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Re: hedge_fun post# 14944

Friday, 02/19/2016 7:50:17 PM

Friday, February 19, 2016 7:50:17 PM

Post# of 81742
I don't know all the answers to your questions. ISBG turning out the way it was expected. I believe only the main players can answer that question or any questions. Maybe that's something RAWNOC can answer. This is what I believe, the current dumping is coming from LOMA which controlled the toxic debt of ISBG through the Quad 4 note. Rob was in contact with Allan floating they could make this work. Rob was also negotiating with the Palm Beach noteholders and Sallah. Rob offered multiple ideas on settlement including a lenders take over, then shares in another company, then he would have Jeff pay them off (I guess out of the Autry second tranche.

Then something must have scared Rob and Loma forcing them to make the decision to start dumping the Quad 4 note shares.

On Autry, I found out through mutual connections while working on a charitable foundation here in California. During a meeting of attorneys and contributors, the talk of scams came up, basically concerning charities. Then an attorney brought up Autry and a liquor scam and she was down $645K. My lower jaw hit the floor, but I didn't say anything (until later in a one on one conversation). Where the 645K came from, maybe Wayne dumped to recover some of the 1 mil. I don't know. There's not anymore money from Autry. I would also conclude there's not anymore money from Loma. So, it's now up to ISBG revenue from the sales going through the roof to make it work or all their Rappers under contract to paying for the booze or contribution money to Pierce and Jeff. But, hey they are partners with MetLife, Jets and Giants, I'm sure they are good for a couple of million.