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Michael Jackson Justice: A Lesson in Creative Financing - Michael's Loans

God: Reconnect to Him

The Conspiracy against God is about "The Word", and the profaning of His Holy Name within us. Adam fell in the garden, breaking the direct connection to God. Jesus, the "last Adam" was a quickening Spirit, the Word made Flesh, and the only one with whom we can re-establish our relationship with God. Michael's story is still unfolding. He is the one who is, is not. But Jesus is the only name given under heaven by which we must be saved. Many are trying to rewrite HIStory. We were given a help to instruct us. Learn more "here".

Tuesday, May 10, 2011

A Lesson in Creative Financing - Michael's Loans


TINI AND BRANCA and Some 
Flipping of Refinancing


 

Philippians 4:6  Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God;

2 Thessalonians 2: 2-3  not to be soon shaken in mind or troubled, either by spirit or by word or by letter, as if from us, as though the day of Christ had come. 3 Let no one deceive you by any means; for that Day will not come unless the falling away comes first, and the man of sin is revealed, the son of perdition,



Yesterday and Friday I had posted some information on the Warner Music auction and the fact that Sony lost it’s bid to own it.  Does this mean anything to Michael Jackson?

My first thought when I saw the link on the Warner auction, was the Mijac catalog.  That catalog, which was administered by Warner Chappell, reportedly moved back over to Sony back in February of this year.  Source

I am not sure what that means in light of the information I heard on Craig Williams recording of Raymone Bain’s testimony of the refinance of certain loans by Prince Abdullah back in 2006.  Seems Sony’s paid bloggers and journalists (Friedman for example), got their wires crossed on that one refinance as well.  The LAST Mijac loan I was aware of was the one Neverland was financed on and that was bought and is still held by Colony Capital through the joint venture Sycamore Valley Ranch, LLC, co-owned by Colony and one of Michael’s companies in 2008.  Only Branca’s bloggers are the ones that have put out there that Colony sold that loan, which according to my research did not happen.

With the refinance of the Sony/ATV by Abdullah in 2006, how is it that Sony also refinanced this loan in 2006?  Source and Source.

The first source contains the timeline, researched:

December 23, 1998 – Bank of America made a loan to MJ-ATV for $200 million. Collateral was 50% (Michael’s) of Sony/ATV.

September 29, 1999 – Bank of America (BOA) made a loan to MJPT (Publishing Trust) for $72.5 million. Collateral was MiJack and the rights to receive payments for it’s administration

Fall of 2004 – Michael owes $272.5 million to Bank of America

December 20, 2005 – both loans become due.

November 2004 – Transitional is hired to refinance and provide cash to purchase Sony half of Sony/ATV

January 2005 – Michael signs contract during the Arvizos trial.

Late 2004 – Early 2005 – Transitional choses Fortress Investment Group to provide working capital through it’s lending group.

January 2005 - The same month Michael supposedly signs the contract, he gives up on trying to purchase the other half of Sony/ATV (??? Why?)

January 27, 2005 – Transitional sends letter to Don Stabler, Michael’s representative, to “confirm intention to provide bridge loan for refinancing entire BOA loan.”

February 28, 2005 – Don Stabler and Darian Dash confirm the deal as authorized representatives of MJPT and Michael Jackson. The collateral is ALL of Michael’s music publishing assets, 50% of Sony/ATV and Mijack catalogs.

May 25, 2005 – BOA sold the loans to Fortress.

Circa March 2006 – Fortress refinanced the loans by creating a special purpose entity into which the assets would be transferred called “New Horizon Trust”. This was done without knowledge or consent of Transitional. This caused a “fraudulent transfer” law to be broken.

(This actually did not, because the owners of the Trust were Fortess themselves, and two of Michael’s companies – Source)

On  the Second source above:

9/22/2007

Court Updates

In the Transitional Investors case Jackson's lawyers filed for a demurrer on Michael Jackson's part. What is a demurrer?

“a written response to a complaint filed in a lawsuit which, in effect, pleads for dismissal on the point that even if the facts alleged in the complaint were true, there is no legal basis for a lawsuit.” Source

7/15/2008
One More Case Settled!

Michael Jackson's lawyers settled another court case today with Transitional Investors LLC.

7/16/2008
Official Dismissal Court Papers

Transitional Investors was the one who requested the dismissal.

