The advocate of banned cardroom Full Tilt Poker, Jeff Ifrah created an account on 2p2 recently and took it upon himself to answer questions from forum members according to his best knowledge, although unofficially. He also announced that FTP was to release a statement in the near future, in which they would give detailed explanation on the current situation.
Jeff Ifrah
Once 2p2 moderators confirmed the validity of his account, questions started to pour in. Ifrah, however, kept evading them, giving little to no specifics, being unable to convince or reassure anybody. Forum member ‘laughing gravy’ collected his responses, from which a collection of at least the minimally constructive ones can be read below:
___1___: Thanks for coming on. Can you confirm that FTP has already turned down two deals. If so, what were the dates FTP rejected the deals (or thereabouts)? Also, considering FTP's first priority is the payment of players, how does the company now rationalize the turning down of a deal(s) considering the current position they are in?
Ifrah: No, I cannot confirm this and do not believe it is true. I am not aware of a satisfactory deal that has been offered and rejected. The company statement will address this in more detail.
EYESCREW: Is there any chance of all players getting paid without an outside investor providing a significant cash injection into FTP? Is it known what date FTP will be absolutely forced into receivership if an outside investor has not been found?
Ifrah: Personally speaking, yes, it will be very difficult for the company to meet all obligations without the help of an investor. Future statements will make clear why this is so. I do not know the answer to your second question.
XXpokerZZ: Have there been offers that would have paid all players in full but were rejected for other reasons?
Ifrah: No.
XXpokerZZ: If you represent FT, then who's currently FT's CEO? And who's taking the lead in negotiating with potential investors?
Ifrah: Ray [Bitar] remains CEO and participates with others in discussions.
Snooks: Once/if an investor is confirmed. How long would you anticipate it would take for the site to open again? Closer to weeks or months?
Ifrah: I am guessing but I would say at least 30 days.
___1___: One last question. Has any deal been offered that would have fully covered all player balances (after payment for any DOJ obligations)?
Ifrah: These are precisely the terms of any deal. Anyone who has been or will be at the table has been in discussions regarding these terms. The company will address the status of these discussions in its statement.
A lot more questions, of course, were asked but, like in the last one, the lawyer refused to give straightforward answers to most of them, saying that the announcement will clarify this or they should ask somebody else about that. Players therefore do not really comprehend what was the use of his 2p2 appearance; some believe that this was some announcement in itself, promoting another one coming soon. In other terms, FTP did what they do best: nothing.
Jeff Ifrah
Once 2p2 moderators confirmed the validity of his account, questions started to pour in. Ifrah, however, kept evading them, giving little to no specifics, being unable to convince or reassure anybody. Forum member ‘laughing gravy’ collected his responses, from which a collection of at least the minimally constructive ones can be read below:
___1___: Thanks for coming on. Can you confirm that FTP has already turned down two deals. If so, what were the dates FTP rejected the deals (or thereabouts)? Also, considering FTP's first priority is the payment of players, how does the company now rationalize the turning down of a deal(s) considering the current position they are in?
Ifrah: No, I cannot confirm this and do not believe it is true. I am not aware of a satisfactory deal that has been offered and rejected. The company statement will address this in more detail.
EYESCREW: Is there any chance of all players getting paid without an outside investor providing a significant cash injection into FTP? Is it known what date FTP will be absolutely forced into receivership if an outside investor has not been found?
Ifrah: Personally speaking, yes, it will be very difficult for the company to meet all obligations without the help of an investor. Future statements will make clear why this is so. I do not know the answer to your second question.
XXpokerZZ: Have there been offers that would have paid all players in full but were rejected for other reasons?
Ifrah: No.
XXpokerZZ: If you represent FT, then who's currently FT's CEO? And who's taking the lead in negotiating with potential investors?
Ifrah: Ray [Bitar] remains CEO and participates with others in discussions.
Snooks: Once/if an investor is confirmed. How long would you anticipate it would take for the site to open again? Closer to weeks or months?
Ifrah: I am guessing but I would say at least 30 days.
___1___: One last question. Has any deal been offered that would have fully covered all player balances (after payment for any DOJ obligations)?
Ifrah: These are precisely the terms of any deal. Anyone who has been or will be at the table has been in discussions regarding these terms. The company will address the status of these discussions in its statement.
A lot more questions, of course, were asked but, like in the last one, the lawyer refused to give straightforward answers to most of them, saying that the announcement will clarify this or they should ask somebody else about that. Players therefore do not really comprehend what was the use of his 2p2 appearance; some believe that this was some announcement in itself, promoting another one coming soon. In other terms, FTP did what they do best: nothing.
