Bankruptcy

KissMyAss · Post by **KissMyAss** » Mon Mar 12, 2012 8:17 am

Larry King, Abraham Lincoln, and George Jones (who had similar "good faith conflicts" as Vinnie) were all bankrupt at some point. "The relationship with of the record company and the artist will continue as long as royalties are earned and payable. Relations between an artist and the record company may, however, be interrupted or revised by proceedings under bankruptcy law involving either party" This business of music, Sidney Shemell and William Krasilov, pg. 65. "Earned and payable" meaning:
Two conditions must be met. Revenue is earned and revenue is realized or realizable:
1) Revenue is earned when products are delivered or services are provided.
2) Realized means cash is received.
3) Realizable means it is reasonable to expect that cash will be received in the future.
(Revenue Recognition Principle. GAAP; Generally Accepted Accounting Principles)

In layman terms. The product was created, it sold, and future expectations of royalty payments are uncertain due to bankruptcy law.

Further reading: What to do if royalties aren't being paid: http://www.tlma.org/What.To.Do.If.pdf

I attached an article in regards to the social stigma bankruptcy often carries. Bankruptcy does not reflect upon moral character. It is an agreement between a person struggling financially and collectors. Since bankruptcy often has ramifications on credit, loans, royalties, and not to mention these social ramifications, filing is a last resort. A desperate measure.

http://consumerlawinvirginia.com/2011/0 ... cy-stigma/

THE BANKRUPTCY STIGMA
Posted on March 16, 2011

Is there a stigma attached to filing bankruptcy? Should there be such a stigma? The purpose of bankruptcy is to give people a fresh start. We don’t have debtors prison in this country. Bankruptcy is not about letting people avoid debts, it is about letting people and companies function in a productive manner.

Bankruptcy laws are strict and they are enforced by the U.S Department of Justice. Bankruptcy fraud can land someone is prison for up to five years. When the bankruptcy laws work like they are supposed to there is no shame in filing bankruptcy. Keep in mind that a good chunk of the commercial airline business and the america auto business has filed bankruptcy (think U.S. Airways, Delta Airlines, Northwest Airlines, Chrysler, General Motors).

Bankruptcy is a powerful tool that serves a very important purpose. It is not in the interest of society to smother people in debt. You don’t want to discourage people from working and being productive. You also don’t want to discourage people from taking any sort of financial risk. Society benefits from people taking risks and from the creation of new businesses.

Some creditors might even benefit from a debtor’s bankruptcy. For example, when a debtor files bankruptcy, the debtor may decide to pay back secured creditors since the bankruptcy might enable the debtor to make such payments. Bankruptcy can also help creditors by giving the creditor more knowledge and control over the situation of the debtors. Knowledge of a debtor’s situation is very important for a creditor and can allow a creditor to avoid significant expenses incurred in trying to collect on a debt which for all practical purposes is not possible to collect.

A concise summary folks: everyone needs to eat and pay the utilities.

1031 · Post by **1031** » Mon Mar 12, 2012 8:59 am

Not really sure what point your trying to make. Yes everyone needs to eat and pay the bills, but you do that by working not by pining your income to a lawsuit. The whole Vinnie Kiss lawsuit has been beat to death, he brought no proof failed to follow court direction, fired his lawyers, tried to sue them, continued on his own and got his ass handed to him. End of story.

poserboy71 · Post by **poserboy71** » Mon Mar 12, 2012 9:00 am

There is also ABUSE of the system. There are MANY times I have been in a situation where I could've filed but didn't. Family support and testicular fortitude gave me the courage to make things right.

Vinnie needs to own his success as well as his failure and keep it moving. He has support here and has flat out refused it.

Slayer · Post by **Slayer** » Mon Mar 12, 2012 10:44 am

KMA,
Thanks for the post and I agree with the generalization on Royalties. The Bankruptcy section of your post is more complex to me respectfully. If we are talking in generalities I don't have any issues with your post but if your referencing circumstances surrounding Vincent Cusano I would have a few questions for you:

"Since bankruptcy often has ramifications on credit, loans, royalties, and not to mention these social ramifications, filing is a last resort. A desperate measure"
Rick Schobel gave a testimonial on this above were things looked tough but he dug down, got productive and perservered. I have lost count how many times that Vincent Cusano has filed for Bankruptcy but it might be close to 3 or even 4 times in a span of 10 years?

