0:00

Hello again friends, and

0:02

you are our friends, the great Brian

0:05

last here, you there, it is omnibus season

0:07

and we have a big omnibus here today.

0:10

Something we've talked a lot about in the

0:12

last year. Cast media. And of course

0:14

to join me, the leader of the Cult of

0:16

Cornet, Mr. Jim Cornet. Well

0:19

I know somebody that's about to feel like

0:21

he got run over by a bus and

0:23

I hope that he doesn't retain a person

0:25

who chases ambulances because we have got the

0:28

voice of the voice of the voiceless Mr. Stephen

0:30

P. New, as well

0:32

as his henchman, Andre the

0:35

Giant on this case. I wouldn't say henchman,

0:37

that's probably not the right word to use.

0:39

There, there, hey, Stephen P. New's gonna come

0:41

down on this weasel like he was a

0:44

Batman villain anyway, so why not? We might

0:46

as well have the names written across the

0:48

chest. What we're talking about today, ladies and

0:50

gentlemen, is the,

0:53

the financial genius that decided that

0:56

he was going to defraud Brian

0:59

last and I and other famous

1:01

individuals, both famous, infamous and even

1:04

obscure of their money in a

1:07

podcast Ponzi scheme that

1:10

has been very entertaining for our listeners over

1:12

the last year, but not entertaining for

1:14

Mr. Thompson and Rob Ellen, the

1:18

chief asshole officer of the big parent

1:20

company that was going to build

1:22

people for a lot of money in the stock

1:24

scam and now their stock is in the toilet.

1:28

Snot is running down their noses,

1:30

greasy fingers smearing their shabby clothes

1:32

as they sit on a park

1:35

bench, eyeing little girls with bad

1:37

intent. Ladies and gentlemen,

1:39

this is the saga of

1:41

cast media and how they

1:43

picked the wrong motherfuckers to be messing with.

1:46

This is one that has been requested by the

1:48

listeners over and over again, so we're happy to

1:50

bring it to you guys here today. I remind

1:52

everyone, everything's been cleared by Stephen P. New. And

1:55

this saga is not over yet. This omnibus just

1:57

brings you up to date, but call it. Colin's

2:00

fate will be the subject

2:02

of next year's. Well that's right there probably will

2:04

be a volume two next year and you reference

2:06

Colin Thompson to give everyone a quick look back

2:09

at all of this. Colin Thompson is

2:11

the owner of Cast Media who previously

2:13

had been our advertising agent and

2:16

decided to stop sending us our money.

2:20

Various people have various tales of where this money could have

2:22

gone. Was our money used to

2:24

pay other talent? Was our money used

2:26

to fund Colin's lavish

2:28

lifestyle? We don't know but

2:30

we know there's millions of dollars that no one can figure out

2:32

where they went or where it went. Money

2:36

they would be all of those individual dollars

2:38

add up to a group called they because

2:40

it wasn't just our money it was other

2:42

people's money. So right now what you're about

2:44

to hear is a story of not just

2:46

this show but of podcasting of

2:49

someone who was in over his head who then

2:52

decided to obfuscate and be

2:54

dishonest about it and try to

2:56

screw everyone who he was working with. You

2:59

can hear about someone who thought

3:01

this is a great opportunity to try to steal a bunch of shows

3:04

and get them while they're disadvantaged at a

3:06

bad position. And you're gonna hear

3:08

about us doing things a different way. The

3:11

story of independence and podcasting.

3:14

This is Jim Cornette's

3:16

Cast Media Omnibus. There have

3:18

been a lot of questions recently from the

3:20

listeners you may have noticed a few disruptions

3:22

in the podcast feed, the podcast schedule. You

3:26

may have noticed that the advertisers and the

3:28

very, very popular conversations

3:30

we have about them have

3:32

been out of the show for the last little while. There

3:35

have been less commercials in the show the last little while.

3:38

And this is because of a situation

3:40

that emerged between us, Arcadia

3:42

Vanguard and Jim Cornette, and

3:45

a company that was handling

3:47

our advertising called Cast

3:49

Media. And is

3:52

that a good introduction? That

3:54

basically lays it out there. And here's the

3:56

problem. And I mentioned this a couple months

3:59

ago. when this first became an

4:01

issue and we had to start making some changes.

4:04

And that you and I, some

4:06

people call us control freaks. I kind

4:08

of say that we are picky. We're

4:11

picky about what we do and our

4:14

programs. And that's why that we do

4:17

everything ourselves or in house,

4:19

unlike many other

4:21

podcasts, programs, whatever, we're not with

4:24

a network and we

4:26

own all of our content and we are

4:28

our own producers and we decide what we

4:30

say and talk about and what we don't.

4:33

And even our editing and

4:35

our administrative technical

4:37

support, they work for us.

4:39

They're Kippelman and

4:42

old Jay shark NATO and so many more. They,

4:45

they're highly paid, highly trained

4:47

stooges. They're very,

4:49

they're not after stooges in any way. Why would

4:51

you say that? They

4:54

do as we direct. Now

4:57

they're not just run of the mill

4:59

stooges. They're not the three stooges. They're

5:01

highly paid, highly trained, highly sought after

5:03

stooges. Well, you just named two of

5:05

them. Well, you

5:07

named two, it can't be three. Well, I

5:09

didn't know if I was supposed to talk about the other guy until

5:11

we clear it with his parole officer. There

5:14

is no parole officer, ladies and gentlemen.

5:16

Not that you know about, but anyway,

5:19

so the point is, as

5:22

I mentioned a couple of months ago, uh, but

5:24

didn't go into detail about there

5:27

was one week link in the

5:29

chain, one outside entity that

5:32

we had come to rely

5:34

on because we had no reason for

5:36

quite some time to not

5:38

rely on him. And

5:41

that was this weasel.

5:44

I'm sorry, alleged weasel since this is going

5:46

to court. There

5:48

was running cast media who

5:51

was selling our advertising to the

5:53

fine advertisers that advertise on our

5:55

programs advertising, but

5:57

as to paraphrase Jerry Seinfeld.

6:00

It's not the selling of

6:02

the advertising, it's

6:04

the paying for the advertising.

6:07

And suddenly, there

6:10

was no paying for our

6:12

advertising, not from our fine sponsors

6:15

who have been upset as

6:17

we were about this disruption of service.

6:21

They paid him and he

6:23

didn't pay us. Have

6:25

I summed that up correctly, Brian? You have summed

6:27

it up, there's a lot of detail and we

6:29

should note, we're not unique

6:31

in this situation. There are other shows,

6:34

pretty much all the shows under the

6:37

umbrella of cast media. Now again,

6:39

we were an outside production, we

6:42

were just using them for

6:44

advertising support. There are other shows that are

6:46

in the unfortunate position of being

6:49

cast productions or may not have a

6:51

big audience and may not know what

6:53

to do. So we're in

6:55

a better position than most, but this happened to

6:57

many. Yes, and here's the

6:59

thing, this idiot

7:01

was working for us for a

7:04

straight commission. You sell the advertising

7:06

just like anybody else on Madison

7:08

Avenue, right? And

7:11

as a bonus

7:14

to us, and this is where it got

7:16

a little sticky, we had to get some

7:18

changes made. As a

7:20

bonus to us, he's, oh, and

7:22

we will provide the platform

7:25

that your podcast is on, right? The feeds

7:27

and everything. Right, he had stopped me because

7:29

I was going to set up our own

7:32

hosting several years back after

7:34

we had already been doing business with them for maybe a year or

7:36

so. And he said, we're going to do

7:38

it, we'll cover your cost. And

7:41

we just want to continue

7:43

to be a part of the advertising. Give

7:45

you a little bonus there. Okay, well since

7:48

the billing... Well, give

7:51

us a little something to save us a few

7:53

thousand dollars a month when the

7:56

billing for his company,

7:58

the Co... The mission off

8:01

of our advertising just last

8:04

year alone was six figures for

8:06

him. So

8:08

he beneficially just charitably,

8:11

oh, I'll save you a couple of grand

8:13

about, well, okay, fine. Right. With no overhead.

8:15

Important. We didn't think we were putting him

8:17

out. Again, no overhead for him or his

8:19

company because we are an independent production. All

8:21

the costs are ours. And

8:24

we would provide the finished show. But

8:26

meanwhile, what this alleged weasel does, did

8:28

we mention his name is Collin Thompson.

8:31

I don't know if we mentioned that, but

8:34

what this alleged weasel does is

8:37

he takes our money that

8:39

our advertisers paid for

8:41

the advertising on our shows

8:43

and invests it back in

8:45

another part of his company

8:47

that is helping produce other

8:50

people's programs. And he

8:53

has got some people, as you

8:55

said, in the same boat, but

8:57

worse because he owes them

8:59

money, he was providing

9:02

them maybe producers or production

9:04

facilities or who knows what kind

9:07

of who shot John Deale,

9:09

he had sold them on that he was going to benefit

9:11

them in some way. And

9:14

as you mentioned, unlike us, either they

9:16

weren't technically out of,

9:18

not under contract to him for their

9:20

shows or he had

9:22

some ownership or he had some

9:25

hold over them to where they had to sit around and

9:27

go, what the fuck do we do? Whereas

9:30

we immediately, when we found out that

9:33

this weasel is

9:35

going bankrupt, still

9:38

owing us. And by the way, don't think

9:41

anybody out there who

9:43

just hates us just horribly

9:45

like a Hardy Fan 24 or

9:47

whatever, and thinks this is

9:49

going to kill the podcast no, unfortunately

9:51

for you, this was

9:54

a minor bump in the road. It's, let

9:56

me put it this way. This was the best thing that could have

9:59

happened. I hate to say. Well, this guy

10:01

owes me and Brian each a

10:03

brand new Ford Expedition. No.

10:06

Now that's... It's more than that. What

10:08

are you talking about? Have you seen

10:10

the prices on them goddamn tricked out

10:12

fully fucking loaded? I've been checking. I

10:15

haven't. Well, exactly.

10:17

Anyway, so that

10:20

is again not going to change our standard

10:22

of living but it's enough to piss us

10:24

the fuck off. Yeah, he

10:26

owes us more than that. If

10:30

we're doing it, you know, he owes us more than that if

10:32

we're doing the math. Well and

10:34

then we're not talking about the lost revenue also

10:37

then which we'd add on to that but nevertheless,

10:40

the point being this

10:42

guy goes from paying us every month

10:44

for our advertising to all of

10:46

a sudden he misses a check.

10:50

What's going on? Oh, no, they're

10:52

just industry issues and

10:54

then we get one the next month but is

10:56

it for what we thought we should have got?

10:59

And then we don't get one the next month and

11:01

then you're on his day. You've been up his ass.

11:04

You've been so far up his ass, you could probably

11:06

draw from memory the goddamn

11:09

sketch of his fucking colon turns

11:13

and he always... It just doesn't know there's

11:15

no problems. There's no issues and

11:18

then we get a check but and

11:20

then we find out, oh, by the way, I'm

11:23

going bankrupt. So

11:28

let's take a couple steps back and actually

11:30

give some information and some details

11:33

here to the story. All right. We

11:36

were on our own doing our thing

11:39

and while looking for hosting and

11:41

advertising support, someone in

11:43

the industry said, hey, we know a network. It's

11:45

a young aggressive guy. He's doing his

11:48

own shows but they

11:50

may be able to represent your sales

11:52

interests because they want to pad

11:54

their numbers and say that your show numbers

11:57

are part of their network. So...

12:00

We start doing business them slowly, things

12:03

work out, there are always issues with

12:05

the accounting from day one and there

12:09

were a lot that you could overlook. I

12:11

mean, we didn't get money unless I checked

12:13

on it every month and then

12:15

we would get the money, but if I checked on

12:17

it every month, we would get the money. So it's a pain in the

12:20

ass, but we got paid. All

12:22

of a sudden last year there were these blips. This

12:25

happens at a very interesting time for us. These

12:28

shows are excessively

12:30

popular and growing. Also,

12:34

we have no contract. We've

12:36

been out of contract for years and

12:38

there's a specific reason why

12:40

we're out of contract and that

12:42

reason was I demanded a key

12:45

man clause. I

12:47

demanded an immediate opt-out

12:49

of the contract if there

12:51

was a sale of the company or

12:53

any change in the senior management structure, any changes

12:58

from the company we're signing to deal with today, we

13:01

have the option, the ability to

13:03

immediately opt out. Because you

13:07

not be a Nostra dumbass,

13:10

but Nostradamus realized

13:14

that this if we were under contract to this

13:16

weasel and this weasel sold this company that

13:18

we would have to be doing business with

13:20

someone that we didn't even know as well

13:22

as we did him, apparently which we didn't

13:24

know him that well. And

13:26

we don't want to do that. Well, I was

13:28

worried about that and that's exactly what happened, but

13:30

also I believed

13:32

from my conversations with this flake that

13:37

his game plan wasn't to have a business

13:39

and hold on to it for years and

13:41

run it and love it. It was to

13:43

find something, pump it up and sell it

13:45

and set himself up with

13:47

a job and some money hopefully. Didn't

13:49

work out in the end like he hoped. We'll get to that. But

13:52

I think that was the game plan and every

13:57

time I brought up the opt-out, radio

13:59

silence. I wouldn't hear anything from them. Now he's

14:01

dealing on a daily basis with their sales team.

