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Fri, 07 Mar 2008 20:46:22 +0100 Awesome story in the Financial Post Today
Cover story: Blown away A record $160-million VC investment. A rich Web strategy. A quirky founder. For a few weeks last spring, Guelph, Ont.’s Geosign had it all. Then mighty Google stirred. And it was over Kevin Hewitt (http://www.financialpost.com/magazine/story.html?id=324817) It started simply as another "town hall." No surprise in that - Geosign Corp. employees were used to town-hall meetings because they happened almost monthly. Staff would leave the office, pile into cars and make the short drive to the Holiday Inn on the south edge of sleepy Guelph, Ont., where Geosign was located. Once assembled, they'd typically get an earful from management about the business, new initiatives and big plans for the future. The only difference this late May day was that the meeting had been hastily arranged, with employees directed to the hotel that morning. But why worry? Just 12 weeks earlier, Geosign had joined the elite list of hottest Web companies in the world. After operating for seven years in near-anonymity, an hour's drive from the prying eyes of Bay Street, Geosign landed the largest-ever venture-capital investment for a Canadian tech company: $160 million, for which U.S. investor American Capital Strategies Ltd. got a "significant" minority stake. At that time, Geosign said it had more than $100 million in sales. And it was hiring new employees like crazy. At the previous town hall in mid-April, CEO Ted Hastings, who took over from Geosign's founder and chairman Tim Nye that January, discussed a new facility they were planning for all the staff, then numbering more than 250. There, they would keep building their online media "powerhouse." Geosign boasted a network of 180 websites, with consumer news and information content ranging from hockey to girlfriends to lawn furniture. It said it had created a technology that drove traffic to its sites through placements in search engines, with up to 35 million unique visitors landing each month. Given the red-hot interest in Internet advertising, American Capital managing director Virginia Turezyn said Geosign's true value lay in its "automated systems," not its content. For everyone arriving at the Holiday Inn, the future seemed golden. But as soon as they were assembled, things turned strange. Each employee was handed an envelope. In the envelope was a piece of paper with a geometric shape on it - triangle or square. That's when the bomb dropped. Hastings told the assembly that there had been a massive change to the company's business model, brought about by search engine and Web advertising giant Google Inc. It would require massive adjustments, but Geosign would persevere, he said. Stunned employees tried to decipher what was happening. Many had just joined the company to create "webzine" content packages for its sites. What did Google have to do with their online magazines anyway? Those with triangles in their envelopes were directed to speak with human resources staff on the premises. Regardless of their circumstance or how long they'd been with the firm, the triangle indicated their time at Geosign was over. Between 50 and 100 people were cut that day, with many more to follow. "It was awful," says one former employee. "None of us knew what was happening. It didn't make sense. The woman standing next to me had just quit her job and moved to the city to start. She burst into tears when she realized she'd just been fired." Companies fail all the time. Sometimes with little warning. But companies that are highly profitable and only weeks removed from a record-setting venture capital investment? Not so much. Yet in Geosign's case, the cuts that began last May continued through the summer. Late last year, fewer than 100 employees remained. Today, Geosign itself no longer exists, its still-functioning website an empty reminder of its former promise. And while the national business media has, until now, overlooked the story - surprising, given the size of the investment and the fact that Google played a direct role in the outcome - within Canada's technology and venture-capital communities, the $160-million investment is known as the deal "that didn't go well." When the collapse happened, even jaded industry watchers accustomed to financial debacles in the tech sector were stunned. "I've seen a lot of meltdowns," says Duncan Stewart, a technology and investment analyst in Toronto. "But something happening like this, over just a few weeks, that's unprecedented in my experience." The same question occurs to everyone: How did a business making $100 million a year, a company so full of promise, disintegrate so quickly? With Geosign, it turns out, there's more to the tale than anyone directly involved has so far been willing to say. And much of it revolves not around its plans for a content powerhouse, but the story of how the Guelph startup found a loophole in Google's vaunted advertising model, enabling it to make boatloads of cash - until Google decided enough was enough. It's hard to know exactly what Tim Nye had in mind when he established Geosign in 2000, the same year Google launched its first keyword-targeted ad program, the money-spinner at the core of its enterprise. "Geosign wasn't much more than a shell at that time," says Jim Estill, CEO of Synnex Canada, a Toronto-based computer distributor, who invested in two of Nye's earlier ventures. "But it had Tim, and he's one of those consummate entrepreneurs who fails sometimes but keeps coming up with new ideas." Nye's first company, Carbotek Computing, had been a computer parts distributor. His second, a software company called CadSoft, was a "marginal success" according to Estill. Nye sold that in 1998. Estill says Nye bucked conventions, wore his hair long, preferred jeans to suits and had bold ideas. "He's technically creative, the type who