As their postponed date with the Alderney Gambling Control Commission draws ever nearer, us poker sites Full Tilt Poker have released another statement. In the midst of upbeat language, it contains dire messages about the financial stability of the company.

After recapping the actions of Black Friday and the subsequent suspension of their license by the AGCC, the press release moves on to assess the site's monetary situation. The focus is on Pocket Kings, the Ireland-based company responsible for the software and marketing of Full Tilt Poker.

After restructuring their management team, the company brought in Sea Port Group Securities, LLC to conduct a thorough audit of the company's cash flow problems. The press release reveals that Pocket Kings "need to reduce their costs by approximately €12 million," in order to stay afloat.

This could mean the severance of around 250 jobs, alongside a series of harsh cost cutting measures. Although they maintain that, "the exact number [of redundancies] cannot be confirmed until the conclusion of a consultation process with its workforce."

Full Tilt are also bullish about their prospects outside the United States. Long time rivals PokerStars were able to pay off their American customers and have held on to the their spot as the biggest site in the world, despite the actions of the U.S. Department of Justice. Meanwhile smaller sites like the doyles room download have been able to remain active in the States.

"Pocket Kings firmly believes it has a very strong future in Full Tilt Poker's non-U. S. markets, and is fully committed to ensuring Full Tilt Poker restores the site and repay players in full," reads the press release.

Sea Port Group Securities are also on board to help the online poker site find the funding they sorely need to continue their operation. As has been the case for months, Full Tilt claim that they are, "in active discussions with several parties and will provide a further statement in due course."

The original AGCC hearing on their suspended operating license was postponed in order that Full Tilt could have extra time to find a buyer. Over a month has passed without any public progress, which may lead Alderney to take a dimmer of view of any more stalling tactics when the hearing reconvenes on March 19th.

Full Tilt and Alderney have come under fire for not ensuring that player deposits were ring fenced from operating assets. Top texas holdem sites registered in the Isle of Man, such as PokerStars, were forced by regulators to have the cash to pay back their customers. Without this protection, Full Tilt report that the money taken by the DoJ, added to the $160 million they claim was stolen by a payment processor, has left them without the money required to refund angry customers.