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JamesMa

Oct
26
2011
FTP is a calling
Posted in Poker | View Comments (1)
 

Seems that full tilt's new potential buyer is doing his due diligence and calling around europe and apparently some canadians to try to get a better understanding of what players intentions would be if the site reopened. Callers were asked which were preferred among three "withdrawal" options: 1) getting FTP shares 2) instant cashout with penalty percent 3) Cashout over time with no penalty, the main choice so far is apparently cashout over time with no penalty. The third choice seemed to be the preferred one.

From what I can tell this is at least a positive sign that the Tapie group is working towards finding a solution to reopening the site which is going to be good for all players. I think its perfectly reasonable for the buyers to not want to have to put up all the money and try to share/diversify the risk as much as possible.

although no Americans were surveyed, they also would not be potential customers of the site for the time being. But if the site does reopen, I imagine that would greatly increase the chances of American players being looked after. I would find it hard for a large million dollar company to continue operating for years while owing $150mm to Americans and publicly refusing to payout.

I wonder where they currently stand with a deal with the DOJ but hopefully we will hear more positive news soon!

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Comments
10-27-2011
Probability is offline Probability
Probability's Avatar
I think it's good too. the funniest thing to me in those threads is people saying the fact the buyer is negotiating means FTP is not worth X or is nearly worthless. Tards gonna tard.
 
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