Comments Thread For: 50 Cent's SMS Promotions Files For Bankruptcy

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  • Lou Cipher
    Undisputed Champion
    Super Champion - 5,000-10,000 posts
    • Nov 2013
    • 6901
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    #51
    Originally posted by bambam182
    cant fifty just take a million from his own bank account and clear his debt or can it not work that way?
    Thats what LLC's are for dude...to protect your personal assets, Also this does not mean SMS will go away. This is mostly a tax move

      Comment

      • The Champions
        Banned
        Silver Champion - 100-500 posts
        • May 2015
        • 438
        • 31
        • 0
        #52
        Originally posted by Lou Cipher
        Preposturous
        Lou Cipher = Illegal Immigrant

        Truth.

          Comment

          • stephenmc
            Interim Champion
            Gold Champion - 500-1,000 posts
            • Aug 2014
            • 859
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            #53
            Well that lasted long

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              • FrankieBruno
                GGG spanked my mom
                Unified Champion - 10,00-20,000 posts
                • Apr 2011
                • 12208
                • 320
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                #54
                Originally posted by Lou Cipher
                Thats what LLC's are for dude...to protect your personal assets, Also this does not mean SMS will go away. This is mostly a tax move
                So you are telling me SMS can still keep its fighters?

                Sorry i dont understand how this **** works

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                  • sicko
                    The Truth Hurts
                    Franchise Champion - 20,000+ posts
                    • May 2010
                    • 34211
                    • 2,594
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                    #55
                    SAD! But hey he tried and bowed out gracefully. He has other things going for him so I'm sure 50 Cent would rather focus on that then to waste time with a Boxing Promotion that is going nowhere.

                    He has some some fighters I like A LOT and I hope they're now free to sign with PBC or another Promotion that will promote them. Luis Olivare and Ryan Martin should be signed by someone quickly. Not sure what is going on with Gamboa, despite losing to Crawford, Gamboa is still one of the best fighters in boxing and needs to get active and with a better promotion.

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                      • Fetta
                        nob cheese
                        Unified Champion - 10,00-20,000 posts
                        • Jan 2011
                        • 16696
                        • 417
                        • 3
                        #56
                        SMS concerts ******. Lets hope Roc-Nation's Big Sean concert on June 20th is better

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                          • bigdunny1
                            Undisputed Champion
                            Unified Champion - 10,00-20,000 posts
                            • Mar 2015
                            • 14762
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                            #57
                            Who didn't see this coming? hahaha Dirrell jumped ship, Kirkland was beefing with 50 not wanting to take any fights for over a year, Gamboia got KO'd. The signs were everywhere that 50 was over his head.

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                              • Gassed Out
                                I punched myself out.
                                • May 2015
                                • 22
                                • 3
                                • 1
                                #58
                                Originally posted by KnockoutKings
                                Roc Nation next. These rappers think just because they have money, they can come into the fight game and head straight to the bank. Nope.
                                Competition is good.

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                                  • bigjavi973
                                    Undisputed Champion
                                    Franchise Champion - 20,000+ posts
                                    • Oct 2013
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                                    #59
                                    Originally posted by FrankieBruno
                                    That really makes no difference, when ur outgoings are more than ur in-goings, you eventually pack up ur bags and leave

                                    nobody enjoys losing money
                                    True as well. I think the only way to see how it goes when those quarterly reports come out

                                      Comment

                                      • bigjavi973
                                        Undisputed Champion
                                        Franchise Champion - 20,000+ posts
                                        • Oct 2013
                                        • 24007
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                                        #60
                                        Originally posted by The Champions
                                        Lou Cipher = Illegal Immigrant

                                        Truth.
                                        we are ALL immigrants in the good ol'

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