When did this community become so ??? (1 Viewer)

[GIANTDustySquid]

Well, that's a theory I guess, but one that doesn't hold true by my personal observation. The vast majority of the participants in the star chip purchase never stopped buying and selling non-star chips, and continue to do so to this day. Having access to nice chips has never stopped any serious chipper I know from buying even ~more~ nice chips. At some point some chippers might reach a saturation point, I suppose..... but even most of those are merely temporary stopping points. People's taste change, there is the challenge of the hunt, and a variety of other reasons that people acquire (or attempt to acquire) chips.... and more chips.... and even more chips.....

Of course not... why would anyone who could buy tons of valuable chips at a minimal price - therefore owning a massive value of chips for fraction of the cost of what they’re worth on the secondary market - ever quit selling and trading in other chips they want when they currently own a goldmine of profit. Anyone who took part in the GB could easily sell off their chips at any point down the road and not go broke from market change. Can’t same the same for those who were the victims of massive sales of other chips immediately prior to the GB becoming public.

I’m sure these massive sales by @BGinGA had nothing to do with the GB about to become public knowledge....

LOL

https://www.pokerchipforum.com/threads/paulson-chips-blowout-sale.25929/

https://www.pokerchipforum.com/threads/paulson-chips-thc-mold-and-more.25966/

https://www.pokerchipforum.com/threads/sale-3-acf-lecoves-dunes-and-more.26025/

 

[Meddler2]

Correct, that's not an accurate overall chip quantity count, and also doesn't include other items such as racks and dealer buttons.

GPI required orders to be paid in full prior to starting production. I don't think a 50% deposit would make any difference in straying from company policy.

300k was the number thrown around by a few people across multiple threads and forums. So order was > 300k <10million.
So the question then becomes would they really dismiss a non-casino order even if the buyer(s) were able to prepay 100%? Surely everybody has a number...even GPI. But I'm sure that has been tried.

 

[Poker Zombie]

Of course not... why would anyone who could buy tons of valuable chips at a minimal price - therefore owning a massive value of chips for fraction of the cost of what they’re worth on the secondary market - ever quit selling and trading in other chips they want when they currently own a goldmine of profit. Anyone who took part in the GB could easily sell off their chips at any point down the road and not go broke from market change. Can’t same the same for those who were the victims of massive sales of other chips immediately prior to the GB becoming public.

I’m sure these massive sales by @BGinGA had nothing to do with the GB about to become public knowledge....

LOL

https://www.pokerchipforum.com/threads/paulson-chips-blowout-sale.25929/

https://www.pokerchipforum.com/threads/paulson-chips-thc-mold-and-more.25966/

https://www.pokerchipforum.com/threads/sale-3-acf-lecoves-dunes-and-more.26025/

If BG knew the venture was about to go public, I would never play cards with him again. He would be certifiably psychic.

There was a plan for a 3rd boat with Paulson oversized chips. It was unexpectedly, and abruptly terminated. If anything, he might have been selling parts of his collection to finance his share of the 3rd boat, and therefore selling below cost.

"Oh, woe is me, I got chips that I wanted for a discount price, so someone else gould get bupkis"

 

[Poker Zombie]

Oh more tidbits previously unknown.

There are a lot of tidbits unknown.

There is another member on the forum that has access to invoices from Paulson. Invoices not related to the Boat chips. I don't think he has disclosed all the information - nor would I expect him to. That's how business works.

Yes it's a business.

It's also nonyas business.

 

[FDLmold]

 

[Trihonda]

... at some point people need to look inside and ask if the conversation, "barb", or point you are trying to make is healing or hurting. Does it move us forward or backward?

....for those who were the victims of massive sales

Now there’s a loaded statement...

Don’t pick the scab... pretty please.

I know you’ve been one of the most vocally upset over the Star Chips... and I can only fathom a guess at how much more upset you’d have been had this all happened while you were a member here. I certainly can’t tell you how you should feel, and I hope you find some peace or some way to move past this.

 

[nezara]

Don't understand your need or expectation for transparency regarding a private project of which you had no part, but whatever.

Up to individual participants to identify themselves if so desired. Not anybody's place or right to produce a list.

Zero possibility for new star chip orders or reorders, due to the undermining actions of people outside of the project. That ship has sailed.

If there's no new orders then, I don't have any interest in the participants. I was only interested in that to see selling activity.

That's a shame no re-orders - I always figured these chips would at some point completely flood the market because reorders would start happening and the inner circle would expand.


I appreciate the response

 

[Meddler2]

Thanks for clarifying some of it, but did they lie to Paulson or not ?

