FossilMan 2019 Package
Thanks for reading my offer for staking for 2019. The structure of this package is similar to what I’ve put forward in previous years, so please read carefully, make sure you understand, and ask questions if you’re not sure.
I would like to raise a bankroll of at least $60K, and preferably a good bit more. Shares will be sold at a price of $500 per unit to private investors. I will also be selling action on YouStake.com, where investors may buy into this deal for a lot less than $500. I will be buying at least 20 shares myself. Also, no expenses will be deducted from the bankroll, and are entirely up to me to pay myself. Many of my expenses are comped anyway, and it would be a huge inconvenience to have to keep the records as to which expenses were comped, and which should come out of the bankroll. I don’t want to hassle with things like if I should have chosen a less expensive flight, hotel, or meal. Investors will be able to participate in tournaments and cash games played around the country at no extra expense above the buy-in.
As the player, on the upside, I will receive 40% of the net profit. That is, if we win, I get 40% of the profit as the player, and the investors (including me) will split the 60% evenly according to what percentage of the bankroll we each contributed. If we lose, all investors will lose equally according to the percentage of the bankroll we each contributed. Also, I am covering all travel expenses and such, and these costs are NOT being deducted from the bankroll, as discussed below. This also adds to the justification for my share on the winning side being 40%. I just finished a profitable package for the last 4.5 months of 2018, and my share on the winning side was 30%, so those of you who were part of that might be asking why is it now 40%? For the full-year packages I have sold in the past, my winning share was at 40%. I set the last package at 30% because it was for only about 3/8th of the year, and as such a smaller percentage was reasonable. For a winning player, the more hours/events played, the higher the likelihood of a net profit, and the less risk for the investor. If the investor is taking less risk, then it seems fair that the player get a higher cut, and vice versa.
At the end of the year, investors will be paid right away according to the results achieved. If we are ahead, you will have your entire investment returned, plus your share of the profits. If we are behind, you will have the remaining portion of your investment returned, if any.
I will be emailing a report to the investors several times throughout the year, with results as well as stories and hand histories from the games I competed in. In the investment deal I had from 2002-04, leading up to my Main Event win, the investors were all very happy with the final result, as you would imagine. However, many of them later told me that even though I had been winning for them throughout that period, the main reason they continued their investment was the fact that they really enjoyed the regular email reports. While I can’t promise anything, I will try to make them fact-filled and entertaining.
You will be able to follow my progress on Twitter at www.twitter.com/FossilMan. I will let you know before we begin where we are at in terms of starting bankroll for the package, and where we stand in terms of amounts spent and amounts left in the package throughout the summer.
Thanks for your consideration!
Greg Raymer (FossilMan)
Events: 1, Did not Play 0, Played: 0, Remaining: 1
|Package Winnings and Refunds|
|2019 Greg Raymer Yearly Bankroll|
|Jan 10, 2019||2019 Greg Raymer Bankroll||$7,500.00|
|Play: TBD, Winnings: TBD when event results are known,In progess, ends in 225 days|
|John Van Arnam||~0.33%||Jan 01, 2019||None||Paid|
|EelRedJet||~0.36%||Jan 01, 2019||None||Paid|
|LukasVan Schaik||1.32%||Jan 01, 2019||None||Paid|
|JrJoe47||~2%||Jan 01, 2019||None||Paid|
|Anonymous||~8%||Jan 02, 2019||None||Paid|
|MattDobson||0.44%||Jan 02, 2019||None||Paid|
|Lonnie Johnson||~17.33%||Jan 02, 2019||None||Paid|
|Cephor||~0.27%||Jan 02, 2019||None||Paid|
|Garry Bliesner||~2%||Jan 03, 2019||None||Paid|
|Anonymous||~3.07%||Jan 03, 2019||None||Paid|
|JSLeonard||~16%||Jan 04, 2019||None||Paid|
|Catfish||~1.24%||Jan 05, 2019||None||Paid|
|John Spagnuolo||~2%||Jan 05, 2019||None||Paid|
|John Freemon||~4%||Jan 05, 2019||None||Paid|
|nate110||~0.55%||Jan 05, 2019||None||Paid|
|ToddPennington||~0.67%||Jan 05, 2019||None||Paid|
|Anonymous||~0.53%||Jan 05, 2019||None||Paid|
|Anonymous||~8%||Jan 05, 2019||None||Paid|
|Plutarch||~4%||Jan 06, 2019||None||Paid|
|John Van Arnam||~0.27%||Jan 06, 2019||None||Paid|
|DlxSami||~6%||Jan 06, 2019||None||Paid|
|SilvioSteenbergen||~0.35%||Jan 06, 2019||None||Paid|
|Robert Coots||~2%||Jan 07, 2019||None||Paid|
|BEANO52||~1.07%||Jan 07, 2019||None||Paid|
|Daniel Weine||~2.62%||Jan 08, 2019||None||Paid|
|GeorgeChampey||~8%||Jan 08, 2019||None||Paid|
|Jeremy||~0.67%||Jan 09, 2019||None||Paid|
|Christopher Pack||~2%||Jan 09, 2019||None||Paid|
|Anonymous||~2%||Jan 09, 2019||None||Paid|
|Anonymous||~0.27%||Jan 10, 2019||None||Paid|
|SteelerLand58||~2.65%||Jan 13, 2019||None||Paid|
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