knows what computers can do," he says. "There's a tendency in the press to make everyone either a dog or a god. The truth is most people are somewhere in between. Tim is no different. He has shortcomings, but he's also a highly creative guy." Retracing Geosign's origins through old news stories, Nye sounds like he spent considerable time searching for a business model. In early interviews, he described Geosign's business in vague terms, suggesting it was somehow linking online consumers with local businesses. "The market is connecting buyer to seller, and up to now, the consumer has been left out," Nye told the Guelph Mercury in 2001. He called his new technology "geosearching," and added that his company had inked an arrangement with an Internet search engine, but wouldn't disclose the name. Still, he told confidantes and investors that he had grand ambitions for Geosign extending far beyond Guelph, concepts that would create a business with huge upside. Not that anyone outside of a small circle knew of Nye's plans. For the next five years he stayed out of the limelight. Even in a small city like Guelph, he and Geosign garnered no media attention. Meanwhile, as Nye tinkered away in silence, Google was doing just the opposite, laying claim to the title of most popular search engine. More significant, perhaps, was the success of its keyword-targeted ad program. To recap, Google began selling advertisements associated with keywords that would be searched by Internet users. Pricing of keywords was based on a combination of bidding and click-through use. As Google's popularity soared, so did the price it could charge for linking an ad to a keyword. For example, if your company wanted the phrase "car accident lawyer," it could cost upwards of US$38 per click to have the most prominent ad link on the Google page when that term was searched. Less common phrases cost less, as little as 5¢. In 2003, Google made another huge leap forward on the advertising side, with the launch of its AdSense program. Essentially, this application allowed people to put keyword-targeted ad links, served by Google, on their own websites, with them and Google splitting revenue tied to the volume of user click-throughs. As its popularity grew, a cottage industry began to develop called "search arbitrage." Essentially, search arbitrage involves an individual or company buying Internet traffic through the acquisition of keywords from Google, then sending viewers who click on the ad links to a site ("landing page" in Google terminology) that appears to have content, but is actually just full of online advertising linked to the original search term. Anyone clicking an ad link there makes money for the keyword holder. For example, a company might bid for the Google rights to the phrase "small town car sales" and send traffic to a website it controls, filled with more car advertisements, called "Alltheautomotive.com." The keyword cost only 20¢, while a click on the advertising on the website might yield $1.50 return. According to Niki Scevak, an analyst at Jupiter Research in New York, the majority of those initially involved in search arbitrage were small players. "These were guys running search arbitrage out of their basements, making maybe $20,000 a month," he says. As the possibilities of the arbitrage business became apparent, however, other more ambitious players got interested. One of them, it seems, was Geosign. While both Nye and Hastings declined to comment when contacted for this story, former Geosign insiders who spoke on the condition of anonymity confirm that the possibility of a big payoff in search arbitrage caught Nye's attention after he created Geosign. What's more, he envisioned a network of thousands of websites all automated by software linking keywords to pages filled with ads, returning millions in cash in the process. By 2005 that was exactly what was happening. Nye crafted a maze of Internet sites that included tens of thousands of Web pages and bought up even more keywords from Google. By connecting the keywords and the websites, Geosign was indeed generating more than $100 million in annual revenue and was extremely profitable. To put a value on the company at this time, analyst Scevak points to Marchex Inc., a publicly traded company in Seattle, Wash., with a comparable business model. At its peak in 2006, Marchex had a market capitalization of US$500 million. Meanwhile, Nye began to run Geosign like his version of a California dot-com at the peak of the investing craze in the late 1990s. He brought three Segway Personal Transporters into the office. "They didn't make any sense at all given the size of our offices," says one former employee. "But we used them anyway." Wolfgang Puck gourmet coffee makers were soon introduced, free Perrier abounded and rumours circulated that staff lunches would soon be catered. A lavish Christmas party thrown at the end of 2006 saw employees head home with iPods and gift certificates worth of up to $1,000. The grand prize was a lease on a Toyota Prius. Fittingly, Nye dressed as Santa for the event. "It was amazing while it lasted," says another former employee. Even as the perks flowed, many Geosign employees, especially those the company hired in 2006 to start developing a new online publishing division of the business, weren't necessarily aware of where the money was coming from, especially as the websites they designed struggled to find an audience. "It didn't make any sense to me," says another former employee - one of many contacted through a Facebook group set up after the first big round of layoffs last May. "There was all this money around, but the website I was working on had like 1,500 visitors a day." There were other oddities, as well. One Geosign staffer recalls being asked to work through weekends in late 2006, in order to add text to Web pages that appeared to be nothing but ads. "They told us it could be our B-grade writing," the