Yes. Regardless of how anybody tries to spin it, they misrepresented who they were by providing enough false evidence to a GPI distributor to get the order fulfiled. Much of the original purchase thread discussion has been removed or deleted for obvious reasons.

 

[superchromix]

If BG knew the venture was about to go public, I would never play cards with him again. He would be certifiably psychic.

To be fair, as I understand it there was an official date at which it was planned to make the existence of the boat chips public, and to begin to sell them on the open market. However I would not point at specific sales and say they were related to this in any way, because that would just be guesswork.

 

[Poker Zombie]

To be fair, as I understand it there was an official date at which it was planned to make the existence of the boat chips public, and to begin to sell them on the open market.

This is a far more black and white picture than anything in the venture ever was. The whole thing was very organic. It changed and morphed. It was one boat, with one Paulson set and one Bud Jones set. It changed. It changed again. It changed again. Dates moved from 3 years to 2 years, then less.

There were discussions about boat manufacturers/used boats. Discussions about ports. Discussions about legal gambling in international waters. There was a lot discussed, but all anyone hears is "they got chips". It wasn't one thread of discussion. There was probably as much bantered around as there is in any business, perhaps more.

In the end, everything came crashing down to an abrupt end because someone threatened to claim that it was fraud. While this would have been pure slander, it was a possible legal battle that nobody wanted to risk, because corporate lawyers aren't free.

Now, 9 months later people are once again pusing, like imbeciles, to see if they can turn this into a legal dispute.

It was a business.
The business failed.
Investors were returned a portion of the assets.

 

[BGinGA]

Thanks for clarifying some of it, but did they lie to Paulson or not ?

Paulson hasn't been a company for around 15 years -- GPI now produces gaming chips and related materials under the Paulson brand (along with several other brands, including but not limited to B&G, Bud Jones, Gemaco, Blue Chip, and Dolphin).

The project participants had no direct contact with GPI, nor did they have any working knowledge of the specific dealings between the two corporations involved. Only the representatives of those companies would know specifically what was discussed and/or communicated, and not surprisingly, none are talking.

So my best guess answer is no. Personally, I had no contact with GPI whatsoever, hence no lies on my part.

One of GPI's policies that is publicly known is that they do not sell chips intended for private use. That "goal" was certainly not in alignment under this deal.

That's not entirely true. They have produced chips for private use in the past (Wynn charity chips and the more recent Colombani chips come to mind, but there are others). I have not seen written documentation, but my understanding of their internal policy is that they will not sell to individuals, regardless of intended use.

Of course not... why would anyone who could buy tons of valuable chips at a minimal price - therefore owning a massive value of chips for fraction of the cost of what they’re worth on the secondary market - ever quit selling and trading in other chips they want when they currently own a goldmine of profit. Anyone who took part in the GB could easily sell off their chips at any point down the road and not go broke from market change. Can’t same the same for those who were the victims of massive sales of other chips immediately prior to the GB becoming public.

I’m sure these massive sales by @BGinGA had nothing to do with the GB about to become public knowledge....

LOL

https://www.pokerchipforum.com/threads/paulson-chips-blowout-sale.25929/

https://www.pokerchipforum.com/threads/paulson-chips-thc-mold-and-more.25966/

https://www.pokerchipforum.com/threads/sale-3-acf-lecoves-dunes-and-more.26025/

LOL, and the squid is back.

Pretty common knowledge that those sales were triggered by my need to fund a new $6500 engine for the family van. And I doubt that any of the folks who purchased chips from me consider themselves victims. Apart from making absolutely no sense, your post is still pretty funny.

300k was the number thrown around by a few people across multiple threads and forums. So order was > 300k <10million.
So the question then becomes would they really dismiss a non-casino order even if the buyer(s) were able to prepay 100%? Surely everybody has a number...even GPI. But I'm sure that has been tried.

>300k is correct, but your ceiling number might be on the large side.

As posted elsewhere, multiple times: roughly 95,000 ES chips, 205,000 AS chips, and an unknown number of PS chips (estimated at 15,000 or less), plus 50mm dealer buttons and Paulson chip trays.

Dunno if they have a magic number or not, but yeah, it's been tried. Many times. By many people. Only two successful ventures to my knowledge, and both were private investment projects (not public group buys).

 

[Josh Kifer]

Lol

This again. Heck, I think the entire thing was total bullcrap and people defending it are wrong... But Jesus... Get over it. It's happened, it's over, it's not changing, it's time to buy more chips. I'll never be able to afford the hot stamped tourney star set. It's okay... Ill survive.

We all have different opinions, but beating the horse isn't changing anything. I just wish these chips would go away honestly.

