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  1. Jacob Fox

    Billy Corgan sues TNA

    As much as I think that Corgan would be so much better than Dixie running this promotion, I have to say that I agree with the ruling on a legal basis. As I mentioned before, he would have an extremely difficult time proving the company is insolvent and that was proven to be correct. Insolvency...
  2. Jacob Fox

    Billy Corgan sues TNA

    I've seen some tweets and yeah, that's definitely not a winning argument. It is what I would expect from Dixie though... not what I would expect from a competent attorney.
  3. Jacob Fox

    Billy Corgan sues TNA

    I'll be interested in seeing it. That is very interesting. I've read the Tennessee Revised Limited Liability Act and it does indicate that the majority owner can appoint a voting proxy. However, she can just as easily retract that proxy without their consent. That seems to favor Dixie. But...
  4. Jacob Fox

    Billy Corgan sues TNA

    I'm still rooting for Corgan although I am not sure how much of a case he has. He being in charge of TNA would be soooo much better than Dixie. Hell, Bill Cosby would run TNA better/
  5. Jacob Fox

    Billy Corgan sues TNA

    And that is interesting, assuming that everything Corgan is claiming is true in regards to the agreement. From the information I have seen, that has not been verified with actual documentation signed by Dixie Carter. That would be vital to Corgan's entire lawsuit. From what is SEEMS so far...
  6. Jacob Fox

    Billy Corgan sues TNA

    Company X says the money they are using to pay off Company Y's debts is not a loan but an investment. It is as simple as that. Solvency is not simply being able to make money through revenue to become self sustaining. If that was the case, when Panda bought TNA, the company would have been...
  7. Jacob Fox

    Billy Corgan sues TNA

    You know the funny thing about this all is that I would have thought the company would be better off under Corgan. But as I actually read through his request, I find the entire thing silly. I find it very interesting that the filing makes no mention of who signed this operating agreement...
  8. Jacob Fox

    Billy Corgan sues TNA

    Based on the information here, it seems that Corgan is claiming that the company is insolvent. The entire agreement and lawsuit is based on that. If Anthem is providing the money to pay off the debt, as you reported, than Corgan has absolutely zero chance of proving that TNA is insolvent. If...
  9. Jacob Fox

    Billy Corgan sues TNA

    TNA is like the Road Runner, they won't go down no matter how good the traps and pitfalls are.
  10. Jacob Fox

    Billy Corgan sues TNA

    I am not even really rooting for TNA to die. My personal animosity is completely directed towards Dixie Carter. Should she realize that selling the cocmpany to Billy Corgan might actually be the best way to insure its survival, once she's completely not involved, I'd be willing to give TNA...
  11. Jacob Fox

    Billy Corgan sues TNA

    They should have the lawsuit on Judge Judy and at least there they'll have an audience.
  12. Jacob Fox

    Billy Corgan sues TNA

    I'm pretty sure you, Ralph Macchio and the Dalai Lama are all listed as plaintiffs in the lawsuit.
  13. Jacob Fox

    Billy Corgan sues TNA

    Hmmm. Dixie's next move might well be a chapter 7 filing. Wouldn't shock me at this point. It would effectively nullify the lawsuits and liquidate the assets and pay the company's debts. I pretty much expect she wants to be done with the company so that would be the way to go. I dunno...
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