11/22/2008
Jackson Repaid Another Loan

Since Jackson just repaid the loan the agreement has been terminated, and the titles of 1503 songs from the MiJac catalog been transferred back to the star.







Missing is details on the 2006 refinancing of both loans and who they were sold to prior to 2007.

In April 2006 – On this source . . . I found some explanation as to the status of the loans in 2006, but this article was printed early in that year, April to be exact.  In that article it states:

But executives involved in the deal said it came after months of talks that spanned the globe, with meetings from Los Angeles to New York to London to Bahrain, where Mr. Jackson has been living at the hospitality of Sheik Abdullah, the ruler's son.

The deal also comes after years of efforts by an eclectic parade of financial advisers including the California billionaire Ronald W. Burkle and the Florida entrepreneur Alvin Malnik to offer Mr. Jackson guidance for extricating himself from his woes. Mr. Jacks on's financial managers had been pressing him to shed a part of his stake in the Sony/ATV venture since before he stood trial last year on charges of child molestation. He was acquitted last summer. . .

Originally, they had tried to hammer out a deal in which Citigroup would acquire the loans, and offer Mr. Jackson a more favorable interest rate, around 6 percent, these executives said. Mr. Jackson had been paying more than 20 percent in monthly interest payments.

Rather than sell the loans to Citigroup, Fortress agreed to match the bank's terms, the executives said.


This article mentions the agreement between Michael and Sony to give Sony 1st right to refusal if Michael should sell ATV and also give Sony the option to purchase half of Michael’s share should he default on the loan – in exchange for Sony dumping Branca off the ATV board.  But it does not mention WHO financed the loan.  None of the articles do during that time frame.  They only give the impression that SONY financed it.  Fortress name is thrown around as exercising their option to refinance during that time.

From Bain’s testimony BOTH loans were refinanced by Abdullah in 2006, not by Sony.  And this I learned just recently through William’s phone conversation with me as he played her taped interview trying to DISPROVE me on Colony Capital NOT selling the Neverland Loan.

Michael at this point had an advantage.  Sony wanted no possibilities of third parties involved in this catalog.  Michael wanted Branca out of his business and off the Sony/ATV board so Michael and financiers made a deal . . . We’ll keep Sony in the deal if you get rid of Branca and keep him from ever profiting from business done with my name on it.  Michael purchased Branca’s 5% of the catalog and Branca was fired from Sony/ATV.  I covered that here also.  Source with documents and reference links.

Remember this?



Definintion of “Prescient”:  Prophetic, psychic, discerning, perceptive.

Definition of “Transitional”:  Middle, midway, inbetween, intermediary

Definition of “Fortress”:  stronghold, citadel, fortification, castle

Definition of “New Horizon”:  innovative , fresh, original (new), prospect, possibility, perspective (Horizon).

Definition of “Trust”:  charge, custody, protection, entrust.



Now, what happened between 2006, and 2007, when the Abdullah loans would have matured?  Did they mature?  Did Abdullah sell them off?  What happened?  There is nothing about this.  We have Sony/Branca just taking up in the press where they left off in 2007, claiming ownership of these loans.  Abdullah’s name NEVER shows up in the press as having refinanced for Michael.

I found this on a “Positively Michael” forum: 

You're not missing anything, Scarlett. When the loan was refinanced with Fortress Investments in Dubai back in 2006, the catalog valuation of $250 million was quite generous compared to the actual market value at the time, which was $100 million, I think (don't hold me to that--it's based on memory). Michael had Sheik Abdulla's (sp?) lawyers represent him in this negotiation with Sony & Fortress and considering the numbers, it was a good deal if Michael needed to sell quickly.”  Source

I call bull* on that “good deal” issue.  Just like Goldman Sach’s would have been a good deal?  Michael’s not stupid. He said no.  She does NOT post a source for this information, but she is very pro-Branca.  These people can’t explain where Branca was during the trial, they cannot explain where he was when the media was crucifying Michael, he uttered not ONE WORD OF SUPPORT for the man until AFTER he died, yet he’s Michael’s best friend.  Gag me with a pitch fork.  Moving on . . .

