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Reply With QuoteSo i wonder how long it will be before players actually recieve their money?
This is a letter sent from Ray Bitar to the shareholders of Full Tilt Poker regarding the proposed sale of FTP to Groupe Bernard Tapie (GBT)
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Dear members,
I am pleased to announce that today the Department of Justice and Groupe Bernard Tapie have reached an agreement in principle regarding the acquisition of the companies comprising Full Tilt Poker. My understanding is the deal provides that in exchange for an agreed upon payment by GBT, and a GBT commitment to assume responsibility for payment of ROW players, DOJ will reimburse US players and settle the outstanding civil litigation with the companies comprising FTP. Beyond these conditions, issues like the time frame and process for repayment of players remain unclear at this point and time.
With DOJ’s consent now in hand, GBT may now proceed to finalize an agreement to acquire the companies or assets that comprise FTP. That agreement will very likely address the status of your shares or interests in the successor company. When I receive that agreement, I will coordinate with our attorneys to ensure the terms of that proposed agreement will be shared with the membership and voted on.
-Ray
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So i wonder how long it will be before players actually recieve their money?
Well .... I would guess by the end of next year if the deal actually goes throughOriginally Posted by ravensfan929
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