In "The joke is almost up" news, The Source co-owners David Mays and Ray "Benzino" Scott were forced to obtain a temporary restraining order against The Source Entertainment Inc.'s board of directors yesterday (Jan. 12). It seems that the Board has had enough of the foolishness and wants these two clowns out.

Tell me more EbenGregory, please tell me more.

According to my NY connections, the Board is attempting to boot Mays and Scott from the company, claiming their involvement in the company hurts "not only the employees of The Source, but all of its investors, vendors, subscribers and readers."

Here's the Board on Zino and Mays: The Board unanimously concluded that various acts of mismanagement and breaches of fiduciary duties to the Company by both David Mays and Raymond Scott, who head the company, were in violation of their employment contract, and that cause existed for their termination.

Here's more of the Board on Zino and Mays: To date, the once highly profitable publication has been sued by its primary lender, Textron Financial Corporation of Providence, R.I., for failure to meet ongoing financial obligations, have been evicted from their offices, and owe $9-12 million to various vendors. The Board decided this was the only feasible course of action as Mays and Scott could not continue their series of financial recklessness and negligence that, in the end, hurts not only the employees of The Source, but all of its investors, vendors, subscribers and readers.

And here's more of the Board on Zino and Mays: We are attempting to permanently implement internal management changes, which will restore The Source to greater profitability while allowing the publication to regain the prominence it once enjoyed within the industry and by its readers.
Oh really? I wonder what Zino and Mays have to say about all of this.

Here's Zino and Mays to the NY Post on the Board trying to give them the boot: They can want to do that all they want, but it's not happening.

Here's some jewelry being dropped by EbenGregory on Zino and Mays being ousted from their positions at The Source: Those who realize their folly are not true fools. I wonder if they realize their follies.

Click here to Watch EbenGregory - Board Of Directors Attempt To Oust Dave Mays & Benzino From The Source