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Do your small part now.Sign the Online Poker Petition Now!Sign the Online Poker Petition Now!Do what you can to save online poker now.Post here if you signed it, to see how much the FCP Forum helped out.-Fluffdog87 :D:):D:):D:):club::club:Read the article at Cardplayer about this online poker petition.Cardplayer article

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Cmon people get the word out!Send this to all your other poker forums.What do you think of his idea? :D:D:D:):club::)

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When I posted this there were only 6200 signatures. That means 900 people signed it in 10 hrs. A lot of them probably signed up through this thread.Great job so far everbody!Keep getting the word out! :club::D:D:D:):)

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baag248feat2c20061006171621km6.gifMORE TROUBLE COULD LIE ahead for PartyGaming. Gamblers anxious to clear out their accounts could cause a run on the bank. For according to the company's June 30, 2006, balance sheet, PartyGaming owes its clients $192.6 million in liabilities and prize pools, while having only $132.9 million in cash and cash equivalents to meet that obligation. And those cash holdings are likely to have fallen sharply, because of $130.5 million of cash spent on an acquisition in August. Meanwhile, The Financial Times reported the cancellation of a $500 million bank credit line that the company had made some use of. PartyGaming recently cancelled a $115 million special dividend to shore up its cash.The problem all this poses for gamblers is that, unlike the brokerage industry, customer accounts aren't segregated and insured. Your money and the house's money tend to be one.Several phone inquiries by Barron's to PartyGaming on its current cash situation went unanswered.Of course, the company could make good on its obligation with its retained earnings and shareholders equity, if there were any. But unfortunately the company has a negative tangible net worth of minus $53 million. And after what happened in Washington, one can bet that its servers and other physical assets are no longer worth the $58.3 million shown on the balance sheet. Nor are its goodwill and other intangible assets likely worth anywhere near their $144.4 million balance-sheet value. Not when the business has just gone up in smoke.
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I thought all the big sites had their players funds in segregated accounts. I know that some of them advertise that fact.At any rate I got my money out of Party - some still sitting in Firepay and some already transfered to FTP. I figure I should get it all on FTP before they pull the plug since I can't use Neteller in maryland. I know my $1000 is small change to them but I got it out almost instantly.

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Involvement in the adult entertainment industryRuth Parasol and Seth Warshavsky invested millions of dollars in phone porn companies that were sued by North Carolina and Nevada authorities for alleged improper billing and collection practices that included threatening to seize a person's property.Warshavsky was a protege of Seattle phone sex entrepreneur Ian Eisenberg, who was advised by attorney and phone sex business veteran Parasol. Eisenberg mailed phony "rebate" checks for $3.50 to millions of households. The fine print on the checks stated that by cashing the check, the recipient agreed to pay up to $29.95 for Internet service. Subsequently, the FTC filed charges, and Eisenberg and company were ordered to pay $17 million in restitution.[2]Parasol was a fixture at adult entertainment industry gatherings until 1999.Involvement in the gaming industryIn 1997, Parasol launched Starluck Casino Online in the Caribbean and in 1998 met and partnered with software engineer, Anurag Dikshit. At the time, she made Dikshit a partner in her online casino business, and in turn Anurag made Parasol a partner in his IT services business in India. Parasol's expertise is electronic payment processing, website content management, online gaming regulations and international taxation.In 2001, they launched PartyPoker.com and PartyGaming grew dramatically to over $500 million in annual profits by 2005. In June 2005, PartyGaming Plc floated on the London Stock Exchange and in September was admitted to the FTSE 100 list of companies. In October 2006, PartyGaming pulled out of the US market leading to a 60% drop in it's value and speculation in newspapers that the company would exit the FTSE 100.Ruth Parasol and Russ DeLeon were married in California in 2003. Since January 2004, they have lived in Gibraltar where they now have three children. Today Parasol acts as a consultant to PartyGaming in additional to her work as mother and homemakermore on Ruth Parasol >>>http://www.fullcontactpoker.com/poker-foru...showtopic=77248

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