legal Balance of payments issue from leading industry domainer/broker Kevin Leto

[KRL]

James then list them wherever you prefer. I'm trying to give you as much distribution as possible
so you increase your sales price potential.

I'm not in denial about anything. I'm working to find solutions to resolve this.

 

[AhmedF]

I'm still curious where this magical March 31 date from?

 

[eeedc]

does one stay 'loyal' to bernie maddof, jeffery dahmer etc etc

O.J. Simpson is back in the news today because his lawyers are back in court.

OJ is in a Nevada prison, not for double murder, but because he tried to recover allegedly stolen (according to O.J) sports memorabilia.

O.J. is in prison because he tried to recover property with a gun, which is armed robbery. (OK they may have thrown the book at OJ for other reasons).

The point is that if someone has your property or your money, YOU HAVE TO FOLLOW THE LAW, and there are plenty of debt collection and harassment laws that protect even people like Kevin. Now Kevin is a cannibal?

 

[KRL]

The point is that if someone has your property or your money, YOU HAVE TO FOLLOW THE LAW, and there are plenty of debt collection and harassment laws that protect even people like Kevin. Now Kevin is a cannibal?

I'm a vegetarian.

 

[eeedc]

I'm still curious where this magical March 31 date from?

Parable:

A prisoner is about to be executed in medieval times.

The king shows up and asks if he has anything to say.

The prisoner says, “I can teach your dog to talk in one year; if I don’t you can execute men then.”

The king says OK.

Later another prisoner asks why he promised to teach a dog to talk, which is impossible.

He says, the King may die or be overthrown in a year.

 

[razorblade]

The point is that if someone has your property or your money, YOU HAVE TO FOLLOW THE LAW, and there are plenty of debt collection and harassment laws that protect even people like Kevin. Now Kevin is a cannibal?

Not exactly the point I was trying to make. Anyway, I am sure Kevin will be delighted to know that this is my last post on the matter.....

 

[impulse]

Kevin,

If you own men.com (or any other big domains) like somebody here mentioned, why would you just not get a loan on it, like from lender such as http://www.domaincapital.com ?

You could easily get loan for $100,000+ on it, which would pay everybody back and give you the cash flow you need. In fact, instead of doing a sale/leaseback to raise money to flip new domains you want to buy, why would you not just get a loan on men.com instead and use that money to flip the domains? The 15% loan interest rate (or whatever it currently is) is lower than what you are paying on the sale/leaseback, and much less trouble for you.

 

[KRL]

I've outlined the concept in depth Impulse. Please read all my posts on this thread. The idea isn't
designed for the small universe of high end domains with traffic. It's for the larger base of long tail keyword
domains. Anyways I'm analyzing more ideas from all the discussions we've had here to make
FIDs more easy to understand and viable on the sellers side using less of an ROI and longer term periods.
It also wasn't a system just for my domains, but eventually so everyone could use this program to sell their
domains to small business end users and give them a little traffic and income stream from the get go after year 2.

 

[impulse]

Kevin - I was not suggesting in any way that you do the sale/leaseback program with as big domain like men.com. What I am saying is that since you are having cash flow problems, why would you not just get a loan on men.com to pay all the people you owe money to?

 

[KRL]

Read the posts. It just takes much longer to sell domains on the lower tier now. Cash flow is cash flow. Like a river it goes fast
at times and slow at times, and since I do a lot of ventures each project has to stand on its own capital and flow and if something impacts a project
and it falters off its business plan, you have to do a "time out" to restructure and get the component making it not work fixed
and profitable. If a project keeps going while it's not profitable then it can turn into an unfixable disaster. The flexibility on payment
dates helps to offset the impact of the market slowness. I understand James point though.

 

[audubon]

He's not listed as a member of Men.com, LLC (the Florida company reported as the registrant of men.com); does this indicate he lacks control of the domain? (Appears he was originally listed but was deleted in 2006).

 

[KRL]

We have some decisions based on a majority vote of LLC members and the most important
decisions require a super majority vote. That's the best way to structure an LLC when you
have several members (shareholders) and you want to keep everything proportionately
balanced as to capital and management positions.

