nothing of course. Just someone made a comment that there was no political comments in my post. so I rectified that.

>I'm still not clear what Visconti's political party affiliation has to do with any of it?
>
>
>>This story has some interesting turns. Here's an email someone has posted in yahoo groups and sent to the LA Times (by the way, visconti is a repub, googling his name shows several contributions to the republican party):
>>
>>From: Friend of Axium [mailto:real.axium.story@...]
>>Sent: Thursday, January 10, 2008 8:43 PM
>>Subject: The Real Axium Story (Embezzlement to follow)
>>
>>To all Axium employees,
>>
>>The story that has been provided to you by Chris Toto and the popular
>>media does not accurately describe Axium's descent into bankruptcy.
>>This process did not occur overnight and was not a surprise to senior
>>management. As a former Axium insider, I know many of you personally
>>and felt an obligation to provide you with the real Axium story.
>>
>>The following timeline outlines the critical events which attributed
>>to Axium's current Chapter 7 filing and more importantly the loss of
>>all of your jobs:
>>
>>Sad Fact: Axium Entertainment had its biggest and most profitable
>>year in 2007 grossing between $1.5 and $1.8 billion dollars thanks to
>>your efforts.
>>
>>1) July - August 2007: Axium pays I.R.S. $31 million to resolve
>>intentional underpayment of taxes for 2004. The underpayment was a
>>strategy developed by the tax and finance department that failed. The
>>I.R.S. uncovered a $31 million dollar discrepancy between the W2/W2C
>>and the 940/941 for 2004. At this point Axium senior management was
>>notified that Axium would be investigated for the same issues for tax
>>years 2003, 2005, 2006 and 2007.
>>
>>2) September 2007: Axium's attorneys estimate that Axium will owe
>>the I.R.S. between $70 million and $100 million for years 2003, 2005,
>>2006 and 2007. Golden Tree Asset Management (GTAM), Axium's financial
>>partner, became aware of the issue.
>>
>>3) October 2007: GTAM appoints Gina Gutzweit, S.R.O., to operate
>>Axium, relieving John Visconti of any day-to-day decision making
>>power. Gina commences layoffs at Axium Entertainment and ECG.
>>
>>4) November 2007: GTAM puts Axium Entertainment and ECG up for sale.
>>With the assumption that ECG would sell for $100 million to $120
>>million and the profit from the sale of real estate would yield
>>another $20 million to $30 million which would cover the $135 million
>>to $140 million that Axium owed GTAM. Thus returning Axium
>>Entertainment back to John Visconti.
>>
>>5) Late December 2007: ECG restates EBITDA from $9 million to $4
>>million. Thus reducing the value of ECG from $100 million to $120
>>million to $20 million to $25 million. John Visconti hires his own
>>investment bank to represent him in his ongoing fight with GTAM.
>>
>>6) January 4, 2008: As per request by John Visconti's investment
>>bank, all final offers to purchase Axium had to be submitted by the
>>end of the business day. GTAM received 2 offers to purchase Axium
>>International (Axium Entertainment + ECG). These offers were made by
>>large equity funds. Each offer valued Axium Entertainment at $45
>>million and ECG at $25 million.
>>
>>7) January 7, 2008: After a weekend of no negotiations, GTAM decided
>>that it was impossible to negotiate with John Visconti and Axium's
>>senior management. GTAM decided to throw in the towel and instead
>>collected $22.5 million dollars from Axium's bank account which they
>>were entitled to as a secured creditor and will recommend that senior
>>management be criminally prosecuted by the Attorney Generals of
>>California and New York.
>>
>>>>>http://www.latimes.com/business/printedition/la-fi-axium10jan10,0,2226241.story?coll=la-headlines-pe-business
>>>>
>>>>That can't have been Perry. There was no mention of evil Republicans.
>>>
>>>That would be redundant! :)
>>>
>>>I can think of two honest and respectable republicans. Theodore Roosevelt, and Gerald Ford. Both were cousins of George Washington. But then so are Bush and Nixon! :)
>>>
>>>http://library.thinkquest.org/TQ0312172/cousins.html