That technique - usually involving investing intellectual property with a dummy corporation, and then "licensing" it back to yourself - can be challenged if you're prepared to spend some money (Wollersheim vs. Church of Scientology of California is usually cited. By the way, I'm a lawyer. Bet you're not surprised given my warm and bubbly personality.) But in the case of JKP, I have no idea about any of that.

My curiosity doesn't stretch far enough to bother (especially since Luke will just pinch this anyway, and why should I help him with more content?), but some of those investors have curious backgrounds for investors in a porn company. Google and Lexis, young Luke.

Some of those corporations seem to have no other business except investing in JKP. That'd be a way to conceal ownership, but I don't know how that would fit into a plan to strip assets. The fact that there's less than two dozen total investors and a number of them are either relations or friends of the CEO or have ludicrous corporate names that sound like they were made up in 3 seconds would be another reason to run like hell from this.

The reverse merger was a hell of a lot to go through for nothing (particularly since they seem to have inherited a couple of lawsuits from the previous owners - way to do due dilligence, Bob!) What would be the advantages of it? If you're a company coming off a $9 million debt and your best year seems to have been a profit in the low six figures, it's probably not to attract investment. Beyond that, dunno.