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virginian

10/01/07 11:30 AM

#10505 RE: jking1999 #10504

Yes I saw that. I know it's been reported that no agreement is in place for Ujet however payments (1.2 million)were sent to them for some reason and she is still investigating it. There is also the disposition of the MJ collection with the unreleased songs. Nothing really reported on that. There is also the maybe uncollectable judgements that USXP won. Who knows on that one(I heard one of the perps is out of jail and started a new business). Madpackers is still out as you have stated and there are other issues still being investgated. Contracts and such.

GCRox99

10/01/07 11:32 AM

#10506 RE: jking1999 #10504

jking1999:
Madpackers will most likely be a no revenue or exchange deal. Note this comment in the receivers report.

"Byron, had sold his company Smart Movers, to Universal to be a part of Madpackers. The full payment price has never been paid to Byron, who is additionally owed over $40,000.00 in expenses advanced on behalf of Madpackers".