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DukeFloored
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Industry Parasite AKA Wankus
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Reged: 01/19/04
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Jill Kelly Fire Was No Mystery - It Was A Message
#78063 - 02/02/05 10:37 PM
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JKP CEO Bob Friedland may have messed with the wrong crew this time when he booted Keith Gordon and his New York Bizarre guys from their partnership. www.lukeisback.com
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JRV
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Porn Jesus
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Reged: 08/03/03
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Posts: 5847
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Loc: Austin, TX
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All you have to do is look at JKP's SEC filing posted here a while back to know that JKP is running with the wrong crowd.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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jamesn
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Porn Jesus
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Reged: 04/17/04
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Posts: 5941
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Loc: travieso capital management and adult talent agency
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the financials for jkp are the most recurring nightmare for guys from price-waterhouser or E&Y. the SEC has been distracted by public demands for executive crucification and some giant mergers and breakups but it's almost like there's no effort being made to look like a real company.
remember luke having the vision to put this prophetic conversation with jrv and company up? least covert money-laundering operation ever!
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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JRV
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Porn Jesus
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Reged: 08/03/03
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Loc: Austin, TX
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the SEC has been distracted by public demands for executive crucification and some giant mergers and breakups but it's almost like there's no effort being made to look like a real company.
Good Point. I had been wondering why some DA in need of meeting DoJ persecution quotas hadn't gone after JKP as easy prey, no 1st amendment or other complications. If those cases have to go through SEC maybe that's why JKP survives.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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I can't pull any current legal filings from the docket. The SEC often doesn't get involved until civil litigation by a disgruntled investor makes their job easier.
If Luke did what I said earlier and looked up the names of every one of those people listed as major shareholders/options holders for JKP, there are some terrific candidates for "ripped off, wide-eyed naif" in the mix.
I'd love to get a microscope and go forensic on these things. I can't stand this fucking superbowl hype so this Sunday I might amuse myself while not watching the game.
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jamesn
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Porn Jesus
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Reged: 04/17/04
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Loc: travieso capital management and adult talent agency
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you've gotta have a copy of the "superbowl shuffle" on vhs somewhere for motivational music and fond memories of the 4-6 defense to keep you going. i hate you though, i broke out the bertrand book to refresh myself on freddy today.
my mom is intimately familiar with the SEC right now and i'm going to give her a call tonight, wait for her to start swearing for ten minutes then find out some procedural stuff and exactly where it's jurisdiction starts and ends in relation to the other crime fighters in pocket protectors we're paying for.
i hear rick solomon's sitting on a buddy ryan tape, it may just be rumor but it's going to be huge.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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Bornyo
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Porn Jesus
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Reged: 09/23/04
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Posts: 7434
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Loc: Dixie
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The irony. JKP brought down by a Jewish Porn Beat Writer, an Arab lawyer representing himself as a goofball Catholic Priest, and a smartass WASP from Harvard who looks like Matt Casey.
aside:The Fridge was in my Business Law class
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" 'sho am good tastin' "
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The irony. JKP brought down by a Jewish Porn Beat Writer, an Arab lawyer representing himself as a goofball Catholic Priest, and a smartass WASP from Harvard who looks like Matt Casey.
aside:The Fridge was in my Business Law class
In a sick way... I envy you. Chris Zorich is actually a really nice guy, but he's still low on the totem pole in Chicago law pecking order. I think the Fridge could make partner just on the basis of his shuffling skills.
Back to JKP: the funny thing is that you can see the writing on the wall of it right now, or at least one possible scenario. Forget about where the money is coming from and going to ($9 million dollars loss in one year? Why would they even have a nine million dollar gross budget, total, much less a loss of that amount?) Everyone that owes that company will be mutilated if Bob simply calls in the deferred compensation and loans he's made. Their "board"? Seriously, slap yourself around, people. Jill is an employee of her own company, she's not going to stand in the way of anything.
