Comments on: Embattled MP3Tunes cloud locker files for bankruptcy

By: chadolson

chadolson — Fri, 11 May 2012 21:16:13 +0000

Nice try Michael. Let’s take everyone to the facts… http://kevincarmony.blogspot.com/2011/03/final-scoreboard-michael-robertson.html
It’s got to be embarrassing that you never got a single dime from any one of these former employees that you sued. Justice prevailed and you’re $644,000 poorer for it. SCOREBOARD!

By: Meganesium

Meganesium — Fri, 11 May 2012 20:52:03 +0000

Robertson must be broke to file bankruptcy over a few million. I thought he was suppose to be worth millions? Stiffing a coffee vendor for $96, not cool. How does he find lawyers to even work with him?

By: chadolson

chadolson — Fri, 11 May 2012 20:51:13 +0000

All’s I can say, Michael, is Freespire.com. Enough said!
Is there any bridge you haven’t burned? I use to think you would die a rich lonely man, but it looks like you’ll die a poor lonely man. Sad life!

By: Scott

Scott — Fri, 11 May 2012 20:46:59 +0000

Wow! http://freespire.com I counted over FOURTY people who know Robertson (employees, shareholders, vendors, etc.) and who have come out publicly against him. If I had that many people who disliked me, I think I’d go hide under a rock (assuming you could find a rock that could stand being that close to Robertson =).

By: DaveF

DaveF — Fri, 11 May 2012 20:38:25 +0000

The way I read it, is Robertson lost $644K attacking the employees, and they ended up $217K the better. I’ll take the employee’s credibility over Robertson’s. Of course, I also hear Robertson is not paying the judgement against him. No surprise there, he’s a deadbeat. http://kevincarmony.blogspot.com/2011/03/final-scoreboard-michael-robertson.html

By: Chadolson-isafraudster

Chadolson-isafraudster — Fri, 11 May 2012 17:52:46 +0000

Is this the same CFO Chad Olson of Linspire that was found liable by a jury for fraud and conspiracy? http://www.michaelrobertson.com/archive.php?minute_id=347

If so, I think you have no credibility to criticize the guy and have a huge vendetta.

By: Inforuptcy

Inforuptcy — Fri, 11 May 2012 15:49:02 +0000

You can follow the bankruptcy case here and read the docket: https://www.inforuptcy.com/filings/casbke_365941-mp3tunes-inc

By: DZanone

DZanone — Fri, 11 May 2012 03:34:05 +0000

Robertson may be hoping to get out of his EMI litigation with this move, but EMI is suing him personally and will continue after him, even with MP3Tunes in bankruptcy. Being the former CFO of one one his other failed companies, Linspire, I predicted Robertson would blame the EMI lawsuit for the eventual demise of MP3tunes. As you’ll see from the filing, the REVENUES from MP3tunes hardly moved the needle, ever. MP3tunes was just another poorly executed business idea from Robertson. Linspire was another of his failures, approximately 100 shareholder never got a penny when it went down, yet on the MP3Tunes website, he spins it as a success by saying it was sold to Xandros. Robertson is a master with the slight of hands when trying save face on his failures. Remember, when dealing with Robertson’s shell games, keep your eye on the ball.

By: DaveF

DaveF — Fri, 11 May 2012 03:03:40 +0000

Based on the filing, Robertson is sticking it to everyone from his lawyers ($1.4 million), to several employees ($10,775), to even the coffee vendor ($96). So, let me get this straight…Robertson is saying he doesn’t have $96 to pay a coffee vendor because of EMI? What a chump. I guess he’s broke and has blown all the money he got from the MP3.com fiasco. (MP3.com went public at $28 per share, and was dumped in a fire sale for $5 per share, sticking it to the many IPO investors while Robertson made off with millions.)

I also noticed in the MP3tunes bankruptcy filing, that the only secured creditor he lists was HIMSELF, through his SKL Trust. As usual, he makes sure that he ends up first in line while everyone else gets completely stiffed.

Even worse, innocent customers are STILL getting ripped off, as it appears he’s more than happy to keep selling subscriptions to his defunct company. Fortunately the media is now alerting would-be customers about this bankruptcy, since apparently Robertson isn’t. I can find no mention of the bankruptcy anywhere on the MP3tunes site, but I can find where they are still accepting $139.95 for annual subscriptions.

As I say, what a chump.

By: Noah

Noah — Fri, 11 May 2012 00:17:18 +0000

Why would I trust this guy with my money? He’s obviously a bad business man who makes poor choices.