Full Tilt attorney fields questions on 2+2

[The Buzz]

A lawyer hired by retained by Full Tilt Poker CEO Ray Bitar answered questions posed by posters on the 2+2 forums over the weekend. Although what he could say was limited due to Full Tilt's legal issues, he was able to shed some insight on some of the main concerns from players.

From Poker News Daily:

One of the biggest questions people had was the relationship between the search for an investor (read: savior) for the company and the eventual return of player deposits. There has been much talk in the poker community about rumored deals that have fallen through and people fear that Full Tilt Poker (FTP) may have actually rejected a possible deal with an investor that would have allowed it to pay players back. Ifrah denied that this was the case, saying, “Since FTP started the process of speaking with outside investors that [paying players back] has been their entire focus 24/7. They have made crystal clear to every investor that the US players and European players must be paid.”

Note: He later corrected himself, substituting, “European players” with “the rest of the world.”

In response to someone who asked whether it would be possible for Full Tilt to ever return all player funds without an investor, Ifrah said, “…it will be very difficult for the company to meet all obligations without the help of an investor.”

[GFPC]

I kind of get the feeling FTP is still over valuing their business which could be why its not a done deal yet. I can see how investors want to low ball on price and that huge debt they have is a real issue right now. I do hope players get their money back - but hopefully when and if FTP comes back Ray Bitar takes a hike.

[Chips]

Steve Miller said it best in a song... "Take the money and run". Stars made right with the US players, Tilt chose to jack us all of OUR money.

[TheGamblingGuru]

A lawyer hired by retained by Full Tilt Poker CEO Ray Bitar answered questions posed by posters on the 2+2 forums over the weekend. Although what he could say was limited due to Full Tilt's legal issues, he was able to shed some insight on some of the main concerns from players.

From Poker News Daily:

You got a link to that forum on 2 + 2?

____
____

[baldidiot]

Starts here:

http://forumserver.twoplustwo.com/29...dex19.html#279

[universal4]

Hopefully buzzy can post again the next few days and give us a breakdown of any major points of the discussions etc...

Rick
Universal4

[baldidiot]

I stopped reading when the pages went into triple digits...

[Caruso]

KelleyBlum2011 = spam alert, mods.

[Anthony]

KelleyBlum2011 = spam alert, mods.

Thank you. Spammer has been banned.

[FictionNet]

I agree.


Bye, Kelley

[david_tamworth]

I definitely agree! Could be interesting.

[BingoHouse]

Kudos to the attorney for putting himself out there on 2+2 I guess, but the damage has been done. When poker is legalized in the states, players will flock to Stars + new offerings from Harrah's, etc. and never give Tilt another shot.