14:05

Besides what we say about Colin Thompson,

14:08

the flake boob owner of Cast Media.

14:10

That's alleged flake boob. Oh no, no,

14:12

I dealt with him. I could say

14:15

it. He is a boob flake and

14:18

a phony creative executive. He has

14:20

no creative skills at all. And

14:22

also that's T-H-O-M-S-O-N. No P. We're

14:25

taking the P out of him

14:27

right now. That's right. So

14:30

every time I brought up the opt-out he would go silent.

14:32

I'm dealing with their sales team, great sales team. Great

14:35

management of the sales team, great

14:37

people, great relationship. The

14:40

success of the advertising on

14:42

these podcasts has been a

14:44

wonderful relationship between Jim Cornette,

14:47

Arcadia Vanguard and the

14:49

sales team that was under Cast

14:51

Media. So all

14:53

of a sudden late last year, right around

14:55

the time my dad died, the

14:58

money stops coming in. Okay,

15:00

we always have to check on things. They've gone

15:02

through multiple accountants. There's always

15:04

an accountant to point a finger at, whatever. Where's

15:07

the money? That's when we start

15:09

hearing about industry conditions. Ignoring

15:12

the fact that we are in this industry. And

15:15

our conditions have never been better. Yeah, we're

15:17

fine. We're fine. We know how

15:20

to scale a business. We

15:23

know how to make a profit.

15:25

We're good. We have survived just fine

15:28

any industry issues with advertising. We've done

15:30

quite well. You've got

15:32

a problem. It's not an industry problem. It's a you

15:34

problem. So earlier

15:36

in the year we had some talks.

15:40

Again, out of contract we could do whatever we want. And

15:44

he said he was going to come

15:46

up with a plan for repayment. In the

15:48

meantime, they gave us a payment schedule. Oh,

15:51

and by the way, you forgot about the platform change.

15:54

That was before that the reason why

15:56

that everybody suddenly had problems with downloading

15:59

the show. or finding the show or

16:01

is the show up or we can't fast forward

16:03

or whatever the case may be was

16:05

because he switched over to something

16:08

that may have been more affordable to his weakened

16:12

financial condition that he was

16:15

denying was the case and

16:17

not telling us about. That's

16:19

right. And to be quite honest, the people,

16:21

we went to a company

16:23

called Soundstack for hosting briefly and

16:26

I don't think they were ready for prime

16:28

time but they're very nice people. And

16:30

they were a big help to us. So we

16:32

say thank you to them but it just wasn't ready

16:35

for us. Yeah, because since this guy is the

16:37

pull to fucking Jimmy Hoffa and

16:40

nobody, even his own ex-employees who

16:42

he also left in the lurch

16:44

and fucking probably

16:46

are looking for him right

16:48

now, has been able to get

16:50

a hold of the guy or heard from him. So

16:53

we had to go into rounds with

16:55

that to get everything switched back to where we wanted

16:57

it. Right. So

16:59

many things were happening earlier in the year. Jim and

17:01

I had conversations, okay, I'm going to

17:03

engage other parties right now. All

17:06

we need is advertising support. We

17:08

could do everything else ourselves. We could do

17:10

the advertising support ourselves too. I

17:13

don't want that. I want an established

17:15

entity. We can pop the corn too,

17:17

Joe. And sometimes you want to

17:19

do that because sometimes you want salt, sometimes you want butter.

17:22

But we wanted an expert in salt and

17:24

butter and that's all we needed. They

17:27

put together a repayment plan. I

17:29

had a conversation with Colin Thompson and he tells

17:31

me he knows that

17:34

we've been waiting for money.

17:37

We've been a great partner. He's very into like just mindless

17:39

buttering up. So he could sit through that.

17:41

Sometimes you get something. And he

17:43

said that he's in the midst of

17:45

selling his company to Podcast One.

17:49

And this would be a good thing because

17:52

he would have the funds from

17:54

the sale to repay

17:56

us the money we're owed. money

18:00

that he has already collected stop.

18:20

And one of the

18:22

biggest problems with podcasting as

18:24

a business, as a genre right now,

18:26

as an industry, is too

18:29

many people don't

18:31

understand what the business is. And

18:34

the business is a wonderful business as long as you don't pump

18:36

it up and try to make yourself bigger than

18:38

you are and have productions

18:40

that there's no audience for.

18:43

You really have

18:45

to like treat it differently

18:47

than everyone else is treating it, but whatever.

18:49

He's gonna make this deal with podcast one. Now

18:52

at this time I already know, okay, the conversation

18:55

Jim and I had earlier this year, that's

18:58

the game plan now. We need another home because

19:00

we're not going to podcast one. So

19:03

we're gonna get our money from Cast Media that they

19:05

owe us and then we're

19:07

gonna have to set everything up. I

19:10

started having conversations about a new

19:12

sales team, an in-house team and then

19:16

after that the next communication was I

19:18

got an NDA emailed to me. An

19:21

NDA... Not

19:23

with Tony Khan now. And by the way let me just

19:25

say this for the record, if you're hearing this on the

19:27

show, this has been cleared by Steven P. Newt. This has

19:29

been cleared by our legal counsel. So

19:31

we're good to go and I'm not under

19:33

any NDA. So I could read all these emails. I

19:35

don't give a fuck. But

19:38

I got an email here, May 15th,

19:41

NDA for acquisition transition

19:43

process. As

19:45

discussed last week, Cast assigned

19:47

and letter... I think I

19:49

got the wrong grammar here. It's A. Cast

19:51

assigned a letter of intent to

19:54

move forward with an acquisition. We had

19:56

expected the announcement last week but

19:59

due to timing... considerations, the

20:01

announcement has been pushed back. We

20:04

are asking you to sign an NDA, which

20:06

will allow the three parties to get

20:09

into immediate dialogue. This

20:11

will expedite the transition process so that

20:13

we can move forward with

20:15

funding and payments, excuse me,

20:18

transaction, not transition, funding

20:20

and payments as quickly as

20:22

possible. Please provide below

20:24

and send the NDA.

20:27

Thank you for working with us through this process.

20:30

We are excited for the next phase. I

20:33

never signed this NDA. I never sent it

20:35

back to them. An NDA of what? What

20:38

do we know otherwise than just you owe us

20:40

money and we want it

20:42

and you don't want to give

20:45

it to us? It's a mutual

20:47

non-disclosure agreement made on the dates

20:49

set forth between the courtside group

20:51

incorporated doing business as podcast one,

20:53

a Delaware corporation. They've got an

20:56

assumed name, eh? And Cast Media

20:58

Incorporated, a Delaware corporation doing business

21:00

as Cast Media. And that's

21:03

with a K, by the way, if

21:05

you're looking these alleged weasels up, cast

21:08

K-A-S-T. Yes, and Colin Thompson is with

21:10

a C. It's important to make sure

21:12

we understand exactly how to spell his

21:14

name. It's C-O-L-I-N, not K. K

21:17

for cast, C for Colin. But you've

21:19

got this big NDA

21:21

that I can't say anything about anything that I don't

21:23

know anything about that I didn't have to be a part of.

21:25

I didn't

21:28

even put our name on here. It's just a

21:30

generic NDA they sent to us. See,

21:33

Tony at least filled my name

21:35

in. See, this went right into the fuck you

21:38

folder here. So now I'm waiting to

21:40

hear back because again, we're still advertising

21:42

our sponsors. And let

21:44

me just say this is not a sponsor issue. I think

21:46

we've said it already. Yeah. C for Colin. But

21:49

yeah, it's this big NDA that

21:51

I can't say anything about anything that I don't know anything about

21:54

that I didn't have to be a part of. I

21:57

didn't even put our name on here. It's just a

21:59

generic NDA. generic NDA they sent to us.

22:03

See, Tony at least filled my name

22:05

in. See, this went right into the

22:07

fuck you folder here. So now I'm waiting

22:09

to hear back, because again, we're still

22:11

advertising our sponsors. And

22:14

let me just say this is not a sponsor issue. I think you've said

22:16

it already. Sponsors paid.

22:19

The company they paid

22:21

didn't pay us. They stole the money.

22:24

They misappropriated money

22:27

that was specifically paid for

22:30

the programs of Jim Cornett. That's

22:33

it. Complete financial misappropriation

22:35

of funds. So

22:38

I don't know. Go ahead. I was about to say,

22:40

so you didn't, you called me and

22:42

said, hey, listen to this. Obviously

22:44

nobody signed an NDA and

22:48

we still was hanging in the air

22:50

that he's supposed to be paying us

22:52

back. Right. He's

22:54

not paying us back, but he's supposed to be

22:56

paying us. He's supposed to be paying us. This

22:58

is all happening in the middle of the payment

23:00

schedule he has set up with his newest

23:03

accountant who's about to be

23:05

fucking deposed, but his newest accountant who

23:09

gave us a payment schedule and I believe at this point

23:12

they hit the first two. And

23:14

there were two more on the schedule. I was

23:16

asking, are those coming through? And also, what

23:18

about after that date? What's going to happen? So

23:22

the next communication is this email here. Hi,

23:25

Brian. Hope all is well. We

23:28

previously communicated that Cast Media is

23:30

in the process of a proposed

23:32

acquisition of certain assets of Cast

23:34

Media by a subsidiary of

23:37

Live One, a company

23:39

listed on NASDAQ. You

23:41

can find the press release here for more

23:43

details. And he

23:45

said it was a generic press release about

23:48

Live One acquiring

23:50

something related to

23:55

certain assets, something not mentioned,

23:58

not itemized or outlined. So

24:01

he sends over a proposal here, I'll get to

24:03

that in a second. The attached

24:05

file elaborates on the specific terms

24:08

of this proposed transaction, particularly

24:11

how it pertains to the migration of your

24:13

podcast if your agreement is acquired as

24:15

part of the acquisition. If your agreement

24:18

is acquired, well boy, we're on pins and

24:20

needles. I can't wait to migrate. My

24:22

pa- we're not gonna be

24:25

migrating, whether legally or illegally.

24:27

Any fucking word except

24:29

away from you, motherfucker. Go ahead, I'm sorry.

24:31

Well, you went past the other thing. If

24:33

our agreement is acquired, we have no agreement!

24:35

Yeah! There is

24:37

no agreement, you idiot! There's no agreement,

24:39

Jerry! As

24:42

we've discussed, we plan to

24:44

keep your current operations with your

24:46

cast support team intact during and

24:48

after this transition. By

24:51

the way, he laid off that entire team. Yes. Since

24:53

this evening, that entire team that was gonna be

24:55

there for everything, they've all been laid off. They've

24:58

all been laid off. We've

25:01

hired a couple of them! Additionally,

25:04

the Live One team

25:06

will provide further resources. We

25:09

are thrilled to be working to provide a

25:11

solution that covers your balance due to cast,

25:14

ensures ongoing timely payments,

25:17

and boosts resources for our

25:19

team. As

25:21

per the terms of the proposed acquisition,

25:24

certain existing cast podcasts are

25:26

expected to transition to

25:29

the post-acquisition company managed

25:31

by Podcast One, a subsidiary

25:33

of Live One. This

25:36

condition is based on the subsidiary

25:38

of Live One acquiring your agreement

25:41

with your consent, along

25:43

with certain modifications there too. Including

25:48

extension of its term, extension of

25:50

its time, and payment

25:52

by the post-acquisition company of agreed

25:54

to outstanding amounts, including back pay,

25:56

generally on the terms as per

25:58

the previous version. described in the

26:01

attached file. Kind of a

26:03

bailout from these people that we hope will

26:05

buy us. Through

26:07

this email we would also

26:09

like to introduce you to the exceptional

26:11

team at Podcast One, Kit,

26:14

the President, and Eli, Vice

26:16

President of Talent Partnerships. Kit

26:19

and Eli sounds like a

26:21

vaudeville duo. Please let

26:23

us know if you are interested in proceeding as

26:25

per the details given in the attachment, any

26:28

payment structure and amount will

26:30

depend on the successful closing of the

26:33

proposed acquisition and the

26:35

execution of a new or amended

26:37

podcast agreement to

26:39

be entered into between you and

26:42

the post acquisition company. Basically

26:44

you're saying you're not going to

26:46

get shit unless you are strong

26:48

armed into signing a

26:50

deal with the people that I'm now

26:53

trying to get to buy something if

26:55

I have anything of value. And

26:58

then there's the attachment

27:00

here, Jim Cornette experience

27:02

and drive through proposed deal terms

27:05

Live One and Cast

27:07

Media Assets Acquisition. Adjustments

27:10

to your current contract in

27:13

the transition to Live One affiliated

27:15

post acquisition company. It

27:18

says they would give us a term that would

27:20

be a proposed two-year deal ending

27:23

June 1st, 2026. A

27:27

two-year deal that will last three

27:29

years is what that is, these

27:31

idiots. The

27:34

split, there's no changes so we would allegedly get

27:36

the same split but such

27:38

other changes as Live One may

27:40

reasonably request. And then

27:43

here's the accounts payable estimated. We

27:46

will get based on the amount

27:48

they claim that they currently owe us which

27:50

doesn't even include the amount they said they were going

27:52

to pay us for the next two payments, they

27:55

were going to pay us a third in cash, a third

27:58

in cash. cash over

28:01

24 months. And

28:03

then a third converted to

28:05

public stock over 24 months.

