SEC probes Doyle

[Sniper]

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do you not agree that the bid was so high that it is UNlikely to have been bogus considering the obvious flag it would raise?

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Brunson's bid was clearly labeled a BLUFF at the time! (Do a search of the stock market forum/archives, if you want to see what was said about the offer at the time)

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do you understand that if beale was part of the group, getting $700mil would have been no problem?

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WPTE wasn't worth anywhere near $700 mil then, or now!

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wpte will value at that level within a year or two.

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What will be the catalyst? WPTE has never made a profit!!!

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Guilty of submitting a fake bid to buy WPTE for over double its (at the time) current value in an effort to drive the price of the stock up so that he, or people he was affiliated with could profit from the spike on the news, and then sell before the collapse.


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judge, jury and executioner??

do you not agree that the bid was so high that it is UNlikely to have been bogus considering the obvious flag it would raise?

do you understand that if beale was part of the group, getting $700mil would have been no problem?

wpte will value at that level within a year or two.

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Firstly, you are a moron.

Secondly, if the bid was not bogus, then why did Doyle not talk with the WPT after the bid was announced?

Thirdly, the WPT is currently worth $125 million and has negative earnings. How is this stock going to climb to a market cap of $700 million when they can't figure out how to make money?

And finally, you are a moron. I can't believe there were enough fools on this board to pay to send you to the WSOP. They might as well have flushed that money down the toilet.

[mackthefork]

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Someone made alot of money in that circus.

While I feel for Doyle I somehow don't see how he can be blameless in this. But on the other hand I can't see him being stupid enough to try this kind of moronic trick either. Oh well, I am fairly sure the SEC will manage to pierce attorney privilege and take this to court. Will be interesting to see who pulled the strings.

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No, but I can see him being retarded enough, to get involved with people who would, without any actual dishonest intent on his part.

Mack

[GrannyMae]

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And finally, you are a moron. I can't believe there were enough fools on this board to pay to send you to the WSOP. They might as well have flushed that money down the toilet.


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we shall see who the moron is. doyle will be cleared.

Just cause hes the godfather doesnt mean hes innocent? I agree with dude u are a moron.. and ill be taking donations for next years wsop lol hahahahahah

if theyll send u theyll send anyone

[FlFishOn]

"I can't believe there were enough fools on this board to pay to send you to the WSOP. They might as well have flushed that money down the toilet. "

WSOP EV and toilet EV were equivalent. There was one less bad/stupid beat story from the toilet.

I figured out how to short granny next year. Bet a 'last longer' taking whatever lifeform draws his RH seat.

[FlFishOn]

"if theyll send u theyll send anyone"

I see a few bucks to be made here administering a 'Short granny' fund. Better check with the SEC first.

[memphis57]

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Just cause hes the godfather doesnt mean hes innocent? I agree with dude u are a moron.. and ill be taking donations for next years wsop lol hahahahahah

if theyll send u theyll send anyone

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Hehe, silly newbies, talking back to granny. Guess in a week or so we'll find a couple more corpses behind the casino with knitting needles sticking out of their eyeballs.

[BassMasterK]

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judge, jury and executioner??

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Absolutely not. There will be a seperate judge, and a seperate jury. I find it hard to believe that you think there would be an executioner...I think that is going a bit to the extreme.

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do you not agree that the bid was so high that it is UNlikely to have been bogus considering the obvious flag it would raise?

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No I do not agree. In case you don't watch the market much, people make moves that raise flags all the time. They do it because they know that for every hundred of them, maybe one will be investigated. Many of them have people so far removed from them making the moves that it is hard to prove and to prosecute. That is why people don't fear the SEC...until the SEC really comes knocking. If Doyle has nothing to hide, why is he not cooperating with the SEC?

Do you not agree that if you were to make an offer to buy wpte, a deal that involves 700 MILLION DOLLARS, that you might make it at a time where you could make yourself AVAILABLE for any questions that the current organization might have regarding the deal? Would you not agree that it does not look good to have the law firm handling your 700 million dollar deal distance themselves from you and withdraw their services and position in the deal the very next day?

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do you understand that if beale was part of the group, getting $700mil would have been no problem?

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Irrelevant.

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wpte will value at that level within a year or two.

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LMFAO...this may be the best one yet. You obviously do NOT follow this stock. They are currently losing money. They tried to produce a professional poker tour and market it to other stations and they have failed to do that. Their current deal with WSOP and the Travel Channel is not to their liking. They have competition with the WSOP. They have a saturated market that is not bringing in the advertising revenues that they had just a year ago. To top it all off they have a website that was late to the market, has been buggy, at peak hours has a few hundred people playing (and that includes the free tables) and can't accept money from americans (who make up roughly 70-80% of world market of online gamblers.)

Since you seem to think you know SOOOOO much about the subject...please educate me as to how WPTE is going to be a 700 million company in the next year or two, with a stock price of 36. Please, really, I'm dying to know.

I have no bone to pick here, I got out at 28 and took my profits. But I also can see a scam for what it is...they happen all the time. I really didn't think the SEC would get involved. People here are calling you a moron...I don't know you at all but from your other posts, you obviously are riding Doyle's jock for all you can...it would appear you can't be unbiased in your opinion.

Regardless...please educate me as to the future finances of WPTE. I am really looking forward to it.

[memphis57]

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No, but I can see him being retarded enough, to get involved with people who would, without any actual dishonest intent on his part.

Mack

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Without knowing Doyle but knowing a little about those situations, this is the explanation that best fits the known facts, IMO. That's assuming Doyle isn't a financial genius and would be unable on his own to say whether WPT was worth $700 mil or $300 mil. It could even be his whole group falls into that category and the money was made by wall street traders - but that's not likely. More likely, either one of his investors or, possibly, an advisor was playing a side game on his own. Part of the answer may lie in why the stock was worth 18 before the bid but 6 after. Was somebody accumulating prior?