In "I think I still have options" news, Dave Mays recently announced the filing of a multimillion-dollar lawsuit against the Black Enterprise Greenwich Street private equity fund. Let him tell it, the members plotted to steal the magazine and illegally fired him from his cozy CEO position.

Here's Dave Mays in a statement explaining his side of the story: Since I started this magazine 18 years ago, I have always placed the best interests of my readers first, and I built a vibrant business by earning the trust and loyalty of millions of Hip-Hop fans across the world. I did this by always making sure that The Source's editorial voice was unbiased and independent of commercial influences, standing strong in the face of Hip-Hop's detractors and never bowing down to corporate or advertiser pressures.

Here's Dave Mays in a statement explaining why he's mad at Black Enterprise: It is truly sad to see that my 'partners' at Black Enterprise appear to have gone behind my back and chosen to blatantly undermine the editorial integrity of the Hip-Hop community's only independently-owned media voice, selling our readership out to corrupt big-corporate interests for their own selfish financial gain.

Here's Benzino in a statement explaining why he thinks Black Enterprise is baller blocking them: Their scheme to steal our magazine is probably fueled by their desire to add it to their own struggling publishing operation [Black Enterprise magazine, which] I believe has not been nearly as profitable for them in recent years as it once was.

That's a lot of lip service, but what are they suing for EbenGregory?

My sources tell me that Mays' lawsuit alleges intentional, malicious and bad faith conduct in an attempt to take-over control of the Source. Plus, let Zino and Mays tell it, they are still 82% shareholders in the company. Apparently, Black Enterprise Greenwich Street Fund acquired the other 18% for $12 million in April of 2002.

Who knows how this is gonna play out, but everybody's scheduled to be in court to spin the story on Feb. 21.
This storyline is so tired is doesn't even deserve jewelry. Besides, all I got is silver today and who wants that?

Click here to Watch EbenGregory - Dave Mays Files Multi-Million Dollar Lawsuit Against Black Enterprise, Seeks New Injunction