28:08

So we would get,

28:11

allegedly, a third of the money that they're claiming

28:13

here, not including the other money they owe us,

28:15

and then a third of that money we would

28:18

have to wait for two years, I guess in

28:20

the middle of our two year, three year term,

28:22

whatever the fuck that is, to get that money,

28:24

and then we would have to get stock that

28:26

we would be forced to hold on to for

28:29

two years in a bullshit company that no one

28:31

wants to fucking stock up. And

28:33

that we don't want to be involved with to begin with.

28:37

Note, the above deal terms

28:39

are for discussion purposes only and do

28:41

not constitute an offer or a binding

28:43

agreement by Cast Media Live 1 and

28:45

or any of their respective representatives, agents,

28:47

affiliates, no binding agreement shall exist until

28:49

such time as the parties execute a

28:51

definitive agreement with respect to the above

28:54

deal terms that goes on from here.

28:56

So it's an offer without being an

28:58

offer. I told

29:01

you what was going on and told you I was

29:04

not very happy. I felt

29:06

that he had plenty of time to

29:08

give us a heads up about this. Well, plus, I'm

29:10

because, and by the way, if anybody's wondering, what

29:13

does Cornette say to him? I've never talked to

29:15

this guy yet for both of our fucking self

29:17

preservation. I don't fucking because I'm

29:19

way not as patient as you are. But

29:22

I'm seeing these emails and

29:24

you are continually saying, no, no,

29:28

we're not taking this deal.

29:30

No, this is probably going

29:32

to court. No, we're

29:34

not going to work with Podcast

29:36

One. No, and he keeps sending

29:38

you emails. He doesn't even, he's

29:41

not even reading them. He's oh, it's

29:43

going to be so wonderful. He's a silly

29:45

walk down the yellow brick road with Podcast

29:47

One. He's a sociopath. None of this matters

29:49

to him. He's looking for his end game,

29:51

which is he's going to end up at

29:53

Podcast One. He's trying to set himself up

29:55

with a job because he can't sell

29:57

his company for cash. And as we. come

30:00

to find out are they not trying to

30:02

set up some kind of publicly traded company

30:04

that they can sell stock in and make

30:06

something out of nothing? Well, let me continue

30:08

with the emails because you... Okay, go ahead.

30:10

Let's do that in their actual words so

30:12

we can't get accused of making

30:14

anything up. So I responded to

30:16

Colin. Colin, the

30:19

proposed deal term's attachment is disappointing

30:22

and thoroughly unacceptable. We

30:25

will not be engaging in any conversations

30:27

with LiveOne unless CAST Media's

30:29

outstanding balance to us is paid

30:32

in cash. Also,

30:35

your attachment reflects a certain amount as the

30:37

balance. How was this number

30:39

generated? Is that the number minus

30:41

the amounts we were told to expect in June and

30:43

July? Will those payments be going

30:46

through as scheduled? We

30:48

are not interested in any stock or

30:50

payment deferrals. We expect

30:52

CAST to fulfill its end

30:54

of our financial agreement. In

30:57

order for us to continue to advertise the

30:59

existing sponsors on the schedule, we need

31:01

immediate clarity on this. Please

31:04

know, if CAST does not pay

31:06

us exactly what we erode, the

31:09

listeners will regularly be

31:11

informed and reminded about this

31:13

issue and we will make sure the

31:15

sponsors and their agents know

31:18

that we haven't been paid for their spots. By

31:20

the way, Part B of that's already been done, we're

31:23

doing Part A right now. Also, we

31:25

will put a ticker on all future YouTube videos displaying

31:27

the amount I owed and who owes it. Because

31:29

that we're not going to do. That what I

31:31

threw in just to make myself laugh. Also,

31:35

please let me know who we CAST

31:37

to speak to about preparations to move

31:39

our shows to another distribution platform as

31:42

it appears that is now highly likely. Let

31:45

me know if you want to get the lawyers involved.

31:47

I just informed my corporate counsel of

31:49

the contents of your email. coming

32:00

out of your mouth. And he

32:02

just writes back, Hi, Brian, let's get

32:04

on a call. First thing next week to discuss.

32:07

I'd like to highlight one thing

32:09

in the current economic climate cast

32:11

a small entity in podcasting. And

32:14

so highly impacted by volatile times

32:16

has managed to navigate a path

32:18

that offers the potential for all

32:20

podcasters to receive the full value

32:22

of their balance. Not only that,

32:25

but with a fantastic first class

32:27

podcasting company and team in podcast

32:29

one to drive better results in

32:31

the collaboration moving into the future.

32:33

There is no collaboration. He has

32:37

just said bullshit.

32:41

We have, there are no volatile

32:43

times at the Jim Cornette podcasting

32:46

business except the ones that

32:48

are involving him. And

32:51

he may be a small entity in podcasting,

32:54

but we are not. He

32:56

has navigated a path that

32:58

offered the potential for all the

33:00

shows on his network to get

33:03

fucked because he can't run

33:05

a fucking business without going bankrupt.

33:08

And again, he's sending us this email, but

33:10

attached to it, copied to it are

33:12

the two top executives, allegedly a podcast one,

33:14

one guy's apparently being sued to solve that.

33:17

And then a couple of the cast media

33:20

executives, who again, good people that we had

33:22

good relationships with. The issue was with

33:24

him in the accounting department. But then

33:26

in the same email you were quoting, the

33:28

recent downturn in the digital advertising

33:30

economy has placed every podcasting company

33:33

in a vulnerable position. It's

33:35

important to note that cast shareholders

33:37

and investors who have invested millions

33:40

of dollars and years, millions of

33:42

years, really, millions of dollars and

33:44

years of their lives into the

33:46

company are receiving

33:48

exclusively stock in

33:50

this transaction. He has managed

33:53

to hornswoggle somebody into putting money

33:55

into this sinking ship and now

33:57

they're getting fucking paper for it.

34:00

For further context, I recommend this article,

34:02

and it's a Bloomberg article about, podcast

34:05

consolidation reaches smaller studios

34:07

amid advertising downturn. It

34:10

provides insight into the alternative, more

34:13

likely paths that could have played out, which

34:16

would have resulted in far less favorable

34:18

outcomes. I look forward

34:20

to our call. Please let me

34:22

know a suitable time for you. I

34:25

don't see how there could be a less favorable

34:27

outcome than we're not getting our money. We're

34:30

not getting our money. This is the first time you've heard

34:32

from me since the NDA. I'm contacting

34:34

you with these guys who I'm trying to get you to

34:36

work with, because that's all part of this

34:38

deal. And he copied them

34:41

on this email. Is one of them this

34:43

Rob Ellen fellow that sent me an email?

34:45

Oh no, that guy comes in in a

34:47

little bit. What a story that guy is.

34:51

Holy shit, I'm gonna read those. So

34:54

I responded to Colin. Colin

34:56

doesn't sound like much reason for a call. Sounds

34:59

like you've decided to fuck us on our money. You

35:02

had plenty of time in the last several months to give

35:04

us a heads up that you couldn't fulfill your obligations, and

35:07

instead this. Jim will have

35:09

plenty to say about this on future shows. And

35:12

by the way, also, I know that there's a lot

35:14

of people that

35:16

he's fucked around on money also, their shows.

35:18

They may not be listeners, but if you

35:20

know somebody that does a podcast... Oh yeah,

35:23

get in touch. That, yeah, or

35:25

send this clip to them or whatever, because

35:27

they're gonna love to hear this, because there's

35:29

other people that he's really putting the fucking

35:32

lurch. Go ahead. Again, we expect

35:34

full payment of what is owed to being cash,

35:37

as it has always been. We

35:39

reject any offer of stock or

35:42

deferred payment. Stock

35:44

built on an unsustainable business model has

35:46

no value to us, and

35:49

certainly is not equal to cash. Unless

35:52

we hear a plan for a complete repayment in

35:54

cash, we will immediately cease

35:56

all cast advertising on the programs,

35:59

including this week's weekend's episodes. We

36:02

are not under contract and we

36:04

have no intention of moving to Podcast One

36:07

or any of their subsidiaries. As

36:09

I asked earlier, please direct me to

36:11

who it cast I will be able to work with to

36:14

facilitate the feeds being transferred to a new

36:16

home. Also, as

36:18

I asked earlier, please let me

36:21

know if the next two scheduled

36:23

payments will be processed as expected.

36:26

Would you like to read his response? Well,

36:29

tell me after all this if you could

36:31

hear his response and not be like, what

36:33

the fuck is wrong with this guy? I

36:37

know you're upset and clearly my efforts are not

36:39

going to change that. The reason

36:41

I didn't reach out two months ago

36:43

is because it looked like with everything

36:46

happening in the industry, there was a

36:48

high likelihood you were not going to be able

36:50

to get anything and that cast was going to

36:52

have to close down as other similar podcast companies

36:54

have recently. In the... We

36:57

don't care about your podcast company, you

36:59

stole our advertising money. In

37:01

this scenario, you would have lost the entire

37:04

balance as has happened at other companies. So

37:06

I went to work on finding a solution and

37:09

this is that solution. I didn't want to discuss

37:11

something that I wasn't confident could happen. So I

37:13

put the deal together first and came to you

37:15

immediately when it was ready. So

37:20

he put a deal together that

37:23

he knew would be completely

37:25

unacceptable and then presented it to us

37:27

rather than saying, hey, I'm in trouble.

37:30

Can you guys work with me in any way,

37:32

shape or form? And

37:34

he finishes, I'm still imploring you to do

37:36

the right thing for you and your client.

37:40

The right thing and the right thing. That is apparently me. We've

37:44

been doing these shows for five years. This

37:46

guy's been selling advertising, never listen to one

37:48

of them. Which

37:51

is anyway, yeah, do the

37:53

right thing. I'm imploring you to do

37:55

the right thing and take this shitty

37:57

fucking deal to save my ass. So

38:01

you wrote back... Colin,

38:05

again, please direct me to who we

38:07

cast I will be able to work with to facilitate the

38:09

feeds being transferred to a new home. Ask

38:11

twice in previous emails and you have

38:13

not answered. A reminder, we

38:16

own the show, not cast. Again,

38:20

please let me know if the next two scheduled

38:22

payments June and July will be processed

38:25

as expected and promised. Ask

38:27

twice in previous emails and you have not

38:29

answered. We will not

38:31

be moving to podcast one or one of

38:33

their affiliates. You need

38:35

podcast one, we don't. We

38:38

are absolutely going to soon cast and

38:41

you personally, in at least three states,

38:43

if we do not receive what we

38:45

are owed. Please direct me

38:47

to whom your legal counsel is so I can

38:49

pass along that info to my legal team. All

38:52

advertising has been halted. We will

38:54

be informing sponsors and agents on Tuesday

38:56

that cast has decided to keep our

38:58

money for themselves. Also,

39:02

I'm going to instruct my team to immediately begin

39:04

production on a new podcast called Does

39:06

Colin Thompson owe you money? I will

39:09

budget half of what you owe us to

39:12

advertise it all over Los Angeles. I

39:14

bet there are others with something to say and I'll

39:17

find them. How are those billboards working out? Well,

39:19

by the way, I was asked not to do

39:21

this just yet because of the

39:23

pending litigation, but this is going to fucking

39:25

happen. Yeah, because we hadn't actually got to

39:27

the pending litigation yet. Yeah, there's more folks,

39:30

including an

39:32

executive that apparently does not have a grasp

39:35

on the English language. But go ahead. We

39:37

plan to make sure all the listeners know

39:39

that Colin Thompson of Cast Media decided

39:41

to rip us off and as a con artist.

39:45

Over and over again, we will remind everyone.

39:48

Colin Thompson of Cast Media decided to rip

39:50

us off and as a con artist. Good

39:53

luck. And then I

39:55

responded quickly after that one more thing because I was

39:58

fired up. One

40:00

more thing. You wrote, the reason I didn't

40:02

reach out two months ago is because it looked like with

40:05

everything happening in industry there was a likelihood you weren't going

40:07

to be able to get anything and that cash was going

40:09

to have to close down, as other similar companies have. For

40:12

the record, I started raising issues in email about our

40:14

money in late 2022, not two months ago. You

40:19

had nothing but time to tell us there were problems. You

40:21

had plenty of opportunities to inform us that we would not

40:23

be paid for the ads we were doing. You

40:26

decided to obfuscate and have us

40:28

continue to do ads we weren't going to be paid for. Then

40:31

you email us that we will only be paid

40:33

if we sign a bad deal with a company

40:35

that has a horrible reputation and that

40:37

that payment would consist of garbage stock.

40:41

You have attempted to force us into a bad deal

40:43

in order to collect our money. This

40:46

will not stand. You have

40:48

until May 31st to produce a full

40:51

accounting and issue a complete payment for money's

40:53

owed. My legal team is

40:55

now looking into anything we could possibly do to

40:58

kill your planned sale of cash unless

41:00

we are paid what we are owed. Stronger

41:02

words to follow. But

41:05

you yelled those out of your window. Well,

41:07

this is what panicked them the most, was

41:10

the threat of killing

41:12

the deal. Because this triggered a

41:14

whole other round of the emails. Yes, because

41:17

now we're starting to find out what the

41:19

there is a plot behind all of this.

41:22

So following up on my last email from Colin.

41:25

Hey Brian, to answer your question as you

41:28

referenced above, Cast and Jim have an

41:30

agreed payment plan in place to

41:32

which both parties agreed and Cast has

41:34

adhered. Cast intends to

41:36

continue to make these payments you referenced on

41:38

schedule. Note, editor's note.

