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Old 10-19-2016, 04:29 PM   #921
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Quote:
Originally Posted by The CyNick View Post
WWE will eventually own the library.
If theyve sold portions out already itsvery doutbful they would want it
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Old 10-19-2016, 04:48 PM   #922
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They're the only ones who can monetize it properly.
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Old 10-19-2016, 04:50 PM   #923
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Quote:
Originally Posted by Destor View Post
If theyve sold portions out already itsvery doutbful they would want it
They'll get it all eventually.
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Old 10-19-2016, 04:54 PM   #924
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Hmm I wonder if I can buy some of the video library.
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Old 10-19-2016, 05:40 PM   #925
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TNA hearing is delayed until next week, looks like Fight Network are offering money to pay Corgan back and then run new shows.

TNA will not die.
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Old 10-21-2016, 10:15 PM   #926
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Quote:
Originally Posted by Observer
PWInsider has reported that the Billy Corgan lawsuit against TNA will be unsealed on Tuesday, however, they are rewriting the complaint to remove sensitive material Corgan didn't want out (which is why it was sealed in the first place) before the release. However, that means the lawsuit hasn't been dropped even though Fight Network was willing to pay Corgan off his investment money.

According to the Observer, its actually possible to point to the date when everything went downhill for TNA in regards to their current crisis.
Quote:
Originally Posted by Observer
Just five years ago, TNA’s total revenue, largely due to Spike, was multiples of New Japan Pro Wrestling.

Since then, each company went in opposite directions. One created stars and put on great shows even with a major television handicap of a horrible time slot. The other squandered talent and did angles that nobody bought, thinking it was the only way, and made no stars. New Japan is now multiple times ahead of TNA, even in the United States where New Japan’s audience, when you factor in the homes available, is roughly identical to that of TNA -- even on a far worse television night and airing matches ten months old.

In fact, TNA was even able to be profitable for a time, although it overextended itself in 2010 when trying to directly challenge WWE, signing Hulk Hogan, Ric Flair, Mick Foley, Eric Bischoff, Kevin Nash, Jeff Hardy, and Rob Van Dam, and moving to Monday nights. The second Monday Night War was hardly like the first one. Instead of a legendary conflict, it was pro wrestling’s equivalent to the 1967 Six Day War, a quick and painful one-sided massacre.

A mistake was made right off the bat as instead of starting one hour earlier in a move that would give TNA the edge, Bischoff made the call to go head-to-head. That may have ended up making no difference in the long run as they did switch time slots weeks later, but that didn’t work out either and they were quickly off Mondays.

The other killer financially was a move that seemingly had to be made: moving out of Orlando and touring arenas for television tapings although they couldn’t make it work fiscally,

TNA is still alive today, although it is in intensive care and the pulse is weakening. The health issues may date back to that period mentioned above, but the critical condition dates back to July 15, 2014."
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Old 10-22-2016, 04:02 PM   #927
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Lol typical BS writing from The Obsever. It boggles my mind that anyone subscribes.

What usually gets lots on the wrestling "journalists" is that it is basically impossible to be successful nationally at sports entertainment if you are not WWE. Same reason that no leagues try to do pro football in the US that are not the NFL. Dave and those guys are still stuck in the territory days when you had multiple companies carving out a territory and having moderate success. WWE is all a fan of sports entertainment needs. There isn't this glut of fans just waiting for an alternative to WWE to show up.

That said, I applaud TNA for at least trying to compete with WWE. Did it work out? No. But not for the reasons Dave listed. You need stars to attract an audience. You can't just rely on indy guys nobody has heard of to carry a company to WWE heights. As for the head to head debate, well it worked for Nitro, so why not try it again? I don't know exactly why TNA has failed because Ive never worked there. But when you hear people talk who were in the upper management it sounds like Dixie was in over her head. She didn't have the drive of a Vince McMahon.

Its been basically 20 years since Eric Bischoff become the only person to have success against Vince. That was on the back of a company that had decades of history and some of the biggest current stars of the era. It's hard to imagine any company would have success against WWE in modern times. The best you can hope for is to maintain a small following and break even.
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Old 10-22-2016, 05:07 PM   #928
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Arena football is in the US. Vince attempted to compete with the NFL also.
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Old 10-22-2016, 05:32 PM   #929
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Yo is Hell In the Cell this week?
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Old 10-22-2016, 05:33 PM   #930
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next week
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Old 10-22-2016, 05:55 PM   #931
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I think you can have two thriving companies in the US. TNA made a fuck ton of mistakes and too many blind risks. They've had a shit ton of talent run thru there. They were just mismanaged.

