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Old 07-29-2009, 02:04 AM   #51
SleazyDream
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50 deadbeats!
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Old 07-29-2009, 02:04 AM   #52
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So seriously, Scott - did JMan have anything to do with this?
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Old 07-29-2009, 02:06 AM   #53
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So seriously, Scott - did JMan have anything to do with this?
who are you and why are you slamming Jman?
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Old 07-29-2009, 02:07 AM   #54
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who are you and why are you slamming Jman?
I am whatever you say I am. And I'm not slamming JMan. I asked a question.
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Old 07-29-2009, 02:07 AM   #55
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that some story. hope to you get things turned around, so you can start enjoying life again.
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Old 07-29-2009, 02:10 AM   #56
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good luck to you man
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Old 07-29-2009, 02:12 AM   #57
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1. The bar didn't make rent in the first place. In spite of the vision you had and what you were able to turn it into. The club didn't cash flow in the first place. Of course, you're thinking, well I don't have to make rent to myself, right? WRONG. You were paying whatever you could rent it for by not receiving it. See.

2. The contractor got his hand in two of your pies in one oven. This means it would have been fine to have him work on two projects at two sites. It's NOT okay to let the same guy have two simultaneous projects at one site. PERIOD. You let him complete step 1- however many you have. Or you hire two. And if you hire two they better be COMPLETELY ISOLATED and even then it can be trouble.

I am not clear on how the financing went and my eyes are too tired to read in detail.. but you had alot of this on plastic? No. Next time use the plastic for 20% of whatever you were going to put on it in order to get hard money. If you're not dreaming, LTV was right... hard money and 80% less plastic used. PLASTIC CONTRACTS ARE UNINTELLIGIBLE AND THEY ARE ALLOWED TO CHANGE THE BOGUS CONTRACT AT ANY TIME AND THEY DO SO WITHOUT GIVING NOTICE. PLASTIC YOU HANDLE WITH CARE AND USE SPARINGLY.
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Old 07-29-2009, 02:13 AM   #58
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Don't even get me STARTED on the 50k becoming 100k, then 300k.. don't even fucking get me STARTED on THAT. No fucking WAY. Map the project out into STEPS and PAY AS YOU GO. PERIOD.
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Old 07-29-2009, 02:15 AM   #59
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Jesus H Christ and come into my property and steal tools and money?
Would you prefer .357 or 12 gauge on the way out?
Christ
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Old 07-29-2009, 02:16 AM   #60
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Don't even get me STARTED on the 50k becoming 100k, then 300k.. don't even fucking get me STARTED on THAT. No fucking WAY. Map the project out into STEPS and PAY AS YOU GO. PERIOD.
you obviously never built a damn thing, people who build shit for decades always find themselves spending way more than they planned, permits, problems you didnt see coming and a million other things
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Old 07-29-2009, 02:17 AM   #61
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So sorry to hear that Scott.

If you need anything, let me know bud.

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Old 07-29-2009, 02:17 AM   #62
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I am whatever you say I am. And I'm not slamming JMan. I asked a question.
i only answer to people, not cowards making blind accucations not based on any facts
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Old 07-29-2009, 02:18 AM   #63
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1. The bar didn't make rent in the first place. In spite of the vision you had and what you were able to turn it into. The club didn't cash flow in the first place. Of course, you're thinking, well I don't have to make rent to myself, right? WRONG. You were paying whatever you could rent it for by not receiving it. See.

2. The contractor got his hand in two of your pies in one oven. This means it would have been fine to have him work on two projects at two sites. It's NOT okay to let the same guy have two simultaneous projects at one site. PERIOD. You let him complete step 1- however many you have. Or you hire two. And if you hire two they better be COMPLETELY ISOLATED and even then it can be trouble.

