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I think Bob's fine on that angle. Go back and read the SB/2. He stated up front that the company owed him hundreds of thousands of dollars and that he could call in his promissory notes at any time. He also converted most other promissory notes to stock, so many other creditors couldn't do the same.
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scottbiz
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If giving my resignation notice means I got fired, then damn I wasted some good paper and ink! 
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Jeff Steward
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Porn Jesus
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So are you saying that Barbella is a liar? 
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all women should be victims of something, because they lied. - big moose
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scottbiz
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I would say that if he is your source for that misinformation then, yes he is. 
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Saevus Maximus
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Kurt Lockwood sex partner
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As reported from avn.com 
Is Jill Kelly Productions Nearing End?
By: Dan Miller
Posted: 4:11 pm PDT 7-14-2005
NORTH HOLLYWOOD, Calif. - Jill Kelly Productions is close to dissolving, sources told AVN.com, though chief operating officer Dan Ice said, “It’s not true.”
Secured creditors are closing in and will seize control in a matter of days, sources said, and a buyer is close to taking over their library of titles as over $10 million of investment money has been lost.
“I hear that library thing almost daily, not true,” Ice said.
JKP owes over $2 million to unsecured creditors and some $500,000 to the IRS, sources confirmed. Ice said “the company owes a variety of customers for the normal course of business.”
According to sources, Ice has invested over $300,000 in JKP. While not confirming the amount, he said, “I have an investment in the company like a lot of other people and I have hopes to make money on my investment. I’m just one of a number of other investors that believe in the future of the company.”
Sources said that former CEO Bob Friedland has fled to New York, and no one has heard from him since. Former President Jill Kelly left the organization in June, and then the company’s final three contract girls, Jenna Haze, Tyra and Nikki Benz, separately announced their departures, followed by publicist Scott Hoover, who left to start Lucky Star Management.
Kelly, a Hall of Fame performer who founded the company with Friedland close to five years ago, was not available for comment.
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"Rape one baby and they label you a child molester. It's a cruel world brother." Skeeter Kerkove
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JRV
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Porn Jesus
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DAC posted this elsewhere. Sounds like things are going from bad to much worse.
Where are the creditors and why don't they just shut this thing down? If it's "Alliance", why are they letting Star and Kelly drain cash from the carcass if there's no further production going on? And why would Star and Kelly pay themselves such large salaries (compared to their value to the company) if they're going to into bankruptcy court and face creditors?
Quote:
IVD Taking Over Jill Kelly
snitches named in Kelly scenario; Kelly forming company called Bad Intentions
--Gene Ross
Porn Valley- Here's the story with Jill Kelly. IVD has taken over the Jill Kelly operation. And Kelly and an attorney from Las Vegas are attempting to form a new company called Bad Intentions. The inside snitches at JKP that were linking all the inside info were a former employee who was a production manager and his girlfriend who's still with the company. Salesman Mike Barbella handed in his resignation, and Dan Ice, who was running the company, has also taken off. Ice stays on the company's board of directors.
Barbella and Ice both made the decision to leave together. IVD acquired all the receivables. IVD also on Friday foreclosed on their 15 million shares in the company as well as on the receivables. IVD will be picking up all the masters and all the product from JKP. Customers of JKP are receiving letters indicating that they must make all payments to a company called Alliance, which is holding all the JKP notes at 80% on the dollar.
Attorney Philip Star and Jill Kelly are also back in the company. Star and Kelly fired all the college employees. Star, who was first brought in, in an attempt to oust Bob Friedland, has put himself on the payroll for $4,000 a week. Star has been described as some "nobody attorney from Vegas" who's a martinet, plops his feet up on a desk, drives a 17 year-old car, wears no socks and white button-up dress shirts with collars pulled straight up. Star also wears hair dye.
Star, who's been compared to a Regan Senter with a law degree, apparently hooked up with Kelly; and Kelly is using him as an advisor. Kelly signed some documents allowing Star to be on the board of directors. Star and Kelly have been working for weeks to wrest control of the company from Dan Ice after Bob Friedland took off. And IVD was fighting to acquire the whole line from Ice. At some point in time Ice realized he was in the middle of a losing battle and there was no way to keep IVD out of this takeover scenario.
Ice has resigned and the JKP company will be bankrupt. Star, this past Wednesday, announced that he was turning the operation over to Star, that he had been forced out. Ice began handing out checks telling employees that the checks were all good and would clear. Ice then announced he was on a plane and leaving Thursday. With Ice's announcement, Barbella immediately began packing his belongings.
Kelly will re-open the company, which was $3 million in debt, as Bad Intentions. Kelly will be taking $5,000 a week for herself.
At present JKP is selling comps at new release prices. All the editors have been fired as well.
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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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Monstar
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actually Jill's new co. is "BAD INFLUENCE"
...good ol' gene
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ContactPornStars.com
TheStarFactoryEnt.com
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Sir Greenly
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Industry Parasite AKA Wankus
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Quote:
...good ol' gene
Good ol' Gene, indeed.
Considering this article is written by Ross, I wonder how much of it is actually true. Gene's like the Criswell of gossip columnists. Almost as bad as Mike South when it comes to inaccurate info.
I guess we'll see...
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jamesn
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this thread be having some booklearning and stuff.
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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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Ivor Biggun
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Woohoo...
Turns out that that Jubilee Investment Trust plc, which apparently owned 21% of JKP by the time it went under, has as it's non-executive chairman a certain Mr Francis Maude - AKA the Right Honorable Francis Maude MP, Chairman of the UK Conservative Party.
Front page headline on the Mirror (one of the UK's biggest circulating newspapers) today: TORY CHIEF AND THE PORN STAR
Main Article
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"If I were a guy, not swallowing would be a deal breaker. So what if you cook and clean? I can get a maid for that." - Gia Jordan
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k1ng
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great thread - arab is still missed
the jkp saga continues from luke's site
luke quotes from gene who quotes but doesn't link to the original report from The Chicago Tribune
Quote:
A fight between a female porn star and the former chief financial officer of her adult video company is the latest twist in the made-for-television bankruptcy case of Veg-O-Matic maker Ronco Corp.
Ronco’s CFO Ronald Craig Stone faces allegations from porn star Jill Kelly of misappropriating funds and driving her adult movie company, Jill Kelly Productions, into bankruptcy. Stone was fired after the company filed for bankruptcy in Aug. 2005. He joined Ronco — founded by Ron Popeil who honed his informercial skills selling gadgets on Maxwell Street in Chicago — shortly afterward.
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"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey
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Dean Wormer
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I'm never going to be able to watch the instant toupee infomercial again with the same naivete.
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It was a wonderful community with some very enjoyable members. But the vast majority were like German housewives circa 1943 prenteding that horrib;le smell wafting through their open windowsd was just the neighbors having a cookout..--Windsock
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Quote:
I'm never going to be able to watch the instant toupee infomercial again with the same naivete.
I own a limited edition Popeil Pocket Pussy. Along with a Popeil Pocket Fisherman.
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