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#111
11-09-2007, 06:50 PM
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Re: Latest AP press release
I don't know the ownership %s or how it's structured, so I'm going to step out of this stuff here. And no, I'm not holding out because of an NDA, I really don't know it.
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#112
11-09-2007, 07:07 PM
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Re: Latest AP press release
[ QUOTE ]
I don't know the ownership %s or how it's structured, so I'm going to step out of this stuff here. And no, I'm not holding out because of an NDA, I really don't know it. [/ QUOTE ] That doesn't compute with your statement earlier, [ QUOTE ] Also, in response to other people, I am pretty sure Scott Tom does not own over 50% of AP. [/ QUOTE ] In any audit or investigation, the ownership and structure are the most important part. You went to Costa Rica and learned nothing of this?
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#113
11-09-2007, 07:22 PM
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Re: Latest AP press release
[ QUOTE ]
[ QUOTE ] I don't know the ownership %s or how it's structured, so I'm going to step out of this stuff here. And no, I'm not holding out because of an NDA, I really don't know it. [/ QUOTE ] That doesn't compute with your statement earlier, [ QUOTE ] Also, in response to other people, I am pretty sure Scott Tom does not own over 50% of AP. [/ QUOTE ] In any audit or investigation, the ownership and structure are the most important part. You went to Costa Rica and learned nothing of this? [/ QUOTE ] Please show me where I said I know ownership %s. My best guess is that Scott Tom does not own over 50%, but that does not mean I actually know what he owns. Also, I did not go down there to audit and I was not given audit level access in the least. I went down there to interview and find out what I could. If people won't talk about everything that doesn't mean I won't go talk about something.
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#114
11-09-2007, 07:38 PM
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Re: Latest AP press release
[ QUOTE ]
[ QUOTE ] Are you going to be in a position to clarify for us the corporate ownership and management structure? [/ QUOTE ] No, I won't be able to do that. I actually address that point in the holdem radio show that I linked earlier. [/ QUOTE ] That's disappointing, but not very surprising, I guess. The ongoing, and apparently increasing, opacity of their corprate structure is one of the most worrisome aspects of this whole thing, imo.
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#116
11-09-2007, 07:49 PM
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Re: Latest AP press release
[ QUOTE ]
[ QUOTE ] Also, in response to other people, I am pretty sure Scott Tom does not own over 50% of AP. [/ QUOTE ] Yes but do him, his father, and his frat buddies own over 50% of AP together? [/ QUOTE ] Guys, I don't know how you keep missing this. [ QUOTE ] Grand Chief Joe Norton, the 100% owner of AP [/ QUOTE ] Don't worry, all is well!
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#117
11-09-2007, 08:06 PM
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Re: Latest AP press release
[ QUOTE ]
The ongoing, and apparently increasing, opacity of their corprate structure is one of the most worrisome aspects of this whole thing, imo. [/ QUOTE ] Well, I don't know. I would guess it's the way it is so that American citizens can control Absolute while not technically owning it, with the goal that they don't get arrested when they step on American soil. If you consider it worrisome that they want to evade or work around the UIGEA, then fine. But I doubt the opacity of their structure indicates anything more than that.
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#118
11-09-2007, 08:10 PM
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Re: Latest AP press release
[ QUOTE ]
[ QUOTE ] The ongoing, and apparently increasing, opacity of their corprate structure is one of the most worrisome aspects of this whole thing, imo. [/ QUOTE ] Well, I don't know. I would guess it's the way it is so that American citizens can control Absolute while not technically owning it, with the goal that they don't get arrested when they step on American soil. If you consider it worrisome that they want to evade or work around the UIGEA, then fine. But I doubt the opacity of their structure indicates anything more than that. [/ QUOTE ] the word of the day for you is accountability. Imagine running a billion dollar buisness and answering to nobody. This isn't an "American citizen" ideal, it's f'ing logic 101.
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#119
11-09-2007, 08:16 PM
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Re: Latest AP press release
[ QUOTE ]
Guys, I don't know how you keep missing this. [ QUOTE ] Grand Chief Joe Norton, the 100% owner of AP [/ QUOTE ] Don't worry, all is well! [/ QUOTE ] Sure, the Chief owns AP. What does AP own? What does Absolute Entertainment own? What does Blast Off own? Who owns Absolute Entertainment? Who owns Blast Off? Who owns the players' deposits? Who owns the rake? Enquiring minds want to know. They don't seem to want anyone to find out.
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#120
11-09-2007, 08:19 PM
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Re: Latest AP press release
[ QUOTE ]
If you consider it worrisome that they want to evade or work around the UIGEA, then fine. But I doubt the opacity of their structure indicates anything more than that. [/ QUOTE ] After all, it's not like they have anything else to hide...
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