I am not clear on how the financing went and my eyes are too tired to read in detail.. but you had alot of this on plastic? No. Next time use the plastic for 20% of whatever you were going to put on it in order to get hard money. If you're not dreaming, LTV was right... hard money and 80% less plastic used. PLASTIC CONTRACTS ARE UNINTELLIGIBLE AND THEY ARE ALLOWED TO CHANGE THE BOGUS CONTRACT AT ANY TIME AND THEY DO SO WITHOUT GIVING NOTICE. PLASTIC YOU HANDLE WITH CARE AND USE SPARINGLY.

all sounds good when you say it, once you're in for an extra $100K and it's not done what do you do? walk away and not finish?
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Old 07-29-2009, 02:20 AM   #64
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i only answer to people, not cowards making blind accucations not based on any facts
Your lack of comprehension seems to indicate you'll be one of those who was simply lucky with his timing, and you won't recover. I could be wrong I suppose. Your intellect being on the low side of the totem pole, I'm not surprised you see accusations where none were made. Jumping to incorrect conclusions is usually what the under-educated and superstitious have in common.
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Old 07-29-2009, 02:21 AM   #65
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Jesus H Christ and come into my property and steal tools and money?
Would you prefer .357 or 12 gauge on the way out?
Christ
he had a bunch of dirty cops back him up on stealing the stuff at the scene, it's why i'm taking the lead detective to court in november. went though a long review process and a judge saw it fit to have a real trial on it..... i believe the winnipeg police are corrupt
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Old 07-29-2009, 02:21 AM   #66
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Sorry to hear mate...I am sure their are complexities involved with your situation that would be impossible to cover in a GFY post... the one thing I didn't understand was you had a 400k mortgage, and the property was worth 1.2, 30k off being worth over 2.? Couldn't you have just closed shop, and sold out? Or did the amount on credit cards/loans from friends exceed equity in the property.

I am mainly a lurker on GFY, but you seem like a smart guy. I am sure you will make a come back
Yeah, that is my big question, you're 400 into a 1.2-2.x prop and you don't have donald fucking trump on the phone saying.. look... about this quick 500k.. .. All I can get from it is that it was a case of "held on until the last drop of blood was out of the patient and the powers intervened" .. some guys will NOT give up, they WILL run it right to the end of being 100 feet under before they'll let go.
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Old 07-29-2009, 02:22 AM   #67
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Your lack of comprehension seems to indicate you'll be one of those who was simply lucky with his timing, and you won't recover. I could be wrong I suppose. Your intellect being on the low side of the totem pole, I'm not surprised you see accusations where none were made. Jumping to incorrect conclusions is usually what the under-educated and superstitious have in common.
i have no idea what you just said there. I'm assuming you cut and pasted it from someone who you think is smart from somewhere else
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Old 07-29-2009, 02:22 AM   #68
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2 years ago I bought a 24,000 sq foot commercial building. Three major players in the adult business lent me money and I still thank them for that. I still owe them all money and am paying them back. One is mostly paid back, just some interest owning which should get cleaned up with the building lean when it sells (that doesn't work I'll put in more payments) and the other two are being paid back slowly. I also put in a lot of my own, and lost all of that. Had this not gone badly I'd be retired today (second time as I could have done it if I didn't divorce 6 years ago too)

The building had a nightclub in the basement. Honestly I didn't care about the nightclub, I bought it for the second and 3rd level which I planned to put a business center in with 30 offices for rent. With most contractors I work with I offer a bonus on a job if it's done on time and under or on budget. Anyway - long story short the bar tenant didn't' pay their rent, I evicted them and my contractor convinced me to open the bar with him. I didn't want to run a bar, but it was there and he said it would only be $50K to revamp it and open it and then once he paid me what I put in I'd hand it over to him and just collect rent. Anyway, the $50K became $100K, then $200K then $300K and on in reno (scam)... and it was a case of keep going or loose what was already put in... anyway the bar opened, and the guy went power nutty with the bar and decided before he finished the offices that i owed him the bonus. Totally went to his head and he started stealing from me big time and doing a LOT of coke. As I looked over the books it wasn't right and within a couple months I fired him (which became another nightmare in itself as for the next year or more he bugged every police, liqueur official, city agent, etc to have me shut down, it was constant) and then he stole $15K worth of tools from me with the aid of a police officer.

That went to court - long drawn out thing, finally won a judgment against him and the police officer is pending a trial examination on it in November. In the mean time a couple months later he broke in and stole another $30K + of money and stuff which ending up in hell pending the insurance as he had been a partner. He was arrested for that and is pending trial in November as well for that incident. He made death threats and such, blah blah blah it was very stressful...... s000000 I had this bar and knew nothing about bars and it was EATING money like crazy. With the old partner it didn't even make the rent, when i took it over it started making the rent and a few bucks on the debt. Slowly I learnt, and in the last few months I had the several hundred of the highest drinking crowd in the city as friday night regulars. Everyone THOUGHT I was rolling in it but times were bad though financially as the building was worth 1.2 in current state (when the offices were to be done it would value out at about 2.2 and we were VERY close to having those done, like 30k close). I only had a 400 mortgage on it but with the bar in the basement it was impossible to refinance at reasonable rates. Just needed to refinance from 400k to 800k on the building to be fine at a reasonable interest rate 10% or less. Had I been able to refinance I would have been able to hold out to sell for a decent profit .