"Bankruptcy is not about letting people avoid debts, it is about letting people and companies function in a productive manner"

Agreed as long as they function. I'm aware of Cusano only releasing Speedball Jam and the signed items for the Kiss Store. That's about it in 16 years and I don't count the guitars because that was a total sham, 4 guitars made by Tom Palecki and 4 guitars taken by Vincent Cusano and none sold. In my opinion this isn't a productive use of 16 years of ones life.

"You don’t want to discourage people from working and being productive"
Agreed but Cusano has chosen to refrain from working and being productive

"A concise summary folks: everyone needs to eat and pay the utilities"
I can agree with this statement but it appears that Cusano has chosen to sponge off of Diane and obsessive compulsively sue KISS and file bankruptcy.

I'm really not certain what your point is but it is true that lots of good folks have filed bankruptcy and have gotten a fresh start and rejoined society as productive members. As a last resort that is exactly what bankruptcy is for. I can't see how anyone could illustrate that Cusano has ever met any of these criteria? (Working and being Productive)

Everyone has their own opinion and I respect that but these are my opinions

Kev

Post by **Genebaby** » Mon Mar 12, 2012 11:51 am

Exactly. Vinnie does not file as a last resort, he files like a possum plays dead, often.

KissMyAss · Post by **KissMyAss** » Mon Mar 12, 2012 4:17 pm

1031 wrote:Not really sure what point your trying to make. Yes everyone needs to eat and pay the bills, but you do that by working not by pining your income to a lawsuit. The whole Vinnie Kiss lawsuit has been beat to death, he brought no proof failed to follow court direction, fired his lawyers, tried to sue them, continued on his own and got his ass handed to him. End of story.

I feel as though I'm speaking to a brick wall.

I provided other sources of information, as well. Perhaps a book on the music business, consumerlawinvirginia.com, and Generally Accepted Accounting Principles do not illustrate my point well enough?

I am more educated than you in business law. You should gracefully ask for clarification, if you don't understand. Do not dismiss my knowledge by saying "end of story". Business law affects accounting. Why wouldn't I have knowledge to contribute?

I am saying that there is an economic disincentive for Vinnie to file for bankruptcy, as a musician. Bankruptcy affects the possibility of receiving royalties. I already told you the incentive of filing for bankruptcy; eating, paying bills, not losing your home.

I thought there is a lot of stigma towards bankruptcy here. I thought you may want to know it's untrue that filing for bankruptcy indicates weak morality.

Post by **Genebaby** » Mon Mar 12, 2012 5:26 pm

Yes there are disincentives for filing bankruptcy and Vinnie has been paying the price for his first filing in the late 80's.

A lot of his hassles with what he is "owed" were caused in that filing when his past with Kiss came up and everything changed.

There is little rhyme or reason why Vinnie does a lot of things as a normal person would not do half of what he has. He clearly doesn't think like you or I and I am at peace with the idea he is a little (lot) crazy and needs medical help to think like the rest of us.

KissMyAss · Post by **KissMyAss** » Mon Mar 12, 2012 5:51 pm

Slayer wrote:KMA,
Thanks for the post and I agree with the generalization on Royalties. The Bankruptcy section of your post is more complex to me respectfully. If we are talking in generalities I don't have any issues with your post but if your referencing circumstances surrounding Vincent Cusano I would have a few questions for you:

"Since bankruptcy often has ramifications on credit, loans, royalties, and not to mention these social ramifications, filing is a last resort. A desperate measure"
Rick Schobel gave a testimonial on this above were things looked tough but he dug down, got productive and perservered. I have lost count how many times that Vincent Cusano has filed for Bankruptcy but it might be close to 3 or even 4 times in a span of 10 years?