This is where the refinances overlap.  Either Fortress refinanced them in 2006 or Prince Abdullah did.  I’m sorry I cannot provide a source for the Prince Abdullah story because it is not published ANYWHERE by the Sony-friendly press and Raymone’s Bain’s recorded interview in the hands of Craig Williams and Vintage Pop is the only source of that information.  If Branca’s cronies want to continue to push my buttons perhaps I can tell you where to write to these people and you can ask them yourself, because chances are THAT testimony of Bain’s will show up NOWHERE in that Documentary if it ever gets produced.  I would suggest not supporting it if does come out on June 25, 2011.

Crillon goes on to say that in 2007, Barclay’s then took possession of the loan:

The 2006 refinanced Fortress Investments loan came due in December 2007 and Barclays refinanced the $300 million at that time.” – Same forum poster, Crillon.

Again no source for this information is posted.  No news item, no nothing.

This is an interesting twist on the story.  But you must go down to these paragraphs:

In exchange, Sony received a freer hand to make investment decisions without Jackson’s approval; a right of refusal on his stake; and an option to buy half of Jackson’s half for around $250 million. To everyone else’s surprise, Fortress exercised a right it held to match any financing terms and held onto its Jackson loans, though only for a short term.

Problems solved? Of course not. In Bahrain, Abdulla had given Jackson use of a Rolls-Royce and a Maybach and bought him jewelry and watches and a gold statue. But after a few months their relationship became another tale of mutual hurt.

Jackson left Bahrain, and Abdulla sued him for reneging on an agreement to start a label and record songs together — including a Hurricane Katrina relief song they’d spent weeks preparing. Jackson claimed that he either did not know what he was signing or was misled. The case went to trial in London but was settled just before Jackson was to testify.   Source. http://themjplace.com/2011/01/16/the-fight-over-michaels-millions-2/
 

According to the Sony aided and abetted press, Fortress chose to hold onto the loans.  According to Bain, Abdullah was the one that refinanced both in 2006.  In that Agreement with Sony to expel Branca from the Sony/ATV, Abdullah’s signature appears on this agreement as a co-trustee along with Miss Katherine.  Why would it if he was not the financier?  Branca’s signature is not on it, but there is a place for it because the agreement includes Michael buying out Branca’s 5% to get him off the board and Branca was representing Sony.  There is no signature from anyone in Fortress.  This is a Michael Jackson/Katherine Jackson (head of the New Horizon Trust), Abdullah, Sony and Branca agreement.  Check page 24 – 27 of this court document.  Source


Remember back in 2005, during the trial, Michael said during his Jesse Jackson interview that he was never in financial trouble, that it was lies put out to embarrass him.  Sony did not negotiate the 2006 deal, MICHAEL and his backers did.   The stories were spun after the deals were inked to make it look like Sony negotiated everything.  The only thing Sony still owned was Michael’s name and the music he made with that attached.  (“Take my name and just let me be…”)  And that was supposed to lapse in July of 2009, just a couple weeks after Michael’s passing.  Perfect timing right?

Now, we know the story of Barclay the press put out, we’re just not sure exactly WHEN this took place or who negotiated it.  Does the revelation from Bain that Abdullah financed both Mijac and Sony/ATV loans in 2006 change anything with the Barclay deal?  Was there really a Barclay deal?

Craig Williams claimed in his phone conversation with me that Colony had sold the Neverland Loan, but Colony still holds the title to Neverland and Sycamore Valley Ranch, LLC is a registered company.  This was the loan in which the Mijac was collateral.  So where are these numbers and figures Branca’s press buddies have been throwing out?

No, I don’t know everything (thanks for asking), but it is obvious the PRESS stories  are not adding up.  So you are left grabbing for pieces of the puzzle that MAY fit instead.

Sony/ATV is in a trust.  Even that much Branca and estate executors can admit.  New Horizon Trust had three phases, the first of which began in February of 2006.

So we are missing something . . . a connector between Bain’s claim of Abdullah refinancing those loans in 2006 and where they went from there.

We will come back to this another time because I am going to run this too long.  What I am getting at is the Prescient/Transitional/Fortress/New Horizon shuffle and just who controls that trust, who actually refinanced for Michael on both loans in 2006, and just how that transferred into a Barclay financing.

Back last year, I speculated that the way New Horizon was set up (three owners, Fortress, and two of Michael’s companies with Fortress owning 1/3 of assets of that trust until the loans were paid off).

Forget it . . . I’m just going to go into it, I can’t leave this out in the open.  Let’s play with an idea here:

I speculated late last year, that New Horizon Trust was set up to protect Michael’s assets, namely the Sony/ATV catalog at that time, amongst other things.

