I called the quick sale of office furnishings when Pat and Ian revealed that the California office had been emptied (having a fire sale on office furnishings is pretty common for companies that are being liquidated). That said, I did NOT call that they were selling office furnishings financed by and leveraged by somebody else. This is absolutely wild.
He probably did the personal guarantee because he couldn’t get the loan otherwise. He wanted the office to look fancy so he could bullshit people more easily.
This case is far more open and shut and an easy win since he made the big mistake of co-signing for this loan. He really has no way to get out of this without making a deal.
Intellivision ran out of money last July, the same month they stopped paying this furniture bill. So it looks like they'll be suing Tommy for the money.
Intellivision certainly were adamant about keeping up appearances for investors with all that furniture. They were not ashamed of hiding it, as they had a "Invest" link right in the top main menu, very rare for a business-to-consumer company to show above the fold.
Seeing as executives got 6 figures + a year.... Aka 110000......this could easily have been avoided. Seeing as how they had several offices around the world this could easily have been avoided. Manage your money and live within your means! Basic life lessons. This is the kind of behavior I expect from people who never had to learn to shop smart/budget etc.
This certainly explains DJC's new "Amico Forever" rules. The chat is going to be heavily moderated to make sure only positive things about the Amico are discussed. This is no doubt to keep talk of this lawsuit from becoming spoken about there.
@@NinjaKittyRetro I get the feeling when there's no more ways to spin that the Amico is ever coming out, like with the actual death of the company, DJC is probably gonna pull a Matt Hoss, and go into hiding for four years.
@@SomeOrangeCat There's just absolutely anything else they can do at this point with everything we know now. Tommy should just surrender himself to the authorities and admit he scammed investors thus removing himself from society.
See it's not a scam. Our Lord and savior Tommy put his own money for the Amico. You wouldn't need office equipment if you're all set up for manufacturing anyways. I see this as a win for Intellivision as Tommy is sacrificing his own hard earned money and not taking away from current production units. ... -Probably, it's hard to defend this, but I'm sure the cult will try.
They could have just got some IKEA crap for their start-up, but I guess they _really_ needed those fancy chairs and the campfire equipment. Interesting that they didn't enter into the agreement until February of last year, before _we_ knew (with concrete evidence, anyway) that they had no money, but after _they_ knew they had no money.
Insane that they would spend that much money on a workspace that was mostly empty and when they could of bought used office furniture at a fraction of the cost.
Heck, they could have just gotten stuff off lease from collapsed offices, I'm sure there were liquidators who would have given clearout prices to them!
How does this work then, if this case shows they are unable to pay , does that mean others will not pursue for a time as it is proven that any case will not achieve anything? is 140k a cheap way to buy indeterminate amount of time?
@@CPE1704TK5 So basically, from what those of us unenlightened have been able to glean, Tommy signed away the protections afforded to him by the LLC because they required a personal guarantee. Which basically means that Tommy is pressed nuts, as they can go after personal holdings, property, and garnishment, in whatever order is easiest. I don't know if Tallarico's legally dubious past is going to come up as a point, but _I would personally bring up the 2009 Tommy v United States_ case as a citation that he was never to be trusted with money higher than gum money.
@@CPE1704TK5 - If the loan was only signed by Intellivision LLC then basically the company files bankruptcy and the financing company is f'd. However since Mr Tallarico signed as a guarantor... they can come after him and his assets or wages if he actually makes an income. He's in trouble.
$180k thereabouts, not the end of the world, proably would settle for less than half of that, not wanting to roll the dice and see if IE declares bankruptcy and then get nada…
@@NinjaKittyRetro Oh I agree 100%. I am just thinking tommy may feel that stepping down as CEO may distance himself from INTV. And he feels he needs extra money for lawyers so he decided to go back to VGL real quick.
@MY CAPS LOCK IS STUCK Good question. It must've been a good amount because we all know he doesn't share that VGL profit with no one. Just ask his orchestra that he doesn't pay. 💰🙄
I think it was several factors, and more likely things like the SEC stepping in to clarify in clarifying J Allard's involvement in the company, since those claims about J Allard came from Tommy.
I seen KRAZ Productions video about this matter and he referenced your video along with Goose's. KRAZ recently ordered the 8-pack of Amico games and he did receive them. A lawsuit is a lawsuit but it's good that it isn't for that much. Tommy will be able to beat the lawsuit.
It's pretty cut and dry that he signed as a guarantor so he will be on the hook for whatever judgement is given. Unless he files for bankruptcy himself but in order for him to do that he would have to give up his home , the car and all of his toys.
@@NinjaKittyRetro I've heard that Tommy is a multi-millionaire so he should have the cash on hand to pay up if the verdict goes against him. Hopefully the case can be settled out of court for the sake of Tommy and Intellivision. When he signed the document to rent this office furniture did he sign the document with his personal name or did he sign as Intellivision?
@@blitzkrieg1174 …do you really think you’ll receive TT’s-💩”HyperScam Amico”💩 in 2023? When you didn’t receive it in 2020…2021…or 2022?🤔😵💫🤔 Just curious…asking for John & the Alvarados.