"Bankruptcy is not about letting people avoid debts, it is about letting people and companies function in a productive manner"

Agreed as long as they function. I'm aware of Cusano only releasing Speedball Jam and the signed items for the Kiss Store. That's about it in 16 years and I don't count the guitars because that was a total sham, 4 guitars made by Tom Palecki and 4 guitars taken by Vincent Cusano and none sold. In my opinion this isn't a productive use of 16 years of ones life.

"You don’t want to discourage people from working and being productive"
Agreed but Cusano has chosen to refrain from working and being productive

"A concise summary folks: everyone needs to eat and pay the utilities"
I can agree with this statement but it appears that Cusano has chosen to sponge off of Diane and obsessive compulsively sue KISS and file bankruptcy.

I'm really not certain what your point is but it is true that lots of good folks have filed bankruptcy and have gotten a fresh start and rejoined society as productive members. As a last resort that is exactly what bankruptcy is for. I can't see how anyone could illustrate that Cusano has ever met any of these criteria? (Working and being Productive)

Everyone has their own opinion and I respect that but these are my opinions

Kev

1) Bankruptcy is a last resort. The amount of debt "swimming in debt" plays a large part in the decision to file bankruptcy. Frankly, some financial situations are far too extreme to take a job and work off the debt. Rick made a wise decision, but he had the option of avoiding bankruptcy still available. I have been at the point of bucking down, but not bankruptcy. But I know people who have been through it. Their situations were far worse.

2) Bankruptcy is not about letting people avoid debts. I am not the author of this article. It means that bankruptcy is an agreement between creditor and debtor to pay off debts, while allowing the debtor to actually function. I don't know the details of Vincent Cusano's situation.

3) You don't want to discourage people from being productive. Too often file bankruptcy, it wrecks their credit, and they can no longer start a new business, take a risk...as the article says.

4) I don't know what's preventing Vinnie from releasing material. It could be financial. I suppose if I did know the details, it would be confidential anyway. Not to sound to poetic, but music is Vinnie's passion. It's in his soul. Why wouldn't he want to create new music?

shramiac · Post by **shramiac** » Mon Mar 12, 2012 5:54 pm

KissMyAss wrote: 4) I don't know what's preventing Vinnie from releasing material. It could be financial. I suppose if I did know the details, it would be confidential anyway. Not to sound to poetic, but music is Vinnie's passion. It's in his soul. Why wouldn't he want to create new music?

Oh LORD above! If we only had an answer to that question!!!

n3p · Post by **n3p** » Mon Mar 12, 2012 6:39 pm

Still like ham.

doublev2 · Post by **doublev2** » Mon Mar 12, 2012 8:01 pm

the reasons are guess work.
at least one company wanted to put it out and he asked for more money that all his VVI albums put together cost.

my theories (note I say theories) are..

1. he is waiting for someone to offer him millions which will never happen.

2. not finished to his liking

3. doesn't want creditors to take profits (in the unlikely event it makes a lot of money)

4. he doesn't own the recordings, the record company who paid for it does.

5. he wants the power of something no on can have and the attention it brings him.

6. he has no money to even put it out on itunes (which doesn't cost a lot)

7. he is punishing everyone for the people he considers bad fans (eg us, or at least me and a few others).

shramiac wrote:
KissMyAss wrote: 4) I don't know what's preventing Vinnie from releasing material. It could be financial. I suppose if I did know the details, it would be confidential anyway. Not to sound to poetic, but music is Vinnie's passion. It's in his soul. Why wouldn't he want to create new music?

Oh LORD above! If we only had an answer to that question!!!

doublev2 · Post by **doublev2** » Mon Mar 12, 2012 8:06 pm

he told me when i worked with him to post that the whole album would be released by a company (i am sure vv on his own) over 18 months with two songs at a time and of course the rare collectors signed version.
this was supposed to start happening last summer and be done by now. obviously he just pulled it from his ass one day and changed his mind or had not planned it. I am sure each two song release would have been very expensive and then he would have quit by the time the whole thing had come out due to low sales and complaints of prices and you can bet the songs like Brainsaw and Cockteaser that only a few people have will be the last to come out. Thats just my take on it but he did for fact ask me to post he release over 18 months like it was about to happen.

poserboy71 · Post by **poserboy71** » Mon Mar 12, 2012 8:50 pm

KMA,
You have raised great points and I respect you for them. We support Vinnie and only want good things for him. Because of those feelings, when we see him perform actions that will prove counter-productive to his success, we call him on his shit. THAT is love. If we didn't care, we wouldn't be here.

