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  #1  
Old 11-26-2007, 11:18 PM
daedalus daedalus is offline
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Default Party Poker is up to Something

...There's something happening here......

[ QUOTE ]
PartyGaming CEO halts share sale, takes options

Mon Nov 26, 2007 1:06 PM GMT

LONDON, Nov 26 (Reuters) - The world's biggest listed online gaming firm, PartyGaming (PRTY.L: Quote, Profile , Research), said on Monday its chief executive, Mitch Garber, had taken options for 3.5 million shares and reversed previous plans to sell a chunk of stock.

Under his planned sale programme, Garber was to have sold shares between Dec. 19 and Dec. 31. He now holds 8.75 million shares in the firm, more than double the amount he is obliged to hold under his contract.

PartyGaming is waiting for a decision from U.S. authorities on its punishment for taking bets from U.S. gamblers last year before the law was clarified in October.

PartyGaming shares were up 2 percent by 1255 GMT. (Reporting by Marc Jones; Editing by Paul Bolding



[/ QUOTE ]


Reuters Link
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  #2  
Old 11-27-2007, 03:19 AM
Barrin6 Barrin6 is offline
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Default Re: Party Poker is up to Something

Yea, I read that. But what exactly does that mean?
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  #3  
Old 11-27-2007, 04:39 AM
crzylgs crzylgs is offline
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Default Re: Party Poker is up to Something

He thinks the stock is going up. I wouldn't read too much into it though-- it could just mean they're expecting good quarterlies or something.
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  #4  
Old 11-27-2007, 11:42 AM
DeadMoneyDad DeadMoneyDad is offline
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Default Re: Party Poker is up to Something

[ QUOTE ]
Yea, I read that. But what exactly does that mean?

[/ QUOTE ]

It means he no longer sees a profit from dumping his existing stock and sees value in exercising some options he owns.

Given the back room buzz in LV, at the recent convention, I'd say the talks are progressing nicely.


D$D
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  #5  
Old 11-27-2007, 12:04 PM
Mr Sarcastic Mr Sarcastic is offline
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Default Re: Party Poker is up to Something

"Given the back room buzz in LV..."

Okay, Perez Hilton, tell us you were there to hear it.

(Given the recent Harrahs reported run at a piece of Rank, your "insider scoop" is a bit dated.)
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  #6  
Old 11-27-2007, 12:11 PM
DeadMoneyDad DeadMoneyDad is offline
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Default Re: Party Poker is up to Something

[ QUOTE ]
"Given the back room buzz in LV..."

Okay, Perez Hilton, tell us you were there to hear it.

(Given the recent Harrahs reported run at a piece of Rank, your "insider scoop" is a bit dated.)

[/ QUOTE ]

I love sarcasm!

There was more details discussed than made the papers and published reports

I'm no shill nor lover of PP. IMO there software was dog poop, and the owners have an inflated opinion of the value of their aging customer list.

IMO poker players individually and as a group are too greedy for their own good.

Any US based site, with US banking laws controlled easy deposits, would OWN the US poker market and a decent portion of the world on-line market. How long that market share could be defended is highly questionable.

Get your own sources. [img]/images/graemlins/wink.gif[/img]



D$D
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  #7  
Old 11-27-2007, 04:44 PM
Mr Sarcastic Mr Sarcastic is offline
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Default Re: Party Poker is up to Something ... which D$D has inside scoop on

"There was more details discussed than made the papers and published reports"

No doubt, there always are. However, I still call "Poseur", for your "Gambling911-like" lack of any specificity or even basis for first hand knowledge.
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  #8  
Old 11-30-2007, 02:02 AM
xxThe_Lebowskixx xxThe_Lebowskixx is offline
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Default Re: Party Poker is up to Something

[ QUOTE ]
Yea, I read that. But what exactly does that mean?

[/ QUOTE ]

He is manipulating the stock by making it look like he thinks its going up, and then when others buy he is going to sell the [censored] out of it and laugh like Dikshit did when he cashed out before the legislation passed the first time.
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  #9  
Old 11-29-2007, 08:48 PM
BluffTHIS! BluffTHIS! is offline
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Default Re: Party Poker is up to Something

You all are wasting a lot of time speculating about why Mitch Garber may be selling or buying options or not, and the legal nuances of same. He is just another mediocre executive who is paid too much and definitely isn't the sharpest knife in the drawer. So regardless of why he thinks he's doing something, there's a good chance it's wrong.
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  #10  
Old 12-01-2007, 01:16 AM
daedalus daedalus is offline
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Default Re: Party Poker is up to Something

....there's really something happening here....

[ QUOTE ]


PartyGaming Could be Taken Private

Reports Suggest
Partygaming, the world's second largest online poker room, rose 1ūp to 29p on speculation that the slimmed down online poker firm will be taken private. PartyGaming was forced to leave the US market (more than 80 per cent of its market) late last year following the passage of the Unlawful Internet Gambling Enforcement Act.

Mitch Garber, PartyGaming CEO, showed some confidence in the company this week by announcing he was stopping the planned sale of some of his shares in the company.



[/ QUOTE ]

They've finally found their 4-function calculators and discovered that they can make more $$ following the PokerStars-Private model vs. the Public Law-Abiding model.

[img]/images/graemlins/grin.gif[/img]
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