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Author Topic: An Experiment Against Getty  (Read 94892 times)

Couch_Potato

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Re: An Experiment Against Getty
« Reply #120 on: October 04, 2012, 05:39:29 AM »
Something that may be of interest.

I have some data on Getty UK's accounts filed in 2009 and 2010.

In 2009 they listed their trade debtors assets as £72,000.

In 2010 their accounts showed trade debtors as £69,185,000, a small increase of 95990%

Of course it may be something unrelated such as a change in policy that means charges aren't paid up front but it seems a drastic swing in just 12 months.

Just for the record. This information is freely available in their accounts which in the UK are open to the public.

Something else that may be of interest is this:

http://www.moodys.com/research/Moodys-downgrades-Gettys-CFR-to-B2-from-Ba3-assigns-B1--PR_256183

Probably couldn't afford to sue anyone even if it was their policy :p

Robert Krausankas (BuddhaPi)

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Re: An Experiment Against Getty
« Reply #121 on: October 04, 2012, 06:39:55 AM »
don't forget Getty Images recently purchased Picscout for a large sum...could this be part of these numbers below?

Something that may be of interest.

I have some data on Getty UK's accounts filed in 2009 and 2010.

In 2009 they listed their trade debtors assets as £72,000.

In 2010 their accounts showed trade debtors as £69,185,000, a small increase of 95990%

Of course it may be something unrelated such as a change in policy that means charges aren't paid up front but it seems a drastic swing in just 12 months.

Just for the record. This information is freely available in their accounts which in the UK are open to the public.

Something else that may be of interest is this:

http://www.moodys.com/research/Moodys-downgrades-Gettys-CFR-to-B2-from-Ba3-assigns-B1--PR_256183

Probably couldn't afford to sue anyone even if it was their policy :p
Most questions have already been addressed in the forums, get yourself educated before making decisions.

Any advice is strictly that, and anything I may state is based on my opinions, and observations.
Robert Krausankas

I have a few friends around here..

Couch_Potato

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Re: An Experiment Against Getty
« Reply #122 on: October 04, 2012, 07:36:39 AM »
Getty's purchase of Picscout was 2011 and was for a reported $20 million.

Trade Debtors are amounts owed by customers who have purchased something which wouldn't relate to picscout.

As I said, it could be a restructure of the way they released images, but to be owed that much at year end is strange. Doubt we'll ever know for sure though.

Robert Krausankas (BuddhaPi)

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Re: An Experiment Against Getty
« Reply #123 on: October 04, 2012, 08:18:33 AM »
Thanks for the clarification!  Perhaps that amount reflects the number of extortion letters that are being ignored!  ;D

Getty's purchase of Picscout was 2011 and was for a reported $20 million.

Trade Debtors are amounts owed by customers who have purchased something which wouldn't relate to picscout.

As I said, it could be a restructure of the way they released images, but to be owed that much at year end is strange. Doubt we'll ever know for sure though.
Most questions have already been addressed in the forums, get yourself educated before making decisions.

Any advice is strictly that, and anything I may state is based on my opinions, and observations.
Robert Krausankas

I have a few friends around here..

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #124 on: October 04, 2012, 08:19:54 AM »
I appreciate the information couch patato, I breifly scanned it and it looks interesting.  I will read it in detail when I get home this evening.  Thanks again! :)
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

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Couch_Potato

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Re: An Experiment Against Getty
« Reply #125 on: October 04, 2012, 08:33:24 AM »
If you want more information let me know and I'll message where you can get it.

It's not really a secret and as I said, this information is freely available but I'd rather Getty didn't know where I sourced it.

Couch_Potato

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Re: An Experiment Against Getty
« Reply #126 on: October 04, 2012, 08:39:07 AM »
Thanks for the clarification!  Perhaps that amount reflects the number of extortion letters that are being ignored!  ;D

Getty's purchase of Picscout was 2011 and was for a reported $20 million.

Trade Debtors are amounts owed by customers who have purchased something which wouldn't relate to picscout.

As I said, it could be a restructure of the way they released images, but to be owed that much at year end is strange. Doubt we'll ever know for sure though.

I think the interest is if these figures do indeed relate to any extortion letters then these would indeed by treated as a debt, which makes any of the companies chasing on behalf of Getty liars when they say it isn't a debt.

Of course this is speculation, and the figures could be related to something else, but perhaps a letter recipient in the UK could fairly ask the question about how Getty views the amount being requested and as the letter also provides an invoice, whether this is listed on their accounts as a debt.

stinger

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Re: An Experiment Against Getty
« Reply #127 on: October 04, 2012, 11:16:04 AM »
Greg:  My fear is that all this work you have done to prepare for the "War to end all wars" with Getty will be for naught, because they probably don't have the stones to push you any further.

What I hope is, if they push hard on anyone here on this forum, that you might take what you have learned to guide that person in taking the fight to Getty.

This war isn't over when one of us win.  It is over when the trolls start trolling and get back to the business they are supposed to be in, rather than using the law as a business plan to go after the small fish.