I am glad that ,for the most part, this thread has remained civil. Very good reading !!!!

doublev2 · Post by **doublev2** » Mon Mar 12, 2012 10:06 pm

yeah we all love vinnie this is why its such a shock that he acts like this. everyone knows before vv came onto the dv board it was so supportive, we even banned talk of the boxset and other negative things. We love VV, why he can not see that is his biggest mistake in regard to his fans.

1031 · Post by **1031** » Tue Mar 13, 2012 4:45 am

KissMyAss wrote:
1031 wrote:Not really sure what point your trying to make. Yes everyone needs to eat and pay the bills, but you do that by working not by pining your income to a lawsuit. The whole Vinnie Kiss lawsuit has been beat to death, he brought no proof failed to follow court direction, fired his lawyers, tried to sue them, continued on his own and got his ass handed to him. End of story.
I feel as though I'm speaking to a brick wall.

I provided other sources of information, as well. Perhaps a book on the music business, consumerlawinvirginia.com, and Generally Accepted Accounting Principles do not illustrate my point well enough?

I am more educated than you in business law. You should gracefully ask for clarification, if you don't understand. Do not dismiss my knowledge by saying "end of story". Business law affects accounting. Why wouldn't I have knowledge to contribute?

I am saying that there is an economic disincentive for Vinnie to file for bankruptcy, as a musician. Bankruptcy affects the possibility of receiving royalties. I already told you the incentive of filing for bankruptcy; eating, paying bills, not losing your home.

I thought there is a lot of stigma towards bankruptcy here. I thought you may want to know it's untrue that filing for bankruptcy indicates weak morality.

You don't know me, my education level, or anything about me. But yet you claim you are more educated than me? I owe you no acknowledgement as a peer, and to insist that I gracefully ask you for anything indicates self inflated importance and poor character.
An accounting degree is not a law degree of any sort. I have successfully ran businesses kept the books navigated human resource laws, the tax system and payed my taxes with out issue or audit. Does that make me a account or a business lawyer ? No it does not, It just allowed me to retire at 44 and peruse other interests. But I feel no need to imply otherwise or constantly wave my success, knowledge or education like a six year old on a swing set yelling look at me.

I will leave you with these three thought's:
1. An education does not guarantee a educated person.
2. While bankruptcy is not an indicator of weak morality it does not exclude the unmoral from filing.

And finally one of my favorites from my father, a man who quit high school to fight in WW II and was but a truck driver the rest of his life, but one of the most educated individual's I knew.

3. If you find some one constantly trying to tell you how much they know, chance's are they don't know shit from apple butter.

poserboy71 · Post by **poserboy71** » Tue Mar 13, 2012 7:36 am

1031 wrote: If you find some one constantly trying to tell you how much they know, chance's are they don't know shit from apple butter.

I will submit to a blind taste test.
[youtube][/youtube]

doublev2 · Post by **doublev2** » Tue Mar 13, 2012 7:44 am

rick thats so offensive to blind people. hehe

poserboy71 · Post by **poserboy71** » Tue Mar 13, 2012 7:49 am

I guess I would need to plug my nose as well.

KissMyAss · Post by **KissMyAss** » Tue Mar 13, 2012 6:37 pm

doublev2 wrote:yeah we all love vinnie this is why its such a shock that he acts like this. everyone knows before vv came onto the dv board it was so supportive, we even banned talk of the boxset and other negative things. We love VV, why he can not see that is his biggest mistake in regard to his fans.

He's hurt, you're hurt.

That's what I see, Dino.

poserboy71 · Post by **poserboy71** » Tue Mar 13, 2012 10:49 pm

Hurt people, HURT PEOPLE.

metatron · Post by **metatron** » Wed Mar 14, 2012 3:44 am

All I got out of this was somethin' about a possum playing dead....LMFAO Vic.

