US/EST: 21 May 2012 13:52
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RedMeansStop - Custom Event - 40 Day to Paydirt! ( 100% of my Full Tilt & UB action)

Tournament information
Other Custom Event
Buyin $4,000 ($USD)
Start Date: 02 May 2010 17:11 (EST)
02 May 2010 14:11 (US/Pacific) Preview
(Finished Date: 02-May-2010 (EST))
finished
Share details
$10.00 per share (0.25%)
price/value 100%
Shares Available? 114 (28.5%)
Shares sold 86 (21.5%)
Player share 50%
Player payment options FullTilt
Share Graph Event 55492
Results
Cash Winnings: $6,588.00
Winnings per share: $16.47 (inc. stakeback) Return on Investment: 64.70% (inc. stakeback)
Description

40 Days to Paydirt!     - Monday March 22nd thru Friday April 30th

  • Similar to my 36 day to glory event. This event will run for a full 40 days. I play the majority of my poker in the evenings as I have a day job and heavier on weekends.
  • Event will run as follows:
  1. Investors get 100% of my MTT & SNG action for the full 40 days.
  2. Starting Bankroll will be $4,000 USD.
  3. My max buyin will be based at 2% of the current bankroll.
  4. Goal is to mix in a lot of 45man SNG's as this is my comfort game.
  5. All investors will have the option to redeem full shares at the exact midway point which is Saturday April 10th, 2010. The shares will be paid out and full and cancelled. I will then recalculate payouts from that point for all remaining shares. (they will have higher percentage) Maximum # of shares investors can cash at mid point will be 25% of shares they own.
  6. I will have live google spreadsheet for investors to follow along with.
  7. My Goal is to bring home $20,000+ over the 40 days.
  8. I will accept payment from both Fulltilt & UB transfers. (If shipped via UB please mark as sent via Fulltilt)

 

Thank you for your consideration and LET'S ROCK! I start sharply on Monday the 22nd!

 Red

Share Allocation

Too many shares to show pie chart.


Buyer Number of stakes Percentage Status Action
open114 (0.25% each)28.5%open
 11428.5%openshare buying finished
Badger81 [profile]10.25%sold 
carlosmuc [profile]20.5%sold 
fluptjen [profile]92.25%sold 
fluptjen [profile]10.25%paid out 
lincof [profile]61.5%sold 
MYLAMBOFUND [profile]10.25%sold 
nofear23 [profile]10.25%paid out 
nofear23 [profile]194.75%sold 
ongblap [profile]10.25%paid out 
ongblap [profile]10.25%sold 
sharksurfer [profile]20.5%sold 
thegrizz1111 [profile]20.5%paid out 
thegrizz1111 [profile]389.5%sold 
trifayne [profile]10.25%paid out 
trifayne [profile]10.25%sold 
86/200 sold 
Player share - RedMeansStop [profile]50%Unavailable 

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Comments

fluptjen (2 years ago - 13 Mar 2010 01:37 UTC)

Good luck!


RAMPAGE2 (2 years ago - 16 Mar 2010 06:13 UTC)

would u accept stars ?


sharksurfer (2 years ago - 19 Mar 2010 02:10 UTC)

Good luck – i am sure this will be a great event :)


RedMeansStop (2 years ago - 19 Mar 2010 08:02 UTC)

sorry mate, I am not set up for stars $$


RedMeansStop (2 years ago - 22 Mar 2010 02:41 UTC)

Here is the Google Link:
http://spreadsheets.google.com/ccc?key=0ApVsZrD...


sharksurfer (2 years ago - 24 Mar 2010 07:46 UTC)

What a fantastic result – congrats sir – keep it on :)


fluptjen (2 years ago - 24 Mar 2010 09:03 UTC)

Congratulations Red! You deserve it :)


fluptjen (2 years ago - 30 Mar 2010 22:13 UTC)

Keep it up! You’re doing very well!


fluptjen (2 years ago - 12 Apr 2010 01:52 UTC)

Any updates?


lincof (2 years ago - 12 Apr 2010 03:06 UTC)

Whats happening dude?


RedMeansStop (2 years ago - 12 Apr 2010 05:03 UTC)

Hi Guys, I am back and sorry for the delay, was called away for work. I have send message to you all with explanation, unfortunately my day job screwed my weekend up.

Red


fluptjen (2 years ago - 28 Apr 2010 04:46 UTC)

Gl!


trifayne (2 years ago - 20 May 2010 22:03 UTC)

Red what’s going on? When will you pay out been over 2 weeks now
trif


nofear23 (about 1 year ago - 23 May 2010 19:21 UTC)

Has anybody received any feedback on the status of the payout? I’ve never had any issues with Red in the past, but the never ending delay is concerning.


nofear23 (about 1 year ago - 23 May 2010 19:29 UTC)

He is playing on FTP now (5/23/10), so he hasn’t disappeared. I asked for a status in the chatbox, but got no answer.


Badger81 (about 1 year ago - 23 May 2010 20:07 UTC)

??????????????????

