More than likely everthing was on the up and up but it looks liket the feds have targeted him, and that's never a good thing.

http://msnbc.msn.com/id/10498985/

--Blink

I don't understand what the problem is?

Greed, for lack of a better word, is a GOOD thing. Gordon Gekko

Fullhouse7

Are they trying to figure out how he had the money?

I don't get it?

Basically looking into see if Doyle did this only so the stock would jump and he and other insiders could cash in when the market pick up on it. With no intentions of buying it.

Oh, I see..thanks.

LMAO I hope he did that..

i hope he didn't (or at least doesn't get caught) if he did he is going to jail, and I don't think there will be a public out cry like there was for martha stewart.

naw, he's so old, they'll just make him pay a big fine, and give him house arrest.

I stoped reading when they said "per cent" instead of percent.

He and undisclosed investors (Andy Beal???) made an offer to buy the WPT franchise for over 2X book value. Stock went up 50% due to that and they dumped their holdings prior to the expiration of the bid to buy. I know you guys are good at poker--therefore, I expected you would understand stock market fundamentals---obviously not.

Fullhouse7

where did it say they dumped there holdings before the bid expired? I am really hung over I probably missed it

this is old news.

it is implied

.

not to me...

day old news is so yesterday. get with the times !

I'm almost 100% sure that it wasn't Andy Beal. Reading the book about the big game, I get the distinct impression that Beal is very independent and does not really like to take over companies that are in the black. Doyle may have gotten a loan from Beal bank, but I don't believe that he'd want to go into business with Andy Beal. I'd be more likely to believe that Doyle found a number of people to invest, at least one of whom had access to serious coin. Someone like Jack Binion, Bobby Baldwin, or Bob Stupak comes to mind, though I'm purely speculating, and I obviously don't know of everyone that Doyle knows that has the resources to try to pull of something of this magnitude.

Yes, the bid was in JUly '05 but SEC investigating fraud is last weeks news--so it is recent news mate. I still think Andy Beal but other thoughts like Stupak, etc. are interesting--we'll find out soon enough.


Fullhouse7

jack binion is flush with cash right now !!
and lets not forget that if doyle is investing so is Chip ~

the 3 of them are VERY VERY good friends

It can be spelled either way. Some media stylebooks demand per cent be seperated. Too bad you stoped reading though.