Damon Dash’s film production company was auctioned off for a mere $100 on Tuesday as part of efforts to settle a $1 million defamation judgment against him.
In what seemed like a last-ditch effort to raise the funds, only one bidder appeared, securing Popington LLC—the company behind Dash’s notable film “Honor Up”—for just $100.50.
Mike Muntasar, the CEO of Muddy Water Motion Pictures, the winning bidder, didn’t hold back his feelings. “I think he’s an idiot,” he remarked, noting that they are seeking nearly $973,000 due to Dash’s various legal issues.
Dash filed for bankruptcy in September, admitting he only had a few thousand dollars available, while also grappling with about $25 million in debts, including taxes and child support.
Among the debts, $5 million stems from outstanding civil lawsuits with claims against Dash.
Dash has previously faced potential jail time for not paying civil obligations, and Muntasar suggested that his bankruptcy filing was a tactic to evade payments.
The production company includes the rights to “Honor Up,” which features Dash alongside Cam’ron and Stacey Dash, remembered for her role in the 90s film “Clueless.”
Dash also owns other titles such as “Too Honorable,” the documentary “Welcome to Blakroc,” and the personal project “We Went To China: Our Search For Like Minded Individuals.”
Attorney Chris Brown had anticipated that other bidders would come forward, perhaps offering hundreds of thousands, but it just didn’t happen.
“This shows how people perceive Dash’s work compared to others,” he stated, mentioning how Cam’ron previously critiqued “Honor Up” on social media, labeling it “wack.”
The sentiment seemed to reflect broader disinterest, as Brown remarked, “Well, nobody cares that you went to China, Mr. Dash. I don’t know what to make of that.”
Muntasar referred to the purchase as a “jab” at Dash. He accused Dash of not resolving conflicts amicably and dragging out legal battles for years.
“He’s just a problem,” Muntasar stated, characterizing Dash as someone who can’t accept responsibility for his situation.
In fact, Muntasar and filmmaker Josh Weber have already secured two defamation victories against Dash and recently filed a third lawsuit, ignited by Dash’s comments following an interview on “The Breakfast Club.”
Brown emphasized the benefits of Dash’s continued remarks, saying, “Frankly, the last thing I want is for him to stop talking about my clients.” It’s an ongoing cycle of disputes.
Muntasar pondered about Dash’s current position, questioning why, despite past successes with figures like Jay-Z, he seems to struggle now. “May God guide him,” he concluded.