ex-employee says. "We were writing for strange sites like roundtables.info and sticks.info. And we were just writing a paragraph or two. It didn't seem to matter what we wrote." The change in atmosphere had everything to do with measures that Google was taking to rein in those doing search arbitrage. This action was a response to two main concerns. First, that the practice was becoming so widespread, it was hurting legitimate advertisers by artificially inflating keyword prices. And second, that if too many keyword-targeted ad links only took users to pages filled with other ads, that users would lose interest and faith in the online ad system. Obviously, with advertising revenue being the key to Google's finances, it had to respond. It did so by expanding the terms of service for its AdSense program (published on its website) to place greater restrictions on the way links could be used and by spelling out detailed landing page and site quality guidelines. A top priority there: relevant and original content. By these standards, a landing page full of ads is inadequate - as this text in its current guideline explains: "Provide substantial information. If your ad does link to a page consisting mostly of ads or general search results (such as a directory or catalog page), provide additional, unique content." Since most companies doing search arbitrage bought both their keywords and landing page ads through Google, it was easy for the company to isolate and monitor them. Non-compliant parties risked being banned from the AdSense program. A simpler tactic, however, saw Google target those abusing the process, raising their fees and making it too costly to continue. For the moment, Nye and Geosign were still a step ahead. Instead of buying ads and keywords from Google, Geosign had always purchased keywords from the search engine company and directed the traffic to sites filled with ads from rival Yahoo! That meant Google was receiving millions of dollars from Geosign for access to its keywords, but didn't know where the traffic was directed. Given the amount of money flowing to Google, most in Geosign thought the search engine would turn a blind eye. But not Nye. Geosign insiders say Nye voiced concerns that Google could eventually move against arbitrageurs utilizing the Yahoo! model. That left him with a decision - to continue running Geosign and hope Google would continue to accept the company's money even if it didn't like the business model, or to search for something that might one day replace the arbitrage revenue. With the online advertising market for content-oriented sites growing rapidly, Nye decided to move into Web publishing. He purchased still more domain names and began hiring staff to create "webzines" focused on everything from sports to travel. Nye's plan, insiders say, was to develop a legitimate content business before Google cracked down on its arbitrage angle. This explains why Geosign quickly began hiring so many reporters and editors, and why it begin to talk about itself as a big-time online media play. Nye knew he had to move fast. He also knew he needed to make acquisitions on both the content and advertising sides of the business. That would require more cash than Geosign had on its own. Soon, Nye began seeking venture capital and private-equity investments. In early 2007, American Capital, which calls itself an "alternative asset" management firm, won out over several suitors. The deal was announced in the first week of March. But even that had an odd twist. Nye was not available for any interviews, with the exception of some comments he gave to a couple of tech industry bloggers. In one case, he said the money was critical to his "BFE - big empire strategy. I forget what the ‘f' stands for." For his part, Hastings only spoke publicly for a very short time before he, too, clammed up. A source inside the company says their behaviour stemmed from fears that the more they talked, the more they would attract Google's attention. For this same reason, some insiders had apparently advised against partnering up with American Capital prior to the deal, because it was a public company and therefore had to disclose the investment. While no one at American Capital would comment for this story, sources say it was well aware of how Geosign made its money and what it was planning going forward. It was, in other words, placing a bet that Google would not take steps that would alter Geosign's lucrative business. "Since we didn't know Google like we do now, the question always was, ‘Is someone really going to shut off the kinds of dollars we were paying them?'" a former Geosign employee says. "It turns out the answer was yes." The end came suddenly, well before Nye and American Capital could reposition the business - in fact they were still hiring new employees in the days leading up to the layoffs. Google had started to look more closely at companies like Geosign, which were buying keywords from Google and ad links from Yahoo! or another provider. And soon Geosign got word that Google would now begin penalizing its Web pages that had "a low landing page quality score" - that is, lots of ads and little or no original content. While Google won't comment specifically about Geosign, sources say it raised the prices it charged Geosign for keywords overnight. "When Google ‘shuts you down,' that isn't exactly what they do," explains Jupiter's Scevak. "Instead, what they do is start charging you $50 for what they were charging 10¢ for previously. They make the model financially unfeasible." Sources say the American Capital deal included provisions whereby it would recover its money if things fell apart. "As any private-equity firm does, they find a way to make sure they come out OK," says one former Geosign executive. "If they are going to put $160 million into a company, they are going to make sure that if something bad happens, they are holding the keys to the