@@F1JV Yes, but if the Amico doesn't launch in 2023 it may not launch at all. Once Taiwan festivities comes into play everything is off the table, prepare for the Greatest Depression and mass layoffs to the likes of which you and I have never seen. Anything's possible.
@@blitzkrieg1174 …I guess only John & The Alvarados really know & they seem to just talk about running marathons…never talk about anything related to TT’s system project ever.
![Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]](http://i.ytimg.com/vi/9miVG2xT5jY/mqdefault.jpg)
![Kumamoto Masters Japan 2024 | Gregoria Mariska Tunjung (INA) [5] vs. Akane Yamaguchi (JPN) [2] | F](http://i.ytimg.com/vi/EIjZybhsWqA/mqdefault.jpg)
***UPDATE*** link at imgur.com/a/2haO1i9 It looks like it was mostly basic office equipment!!! What a waste of money!!!
I called the quick sale of office furnishings when Pat and Ian revealed that the California office had been emptied (having a fire sale on office furnishings is pretty common for companies that are being liquidated). That said, I did NOT call that they were selling office furnishings financed by and leveraged by somebody else. This is absolutely wild.
Oof
He probably did the personal guarantee because he couldn’t get the loan otherwise. He wanted the office to look fancy so he could bullshit people more easily.
The projected price of the Amico just went up another $100!!!
Maybe every person who buys an Amico also gets a free chair?
"Price of the brick just went up." - Marlo Stanfield, the Wire
These guys suing are just a bunch of furniture racists... 🙃
Oh shit! I laughed so hard at this!
🤣🤣🤣🤣😂😂
Weird their first lawsuit is about furniture and nothing from Republic investors or other debtors.
This case is far more open and shut and an easy win since he made the big mistake of co-signing for this loan. He really has no way to get out of this without making a deal.
@@NinjaKittyRetro good point
Lawsuit #1 of many more to come.
He might not have any more money left when it comes to lawsuit #3 or #4.
Still waiting on those inevitable (at this point) investor lawsuits...
In other words, they are suing Intellivision for more than the money they have left.
Intellivision ran out of money last July, the same month they stopped paying this furniture bill. So it looks like they'll be suing Tommy for the money.
Intellivision certainly were adamant about keeping up appearances for investors with all that furniture. They were not ashamed of hiding it, as they had a "Invest" link right in the top main menu, very rare for a business-to-consumer company to show above the fold.
Seeing as executives got 6 figures + a year.... Aka 110000......this could easily have been avoided.
Seeing as how they had several offices around the world this could easily have been avoided.
Manage your money and live within your means! Basic life lessons. This is the kind of behavior I expect from people who never had to learn to shop smart/budget etc.
People always assume that if you have a lot of money, you must be really smart. These people prove that to be false.
This certainly explains DJC's new "Amico Forever" rules. The chat is going to be heavily moderated to make sure only positive things about the Amico are discussed. This is no doubt to keep talk of this lawsuit from becoming spoken about there.
Clearly they knew in advance that this would get out and would over take any stream that they have.
Amico Forever is going to have to wait until the heat death of Earth at the going rate.
@@NinjaKittyRetro I get the feeling when there's no more ways to spin that the Amico is ever coming out, like with the actual death of the company, DJC is probably gonna pull a Matt Hoss, and go into hiding for four years.
@@SomeOrangeCat There's just absolutely anything else they can do at this point with everything we know now. Tommy should just surrender himself to the authorities and admit he scammed investors thus removing himself from society.
Good luck, we're going to get a lot of blocking! 😉
Djc is going to get a bill for his Amico exclusive coverage. That way tommy can pay his bills .
How will DJC spin this as a positive?!
With a Coke
See it's not a scam. Our Lord and savior Tommy put his own money for the Amico.
You wouldn't need office equipment if you're all set up for manufacturing anyways. I see this as a win for Intellivision as Tommy is sacrificing his own hard earned money and not taking away from current production units. ...
-Probably, it's hard to defend this, but I'm sure the cult will try.
"Every company and it's president gets sued when they are close to launching a product, it's the sign of a successful company!"
@@jettesides420 With a Tab soda~!
I'm guessing they will either pretend it's not a big deal or make it seem like that the lawsuit will only impact Tommy and not the company itself.
They could have just got some IKEA crap for their start-up, but I guess they _really_ needed those fancy chairs and the campfire equipment.
Interesting that they didn't enter into the agreement until February of last year, before _we_ knew (with concrete evidence, anyway) that they had no money, but after _they_ knew they had no money.
Insane that they would spend that much money on a workspace that was mostly empty and when they could of bought used office furniture at a fraction of the cost.
Heck, they could have just gotten stuff off lease from collapsed offices, I'm sure there were liquidators who would have given clearout prices to them!
How does this work then, if this case shows they are unable to pay , does that mean others will not pursue for a time as it is proven that any case will not achieve anything? is 140k a cheap way to buy indeterminate amount of time?
