Posts by Fluffers
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This thread is pointing out that Lee Jinho has said he's a close friend of BigHit's Vice President.
There is another article (not related to this thread) stating that what Hybe brought forward Weren't actual screenshots of MHJ's ktalks. So there's concern over the validity of the screenshots being presented.
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btw MHJ holds the burden of proof in this case as she issued the injunction. The onus is on her to prove that Hybe should not be allowed to use its shareholder rights to remove her at the general shareholder meeting.
I feel this is less important than the criminal charges no?
Cause this is about what is within the rights of a company to do
Whereas criminal proceedings determines the stock option, yeah?
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bc there aren't articles reporting on his video. others have already said that in this thread. he said in the video that he reached out to ador for comment and that the texts were the ones submitted in court. that is info from him, not an article.
See, I'm very skeptical to believe Jinho.
He's got a very bad track record and has lined up with companies before.
I remember him for his Chuu slander and him trying to Frame Omega X.
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allegedly the journalist reached out to ador for comment and they only said "its out of context". that defense implies that they are real, but just clips of greater convos. which still doesn't excuse any of the phrasing
I don't see any corresponding article on this.
There's an article about Ador's side stating that some text messages aren't admissable and the court agreeing
And there is Lee Jinho's video.
There isn't however anything confirming those messages in Jinho's video are the ones submitted to the court nor that MHJ commented on them.
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i don't know why people are so confused over the "debut time"
We have dozens of examples of idols not being able to debut with a particular group because dates were pushed back.
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After Baekhyun exposed SM for pressuring him into renewing his contract, I've become more skeptical of Kpop companies, especially the big ones. Hybe's spending habits are worrying. Last year, 11 out of their 18 subsidiaries operated at a loss, with their China branch losing 300 billion and Hybe America 142.4 billion. Even though Big Hit made the most profit at 140.3 billion, it's not enough to cover these losses. This shows that Hybe would struggle if BTS left. They'll likely do everything to keep them, especially with all members in the military, they will go to great lengths to retain them and reassure shareholders. MHJ isn't perfect, but their attempt to kill her through the media with all the mediaplays they are doing now instead of using proper channels makes me concerned about BTS's safety under the company.
Their chinese branch lost 300 million not 300 billion.
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wait, that's literally just vanilla ware, what the fuck?
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Those numbers don't make sense at least for what they're saying the reason is.
They probably just dumped all their major expenses in this quarter and are covering it with the debuts
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i think it only became a problem because her written plan was literally to cancel nwjs' contracts and make adore a shell of a company.
That doesn't get to the core though.
If that shit was there from moment 1... then that issue predates any plans. Hybe didn't say they reorganized it and MHJ was trying to change it back.
They suggest that's how it was from moment one.
So if that is the case... what is the point of the managerial teams of any of these sublabels?
If the contract terms are controlled by HYBE... why would seventeen need to bother with any Managerial person in Pledis?
That position in essence isn't really real. HYBE would be who determines their contract renewals.
Like I doubt Lovelyz contract termination was overseen by Lee Sooman back in the say
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I have a question.
Why has this degraded to managerial changes?
Wasn't this being elevated to criminal charges... so why is this completely litigation related?
Like shouldn't we be getting judgements for insider trading or lawsuits from Hybe?
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The issue however is that the increased valuation she brought forward comes with the caveat that she's got a 5 year noncompete to go through in addition.
So one has to ask. Is it fair or not to request an increased valuation on the basis that you're locking yourself to a company/no work besides that company for half a decade?
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Looking at the info provided
In essence, the stalemate was over the fact that Hybe wasn't willing to remove the noncompete and wasn't willing to increase the put option.
Whether the Put option is a valid amount or not is completely up to whoever, however the other option(of removing the Noncompete) was never viable.
The initial contract obligation was that MHJ has to work for Hybe until November 2026.
Hybe's revisal proposal included the need for her to work for them until 2029.
This revisal also includes moving her ability to exercise the put option later than 2024.
MHJ counter offer stated if the noncompete isn't being removed she wants the put option increased by more than double. 13x was what had already been agreed to. So 30x was put forward under the basis that she's have to take the 2029 agreement.
Hybe would not budge on increasing the put option
Hybe's argument being that with that large a put option, MHJ would have the actual ability to take control of Ador.
Hybe also claims that they agreed to buy remaining shares (the 25% wihout the put option) and MHJ is claiming no such variable was ever put forward.
It should be noted all of this would be before any of the whole back and forth about taking over the company or conflict relating to illit as it was back in Dec 2023.