castle." Negotiations dragged on through 2007. Ultimately, American Capital reached a settlement with Nye that saw two new companies created. American Capital got control of Geosign's marketing and advertising assets and spun it off in a new company called Moxy Media Inc., with ex-Geosign CEO Hastings as chief executive. In early January, a spokesperson for Moxy Media confirmed that it has about 50 employees and had recently acquired Florida-based SWI Digital Inc. "Life goes on," says one insider. "You might not be thrilled with where it is, considering what it had been, but search marketing is still a viable business." American Capital's latest securities filings peg Moxy Media's value at US$128 million - which means the sum of Geosign's former assets are worth less than American Capital's original minority investment. Besides remaining tight-lipped about its Geosign experience, American Capital has apparently tried to keep a tight leash on Geosign's former employees, many of whom were asked to sign a non-disclosure agreement before receiving their severance. An employee who spoke with the Guelph Mercury was sent a letter warning about the repercussions of talking with the media. As for Nye? He came away from the breakup with what one former executive describes as "assets with little value" - a few domain names, such as hockey.com and golfcourses.com, a few staff and little else. He created a new company called eMedia Interactive Inc., where he is listed as chairman. A final attempt to contact him to see if he'd be willing to put his version of events on the record for this story yielded a short response. "As part of the transition, I signed a confidentiality agreement, which would prohibit any comment from me," he wrote in an e-mail. "I have some exciting things in the works. But I am not comfortable adding anything else at this time." In time, he might talk about his new venture, he says, but there is "no benefit for any press at this time." Those close to Nye say he did very well financially with Geosign even before the American Capital deal, has a home in Barbados, and often uses a local service to charter private jets. Even though his dream of creating a publishing empire in Guelph seems to have ended - a handful of staff were recently let go from eMedia - those around him wouldn't be surprised if he resurfaces with another company. "There won't be any penny sales for him," says Estill, who thinks Nye could produce a lasting hit if the right concept catches his fancy. "He knew he was living on borrowed time at Geosign. He had a golden goose - it just didn't lay eggs forever." Tue, 19 Feb 2008 18:53:48 +0100 Thu, 13 Mar 2008 15:54:11 +0100 As long as you know their user id you can view their photos! Don't know how long this hack will go before they stop it, so check it while you can.
tagged photos added by others: http://www.facebook.com/photo.php?pid=12345678&op =1&view=all&subj=MEMBERID&id=MEMBERID tagged photos added by themselves: http://www.facebook.com/photo.php?pid=13245678&op =1&view=user&subj=MEMBERID&id=MEMBERID ex: Mark Zuckerberg’s member id is 4 so let's see his pictures... http://www.facebook.com/photo.php?pid=12345678&op =1&view=all&subj=4&id=4 Thu, 13 Dec 2007 03:13:51 +0100 From CBC.ca
A Calgary man is disputing a cellphone bill of nearly $85,000, claiming the phone company failed to tell him using his phone to surf the internet would cost so much. The Motorola Krzr model Piotr Staniaszek bought from Bell Mobility allows him to use the phone to connect with his computer; downloading data to the computer resulted in the shocking charges. "I didn't know what to think. I thought there was probably a mistake," the 22-year-old oil-field worker said of the extraordinary total. A spokesman for Bell said the company will adjust Staniaszek's bill in "a measure of goodwill." But he will still owe Bell more than $5,000. A bill that large is extremely rare, spokesman Jacques Bouchard said. "What happened is that the client used the cellphone as a modem linking it directly to the computer and downloading huge files, ... high-res movies for instance." Staniaszek said he pays $10 a month for unlimited mobile browsing on his cellphone. "So I figured that was the same thing, but I guess not." Continue Article After speaking to Bell about November charges of $65,000, Staniaszek said he was informed his bill had increased to nearly $85,000 after more downloading in December. Staniaszek said the company should have alerted him to the soaring tally. He normally pays about $150 a month for his phone. "The thing is, they've cut my phone off for being like $100 over. Here, I'm $85,000 over and nobody bothered to give me a call and tell me what was going on. "I told them I wasn't aware that I would be charged for hooking up my phone to the computer. I'm going to try and fight it, because I didn't know about the extra charges. Nobody explained any of this to me." Bouchard said Bell cannot monitor the activities of every one of its customers. Wed, 14 Nov 2007 15:44:29 +0100 Wed, 14 Nov 2007 15:17:33 +0100 Toronto Maple Leafs rookie Jiri Tlusty caught with his pants down on Facebook! Jiri Tlusty sent some revealing pictures to his facebook girlfriend and the bitch posted them on the net!!! The Toronto media is going crazy over it! Funny shit!
![]() ![]() Thu, 25 Oct 2007 19:28:45 +0200 I have noticed lately that everyone seems to be looking alot older to me and aged! I guess this means I'm getting older and it's depressing! Here are some celebs for you:
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Mon, 15 Oct 2007 18:31:28 +0200 Saw a new Poker Stars commercial last night and it was very well done. Got me thinking how crap the Poker site homepages used to look and how far they have come. Thought it would be interesting to show back then and now. Remember those old ass partypoker.net and pokerstars.net commercials with Moneymaker and his bad ass haircut!!! EEEEEEW Party Poker!
