In a public statement issued on PokerNews Full Tilt Poker commented officially for the first time the State of its ongoing negotiations with potential private investors. In addition, the company apologizes for its silence latter with a brief explanation for this.Since the events due Black Friday, Full Tilt Poker had been remarkably quiet. They then fled in a silence of the most comprehensive since the suspension of their licence by the AGCC.
The official release is as follows:
Dublin, Ireland (August 22, 2011) -. "On 16 August, the Irish company Pocket Kings Ltd., operator of Full Tilt Poker Online poker site, concluded the period of exclusivity of negotiations with a potential investor. Although Pocket Kings Ltd. continues to discuss with this investor, the company has now entered into negotiations with other potential investors to conclude the sale or partnership of Full Tilt Poker and its assets.
Full Tilt Poker apologizes for his lack of communication over the past month and a half with its customers, but the site has been faced with unexpected and complex legal and financial problems arising from the consequences of the events of Black Friday. In addition, the company had to be discreet about the State of progress of the negotiations with potential investors, because there was often the requirement of a confidentiality clause.
Insofar as this can be done without compromising the future opportunities, Full Tilt Poker will now seek to have better communication with its customers. "Priority number one Full Tilt Poker remains the same: ensure a sufficient capital inflows to repay its customers around the world."
On the one hand, the news is both good and bad: Finally, Full Tilt Poker comes out of its silence and finally gives news of the situation. Another, the negotiations do not appear to have advanced only hope and negotiations with the original investor group appears at an impasse since Full Tilt Poker is now in discussions with other groups since the end of this period of exclusivity.
As always, PokerCollectif will keep you informed of new information related to this situation! In the meantime, discuss this official release on the forum by clicking the following link: official Full Tilt Poker release
