I NEED to clarify something in Gamers Nexus video about our arrangement with EKWB.

Summary

JS2 Sense addresses the financial controversy surrounding EK Water Blocks in a video response to Steve's documentary-style video. He clarifies his company's six-figure ad deal with EK, emphasizing the importance of prioritizing employee payments over his own. Despite only receiving a partial payment of $25,000, JS2 Sense expresses regret for not being aware of EK's financial mismanagement, suggesting he would have refunded the payment had he known. The video serves as a transparent clarification of his company's involvement and the payment received amidst EK's financial collapse.

Takeaways

• 📹 The video by JS2 Sense is a response to Steve's video about EK Water Blocks, addressing concerns and providing clarification on certain aspects.
• 👏 Steve's video is praised for its high quality and detailed investigation, likened to a Vice news documentary.
• 💼 The main focus of Steve's video was on the financial mismanagement of EK Water Blocks, a company that defaulted on loans and a tax bill as small as $88,000.
• 💬 JS2 Sense clarifies the nature of their deal with EK Water Blocks, which was a six-figure deal but not as described in Steve's video.
• 🤝 JS2 Sense was transparent about their contract, stating they were owed money but prioritized EK paying their employees first.
• 💸 The contract with EK Water Blocks was for $120,000, but due to non-payment, JS2 Sense canceled the contract and only received a partial payment of $25,000.
• 📉 The payment structure of the contract was to be in three installments: $60,000 upfront, then $40,000, and $20,000, but only the first was partially paid.
• 🚫 JS2 Sense decided to terminate the contract after not receiving payment and seeing that EK was not paying their employees.
• 💼 The video emphasizes the importance of transparency and the ethical dilemma faced by JS2 Sense in receiving payment while EK's employees were not paid.
• 🔍 The video serves as a clarification to the public and a response to the narrative presented in Steve's video, aiming to set the record straight on JS2 Sense's involvement.

Q & A

What was the main purpose of the video by JS2 Sense?

The main purpose of the video by JS2 Sense was to clarify certain aspects regarding the financial issues of EK Water Blocks, specifically in relation to a contract with his company and the payment situation.

How does JS2 Sense describe the video by Steve that he is responding to?

JS2 Sense describes Steve's video as superbly done, with a high level of detail, comparing it to a Vice news documentary.

What was the financial issue that led to EK Water Blocks' default according to the video?

The financial issue that led to EK Water Blocks' default was their inability to pay even a small tax bill of $88,000 in Texas, which resulted in the company becoming defunct and in default with the state.

What was the nature of the deal between JS2 Sense and EK Water Blocks?

The deal was an advertising contract worth $120,000 over a year, which was to be paid in three installments.

How did JS2 Sense react to the situation with EK Water Blocks' financial troubles?

JS2 Sense publicly stated that he did not want to be paid the remainder of the contract until EK had first taken care of its employees and staff.

What was the payment structure of the contract between JS2 Sense and EK Water Blocks?

The payment structure was supposed to be $60,000 upfront, followed by two more payments of $40,000 and $20,000, totaling $120,000.

How much of the contract payment did JS2 Sense actually receive?

JS2 Sense received $25,000, which was half of the first installment that was due, considering they had terminated the contract and decided not to fulfill the remaining obligations.

What was the role of marketing development funds (MDF) in the contract?

$20,000 of the contract amount was supposed to come from marketing development funds provided by brands like Intel, AMD, or Nvidia, which EK could use for marketing purposes.

Why did JS2 Sense decide to terminate the contract with EK Water Blocks?

JS2 Sense decided to terminate the contract because EK Water Blocks had not paid the first installment as agreed and were showing signs of financial instability, including not paying their employees.

What was JS2 Sense's stance on receiving payment after learning about EK Water Blocks' financial issues?

JS2 Sense expressed that had he known about EK Water Blocks' financial issues and their inability to pay employees, he would have considered refunding the payment received.

How did JS2 Sense address the public's perception of his role in the EK Water Blocks situation?

JS2 Sense clarified the details of the financial transaction and his company's actions in a video to ensure transparency and to correct any misunderstandings about his involvement.