Party Poker 2004 ![]() Party Poker 2007 ![]() Poker Stars 2004 ![]() ![]() ![]() Poker Stars 2007 ![]() Ultimate Bet 2004 ![]() Ultimate Bet 2007 ![]() Absolute Poker 2004 ![]() Absolute Poker 2007 ![]() I like the AP slogan in the middle of the homepage from 2004 considering the current super user scandal "Our Mission: To continue to be the best and most trusted". I wish I could get my hands on those old Poker Stars and Party Poker commercials .but couldn't find them anywhere on the net. I have to say AP is the most improve. What do you think? Fri, 12 Oct 2007 22:12:54 +0200 Look at this image:
![]() Does the Image spin clockwise or counterclockwise? Most of us would see the image turning anti-clockwise. If CLOCKWISE, then you use more of the RIGHT SIDE of the brain and vice versa. Most of us would see the dancer turning ANTI-CLOCKWISE though you can try to focus and change the direction; see if you can do it. LEFT BRAIN FUNCTIONS uses logic detail oriented facts rule words and language present and past math and science can comprehend knowing acknowledges order/pattern perception knows object name reality based forms strategies practical safe RIGHT BRAIN FUNCTIONS uses feeling "big picture" oriented imagination rules symbols and images present and future philosophy & religion can "get it" (i.e. meaning) believes appreciates spatial perception knows object function fantasy based presents possibilities impetuous risk taking For me it only move clockwise, no matter how long I focussed, I can't get her to spin anti-clockwise. Found this article here: http://www.news.com.au/heraldsun/story/0,21985,22556281-661,00.html Mon, 17 Sep 2007 04:05:20 +0200 Wow, shows you the power of news on the net. I guess all news really is good news.
--------------------------------------- A neat post I found on Bill's Blog When Bodog lost its domains and had to convert over to NewBodog.com there was much speculation over how this would impact the company. Well, now we have some answers. To be honest, I was a little surprised. On Sept 1st, Bodog (or NewBodog . . . depending on how you look at it) slipped to its lowest point following the yanking of its domains. On Sept 1 their peak traffic (as reported by PokerSiteScout) dropped to 1636 peak players. That was down from 2024 a week prior on Aug 25. So, the immediate impact was a massive 19% drop. But if we look at how they’ve weathered the storm since then we see that a week after the Sept 1 whacking they were back up to 1924. Still short of their 2024 number but this was a 5% drop which is within the normal variance of most week over week numbers. Perhaps a more compelling story is that on Sept 11, Bodog posted peak numbers of 2474 which put them at a 22% increase from Sept 1. Of course, these are not like comparisons because we were comparing Sat to Sat numbers and now we’re comparing Sat to Tues numbers. In fact, if we go back to Aug 21st then Bodog had posted a 2535 peak which means overall Tues numbers are down instead of up. All in all though I think it demonstrates that Bodog has shown the ability to bounce back here. Wed, 29 Aug 2007 03:00:24 +0200 Many online gamblers tried to get to bodog today and noticed the site was down. At first people thought it was just a tech issue but news is spreading that they lost the domain. So in the meantime they have moved the site to New Bodog or newbodog.com.
Apparently some dude in the USA won a lawsuit and bodog was forced to pay 50 million. They refused to pay and today the winner of the lawsuit took it to enom and got the domain. What a joke! Here is news from www.shoemoney.com -------------------- Earlier today the Bodog website (bodog.com) went down. Many people thought it was just technical issues. A good friend inside Bodog pinged me and told me that the site was actually yanked out from under Bodog’s hands earlier today. Apparently, some guy in the US who was awarded a patent for something to do with taking bets online filed a lawsuit against Bodog awhile back. Bodog didn’t respond because they are not a US company. So a judge awarded a default judgment of 50 million. Yesterday, the guy with the judgment used it to seize control of Bodog’s domain names from Enom. Almost all of their sites are now offline, and now they are going to loose all of their SERPS. -------------------- http://www.pokerlistings.com/bodog-poker-temporarily-moves-to-new-home-17910 http://www.newbodog.com/about/why-newbodog-com.jsp I say screw it, play at pokerstars, over 100,000 players, best software and they ain't going anywhere. I think today will be the biggest day ever at pokerstars as they are already at 106,000 last time I checked! Here are some other links to articles and statements from the owners of bodog. More to come. Here are some other links as well Wed, 01 Aug 2007 15:57:02 +0200 The best place to play pocker online for Germans is either pockerstars or partypocker. You can also try pacificpocker. Pocker is actually poker but in some European countries they call it pocker. There are some good bonuses out there for deutsch players.
If you want a 100% deposit bonus at POCKER STARS then try this one or if your are thinking PARTY POCKER try this one. For all the German players out there I wish you the best. Thu, 24 May 2007 17:41:54 +0200 The WPT has gone out and got itself another knockout to continue their trend. The newest WPT Hostess is a British gal by the name of Layla Kayleigh. The World Poker Tour has gone through a number of fantastic looking ladies as they continue to try and find ways to increase the viewership. Poker is still doing alright in the tv ratings and as of late I have noticed a lot more poker being on tv again. Stay tuned for further updates in the poker world.