It doesn't mean they could've reached the heights of WWE. But they could've been a profitable number 2.
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Old 10-22-2016, 06:45 PM   #932
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Quote:
Originally Posted by Ruien View Post
Arena football is in the US. Vince attempted to compete with the NFL also.
Who watches arena football, though? Can you tell me any team names or key players?

Whether you can or not, ask that question to one hundred people before asking that same question to the same hundred people about the NFL, and I don't think there's too much more to have to say.

Vince attempted, but that league died after one season.
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Old 10-22-2016, 06:46 PM   #933
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And Vince tried in the NFL's offseason. He definitely knew better than to try and go head on.
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Old 10-22-2016, 06:55 PM   #934
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Head to head we unquestionably a mistake. Their numbers fell week to week and rose when they left mondays. Its really simple to track.
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Old 10-22-2016, 06:57 PM   #935
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the fuck?
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Old 10-22-2016, 06:58 PM   #936
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Quote:
Originally Posted by Anybody Thrilla View Post
And Vince tried in the NFL's offseason. He definitely knew better than to try and go head on.
Yeah but football has an off-season for a reason. Fields are shit in the late Winter/Early spring.

Summer might have been a better starting off point.
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Old 10-22-2016, 09:05 PM   #937
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Quote:
Originally Posted by Ruien View Post
Arena football is in the US. Vince attempted to compete with the NFL also.
Arena football is a different sport. XFL proves my point, it failed miserably. There's really no sport in North America that has multiple promotions on the same level. Yeah football has the CFL and AFL, but both are different to the NFL. No other baseball, basketball, soccer or hockey leagues exist to go against MLB, NBA, MLS, NHL respectively.
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Old 10-22-2016, 10:12 PM   #938
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Yeah but wrestling is a t.v. show and a form of entertainment, not the same as other sports.
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Old 10-22-2016, 11:00 PM   #939
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Quote:
Originally Posted by The CyNick View Post
Arena football is a different sport. XFL proves my point, it failed miserably. There's really no sport in North America that has multiple promotions on the same level. Yeah football has the CFL and AFL, but both are different to the NFL. No other baseball, basketball, soccer or hockey leagues exist to go against MLB, NBA, MLS, NHL respectively.


You're a fucking moron.

If you think that college football and the NFL aren't similar enough, you need to get your fucking head checked. Or just a dumb ass. Overall, college football is substantially a bigger product than the NFL.
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Old 10-24-2016, 03:50 AM   #940
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Another lawsuit was filed against TNA recently.

Quote:
This one has been filed in Cook County, Illinois for late charges, interest and attorney fees.

This lawsuit is for $207,612.29 and it was filed against TNA Entertainment, LLC on 9/29. BankDirect paid TNA $400,146.00 so that TNA could pay insurance premiums. An agreement was made for TNA to give money back to BankDirect, but they are still $207,612.29 behind on paying them back. TNA was supposed to make ten monthly payments of $41,032.45.
http://wrestlingnews.co/another-laws...or-money-owed/

To get an idea of how much TNA currently owes just from lawsuits:
Quote:
Audience Of One production company – $223,000 plus interest and post-judgment costs
Billy Corgan – most of the lawsuit details are sealed
Bischoff-Hervey Entertainment – $114,500.02
American Express Travel Related Services Company – $269,040.50
Corgan's amount might be somewhere between $2-$4 million based on him covering tv tapings and other stuff for TNA.

On top of that, they also owe a good chunk of money to the state of Tennessee and their talent roster.
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Old 10-24-2016, 07:21 AM   #941
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Where is LOLTNA? It should be documenting this meltdown.
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Old 10-25-2016, 12:00 AM   #942
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Quote:
Originally Posted by Smelly Meatball View Post
Quote:
Audience Of One production company – $223,000 plus interest and post-judgment costs
Billy Corgan – most of the lawsuit details are sealed
Bischoff-Hervey Entertainment – $114,500.02
American Express Travel Related Services Company – $269,040.50
Corgan's amount might be somewhere between $2-$4 million based on him covering tv tapings and other stuff for TNA.

