I don't know what, but he won't go to prison. I think these trips to the hospital could be setup's for something related to an escape plan.
If convicted, Jackson is going to pull something huge
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Look at the jury makeup. There are several jurors on there that could be shown to have pre-existing biases, and thus forming grounds for an appeal. I think Jackson's defense attorney knew this when he didn't challenge those few people.Comment
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I thought he settled most of his debts though.Originally posted by JaceXXXnah, i think he will kill himself
he is already like $150mil in debt and his lawyers are saying that he needs to be on suicide watchComment
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roman polanski has reportedly offered to let michael crash at his place for awhile.Comment
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MJ first off isnt broke - he has alot of assets to sell and will definitely be back in power soon. He has to stop his spending - apparently hes going over 20 Million a year then what he brings in. he can sell the rights to the Beatles songs for around 400 Million.. so dont kid yourself.... plus he has a deal going on to star in Vegas doing shows at the new casino opening up.
Truth is, that the jury has to come up without a reasonable doubt he is guilty. that is the key word.. even if they are 99% sure.. that 1% will get him off on all counts. The mother and other witnesses were fucking things up enough to guarantee that. Plus the star power for Jackson will make anyone in the jury doubt even 1%.
He will be free, and within a year after he learns to stop spending more than he makes, will be back - and a vegas showlineComment
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Originally posted by TheLegacyMJ first off isnt broke - he has alot of assets to sell and will definitely be back in power soon. He has to stop his spending - apparently hes going over 20 Million a year then what he brings in. he can sell the rights to the Beatles songs for around 400 Million.. so dont kid yourself.... plus he has a deal going on to star in Vegas doing shows at the new casino opening up.
Truth is, that the jury has to come up without a reasonable doubt he is guilty. that is the key word.. even if they are 99% sure.. that 1% will get him off on all counts. The mother and other witnesses were fucking things up enough to guarantee that. Plus the star power for Jackson will make anyone in the jury doubt even 1%.
He will be free, and within a year after he learns to stop spending more than he makes, will be back - and a vegas showline
Odds are he will be convicted of some counts, but not all. You are saying he will get off on all of them?Comment
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Originally posted by detoxedOdds are he will be convicted of some counts, but not all. You are saying he will get off on all of them?
I hate to say it - but yes - I do think that he will not be convicted.
Not because I dont think hes guilty, but because I really dont trust the courts these days. Robert Blake, OJ.. do I have to go on??Comment
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http://www.cnn.com/2005/BUSINESS/06/...ces/index.html
recently CNN article
(CNN) -- Michael Jackson may have earned more than half a billion dollars over his career, but now he's having trouble paying the bills -- and his lenders say the pop star's entire fortune is at risk.
"He is not broke, he is still asset rich -- he has assets of value," says Brett Pulley, senior editor at Forbes magazine
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He probably has over 3/5 of a billion in assets.. but as the story reads, he has a cash flow problem. so hes not poor.Comment
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My original thought was that he wouldnt go to jail but then again I thought the same about Martha.TopBucks.com| PlugInFeeds.com| PinkVisual.com
I am not one of those girls that go Mobi ing around my mobile solution is for you and you only.
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Yeah, I think he is miserable.Originally posted by JaceXXXnah, i think he will kill himself
he is already like $150mil in debt and his lawyers are saying that he needs to be on suicide watchComment
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He looks like a dead man walking already. I don't think he'd last a long time with all this going around him.Comment
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NICE..Originally posted by animal motherroman polanski has reportedly offered to let michael crash at his place for awhile.
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Yes but martha really did not do anything.Originally posted by jhauserMy original thought was that he wouldnt go to jail but then again I thought the same about Martha.Comment
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I bet he'll disguise himself as a black dude and leave the statesOriginally posted by Matt 26zI don't know what, but he won't go to prison. I think these trips to the hospital could be setup's for something related to an escape plan.
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http://www.hindustantimes.com/news/1...0,00110005.htm
Jackson kept spending even as his fortune dwindled
Associated Press
Los Angeles, June 9, 2005
In the decade since Michael Jackson was first accused of child molestation, his record sales have plummeted, his concert dates have been few and far between and his income has dwindled as well.
Still, the entertainer has maintained an opulent lifestyle, so lavish that prosecutors maintain he spends like a billionaire on a millionaire's budget.