41:41

We ain't got one goddamn penny since he

41:43

wrote this email. No, nothing. So that was

41:46

a lie. Yeah. Accordingly, Cast

41:48

has continued to perform according to

41:50

its side of the agreement. There's

41:53

no agreement. Both

41:55

parties are in continuous and unbroken performance

41:57

under the terms and conditions stipulated. in

42:00

the contract and amended and agreed by

42:02

email, thereby it is presumed to be

42:05

in full force an effect. We

42:08

expect Jim's continued performance under

42:10

the contract including responsibility

42:13

and confidentiality

42:15

as well as continued advertising

42:18

integration. Yes. And

42:21

even though our written contract for

42:23

reasons that we mentioned earlier has

42:25

been expired with this guy for

42:28

several years now, we

42:31

do have as Stephen P.

42:33

New at newlawoffice.com 888-692-8084, we have had

42:35

an implied contract because both parties were

42:37

operating, continuing to

42:44

operate under the terms that had

42:46

been agreed upon until he breached

42:49

his first. Breached him

42:51

multiple times. He's an idiot. Other

42:53

podcasters who have balances of cast as you

42:55

do view this transaction as

42:58

a tremendous opportunity and are

43:00

very focused on helping us close in order to

43:02

1. Be paid the

43:04

full value of their balance with cast. Continue

43:09

forward with the fantastic team and

43:11

infrastructure of the combined entities of

43:14

cast and podcast 1. Once

43:17

again, the only entity we cared about was their sales team.

43:19

They're all gone. And 3. Become

43:22

partners pre-IPO

43:26

in the largest combined independent

43:29

force in podcasting with

43:31

tremendous upside and

43:34

the opportunity to double up the

43:36

revenue of the podcast in podcasting.

43:40

Tremendous upside and the ability to double up

43:42

the revenue by driving stock

43:45

value appreciation over time with the

43:47

ownership in the net. What the

43:49

fuck? Hahaha. Oh,

43:52

but I like that in the next paragraph. It

43:54

must be clearly understood that

43:57

any attempt to interfere with this transaction either

44:00

or indirectly would cause significant damage

44:02

to Podcast One, CAST, and a

44:04

number of other parties who are

44:07

relying on the successful conclusion of

44:09

this transaction to ensure their rightful

44:11

payments. Again,

44:14

everybody's begging and pleading us to do this

44:16

so they can get some of the money

44:19

that we owe them. And

44:21

he says the ensuing damages, if you

44:23

were to cause this deal to unravel,

44:25

could be substantial, potentially falling within

44:27

the region of $10 million to $20 million. It

44:33

would impact a broad spectrum of parties.

44:35

Well, there's much less than that that

44:37

we need. So

44:40

we were wondering, well, if it's that big of a

44:42

deal, why don't you just give us our money to

44:44

just go away and shut up? But

44:46

anyway, he says consider this

44:48

as a serious caution. Any

44:50

attempt to disrupt or compromise

44:52

this transaction would lead

44:54

to decisive legal actions. We strongly

44:57

urge you to bear in mind

44:59

the significant repercussions that your actions

45:01

may bring about. And

45:04

you just know that I love a

45:07

challenge. Anyway,

45:09

he highly recommended that we get

45:11

on a call with Podcast One

45:14

and get to know them. They're fantastic

45:16

operators. After all of that, again, I'm

45:18

here to help. I only

45:21

want good things as we move forward. I

45:23

highly recommend you get on a call with

45:25

Podcast One, fantastic operators, and they

45:27

will ensure the impressive trajectory of increasing

45:30

advertising revenue over time that cast has

45:32

been responsible for on your show continues

45:34

on the future shows, which they did

45:36

by firing the entire sales team. I

45:39

don't know. Mike Jensen, I think, resigned on his

45:41

own, but they fired everyone else. But

45:43

now he also at the same point, he

45:47

copied on this email Cast's

45:50

retained bankruptcy counsel

45:54

and the CEO of

45:56

Live One, a guy

45:58

named Robert Ellen. And

46:01

one would think that he wouldn't, if he's talking

46:03

to somebody who's basically told them, look, if you

46:05

don't pay us our money that you owe us,

46:07

we're going to raise enough of a stink, it'll

46:09

screw your goddamn scam up you're plotting here. One

46:13

would think that he wouldn't copy on the

46:17

email the fucking head of the company

46:19

that he's trying to

46:21

get bought by unless this guy's in on it too.

46:23

So my response to this and now I'm just, now

46:26

I'm pissed off. I wrote, no,

46:30

we will not be working with Podcast One

46:32

or any of their subsidiaries. Again,

46:34

you need Podcast One,

46:37

we don't. We have no

46:39

interest in their garbage stock and

46:41

there is nothing they have to offer us. As

46:45

it seems you keep missing this point, I will

46:47

put it in bold. We

46:49

will not be working with Podcast One

46:52

or any of their subsidiaries. It is

46:54

very dark and bold. A

46:56

reminder, despite your ridiculous statements

46:58

in the previous email, we

47:01

are long at a contract and free to do

47:03

as we wish with our programs. Even

47:06

if we were under contract, CAST

47:08

would have been in violation numerous times. All

47:12

advertising has been halted and we are

47:14

alerting all advertisers as to what you are up

47:16

to. We are not

47:19

bound to any confidentiality agreement which

47:21

you already know. Your

47:24

relationship with CAST is over. We

47:26

are free agents. We

47:28

are not concerned with what other

47:30

CAST podcasts are doing, although

47:32

after we start reaching out to them maybe they will

47:35

see things differently. I genuinely

47:37

feel awful for those shows

47:39

and any CAST staff that

47:42

will be told they have to take worthless stock for

47:44

payment. You can stick

47:46

the legal threats up your vagina. You

47:48

have attempted to swindle us and we

47:51

will let everyone know. You

47:53

had us continue to advertise to sponsors for months,

47:56

even though you had no intention of paying us what

47:58

we erode. You are a

48:00

crook, plain and simple. Consider

48:03

this as a serious caution. We

48:06

are going to make sure to endlessly let

48:08

all the listeners know, with great detail, that

48:10

Colin Thompson a podcast won Stole Hour

48:13

Money because he doesn't know how to run a business.

48:16

Also note, my team is working tonight

48:18

on the artwork for the new Does Colin Thompson

48:21

owe you money podcast? Which

48:23

I've scheduled for a mid-June launch. We've

48:25

been asked to hold back but goddamn I'm

48:27

the first guest. We've been asked to hold

48:29

back while this pending litigation situation is happening

48:31

here. With the strength of our

48:34

audience and how upset everyone will be about

48:36

someone trying to rip us off, I'm

48:38

confident we will get it to the top of the charts

48:40

in a couple of genres. Once

48:42

again you have until May 31st to produce

48:45

a full accounting and provide payment for the

48:47

outstanding balance. I'm copying Jim

48:49

Cornette and Steven P. New, our counsel

48:51

on this email. I'll also be speaking

48:53

with my friends at the SEC about all this. What

48:57

did the Southeastern Conference have to say? Well as

48:59

soon as I brought up the Security and Exchange

49:01

Commission, that's when they really got scared and that's

49:04

when this Rob Ellen goof thought

49:06

he was going to somehow circle around me and go to

49:08

you directly and he

49:11

won you over, didn't he? He convinced you

49:13

that we should go to podcast one. Well

49:16

here's what he said, somehow out of

49:18

the blue again and also

49:21

he copied somebody

49:23

named Sasha Oblovitsky, that's

49:26

got a Blove-iator,

49:28

that's got to be some kind of

49:30

made up shit. But anyway, he

49:33

says, Jim, I opened the email because I don't

49:35

know who this is from. Jim, we do not

49:37

own cast media and

49:39

have never met or done any business with

49:41

your team. Then I found

49:44

out it's Robert Ellen who

49:46

is the CEO of Live One.

49:49

He said, truly, and by the way I'm going to read this

49:51

the way it's written, truly shocked

49:53

by these crazy messages from your

49:55

team about Podcast One. The

49:58

SEC does not take kindly to the SEC. these

50:00

kinds of threats. I'm a

50:02

huge WWE fan and partner with them

50:04

for 40 years and really enjoy your

50:06

podcast. He'd been a fan

50:08

of mine for many years. Live

50:10

One is 100 mil plus public

50:13

company and have no zero dog in

50:15

this fight today. We

50:18

have only signed an

50:20

non-binding LOI to

50:22

acquire certain assets of cast media. No

50:25

guarantee any deal

50:27

goes forward. I'm available anytime

50:29

if you want to speak directly. Without,

50:32

I would highly recommend your team

50:34

does not bring Live One's podcast

50:36

one into this fight. Thank you.

50:38

Rob Ellen, CEO, Live One, parentheses,

50:42

LVO. His cell number is

50:44

1310. I

50:51

guess Jason left to take that out. We'll leave it

50:53

in. We'll see. So anyway,

50:57

so, you know, I'm like Steven P. New.

50:59

I got his motto. Hold on. Do you

51:01

know what? Can I reveal what

51:03

you sent to me after this guy contacted you?

51:05

Well, no, wait a minute. Hold on. That's after

51:07

I sent him. I got

51:09

to read my email to him and then his response

51:12

to me. And then. No,

51:15

it was before that. It was before that. I'm

51:17

looking at it right here on the paper. I

51:19

got hold on. I'm fucking this dog. You just

51:21

hold its head because

51:23

I figure, okay. As I said, I

51:25

got Steven P. New motto. I will

51:27

give any man one chance to

51:30

do the right thing and then I will fuck him up.

51:33

So I wrote to this guy. Hi, Rob. You

51:35

are correct. You nor your

51:37

company have never met or done business with

51:39

Brian Last and myself. And we're not even

51:41

the ones who included you in any email

51:43

exchanges. That was Collin Thompson at Cast Media,

51:46

who owes us a six

51:48

figure son. And

51:51

he's been tossing your company's name around

51:53

for weeks as an entity that would

51:55

help us get paid. So

51:57

we'll take you out of the emails if you like, but I

51:59

thought. You might want to know how Colin has

52:01

been representing you. And

52:04

then I gave him the history in one

52:06

paragraph. They've been acting as our agency selling

52:08

advertising, blah, blah, blah. And

52:11

it all of a sudden we

52:13

ain't getting our money and it was change of

52:16

accounts and it was problems with the industry. We

52:18

asked for accounting, blah, blah, blah.

52:21

And then I said, he's repeatedly

52:23

tried to push us to signing with your company, who

52:25

we have yet to have any contact with as the

52:27

way to get our money. And

52:30

he's offered to pay us part of it, part

52:33

over two years and part of some kind of stock

52:35

that we don't want. We're not going

52:37

to be strong armed at assigning any kind of contract

52:39

for a two year term to get money that we're

52:41

owed now for services we've already performed. Nor

52:44

is Colin doing your company any favors being

52:46

grouped with him. If he's

52:48

dealing with any other individuals he owes money to

52:50

in this manner. So in my

52:52

opinion, Colin's messages are the crazy ones and

52:56

Brian's are reasonable reactions. All

52:58

we want is paid and we'll be done and on our

53:01

way. So I

53:04

offered him, I said, if you want specific

53:06

details or more information about this, you

53:09

can contact Brian last or

53:11

our attorney, Steven P. new,

53:13

and I highly recommend you

53:15

encourage Colin to just get right with us

53:17

so we can go away and everybody can

53:19

continue with their lives because I'm

53:21

62 years old, pissed off,

53:24

and don't care what I say about anybody in

53:26

public. So if you don't want

53:28

to be brought in a fight, let's not have one. Oh,

53:32

and P.S. I personally don't know anybody at the

53:34

SEC. So if you do, and they don't take

53:36

kindly to these kinds of threats, tell them Jim

53:38

Cornette doesn't give a shit, but I'm glad you

53:40

enjoy our podcast. That's

53:42

what I told Rob. And

53:45

what Rob... No, you responded to

53:47

me already because the second one is here.

53:49

The first one was before

53:51

you responded, you said it to me, you

53:54

said, so who is this fucking guy? Oh,

53:56

okay. All right. And

54:04

he responds to the email that I

54:06

just sent him, happy

54:08

to try and help. I

54:11

ask Colin for to provide

54:13

STMTS as

54:16

in statements, I guess. Assuming

54:18

you decide worth call with

54:20

podcast one team, Kit Eli,

54:22

Sue all whiling with one

54:24

L to join call. Fax

54:27

THX, Rob. And

54:31

I wrote to you forwarding

54:33

that email, is this fucking guy on

54:36

drugs? That was the second email. And

54:38

that was, and that's, that's so yeah.

54:41

So anyway, obviously

54:43

then the next, I think the next

54:45

contact was from Steven. Well, no, you

54:48

heard from Rob one more time. Did

54:50

I? Spoke to Colin, asked for full

54:52

accounting. My gut tell me you, my

54:54

gut tell me worth you meeting podcast

54:56

one team without Colin will

54:59

be in bankruptcy. Yeah.

55:01

And I'm just, I'm playing the

55:03

world's smallest violin right now for poor Colin,

55:05

it's bankrupted himself. Again, every single thing since

55:08

we started saying we're not going to deal

55:10

with podcast one from Colin Thompson of cast

55:12

media, as well as the CEO allegedly of

55:14

podcast one or the parent company, whatever it

55:16

may be live one. Everything's

55:19

a push. You have to do this.