 

[Pete]

As posted elsewhere, multiple times: roughly 95,000 ES chips, 205,000 AS chips, and an unknown number of PS chips (estimated at 15,000 or less), plus 50mm dealer buttons and Paulson chip trays.

Man those Princess Star Buds are soooooo sexy. Of all the boat chips, I lust after those the most.

 

[glom]

The transaction was conducted between two corporations. Unless specifically set up as non-profit entities, it is my understanding that all corporations are designed and established to make a profit. When the goals of two separate corporations align and specific terms are agreed upon, they conduct business together. That's what happened here.

My question boils down to this: did the group buyers falsely represent their intention in entering this agreement? Was there a material misrepresentation of their business?

 

[Burke]

Paul, how's your family? Good to have ya back. Everytime I see @k9dr's amazing GOT set I think of you.

 

[BGinGA]

My question boils down to this: did the group buyers falsely represent their intention in entering this agreement? Was there a material misrepresentation of their business?

Already addressed. Keep reading.

 

[glom]

Already addressed. Keep reading.

You got that one on the nose. Your post was at the end of the page and. I didn’t see the additional page.

 

[stocky]

Paul, how's your family? Good to have ya back. Everytime I see @k9dr's amazing GOT set I think of you.

Great thanks. The wife and I have started our own business. And the kids are driving me nuts. So couldn’t be better

 

[Poker Zombie]

Great thanks. The wife and I have started our own business. And the kids are driving me nuts. So couldn’t be better

I'm just happy you're still here after the past 9 pages of whining.

I hope @k9dr brings 1 or more of the GoT chips to the Iceland. Getting a pic of one of those chips in one of the locations that it was filmed would be priceless.

 

[Poker Zombie]

I was planning some sort of give-a-way when I hit 10,000 likes. This thread is going to get me there much quicker than I thought.

What do people want?

Maybe this should be a different thread.
It's about love for the community, and there are those that just want to hate.

 

[Jonesey07]

I was planning some sort of give-a-way when I hit 10,000 likes. This thread is going to get me there much quicker than I thought.

What do people want?

Maybe this should be a different thread.
It's about love for the community, and there are those that just want to hate.

Paulson boat chip set seems appropriate.

 

[Perthmike]

I was planning some sort of give-a-way when I hit 10,000 likes. This thread is going to get me there much quicker than I thought.

What do people want?

Maybe this should be a different thread.
It's about love for the community, and there are those that just want to hate.

I just want my scandia $1s to arrive in the mail and for this thread to die a quick death.

 

[Poker Zombie]

If I had a Scandia $1...

 

[pltrgyst]

I just want my scandia $1s to arrive in the mail and for this thread to die a quick death.

If you don't click on it, I'm pretty sure the thread won't leap out of the computer and attack your eyeballs.

 

[Perthmike]

If you don't click on it, I'm pretty sure the thread won't leap out of the computer and attack your eyeballs.

It doesn’t hurt my eyeballs and to be fair I haven’t read hardly any of it for days. I just keep seeing it on the latest posts section.

I don’t need to read it to realise that its a shit fight that is simply rehashing the same pointless arguments.

Content is down this past year, that’s all I care about. I’m just a chip addict that likes to interact on this forum and all of the negativity reduces the usefulness of my regular refreshes because there is less new content for me to look at and pitch in on.

 

[MacGrad]

"According to the legend, if you log into a forum and type the name 'Empress Star' 5 times, they will appear behind you and rehash arguments that give life to a dispute that should have ended months ago..."

 

[Trihonda]

"According to the legend, if you log into a forum and type the name 'Empress Star' 5 times....

 

[ssanel54]

The project participants had no direct contact with GPI, nor did they have any working knowledge of the specific dealings between the two corporations involved. Only the representatives of those companies would know specifically what was discussed and/or communicated, and not surprisingly, none are talking.

So my best guess answer is no. Personally, I had no contact with GPI whatsoever, hence no lies on my part.

Dave, can you please clarify this? All of the pricing and policy information that you have presented as factual - was that all based off of dealings with a reseller, or did you Actually see GPI invoices? This could explain some of the pricing discrepancies. If theres a middle man involved, you know they need to make a profit.

 

[BGinGA]

Dave, can you please clarify this? All of the pricing and policy information that you have presented as factual - was that all based off of dealings with a reseller, or did you Actually see GPI invoices? This could explain some of the pricing discrepancies. If theres a middle man involved, you know they need to make a profit.

Actual invoices were shared with project participants.

 

[glom]

Actual invoices were shared with project participants.

And there was no danger of them being photoshopped?