Full Tilt investor saga continues

[The Buzz]

If you are waiting with baited breath on who the White Knight will be to come in and save Full Tilt Poker, you are a delusional person. Even if this/these White Knight(s) were to exist, it's taken an eternity for the powers-that-be at Full Tilt to find this/these people. The disgraced online poker room released a statement yesterday that said it is continuing negotiations with potential investors.

From PokerNews:

Dublin, Ireland (August 22, 2011) - On August 16, Irish based Pocket Kings Ltd., brand executor for the Full Tilt Poker moniker, concluded the exclusivity period of negotiations with their current potential investor.

While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.

Full Tilt Poker apologizes for its lack of communication with its customers over the last month and a half, but it has been grappling with unexpected and complex legal and financial issues arising from Black Friday and its aftermath. In addition, the company has had to be circumspect about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality.

To the extent that it can do so without jeopardizing future opportunities, Full Tilt Poker will strive to have better communication with its customers going forward. Full Tilt Poker's number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.

[Spinweb]

I wonder how many members of staff have had to be released due to all the problems they've faced recently? I read somewhere that at one time they had 500-600 members of staff.

[david_tamworth]

has anyone got an update on this?