55:21

You have to talk to our team. There will

55:23

be no money. Unless you do this, the

55:26

deal will unravel unless you do that. Get

55:28

the fuck all of you. I

55:30

said to you, I said 10 to $20 million.

55:33

If we can cost them that much, they ought

55:35

to just give us our fucking paltry mid

55:37

six figures and we'll go away. So

55:40

yeah, then we got Steven involved and he's

55:43

now dealing with their attorney. And then as

55:45

soon as he contacts their attorney and has

55:47

the, the first call. Which

55:50

weasel or alleged weasel was it that

55:52

then contacted you to try to go

55:54

around Steven? Oh yeah. After Steven had

55:56

to call with them, the attorney, uh,

55:58

let me get this guy. name, Holmam.

56:01

Yeah, make sure we know his name

56:03

for the State Bar Association because what

56:05

happened was once that this attorney had

56:08

been contacted by our counsel and

56:10

informed that we were pursuing

56:12

the issue legally and that he was

56:14

the representation, it is

56:17

goddamn, it's not according to Hoyle

56:20

for that attorney to then contact the

56:23

opposition client directly and that's exactly what

56:25

he did. Yes, so then

56:27

I get an email from this guy, his

56:29

name is Neil Sackler from

56:31

Sackler Entertainment Law PC. You

56:34

guys know what entertainment law means? He knows how to

56:36

read a contract and maybe negotiate, that's it. Dear

56:39

Brian, I am outside

56:41

counsel for Cast Media and I'm writing

56:44

you concerning the settlement of financial

56:46

obligations in connection with, in

56:49

quotes, Jim Cornette. Like

56:53

your canned peas, I'm

56:55

a product now. Cast

56:58

has entered into a letter of intent for the

57:00

purchase of its assets by Live One. A

57:03

key condition the closing of the

57:05

transaction is the settlement of

57:07

your balance. In

57:09

the event that Cast is unable

57:11

to close the Live One asset sale, it

57:14

will likely declare bankruptcy under

57:16

Section 7 or sub-chapter

57:18

5 of Section 11 of

57:21

the bankruptcy code. Cast

57:23

anticipates presenting a

57:25

settlement offer within the next one

57:28

to two weeks. I'll

57:30

provide you with the necessary details as

57:32

soon as they become available. Thank

57:35

you for understanding and cooperation.

57:38

Sincerely, Neil Sackler. Which

57:41

I immediately forwarded to you and Stephen. Who

57:43

the fuck is this guy trying to go around everyone? And

57:46

again, Brian, have

57:48

you seen the information?

57:50

That was June 14th. Yeah

57:55

because Stephen then, and I

57:57

gotta read this one, because Stephen wrote... back

58:00

to Mr. Sacker there. Sacker,

58:03

not Sackler. You're thinking

58:05

of the... Oh, it is Sacker.

58:07

Neil Sacker. You're thinking

58:09

of the other criminal elements, the

58:12

Sacklers. But anyway, this

58:14

Neil Sacker character that wrote to you

58:16

after being introduced to

58:18

Stephen P. New, Stephen P. New wrote

58:20

back to him, Neil, we spoke last

58:22

week about cast media. As you are

58:25

aware, Jim Cornette and Arcadian Vanguard are

58:27

represented by counsel. It is

58:29

unethical even in California to contact parties

58:31

whom you know to be represented by

58:33

counsel. Please do not do so again.

58:35

Please direct all correspondence

58:38

concerning this matter to

58:40

my attention and I will afford you the

58:42

same courtesy. Thank you. And

58:46

no offer... Again, we're going to get an offer within

58:49

two weeks. It's now over a month, no offer. From

58:51

what... I'll just say

58:53

this, I will not be surprised if this

58:56

Neil Sackler outside counsel, not the bankruptcy attorney

58:58

that was attached to the earlier email, I will

59:01

be surprised if this guy is not mixed

59:04

up in this. Mixed

59:06

up in terms of helping Colin... Who

59:10

knows? Do whatever he's trying to pull.

59:12

Hey listen, millions of dollars,

59:14

he said, from investors have

59:17

been lost. How did he

59:19

find these investors? There's a lot of questions we're going

59:21

to be asking. There's a lot of things that are

59:23

going to become apparent in discovery. The

59:25

relationship and the conversations between Rob Ellen

59:28

and Colin Thompson, whether or not

59:30

paying us was a strategy to try to

59:33

leverage us into a deal

59:36

which fell apart. I mean, I

59:38

got to be honest with you. The money they owe us, it's a good amount

59:40

of money. This story to me is more than

59:42

worth it. I love the

59:44

fact that I got to tell this guy in front of

59:47

his new bosses, this stick is legal threats up his vagina.

59:49

That makes it all worth it to me. Because

59:52

here's the thing, and we mentioned this,

59:54

but there is obviously legitimacy to it.

59:57

There's a lot of people that this guy has

59:59

screwed around that make They have either taken their

1:00:01

show off the air or they're

1:00:04

beholden to these people because they had

1:00:06

contracts. They have to deal with

1:00:09

people they don't want to deal with. They can't get their

1:00:11

money. They can't get paid. We

1:00:13

are pretty convinced and assured that there

1:00:15

are people that he owes more money

1:00:17

to than us and

1:00:19

that's a consideration. When you add all of this

1:00:21

up, he's fucked a bunch of people around, not

1:00:23

only that, but as

1:00:25

we mentioned, his own employees that

1:00:28

were blindsided by this in a

1:00:30

lot of cases and were either

1:00:33

immediately let go, they can't find the guy

1:00:35

now. Like I said, we've

1:00:37

hired a couple of them, but

1:00:39

they can't find the guy now. He's not

1:00:41

responding to anybody. He's hiding out. So

1:00:45

if this deal is still

1:00:47

a deal or a thing,

1:00:49

he's not doing himself any favors

1:00:52

and we're going to make sure that we

1:00:54

are here to, on behalf of

1:00:56

all those shows that either don't have the

1:00:58

platform or the people that were unfortunately

1:01:01

contractually beholden to this clown somehow

1:01:03

are going to be strong armed

1:01:06

into this fake stock scam, this

1:01:08

Ponzi scheme, whatever's going on here,

1:01:12

we're going to let people know, don't

1:01:14

trust Colin Thompson of

1:01:16

Cast Media and

1:01:18

apparently the rest

1:01:20

of these weasels that are trying to pull something

1:01:23

over on everybody and in conjunction with him. And

1:01:26

we don't need Podcast One. We

1:01:28

got one podcast right over here, the

1:01:30

big one. And by

1:01:32

the way, this week now that we were back

1:01:34

on full coverage, according

1:01:37

to the Apple charts, are we

1:01:39

the Beatles? Isn't that

1:01:41

fitting that it's the Apple charts

1:01:43

and we're the Beatles because we had five

1:01:46

of the top seven shows? That's

1:01:48

right. For episodes, when they actually count the episodes

1:01:50

and how many downloads they get, even

1:01:53

though we had a bunch of old shows that we put up,

1:01:55

five of the top seven. And of course, once

1:01:57

the shows went back on the feed, we

1:01:59

took one and two. back the way it's supposed

1:02:01

to be. Yeah. And Colin Thompson couldn't make

1:02:03

enough money to stay afloat and keep his

1:02:05

fucking yap above water off

1:02:07

a show like that. See, it's a bigger

1:02:10

problem if we could talk about

1:02:12

it real quick. You have

1:02:14

a bunch of people that try to take advantage of

1:02:16

a situation and come up with a business plan and

1:02:19

it falls apart. Podcasting is a

1:02:21

big deal. Everyone has one. Everyone does it. You know,

1:02:23

every now and then they have the stat of how

1:02:25

many podcasts there are every week, and

1:02:27

it's astounding when you really look at it. Because

1:02:30

there's no audience for a good amount of them, but people do

1:02:32

it. The idea

1:02:34

of building a business around it, it has

1:02:36

to be scaled. It has to make

1:02:38

sense. But there are too many

1:02:41

people whose business strategy is try

1:02:43

to make as much as we can and then

1:02:45

pump it into building us up and

1:02:47

making it look like more is happening than it

1:02:49

is. You know,

1:02:51

everybody wants to go Hollywood. Again, fake

1:02:53

it till you make it is

1:02:55

the story of Colin Thompson. And I believe

1:02:59

in a perfect world, his

1:03:01

end game was to be able

1:03:03

to sell cast media and its intellectual

1:03:05

property and its assets, whatever contracts

1:03:07

they had to a podcast

1:03:10

one or any third party and

1:03:12

get a big cash payout for him. Set

1:03:14

him up with a job and hopefully other people

1:03:16

would get money too. But it's about him. Didn't

1:03:19

work out that way because Colin Thompson doesn't know how

1:03:21

to run a business. Colin Thompson

1:03:24

doesn't know how to run a podcasting

1:03:26

business and Colin Thompson is thoroughly uncreative.

1:03:28

So now Colin Thompson sets up this

1:03:30

deal where he's got no

1:03:32

more money. He's misappropriated

1:03:35

shows money into other who knows

1:03:37

what? I mean, we presume

1:03:39

it was put into other productions. Maybe

1:03:42

he needed special narrators or special music

1:03:45

or who knows what. If

1:03:47

you need all that stuff, you're not doing it right. Or

1:03:50

maybe it went somewhere else. We will find out. We

1:03:52

will follow the money. We will fucking

1:03:54

drag every account that he's ever had and to

1:03:57

do a deposition. So we will find

1:03:59

out. But Collins' plan didn't work because

1:04:01

he couldn't run a business. So

1:04:04

instead, the best he could do, and

1:04:06

we'll find out how long he was talking to Rob Ellen,

1:04:08

a podcast one, or live one, the best he could do

1:04:10

was a deal with Live

1:04:12

One, where they're going to get certain

1:04:15

assets of cast media

1:04:18

for pure stock, no

1:04:21

cash, and then they're

1:04:23

going to try to spin that off into a new stock. I

1:04:26

believe this company, Live One, has previously spun off

1:04:28

other parts of its company into, maybe

1:04:32

the Live Event company or something.

1:04:35

No, they're pre-spun. There's a lot of

1:04:37

spinning. So a lot of spinning. You

1:04:39

don't always want hedge fund people running your business,

1:04:41

especially when they have a certain mindset, and

1:04:45

podcast one is a horrible reputation

1:04:47

industry-wide. Google them. Just

1:04:50

Google podcast one lawsuit, or

1:04:52

Rob Ellen deposition. All

1:04:55

of these things, they're getting sued by various

1:04:57

people. They have a reputation for not paying.

1:04:59

Wrestling people were hip to this many years

1:05:01

ago, in like 2016, 17. Remember,

1:05:04

they got busted. There were certain shows that did it.

1:05:07

Some wrestling fans know who were out there

1:05:09

doing fake numbers, but there was a network.

1:05:11

Podcast one got in trouble for

1:05:14

faking numbers several years

1:05:16

back, I believe. I'll double check. If it's wrong, I

1:05:18

won't be in this. So

1:05:20

we're not interested in doing business with them, and

1:05:22

the deal he structures is

1:05:24

one that helps him. He

1:05:27

was going to get set up and come out on the other side with

1:05:29

a job of podcast one, and his

1:05:31

team was going to be completely

1:05:34

cut, as they were. And

1:05:36

the shows that he owed money to, he wouldn't owe them

1:05:38

money anymore. Live One would owe them money,

1:05:41

and it would be contingent upon

1:05:43

this bullshit deal, and they

1:05:45

would come in with a

1:05:47

suitcase full of worthless paper, like they used to do

1:05:50

in a Banana Republic, and say,

1:05:52

here, it is your payment. Yeah,

1:05:54

no. Fuck Podcast One. Fuck

1:05:56

Live One. Fuck Colin Thompson.

1:05:58

Fuck anyone who can... with

1:06:00

him or help them on any of

1:06:02

this. This fucking weasel, this

1:06:04

effeminate flake, owes us

1:06:06

a lot of money. And he owes

1:06:09

other people a lot of money. And I understand

1:06:12

sociopaths can just let shit go right off

1:06:14

their shoulders and not care. But

1:06:17

this is gonna follow him now. But there's

1:06:19

always somebody that can remind him once they've

1:06:21

forgotten. He can be daily reminded. That's right,

1:06:23

he can be reminded. His wife's parents

1:06:25

can be reminded. There's lots

1:06:27

of people that are gonna be

1:06:29

reminded regularly about Colin, the

1:06:32

effeminate flake, screwing us out of

1:06:34

our money. But you

1:06:36

know the one mistake he made? You mentioned

1:06:38

it and glossed over it a little while

1:06:41

ago, the intellectual property. The problem was

1:06:43

he wasn't intelligent enough to

1:06:45

have any valuable property. Except

1:06:48

us, and he fucked that up. Yeah,

1:06:54

well again, there's a lot of

1:06:56

people in podcasting trying to take

1:06:58

advantage of a situation, not trying

1:07:01

to do something with

1:07:03

a view for the long term. And

1:07:05

not really caring about quality, just

1:07:07

caring to pump shit up. We've

1:07:10

always been an outlier. We've always done our own

1:07:12

thing. Luckily,

1:07:14

we still, I'm happy to say

1:07:16

we now have a brand new sales team.