Look at that big Ratt

Vdog · Post by **Vdog** » Wed Mar 14, 2012 4:06 am

Pretty accurate account there, Metatron.

metatron · Post by **metatron** » Wed Mar 14, 2012 4:13 am

Vdog wrote:Pretty accurate account there, Metatron.

metatron · Post by **metatron** » Wed Mar 14, 2012 4:26 am

This Is Serious Mum (TISM). A cat is denied it's food on daily basis. This insanity must stop!

That's one big ass RATT!

erg2 · Post by **erg2** » Wed Mar 14, 2012 5:37 am

Wow. This entire thread is befuddling to me.

First it starts with a dissertation on bankruptcy, culled from online resources.
Then it turns into an argument over whom is the smartest.
Finally humorous postings on the opossum.

To the first I say, YES there is a stigma to filing for bankruptcy. I came from a poor, lower class farming/mining community. Undereducated people that abused both the bankruptcy process and the welfare/government assistance programs...people I am related to. Saying that something SHOULD be a last resort does not automatically make it so.

To the second I say, I am college educated and make a very comfortable living in the print industry. Does that mean I'm smarter than someone that does not have a college education? Does that mean someone who has a degree in business law is smarter than I am?

To the third I say, did you know possum's teeth have a similar make-up to a very fragile glass? Their teeth are more likely to shatter during an attack than do major damage.

metatron · Post by **metatron** » Wed Mar 14, 2012 5:55 am

erg2 wrote:
To the third I say, did you know possum's teeth have a similar make-up to a very fragile glass? Their teeth are more likely to shatter during an attack than do major damage.

God plays cruel jokes sometimes...The poor glass jaw possum. No wonder the little fucker needs to play dead.

Post by **Genebaby** » Wed Mar 14, 2012 7:04 am

All I was saying is Vinnie likes to "play bankrupt".

Vdog · Post by **Vdog** » Wed Mar 14, 2012 11:26 am

and hetero.

Post by **Genebaby** » Wed Mar 14, 2012 12:17 pm

Ooooh!!!!!

1031 · Post by **1031** » Wed Mar 14, 2012 1:05 pm

I think its just hard for some fans to believe that his motives for most of his actions are not in anyone's best interest but his own. So its easy to make excuses for him or see him as the victim or look for other arguments. Its hard to understand why someone with his own talent, just sat and wasted it. There is no real reason other than what Vinnie has invented.

I know KMA has an analytically mind set, and its easy to continually go well what about this or this. But in the end no matter how many times you go over it, it ends up with a big " what the fuck is wrong with him".

And Possums are crazy, my buddy works for the hwy department, they pick up a lot of dead deer well you can guess the rest... just think of a jack in the box.

KissMyAss · Post by **KissMyAss** » Wed Mar 14, 2012 1:34 pm

Let me clarify the college information. To get a degree in accounting you must take Business Law. This only reflects knowledge in the subject at hand, and not upon others' intelligence.

I know you don't need to take a law class to keep books. My sibling is a bookkeeper, I was a bookkeeper,and my mother is a bookkeeper. It helps to know about contracts, if you've worked under contract, which is quite common in providing bookkeeping services.

KissMyAss · Post by **KissMyAss** » Wed Mar 14, 2012 3:15 pm

1031 wrote:I think its just hard for some fans to believe that his motives for most of his actions are not in anyone's best interest but his own. So its easy to make excuses for him or see him as the victim or look for other arguments. Its hard to understand why someone with his own talent, just sat and wasted it. There is no real reason other than what Vinnie has invented.

I know KMA has an analytically mind set, and its easy to continually go well what about this or this. But in the end no matter how many times you go over it, it ends up with a big " what the fuck is wrong with him".

And Possums are crazy, my buddy works for the hwy department, they pick up a lot of dead deer well you can guess the rest... just think of a jack in the box.

I am quite aware Vinnie has the absolute advantage playing the guitar, and his time is best spent specializing in it.

He is better at the guitar than forum administration.

He is better at the guitar than business.

It is more efficient for him to play guitar, write songs, and sing than waste his time in court.

I believe I said that he was wasting his time (and money) suing KISS in an older post.