 

[eeedc]

Googleing Men.com LLC yields much speculation on DNF and elsewhere on how much Kevin ever owned of Men.com and what the real "sales" price was. For example from http://www.dnforum.com/f17/porno-com-new-source-poker-mortgage-viagra-traffic-thread-83035.html is:

"Interesting how the Men.com sale was allegedly: sold by a Boca person to another Boca entity, sold involving at least some payments, sold including another domain DirtyJokes.com --but yet was ballyhooed as an all cash deal that neglected to mention most of those other details, details which mostly came out in the forums.

Was the MEN.COM "sale" really an arm's length transaction? Who exactly ARE the members of MEN.COM, LLC? Are you, Rick, a member of MEN.COM, LLC? Come on Rick, THAT is the question to answer, if you dare.

Was the MEN.COM really a massive publicity stunt that worked --or a SEC grade tombstone transaction? You, Gentle Reader, should decide."

 

[silentg]

Is anyone going to get paid by this guy?

 

[razorblade]

Is anyone going to get paid by this guy?

Kevin,

Based on your latest email to me last week that a deal is 'just about to close' for you - can you finally give me an exact payment date for all outstanding back payments that you owe me and my clients.

I am sure that you are well aware of my health issues - including having to use oxygen 24/7, so this gets more and more stressful with every passing day that you leave me up shits creek........

 

[KRL]

Yes I am aware of your health issues. I will e-mail the exact day to you the very moment I have the exact inbound $ time.

Kevin

---------- Post added at 08:27 PM ---------- Previous post was at 08:20 PM ----------

And that makes two of us. I lost 5 lbs this week. So the one good thing that came out of this, I finally reached my goal of 173 lbs
and now have my BMI an "NORMAL Weight" and I'm no longer in the "overweight" category. It took me 1 year to get down from
a big and beefy 275 lbs to the 170's weight range I was in my 30's again.

And best of all I accomplished good health with a natural weight loss program and no diabetic meds at all.

If anyone is struggling with being very overweight e-mail me and I'll send you the weight loss method I used over the last year.

 

[razorblade]

[/COLOR]I lost 5 lbs this week. So the one good thing that came out of this, I finally reached my goal of 173 lbs
and now have my BMI an "NORMAL Weight" and I'm no longer in the "overweight" category. It took me 1 year to get down from
a big and beefy 275 lbs to the 170's weight range I was in my 30's again.
And best of all I accomplished good health with a natural weight loss program and no diabetic meds at all.
If anyone is struggling with being very overweight e-mail me and I'll send you the weight loss method I used over the last year.

Talking about your personal health plan successes on a thread concerning your broken promises and defaulting payments stretching back for two months and counting to a boatload of people is blatantly a diversionary tactic you have employed again and again and is totally nauseating......

You have the money to pay me back NOW.How much longer do you think you can keep this charade up of 'money coming in' for. Look back at your facebook pm to me dated a month ago regarding my February payment.......just more empty words.....taking money from someone who is almost on the way out and conning them is beyond comprehension...

James Barclay February 22 at 12:48pm
kevin - please can you tell me when i will get the 800 dollars for the month of february. i would like you to give me a firm date please

Kevin Leto February 23 at 4:12am Report
I'm expecting to close some sales this week. Your first in line for payments.

 

[eeedc]

You have the money to pay me back NOW. [/I][/B]

You don’t KNOW that he has the money to pay you back, much less pay everyone. You don’t even know if he owns Men.com or what he owns, owes or his income. Even if he does not own all of Men.com, a good lawyer might be able to strip other “partners” of their rights in Men.com if they let others think he owned it. But don’t give a debtor’s lawyer any counter-claim by using over-the-line debt collection techniques.

 

[razorblade]

but don’t give a debtor’s lawyer any counter-claim by using over-the-line debt collection techniques.

lol

 

[eeedc]

You just made a public statement that someone 1) has the money to pay you back now and 2) is not doing so because of his low moral character. Any lawyer can make a counter-claim out of that.