1:07:18

That's a lot of our old sales team. And

1:07:21

all the sponsors, honestly, we

1:07:23

want to thank them and their understanding while

1:07:25

we had to extricate them out of being

1:07:27

involved. Because none of them want to

1:07:30

continue to be involved with this guy.

1:07:34

But they wanted to come directly to us. And we

1:07:36

said, hold on for a couple of weeks till we

1:07:38

get this sales team in place so that everything's seamless.

1:07:42

We're not going to be able to do

1:07:44

that with feeds, et cetera. But everybody, all the

1:07:46

sponsors contacted us and said, you

1:07:48

know, we're sorry about this issue and we want to

1:07:50

continue. And

1:07:55

then for this Rob Ellen guy to jump into this, I understand you guys are

1:07:57

all scared because the stock is the end game here. Podcast

1:08:00

one or the podcast business into a brand

1:08:02

new stock That's

1:08:05

the fucking endgame here But

1:08:07

if you built that idea on the idea we were gonna be there

1:08:09

you were a fucking idiot I

1:08:11

just I don't understand why if the deals worth all

1:08:14

these millions of dollars They couldn't have just given us

1:08:16

our money to go away cuz you just cuz there's

1:08:18

no cash Podcast one

1:08:20

it's a stock deal. They're not even buying it

1:08:22

for any I'd cash in an

1:08:24

IRA or something if I were them if

1:08:26

I was gonna scam somebody else out of

1:08:28

millions of dollars And there's only one stumbling

1:08:31

block these loud mouths that want their fucking

1:08:33

money Don't like to

1:08:35

get fucked around And

1:08:38

I know you are a show an employee

1:08:41

former employee accountant

1:08:44

Anyone with anything to say or you have

1:08:46

information get in touch corny

1:08:48

[email protected] or brian at arcadianvanguard.com

1:08:52

Let us hear what you have to say We'll

1:08:55

be more than happy to do the airing

1:08:57

of the grievances early this year before Festivus

1:09:00

That's right. There'll be a lot of airing of the

1:09:02

grievances about Colin Thompson of cast media going forward and

1:09:05

that name again was colin Tho

1:09:09

em s o n the

1:09:12

bankrupt reviled and in

1:09:15

hiding Head of cast

1:09:17

K a st media. He

1:09:20

called me a few months back hadn't

1:09:22

heard from him forever You know

1:09:24

I'm dealing with a sales team and a sales team are

1:09:26

good people and I'm dealing with the accounting department and the

1:09:28

accounting Department's always a mess But again, you don't know if

1:09:30

it's the people or because that

1:09:32

department only reports directly to Colin if

1:09:35

it's Colin telling them to fuck Around because he's fucking

1:09:37

around with the money. I hadn't

1:09:39

heard from him in forever calls me up

1:09:41

say hey, it's Colin My hey Colin

1:09:44

what's going on? Oh, everything's

1:09:46

good. I just had a baby my oh,

1:09:48

okay That's I hope he doesn't have stretch

1:09:50

marks lots of fun me and my wife.

1:09:52

We have a baby now Okay,

1:09:55

are you staying up at night? And

1:09:57

then it was like a weird pause like a Yeah,

1:10:00

yeah, what the fuck's wrong with this guy? He's

1:10:03

like a robot, there's like no

1:10:05

human interaction or ability. And

1:10:08

this guy's an idiot. And again, he's a sociopath,

1:10:11

he's screwed a lot of people, and this is gonna

1:10:13

come back to bite him in his ass. He may

1:10:15

like that, I don't know, but this will do something

1:10:17

painful to his ass. I'll say that. That's

1:10:20

right. Hey Jim, some funny update here.

1:10:23

A funny update? A funny update. It appears

1:10:25

some of the CaulthofCoronet members have found a

1:10:27

video on YouTube entitled Colin

1:10:30

Thompson and How to Make Money with Your Podcast.

1:10:33

Oh! Of

1:10:36

all the titles for a video. Oh!

1:10:42

How to Make Money with Podcast takes someone

1:10:44

else's money. It runs. I

1:10:46

was about to say this video should be

1:10:48

titled How to Make Money with Somebody Else's

1:10:50

Podcast. Do

1:10:52

we have any video or any audio

1:10:55

from that? Hold on,

1:10:57

give me a chance, I'll pull it up. Hold on.

1:11:00

How does that start? How does

1:11:02

he commence that sales pitch to

1:11:05

people? Send

1:11:07

me a check and I'll make money with

1:11:09

your podcast. That's about the only way he'd know how

1:11:11

to do it. All right,

1:11:13

let's take it a second to load here. I

1:11:15

wasn't prepared for this. Hold on. Well, you

1:11:18

need to be prepared for my load every time,

1:11:21

just every second of the day. Well, I'm not

1:11:23

behind the dumpster right now, sir, but hold on.

1:11:26

Here we go. Let's hear some audio. You have

1:11:28

an audience of 10,000 and 100 pay $8 a month. You're

1:11:35

making $800 a month off of that and that's probably

1:11:37

a lot more than you would be generating off of

1:11:39

affiliates, maybe even merch. Well,

1:11:42

there's a teaser of

1:11:45

some of the wit and wisdom. If

1:11:47

there are 17,000 people in Wartburg,

1:11:49

Tennessee and each one of them was to give

1:11:51

you 50 cents lunch money every

1:11:54

day, you'd make $74,000 a week. But

1:11:58

the problem is they ain't going to do that. And

1:12:01

I don't know how to make them, because

1:12:03

I'm Collin Thompson and I owe everybody

1:12:05

money and I filed bankruptcy after collecting

1:12:08

other people's money instead of giving it

1:12:10

to them. That's what

1:12:12

they should be saying over there. Maybe you're being

1:12:14

a bit harsh. Maybe there's a, oh, here

1:12:16

are the topics. The topics include monetization, advertising

1:12:19

revenue, joining a network,

1:12:21

podcasting as a medium. Who

1:12:24

is the podcast listener? Who is

1:12:26

the podcast audience? How

1:12:28

Collin got interested in podcasts? Who

1:12:30

is the jailer with the keys

1:12:32

to my cell? Pitching your podcast,

1:12:35

are they hedging their bets? That's an

1:12:37

interesting topic there. Hmm, who are the

1:12:39

listeners? How

1:12:42

much money can a podcast make? Monetizing

1:12:45

an audience, advertising, no gatekeepers,

1:12:49

deal structure, and how to

1:12:51

get paid. Maybe we should watch that part. Let's see, how

1:12:53

to get paid. It

1:12:56

varies from case to case. It's

1:12:59

why we and

1:13:01

other people have a full sales team

1:13:03

because there's so many different equations to

1:13:05

deal with. Sometimes it's

1:13:07

a relationship with an agency that

1:13:11

specializes in a specific kind of deal with

1:13:13

their brands where the brand goes to them

1:13:15

saying, hey, we are willing to pay $5

1:13:18

per sign up. And

1:13:22

then I keep that money and I

1:13:25

go to Acapulco. Oh

1:13:29

man, this idiot. Well more to come from

1:13:31

this. We'll go through various things and play

1:13:33

some audio examples in the future so you

1:13:35

can hear the likes of what

1:13:37

we're dealing with. But this is

1:13:39

your show. Anyway, it's your show.

1:13:41

No, you can't do that right now like that.

1:13:44

That's unfair. That's really unfair.

1:13:47

Well, you know, there is somebody we've been talking

1:13:49

about in the news lately that ain't going to

1:13:51

get away with it. Well, that's

1:13:53

right. And of course you're speaking about Colin

1:13:55

Thompson of Cast Media who owes us and

1:13:58

many, many other shows and it's turning into a.

1:14:00

bigger story than I thought, a lot

1:14:02

of money since we last... Well,

1:14:04

I guess we should do an update here. And by

1:14:07

the way, the clip is right now on our

1:14:10

YouTube channel. If anybody wants to

1:14:12

get refreshed on Colin Thompson of

1:14:14

Cast Media who thought he was

1:14:16

going to get away unscathed with

1:14:19

Owen, not only us a significant

1:14:21

amount of money, but now we've come to find

1:14:23

out all kinds of people

1:14:25

significant amounts of money. And

1:14:28

we've gotten some more clarity on not only

1:14:30

the people that he's been ripping off,

1:14:32

but also the way apparently that he's

1:14:35

been spending people's money. Well,

1:14:37

since the show came out, since the clip came out,

1:14:39

we've heard from a lot of

1:14:41

podcasters or podcast creators, producers,

1:14:44

people who are in somewhat

1:14:46

of a similar boat to

1:14:48

us. Again, we were in a situation where he

1:14:50

owes us a bunch of money, but we're

1:14:53

free and clear. I don't know if we'll

1:14:55

ever recoup any of it, but he doesn't own anything. We're

1:14:57

good to go, do whatever we want. Not everyone's in that

1:15:00

position. And also, sadly,

1:15:03

there are people who are in a

1:15:05

position where the money

1:15:07

their podcast makes is

1:15:10

literally the money that they use to feed their family.

1:15:13

And it's the money they use to take

1:15:15

care of sick relatives. And

1:15:18

you feel awful when you start hearing from this and we're

1:15:21

all in the same boat. And

1:15:23

there's a lot of big shows who have not spoken out

1:15:25

yet. Hopefully they do. But

1:15:28

we've kind of started something and as I said,

1:15:30

we've heard from other shows. There

1:15:32

was a report in Pod News, which is the industry's

1:15:35

leading daily free newsletter that everyone in the

1:15:37

business gets in their email. Check it out.

1:15:39

There's a free plug for you. And by

1:15:41

the way, they read it also on their

1:15:44

YouTube channel and that British

1:15:46

announcer has such a wonderful... Every time

1:15:48

he said our names, we sounded nicer.

1:15:51

Well, you and these accents, I

1:15:53

believe it's from Australia. Well, where

1:15:55

was somewhere in that neck of the woods?

1:15:57

Well, he did an article talking about... the

1:16:00

segment we did on the show. And again,

1:16:02

that segment was legally clear, backed up

1:16:04

by documentation. And

1:16:06

he mentioned in this article, he's also heard, there's

1:16:10

been rumors going around about other things

1:16:12

happening with cast but no one's been

1:16:14

willing to speak out. Everyone's either afraid

1:16:16

or still hoping against hope that they're

1:16:19

going to get a little bit of their money back. And

1:16:22

this is the most interesting

1:16:24

thing in this article. He

1:16:27

reached out to Colin Thompson, who

1:16:29

according to what we're hearing from people, because

1:16:31

the only social media he apparently is active

1:16:34

on is his Instagram, which is now private.

1:16:37

And I probably have a good

1:16:39

idea why. He's been living it up and having

1:16:41

a good time with his wife in Las Vegas. Also,

1:16:44

we understand maybe taking some international

1:16:46

vacations jetting around the world. We've

1:16:48

heard from people who say Colin's

1:16:50

been doing these vacations with

1:16:52

his wife and a lot of people don't think highly of

1:16:54

her. They say she's never worked a day in her life.

1:16:58

Some people use wife in quotes, which is interesting.

1:17:01

And the other thing we

1:17:03

started hearing from people about is that apparently

1:17:05

he's been bragging about a $2 million custom

1:17:07

home, not a home he's purchasing, but

1:17:11

apparently, allegedly, a custom

1:17:13

built $2 million home.

1:17:15

I hope he at

1:17:17

least names a urinal after me in there, because

1:17:19

some of that money... Well, but maybe

1:17:22

actually, there may

1:17:25

be a transition of the deed now that

1:17:27

we know that unless he's conned the real

1:17:29

estate people also, we don't know if

1:17:31

he actually owns it. He may be living

1:17:34

in it. But if that's an asset that

1:17:36

can be attached in litigation... Well, he's

1:17:39

expecting that. So he's hoping to rely

1:17:41

on the homestead protections from California. So

1:17:44

we're going to have to see what we can do about that.

1:17:46

But anyway, he was reached out to by

1:17:48

the editor of Pod News,

1:17:50

and here's what it says in this report,

1:17:53

Colin Thompson, the CEO

1:17:55

of Cast Media, emailed

1:17:57

us a link to a guide...

1:18:00

on U.S. libel law. He

1:18:03

later denied that this email was meant as

1:18:05

a threat, telling us, "...was

1:18:08

curious myself. I didn't

1:18:10

know. Looked it up." So

1:18:14

he's now trying to threaten the journalist,

1:18:16

this fucking sociopath weirdo. Hey!

1:18:20

Now, don't you go around

1:18:22

giving sociopathic weirdos bad names

1:18:24

by comparing them to

1:18:26

Colin the Weasel. The Weasel, he's

1:18:28

not Paulie Shore now, he's Colin

1:18:30

Thompson. So basically, now

1:18:33

we have found out that there

1:18:35

are people that have been doing programs

1:18:37

that he owes more money to than he

1:18:39

does us. We've also found

1:18:41

out that there are other people that

1:18:44

he owes less money than he

1:18:46

owes us. But these are people that are

1:18:48

using it to feed their families. As you

1:18:50

said, there's one person, as

1:18:53

you mentioned, that we've heard of so

1:18:55

far, could be more, with family

1:18:58

members with medical issues. And

1:19:02

they're either tied contractually, their podcast

1:19:05

has been partially owned, or they're

1:19:07

in some way not

1:19:10

only still trying to see if they can get

1:19:12

any of their money, but their programs are being

1:19:14

screwed up with this, all

1:19:17

because of this guy and the

1:19:19

fact that he collected this money

1:19:21

and then never gave it to where it was

1:19:23

supposed to go, he put it back in his losing business.