This thread merely addressed a common perception toward people who file for bankruptcy, in general. And pointed out the disincentives in filing.

He should maintain good relations with ALL fans.

He is ignoring the implicit costs.

I don't judge him for it.

Slayer · Post by **Slayer** » Wed Mar 14, 2012 3:21 pm

KissMyAss wrote:
1031 wrote:I think its just hard for some fans to believe that his motives for most of his actions are not in anyone's best interest but his own. So its easy to make excuses for him or see him as the victim or look for other arguments. Its hard to understand why someone with his own talent, just sat and wasted it. There is no real reason other than what Vinnie has invented.

I know KMA has an analytically mind set, and its easy to continually go well what about this or this. But in the end no matter how many times you go over it, it ends up with a big " what the fuck is wrong with him".

And Possums are crazy, my buddy works for the hwy department, they pick up a lot of dead deer well you can guess the rest... just think of a jack in the box.
I am quite aware Vinnie has the absolute advantage playing the guitar, and his time is best spent specializing in it.

He is better at the guitar than forum administration.

He is better at the guitar than business.

It is more efficient for him to play guitar, write songs, and sing than waste his time in court.

I believe I said that he was wasting his time (and money) suing KISS in an older post.

This thread merely addressed a common perception toward people who file for bankruptcy, in general. And pointed out the disincentives in filing.

He should maintain good relations with ALL fans.

He is ignoring the implicit costs.

I don't judge him for it.

Good post KMA!

shramiac · Post by **shramiac** » Wed Mar 14, 2012 6:01 pm

Yeah cool post!

poserboy71 · Post by **poserboy71** » Wed Mar 14, 2012 10:12 pm

THAT'S the way to post and not have people feel they are being attacked.

metatron · Post by **metatron** » Thu Mar 15, 2012 12:43 am

KissMyAss wrote:
1031 wrote:I think its just hard for some fans to believe that his motives for most of his actions are not in anyone's best interest but his own. So its easy to make excuses for him or see him as the victim or look for other arguments. Its hard to understand why someone with his own talent, just sat and wasted it. There is no real reason other than what Vinnie has invented.

I know KMA has an analytically mind set, and its easy to continually go well what about this or this. But in the end no matter how many times you go over it, it ends up with a big " what the fuck is wrong with him".

And Possums are crazy, my buddy works for the hwy department, they pick up a lot of dead deer well you can guess the rest... just think of a jack in the box.
I am quite aware Vinnie has the absolute advantage playing the guitar, and his time is best spent specializing in it.

He is better at the guitar than forum administration.

He is better at the guitar than business.

It is more efficient for him to play guitar, write songs, and sing than waste his time in court.

I believe I said that he was wasting his time (and money) suing KISS in an older post.

This thread merely addressed a common perception toward people who file for bankruptcy, in general. And pointed out the disincentives in filing.

He should maintain good relations with ALL fans.

He is ignoring the implicit costs.

I don't judge him for it.

Yer, Yer , all well & Good, but lets not forget that the Possum is an innocent victim in all of this.
What the fuck am I on about??? Really?

erg2 · Post by **erg2** » Thu Mar 15, 2012 5:37 am

I agree. It's a good way to discuss Vinnie from a different angle and I appreciate that.
It just came across originally as "I" was being spoken down to by someone that feels they are more intelligent than myself. There's a difference between stupidity and ignorance. Ignorance is bliss.

poserboy71 · Post by **poserboy71** » Thu Mar 15, 2012 7:03 am

I believe she was talking to you like that at first, realized her wrongdoing, and corrected the manner in which she addresses people. Let's hope.

KissMyAss · Post by **KissMyAss** » Thu Mar 15, 2012 4:06 pm

I'd like to share a little motivational communication from the wisdom of Adam Smith:

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from the reward of their regard of their own interest. We address ourselves not to their humanity, but to their self-love, and never talk to them of our necessities, but of their advantage." -Wealth of nations.