@@CPE1704TK5 So basically, from what those of us unenlightened have been able to glean, Tommy signed away the protections afforded to him by the LLC because they required a personal guarantee. Which basically means that Tommy is pressed nuts, as they can go after personal holdings, property, and garnishment, in whatever order is easiest.
I don't know if Tallarico's legally dubious past is going to come up as a point, but _I would personally bring up the 2009 Tommy v United States_ case as a citation that he was never to be trusted with money higher than gum money.
@@CPE1704TK5 - If the loan was only signed by Intellivision LLC then basically the company files bankruptcy and the financing company is f'd. However since Mr Tallarico signed as a guarantor... they can come after him and his assets or wages if he actually makes an income. He's in trouble.
I wonder if Tommy is going to have to auction his stuff again.
It would be wiser for him to auction off his stuff and make a deal rather then them taking his stuff and selling it potentially at a far lower price.
Sell his Ferrari, maybe that would cover that…
100+ k$....that's nothing for someone whose personal buddies with shigeru MiyaMoto
That's basically only half a Ferrari :)
$180k thereabouts, not the end of the world, proably would settle for less than half of that, not wanting to roll the dice and see if IE declares bankruptcy and then get nada…
Hopefully Tommy saved his money from the proceeds of that recent auction in which he sold off his valuables... otherwise OOF!
don't give your hard earned pay to anyone, especially for just the promise of something
Wonder is this why tommy stepped down as the CEO. And why tommy was so quick to get back to doing VGL concerts again.
I think the auctioning of his prized items was more of a result of this lawsuit.
@@NinjaKittyRetro Oh I agree 100%. I am just thinking tommy may feel that stepping down as CEO may distance himself from INTV. And he feels he needs extra money for lawyers so he decided to go back to VGL real quick.
@MY CAPS LOCK IS STUCK Good question. It must've been a good amount because we all know he doesn't share that VGL profit with no one. Just ask his orchestra that he doesn't pay. 💰🙄
@mycapslockisstuck4690 I'm guessing these days very little? He'll really have to hope that the live VGL shows pick up.
I think it was several factors, and more likely things like the SEC stepping in to clarify in clarifying J Allard's involvement in the company, since those claims about J Allard came from Tommy.
Thomas Andrew Tallarico? T.A.T. !! The jokes write themselves huh?
Haha nice
Mario voice: "Here we go!"
Thanks for keeping me in the loop w this vid, 👍👍🙂
GG kitty!
Besides the auction does the divorce seem fishy as well? Can’t put it past the guy. Lol
Maybe the whole marriage might of been a ruse?
Well besides his dad, I speculate quiet time was more about how to “scape goat” tommy.
Tommy be like, "hey Roblox, I'mma need that OOF money real soon"
It's been a rough Winter for Thomas Tallarico.
I'm sure his mother is really proud!
This just shows how clueless Tommy was about starting up his business and how desperate Intellivision was in 2021 to stay afloat.
literal gaming racist
Why in the name of all that’s holy would someone think that spending 100k on furniture over a multi year contract
I followed you for support. I hope your channel grows! Have a nice day 😊
Thank you so much!
Poor John Alvarado, eating off of the kantine floor for months now, in his basement
No wonder the quiet time 🤣
Oof!™
🍿🍿😎🍿🍿
I seen KRAZ Productions video about this matter and he referenced your video along with Goose's. KRAZ recently ordered the 8-pack of Amico games and he did receive them. A lawsuit is a lawsuit but it's good that it isn't for that much. Tommy will be able to beat the lawsuit.
It's pretty cut and dry that he signed as a guarantor so he will be on the hook for whatever judgement is given. Unless he files for bankruptcy himself but in order for him to do that he would have to give up his home , the car and all of his toys.
@@NinjaKittyRetro I've heard that Tommy is a multi-millionaire so he should have the cash on hand to pay up if the verdict goes against him. Hopefully the case can be settled out of court for the sake of Tommy and Intellivision. When he signed the document to rent this office furniture did he sign the document with his personal name or did he sign as Intellivision?
@@blitzkrieg1174 …do you really think you’ll receive TT’s-💩”HyperScam Amico”💩 in 2023?
When you didn’t receive it in 2020…2021…or 2022?🤔😵💫🤔
Just curious…asking for John & the Alvarados.
@@F1JV Yes, but if the Amico doesn't launch in 2023 it may not launch at all. Once Taiwan festivities comes into play everything is off the table, prepare for the Greatest Depression and mass layoffs to the likes of which you and I have never seen. Anything's possible.
@@blitzkrieg1174 …I guess only John & The Alvarados really know & they seem to just talk about running marathons…never talk about anything related to TT’s system project ever.
So sad, may Elon Musk or Atari just buy Intellivision and bring in better management.
God bless.
Elon is just a less broke Tommy Tallarico
Dude you really need to sort out your buddy Nolster who likes stalking Amico enthusiasts across the Internet. 😆😆
Are you not the one stalking Pat to this day? Wanna his scrufy balls só much?