1:19:27

The other interesting thing as we are recording,

1:19:29

and I don't know where

1:19:31

this is coming from as of this point, I'll be honest,

1:19:33

we've heard from a lot of people but no one has said that

1:19:36

they're behind this, a press release went out,

1:19:38

yesterday, talent and

1:19:41

managers speak out against Cast Media's

1:19:43

acquisition by Live One, highlighting

1:19:45

unpaid dues and exploitative

1:19:48

forces. Frustrated

1:19:51

talent and their managers have

1:19:53

joined forces to shed

1:19:55

light on the controversial acquisition of

1:19:57

Cast Media by Live One. company

1:20:00

of Podcast One. This

1:20:02

collaboration aims to bring attention to the

1:20:05

ongoing issues surrounding unpaid talent

1:20:08

and exploitative practices within

1:20:11

cast media. Colin

1:20:13

Thompson, the CEO and owner

1:20:15

of cast media, has come under

1:20:17

scrutiny for his failure to compensate the majority

1:20:20

of talent with some

1:20:22

individuals reporting non-payment dating

1:20:24

back to 2021. The talent who have dedicated

1:20:28

their time and efforts to producing

1:20:31

quality content have been

1:20:33

left without the compensation they rightfully

1:20:35

deserve. Jim Cornette

1:20:37

spoke about his experience on a

1:20:40

recent podcast, Colin Thompson

1:20:42

owes over five million dollars to

1:20:44

talent. Now that's the first time

1:20:46

we had heard that. In

1:20:50

addition to the non-payment allegations, cast

1:20:52

media faces multiple lawsuits filed

1:20:54

by talent managers and former

1:20:57

employees. These legal

1:20:59

actions highlight further concerns such

1:21:02

as the denial of overtime pay

1:21:05

and the denial of basic employment benefits

1:21:08

like lunch breaks. It

1:21:12

is deeply troubling to witness an

1:21:14

environment where employees rights and well-being

1:21:16

are disregarded and again just like

1:21:18

I said before that's the first time we had heard that.

1:21:22

He doesn't want to have lunch breaks. He's

1:21:25

cracking the whip over there. I'm

1:21:28

sure he's not paying them well so they don't get

1:21:30

paid well and they don't get lunch breaks. Sounds like

1:21:32

a great boss. I continue.

1:21:35

Live One, the company

1:21:37

acquiring bypass

1:21:39

media, whoever wrote this wrote this wrong,

1:21:41

the company acquiring cast media has

1:21:44

contributed to the distressing situation

1:21:47

by offering unfavorable contract terms to

1:21:49

talent. With a

1:21:51

revenue split of 60-40,

1:21:54

talent finds themselves on the

1:21:56

receiving end of an unfair

1:21:58

deal. compared to

1:22:00

other industry standards. Furthermore,

1:22:03

the lack of production support

1:22:06

provided by LiveOne adds

1:22:08

to the service faced by talent,

1:22:11

putting them at a significant disadvantage within

1:22:13

the industry. We rejected

1:22:16

any conversation with them. We never even

1:22:18

got to that point. Yeah. We never

1:22:20

even got an offer to begin with

1:22:22

because we held up the finger before

1:22:24

that, but now they're trying to 60-40.

1:22:30

If anyone in podcasting has a 60-40 deal,

1:22:32

get out of it. Sue,

1:22:35

do whatever you got to do. You're getting

1:22:37

screwed. The compensation

1:22:40

practices exhibited by Cast Media

1:22:42

and LiveOne are far

1:22:44

from satisfactory. Rather

1:22:46

than fulfilling their financial obligations

1:22:48

to talent, the

1:22:51

companies offer only a minimal upfront

1:22:53

payment accompanied by an equal

1:22:55

amount dispersed over a two-year period. The

1:22:58

remaining owed compensation is

1:23:01

unjustly issued in the

1:23:03

form of stock options in a newly formed

1:23:05

company involving Colin

1:23:07

Thompson and LiveOne.

1:23:10

That's the offer that we got that we

1:23:12

saw. Are you out of your fucking mind?

1:23:14

Once again, stock options in

1:23:17

a newly formed company involving

1:23:19

Colin Thompson and LiveOne. Maybe.

1:23:23

This approach not only

1:23:25

disregards talent's rightful earnings,

1:23:29

but also leaves them feeling coerced and

1:23:32

undervalued. One

1:23:34

anonymous talent shared their experience, and by the

1:23:36

way, for the record, this is not Jim

1:23:38

or I, stating, it's

1:23:41

been frustrating as we see

1:23:43

Colin not paying anyone. And at

1:23:45

the same time, he is posting photos

1:23:47

on social media about his

1:23:50

custom multimillion dollar home he's built

1:23:52

in Calabasas or

1:23:54

lavish vacations in other countries. Wasn't

1:23:57

there a famous leaping frog from

1:23:59

there? No, you think

1:24:01

of the Kardashians. It seems like

1:24:03

he's been embezzling the ad revenue owed to

1:24:06

us for personal gain

1:24:08

and has no intent to really

1:24:10

pay us what is owed. The

1:24:14

talent and their managers and the gardeners you

1:24:16

hear behind me are

1:24:18

united in their stance against

1:24:20

these exploitative practices. They

1:24:23

demand transparency, fair

1:24:25

treatment, and proper compensation

1:24:27

for their hard work and dedication. It

1:24:31

is essential for Cast

1:24:33

Media and Live One to acknowledge the

1:24:35

severity of the situation and

1:24:38

take immediate action to

1:24:41

rectify the injustices inflicted

1:24:43

upon talent. That

1:24:46

is a press release. It went out yesterday.

1:24:48

We don't know where it came from. So

1:24:51

if you are behind that,

1:24:53

reach out cornydrivethroughagmail.com or brianatarcadianvanguard.com.

1:24:56

And see, here's the thing is that as we

1:24:59

mentioned, we got off apparently

1:25:01

pretty easy compared to a lot

1:25:03

of other people because we didn't

1:25:06

specifically, because you smelled something of

1:25:08

this nature, we weren't under written

1:25:10

contract. We were on

1:25:13

an agreement where without a 60-40 split,

1:25:15

we'd never agreed to that. Oh my

1:25:17

God, no. Couldn't you imagine? Say it's

1:25:19

40. Yeah, but this

1:25:21

weasel had no ownership in our program

1:25:23

and we were able to extricate ourselves

1:25:26

fairly quickly over the fucking 4th of

1:25:28

July weekend and get everything where

1:25:30

it's supposed to be. But

1:25:32

a lot of people are not coming out

1:25:34

by name yet because they're still in the

1:25:36

middle of contracts and or issues where they

1:25:38

need the money and they

1:25:41

want to say fuck you, but they need

1:25:43

to see if they're going to get something or

1:25:46

whatever the case. But we're also... Yeah. We've

1:25:48

heard they're starting... They're still dangling the settlement offers to people. Yeah.

1:25:52

From what we hear. They're also starting to come

1:25:55

up now that we've broken the log jam a

1:25:57

little bit because these

1:25:59

are not wrestling. podcasters folks. Also,

1:26:01

these are people doing podcasts

1:26:03

in other lines of entertainment

1:26:06

or hobbies or endeavors

1:26:08

or whatever that might be

1:26:10

doing this again, as Brian has said, for their...

1:26:13

they put work into it to try to make

1:26:15

this go and this is their employment. And

1:26:18

this guy is fucking flittering

1:26:21

about with his beard, I

1:26:23

mean his wife, and squandering

1:26:26

their money that they expected to

1:26:28

feed their kids. And

1:26:32

unfortunately, he happened to be dealing with the

1:26:34

wrestling folks where it's not really a big

1:26:36

deal to us if somebody says, I'll

1:26:39

have my attorney call you and sue

1:26:41

you and do this and well, good,

1:26:43

good. Join the fucking club. We've been

1:26:45

hearing that for 40 fucking years, motherfucker.

1:26:47

And it's actually legitimately happened before for

1:26:50

people that I beat over the fucking

1:26:52

head with a blunt instrument. And

1:26:55

I'm still here. Do you think

1:26:57

you're gonna sue me for running my

1:26:59

fucking... Yeah, fuck you. And I

1:27:02

come from the music industry and I'm a

1:27:05

fan of punk rock. I know how to

1:27:07

fucking protect my content from fucking weasels trying

1:27:09

to hone in on it. Oh,

1:27:11

I thought you were gonna say it. I know how

1:27:13

to kick you down the street in the Bowery when

1:27:15

you went to the punk rock thing. I thought you

1:27:17

were gonna physically intimidate him when you were in a

1:27:19

fucking leather jacket in a fucking... No, well, no. I

1:27:21

never... Oh, I never... Goddamn spikes in a... I was

1:27:23

never the... You'd come after... Dressing up like it. I

1:27:25

dressed the way I did and I would walk down

1:27:27

the Bowery at a Bowery ballroom or wherever and have

1:27:29

a good time. No one really fucked with me. But

1:27:33

you weren't dressed wearing the whole gimmick. No,

1:27:35

I was dressed... You were undercover. Probably in a

1:27:38

polo shirt. No, I wasn't dressed undercover. I was

1:27:40

dressed like myself. Well, you went...

1:27:42

You gotta be... If you're wearing a polo shirt

1:27:44

to a fucking punk rock club, you gotta be

1:27:46

undercover something. I have been to more punk rock

1:27:48

clubs than you could even... You've never been to

1:27:50

one. Have you ever been to one? No, I've

1:27:53

never been to them. No. Well, wait a minute.

1:27:55

Did they do them at Shotgun Saturday night that

1:27:57

was ready of those punk rock clubs? No. All

1:27:59

right. Well, Well then I'm not bending. But

1:28:02

let's get back to the Weasel Club of

1:28:04

which the sole member is Colin Thompson. That's

1:28:06

right. So basically we're going to

1:28:08

keep everybody up to date on it but we

1:28:10

have apparently broken a

1:28:13

little news by actually coming out and

1:28:16

saying his fucking guy's name and company and what

1:28:18

he did and what he's trying to pull and

1:28:20

that is now encouraging other folks

1:28:23

to. We've had a couple people say, hey,

1:28:25

we'll join your lawsuit and

1:28:27

we're taking that information down and for future use.

1:28:29

Again, if you're a content creator out there, even

1:28:31

some of the wrestling content creators, even some of

1:28:33

the people who don't like us, there's no reason

1:28:35

to have people that have nothing to do with

1:28:37

the creative energy of your show, have nothing to

1:28:39

do with the production of your show. There's

1:28:42

no reason for any of these people to

1:28:44

have any piece of your content. You're the

1:28:46

artist, you're creating the shit. These people should

1:28:48

just do their job and find ways to

1:28:50

help you and supplement what you're doing

1:28:53

and compliment what you're doing I guess I should say. But

1:28:56

there's a lot of weasels out there who

1:28:58

try to take advantage of people that don't

1:29:01

know what to look for. Well,

1:29:03

what we're also finding

1:29:05

out allegedly, the

1:29:07

alleged weasel, he was

1:29:09

trying to- He's a weasel. I've dealt with him.

1:29:11

He's a weasel. Okay, but I'm just

1:29:13

saying for the purposes of the courtroom transmission,

1:29:18

he was padding the numbers that

1:29:21

he was padding his company with our numbers, he

1:29:23

was trying to keep us happy so

1:29:25

that he could claim our numbers even though

1:29:27

he had no ownership or any other involvement

1:29:31

in our show. It was just

1:29:33

an advertising deal between they and us. But

1:29:37

that way he got credit for our

1:29:40

numbers in this scheme that he was

1:29:42

trying to pull off

1:29:44

to build this thing up on

1:29:46

paper and obviously not government issued

1:29:48

paper but on paper and sell it

1:29:50

to Podcast One or Live One or

1:29:53

whoever the one is. We ate the

1:29:55

ones. Now, how long was Live

1:29:57

One talking to Colin? How much of this was

1:29:59

a strategy? that was developed as a way to

1:30:02

coerce talent, strong arm talent into these

1:30:04

bad deals. We thought it was a

1:30:06

bad deal just based off the

1:30:09

compensation repayment. We

1:30:11

didn't even know about 60-40. Could

1:30:13

you imagine if we had said, oh, you know

1:30:15

what? We really need to recoup some of this money.

1:30:17

I'm just so happy that we'll get some of this

1:30:19

money that we worked for. Let's

1:30:21

have a talk with podcast one. Maybe they're good guys.

1:30:23

And then they said it'll be 60-40? That

1:30:28

would have been like trying to renegotiate the Midnight

1:30:30

Express's contracts with Jim Hurd in 1989. Really

1:30:34

sad. It's sad how many people

1:30:36

this is affected. Again, reach out

1:30:38

to [email protected] or brian at arcadianvanguard.com.

1:30:41

Or Colin Thompson on

1:30:43

Twitter. Oh yeah, he hasn't shut that down

1:30:45

yet. I believe it's Colin P. Thompson. No

1:30:47

P in the Thompson, but I think P

1:30:50

is his middle name or middle initial. We

1:30:52

took the P out of him earlier, but I

1:30:55

might have to put some back in. Look for Colin

1:30:57

Thompson on Twitter and look for the one with the

1:31:00

goofy hairdo. Those are Kip

1:31:02

Sabian's weak brother. And that's the one.