Wed, 16 May 2007 21:33:47 +0200 Another off beat post:
Check out how cool and user friendly the speech recognition feature is in Vista! This has the be faster then the old method of typing using a keyboard! Tue, 01 May 2007 20:25:30 +0200 Thu, 19 Apr 2007 17:02:40 +0200 Well we have heard the side of the story from Phil Ivey and Daniel Negreanu has written about Phil's side in his blog and now Ram Vaswani has come out and talked about his side of the story.
Here is a breakdown of what went down according to Ram Vaswani: - Ram says that when he spoke with Phil about the handicaps that would be used in the game Phil blatantly lied about where his skills were as a golfer... as he had obviously improved his game to a greater level. Vaswani feels that since he was provided with misleading information he should not have to pay a single dime of what Ivey ended up winning off of him. Ram felt that this was a game based on trust and friendship and he feels that he was cheated. Vaswani also says that Phil agreed that there relationship is definitely a friendship and that was discussed before they played the first hole. - At the start of the match the players were discussing how much money each hole would be worth. Ram Vaswani says that he wanted to play for $10,000 a hole and Phil Ivey wanted to play for more. The sides eventually agreed upon $20,000 a hole in singles play and doubles play. Late in the round they ended up playing $25,000 a hole. You must be pretty confident in your abilities to end up playing for that kind of cash. - The parties continued to play at these levels for the second day as well... but all the money was going to Ivey. Ram then noticed that his buddy Mark was getting real frustrated and Ram decided to take over Mark's bets and just play singles against Phil Ivey... ended up being for $50,000 a hole. Mark eventually walked off the golf course in disgust. Ram did go on to say that as gamblers they are always looking to raise the stakes and double up and that is what he was doing. - Ram also discussed why he didn't stop playing after the first day of golf when he lost $200,000. Ram states that he felt he played real poorly and that the other guys must have been playing pretty good so he thought to himself that if I play good tomorrow and those guys have a bad day then I can get it all back. What he didn't realize and he soon found out was that he did indeed play poorly on day one but so did the other guys as they came out the second day and played brilliantly. That is when Ram knew something shady was happening to him. Ram felt extremely cheated by what was going on and he felt that after he and Phil had a conversation about the shots that were given and the money that was owed Ram felt that he wouldn't have to pay a dime. - Phil Ivey did not want to here any of the cheating talk and wanted his money from Ram. The two did decide to set up a meeting where they would have arbitrators hear the situation and see what kind of a conclusion they could up with. The first meeting came when the poker players were in Monte Carlo. Phil Ivey showed up with Barry Greenstein and Martin De Knijff, who Ram felt were clearly on Ivey's side. The fourth person that was there for the arbitration was Richard Redmond who was a mutual friends and had played on the second day of the golf match. Vaswani says it didn't take long before they figured out that the handicaps were definitely off. From there , there was a discussion on finding out where the shots were missed and they would take that money off of the total amount owed to Ivey. Vaswani wanted no part of that because he felt if he was cheated at all he shouldn't owe a penny. There was a heated argument but because all the players were in Monte Carlo for a poker tournament the players would have to finish off there meeting at a different time because they had to go play some poker. - Because Ram was still in the poker tournament and Phil was knocked out of the tournament they would have to meet up at a later date. They decided they would speak again in April at the Bellagio to figure out the outcome. We will hear what went down at this meeting shortly. - All in all Ram Vaswani is sticking to his guns of not having to owe a penny because he does feel he was cheated and the game should be declared void. Stay tuned to see what happens next in the golf poker drama. Tue, 10 Apr 2007 20:35:58 +0200 Living in Canada I like to think that we are a pretty accepting country with a diverse culture. I was shocked at the below article from the Toronto Star When the new chocolate-coloured sofa set was delivered to her Brampton home, Doris Moore was stunned to see packing labels describing the shade as "Nigger-brown." She and husband Douglas purchased a sofa, loveseat and chair in dark brown leather last week from Vanaik Furniture and Mattress store on Dundas St. E. Moore, 30, who describes herself as an African-American born and raised in New York, said it was her 7-year-old daughter who pointed out the label just after delivery men from the Mississauga furniture store left. "She's very curious and she started reading the labels," Moore explained. "She said, `Mommy, what is nig ... ger brown?' I went over and just couldn't believe my eyes." She said yesterday each piece had a similar label affixed to the woven protective covering wrapped around the furniture. "In this day and age, that's totally unacceptable," Moore said. Douglas explained the origins of the word to daughter Olivia, telling how it was a bad name that blacks were called during the days of slavery in the United States. "It was tough, because she really didn't understand," Moore said. "She'd never heard that word before and didn't really understand the concept of it." Moore, who has a younger son and daughter, said she's heard the word used many times, although it has never been directed in anger at her. "But it's a very, very bad word that makes you feel degraded, like you're a nobody," she said. Moore said she called the furniture store the following day and three other times since, and feels discouraged that no one has returned her calls. When interviewed yesterday by the Star, Romesh Kumar, Vanaik's assistant manager, passed the buck to his supplier, Cosmos Furniture in Scarborough. "Why