Now, let’s look at the Parallel between Michael and ummmm, The U.S. Government CONSPIRACY if you will.

The Federal Reserve Bank and it’s owners has gotten fat by paying itself on debt that doesn’t exist.  In other words, they are making money on interest, on loans that they never made.  They made interest in “printed” money, backed by nothing.  (The illusion).

Now, since Branca and the establishment he and people like him support (the elite) were a mechanism in the sabotaging of Michael, couldn’t we assume that the numbers they put out in the press were fabrications?

Could the estate, in the creating of the fictitious, mountainous debt of Michael’s, have attempted a Federal Reserve-style bilking of Michael’s estate?

What if I am right?  What if Michael’s debts were not the numbers we were told they were?  What if the whole Barclay’s story was just that?  A story to make Michael look bad, that they later would use as cover to rape his estate?  Michael said they were fabricating his financial situation back in the 2005 interview with Jesse Jackson.  Who do YOU believe?

Curt Cobain?  Weitzman has been attached to another ruined inheritance as has Branca.  They’ve done it before!

Back to Michael. What if Michael, through the maneuvering of financing between 2003 and 2008 actually bought his own loans (kinda like buying your own bank, like Colony Did last year, and like Prince Al Waleed did in Saudi Arabia when he didn’t like their rules…)

Could the estate executors have perpetuated this outlandish story of a third of a million dollars in debt in order to cover the bilking of funds from the estate?  These lawyers are earning on both sides of the transactions.  

The money generated by the estate has been generated posthumously.  This is “created” money by the work of the executors in Michael’s name, through his creations.  Michael is never going to “create” as Michael Jackson again.  Never. So what do executors do?

Create debt to hide earnings.  It is done in business all the time.  Accounting tricks.  The Federal Reserve makes money off the American people collecting taxpayer money to pay off interest on loans it never made or made with paper backed by nothing.

The Federal Reserve Bank has never been audited in its 97 year history.  I wonder who is in charge of auditing an estate?

Michael’s True Wealth Hidden in Tabloid Lies



For this reason, the  “Tabloid Junkie” song comes to mind.  I want to post some of the lyrics below:

Tabloid Junkie
“Speculate to break the one you hate
Circulate the lie you confiscate
Assasinate and mutilate
As the hounding media in hysteria
Who’s the next for you to resurrect
JFK exposed the CIA
Truth be told the grassy knoll
As the blackmail story
In all your glory
It’s slander!
You say it’s not a sword
But with your pen you torture men
You’d Crucify the Lord

And you don’t have to read it
And you don’t have to eat it
To buy it is to feed it

Then why do we keep foolin’ ourselves?
Just because you read it in a magazine
Or see it on a tv screen don’t make it factual
Actual, see but everyone wants
To believe all about it”


Yes . . . why do we?  Was Michael a secret member of the John Birch Society?  You look at his lyrics of his songs and he’s all over this conspiracy.  Between he and his sister Latoya’s testimony, Michael’s song lyrics, speeches and our government PROOVING HIM RIGHT WITH EVERY FALSE AND FAKE DOCUMENT AND STORY COMING FROM OUR PRESIDENT, what are we supposed to think?

Here is what I THINK (and you can heckle me later . . .)

Michael most definitely knew what was going on.  And judging by his “This is It” speech, he knew what was coming.

From this I can deduct that Michael KNEW THEY WANTED TO KILL HIM and why.  He knew why Princess Diana was killed.  He knew what really happened to some of the artists and actors in the industry.  (Mel Gibson – Passion of the Christ – accused of antisemitism and arrested for drunk driving???  Told the lead actor before he took the job he may never work in the industry again).

(Mel Gibson . . . thank you♥ for that motion picture.  Big inspiration.)

Were Michael’s assets somehow protected?  I suspect they were. 

Branca and company (meaning Sony AND their paid campaigners and bloggers) proliferate an indebted, drug dependent, Van Gogh-like artist who was brilliant, but so childlike he couldn’t navigate his own business deals.

My response to those people: 



I am not saying the shell game with Michael’s loans is the truth.  I’m just saying what was told to us in the papers and online tabloids is NOT the truth.

I told you I would cover Blavatnik, but I ran out of time.  Will cover tomorrow.  It will be a short blog update tomorrow, hopefully.  But keep in mind one thing:

It is the artists who create the Illusions.  The parasites only feed.  If their “food” is an illusion backed by nothing, what happens to the parasites?