On top of that, they also owe a good chunk of money to the state of Tennessee and their talent roster.
Not only that, the parties who are owed money by TNA are legally entitled to collect interest on any suits for failure to pay their contractual or other debts on time.
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Old 10-25-2016, 05:08 PM   #943
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From PWInsider, part of the unsealed documents:

Quote:
A redacted version of the 41 page lawsuit TNA President Billy Corgan filed against TNA, its parent company Impact Ventures, Dixie Carter, Dean Broadhead and Serg Salinas was officially released to the public today by the Chancery Court in Nashville, TN, revealing a lot of insight when it comes to why Corgan filed suit.

The lawsuit alleges that Corgan initially invested into TNA because "Impact Ventures was in severe financial distress" and that by investing, he was preventing the company from suspending operations and going into "immediate foreclosure" to Aroluxe Media, described as the company's production company. PWInsider.com first broke earlier this year that the way Dixie Carter's deal was structured with Aroluxe, they were putting out the financial cost of TNA's TV productions and TNA would pay them back installments - and if Carter failed to make the payments, she could lose control of the company. Well, that was the very scenario that, as if turns out, led to Corgan stepping in last June.

Corgan's lawsuit notes that TNA "needed an injection of funds" to pay Aroluxe so that they would move forward with the production of Impact Wrestling episodes in June - so this all took place over Slammiversary weekend, when PWInsider.com first reported Corgan had bought a minority share of the company. Aroluxe also required an additional payment due to TNA "defaulting on multiple payments" prior to this point. The financials were redacted.

The reason Salinas and Broadhead are listed as defendants alongside Dixie, TNA and Impact Ventures is that they are listed as the Managers of Impact Ventures LLC. The lawsuit also alleges that per the Operating Agreement for the company, Dixie Carter is the "sole member of the company" but it is believed Carter owns 92.5%, Aroluxe Media owns 5% and Anthem Media (MCC/Fight Network, etc.) own 2.5%, with the latter two described as "significant creditors in the company."

In July, Corgan again invested money in the company, once again to prevent Aroluxe from foreclosing on Dixie Carter and taking control of TNA. The same happened in August, except by this point an agreement between TNA and Aroluxe had contractually expired, "thereby allowing Aroluxe to foreclose on the company at any time." Due to that turn of events, Corgan's lawsuit alleges that he, Carter and Aroluxe entered into "an amended and restated loan agreement" that saw Corgan agree to make his now-third investment in the company with the company issuing him a "new second priority secured convertible priority note", replacing his previous note regarding what he was owed.

The August Agreement also saw Corgan appointed as President of TNA with Carter, the former President, shifted into the title of Chairman and Chief Strategy Officer of Impact Ventures. It was noted that Corgan "desired" to be President so he could direct and oversee the day-to-day operations of the company and improve it's financial condition. Corgan also stated that Carter, as security for the loan, "entered into a 100% equity pledge agreement" with Corgan, allowing that in the event of default, Corgan would be "entitled to exercise all voting or consensual powers pertaining to collateral."

In layman's terms, the lawsuit claims that Carter made Corgan President and agreed that Corgan would gain 100% control of TNA's parent company if she defaulted on the loan he made, in order to get him to invest this past August - because had he not, Aroluxe would have foreclosed.

The lawsuit claims that the paperwork Carter signed appointed him as the "attorney-de-facto" of TNA had an "Event of Default" occurred under the terms of their agreement - which is referred to in the lawsuit as the insolvency of TNA and/or Carter personally.

In regard to Impact Ventures LLC, the lawsuit describes the company as "insolvent" and that "its liabilities exceed the values of its assets, and that Impact Ventures is unable to pay its debts as they come do in the ordinary course of business." Included were cash flow statements, listed as created by Impact Ventures, that showed a "cumulative cash flow negative of [redacted] for the period from September to December 2016, followed by the period of September 2016 through June 2017.

