PurePoker did a hit-and-run?

[Casinomeister]

Just double checking this thread - it's almost a month old...and no resolution

Yet, Purepoker.com is online touting ongoing tournamets. To the casual observer, nothing is amiss.

I was in contact with Futurebet's CEO, and last Friday he stated that they had a deal that would please everyone. But so far, I haven't heard anything.

[B00T]

Thanks CM

I am sure many of us are just sitting tight awaiting word from you on what is going on currently. We appreciate the update (even if it is nothing).

FWIW..My account has not been locked as far as I've seen and it has the lowly $500 sitting in it.

Hopefully we will all leave happy!

[Reef]

yes, thanks for the updates.

I'm surprised some of your accounts are still open. Mine was closed after Pino asked me if I wanted to deposit more (?!) and play there. I said no, so he closed it. over $1200 still owed.

[hogua]

Ok... here's something new for me...

Now, when I try to log into my account, I get a message stating that poker has been disabled for my account. So, even if I wanted to, I can't play poker. However, I can log into the casino and the cashier page. If this site didn't owe me so much money, I might think all the activations/ deactivations/setting changes etc to my account was funny. Of course, there is nothing funny about this situation.

CM, that's for the help and for the recent update.

I do hope Futurebet and/or Pino steps up and realize that they both will gain much more from resolving this than they will "save" from not paying players.

When I was playing at Purepker, I remember thinking about how much I liked the software. If I would have beem paid (and not gone through this hassle), I'm pretty this could have become my favorite site, because I liked the software that much.

[pokeraddict]

This is a Poker Network/ONGAME skin right? Sub licensed just like Revolutionary?

[SnowMan26]

The following link is to an agreement found using Google.... on the sale of Futurebet Systems Inc. to CYOP Systems International Inc. on the 14th of December 2005.

http://sec.edgar-online.com/2006/01/...8/Section7.asp

take from it what you will.... Don't know why this document is online just found it interesting when I came across it looking into futureBet. I don't even know if the link is to an agreement which actually went through....

[jetset]

I'm open to correction on this, but I seem to recall that this deal referred to a sale to CYOPS of the source code (rather like the deal that was done with IGS, enabling them to 'tweak' same as opposed to a licensee who doesn't have that level of *ownership*

I'm not sure that it applies to this case other than an interesting deal by Futurebet on what must be its major asset.

QUOTE: The Seller further warrants that it is not selling their business, operations, employees or any other right with regard to operating their own business.UNQUOTE

[SnowMan26]

Thanks Jetset,

Just don't know why they can't pay players when a deal like this has a payment schedual.... right around the time people are having problems......

Quote

"1. A deposit of $325,000.00USD on closing. (Dec 14th/05)

2. Initial deposit to be paid to FutureBet Systems Inc. on delivery of all "assets", ie., newest source code ( known as version 2.4) with translated games in the languages described in Exhibit A.

3. Installments of $30,000.00USD 30 days after the closing and $40,000.00USD 60 days after the closing.

4. The balance of $255,000.00USD to be paid upon effectiveness of the Buyers registration statement and concurrent funding with Cornell Capital due payable no later then March 31st 2006. "

[Jay]

Of course FB *can* pay. But the first responsibility is on the site, not the software provider. I don't think anyone here believes that FB has run out of money.

That said, my account is currently unlocked and I have a (verbal only) agreement to get my money over time, with added playthrough on my part. Since I left the money in there in order to play it anyway, that doesn't bother me. Never heard a peep from FB, and have nothing in writing (letter or email), so I'm mostly on faith here.. (but better to wait for a letter with an unlocked account and some of my money than a locked account and no money )

[Casinomeister]

Hang tight, a legitimate offering is in the making.