Many details about Jackson's finances remained sketchy during the proceedings. But forensic accountant John Duross O'Bryan testified that the singer had an "ongoing cash crisis" and was spending US$20 million (euro16.2 million) to US$30 million (euro24.3 million) more per year than he earned.
A balance sheet dated June 30, 2002, indicated Jackson had assets of US$130 million and liabilities of US$415 million, O'Bryan said. The testimony included references to memos by Jackson financial managers warning that to balance the books and clear huge loans held by Bank of America Corp., he might have to sell his share of up to 50 percent of Sony/ATV Music Publishing, which owns and administers copyrights to thousands of songs, including the words and music to 251 Beatles tunes.
Analysts estimate Sony/ATV could be worth as much as US$1 billion (euro810 million).
The catalog provides Jackson a steady stream of income and has been used as collateral to secure US$200 million (euro162.3 million) in loans from Bank of America.
The prospect of selling his stake in the catalog has split Jackson's advisers. In recent months, some urged him to rid himself of debt by selling part or even all of his music publishing holdings, said the Rev. Jesse Jackson, who has advised the entertainer on personal matters.
In April, the pop star faced the possibility of losing the catalog to foreclosure when he was a day late making a US$3 million payment to Bank of America, said the Rev. Jackson, who contacted the company's president on behalf of the singer.
The move "worked out well and Michael no longer has a cash flow problem," the Rev. Jackson said. "It was really unnecessary for any kind of a foreclosure. But if the foreclosure had taken place, it would have had an impact on Michael's catalog. His whole financial empire would come crumbling down."
Michael Jackson and his representatives insist that assets such as the Sony/ATV catalog and his Neverland estate ensure his financial house is in order. In a March interview by the Rev. Jackson broadcast over the Internet, the entertainer denied rumors that he is near bankruptcy.
"That's not true at all. It's just one of their many schemes to embarrass me," he said.
A spokeswoman for the pop star, Raymone K Bain, denied reports that Jackson might sell his music holdings.
"Michael is not selling his catalog," Bain said, adding that Sony had not made any overtures to buy him out.
Jackson built his fortune in the 1980s as one of the world's most popular entertainers. His 1982 album Thriller sold 26 million copies and included huge hits such as Billie Jean and Beat It. Five years later, Bad sold 22 million copies. In 1991 he signed a $65 million recording deal with Sony.
But one of Jackson's shrewdest deals was his 1985 acquisition of ATV Music for US$47.5 million. When he ran into financial problems a decade later, he agreed to a deal with Sony to merge ATV with Sony's library of songs and sold Sony music publishing rights for US$95 million. Sony paid Jackson a total of US$150 million as part of the ATV merger agreement, the Wall Street Journal reported, citing a person close to the 1995 deal.
As his financial problems continued, Jackson began to borrow large sums of money, according to a 2002 lawsuit by Union Finance & Investment Corp. that sought US$12 million in unpaid fees and expenses.
Jackson had hired Union Finance in 1998 to help straighten out his finances. The firm soon discovered Jackson was "a ticking financial time bomb waiting to explode at any moment," according to the suit, which was later settled.
By 2001, Jackson had borrowed US$200 million from Bank of America, according to court testimony. Last month, New York-based Fortress Investment Group, which specializes in troubled debt, acquired Jackson's Bank of America loan.
Bain said the move will give the pop star "greater financial strength and flexibility." Details of the deal were not disclosed. Jackson owns homes in Las Vegas and the Encino area of Los Angeles along with his 2,600-acre (1,050-hectares) Neverland ranch in Santa Barbara County. With an amusement park and zoo, the estate has an estimated value of as much as US$100 million. If the pop icon is acquitted, it's hard to estimate how much he might expect to earn from new albums or tours. His box set, The Ultimate Collection, sold just 57,000 copies last year. The Number Ones compilation album released in 2003 sold 903,000 copies, according to Nielsen SoundScan.
At this point, the terms of his recording deal with Sony are unclear. A spokesman for Sony BMG Music Entertainment said the company does not comment on its artists' contract terms. Gary Bongiovanni, editor in chief of Pollstar, a publication that tracks the concert business, said the trial may hurt Jackson's image, but not permanently.
"There'll be promoters who will be lined up to work with him if he's acquitted," Bongiovanni said.Comment
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Jackson will still be damaged goods in the minds of millions of americans even if he is acquitted.Comment
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Michael Jackson has no money problems. All the money talk is lies. The bankers are killing themselves and continue to kill themselves.Comment






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