I was paying 30% or more on a lot of the loans to CC companies and others with the idea that I would have been able to refinance. Even though the bar was busy, I couldn't sustain those kind of interest rates and the bar too up all my time running it. I realized I didn't like it. I had women all over me, but the wrong kind. Never been a big fan of drunks. Do have some cool stories I will share later though that happened in it. Anyway, economy went bad, was making my credit card payments but suddenly they dropped my limits and hugely raised my monthly minimums - which fucked my credit even more making refinance even harder. I kept hanging on, even though money was extremely tight to the point of not affording food for my family but I kept my 20+ employees paid hanging on to finish this out. I did that for over 6 months. I don't give up easily.

Then someone brought a gun into the club. I don't know how it got past my metal detectors and pat downs at the door, but it happened. My security guards were older and amazing, many ex boxers and such, and they got it off the guy as he pulled it out. I decided there and then no amount of money was worth getting someone innocent killed in a stupid bar fight. I've had my life threatened many times and never worried about that, but the idea of risking someone else's life over something soo stupid as a bar fight wasn't worth it. So I ended it. I needed the money from the bar to keep it all floating and I wasn't risking an innocent's life so my ONLY option out at that point was bankruptcy. As far as I could see it it, it was either that or risk having an innocent person shot in the bar over something stupid as once one gun shows up - more come. My financial gain wasn't worth it.

I wrote off my back taxes, my credit cards and one asshole who thinks I owe him money on a rent to own land deal I was in on with him. The contract said (in writing) if he was 3 months behind in rent he's loose everything he put in and was 5 months behind, also he would get increasing equity based on payments over 15 years upto 49% from 0. He was about 3 years in. For the last 5-6 months I made this person's payments right up to my bankruptcy forgoing food and medication for my family when he went out partying it up not making his payments. That idiot wants ALL his rent back now, and he's the only person from this industry who I completely wrote off as he's now threatening me. He still owes me money on other things too, but I've written that off as he's always says he'll pay but never does.

So there it is. I went bankrupt. I was upfront with the bankrupsy trustee with everything I own, including my sites, and have done it legally. I lost my house, my toys, my timeshares, my lakefront land, my bank accounts, many of my investments my benz, etc. I had a few assets in legal trust which were exempt so I'm not living in a dumpster. To be honest I'm in about the same position as when I left my ex wife 6 or so years ago minus the credit cards. It's not that bad.

I'm starting over and back in online adult full time as I love this business and most of the people in it.

Assuming you'll have me back, I still hold a lot of shame about this inside and cut myself off from the world for a while dealing with it.

I am prepared to accept all the 'deadbeat' comments as I deserve them except in the land deal case - that one I did give to the trustee and they even found no merit in it for the guy.

There are some VERY amazing people in this industry that have helped me move back into this game. I'm not going to list them there, I don't want people bugging them with their hard luck stories, but I do have to say there are some VERY amazing people in this industry and ALL my really true friends work in this field.

THANK YOU. I will always be grateful for your help and I will do everything I can not to let you down again. You can't even begin to imagine how grateful I am for your help.

The greatest accomplishment is not in never falling, but in rising again after you fall. - Vince Lombardi


You took a chance and it didn't work out. Big deal. At least you tried, which is more than can be said about most people. You walked down a road that was unknown, that's all that matters. Money comes and goes, that's what it's for.

I say, kudos to you for having balls.

Keep your head up high, there is no shame in trying, even if it doesn't work out the way you wanted it to. Know what you did wrong and don't do it again.

