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The Ric Williams Primer; is Ric Full of Shit?

> Willie D on questions some recent comments made by Ric Williams of Black Widoe

Wille D writes: This guy sounds his mouth off a lot for non-talent. Some of his recent claims :

1. Black Widow Talent

Quote: I am also a partner in Black Widow Talent which has only been in business 7 months and is one of only four state licensed and bonded talent agencies in the adult business. Black Widow Talent is growing very nicely.

Reality: You have a porn-only agency of 15 whores, the majority of whom don’t do anal, many of which are g/g only or only work with “specifed talent.” Not to mention at least 3 of those whores need to be beaten with a stick of methadone. You’re booking talent for low-cost scenes, therefore your commissions are also going to be low. And as to your “adult-to-mainstream” website, looks like that has been “ready to launch” since July 2006. BTW, does your poster child for this experiment Stormy show up in your agency anymore? Lexi Lamour gets a pass…that is one strokeable whore.

2. Black Widow Distribution

Quote: Black Widow Productions, LLC and myself are not in bankruptcy. We are liquidating the company and as a LLC there is no personal liability to any of the members of the company. Do I have a new, but I do have a new Lexus. My personal wealth has nothing to do with the companies that I invest in or devote my time to.

Reality: If you really believe this then you don’t have an MBA. LLCs are vehicles of tax convenience where owners can distribute equity to themselves tax-free. Maybe you can show us your K-1 schedules. If you had the scratch to buy a Lexus or any car, it came either from your officer compensation or your K-1 distributions. Competent bankers knows that business owners either hold equity in their businesses or personally. People who drain their businesses of equity to withstand downturns in revenue are more likely to do things like buying assets that depreciate 25% on the day the engine starts.

3. I’m not in bankruptcy

Quote: By the way, Black Widow Productions, LLC and myself are not in bankruptcy.

Reality: And newsflash, selling your company assets to pay off your creditors is Chapter 7 BK in a different name. That is excactly what would happen if you did file BK7, the only difference is that your creditors would get screwed by a federal bankruptcy judge through you, instead of directly by you. And your credit might, just might, continue to reflect that no BK appeared on your watch.

4. I’m from big business

Quote: I have an MBA and attended 2 years of law school and have run divisions of Fortune 500 companies. In business when a company is a pig, you dump it.

Reality: Please name me any corporate mid-manager other than yourself who sunk down to being a porn agent. Not a whore like Shy Love (she was integral to the success of 1-800-PedMeds, y’know). A director like Jim Powers. But lower. At what companies did you manage? The broadband trading division at Enron? Slunking down into porn is not a nom de plume. And whatever MBA school accepted you surely doesn’t want you to come to their reunions. BTW, your statement does not apply to most porn companies, which would be classified as “small businesses” by the SBA. If you own your own small business, you fight for it tooth and nail, you don’t just shed it like some unknown division of Immelt’s comglomerate. Christ, to his credit, Chico T is moving up in the world.

Sorry, dude, you suffer from some serious delusions of grandeur. Quit talking and start earning.


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