I heard from a very well placed source that Alex sold his rights to VH To Eddie and he now is the major stock holder in the company. Eddie gives him a pay check every week. That is why everybody listens to Eddie because he is the boss. Al is a fool for doing this because now he has to go to his brother for everything. No wonder why Dave did not want to work with these guys.
Alex sells rights to VH
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Originally posted by lms2
Actually, I can see DAve setting Van Halen up as a corporation to insure that all four of them had equal say, and to insure that the brothers never got to big of a head about the band having their name... but I wonder how that worked after the split.Comment
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THey have ALWAYS been a corporation. You can't go on tour without incorporating...ins., salaries, etc..
I highly doubt this story though. Alex is an idiot, sure, but I doubt he would structure his finances this way unless there was ABSOLUTELY no way to hang on otherwise. If this were the case, the last person who could afford to buy would be Eddie. Not to mention, if Eddie did "own the car" they would have had to have bought out Michael Anthony at some point.Comment
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Theoretically, lets say there were 100 shares of VH stock, each member owning 25 shares. Ed purchasing Al's shares would then give him 50 shares, or twice as much as the other two members... but it would be pointless as long as Dave and Mike stayed on the same side... any vote would be dead locked. I can't imagine shares of stock being (originally) anything less than an equal split.Comment
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Wouldn't surprise me, but if I had a nickel for every post I read from someone claiming to have the inside-skinny from a "well placed source" that turned out to be bupkis in the end...I would've made $2.85 this year alone.
Think Dave doesn't want to bother with these guys because they won't let him back in on an even split.Scramby eggs and bacon.Comment
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I try to tell you inside info and nobody listens this site is a joke. I was going to write another thread and tell you some inside info, but why waste my time to be on trial? fuck nomark milesComment
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Terry even split of what? If there is nothing to split up what is the problem. That thing is what Alex sold to Eddie everything.mark milesComment
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