 LOL!!!

13 comments:

  1. Hi Bonnie,
    I'm still reading the post but i wanted to tell you that i loved your tweets to JJ.
    Can you please tell him that there are also fans who care and are upset with the few who harass and stalk?
    Your dream about LTJ and KJ was very touching but i hope that God will give her health and time so that she can see the justice we all are waiting for.
    One more question Bonnie,though i think you are just trying to give and answer with this blog: why do you think the members of the Jackson famiy were/are the target of the mind control and media-persecution? And was LT only a mean to reach to Michael? And are there others siblings who have been mind-controlled? I remember one interview may be with Oprah or may be on the rabbi's tapes with Michael asking to his father :" do you know what you have done to me?" It is heartbreaking. I'm pretty sure that Michael is not refering to any abuse from Joe Jackson ,but what?
    Forgive me bonnie if i'm asking all those things, but my life has changed since June 2009 and i can talk about it with only a few person. My children are too young(8) to help me.
    God bless you Bonnie and all the Jackson family and all those who really care and all those who are dying in Africa and Middle East for the avidity and the selfishness of a few while the world just don't care.
    Have a good day, Bonnie.

    ReplyDelete
  2. Coxib35 said - "I'm still reading the post but i wanted to tell you that i loved your tweets to JJ.
    Can you please tell him that there are also fans who care and are upset with the few who harass and stalk?"

    ........ Well someone already beat me to that. VictoryMJ tweeted that right after my tweets (or during) when I saw that I thanked her for posting it. He does know. :o)

    coxib35 said - "why do you think the members of the Jackson famiy were/are the target of the mind control and media-persecution? And was LT only a mean to reach to Michael? And are there others siblings who have been mind-controlled?"

    ......... I'm not sure on the original but judging by testimony on some of the tapes that I have found from others, it very well could have started when they were in the Jackson 5. Michael being the youngest reacted differently than the older brothers (this is THEORY only).

    Even though other researchers have also discussed this (entertainment industry problem), very few of them have made any connection to the possibility that Michael and his family were targeted because of their faith. The Beatles were a manufactured band. They use artists to put out a message. John Lennon broke free and refused to be used. He was exposing them. He was killed. Michael the same thing. The difference between Michael and Lennon was Michael's faith in God. Lennon saw religion as one of the tools being used (and he was right), but Michael knew the difference between religion and faith. I wish John Lennon did.

    Latoya was targeted because she was a developing performer. Michael was already bucking the system and they wanted a family member to help discredit him. So they used Latoya for almost 11 years by her testimony.

    It's not something that sane people can understand, but SANE people are not involved in this evil. Trust me, this was not an easy discovery for me at all. This world is sick and Michael said it best. This sickness has permeated everything.

    Joe Jackson - completely overblown in the press. When Michael made that statement to Schmuley, I believe he was talking about what Michael's father got them into with the show business. But remember during this time, Michael was also surrounded by people put in place to control him . . . just as Latoya was being controlled. Who knows what memories they planted in Michael's head.

    ReplyDelete
  3. Bonnie,
    The Special Administrators Report released by the estate last year mentions Barclays and also Sony....

    Sony/ATV:
    Michael had pledged his 50% interest in Sony/ATV as security for a loan issued by Barclays Capital. The loan is further secured by a guaranty given by Sony Global Treasury.

    Assuming this is a genuine legal document, then I think we have to accept Barclays involvement. However, the mention of the Sony guaranty kind of demotes the importance of Sony in all this, don't you think? They didn't supply the loan, they supplied the guaranty.

    Mijac:
    Michael had used Mijac as security for two loans, one issued by HSBC and one issued by Plainfield asset Management.

    So no mention of Sony in the Mijac financing arrangement at all. Also, we do not really know WHEN these loans were taken out. Didn't Michael fall out with Prince Abdullah in May/June 2006 when he moved to Ireland? Perhaps the original plan was for the Prince to finance the loans, but perhaps that fell through before the deal was sealed? If the Prince felt that Michael owed him money for the 'gifts' and reneging on the record deal, he would hardly agree to finance Michael's million dollar loans!