How could a company with probably less than 10 full employees lose $9 million dollars? Most of it, of course, was Bob's capital, and most of it was before they went public. The former makes me arch an eyebrow, but does the latter have any signficance? What kind of due diligence has to be done on that $9 million once they went public? Can he simply point to a balance sheet that says, in paper, he transferred X amount of money to the company?
(I mean all this practically, not by the letter of the law. I'm a lawyer, I've never told anyone to lie but I've been lied to plenty by my clients, so let's not go the "presumably" route. I'm wondering what the SEC would flag as being highly dubious or not.)
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jamesn
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Porn Jesus
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Reged: 04/17/04
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Loc: travieso capital management and adult talent agency
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i think a really interesting experiment would be buying a bunch of shares and see what happens. they're required to send you quite a bit of information as one of the largest individual holders which you could probably buy into for under a grand. i'd think about it despite never seeing half of the money again-but my hangup is if we're right about something seedy happening there i really don't need to be associated it. somehow, it's going to end up like a disturbed anthill. replace the ants with fleeing italian guys.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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Buy one share and they have to send you their annual report. They also have to send you ballots for Board of Directors elections but somehow I doubt that's relevant.
This is what we know:
1. Jill Kelly is no more than a paid employee with some worthless stock in "Jill Kelly Productions."
2. They pulled off a reverse merger acquisition with little legitimate reason to do so, since there is no demand for their common stock shares (valued by JKP at $0.001. This isn't uncommon for small market companies but it sort of defeats the point of going public for legitimate reasons when no one wants to invest in your company.)
3. Many of the shareholders are friends and family of CEO Mr. Burns. Others are adult industry players who either came up with capital or, more likely, discharged debt in exchange for stock options. Bob's own stock is held by a trust.
4. Rather notice this stunning peak and valley. I'm just guessing, but it appears that stockholders were selling at 5x the value, possibly through pre-arranged stock options, or possibly through prior agreement. Since there's no demand for this stock, we can at least say that most or all of these sales came from the original investors listed in their initial SEC filing following the company buying "IDC Technologies" (née "Pacific Trading Post," which did graphics for snowboards) and going public.
5. The 60+ year old CEO is inordinately fond of sleeping with his 20 year old employees. Not our business? Hell, try that in the real world.
6. Who is an investor in this British fund? Looks like a politician signed their annual report.
7. If this were a simple dodge, why would they hire PortfolioPR--which seems to specialize in penny stock companies--to do their IR/PR? Yet practically everything in the public domain with JKP's name on it is produced in house, in contradiction of the norm with PortfolioPR's other clients.
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jamesn
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Porn Jesus
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Reged: 04/17/04
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Loc: travieso capital management and adult talent agency
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Bam! we've got scrap-metals and hauling, manufacturing consultants and they're doing precious metals in WEST AFRICA. that's arguably the best area of the world if you need to make large amounts of money dissapear or appear. those places don't keep real records if they're keeping them at all. all you've gotta do is have the balls to set something up and say you lost or gained money doing business there. did you find a more detailed profile of jkp's actual financials or looked into what the "restricted" status means in practice? this is turning into porno scooby-doo and i love it.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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jamesn
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Porn Jesus
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Reged: 04/17/04
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i'm curious as to who they got the 55k warehouse from too, maybe jeff could say if that's huge or too small for what they're doing.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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Here's Frank Maude's website. He's a Tory, apparently in good standing, and though I don't understand British politics, appears to be a centrist (ie, no railing against obscenity).
He also seems to enjoy sitting on a number of hedge fund and corporate boards.
In the middle of last month, someone sold 50,000 shares of common stock in JKP. That's really a drop in the bucket since they've issued (or plan to issue) 500 million shares for a hilarious valuation of $5 million dollars. But the seller didn't get more than pennies for them, compared to a year ago, after they went public, and shares were being sold for several times that.
