Video Ploopy678 summarizes the SM situation (1 Viewer)

[Moguri]

just tagging the users most invested in this drama
@the101 @Abeamus @RandAlThor

 

[seungfloral]

Tbh i think she summarized it very well

 

[Moguri]

Tbh i think she summarized it very well

I thought so too!

Also I learned some interesting new things, I had no idea how bad LSM contracts with SM really were at the end and the runtime until 2092 no wonder he also tried to bound the idols to endless contracts

Also funny the interpol pic

 

[seungfloral]

I thought so too!

Also I learned some interesting new things, I had no idea how bad LSM contracts with SM really were at the end and the runtime until 2092 no wonder he also tried to bound the idols to endless contracts

Also funny the interpol pic

I knew about that one, but i didnt know about the share dilution. Like that seems shady af too

 

[Moguri]

I knew about that one, but i didnt know about the share dilution. Like that seems shady af too

yep, but I guess thats why the courts are now deciding in LSMs, or better said, Hybes favor

 

[seungfloral]

yep, but I guess thats why the courts are now deciding in LSMs, or better said, Hybes favor

I mean LSM sold his shares fair and square. I would be attacking the inane long contract between the producing company and sm

 

[Moguri]

I mean LSM sold his shares fair and square. I would be attacking the inane long contract between the producing company and sm

But according to the vid, SM shareholders already managed to terminate those beforehand

 

[RandAlThor]

But according to the vid, SM shareholders already managed to terminate those beforehand

no that is not true watch the hybe video.

They killed the 6% deal in sept / dec they cant get the dates teh same, but he was still getting 3% for the next 70 years. along with another big chunk for 3 more years.

as part of the deal with hybe he gave up all that money.

I wouldn't worry about the Interpol deal he played fast and loose with the law to get the company started.

not unusual.

heck the guy who founded FedEx took company fund to vegas and played black jack because they did not have money to make payroll.
He won enough to make payroll and went home. but had he lost prison for sure.

 

[Moguri]

no that is not true watch the hybe video.

They killed the 6% deal in sept / dec they cant get the dates teh same, but he was still getting 3% for the next 70 years. along with another big chunk for 3 more years.

as part of the deal with hybe he gave up all that money.

I wouldn't worry about the Interpol deal he played fast and loose with the law to get the company started.

not unusual.

heck the guy who founded FedEx took company fund to vegas and played black jack because they did not have money to make payroll.
He won enough to make payroll and went home. but had he lost prison for sure.

I'm not sure what the % you mention are referring too? I meant the exclusive production deals with LSMs companies "Like production" and the other similar one. Also would he still get % if he dies? I'm pretty sure he will not live until 2070 or he will transfer his mind to kwangya and live on as AI Lee Soo Man

I saw a small documentation about the fedex guy too, that was pretty crazy. But as I remember it, they did not have enough money to buy the gasoline for the airplanes they needed to transport the packages and the company would go bankrupt, thats why he gambeld. I think it was also not like extreme winnings, like he made 10k into 26k? which was just enough to keep the company running

 

[RandAlThor]

I'm not sure what the % you mention are referring too? I meant the exclusive production deals with LSMs companies like production and the other similar one. Also would he still get % if he dies? I'm pretty sure he will not live until 2070 or he will transfer his mind to kwangya and live on as AI Lee Soo Man

I saw a small documentation about the fedex guy too, that was pretty crazy. But as I remember it, they did not have enough money to by the gasoline for the airplanes they needed to transport the packages and the company would go bankrupt, thats why he gambeld. I think it was also not like extreme winnings, like he made 10k into 26k? which was just enough to keep the company running

5 k to 26 k but yea they take risks 9-5 ppl would never dream of.

ok what they did was freeze lsm out of producing thru the like planning in either Oct or dec that was teh 6% deal. But he was still getting 3% of al management money until 2025 i think and 3% royalties for the next 70 years, does not matter if he live its willable as an asset.
The Hong Kong company was untouched in SM's proposal with kakao so he was still controlling that.

 

[seungfloral]

But according to the vid, SM shareholders already managed to terminate those beforehand

Yeah but didnt the ctp, tge chinese one still exist?

 

[the101]

"Should all chefs be paid the same?" Lord..

That was a great overview of everything.

 

[Moguri]

Yeah but didnt the ctp, tge chinese one still exist?

I understood she mentioned they got rid of that one too later on, but not really not sure now

 

[Moguri]

"Should all chefs be paid the same?" Lord..

That was a great overview of everything.

haha, seing him defend his uncle like that is really weird in hindsight.. the arguments he made where so weak too and everyone else in the room was just like yeah yeah right