Vinnie could benefit from not struggling, by applying his talent. Currently he is sacrificing opportunities by not doing so. Talent makes money.

metatron · Post by **metatron** » Thu Mar 15, 2012 7:23 pm

Yep, but there is no point in owning a Ferrari, when there is no road to drive it on. Yes, he was talent,(in the bucket loads) but for that talent to be productive, to give joy, to be appreciated, it needs other factors to be in good work order. I like to make the comparison to McDonald's fast food. No the best quality food on the the plant, not the most nutrient rich food on the plant, but the most popular fast food on the plant. Why?, cause they have their house in order. The service is pretty much up there, the price is affordable & it it is eatable. They don't major in the minors. They concentrate on what they need to make money & forget about the rest. Vinnie needs to get his house in order & concentrate on what he's good at & forget about the rest. His problem is he wants to micro manage everything. That's a great way to go insane.

Post by **Genebaby** » Thu Mar 15, 2012 8:38 pm

Preach it people's!!

doublev2 · Post by **doublev2** » Thu Mar 15, 2012 9:31 pm

no point owning a LADA with a good road to drive on. hehe

shramiac · Post by **shramiac** » Thu Mar 15, 2012 9:53 pm

You got that right. No reason even if you're Russian to own a Lada!!!

KissMyAss · Post by **KissMyAss** » Fri Mar 16, 2012 12:43 pm

Opportunity cost (economics)- The cost of foregoing profitable possibilities to engage in another less profitable activity.

"Time is money"

Example 1:

There is a fair, and I want to make extra change

Choice A: I could lose money by trying to crochet a doily (I can't crochet very well).

or choice B: I could spend that same time, baking cookies, which I do well and would make more money at the fair.

My opportunity cost is higher by engaging in activity B as compared to activity A. So, I should choose to bake cookies.

Example 2:

Now to Vinnie's choice in whether to manage his own career or play clubs

Choice A: Engaging time in management, when he has no aptitude for business.

Choice B: Engaging time playing in a band, when he excels at playing the guitar.

Choosing A means losing out on potential profit from choosing option B as well as concrete losses from losing money at managing his own career. Double whammy. Explicit and implicit costs. Concrete and "what would've I gotten if I engaged in this activity instead..."

The best decision is "option B",devoting all of his time and energy to music.

Why do you think artist management exists?

erg2 · Post by **erg2** » Fri Mar 16, 2012 2:24 pm

KissMyAss wrote:Why do you think artist management exists? [/b]

Because those that can't do manage?

1031 · Post by **1031** » Fri Mar 16, 2012 2:33 pm

I think we all agree Vinnie should do what hes best at, playing music.
There are a lot of variables at play even if he wanted to restart his music career. He has burnt so many bridges in the music industry it would be very difficult to get a management team together. He has a very limited fan base,
his solo albums did not sell extremely well and 80s glam metal is not a big sell today and hes 60. So a label deal would be pretty much zero possibility.
That would leave independent self release for new music, and club dates for promotion with a back up band. That means he would magically have to put on his big boy panties, screw his head on straight and get to work. Personally I think the odds are very bad that he would do it. But he also may have no other choice soon.

doublev2 · Post by **doublev2** » Fri Mar 16, 2012 6:33 pm

You said it. Vv has only about 100 fans plus a couple thousand casual fans at best. He actually has to build his fan base with a killer album or two not sold for prices that will just make more people talk about how crazy he is.
The problem no one will put on shows after what he did in Europe, no fan will send him cash because of the boxset, no one will pay vv prices for anything and no label would put out or promote the record because thr chances of making money on something they had to buy are very slim unless vv has a hit single.which gfh doesnt have any that stand out as potential big hits. I see no way for vv to.come back unless he does instore guitar promotions but again no equiptment company will ask him to.endorse bevause he will ask too much and most likely.not show up like in the past.

Post by **Genebaby** » Fri Mar 16, 2012 8:13 pm

Prove us wrong Vinnie......Prove us wrong!!!!

doublev2 · Post by **doublev2** » Fri Mar 16, 2012 8:31 pm

its impossible for him. He has to have some angle on everything that ruins what he is trying to do.

metatron · Post by **metatron** » Sat Mar 17, 2012 5:06 am

KissMyAss wrote:baking cookies, which I do well and would make more money at the fair.

Bake Brownies KMA. Always, Bake Brownies.

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