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #128 on: October 04, 2012, 08:10:19 PM »
Yes, please do. You can send it to me through the ELI message system or email me directly at gregtroy@yeahwedothat.biz. Thanks!

If you want more information let me know and I'll message where you can get it.

It's not really a secret and as I said, this information is freely available but I'd rather Getty didn't know where I sourced it.
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

--Greg Troy

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #129 on: October 04, 2012, 08:29:29 PM »
Stinger, you can rest assured that I am not going anywhere in that I plan to be here fighting and assisting others as long as ELI is needed. This is also the reason why I have been so open with my experiment so that others may join in the fight and can view and use my letters as a template for theirs.

Just because I have now placed the ball back in Getty's court does not mean I am here sitting on my hands. While I feel that my current packet is greatly improved over the information I had included with my previous complaint letters I am still continuously reading and researching through the net, court cases and rulings for items that are relevant and bolster ELI's side as well as things that will show a long history of questionable business practices by this company.

As a matter fact just last night I found a very interesting article from back in 2007 when Getty was a public company where to shareholders filed lawsuits against Jonathan Klein as well as other top Getty executives were accused of backdating stock options so that they could rake in huge personal profits. I would like to preface this by saying I have not had a chance as of yet to read the suits or find out what their outcomes were so I do not know as of yet but one of the stockholders bringing the suit says that 21 out of 25 of the discretionary grants just happened to coincide with his story close in the stock price making the redemption of the stock options extremely profitable for the executives. A link to the article may be found here:

http://seattletimes.com/html/businesstechnology/2003610937_getty10.html

So again rest assured that I am not going anywhere and I will be here and continue to help everyone I can.

<----Edit---->

I just got done going over the information in the article above and found that to stockholder lawsuits were result. I have uploaded the complaints from PACER to my Scribd account and will make them available here. From what I can see the parties agreed to settle in Getty paid the plaintiffs legal fees which in one case was $900,000 but it appears that the settlement was caused by the merger of Getty resulting in Getty no longer being a publicly held company. It looks as if at least in the Edwards case that he was trying to say that Getty was doing this to kill the cases. I have scanned the complaints and the order and found them very interesting and wanted to share them with the rest of you.

This is the kind of information whether it be recent or old I am looking for an if anyone has more information, articles, court cases or rulings about Getty or a relevant to the Getty/troll issues please share them.

Edmonds v Getty complaint:
http://www.scribd.com/doc/109044444/Edmonds-v-Getty-Shareholder-Complaint

Edmonds v Getty stipulation:
http://www.scribd.com/doc/109044445/Edmonds-v-Getty-Stipulation

Edmonds v Getty order:
http://www.scribd.com/doc/109044443/Edmonds-v-Getty-Order

Lopez v Getty lawsuit:
http://www.scribd.com/doc/109044451/Lopez-v-Getty-Stockholder-Lawsuit

Greg:  My fear is that all this work you have done to prepare for the "War to end all wars" with Getty will be for naught, because they probably don't have the stones to push you any further.

What I hope is, if they push hard on anyone here on this forum, that you might take what you have learned to guide that person in taking the fight to Getty.

This war isn't over when one of us win.  It is over when the trolls start trolling and get back to the business they are supposed to be in, rather than using the law as a business plan to go after the small fish.
« Last Edit: October 04, 2012, 09:17:02 PM by Greg Troy (KeepFighting) »
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

--Greg Troy

gtilflm

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Re: An Experiment Against Getty
« Reply #130 on: October 04, 2012, 08:33:52 PM »
Greg, the vigor with which you're pursuing this is commendable.  Bravo!

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #131 on: October 04, 2012, 09:20:12 PM »
Thank you gtilflm and peeved, I appreciate the kind words.

Be sure to go back and look at my previous post as I have edited it in added court documents that I found pertaining to the lawsuits mentioned in that 2007 article.
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

--Greg Troy

Robert Krausankas (BuddhaPi)

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Re: An Experiment Against Getty
« Reply #132 on: October 05, 2012, 06:30:59 AM »
I hang my head in shame...That is all...carry on.
Most questions have already been addressed in the forums, get yourself educated before making decisions.

Any advice is strictly that, and anything I may state is based on my opinions, and observations.
Robert Krausankas

I have a few friends around here..

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #133 on: October 05, 2012, 06:48:51 AM »
Never! ......Teamwork!

I hang my head in shame...That is all...carry on.
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

--Greg Troy

Greg Troy (KeepFighting)

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Re: An Experiment Against Getty
« Reply #134 on: October 05, 2012, 12:30:16 PM »
Got the link, thanks!


Yes, please do. You can send it to me through the ELI message system or email me directly at gregtroy@yeahwedothat.biz. Thanks!

If you want more information let me know and I'll message where you can get it.

It's not really a secret and as I said, this information is freely available but I'd rather Getty didn't know where I sourced it.
Every situation is unique, any advice or opinions I offer are given for your consideration only. You must decide what is best for you and your particular situation. I am not a lawyer and do not offer legal advice.

--Greg Troy

 

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