Corgan claims that despite numerous requests, the company has not provided him with any updated balance sheets past 6/30/16, that they are in a negative balance when debt is compared to assets and that the company's financials have actually worsened since the last balance sheet he was provided. Corgan states that insolvency now results in him needed to be awarded Dixie Carter's 92.5% share in the company.

The lawsuit also noted that there have been "media reports" about TNA negotiating with WWE for a potential sale of the TNA video library. The lawsuit notes that Dixie Carter and Dean Broadhead had each denied that but "Mr. Salinas" (perhaps meaning Serg Salinas, or perhaps a typo referring to Dixie Carter) acknowledged the conversations to "the company's wrestlers on October 2, 2016", which would be Bound for Glory.

Based on Corgan's agreement, he claims in the lawsuit he is entitled to a full review of the company's "Officers, counsel, books, records; the full ability to investigate the company's titles to property and to the condition and nature of its assets, business and liabilities" as well as full opportunity to review the company's business plan with "key officers." Corgan is alleging that despite numerous requests, he was given no information about discussions with World Wrestling Entertainment - despite the fact he is President and a creditor to the company and the library is the company's "most significant" asset. He is claiming that is a breach of the agreement he signed in August.

Corgan is also claiming he has been kept in the dark in the company's conversations with Anthem Media (Fight Network/MMC Acquisitions, etc.) leading up to the recent loan [amount redacted] "and it's financial impact on the company" until after the transaction had already been completed - again despite the fact he is President and a creditor to the company.

In the lawsuit, it is noted, "This recent conduct is consistent with the way Mrs. Salinas [Carter] and the other members have dealt with the Plaintiff since the inception of his involvement with Impact Ventures. They have failed to keep Plaintiff apprised of matters of great significance to the company; they have routinely misled plaintiff as to the company's finances, operations and future prospects; they have failed to provide the plaintiff with information necessary to discharge his duties as President to manage the day-to-day operations of the business; and they have regularly interfered with, subverted or ignored plaintiff's authority to manage affairs in the company." Corgan alleges these failures constitute an additional default in his agreement with Carter.

Corgan states in the lawsuit that Carter was informed of an "Event of Default" on 9/29 (this would be the day before MCC Acquisitions financed the Bound for Glory PPV and subsequent TV Tapings) but the defendants did not respond affirming or denying the "Event." Corgan then informed Carter and the company on 10/12 that he was exercising his right to take over her stock in the company and place his own designated managers in charge of Impact Ventures. He received no response.

Corgan's lawsuit states, "The company is continuing to flounder and has been taken to the brink of financial collapse under Ms. Salinas and the other managers. The company's secured creditors, including Aroluxe and Anthem, can foreclose at any time."

In the lawsuit, Corgan is seeking a declaration from the court that he is indeed entitled to Carter's 92.5% of the company, her voting rights and has the ability to replace the current managers with designated managers of his choosing. He is also seeking damages, to be determined by the court, for the breach of contract, and requesting an injunction preventing the defendants from making business decisions that could further harm Corgan and the company as well as preventing them from attempting to sell the company or it's assets until the lawsuit is resolved.

A hearing regarding Corgan's request for a temporary injunction against the defendant is scheduled for tomorrow 10/26 at 1 PM Central.
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Old 10-25-2016, 07:07 PM   #944
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I really hope Corgan gets them. Dixie just sounds like a horrible business person.
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Old 10-25-2016, 07:11 PM   #945
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I'm always for someone new trying to get wrestling right. From listening to him in podcasts, Corgan seems to at least have an idea of what might work.
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Old 10-25-2016, 07:24 PM   #946
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He might know how to run the business side as well. I could see the court just shutting down TNA and giving Corgan whatever he wants that he can use to create a new company.

And Dixie wanted a reality show for herself that showed a woman running a pro wrestling company. Probably couldn't get any footage of her actually doing anything.
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Old 10-25-2016, 09:17 PM   #947
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Pro Wrestling Sheet recently leaked a series of emails between Billy Corgan and Dixie/TNA that pretty much proved everything Corgan claims in his lawsuit is true and Dixie is lying about saying TNA never did anything being claimed.

https://www.reddit.com/r/SquaredCirc...in_posts_them/
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Old 10-25-2016, 09:55 PM   #948
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#Dixieleaks
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Old 10-26-2016, 02:06 AM   #949
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He might know how to run the business side as well. I could see the court just shutting down TNA and giving Corgan whatever he wants that he can use to create a new company.