    ReplyDelete
  4. PrincessGlam said - "Assuming this is a genuine legal document, then I think we have to accept Barclays involvement. However, the mention of the Sony guaranty kind of demotes the importance of Sony in all this, don't you think? They didn't supply the loan, they supplied the guaranty."

    .... last time I checked Barclay's no longer has the loan anyway . . . that has been refinanced with another entity.

    Princessglam said - "Mijac:
    Michael had used Mijac as security for two loans, one issued by HSBC and one issued by Plainfield asset Management."

    ....... Where is this info coming from? What did Michael supposedly take these loans out for? Because the one connect to Neverland is null and void . . . Colony has it and should no longer be in play. These loans or at least the one should have been retired.

    Princessglam said - "Also, we do not really know WHEN these loans were taken out. Didn't Michael fall out with Prince Abdullah in May/June 2006 when he moved to Ireland? Perhaps the original plan was for the Prince to finance the loans, but perhaps that fell through before the deal was sealed?"

    ........ The recorded interview I heard with Raymone Bain said the loan WAS REFINANCED WITH PRINCE ABDULLAH. His sig is on the agreement linked above. The falling out? This is Roger Friedman press. That whole story is bullcrap. Why is it that we believe the press lied about Michael's sexual orientation but not his finances?

    Go look at the link I posted above. Abdullah's signature is on that agreement. These people were also friends of Jermaine's. I'm not really committed to anything being put out by the estate as the "truth". Are you?

    ReplyDelete
  5. Princessglam - I have a question. When looking at this information, do you believe Michael or do you believe the Estate?

    Youtube search the Jesse Jackson interview with Michael in 2005. Michael tells us right there that the finances are "that's not true at all. It's just one of their many schemes to embarrass me". @0:25 on http://www.youtube.com/watch?v=o18NBO68SsI&feature=player_embedded

    ReplyDelete
  6. Bonnie :),

    The smile says it all. All I know is what Michael said. And he said, "I'm in a good financial position". Janet credits Michael with teaching her how to manage and save her money. So...... The definitions of those investment groups are really intriguing. Great Blog as we get more entrenched in 'As The Vultures Swirl' saga.

    Have a Blessed day, Bonnie.♥

    ReplyDelete
  7. Judith - "The smile says it all. All I know is what Michael said. And he said, "I'm in a good financial position". Janet credits Michael with teaching her how to manage and save her money."

    ....... Well, he needs to teach me, LOL! When I think of all this hooey throughout the press about his finances all I can think about now is Courtney Love and her twitters. Courtney/Curt Cobain was not in the business 1/4 of the time Michael was, so what do you think happened to most of his money?

    I think of all the interviews or stories printed saying he didn't remember signing this or that. I wonder how many houses Weitzman flipped with Michael's social security number?

    ReplyDelete
  8. Bonnie, I'm shocked. The chaos around Michael seems really shocking. I can not deny that all this makes me sick.
    You are very good at putting the reality on a silver platter.
    I read about the case of Abdullah and Michael.
    He had felt teased by Michael. Too bad.
    Not to mention the Sony / ATV, still more chaos.
    A hug o:-)

    ReplyDelete
  9. Bonnie said "Princessglam - I have a question. When looking at this information, do you believe Michael or do you believe the Estate?"

    Well of course I believe Michael, but Michael hasn't told us the details of his finances :). I'm just trying to understand it all and using you as a sounding board, because, well, no one else seems to have a clue out there!
    The information comes from the Special Administrators report - they say the HSBC and Plainfield loans on Mijac were refinanced with HSBC, and the original loans were due to mature 2011. So I assume the new one does too? The report does not say what the loans were taken out for. I use these docs as a starting point, not as gospel. It seems to me that Mijac etc were used as collateral for more than one deal, including the AEG contract. Is that even legal?
    I missed the Prince's signature on the document - I see it now. You know the AEG deal was to pay him $2million for the record deal? There is so much 'fog' out there that it is very difficult to see the true path. Thank goodness you are writing this blog, because otherwise I'd have given up any hope of understanding what is going on.

    ReplyDelete
  10. Bonnie – thanks for the time line concerning the Sony/ATV catalog, and it’s easy to understand now this complicated transaction.

    When William and you had conversation and let you hear Bain’s testimony, did you recognize her voice to be hers?

