Guest CubbyBear Report post Posted April 12, 2004 Yes, there is. The investor has no power in ROH. He doesn't know ANYTHING that really goes on there. Why should HE sign ANYTHING for something he doesn't ACTIVELY control. They wanted the CEO to sign it. He did. That should have been the end of it right there. -=Mike LOL who are you kidding? An investor that puts his money into a company has no power in the company and doesn't know anything that goes on there? Did he just give them money out of the goodness of his heart? That's like saying Panda Energy has no say in what goes on in TNA. Share this post Link to post Share on other sites
Guest MikeSC Report post Posted April 12, 2004 Yes, there is. The investor has no power in ROH. He doesn't know ANYTHING that really goes on there. Why should HE sign ANYTHING for something he doesn't ACTIVELY control. They wanted the CEO to sign it. He did. That should have been the end of it right there. -=Mike LOL who are you kidding? An investor that puts his money into a company has no power in the company and doesn't know anything that goes on there? Did he just give them money out of the goodness of his heart? That's like saying Panda Energy has no say in what goes on in TNA. Panda put Dixie Carter in charge. The fact that nobody had HEARD of the investor shows how little influence he held. He was a "silent investor" for a reason. -=Mike Share this post Link to post Share on other sites
Guest CubbyBear Report post Posted April 13, 2004 Panda put Dixie Carter in charge. The fact that nobody had HEARD of the investor shows how little influence he held. He was a "silent investor" for a reason. Nobody heard of him because ROH claimed that Gentry owned 100% of the company which was a lie. It turned out that there was a silent investor, which no one knew about thanks to ROH, that owned a substantial amount of stock in the company. TNA rightfully wanted all of the people that had ownership in the company to sign the agreement and they didn't. TNA excersized their right to protect their company. Share this post Link to post Share on other sites
Guest MikeSC Report post Posted April 13, 2004 Panda put Dixie Carter in charge. The fact that nobody had HEARD of the investor shows how little influence he held. He was a "silent investor" for a reason. Nobody heard of him because ROH claimed that Gentry owned 100% of the company which was a lie. It turned out that there was a silent investor, which no one knew about thanks to ROH, that owned a substantial amount of stock in the company. TNA rightfully wanted all of the people that had ownership in the company to sign the agreement and they didn't. TNA excersized their right to protect their company. No, they want somebody they can fleece when their TV deal goes south. -=Mike Share this post Link to post Share on other sites
Guest CubbyBear Report post Posted April 13, 2004 No, they want somebody they can fleece when their TV deal goes south. -=Mike LoL nice cop-out. Atleast they've actually been on TV. Share this post Link to post Share on other sites
Guest MikeSC Report post Posted April 13, 2004 No, they want somebody they can fleece when their TV deal goes south. -=Mike LoL nice cop-out. Atleast they've actually been on TV. Nice cop-out for them. The FSN deal is bad. TNA will be LUCKY to pull down a .5. Very lucky. So, they will be cut shortly after they debut. And they want to be able to blame ROH for their problems and sue them for money. Just because Gentry signed a horribly written and exceptionally vague document doesn't mean anybody else should. -=Mike Share this post Link to post Share on other sites
Guest OSIcon Report post Posted April 13, 2004 TNA shouldn't have tried to hold anyone "personally liable" in the first place. The whole point of a corporation is that it is its own entity and therefore no one person(s) are completely liable for the company's finances. TNA probably would have found better success if they asked Doug to sign a document making Ring of Honor (as a corporate entity) liable for any problems they may occur, ect. Of course, even then the document needs to be a lot more specific, but it would at least be a step in the right direction. It makes a lot more sense and is much more common to hold the corporation liable instead of holding the CEO and an investor personally liable. Share this post Link to post Share on other sites
Guest TDinDC1112 Report post Posted April 13, 2004 He doesn't know ANYTHING that really goes on there. You're kidding, right? Share this post Link to post Share on other sites
bob_barron 0 Report post Posted April 13, 2004 No, they want somebody they can fleece when their TV deal goes south. -=Mike LoL nice cop-out. Atleast they've actually been on TV. ROH had their own TV show called High Impact TV. So yes- they've been on TV. Share this post Link to post Share on other sites
Guest Jay Z. Hollywood Report post Posted April 13, 2004 (edited) No, they want somebody they can fleece when their TV deal goes south. -=Mike LoL nice cop-out. Atleast they've actually been on TV. ROH had their own TV show called High Impact TV. So yes- they've been on TV. Yeah, but it only aired on one station- WGTW in Philly, where all the indy shows were put on TV (CZW, Wildside, XPW). And it was the lowest rated of all 3, and pulled after a little under 20 episodes when it wasn't helping the live gate or tape sales. <-owns High Impact TV episodes- master for sale if anyone is interested. Edited April 13, 2004 by Jay Z. Hollywood Share this post Link to post Share on other sites
