Speedy Petey 0 Posted April 24, 2007 Share Posted April 24, 2007 He said he would sell a maximum of 5%.5%=$1250Obviously he did not need $1250 to put towards his buy-in or he would not be playing in such a big event. If he can come up with $22,500 he can afford the rest.If he won the event he would have had to pay out over $200,000 to his investors. Makes no sense to me. Link to post Share on other sites
CrazyJoe 0 Posted April 24, 2007 Share Posted April 24, 2007 He said he would sell a maximum of 5%.5%=$1250Obviously he did not need $1250 to put towards his buy-in or he would not be playing in such a big event. If he can come up with $22,500 he can afford the rest.If he won the event he would have had to pay out over $200,000 to his investors. Makes no sense to me.to let the FCP community be a part of his success Link to post Share on other sites
chgocubs99 0 Posted April 24, 2007 Share Posted April 24, 2007 to let the FCP community be a part of his success Link to post Share on other sites
uncooper 1 Posted April 24, 2007 Share Posted April 24, 2007 This was addressed in the original thread. He did it because it was a considerate and fun way to give members of this forum some extra vested interest in the tournament and foster a sense of community around here. Link to post Share on other sites
yourboygsarida 0 Posted April 24, 2007 Share Posted April 24, 2007 He said he would sell a maximum of 5%.5%=$1250Obviously he did not need $1250 to put towards his buy-in or he would not be playing in such a big event. If he can come up with $22,500 he can afford the rest.If he won the event he would have had to pay out over $200,000 to his investors. Makes no sense to me.he doesnt like money duh.what everybody else said. Link to post Share on other sites
Speedy Petey 0 Posted April 24, 2007 Author Share Posted April 24, 2007 to let the FCP community be a part of his successI am not risking $200,000 to let some strangers be a part of anything!!! Giving any investor winnings to charity would have different. Just my opinion. Link to post Share on other sites
bull62 0 Posted April 24, 2007 Share Posted April 24, 2007 I am not risking $200,000 to let some strangers be a part of anything!!! Giving any investor winnings to charity would have different. Just my opinion.What can you do with 3.9 million that you can't do with 3.7? Link to post Share on other sites
freak2304 0 Posted April 24, 2007 Share Posted April 24, 2007 I am not risking $200,000 to let some strangers be a part of anything!!! Giving any investor winnings to charity would have different. Just my opinion.Obviously he's not you. Link to post Share on other sites
zsta2k6 0 Posted April 24, 2007 Share Posted April 24, 2007 What can you do with 3.9 million that you can't do with 3.7?Buy a 3.8 million dollar house. Link to post Share on other sites
cardcore 0 Posted April 24, 2007 Share Posted April 24, 2007 probably sold 5% to cover the cost of the satty he played in and freeroll the event. that's what i would have done, anyway Link to post Share on other sites
XXEddie 0 Posted April 24, 2007 Share Posted April 24, 2007 What can you do with 3.9 million that you can't do with 3.7?QFTBuy a 3.8 million dollar house.NH Link to post Share on other sites
RichieValenz 0 Posted April 24, 2007 Share Posted April 24, 2007 What can you do with 3.9 million that you can't do with 3.7?buy 3.9 million jr. bacon cheeseburgers? Link to post Share on other sites
meservery 0 Posted April 24, 2007 Share Posted April 24, 2007 Because it's awesome? Link to post Share on other sites
Canuckickstan 2 Posted April 24, 2007 Share Posted April 24, 2007 I hope he does more for the WSOP. If he made it real deep, it would have been crazy with the updates. Or, just for shits and giggles. Link to post Share on other sites
DCJ001 0 Posted April 24, 2007 Share Posted April 24, 2007 What can you do with 3.9 million that you can't do with 3.7?He did it for tax reasons. $3.9 mil would put him in the next tax bracket and cost him a lot more in taxes. $3.7 mil wouldn't. Link to post Share on other sites
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