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The Official RPC Showcase thread (5 Viewers)

RainmanTrail said:
'm a free market guy. I see nothing wrong with reselling whatever someone has at whatever prices the market dictates.
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Lets say I list a rack for $3500 in a dibs sale. Just for fun, let’s also assume these are super special chips (hence the price) and this is the first rack to hit the open market.

You “dibs” said rack in the public listing. Just for shits and giggles, let’s say you and I are buddies and I actually sell you the chips for $1000, if at all. (But that part is never disclosed)

In this scenario, by your logic - the market has “set” a price/fair mkt value of $3,500 for these.

Did I understand that right?:ROFL: :ROFLMAO:

I swear sometimes people just make my head hurt- lol.
 
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I am a little amused… not going to lie
I can understand the frustration, from both ends… personally I’d have a different design & would prob re-label them but that’s me.
Def will continue watching this thread
 

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Budha said:
Lets say I list a rack for $3500 in a dibs sale. Just for fun, let’s also assume these are super special chips (hence the price) and this is the first rack to hit the open market.

You “dibs” said rack in the public listing. Just for shits and giggles, let’s say you and I are buddies and I actually sell you the chips for $1000, if at all. (But that part is never disclosed)

In this scenario, by your logic - the market has “set” a price/fair mkt value of $3,500 for these.

Did I understand that right?:ROFL: :ROFLMAO:

I swear sometimes people just make my head hurt- lol.
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I guess that would be market value, not fair market value?
 
upNdown said:
I guess that would be market value, not fair market value?
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I think target price, initial offering, or even MSRP would work. I’d be fine with that - lol.

The term market value assumes some rational valuation has occurred.
 
Goldfish said:
Just out of curiosity, how many fantasy chips does one have to purchase before he/she gets a golden ticket to the inner circle…… asking for a friend…..
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If you don't know the answer to this is infinity, I don't know what else to tell you. This "Buy from GPI & re-sell to PCF" is now a massively lucrative business, and YOU are the customer. This is like going up to the owner of any business and asking him "Hey, let me in your ownership group and let me get a piece of your profits." Why in the world would they do that? If you are not currently in this inner circle, there is zero chance you're getting in.

I see these posts elsewhere saying "please let me in the NAGB i have money" and it's mindblowingly dumb. If you indeed have the money -- great, these guys will now reach out to you as as a potential customer after the NAGB is done. There will never be a case where you are allowed as a participant to get them at cost. I guess if you're willing to pay the organizers more than what the market value of the chips will be, then sure. But of course the people begging this way aren't saying that.

One more thing: the boats will keep on arriving. There are probably several more already on the way. Where there is profit there is a way, and I look forward to seeing the new chips, and hopefully for the market price to converge somewhat close to the cost from GPI.
 
Budha said:
Lets say I list a rack for $3500 in a dibs sale. Just for fun, let’s also assume these are super special chips (hence the price) and this is the first rack to hit the open market.

You “dibs” said rack in the public listing. Just for shits and giggles, let’s say you and I are buddies and I actually sell you the chips for $1000, if at all. (But that part is never disclosed)

In this scenario, by your logic - the market has “set” a price/fair mkt value of $3,500 for these.

Did I understand that right?:ROFL: :ROFLMAO:

I swear sometimes people just make my head hurt- lol.
Click to expand...
You put something up for auction, whatever it sells at is the current market value.

The going rate for those chips in the market.

If you list them for more and they sell, that's the new market value.

Chip stonks 101.
 
redwine said:
If you don't know the answer to this is infinity, I don't know what else to tell you. This "Buy from GPI & re-sell to PCF" is now a massively lucrative business, and YOU are the customer. This is like going up to the owner of any business and asking him "Hey, let me in your ownership group and let me get a piece of your profits." Why in the world would they do that? If you are not currently in this inner circle, there is zero chance you're getting in.

I see these posts elsewhere saying "please let me in the NAGB i have money" and it's mindblowingly dumb. If you indeed have the money -- great, these guys will now reach out to you as as a potential customer after the NAGB is done. There will never be a case where you are allowed as a participant to get them at cost. I guess if you're willing to pay the organizers more than what the market value of the chips will be, then sure. But of course the people begging this way aren't saying that.

One more thing: the boats will keep on arriving. There are probably several more already on the way. Where there is profit there is a way, and I look forward to seeing the new chips, and hopefully for the market price to converge somewhat close to the cost from GPI.
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Well, there u have it. Just when I thought I was getting close, I am denied access to the cool kid club!!