Best of luck.
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Old 07-29-2009, 02:23 AM   #69
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you obviously never built a damn thing, people who build shit for decades always find themselves spending way more than they planned, permits, problems you didnt see coming and a million other things
My father built all kinds of shit and was a part of some of the largest projects in this state.. I am no expert, myself, but if you think 500% overage is ... okay .. a cost of doing business. .. . come the fuck fucking on
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Old 07-29-2009, 02:23 AM   #70
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Yeah, that is my big question, you're 400 into a 1.2-2.x prop and you don't have donald fucking trump on the phone saying.. look... about this quick 500k.. .. All I can get from it is that it was a case of "held on until the last drop of blood was out of the patient and the powers intervened" .. some guys will NOT give up, they WILL run it right to the end of being 100 feet under before they'll let go.
i have that problem.
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Old 07-29-2009, 02:24 AM   #71
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all sounds good when you say it, once you're in for an extra $100K and it's not done what do you do? walk away and not finish?
You look for the reason that you've spent 150% of what you expected.. figure out you're being nailed in the bottom.... and pull his cock out of yourself.. yeah it's a whore having someone finish another boys projecy, but come on..... you cannot just keep raining money on dumbfuck praying for sunshine before you drown .. ..
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Old 07-29-2009, 02:25 AM   #72
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Sounds like you failed in mainstream business

But you're online attitude hasn't changed much at least.
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Old 07-29-2009, 02:25 AM   #73
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he had a bunch of dirty cops back him up on stealing the stuff at the scene, it's why i'm taking the lead detective to court in november. went though a long review process and a judge saw it fit to have a real trial on it..... i believe the winnipeg police are corrupt
Ah, yeah... you did mention that
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Old 07-29-2009, 02:26 AM   #74
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i have no idea what you just said there. I'm assuming you cut and pasted it from someone who you think is smart from somewhere else
You ASSume incorrectly.
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Old 07-29-2009, 02:26 AM   #75
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i have that problem.
Yea.. well don't feel bad. ALOT OF GUYS DO. And congratulations on going through some HELL like this without putting a bullet in your head. Alot of guys would have been that fucking weak, and killed themselves, in spite of what it'd do to their kids. YOU hung in there .. so don't hate yourself mayne
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Old 07-29-2009, 02:27 AM   #76
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you getting sued too?

http://www.cbc.ca/canada/manitoba/st...-winnipeg.html
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Old 07-29-2009, 02:28 AM   #77
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Good luck suing a bankrupt (HOPEFULLY IT WAS OWNED THROUGH A CORP? AT LEAST AN LLC?)
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Old 07-29-2009, 02:29 AM   #78
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I think you said that it was.. I scanned it
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Old 07-29-2009, 02:32 AM   #79
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he had a bunch of dirty cops back him up on stealing the stuff at the scene, it's why i'm taking the lead detective to court in november. went though a long review process and a judge saw it fit to have a real trial on it..... i believe the winnipeg police are corrupt
Nice to see you have a long list of people/reasons why you failed.

I've seen you blame about 6 different people so far. Basically everyone involved, except for you and the 'friends' who you borrowed money off.

You were such an asshole online, Karma is a bitch isn't it.
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Old 07-29-2009, 02:33 AM   #80
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he had a bunch of dirty cops back him up on stealing the stuff at the scene, it's why i'm taking the lead detective to court in november. went though a long review process and a judge saw it fit to have a real trial on it..... i believe the winnipeg police are corrupt
You could insert any city name in that statement. Sorry to say, but nightclubs and bars are tough businesses to get into in major cities. Cops and politicians have major control over those types of businesses and can bury you in a heartbeat. You have to be well connected or have pockets deeper than the city to win at that game.

Not a knock on you, just saying that it's the same way in Chicago. Had a friend who owned a bar here and his ex-wife started dating a guy who worked for the alderman in the area. Magically he was getting fines left and right for bogus violations and constant threats to pull his liquor license. Caused him to just sell and not deal with the headaches.

Good luck on your case against the cop, but it's tough to take them down.
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Old 07-29-2009, 02:36 AM   #81
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Sounds like you failed in mainstream business

But you're online attitude hasn't changed much at least.
I might be a failure, that doesn't mean I'm not an asshole
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Old 07-29-2009, 02:38 AM   #82
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Good luck suing a bankrupt (HOPEFULLY IT WAS OWNED THROUGH A CORP? AT LEAST AN LLC?)
that was the previous tenant that I evected for non payment of rent.
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Old 07-29-2009, 02:40 AM   #83
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the history is like a spiral, same shit at different times

Indeed it's a sad story, regretfully the times and people aren't what they used to be anymore... or I am getting old... someones says there will come a time when a man will not trust its own farts anymore
I wish you all the best in the future but you have to know that the tgp style porn-trend is going downwards slowly... too many freebies, too many tubes and the economy spells DISASTER!
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Old 07-29-2009, 02:40 AM   #84
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You could insert any city name in that statement. Sorry to say, but nightclubs and bars are tough businesses to get into in major cities. Cops and politicians have major control over those types of businesses and can bury you in a heartbeat. You have to be well connected or have pockets deeper than the city to win at that game.

