance of winning over the minimum. If the money is paid for Reno tournament I would expect no good player would be dumb enough to not play if he is not given a guarantee of getting paid. Think about it, if a player tells the IPT he or she is not going to play unless the money is guaranteed and they simply remove that person and replace them with someone else, what has the removed player gained. The removed player would then have to pray that no one got paid so he or she is not the complete fool.

The only reason for anyone who has a chance of winning over the minimum should not play (if they can make it) is if the Reno money has not been paid.

(As a test Blackjack ask your friend Danny Harriman if he gets paid from Reno will he be willing to not play in Chicago if the money is not guaranteed, after he tells you he definitely will be there, then advise him not to go.)

Also, the truth is the tour would never have existed without Kevin Trudeau and it is also true that there is no tour without players but there are a lot of players out there that would love to be on the tour if the big dollars do get paid and if for example 50 of the current players decided to not play there would be hundreds in line to take their place.

 

[wahcheck]

yep

How do you figure he's come through? So far nothing has really changed... until it is final it's not a deal and in KT's own words, it's not final. I don't really see where anything has changed here.

Yep, the bottom line is that the waiting game is continuing into next week.......and beyond(?)

 

[PoolSharkAllen]

How do you figure he's come through? So far nothing has really changed... until it is final it's not a deal and in KT's own words, it's not final. I don't really see where anything has changed here.

Notice the rolling eyes for sarcasm emoticon in my last post.

 

[jasper]

How do you figure he's come through? So far nothing has really changed... until it is final it's not a deal and in KT's own words, it's not final. I don't really see where anything has changed here.

Ahhhhhhhh..........You're just scared you are going to be proven wrong.
How do you like your CROW prepared?
Deep fried or baked?
Or maybe 1/2 baked like all of your opinions, insults and imaginary insight?!

 

[Timberly]

Notice the rolling eyes for sarcasm emoticon in my last post.

I responded to this one before I saw the 2nd one.

 

[Timberly]

Ahhhhhhhh..........You're just scared you are going to be proven wrong.
How do you like your CROW prepared?
Deep fried or baked?
Or maybe 1/2 baked like all of your opinions, insults and imaginary insight?!

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

 

[Blackjack]

Ahhhhhhhh..........You're just scared you are going to be proven wrong.
How do you like your CROW prepared?
Deep fried or baked?
Or maybe 1/2 baked like all of your opinions, insults and imaginary insight?!

What if I were to say... Who GAS if the IPT succeeds or not? It pays 150 players. That means that they have limited themselves with a piss poor business model with no room for expansion other than ripping players off at the qualifiers. Supposedly, there are millions of players throughout the world. There is an industry that has not been invited to the IPT party. Do you know what that means? That means that there is the opportunity for the rest of the pool playing world to take advantage of that. Keep ignoring me, Jasper. Remember, I'm the best thing that Kevin doesn't have.

 

[stevelomako]

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

Well it looks like he's hoping he bought a couple of more weeks.

 

[Timberly]

Well it looks like he's hoping he bought a couple of more weeks.

Yes, he can ride the 7-10 day coattails in Monday's announcement. It'll give him a little more time to think of the next stall tactic.

munch, munch, munch... I don't much care for carrots. I wish he would tie something else to the stick... something with real substance, like meat.

 

[wayne]

Yep, the bottom line is that the waiting game is continuing into next week.......and beyond(?)

Yeah I wish they could complete these mega million dollar deals in a day or two so everyone wouldn't have to wait around and worry about when it is going to be finalized. Why is this guy Trudeau even bothering to give the players progress reports? Why doesn't he just leave them completely in the dark until the deal is finalized so people on the message boards don't have to keep waiting for the next announcement. And why isn't that guy Ho making announcements about his deal, doesn't he realize he is expected to confirm everything Trudeau says?

 

[sixpack]

Yeah I wish they could complete these mega million dollar deals in a day or two so everyone wouldn't have to wait around and worry about when it is going to be finalized. Why is this guy Trudeau even bothering to give the players progress reports? Why doesn't he just leave them completely in the dark until the deal is finalized so people on the message boards don't have to keep waiting for the next announcement. And why isn't that guy Ho making announcements about his deal, doesn't he realize he is expected to confirm everything Trudeau says?

Excellent point. They say that the only bad press is no press. Have we all been playing into his hands to drum up all the attention here. If he had paid the players and then a month later announced the HO deal...Ho-hummm...BUT...the way it played out now, hundreds (maybe thousands) of us around the world are waiting breathlessly to see what happens. If he pulls this off, the notice that the HO merger will get is probably AT LEAST 10-fold more than it would have been. Maybe he is a marketing genius after all.

On the other hand, if he's lying...well...at least he still cares enough to lie...that in itself says something.

Cheers,
RC

 

[jimmyg]

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.

It appears that the first paragraph has to do with funding, perhaps a loan to the IPT, that KT claims to have been finalized. He indicates that the Reno payments will be made with these funds.

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. This sentence indicates that the sale to Ho is NOT concluded, but "should be", by next week.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.
The balance is more, typical KT puffery
Very truly yours,

Kevin Trudeau, Founder
International Pool Tour

So it appears that KT is claiming there are two seperate negotiations going on, one to refund and another to sell. He does not state or indicate, in any way, that Ho is involved in the refunding tranaction. My guess, if I assume that the content of the letter is true, is that he has not been able to sell the IPT without first settleing the current debts, therefore the refunding before the sale. Still doesn't make that much sense to me.

 

[memikey]

IMO, what this says is: that we are done negotiating for the money to fund the IPT (to hopefully be used to pay the players) and now that we are done talking, on Monday we will actually sign the paperwork (this could be loan documentation or any of a number of things) and then after that in a week or so the players checks will be cut. As I said earlier, it does not say when the checks will be mailed.

Am I not reading this correctly?

Irrespective of the veracity or otherwise of the information in this announcement which aspect I am not going to speculate upon,it does actually indicate that the sequence of events is that the funding will be put in place before the acquisition is finalised.

If that is not the information that he intended to convey he needs to consider employing a more articulate announcement drafter.

Again,irrespective of the truth of the content of the announcement,one thing is for sure.He has now all but completed the gradual process of completely shifting the emphasis from the essential and fundamental fact that he guaranteed to personally fund all the prize money for the published events for 3 years (ie absolutely devoid of any mention of provisos on being able to find a buyer within the first year).Interested parties,the players in particular,have been systematically led step by step towards the belief that the measure of whether KT has adequately performed his part of the bargain will be based upon his success or failure in getting someone else to pick up his tab

The 'Ho deal' is a red herring in the context of if and/or when KT is obliged to pay the missing past prize money or provide the future prize money etc that he has already guaranteed,whether the deal exists as described by KT or not.If and when any "acquirer" of IPT issues back to back confirmation that they are honouring those existing KT guarantees and the existing tour card eligibility criteria etc there will be a new situation,until such time as that happens there isn't,that's the bottom line.