Seeing a lot of takes like this from Fifty Fifty stans
External Content twitter.comContent embedded from external sources will not be displayed without your consent.Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.
I mean.....yes? It is his company and he can do whatever he wants with it?
Warner deal made more business sense if he was in it for the long run. Better for the girls too. Even if he could pull of a public listing without a financial track record, I think he'll just be moving on to his next thing after pulling a cash grab at the expense of the girls.
Another thing that is really stupid and is actually part of FF's lawsuit is that 8 billion won and how it was spend.
External Content twitter.comContent embedded from external sources will not be displayed without your consent.Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.
Like this is an like a Tesla employee suing Elon for using Tesla's money to but Twitter. This is how crazy it sounds. It is none of anyone's business how company spends its money.
Well, the Tesla employee isn't personally on the hook for what Tesla spent for Twitter, FF has to repay at least 6B of that 8B. Even worse, the girls never agreed to the it. How could they if they weren't even allowed to know the number - it took a lawsuit for it to be revealed.
But yeah, companies are in Kpop for the money, many Kpop fans tend to suspend that part of reality.
Well, the Tesla employee isn't personally on the hook for what Tesla spent for Twitter, FF has to repay at least 6B of that 8B
Debunked already
Debunked already
Ok, let's hear it
i don't think they were never going to get paid. Fiftyfifty members just didn't had any patience.
i don't think they were never going to get paid. Fiftyfifty members just didn't had any patience.
I doubt they were ever gonna get paid
I doubt they were ever gonna get paid
I doubt your doubt
I doubt your doubt
I doubt your doubt about her doubt.
Ok, let's hear it
Money was given to Starcrew for their current groups (mainly one dude who is former wannaone). This was before FF was even named. They knew some of that money ended up going to FF but didn't care, they expect their payback from the company not the group.
They even dropped statements explicitly saying this. Doesn't mean Attrakt didn't use/intend to use FF profits to pay it back, its just clear the investors only wanted Attrakt and Starcrew on the hook for it. This invvestment model is used alot in the west, just mostly used by artists with agencies not investor to agency like this situ.
I doubt your doubt about her doubt.
I want proof
I doubt your doubt
I doubt your existence
I doubt your existence
I don't exist
they would have never considered leaving for money if he handled the trademarking/copyrights well. the ceo is incompetent lets be honest. he gave the group the exit route and they took it. small company stuff
There's certainly an element of legitimate suspicion to raise about the rush to put a rather empty business on a stock market/IPO etc.
This is a tactic that was used quite often in the dot com boom and so on - create a company that appears to have assets or potential for growth, but lacks rather basic fundamentals and structure to support that, ceo and founders cash out, and then the company inevitably busts or is sold for cents on the dollar to another company down the line.
In this case you have the girls signed to a contract with the company, and extremely haste in going public without any sound business fundamentals appears to me a way to cash out on their current visibility, but such a tactic never really sets up long term success. Whatever you think of the situation, it's pretty legitimate to raise some concern at such a tactic.
I'm reminded of when MNH changed almost all management after Chungha carried that label to their best results - management cashed out and moved on with a better CV, and the company inevitably declined and Chungha has suffered since.
Money was given to Starcrew for their current groups (mainly one dude who is former wannaone). This was before FF was even named. They knew some of that money ended up going to FF but didn't care, they expect their payback from the company not the group.
They even dropped statements explicitly saying this. Doesn't mean Attrakt didn't use/intend to use FF profits to pay it back, its just clear the investors only wanted Attrakt and Starcrew on the hook for it. This invvestment model is used alot in the west, just mostly used by artists with agencies not investor to agency like this situ.
Yes, Interpark advanced 8B to Starcrew and they don't care as long as money's coming in and they don't get dragged into the FF-Attrakt lawsuit. I made a long post about that yesterday (post 13, RE: FIFTY FIFTY might lose against their ex Ceo)
However, out of the 8B, 6B was included in the settlement details of Fifty Fifty belonging to Attract. So the girls are directly on the hook for the 6B. This 6B is much of what the lawsuit is about - Attrakt isn't disputing this; their lawyer argued that the members agreed to the debt repayment structure. Fifty Fifty is arguing they never agreed to it.
Don’t have an account yet? Register yourself now and be a part of our community!
