A pessimist is someone who looks at the land of milk and honey and sees only calories and cholesterol. The Jewelry Man looks at the land of milk and honey and sees opportunities to flood the market with jewelry. The Jewelry Man.called son cause he shines like one.

In "Things are going so bad, I'm almost ready to take a dirt nap" news, the big homey Marion "Suge" Knight skipped another court-ordered appearance at a hearing about his assets Saturday, setting the stage for courts to take control of his Death Row Records label.

Oh really EbenGregory, tell me more.

Here's the short version: Knight has missed several hearings in a legal battle since he lost a $107 million judgment last year to Lydia Harris, a former associate who claimed she helped start the rap record empire with her former husband, Michael Harris. Michael Harris, an imprisoned drug dealer, says he put up $1.5 million to help start the record label -- an assertion Knight has repeatedly denied.

Because he's been playing games, a judge last month ordered the record company into receivership, which hinged on Knight's appearance at Saturday's hearing.

Here's Steve Goldberg, attorney for Michael Harris, to EbenGregory on what happens next: A court-appointed "receiver" would take control of all assets of Death Row Records, including a music library containing the records of such artists as Tupac Shakur, Snoop Dog and Dr. Dre. He's had his last chance as far as we're concerned. A hearing was set for tomorrow to finalize the receivership and address the contempt request. We are going to ask the receiver to take ownership of the music library and auction it off. This could be a death sentence for Death Row Records.

Oh really? I bet Knight's attorney has something to say about that right EbenGregory?

Yes.

Here's Suge Knight's attorney, Dermot Givens, to EbenGregory on what happens next: We try our cases in the court and not in the press.

Nice comeback Mr. Givens, I see why your case is going so well. And speaking of dirty laundry.

Here's some jewelry being dropped by EbenGregory on Death Row possibly going into receivership and having it's assets sol off: The trouble is, by the time you have money to burn, the fire has gone out.

The Jewelry Man.not letting the fire go out.

Click here to Watch EbenGregory - Death Row Goes Into Receivership