Why Dame Dash’s Company Really Sold for $100 and Why No One Even Tried to Outbid
At first glance, it makes zero sense.
Why would Dame Dash’s production company, which owns films starring Cam’ron and Stacey Dash, sell at public auction for just $100? Why didn’t anyone show up and at least bid $1,000 or $10,000?
The answer comes down to one thing: a massive lien that scared off every real buyer.
Media Take Out spoke with a prominent bankruptcy attorney who broke it down step by step.
The $973,000 Problem
The winning bidder, Mike Muntaser, already held a $973,000 lien against Dame Dash’s production company, Poppington LLC. That lien came from defamation lawsuits Dash lost.
That single fact changed everything.
Because Muntaser was already owed nearly $1 million, any money raised at auction would go straight to him. Not to Dame Dash.
Why Muntaser Could Outbid Anyone Without Spending Cash
Here is the key part most people missed.
If a random buyer showed up and bid $10,000, Muntaser could simply bid $10,100.
And here is the kicker.
Muntaser would not have to pay real money out of pocket. The auction proceeds were already owed to him because of his lien. So bidding higher cost him nothing.
Meanwhile, any outside buyer would have to put up actual cash, knowing they would immediately be outbid by someone who had no financial downside.
Why No One Even Tried
The attorney explained it simply.
“To win that auction, you would have had to bid more than the lien. That means more than $973,000.”
Once potential buyers realized that, there was no incentive to participate. No one is going to waste time bidding $20,000, $50,000, or even $200,000 when they know another bidder will instantly top them without blinking.
So buyers stayed home.
The Result
With no competition, the auction defaulted to the starting bid, which was just $100.
Muntaser won the company for $100.50, secured assets tied to his existing claim, and everyone else walked away.
The Bottom Line
This was not about the company being worthless.
It was about math, leverage, and legal positioning.
Once a lien that large exists, it effectively freezes out the market. The auction was public, but the outcome was practically predetermined.
That is how a production company with real films and recognizable names ended up selling for the price of dinner.