????????????????????/


nofear23 (about 1 year ago - 24 May 2010 04:04 UTC)

I guess playing on FTP all day is more important than paying out the event.


lincof (about 1 year ago - 24 May 2010 13:25 UTC)

this is pretty bad.


nofear23 (about 1 year ago - 25 May 2010 03:13 UTC)

5/24/10 – Playing on FTP again, again asked for an update in chatbox….. no response. Funny that he is playing $5 max buy-in events. I guess he figures he’s not getting staked again, so he better make our $1500 (or so) last.


nofear23 (about 1 year ago - 25 May 2010 03:47 UTC)

This should make us all feel warm and fuzzy about things. (Text from FTP chat box)

nofear23 (Observer): Hey Dragon… Sorry to interrupt, but ask Red why is he not paying off his CMU backers.

laffingdragon: u got an answer for that fella red

nofear23 (Observer): thanks dragon.

nofear23 (Observer): dont know if he has observer chat on

laffingdragon: fella wants to know red why ur not paying off ur cmu backers

nofear23 (Observer): FYI… got rolled for $4K… ran it to about $7K but never paid backers their share
nofear23 (Observer): thanks again bro

laffingdragon: no probs i hate ppl that don’t pay what they owe

nofear23 (Observer): crickets… crickets.. chirp… chirp
nofear23 (Observer): no response?

laffingdragon: ffs what do u have to do to win

nofear23 (Observer): play with other ppls cash seems like a good plan

laffingdragon: at least ur not going to lose

nofear23 (Observer): not when everything is a freeroll

laffingdragon: he sounds like a real sleeze bag

nofear23 (Observer): I guess he doesn’t have much to say
nofear23 (Observer): Again… I apologize for interrupting ur game

laffingdragon: guilty conscience

nofear23 (Observer): Thanks anyway… I got my answer (silence)… He’s not interested in responding


lincof (about 1 year ago - 25 May 2010 13:19 UTC)

mother fucker.


JoeGleeson (about 1 year ago - 27 May 2010 15:22 UTC)

http://chipmeup.pokernews.com/forums/4/topics/3...


nofear23 (about 1 year ago - 27 May 2010 17:41 UTC)

WOW! What a POS. Now he is selling his action on another staking site (parttimepoker.com). I guess what he lacks in ethics he makes up for in balls.


nofear23 (about 1 year ago - 28 May 2010 04:29 UTC)

(This was my PM to Red)

Red,
I want to believe you. I really do. You had built a great level of trust with many of your backers, but you destroyed it. How can you continue to play on FTP when you owe people money. I know you were playing small stakes, but it shows where your priorities were.

What is the story with selling action at parttimepoker while this was still unsettled? That’s tough to explain too.

I would like to see these e-mails, and I suggest that you post them in the 40 day thread for everyone to see and draw their own conclusion.


nofear23 (about 1 year ago - 28 May 2010 15:41 UTC)

(Response from Red)

Nofear,
I realize how this looks and I was playing smaller stakes as my UB account was already locked and I did not therefore have enough funds to make full payout. I understand it is hard for anyone to believe all of this but I am telling the truth. For some the easiest way out would be just to walk away….I am not doing that. I made a mistake spreading my roll out and I also have a friend who plays whom I suspect was multi accounting and because I had transferred money to him and received some back on more than one occasion my account was closed. I have now lost more than what I owed on these tow events and now I have to find this cash out of my household budget to square things up.

I am and honest person or would have just walked away from this, I will square this up over the next little while but backers probably won’t see the first part until near the end of next week as I am transferring some money from my investment account to clear this up.

I also understand my days are now done at CMU which is a shame as I really enjoyed it there. I am extremely pissed off with Fulltilt as I have never multi accounted and have also never colluded and they simply close my account and seized the whole bankroll. Their own pro Brian Hastings admitted to multi accounting and milking Isildur1 out of 2.4m illegally and they only gave him 30 days of suspension…….anyway I will make this right and you guys will not hear my name again

Thanks again and my apologies.

Red


RedMeansStop (about 1 year ago - 30 May 2010 17:20 UTC)

Here is last email after my attempt to get answers but they will provide me with no specifics:

Thank you for your response.

We understand your frustration with the closure of your Full Tilt Poker account. However, we must take all necessary precautions to protect our players and uphold the integrity of our games.

We close accounts that are high risk or closely associated with accounts that breach our site terms and End User License Agreement (EULA) found here: http://www.fulltiltpoker.com/end_user_license_a...

You agreed to these terms when you created your account, and the section relevant to your situation is as follows:

3. AUTHORITY

“Full Tilt Poker retains authority over the issuing, maintenance, and closing of players’ accounts at Full Tilt Poker. The decision of Full Tilt Poker management, as regards any aspect of a player’s account, use of the Software, or dispute resolution is final.”

If you create new accounts or play on our tables using accounts belonging to other individuals, these accounts will be closed and all funds may be forfeited to Full Tilt Poker.

We appreciate your cooperation.

Regards,

Oscar
Security
Full Tilt Poker


admin (about 1 year ago - 09 Jun 2010 13:47 UTC)

Has this been paid out now?


trifayne (about 1 year ago - 12 Jun 2010 22:17 UTC)

no he is gone, wont pay what he owes!


carlosmuc (about 1 year ago - 14 Jun 2010 08:54 UTC)

Yeah, he wrote some mesages, like he is no scammer and he will pay, but i think he wont!
Too long time since then.


fluptjen (about 1 year ago - 06 Jan 2011 00:32 UTC)

Guess we’ll never see our money back…

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