AP infinity plus one - New AP Statement

[Cruzincat]

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Both sites and Joe Norton state that he owns 100% of the firms. It was very easy for us to determine that. What is apparently difficult for us is - to believe it.

It's not really surprising that we might have doubts, because this is a privately owned firm, and private owners are not required to reveal very much about their affairs. I own a business as a sole proprietor, just as Mr Norton claims he owns these gambling firms. If I sold someone an option to buy my firm, I'm not required to tell you about that, or to tell anyone else. That's just the way it is. Are you really amazed that I don't have to tell you about my business, or that you have no way of knowing if I have given someone a right to buy me out?

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But if that secrecy allowed you to cheat your customers and they find out about it, would you be able to continue your business and maintain that secrecy, or would you have to become more transparent in the future?

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How could they be more transparent about possible hidden ownership? If Mr Norton has in fact sold an option to someone giving that person the right to buy out his interest in AP he can tell us the truth, or he can lie to us, and there is no way for us to know which is the case. We must either believe him, or not. There is nothing he can do to PROVE he is telling the truth about this. There is no device which can make the inside of his head so transparent that we can tell whether he is telling the truth or not. It is possible that he has secretly sold his interest to the Queen of England. As long as neither of them says it's true, we can't rule her out as the real owner.

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Well then that only leaves one possibility open, doesn't it? If they cannot prove the truth as far as ownership goes then there is no reason to ever trust them again and they have to go down(or at least only the ignorant and greedy continue to play there).

[h11]

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Both sites and Joe Norton state that he owns 100% of the firms. It was very easy for us to determine that. What is apparently difficult for us is - to believe it.

It's not really surprising that we might have doubts, because this is a privately owned firm, and private owners are not required to reveal very much about their affairs. I own a business as a sole proprietor, just as Mr Norton claims he owns these gambling firms. If I sold someone an option to buy my firm, I'm not required to tell you about that, or to tell anyone else. That's just the way it is. Are you really amazed that I don't have to tell you about my business, or that you have no way of knowing if I have given someone a right to buy me out?

[/ QUOTE ]
But if that secrecy allowed you to cheat your customers and they find out about it, would you be able to continue your business and maintain that secrecy, or would you have to become more transparent in the future?

[/ QUOTE ]

How could they be more transparent about possible hidden ownership? If Mr Norton has in fact sold an option to someone giving that person the right to buy out his interest in AP he can tell us the truth, or he can lie to us, and there is no way for us to know which is the case. We must either believe him, or not. There is nothing he can do to PROVE he is telling the truth about this. There is no device which can make the inside of his head so transparent that we can tell whether he is telling the truth or not. It is possible that he has secretly sold his interest to the Queen of England. As long as neither of them says it's true, we can't rule her out as the real owner.

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Well then that only leaves one possibility open, doesn't it? If they cannot prove the truth as far as ownership goes then there is no reason to ever trust them again and they have to go down(or at least only the ignorant and greedy continue to play there).

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I assume that any owner of an offshore poker site would be happy to cheat me out of my money, if that were to make him richer. But I also believe that in order to maximize their wealth, they need to earn trust of players. And to do that, they have to avoid cheating scandals. So I don't really care if a LARGE poker site is owned by John Gotti or Lee Jones. Both owners would have huge incentives to not cheat me, IMO. Because cheating stands an excellent chance of getting caught, and that would cost more in the long run than being honest. Now a rogue employee, who does not own the site, has different incentives, and I think that is what happened at AP. And I think AP has been stupidly managed, one sign of it being this scandal. But on the whole, I think owners, crooked or straight, will work to keep the places honest. Out of greed. With the rare exception such as this one, where someone doesn't know how to manage their company so as to protect the value of their investment. So I dont care who owns it. As long as they have the minimal intelligence needed to understand they should be honest.