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re: John L Smith is bankrupt (new details in story)

Posted on 9/20/12 at 10:15 am to
Posted by TenTex
Member since Jan 2008
15949 posts
Posted on 9/20/12 at 10:15 am to
I must say, this Arkansas football mess is the biggest I have ever seen. Once they get past this season and hire a new coach it will help them put this in the rear view mirror. I hope for the sanity of Hog fans the next coach isn't caught with a stripper or anything like that.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16963 posts
Posted on 9/20/12 at 10:23 am to
JLS=Jimmy Mouth of the South Hart/Enron/Gilligan
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 9/20/12 at 10:32 am to
quote:

I must say, this Arkansas football mess is the biggest I have ever seen. Once they get past this season and hire a new coach it will help them put this in the rear view mirror. I hope for the sanity of Hog fans the next coach isn't caught with a stripper or anything like that.


we are used to the turmoil if it wasn't this it would be basketball or something else
Posted by arrakis
Member since Nov 2008
21168 posts
Posted on 9/20/12 at 10:58 am to
quote:

how in the hell does a grown man with a job only have $500 in his checking account? Is the rest in his savings or something? Does he have a savings account?

Could be in a family member's acct. Could be overseas. Could be a lot of places. He knew he was going down on the real estate deal so why leave money in an account that will be seized?

There's a lot more to the story than what is being reported. His supposed real estate investments started (according to Smith) in '02. The real estate market didn't tank until '06 so there was a lot of time to take profits and put them somewhere.

Just speculation on the events of his investments, but having pocket change in his personal accounts when on the brink of filing for bankruptcy is no surprise.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16963 posts
Posted on 9/20/12 at 11:48 am to
quote:

how in the hell does a grown man with a job only have $500 in his checking account? Is the rest in his savings or something? Does he have a savings account?


I've got a better question than that. How in the hell do you get 25 mill in debt?
Posted by ItNeverRains
37069
Member since Oct 2007
25433 posts
Posted on 9/20/12 at 11:58 am to
quote:

I must say, this Arkansas football mess is the biggest I have ever seen.


Can't think of maybe one bigger mess in college football recently?
Posted by WaveHog
Austin, TX
Member since May 2008
6968 posts
Posted on 9/20/12 at 12:13 pm to
quote:

a better question than that. How in the hell do you get 25 mill in debt?


personal guarantor on business loans.
Posted by CtotheVrzrbck
WeWaCo
Member since Dec 2007
37538 posts
Posted on 9/20/12 at 2:53 pm to
quote:

quote:He was the coach I most wanted gone from the staff last season

Just curious but why is that? Our special teams besides a few shitty plays last year was pretty good I thought.



Our positive plays on special teams were more a result of the KR's talent, you'll remember the Joe Adams TD's and DJ's long returns and Marquel Wade's punishing coverage...

What you forget are all of the fake FG's that were done on us, the PR TD's against us, the long KO returns etc.

Hocker and Breeding can make anyone look good, same for Joe Adams and Dennis Johnson.

I thought he was out of touch and was getting outsmarted strategically. He never considered Bama would fake kick on us, and they had an entire half of the field open and they exposed it and started their onslaught.

I posted in the past that I thought he should be moved to an admin role/focus on recruiting because he was a fun and light hearted. I just wanted some younger hungry guys on the field, sometimes experience can hamper you, it can cloud your judgement and narrow your thinking criteria.

Now I just want him strung up in Coach Parker's gallows.
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