should I take the blame?" he said. "I'm a trader, I don't manufacture. I sell from 20 companies, maybe 50 companies. How can I take care of all of them?" He said that he would check similar stock and make sure other labels were removed. "That's terrible, that's a racial ... something?" Kumar said. "This is entirely wrong, but it's not my fault. It's my job to sell good product to people." He said the best he could do is to give Moore the telephone number of his supplier, so she could take it up with him. The owner of Cosmos Furniture, Paul Kumar, no relation to Romesh, said he was upset to learn packing labels on products he sold carried a racial epithet. "I import my products from overseas," he said. "I've never noticed anything like that. This is something new to me." He passed the blame to a Chinese company, but apologized for the labels. He said he would contact the furniture maker in Guangzhou and demand they remove all similar labels. Moore said she's not sure she wants the sofa set in her home. "Every time I sit on it, I'll think of that," she said. Tue, 10 Apr 2007 20:18:50 +0200 As I had previously mentioned in a post a little while ago about the golf match between Phil Ivey and Ram Vaswani things are starting to heat up pretty good between the two of them and there are a lot of poker message boards and blogs heating up with the news. As a little bit of a refresher Phil Ivey, Ram Vaswani and Clark Badmin were playing a high stakes golf match. Now Phil Ivey was definitely handing it to these two guys on the course, and they continued to lose hole after hole but the stakes were doubling every time. Before this match Phil Ivey had lost a match with these guys and he owed them around $300k, and yes he paid them all of it, the very next day.
Now comes this event.... When this match is all said and done Ivey is up $1.8 Million dollars off of these guys and then there was a heated exchange between the three of them, and how it ended up was Vaswani and Badmin claimed the match wasn't fair even though they continued to play double or nothing. Phil Ivey paid these guys the full amount when he lost to them and now they won't pay him his earnings. They haven't even paid Ivey the amount of money that he paid them when he lost. This will definitely not be the last that you will hear on this story as I'm sure when these guys run into one another at the poker tables something is going to go down. As professional gamblers these guys should know better than anyone about the risks involved and if you get in to deep you should just cut your losses and get out. These guys obviously did not think the match was too unfair as they proceded to continue to play double or nothing. Were these hustlers over confident in their own abilities or just dumb. I'll take the latter. Keep checkin out the PokerParty Blog for the latest rumors regarding this story and other poker gossip. Mon, 02 Apr 2007 00:25:11 +0200 It’s been a few months coming, but Poker Source Online is finally rolling out the next installment of its Poker League. While there have only been a handful, the leagues have been a great source of bonding for the PSO community. There exists amongst the PSO members this strange juxtaposition of support and competitiveness; while everyone loves to hop in PSO’s chat room or post in the message forum to trash talk, they also are great at cheering each other on.
Things like the leagues are what make PSO what it is. Customers come for the free gifts, but stay for the community. And there is usually something new and different with each league. In the first league back in the winter of 2004, PSO started the tradition of adding guaranteed money to the prize pool each week in the form of PSO points. In addition to the prizes at the end of the league, everybody who finished higher than PSO’s big boss also received a prize. From there, PSO held two leagues in the first half of 2005, pitting the United States versus Canada in a border war. Canada won the first one, but the U.S. regained supremacy in dominant fashion in the rematch. Hundreds of dollars worth of PSO points were awarded, as well as poker goodies. In 2006, PSO upped the ante, giving away $10,000 in prizes in the spring, including a seat in a preliminary event at the World Series of Poker. In the fall, the World Series was already over, so that prize wasn’t going to work, but $10,000 in total were still up for grabs, as well as a seat in Absolute Poker’s $100K guaranteed tournament. The PSO gang is at it again this spring, with thousands of dollars on the line each week. Oh, did anyone mention that it only costs $5.50 to play each week? Yeah, you’re not going to beat that. Visit http://www.pokersourceonline.com to sign up for the new league. Tue, 27 Mar 2007 19:45:55 +0200 Another off topic post!
In many suburban US neighborhoods once a year the families in the neighborhood shut down the streets and throw a party where the kids play in the streets while the adults feast on good food and have some drinks, usually ending the night with fireworks. In Brazil it is very similar; they shut down the streets, the kids play while the parents enjoy good food, drinks and MASSIVE AMOUNTS OF COCAINE and WEED! Warning, this video could be disturbing to some: According to sources this video is of the PCC Gang, one of the largest terrorist/criminal organizations in Brazil. The tape was found in a police blitz on one of the PCC Gang headquarters. Here is some more info on the PCC gang: http://en.wikipedia.org/wiki/Primeiro_Comando_da_Capital Tue, 27 Mar 2007 17:36:45 +0200 NETeller has officially pulled out of the Canadian and Turkish markets and they will no longer provide service to online gambling merchants in these territories. The canadian government did not provide any serious action whatsoever but NETeller still decided to pull the plug on dealing with online gambling merchants. This was announced yesterday and it is effective immediately. This is another big hit to the online gambling market and more importantly to the online poker world. It will be interesting to see what happens with this latest news hitting the online gambling industry and it is the first action taken to Canadian residents. Is this the beginning of the end we will soon find out?
