"Ovo offered to pay off the 5 year loan after 1 year and as a result are refusing to pay the “make whole fee” that these contracts typically have.

A.R.I. doesn’t want to lose the additional 4 years of interest lost from allowing the loan to be paid off early, so they want their “make whole fee”.

They aren’t being sued because they can’t pay off the loan lmao.

Ik this sub is extremely Anti-drake, but at least understand what you’re trying to crap on before commenting on it lmao.

These contracts basically always include that fee, so you can say that OVO is in the wrong, but it’s not like they’re not offering some solution.

Realistically, both parties will just meet in the middle and OVO will either give up equity or pay some portion of the fee."

According to financial information referenced in the filed complaint, OVO generated approximately $72 million in revenue during 2024 and nearly $400 million in cumulative revenue between 2019 and 2024.

aubrey's attorney is a bit busy at the moment

Op didn’t read he just saw a beef opportunity

OVO is being sued for loan payment defaults no matter how you try and spin it

Why is this post in quotation marks?

I thought of you too

this how vancouverites moving huh

OP is mentally ill

because i copy pasted it

For sharing news?

*can't read

Niggas will conflate this as missing rent payments that your favorite rappers are guilty. Convertible notes are light years ahead of the opps. They’ll think this is a car payment.

That information about them paying back $5M is literally in the OP. The title of this thread is the same title of the article on the legal website. Whatever conclusion you're drawing about my interpretation of it is imaginary

I feel like if Vietbrah makes the thread and it gets pinned in Drake sxn we can probably raise the money for them

thats how quoting stuff works usually

Oh here we go 😂😂😂

op been late on his internet bill for 3 months straight and had to make this thread at his local library

No cap artists should have to take a debt counseling course after they sign their first deal cause this happens to much where an artist gets big way too fast but doesn’t know how to manage the money that comes with it

No s***

I'm asking that because nobody ITT said that and I haven't seen this discussed anywhere else online yet, so I was wondering who he was quoting

It's been 4 months late get it right

no one gonna discuss this online bc its not a big deal lmao, lenders sue to collect all the time

I've seen rappers involved with less important things get discussed all the time

my fault og