Quote:
Originally Posted by Triple A
So is Corgan trying to take Dixie's shares without really paying for them? Just on the contract "technicality" that they didn't repay him his loans on time, so he is automatically entitled to 92% or whatever without having to pay more money to "buy her out"?
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Pretty much since its going to be the only real way to oust Dixie from power considering every other attempt in the past never worked.
When Spike TV wanted to buy TNA to keep it on the channel, they wanted Dixie gone from power but she got Panda Energy to step in and demand she had to stay as the main owner. When TNA was trying to find new investors, they all wanted her gone or have majority ownership but she stubbornly refused.
With Corgan, she supposedly promised up to 30% in ownership but in reality was never going to give it to him at least in the way he expected. Big reason why he put the poison pill clause with the last funding negotiations.