Not a knock on you, just saying that it's the same way in Chicago. Had a friend who owned a bar here and his ex-wife started dating a guy who worked for the alderman in the area. Magically he was getting fines left and right for bogus violations and constant threats to pull his liquor license. Caused him to just sell and not deal with the headaches.

Good luck on your case against the cop, but it's tough to take them down.
it's not about money but I'm gona see that one though, he started a LOT of problems for me
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Old 07-29-2009, 02:44 AM   #85
seeandsee
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i feel sorry man
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Old 07-29-2009, 02:44 AM   #86
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Indeed it's a sad story, regretfully the times and people aren't what they used to be anymore... or I am getting old... someones says there will come a time when a man will not trust its own farts anymore
DISASTER!
Well I think you're getting old then, humans have always been evil creatures, that will never change
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Old 07-29-2009, 02:44 AM   #87
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Nice to see you have a long list of people/reasons why you failed.

I've seen you blame about 6 different people so far. Basically everyone involved, except for you and the 'friends' who you borrowed money off.

You were such an asshole online, Karma is a bitch isn't it.
" Basically everyone involved, except for you..."

I also picked up on that.
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Old 07-29-2009, 02:45 AM   #88
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I hope that you get back on track mate! Best of luck!
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Old 07-29-2009, 02:46 AM   #89
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Sorry to hear that, hope it all works out for you xx
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Old 07-29-2009, 02:47 AM   #90
Richard Dawkins
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Have you tried begging your ex-wife to come back to you?
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Old 07-29-2009, 02:48 AM   #91
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Have you tried begging your ex-wife to come back to you?
there's an IDEA!!!!!!!!!!!!!!!!!!!!!!

cept she's remarried last I heard
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Old 07-29-2009, 02:49 AM   #92
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" Basically everyone involved, except for you..."

I also picked up on that.

no

the reason I failed was me. I was responsibe, buck stops with me.

I lost everything.

my fault.

I've come to terms with that.
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Old 07-29-2009, 02:49 AM   #93
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there's an IDEA!!!!!!!!!!!!!!!!!!!!!!

cept she's remarried last I heard
She'll leave him for you.
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Old 07-29-2009, 02:59 AM   #94
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that was the previous tenant that I evected for non payment of rent.
So there was a gun incident BEFORE you got into it?
You thought you were going to have a completely different type of people set.. right?
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Old 07-29-2009, 02:59 AM   #95
bdld
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one of the reasons why some adult webmasters are so successful is because of personal responsibility. when you venture into bigger kind of business, you end up relying on others who can let you down.
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Old 07-29-2009, 03:00 AM   #96
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How old are you Sleazy?

I wonder what's it like to start everything all over from the ground up.
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Old 07-29-2009, 03:00 AM   #97
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no

the reason I failed was me. I was responsibe, buck stops with me.

I lost everything.

my fault.

I've come to terms with that.
It is a good thing if you have come to terms with yourself...as that can sometimes be a difficult thing to do. I wish you better success on any future ventures. By the way I like your dog. I had to put one of my two dogs down...I did it myself and I have had to come to terms with that.
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Old 07-29-2009, 03:02 AM   #98
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So there was a gun incident BEFORE you got into it?
You thought you were going to have a completely different type of people set.. right?
we did - totally different crowd, music and scene. even racially different
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Old 07-29-2009, 03:03 AM   #99
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Well Scott, that's a hell of a story. You and I never saw eye to eye on the boards, and in fact over the years we've had some pretty good go arounds. Even still, the first time I met you you offered me part of your dinner on the spot. That says something about you and changed my opinion of you quite a bit. Don't get me wrong, you can still be a dick, but shit so can I.

Anyway, there's no shame in having tried and failed. The only shame is having not tried at all. I know I'll never regret the things I was unable to do but will always regret the things I was too afraid to try.

Anyway, good luck in the future. I really hope things turn around for you again.
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Old 07-29-2009, 03:03 AM   #100
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She'll leave him for you.
this is getting too personal. I'm gona have your ip traced. I want to know who you are.
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