Btw, a simple :ROFL: :ROFLMAO: would have been sufficient (and all I was after). @Josh Kifer explain to this guy how we like to make jokes.
 
redwine said:
If you don't know the answer to this is infinity, I don't know what else to tell you. This "Buy from GPI & re-sell to PCF" is now a massively lucrative business, and YOU are the customer. This is like going up to the owner of any business and asking him "Hey, let me in your ownership group and let me get a piece of your profits." Why in the world would they do that? If you are not currently in this inner circle, there is zero chance you're getting in.

I see these posts elsewhere saying "please let me in the NAGB i have money" and it's mindblowingly dumb. If you indeed have the money -- great, these guys will now reach out to you as as a potential customer after the NAGB is done. There will never be a case where you are allowed as a participant to get them at cost. I guess if you're willing to pay the organizers more than what the market value of the chips will be, then sure. But of course the people begging this way aren't saying that.

One more thing: the boats will keep on arriving. There are probably several more already on the way. Where there is profit there is a way, and I look forward to seeing the new chips, and hopefully for the market price to converge somewhat close to the cost from GPI.
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So your saying they pulled this hood over gpi in multiple buys at once not just a single one. So whoever there contact was allowed them to push multiple major orders through.
 
The Nuts said:
You put something up for auction, whatever it sells at is the current market value.

The going rate for those chips in the market.

If you list them for more and they sell, that's the new market value.

Chip stonks 101.
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Generally speaking, that is a fair assumption. Generally speaking that is not what is occurring - lol.

Your solution also assumes you have transparency into the price actually paid. And Therein lies the rub..
 
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facinfears217 said:
So your saying they pulled this hood over gpi in multiple buys at once not just a single one. So whoever there contact was allowed them to push multiple major orders through.
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I don't know anything about this buy or the people who ran it.

I do know that where there is money on the line, people will find a way. Buy a cheap casino, bribe casinos, bribe GPI salesmen, whatever. I would bet a lot of money this is not the last NAGB. Think about it, you and your crew are about to pull in a million$ through this heist. You're just gonna stop?
 
Budha said:
Generally speaking, that is a fair assumption. Generally speaking that is not what is occurring - lol.

Your solution also assumes you have transparency into the price actually paid. And Therein lies the rub..
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Are you making an assumption yourself, or do you know this sort of market price manipulation is actually happening?
 
Makes me want to stop being on this forum. Pathetic. Those that did this knew full well the fur would fly based on the feelings from the first NAGB but chose to separate themselves from the rest of us who knows why, but that’s ok. But why rub everyone’s nose in it. Take your chips and please stop antagonizing the rest of us then laughing in our face just because you chose to exclude us. It’s ok, I was also left out of the first buy and lived through it just let’s move on and let the inevitable profit taking begin. Just don’t act like you didn’t think this shit wouldn’t happen. Of course it would. Get a fucking clue, we aren’t stupid.
 
I highly doubt anyone's getting fired over sets periodically leaking out into the non-industry markets. This is by far the best thread i've followed in forever on PCF. I'm surprised I wasn't on the exit strategy list myself I mean I've offered up $7/chip for pcrs and paid $13/chip for btp. I'm sure my chipping behavior, insofar as i have paid probably 15-20% more on average than what smarter chippers would have paid, has affected what seems "market" or even fair but my only regret is that it threw fuel on the already hot market. what can I say i bought compulsively for a good chunk of time before I actually started playing poker again. I guess my advice to the sellers would be to probably market at a price where it seems like a buyer could make a tiny flip right away, rather than so high you'd have to wait a year for even a chance at getting your money back. don't get me wrong, i'd love a set of these but the prices i've heard and the odd preferred pricing makes me a bit hesitant to let myself get fleeced for even more than i'd usually let myself.
 
Budha said:
I don’t think it’s much of a stretch - lol
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No, not at all. But I would suggest that anybody who has direct knowledge of this actually happening, has a duty to inform the community. Well, duty might be a strong word. Should. If somebody knows of this actually happening, they should expose the scam!
 
cgpilot said:
Wasn’t here for the first NAGB. Is this (actions/reactions) pretty much all the same the second time around?
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Not exactly. There were a lot of bruised feelings as a result of the boat buys and BTPs, but the difference between those two buys and the two most recent buys (Sunset Beach and RCP) is that the boat/BTP buys were not run solely for profit by the organizer(s).
 

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