Guest CubbyBear Report post Posted April 13, 2004 Nice cop-out for them. The FSN deal is bad. TNA will be LUCKY to pull down a .5. Very lucky. So, they will be cut shortly after they debut. And they want to be able to blame ROH for their problems and sue them for money. Just because Gentry signed a horribly written and exceptionally vague document doesn't mean anybody else should. Well they can deal with not having some of their top stars then. Share this post Link to post Share on other sites
Guest MikeSC Report post Posted April 13, 2004 Nice cop-out for them. The FSN deal is bad. TNA will be LUCKY to pull down a .5. Very lucky. So, they will be cut shortly after they debut. And they want to be able to blame ROH for their problems and sue them for money. Just because Gentry signed a horribly written and exceptionally vague document doesn't mean anybody else should. Well they can deal with not having some of their top stars then. By all accounts, they'll do just fine. Besides, didn't most of the guys sign 1 year deals? They'll be coming up for renewal soon. -=Mike Share this post Link to post Share on other sites
Guest TDinDC1112 Report post Posted April 13, 2004 Nice cop-out for them. The FSN deal is bad. TNA will be LUCKY to pull down a .5. Very lucky. So, they will be cut shortly after they debut. And they want to be able to blame ROH for their problems and sue them for money. Just because Gentry signed a horribly written and exceptionally vague document doesn't mean anybody else should. Well they can deal with not having some of their top stars then. By all accounts, they'll do just fine. Besides, didn't most of the guys sign 1 year deals? They'll be coming up for renewal soon. -=Mike 1 year deals with TNA's option for a second year. No one is going anywhere for awhile. Share this post Link to post Share on other sites
Vyce 0 Report post Posted April 13, 2004 Joe Styles weighs in on the TNA / ROH situation. He brings up a lot of the same issues I have with ROH - namely, their handling of the Feinstein situation has been laughable at best. I have no confidence or trust in just about anything they say now. Share this post Link to post Share on other sites
Michrome 0 Report post Posted April 13, 2004 Of course, a quick check of the PA DoR absolutely does not confirm what he says. Further, there were no RoH updates on 1W for the 2 weeks before the Feinstein incident. People are just waiting for someone on their side to come out with a column, and then agreeing without thinking at all. They sure don't have a problem making money off that Video store on their site, do they? The one RoH is the number 1 seller on? I think Samoa Joe said it best: "ROH/TNA deal... Silly, I hope the children can stop fighting long enough so we can go back to REAL BUSINESS and my friends can go back to making the money they deserve! I especially love how this is fodder for a couple of wrestling websites to feud over. Remeber when wrestling websites reported actual news not created it and made themselves the center of attention. Then again what is the use of focusing energies on a resolution when all this marvelous controversy makes for such site hit splendor! Thank you all, for your great thought and consideration when toying with our livelyhood." Share this post Link to post Share on other sites
Michrome 0 Report post Posted April 13, 2004 And yes, the deals have a 1 year option for TNA, another thing many of the dumbass wrestlers had no clue about when they were lead by the nose into these contracts. Further, it appears that TNA is using the vague word "competition" as their legal excuse to deny their workers a place to work, citing RoH's national DVD deal. Share this post Link to post Share on other sites
Guest OSIcon Report post Posted April 13, 2004 Of course, a quick check of the PA DoR absolutely does not confirm what he says. Yea, I checked out their website and couldn't find any mention of a form or any notification that needs to be given when a change in ownership/management structure takes place. It is likely this information needs to be put on tax filing forms when a corporation files their taxes with the Dept. of Revenue, but that's a whole different story then. Share this post Link to post Share on other sites
Guest TDinDC1112 Report post Posted April 13, 2004 -I don't see how any of this has to do with a feud between 1W and PWI. -I feel ROH is direct competition for TNA. However, for TNA to explain this as they now have a national DVD deal is insane. That's not why they're competition. Share this post Link to post Share on other sites
Michrome 0 Report post Posted April 13, 2004 ROH is no more direct competition than IWA-MS, ECWA, or PWG is. If you're going with the X amount of dollars to spend, those feds sell lots of tapes too. Share this post Link to post Share on other sites
Guest TDinDC1112 Report post Posted April 13, 2004 ROH is no more direct competition than IWA-MS, ECWA, or PWG is. If you're going with the X amount of dollars to spend, those feds sell lots of tapes too. Right, which definitely feeds into the thinking that TNA is just out to get ROH, which definitely plays a part in this whole thing. Share this post Link to post Share on other sites