(Topic ID: 112377)

DP USA Refund - Still Want the Game

By JDinNOVA

9 years ago


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  • 3,821 posts
  • 422 Pinsiders participating
  • Latest reply 9 years ago by Xerico
  • Topic is favorited by 49 Pinsiders

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#1132 9 years ago
Quoted from Aurich:

Doesn't sound like that's the issue here. Phil didn't want to be bought out, he was trying to give everything away. It's fine if you want to be careful about liabilities etc, but you don't leave someone who's bailed in charge of a company bank account if that's the kind of approach you have.

I do think it is more complicated than this. Phil did state he wasn't interested in profits, but there is likely salary, expenses, possible reimbursements, etc.
On the other side I wouldn't want to own a 33% stake in a company (DP-USA) and be responsible for 100% of the liability. Having that 1/3 vote when the majority own the other company would be senseless.

#1349 9 years ago
Quoted from vid1900:

Everyone keeps saying "dissolve the corporation....run the corporation....1/3 of the corporation" but why are there no incorporation documents registered?

Wyoming?

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=141190084199124060157201028180106126092020171249

#1357 9 years ago

They used Incorp Services, Inc. to create the US corp. Based in Wyoming.

-13
#1374 9 years ago

That was probably a nice post Kevin.

Unless you're Phil, Barry, or Jacob keep the posts to a quick paragraph or less. This has been a big time suck for me today and now I'll need to do actual work into the evening because of it.

#1387 9 years ago

I think TBL will be made. The DP guys have a dream and have worked too hard to let it drop now. They have a solid product and just received a crash course in business perception management. I'd be surprised if I don't have one in my house in the future.

#1758 9 years ago

If Barry has read this whole thread I bet his tongue is really sore. I'm sure there are some inconvenient truths posted in here, but in the same vein there has been some incredibly stupid things posted. It has to be extremely difficult to not respond to those.

#1760 9 years ago
Quoted from Kcpinballfan:

Phil never owned part of the company, I believe he stated as much somewhere in this shitstorm of a thread.

It sounded like he was in for a third of the US entity, but not in on the Dutch side.

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