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| I want to know about the 30% https://mail.chicagofanatics.com/viewtopic.php?f=156&t=34063 |
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| Author: | C_Howitt_Fealz [ Wed Jun 24, 2009 10:06 pm ] |
| Post subject: | I want to know about the 30% |
Weber wrote webio employees were "led to believe" that Hernandez had a 70% interest in the company, with the Norths having the other 30%. Hopefully I'm not misrepresenting what he wrote. Hernandez apparently claimed the company was totally under his control, and that's what enabled him to fire Spaceshit, Beatrice and North. I want to know what the arrangement was for that 30%. Was there something in writing? Did the Norths actually contribute money up front, or was the 30% stake to be doled out over time (sort of like stock options)? If Weber's impression were accurate (that a 30% stake either belonged to North or would soon belong to North), why the hell didn't North do a basic financial workup of the business arrangements? He hired an "agent" (I assume an attorney) to incorporate Mike North Webio, so why not hire someone to look at this venture? That 30% might be damning. |
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| Author: | jimmypasta [ Wed Jun 24, 2009 10:10 pm ] |
| Post subject: | Re: I want to know about the 30% |
I remember reading this,too. Who knows? I think once this DH guy starts singing more spinning of the WEBIO will occur. |
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| Author: | IkeSouth [ Wed Jun 24, 2009 10:40 pm ] |
| Post subject: | Re: I want to know about the 30% |
one time i felt like i thought someone said something they probably didnt mean or were topically simply ignorant about and it changed my life forever. |
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| Author: | Aggravated Sox Fan Bob [ Thu Jun 25, 2009 7:04 am ] |
| Post subject: | Re: I want to know about the 30% |
IkeSouth wrote: one time i felt like i thought someone said something they probably didnt mean or were topically simply ignorant about and it changed my life forever. She said "yes". |
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| Author: | Aggravated Sox Fan Bob [ Thu Jun 25, 2009 7:08 am ] |
| Post subject: | Re: I want to know about the 30% |
Street Hustler North may think his shit don't stink when nitwits are fawning all over him at Gibson's or the OTB, but the Government is not impressed. I can't wait to see this money trail. |
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| Author: | bigfan [ Thu Jun 25, 2009 7:15 am ] |
| Post subject: | Re: I want to know about the 30% |
I cant put too muich stock in Weber telling us he was led to believe Mike owned 30% as any evidence that Mike owned Webio. I am sure Mike made that impression to everyone that he ws an owner. What hasn't Mike done in the last 7 years that has not had the final say? I would guess he had an option to buy a portion if it became succesful, but then again he might have used a really sharp media agent who would not have structred a deal like that. |
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| Author: | C_Howitt_Fealz [ Thu Jun 25, 2009 7:31 am ] |
| Post subject: | Re: I want to know about the 30% |
But wouldn't a "really sharp media agent" have at least taken a quick look into the main partner/financial setup? |
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| Author: | bigfan [ Thu Jun 25, 2009 7:40 am ] |
| Post subject: | Re: I want to know about the 30% |
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| Author: | Frontman [ Thu Jun 25, 2009 8:22 am ] |
| Post subject: | Re: I want to know about the 30% |
The thing of it is that Jesse, George and others keep saying North wants to relaunch it, he was a leader in it, it was North that Hernandez was circling the parking lot to avoid, etc. If he was such a leader in the organization; if Bebe was part of the leadership in the organization. If Spaceball was such a leader in the organization; how exactly are they NOT a part of the investigation? And why have the Norths FINALLY shut up about being victims themselves? I have a feeling the shoe can and will drop on these three sometime soon. |
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