1:31:05

Where are we going with all of this? I don't

1:31:07

even know where we've been. Oh, I know where

1:31:09

we're going. We're going to court. We

1:31:12

have found out a bunch more

1:31:15

information about our favorite

1:31:17

weasel that owes everybody money, Colin

1:31:19

Thompson of Cast Media. K-A-S-T

1:31:22

for those of you looking it up. We've

1:31:25

told the story of how he ripped us off

1:31:27

on advertising about how he's ripped off tons

1:31:30

of people we've spoken to over

1:31:33

the last week or two. And we've

1:31:35

also heard news reports of

1:31:38

other indiscretions of his.

1:31:40

And now we find out that

1:31:43

his own employees were the ones who

1:31:45

thought of suing him before we even

1:31:47

did. How do you even write

1:31:49

this shit? It has been

1:31:51

a crazy week. I have

1:31:53

had so much of my day every day filled

1:31:56

up with phone calls and conversations with people. We

1:31:59

said we weren't alone. in this, we're not alone in this. And

1:32:03

there's a lot of people who owed a lot of money. There's

1:32:05

a lot of people who didn't realize the severity

1:32:08

of it because of how many people were involved.

1:32:11

And this may end up being a

1:32:14

lot bigger than people thought it was going to be. We

1:32:16

spoke to numerous people this week, and

1:32:18

I spoke to you earlier in the week, and I told

1:32:21

you after I had spoken to three other creators,

1:32:25

so three other people who had programming that

1:32:27

was through Cast Media, along

1:32:29

with us, and between

1:32:31

our four parties, Cast

1:32:33

Media owed a million dollars. And

1:32:36

that was just us four. That's not even

1:32:38

counting any of the gigantic shows.

1:32:41

I mean, Logan Paul has been associated with Cast,

1:32:44

at least in the past he was. Lots

1:32:46

of other shows. Lots of other shows. Sarah

1:32:49

Silverman. Sarah Silverman. Lots of other

1:32:51

shows. Lots of other names. We don't want to make

1:32:53

any assumptions, but just from us four, it's a million dollars.

1:32:56

So this may end up being quite significant.

1:32:59

Here's another thing. We haven't heard from anybody

1:33:01

that's not mad at him. That

1:33:04

he has paid all

1:33:06

of their money, and they are happy with

1:33:08

their business dealings. We have heard nothing from

1:33:10

any of those people. We solicit you if

1:33:12

you exist. Come try

1:33:15

to defend the weasel, but we're not hearing it so

1:33:17

far. No, it's people that

1:33:19

are looking at different ways of

1:33:21

getting restitution, but also at this

1:33:24

point making sure this can't continue. I'm

1:33:27

going to read in a little bit the original

1:33:29

press release that Podcast One and Cast Media put

1:33:31

out about their sale of

1:33:33

certain assets. But as

1:33:35

that press release we read on the drive-thru,

1:33:37

so perfectly put, and we don't even know

1:33:39

who did it. Again, if you did that, please reach out to us.

1:33:41

I'd love to know who put that out. We're

1:33:44

all being, and again, we're out,

1:33:46

but we were all being told

1:33:49

that the money that

1:33:51

you earned is not coming to you. The

1:33:54

only chance you have of recouping any of

1:33:56

it is by signing

1:33:58

a deal with Podcast One at

1:34:00

which point you'll get some of your money

1:34:02

and then the rest of it, including

1:34:05

stock, will be over

1:34:07

two years. Stock at

1:34:09

a company that technically doesn't exist yet.

1:34:11

It's pre-IPO. The company has not

1:34:13

been spun off. There is no stock yet. And

1:34:16

that company that you're being

1:34:18

told you will have stock in, which would be

1:34:20

the company that would represent the hosting of your

1:34:22

show, will have Colin

1:34:25

Thompson involved with it. Yes.

1:34:27

It's insane. You're

1:34:30

invited to work with the person

1:34:32

that has screwed you out of

1:34:34

money and derailed, in some cases,

1:34:36

your podcast. You

1:34:39

are contractually obligated to, in some

1:34:41

cases, thankfully not us. But these

1:34:43

people are. And

1:34:45

they can't get out of it because they can't even

1:34:47

find this guy because he won't talk to anybody now.

1:34:49

No, no. That's not true. He'll

1:34:52

talk to certain people. And we've been hearing a lot

1:34:54

of things. I want to be careful what we say here. But

1:34:57

not everyone can't find him. So I don't think we should

1:34:59

say that because that's not accurate. Oh,

1:35:01

some people can find him. Just

1:35:04

not the people that really want to. We

1:35:07

have not heard anything and other parties who are

1:35:09

waiting to hear something about settlements. We

1:35:12

didn't expect it. Again, the lawyer said we're going to get it within

1:35:14

two weeks, a month and a half ago, and we

1:35:16

haven't had anything. But we haven't

1:35:18

heard anything. Other people who are still waiting on it

1:35:20

haven't heard anything. There are people who

1:35:22

are trying to figure out a way to get

1:35:25

into arbitration because some of the

1:35:27

cast contracts for anyone who's still under a

1:35:29

cast contract, typically they, if

1:35:32

not exclusively, had a clause

1:35:34

saying that any dispute would go to arbitration. There

1:35:36

are people trying to force it. There

1:35:39

are people who just want to sue Colin. And

1:35:41

at this point, the biggest contingent, the growing contingent,

1:35:44

are people who are about to press charges and

1:35:48

about to talk to the Attorney General and

1:35:50

about to talk to as many district attorneys

1:35:52

as we can because this is insane. This

1:35:55

is insane. And again, the involvement

1:35:58

of Live One for... No

1:36:01

good reason in any of this is

1:36:04

puzzling and seems to

1:36:06

be becoming a bigger and bigger story. And

1:36:08

why they're not running away from this

1:36:11

guy. The more they hear about the

1:36:13

more people he owes money, the more

1:36:15

people he has misrepresented things to, the

1:36:17

more people that he has led down

1:36:19

the Primrose path, they will not separate

1:36:21

themselves from this guy or this

1:36:23

deal with his more abundant

1:36:26

organization. And one

1:36:28

has to question why that would be the case.

1:36:32

Are they trying to take him under their wing

1:36:34

and rehabilitate him from a life of crime? You

1:36:36

know, there are a lot of people scared. We

1:36:39

spoke out and we heard from a ton of people

1:36:41

thanking us and a ton of people with almost the

1:36:43

exact same story. We have

1:36:45

not heard from anyone who is ready to speak out publicly yet.

1:36:48

We heard from people who are trying to

1:36:50

take care of relatives

1:36:53

with medical issues with the money that

1:36:55

they are owed from this guy because

1:36:57

they had put work into their programs

1:36:59

to where they could have that income and

1:37:02

take care of these people. And

1:37:04

now they're sitting around with their dicks in their hands

1:37:06

because of this guy at his $2 million house in

1:37:09

California and his vacations flying

1:37:11

around the world. And

1:37:13

the reason why, by the way, besides the fact that we

1:37:15

just like to talk about people that

1:37:17

we're not happy with, the

1:37:19

reason why we keep bringing this up is

1:37:21

because what you said, a lot of people

1:37:24

are still contractually

1:37:26

obligated and or just

1:37:28

scared to talk and

1:37:30

we can and it's already

1:37:32

made podcasting industry news,

1:37:35

not related to wrestling podcasting,

1:37:37

but podcasting in general. And

1:37:40

it's probably going to make some bigger

1:37:42

news when we all eventually discover why

1:37:44

the live one slash podcast one is

1:37:46

so enamored to this guy in this

1:37:49

deal that they're

1:37:51

putting themselves in the middle of all of this. We

1:37:54

still got to find that out and that's going

1:37:56

to make sense. So we're just trying to get ahead of all

1:37:58

the news that's going to be made. when this

1:38:00

becomes a big thing that this

1:38:03

shyster has created for himself in regular

1:38:05

mainstream news is what we're doing. There

1:38:08

are two big things here. One is what

1:38:11

did Colin do with all the money and how much

1:38:13

was there? At this point I don't based

1:38:16

on everyone I've talked to I haven't talked to anyone not

1:38:18

owed money and not owed a

1:38:20

lot of money. So how long

1:38:22

was this going on? The other thing too is typically

1:38:25

when people steal millions of dollars they

1:38:28

don't do it alone. Typically there's

1:38:30

someone involved, typically there's someone helping,

1:38:33

typically there's someone advising. We

1:38:35

will find out who that is. So

1:38:37

I think the Colin end of it

1:38:40

and the misappropriation of all of these

1:38:42

shows money is a big deal that will

1:38:44

probably become a criminal deal. And

1:38:46

I think the second question is why that

1:38:49

held in a publicly traded company? I think

1:38:51

it was a good idea to get involved with this guy and

1:38:54

then continue to stay with this guy when

1:38:57

Jesus Christ is it apparent that there's

1:38:59

a major problem here and

1:39:02

they try to intimidate anyone from saying anything.

1:39:04

You can't say anything. We expect you to

1:39:07

hold confidentiality about all of this stuff. Oh

1:39:09

remember the guy in the head of what's

1:39:12

his name? Oh Rob? Rob Ellis?

1:39:14

When he emailed me not even knowing

1:39:16

who the fuck I was and apparently

1:39:18

he found out but said

1:39:21

well and the SEC doesn't take

1:39:23

kindly to threats while the Southeastern

1:39:25

Conference is gonna come down on these some

1:39:27

bitches one way or the other. He said

1:39:29

the SEC doesn't take kindly to these threats.

1:39:31

The threat was we're gonna call the SEC

1:39:35

and tell them what

1:39:37

you're doing. Yeah. We have factual evidence

1:39:40

to back up in your own emails.

1:39:42

That was the threat. We're gonna call

1:39:44

the SEC about all

1:39:46

this. Let's take a step back. I

1:39:48

know you want to talk about this class action

1:39:50

lawsuit that we've now become privy to and this

1:39:52

is getting crazier and crazier. Let's go to the

1:39:54

original press release about this purchase.

1:39:58

May 23rd, 2023. 845

1:40:01

Eastern Time. This was put out,

1:40:03

the source is Live One Incorporated.

1:40:05

This is, I think approximately I got

1:40:07

to check the emails two weeks after I heard from

1:40:09

Colin, Colin Thompson of Cast Media who owes us

1:40:12

a lot of money. Two weeks

1:40:14

after I heard from him that this was

1:40:16

what he was doing. He was selling his company and

1:40:19

that because of the sale, he'll then have

1:40:21

money to pay us back

1:40:23

all that we're owed and

1:40:25

then we can figure out things from there. But we'll

1:40:28

be whole at that point. Here's

1:40:30

the press release. Live

1:40:32

One to acquire certain assets of

1:40:35

Cast Media. And there's

1:40:37

some bullet points here. Proposed deal

1:40:39

expected to add $10 million

1:40:42

plus in annual revenues.

1:40:45

Acquisition would bring in-house IP

1:40:47

development and ownership to Live

1:40:49

One and its subsidiaries

1:40:52

and is expected to include more than 25 weekly podcasts

1:40:55

and 33 million monthly

1:40:58

downloads. Assets

1:41:00

expected to include top

1:41:02

Cast Media shows, some

1:41:04

more news, Brandon Schalb's Fighter

1:41:06

and the Kid, The Opportunist,

1:41:09

Lost in Panama, Vigilante,

1:41:12

and Was it Real? And

1:41:15

top tier host talent, Ellen

1:41:17

Marsh, Rabia Chaudhry.

1:41:19

I don't know who these people are.

1:41:21

I'm sorry for my name. I don't mean

1:41:23

to be disrespectful but I've never heard any

1:41:25

of this shit. Whitney Cummings, P-Body

1:41:29

Award recipient Mariana Atencio, you

1:41:31

may remember her from MSNBC, and

1:41:34

Audrina Partridge. Live

1:41:37

One combined podcast network distribution would

1:41:39

rise to over 340 episodes

1:41:44

weekly and nearly 750

1:41:46

million verified downloads annually.

1:41:49

Once again, they're putting up this press release for

1:41:51

the market. They have to. owner's

1:42:00

own words and admission unless

1:42:02

this deal goes through. By

1:42:05

the way, the owner's attorney wrote that to

1:42:07

us, so we have that in writing. It's

1:42:09

basically, take this bad deal with

1:42:11

Podcast One, or he's

1:42:14

going bankrupt and you get nothing. That's

1:42:17

the threat. They're awful happy about acquiring

1:42:19

a company that's losing money hand over

1:42:21

fist, leaking like a fucking sieve, aren't

1:42:23

they? How does that work?

1:42:26

Because they're not losing money. Plus, media should

1:42:28

be profitable. We just don't

1:42:30

know where all the money went. That

1:42:32

business, the business of selling advertising for podcasts,

1:42:34

if you take yourself away from the production

1:42:36

end of it, which they haven't, which

1:42:38

is part of the reason why it's a badly run company, that

1:42:41

end of it should be a very

1:42:43

lucrative business. I mean, I say that

1:42:45

knowing numbers. It should be a very lucrative business. If

1:42:49

a doctor's office is busy and

1:42:51

they're billing nonstop and getting paid nonstop and