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Old 10-26-2016, 03:27 PM   #1001
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Old 10-26-2016, 03:28 PM   #1002
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Old 10-26-2016, 03:29 PM   #1003
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"He just wants a controlling interest in the company!"

Well, you idiots did name him company president.
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Old 10-26-2016, 03:31 PM   #1004
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I don't get what TNA's strategy is considering Dixie signed the agreement
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Old 10-26-2016, 03:34 PM   #1005
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Quote:
Originally Posted by Innovator View Post
I don't get what TNA's strategy is considering Dixie signed the agreement
"Yeah, but we didn't expect him to use that agreement."

I don't know. Z, is there legitimately like some kind of 'bad faith' clause they're trying to leverage here?
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Old 10-26-2016, 03:35 PM   #1006
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Old 10-26-2016, 03:37 PM   #1007
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Old 10-26-2016, 03:38 PM   #1008
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Can we change this thread title to 'Live Updates of TNA Lawsuit - Dark One's Wrestlemania moment'?
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Old 10-26-2016, 03:39 PM   #1009
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There it is. I was wondering where the defense was.
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Old 10-26-2016, 03:42 PM   #1010
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Old 10-26-2016, 03:44 PM   #1011
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Wish Creature of the Night from the front page was here for this. He's basically the Cynick of TNA.
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Old 10-26-2016, 03:52 PM   #1012
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Or the "This company's laywers are so incompetent, they let their clients sign an illegal contract." defense
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Old 10-26-2016, 03:56 PM   #1013
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TNA had already taped at the Impact Zone through the year...so the November 1st-3rd taping was likely the Hardy Compound Total Nonstop Deletion taping

If they're scrapping that then just burn it to the ground.
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Old 10-26-2016, 03:57 PM   #1014
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Old 10-26-2016, 03:57 PM   #1015
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GIMMICK STEAMER
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Old 10-26-2016, 03:57 PM   #1016
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Old 10-26-2016, 03:57 PM   #1017
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TNA's lawyer just said people want to buy TNA because it is valuable.

Lol
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Old 10-26-2016, 03:58 PM   #1018
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NOT PAYING TAXES IS AN ACCOUNTING MISTAKE
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Old 10-26-2016, 04:01 PM   #1019
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Old 10-26-2016, 04:03 PM   #1020
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Docs state that Dixie asked Billy why he wasn't involving her in planning or meetings and he said, "You are damaged goods."

Oh he's shooting, brother
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Old 10-26-2016, 04:07 PM   #1021
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Quote:
Originally Posted by Innovator View Post




After Dixie, Aroluxe would be 2nd worst scenario for TNA as owners based on recent stories about the company towards TNA staff and talent. Maybe even worse since while Dixie is mostly a dumbass as an owner, Aroluxe is a lot more apathetic towards TNA's employees.
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Old 10-26-2016, 04:17 PM   #1022
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Aroluxe doesn't really sound like they have a big vision for the company that is different from how it's existed/currently exists.
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Old 10-26-2016, 04:22 PM   #1023
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They'd just do everything a lot cheaper but not the good kind of cheap if how they treated TNA's former production staff is any indication. Main reason Dixie hired them besides for money was the rep the Harris Bros had with solving problems by threatening firings or implying making things physical if needed.
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Old 10-26-2016, 04:23 PM   #1024
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Old 10-26-2016, 04:26 PM   #1025
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So basically everyone involved wants Corgan out?
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Old 10-26-2016, 04:34 PM   #1026
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WERE OUTTA TIME HERE COMES STING
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Old 10-26-2016, 04:34 PM   #1027
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Quote:
Originally Posted by Simple Fan View Post
So basically everyone involved wants Corgan out?
Now that he's suing, yeah lol


The reality of what happend here is Dixie and Co tried using him as a money mark and it's blown up in their face.
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Old 10-26-2016, 04:39 PM   #1028
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This is amazing
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Old 10-26-2016, 04:44 PM   #1029
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Quote:
Originally Posted by Innovator View Post

Once again, TNA's defense is built off of "We're really fucking stupid."

AMAZING
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Old 10-26-2016, 04:45 PM   #1030
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Old 10-26-2016, 04:57 PM   #1031
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Originally Posted by Dark One View Post
Once again, TNA's defense is built off of "We're really fucking stupid."

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"And hell is just a sauna"
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Old 10-26-2016, 05:20 PM   #1032
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Once again, TNA's defense is built off of "We're really fucking stupid."

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Might as well be their official company motto after all these years being around.
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Old 10-26-2016, 08:30 PM   #1033
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Fascinating. I can't wait to hear what Z says about this.

I've glanced through this, but am I right in summing it up as TNA tried to use Corgan for cash, agreed to allow him to have power, but when he tried using that power, people panicked, have tried not to honor the deal, and now there are companies trying to pay out Corgan to leave?
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Old 10-26-2016, 08:53 PM   #1034
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Quote:
Originally Posted by Noid View Post
Fascinating. I can't wait to hear what Z says about this.

I've glanced through this, but am I right in summing it up as TNA tried to use Corgan for cash, agreed to allow him to have power, but when he tried using that power, people panicked, have tried not to honor the deal, and now there are companies trying to pay out Corgan to leave?
Here's an interesting summary of TNA's position--or at least the only part that seems like a remotely valid argument other than "We dumb. Sorry."

Quote:
The argument is basically that all of Corgan’s claims to any level of voting or control are through the pledge agreement, but that the agreement terminates upon repayment of his loan and that Corgan knows TNA has a new source of funding (referring to Anthem) “willing and able” to pay Corgan the principal and interest due. They claim the lawsuit is an attempt to use “this illusory default and managerial control” to prevent TNA from being able to repay the loan and prevent Carter from selling the company to anyone but him. This would result in Corgan getting “true control” of the company below the price at which he valued the company, as well as below the company’s true value.
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Old 10-26-2016, 09:23 PM   #1035
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Interesting. Not as hilarious as your other posts, but still vaguely funny because it contains "TNA" in it.
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Old 10-26-2016, 09:26 PM   #1036
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Quote:
Originally Posted by Noid View Post
Interesting. Not as hilarious as your other posts, but still vaguely funny because it contains "TNA" in it.
Shit. Right.

Gotta keep up kayfabe.

This was what was happening in the gallery during that argument:
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Old 10-26-2016, 09:28 PM   #1037
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Rhyno looks like he's just been Robbie'd.

"Fuck, I hope Vince doesn't catch wind of me being here."
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Old 10-26-2016, 10:37 PM   #1038
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Probably going to have to take Monday off from work so I can queue up all the memorial shit I need to have ready.
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Old 10-26-2016, 11:21 PM   #1039
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I think I already have Sunday Monday off. I will assist.
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Old 10-26-2016, 11:22 PM   #1040
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But that Monster music video with Eric Young will be tough for me to top.
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