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From January 1, 2001 to April 30, 2003, we paid Matzuda Corporation $5,000 a month as rental payments on the office space that we rented for our operations.

From January 1, 2001 to July 31, 2003, we paid Matzuda Corporation consulting fees in the amount of $37,500 per month in connection with film production consulting services it provided to us.




Interesting post on Luke's site about this:

Quote:

Smiling Arab, from the period of 1-1-01 to 4-30-03, JKP operated out of Friedland's house, so he was the beneficiary of the "rent".

As for the $37,500 per month for "film production consulting services", that's not bad for a man who has no prior experience with film (mainstream or adult) production! His only experience was with hiring porn-star escorts. Man, I'd love a job that pays me $450,000 per year for something I know nothing about!

If these two are not examples of why we in the industry refer to JKP as a fraud (if not legal fraud, then certainly it is ethical fraud), then I don't know what is. A warning to anyone owed money by JKP: do not, and I repeat DO NOT accept their worthless stock in lieu of monies owed. Insist they pay you back in US currency.

Look at Korestsky/Pleasure: how many years do you think it will take Class A JKP stock to be valued at 10.00 per share (the amount need to for Koretsky to cash out)? I am willing to bet it never happens.




If Insider is reading, thanks for your posts. Think about signing up here. Nobody but the Monkey can do anything to posts here in the Monkey Cage, and I've got pictures of him with Gen Padova, so we're cool.
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