And Dixie wanted a reality show for herself that showed a woman running a pro wrestling company. Probably couldn't get any footage of her actually doing anything.
IF the contracts mentioned are legit, AND a jury finds them to be legit and understands and agrees that they say what Corgan is claiming they say, Corgan will be in control of TNA, regardless of how much debt they owe. In that case, if Corgan can pay off the debt without having to sell off his majority interest, Corgan can do whatever he wants with the company.

Except for very rare cases involving monopolies, bankruptcy and large, illegal corporate schemes, court's will not shut down companies. In this case, even if they did, Billy wouldn't be entitled to anything left over from TNA until all of TNA's creditors were paid off. Even though Billy is alleging that TNA is bankrupt, this is not a bankruptcy case involving TNA, this is a breach of duty and breach contract case between Corgan and Dixie and TNA, so TNA will not be shut down by this court in this case.
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Old 10-26-2016, 02:08 AM   #950
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#Dixieleaks


Also, sounds kinda gross.
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Old 10-26-2016, 11:13 AM   #951
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Me right now:
TNA Court date today.

I don't know if my body can take it.
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Old 10-26-2016, 11:31 AM   #952
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Dixie is going to walk into court with Russo and demand the company is reset.
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Old 10-26-2016, 11:37 AM   #953
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Dixie is going to walk into court with Russo and demand the company is reset.
Dixie on a pole for the company
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Old 10-26-2016, 12:12 PM   #954
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Oh my God. He actually capitalized a word!
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Old 10-26-2016, 01:18 PM   #955
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Temporary injunction hearing today. In order to get the temporary injunction Corgan will have to show the judge that clearly his rights (under the contract) are or will be violated and he will suffer immediate and irreparable injury before there is a final judgment in this case.
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Old 10-26-2016, 01:28 PM   #956
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MORE DOCUMENTS:

Quote:

In a redacted Memorandum filed with the Nashville Chancery Court to explain why he requires a restraining order against the defendants in his lawsuit against TNA, Billy Corgan laid out his argument for why TNA is insolvent and notes that currently, Impact Ventures "balance sheet shows the company's debts are close to ten times the company's assets." Corgan states that the company falls under the definition of insolvent for the state of Tennessee, which describes the term as similar to the definition of the term in the Uniform Commercial Code and the Bankruptcy Act, which states that "insolvent" means having generally ceased to pay debts in the ordinary course of business other than as a result of a bona fide dispute, being unable to pay debts as they become due or being insolvent within the meaning of federal bankruptcy law.

Corgan's push for the restraining order also noted that according to Rule 65 of Tennessee Rules of Civil Procedure, they court is authorized to issue temporary restraining orders "without notice to the adverse party" if "specific facts in an affidavit or a verified complain clearly show that immediate and irreparable injury, loss, or damage will result to the applicant before the adverse party can be heard in opposition..." The filing argues that since this is a private issue between Corgan and the defendants, it is possible that left unchecked, they will cause Corgan "immediate and irreparable harm."

Also filed today was a redacted declaration from Corgan laying out why he invested in TNA and accusing the defendants of hiding how bad the company's debts were in order to get the investment from Corgan. In describing his initial loan on 6/10/16, Corgan notes that he was given a "senior secured" promissory note, and was not aware that Aroluxe and Anthem Media Sports and Entertainment had already been granted seniority regarding the debt they were owed. In layman's terms, Corgan invested under the belief he would be first in line to be repaid, only to learn he was actually third in line. Corgan also alleges that he was told by Dixie Carter and TNA Chief Financial Officer Dean Broadhead that TNA had a debt of a certain amount, and was never told the company actually had debts of "over [redacted.] So, he is alleging he was misled about the amount of money the company actually owed before he made his first investment. Corgan said he was still never informed of the actual debt when he made his second investment in July and only learned of the actual level of debt in September 2016 when he was provided a company balance sheet (dated 6/30/16) by Broadhead.

Corgan also stated that he learned what the actual debt of the company was "in the course of this litigations through the documents that Impact Ventures produced." While the number of redacted, Corgan wrote, "I did not know that Impact Venture's debts were that high. I never would have agreed to invest additional capital in Impact Ventures had I known the company's debts were that high."

