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brute_force

03/03/08 5:41 PM

#275679 RE: XV19 #275678

does he still own it, or didn't he sell it outright to Frankie??

It was a lease-to-buy. Frankie and Fan were liquidating QBID shares to pay the rent and to pay Valcom to produce Frankie's horrible shows (Remember "The Fluffer"?). Really, the $31 million that QTN owes TMM appears to be money they apparently lent QTN to pay the Valcom scammers with. After QTN went belly-up, Valcom signed some kind of lease for the space. But w/o QBID around to pay Valcom's tab, Valcom went BK. I'm thinking the guy who owned Media City has some pretty good stories he could share. ;0)