Thu, 22 Mar 2007 19:54:32 +0100 I keep seeing ads on TV telling me to go to some weird URL like 27hbb.com or 16income.com. It got me to thinking, why use such a weird URL that’s so difficult to remember? I did some research on the company and FIGURED out what they are doing! Essentially they send the user to the same site BUT they use these messed up domain names to track how the ad campaign performs in each city…different domain for each city. I did a reverse look up and found over 1000 domains similar to the ones above. Here is a short list:
For a company to register so many domains and on top of that run these ads on TV, there must be some good money in this type of thing. Instead of buying their product people should just run similar ads! Tue, 06 Mar 2007 16:36:24 +0100 The former senator of New York has takin the leap to join the Poker Players Alliance and he will be the chairman and spokesperson and try and take aim at fighting the Unlawful Internet Gambling Enforcement Act. This is a great man to have lead the charge as he has never backed down from a fight and he is definitely passionate about this fight. Senator Al is already making his voice heard and with a few more outbursts like this one who knows how deep this will go. Here is a quote from Senator Al:
Is betting on horseracing any different than playing poker? Why is there a horseracing exemption and a lottery exemption but nothing for poker? Horseracing has a powerful lobbying group. That’s all. They have a voice. Poker needs a voice and a loud one.The poker players alliance is happy to have Senator Al lead the charge and he is presumably the voice that this organization has longed for and needed. He has arrived and it is time for him to make a stand in this ongoing fight. Senator Al has been to Washington to check out the scene as far as the government is concerned and he has also been to London to further educate himself on the UK online regulation. Senator Al also had this to say: I am pleased and privileged to be spokesperson for the PPA. The new legislation is like using a cannon to kill a gnat. Just like Prohibition, trying to tell 20-plus million poker players that they can’t play poker online, is not going to work.Senator Al is the voice that Poker Player's have been waiting for and we will see if he can make any advancements to this crazy situation. Stay tuned for more updates. Fri, 09 Feb 2007 10:03:42 +0100 The problems in online poker continue to circulate throughout the United States as it is being reported that Doyle Brunson has been taken into custody and has been placed under arrest. The charges and the actual arrest have not been made official as of yet. You can bet that this has to do with Doyle's association with online poker and the FBI continues to peg down all the big players in this industry. At this present time we only have the rumors that are floating , but rest assured as soon as something becomes official you will have all the information you will need right here. Stay tuned for more updates!
Tue, 10 Apr 2007 20:32:49 +0200 MORE UPDATES HERE
Well another week goes by and there are some more poker professionals makin noise. The latest rumor floatin across the world of poker is that it looks like Phil Ivey has been workin hard on his golf game when he is away from the poker tables. Phil Ivey set out for a big time money game against fellow poker professionals Ram Vaswani, Marc Goodwin, and Eric Sagstrom. As the story goes the poker pro's were on the first tee and they were asking Phil Ivey how he has been playing of late and Ivey responds with "I haven't been able to play too much of late because I have been tied up at the poker tables". So the group sets up the handicaps and they begin the round. Seven holes into the round two of the three players (Marc Goodwin and Eric Sagstrom) take off as they were down $450 thousand dollars each. These guys apparently were extremely upset and felt that they have just been hustled. Quick question here: If these guys were so willing to play for that kind of money don't you think they should have looked into Phil Ivey's game a little bit before they put the stakes on the line? If I'm playing for that kind of money I'm not just going to take a guys word that he has only played a handful of times. Isn't there a driving range at the course, maybe you watch the guy hit a few balls first and see where he is at. Also, with these guys making a game out of bluffing and being able to read their opponents maybe they should look in the mirrors and improve on those skills. Is it really Phil Ivey's fault that he goes out and works on his game as hard as he does at the poker tables? Ram Vaswani continued to play Phil Ivey on the course and when it was all said and done he owes Ivey $900 thousand dollars. These two have a pretty good relationship so they decided to work out a deal that would get Phil Ivey the money. Now, as far as Marc Goodwin and Eric Sagstrom are concerned they left infuriated and there will no doubt be some hard feelings towards one another the next time they run into each other at the poker tables. I see no problems at all with Phil Ivey taking these guys down that's for sure and maybe those guys will think twice before they take on a bet of this magnitude again. Whats worse losing the money or losing the money and leaving with your tails between your legs? MORE UPDATES HERE |
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