Insights into my mind as they occur
Archive for May 13, 2011
Challenge gets challenged
May 13th
Well the challenge is moving along with Fulltilt roll at $250 now but some interesting information has come out that could put a damper on things. Currently there is a rumour circulating that FullTilt is looking to sell 50% of the company for $200m US with the belief being they need the cash to pay out the US players after the funds were seized. If this rumour is true then the long-term future of the site is in the air, if they can’t sell it (and I’m not sure who would really want to invest in the current situation) then it seems unlikely anyone will get paid out.
Given that I currently only have a small amount on the site I’m hoping that it will get through the net and be processed back fairly easily and I’m using that as my litmus test….if it comes out then my current concerns will remain but at a lower level, if there is any trouble getting it out at all then I’d advise everyone to stay the fuck away from Full Tilt