    As I follow your research, Branca was brought to Michael’s life by Sony not Michael rehire him as the bloggers claimed. Of course Sony and Branca and their supports continue their claim saying Michael fire and rehire all the time, and this was the practice he was comfortable to do without them providing any evidence to the story. Where is that Michael always fire rehire claims come from?

    To me, it’s really insulting Michael to say he fired and rehired even those who hurt him knowing their evil actions. I don’t believe Michael would do that under any circumstances. I will bet my life on that.

    Bonnie, that picture you posted at the end really freaked me out. Oh my God.

    ReplyDelete
  11. okay..this is a bit confusing for me. maybe am not that smart..are you saying you dont believe that he michaels estate owns 50% of sony atv or what

    ReplyDelete
  12. Skiper said - "You are very good at putting the reality on a silver platter.
    I read about the case of Abdullah and Michael.
    He had felt teased by Michael. Too bad."

    ......... If reality were in the COURTROOM it would be even better. I don't believe the stories in the press about Michael and Abdullah. I think their relationship was probably a good one despite the lawsuit. I believe there was another reason behind the lawsuits post 2003 filed against Michael.
    ---------------------------------------------

    Princessglam said - "but Michael hasn't told us the details of his finances :). I'm just trying to understand it all and using you as a sounding board, because, well, no one else seems to have a clue out there!"

    ....... This is true and he couldn't. I wish more was said by him in the media, but this was SUPPOSED to be personal and private business. Michael said they were lying and I believe him. I don't need to know the details. And I don't know everything either. What I can't find from Michael or court docs I theorize from WHAT he said and try to go from there.

    Princessglam said - "The report does not say what the loans were taken out for. I use these docs as a starting point, not as gospel."

    ..... When I see this stuff now, because of the overlap of time lines (mis-information), I can't help but think of Cobain. If Michael was taken to court over contracts he said he never signed, I have NO DOUBT the same thing went on with loan paperwork. They were trying to ruin him financially because the reputation attack was not working to their desired ends.


    Princessglam said - "It seems to me that Mijac etc were used as collateral for more than one deal, including the AEG contract. Is that even legal?"

    ........ I had the same question months ago and I don't see how it is. It creates a conflict when you have One loan with one entity, you can't use the same collateral for another entity. I'm not sure how that works with intellectual property. When you get a loan for a house, you can take out a second mortgage on it and that is legal. It does not have to be with the same company and it is different than a plain refinance. My husband was paying two mortgages on his home before he married me. But then this lead to question who was taking out loans on what collateral unbeknownst to Michael? Because Michael was NOT spending that much money!

    Princessglam said - "AEG deal was to pay him $2million for the record deal? "

    . . . That's just it. What record deal? A record of a concert of all his old songs? Didn't Sony already have like three other albums out of his old songs? LOL!

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  13. Mimi said - "When William and you had conversation and let you hear Bain’s testimony, did you recognize her voice to be hers?"

    ......... Oh yeah! It was hers, definitely! Abdullah refinanced two separate loans and she said, "the Mijac loan" and the "Sony/ATV" loan.

    Mimi said - "As I follow your research, Branca was brought to Michael’s life by Sony not Michael rehire him as the bloggers claimed. Of course Sony and Branca and their supports continue their claim saying Michael fire and rehire all the time, and this was the practice he was comfortable to do without them providing any evidence to the story. Where is that Michael always fire rehire claims come from? "

    ...... Michael did NOT rehire Branca. I was told they had ONE MEETING. Branca made the inquiry, Michael was told about it, Michael sent DiLeo to see what he had to say, Michael met with him ONE TIME when DiLeo came back and told Michael what Branca wanted (which I assume was he wanted to work with Michael). I was not made privy to what DiLeo said that Branca said.

    The "hire and fire" claims come from the press, fueled by Sony and those trying to take Michael down. Michael did fire those that stole from him or he learned were trying to sabatage him. I fail to see the crime in that. If someone was embezzling from you, would YOU keep them around?


    ROFLMBO! What , you didn't like that picture? You'll have to talk to Michael about that. I don't make the pictures, I just put them up on the blog, Hahahahahaha! I like that face! It's very expressive! ♥
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    Idrag said - "okay..this is a bit confusing for me. maybe am not that smart..are you saying you dont believe that he michaels estate owns 50% of sony atv or what "

    ........ No, I'm saying that the Sony/ATV is in a trust. The estate manages it but I don't think they can do much else with it. That's what I am saying. It IS confusing. That is by design.
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