I dunno, what I think we're looking at is a guy (Mr. Burns) making sure he has a golden parachute. He funded Ms. Kelly to the hilt and fondled the young starlets then, realizing how much money (his family's money) he'd blown, is attempting to con someone into buying it from him, and definitely to protect himself from the earlier debt-ridden financial profile.
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scott hoover, JKP employee, writes on adultfyi:
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"That rumor about the fire [at Jill kelly's house] is utter bullshit. I was caused by faulty wiring....I do not think anyone from Bizarre would be stupid enough (or agile enough) to climb up into Jill’s attic and set a fire or rewire it to short out.
What was done with Bizarre’s product was a legal business transaction. I could go into detail about the shady and underhanded events that happened to cause us to sever ties with Bizarre, but that will all come out in the end. The truth always does. We shall prevail.
Everyone LOVES to trash JKP- is it because it’s a woman owned company or because of people’s feelings towards Bob? I have no idea but it is completely moronic to think that we are over here shaking in our boots in fear of any wannabe or so called “mafia connected” criminals coming to take us out. Fuck them and fuck those who continue to have nothing better to do with their time than make up silly shit. Hey- why not talk about something good. It seems so many people in this business really hate the industry that is their bread and butter. Self loathing is rampant here. Go do something else! Why not go bake a cake for your neighbor or visit and elderly relative you locked into a nursing home. Can you people really look at yourselves in the mirror each day for more than a quick second?"
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JKP's a woman owned company? not unless BF got some bolt-ons and had his cock and balls cut off.
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jamesn
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Porn Jesus
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Reged: 04/17/04
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outstanding first post and good point-i forgot they push it as women-owned since it's been common knowledge it hasn't been for months here.
i will watch the super bowl--what the bears did to jamesn's 8-year old psyche that year still needs mending. then i'll go remind arab about winning 3/4. but i've got nothing at all important to do today, i'm going to look around, maybe set up a chris connors etrade account.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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JKP's a woman owned company? not unless BF got some bolt-ons and had his cock and balls cut off.
I dunno, I've heard some stories...
Seriously, I'd like to applaud this professional, profanity-laced tirade from JKP Holdings, Inc's PR spokesman. Nothing oozes mainstream credibility more than screaming like a harradan for your detractors to bake a pie and go fuck themselves.
James, if you buy that one share, let me know. A girl down in research has offered to go proctology on them. I'll pay for any filings that result.
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jamesn
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Porn Jesus
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Reged: 04/17/04
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the best is that bob is listed as the main company contact. now this isn't on a company profile listing officers, it's just on some press release they sent out saying to contact "bob".
they've been dropped by, can't pay for, or are just too idiotic to use the real PR firm they hired. it's a second-tier agency out of manhattan who would turn white that what i just read was an official response.
get this, the big news is despite losing money, they've joined in allaince with a SILKSCREENING company to start a JKP clothing line. getting shelfspace in stores or peoiple who know the first thing about actually selling clothing is unrealistic if you aren't ready to spend some money.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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jamesn
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Porn Jesus
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Reged: 04/17/04
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Posts: 5941
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i expect "JKP" t-shirts will replace the simpsons ones and chicago bulls 1992 champs ones as the hot thing in ghana's goodwill distribution offices. they'll be on every kid behind sally struthers as she weeps.
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You don't mention how old your son is, but that's not that important because being Dominican, he will be thrice as slow to develop as a caucasian child anyway-bornyo
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they've been dropped by, can't pay for, or are just too idiotic to use the real PR firm they hired. it's a second-tier agency out of manhattan who would turn white that what i just read was an official response.
That's what I gathered. The real firm does PR and IR, probably more IR, and I presume got them hooked up with that British fund. That's pure speculation on my part.
Excuse me, I'm going to go to PRNewswire and format Scott Hoover's menstrual angst into a proper press release so everyone can marvel at his genius for making a good impression on people.