Corgan also stated that he was misled into making his "third and final loan" to the company in August 2016 based on "repeated representation" by Dixie Carter that "acquisition negotiations" were underway with third parties and that an acquisition of the company was "imminent" including a proposed investment from Aroluxe.

Corgan alleged in his declaration that the company has prevented him from doing his duties as President, learned that the company has failed to pay its taxes based on an article in the Tennessean newspaper and that a lien has been filed against the company, and that a number of lawsuits had been filed against the company by Audience of One Productions, American Express, and by Bankdirect Capital Finance, LLC.

The declaration also revealed for the first time that TNA planned to film TV in Orlando on 11/1-11/3 at Universal Studios but the decision was made on 10/25 to postpone those tapings "due to a lack of funds."

Corgan also alleged, "Impact Ventures also continues to not pay its talent, except now defendants are blaming me and the temporary restraining order in this case for lack of payment." As noted previously on PWInsider.com, talents who worked the tapings in October were next slated to be paid this week.

The declaration included a certification sent to his attorney by TNA's counsel on 10/30/16, including a term sheet (possibly a settlement offer?) that would have required Corgan to give the company a "full release of all claims" against them by Corgan. Corgan wrote, "I will not agree to provide Impact Ventures with a 'full release' as a condition to the repayment of my loan proceeds. I am not required under any of the loan documents to provide such a release in return for full payment. I also believe that I have claims against Impact Ventures and the other defendants that are separate and apart from the claims that I have currently asserted herien, and I am not willing to waive or release those claims."

Corgan also states that he was never "provided" with a proposed draft of an employment agreement in connection to his role as President of the company and that he has also not been provided "with access to the information I would require under the Second Amended Corgan Loan Agreement" that would allow him to make an "informed decision" as to whether to convert his loan into an "equity position" in the company. What that means, as I suspected and discussed previously in PWInsider Elite audio, is that Corgan's loan was similar what a bank would do when it loans money to a film production and the collateral if they are not repaid is that they end up with points in the film and get their money back that way, owning a piece of the pie. Corgan is saying he can convert to a piece of the pie but can't make that decision without information the company won't give him.

Corgan also states that he understands that Jason Brown (Aroluxe) "has undertaken the duties of managing the day-to-day operations of the company", while Corgan has been excluded from those duties despite his title and his signed agreement. Corgan stated that he his under the understanding that Brown has been "planning events for 2017 and negotiating contracts with talent."
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Old 10-26-2016, 01:59 PM   #957
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I haven't been following this ever since the deal apparently "fell apart" and something about Corgan filing a lawsuit... can someone sum up what the current situation is in a sentence or two... :-( So is nobody buying TNA? Or Corgan still might get ownership? WWE 100% out?
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Old 10-26-2016, 02:03 PM   #958
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TNA is in a lot of debt and never informed Corgan of the massive debt once he made investments and then once he became president they continued to not give him the information he needed to run the company basically. Big Crippy Z might be able to explain better, that's the best I can do though.
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Old 10-26-2016, 02:06 PM   #959
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BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)
Corgan's alleging breach of his investment contract and that his investment deals with TNA would allow him to take over Dixie's ownership stake should they default on his repayments.

He's now alleging that they did default on his repayments, he attempted to exercise his right to take over TNA and they ignored him, then TNA proceeded (and failed) to attempt to sell TNA's most valuable asset (i.e. TNA's tape library) to WWE, which under his investment contract, he now has the contractual right to control TNA, they did without his inclusion or permission, as well as blocking him from running TNA's daily ops as President.

He's also alleging that TNA/Dixie fraudulently mislead him by intentionally failing to disclose TNA's true financials/debts in order to get him to sign the investment agreement.
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Old 10-26-2016, 02:09 PM   #960
BigCrippyZ
 
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Posts: 3,033
BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)BigCrippyZ got the bus to Rep Town and repped it up real bad at the rep shop (100,000+)
He's also claiming that TNA/Dixie offered to pay him his investment money back IF he would drop and waive any any and all current or future legal claims against any and all current or potential parties relating to this deal. He apparently told them he would not do that.
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