Ivy, how would Michael, as co-owner of Sony/ATV fund acquisitions if not through loans? As a private individual and co-owner, Michael never had to fund an acquisition?
Let me try with an example
I go to a bank and get a $5,000 personal loan from a bank. I have to pay it back from my own pocket.
I go to a bank and get $5,000 business loan to buy an oven for my bakery. I make and sell pies. I pay back my loan from my sales revenues. I don't use the money in my pocket.
is what I'm trying to say clear now? The same document that I got the graph from shows this too. sony/atv brings $500Million in gross revenues, they pay expenses , they pay songwriters, they pay debt from this. So what I'm trying to say that this is a business loan that's being paid from business revenues.
You have seen the accounting. What personal expenses are worth half a billion?
I have posted the accounting documents publicly. They weren't itemized but I can post the 1999 monthly expenses for you.
Documents filed in the Los Angeles Superior Court in September of 1999 show that Jackson spent $95,700 on the gardening alone to maintain the sprawling Neverland Ranch. Security costs totaled another $51,900. Upkeep on his famous zoo/amusement park was another $66,200 and housekeeping/PR expenses stood at around $60,200 bringing the grand total monthly household expense to an astonishing $358,600. When it came to personal expenses, the court documents show Jackson reportedly forked out $178,100 on legal services, $120,000 on personal/property insurance, $25,600 on medical needs, $42,600 on gifts -- but only $100 a month on entertainment. Overall, his personal expenses were estimated at $1,420,600 monthly. In addition, MJ spent $85,500 on transportation and a further $475,200 on MJJ Productions and Optimum Productions.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt.
Sony could sell a portion of Mijac provided they owned such portion.
Per 1st accounting, it doesn't look like they did.and seems like we agree.
This is the type of fruitful discussion that can occur between posters when the focus is understanding the information in Sony's leaked emails instead of posters focusing on erroneously labeling each other as anti-Estate and/or conspiracy inclined.
I agree and don't forget the other side as well. I'm not talking about you personally and I want to make that clear. If posters came to this thread calm and respectful to discuss and only to discuss, it could be a productive discussion. But if people come to such threads all angry, disrespectful, attacking and accusatory and unwilling to listen to anything, it doesn't help the discussion.