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get this, the big news is despite losing money, they've joined in allaince with a SILKSCREENING company to start a JKP clothing line. getting shelfspace in stores or peoiple who know the first thing about actually selling clothing is unrealistic if you aren't ready to spend some money.
Funny you mention that. One of my clients is an old hand in Conde Nast and said to me that the only type of business that needs more capitalization than print is fashion.
"Silksreening?" So are they just slapping their logo on something? Must be. Have they done actual market research on their brand? Who outside of porn and the Los Angeles County divorce attorney population has heard of Jill Kelly?
Here's a five second test:
Edit: links don't work with quote marks - just type them in google with quote marks around them if ya don't believe me.
Results 1-10 of 582,000 for "Jill Kelly".
Results 1-10 of 1,330,000 for "Jenna Jameson".
Results 1-10 of 765,000 for "Tera Patrick".
Results 1-10 of 814,000 for "Asia Carrera".
Now, figure that much of that is just product placement rather than "authentic" chatter. Jill has been in the business how long, though? Asia has no company with her name on it, neither does Jenna (not her full name, anyway), and Tera's probably done less than 30 videos in addition to not having her full name on her own company.
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Edited by smiling arab (02/04/05 02:02 PM)
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Aha, I think I get this Jubilee Investment Trust business now. I am just going to use this thread for my notes. Have fun, Luke. 
The shares in JKP owned by Jubilee were not purchased outright. Rather, they were swapped from a company called "Maximum Ventures, Inc," which I recall from JKP's initial SEC filing. (There are two - one a British Columbian mining interest; another, this one, in New York).
On November 18, 2003, per this link, Jubilee swapped shares of Jubilee itself with Maximum Ventures in exchange for Maximum's holding of JKP shares.
Who was "Maximum Ventures"? According to this link, it was sold. The purchase price is quite interesting. Maximum had transferred more than a million shares of JKP restricted stock valued at $3.75 per share. Yet, not long after, Maximum itself was sold to VerticleBuyer for only $450,000 (representing 77% of the company's outstanding shares). Compare/contrast: JKP restricted stock valued at around $4 million, vs. a tenth of that.
Quite interesting: just two weeks prior to swapping his JKP stock to Jubilee, on November 6, 2003 the CEO of Maximum Ventures, Abraham "Avi" Mirman released this press release announcing the Jill Kelly Productions Adult cable channel that James mentioned. Note it was issued by Maximum--not JKP.
Note also that the above press release announces no contract, no money at all, just a "letter of intent"--just two weeks prior to selling. I haven't been able to find any other JKP press releases signed by Avi. Why haven't we heard anything else about the cable channel? Was it something to attract genuine investors by JKP's angel in NY so he could cash out?
Here's Maximum's piece of shit website. It says that they helped with "reverse mergers," among other things. Aha. Maximum consults with Bob, is given worthless stock in lieu of cash, then sells it while it can.
Avi's other company is called Mirman Capital Ventures. Mostly involved in biotech.
Jubilee swapped some of their shares for JKP. Why? Like Maximum, swapping their stock for other companies was the shell game by which they hoped to catch lightning in a bottle and attract investors:
From their 2003 report, shortly after picking up their JKP shares from Avi Mirman:
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The Company's original intention was to build a portfolio as quickly as
possible, with sufficient critical mass to create genuine liquidity in the
Company's shares, for the benefit of those companies which had agreed to exchange a block of their own shares for shares in Jubilee.
The percentage of Jubilee's holdings in JKP in relation to the rest of their portfolio has fallen dramatically in the past year. At the time of their swap from Maximum, it represented some 8% of their portfolio. Now, per their
3rd quarter 2004 report, it's only 3.5% (and that's considering, again, the hilarious restricted stock valuation of 1.242 million quid). This number is so small that they don't even list it in their top (equally dodgy) primary holdings.
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