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Fact #170668

When:

Short story:

In New York City, USA, The Jimi Hendrix Experience sign legal documents relating to the PPX court action, and others transferring financial control from Yameta to co-managers Chas Chandler And Mike Jeffery.

Full article:

Noel Redding (bassist, JHE) : All the money from the early days went to this company (Yameta) in the Bahamas, which was owned by another company called Caicos Trust, which was in the care of the Bank Of Nova Scotia, and in care of whoever. It's impossible to find out about these little offshore companies. They're just places where people send money, and then it disappears.

Mitch Mitchell :The early royalties we made apparently went into Yameta, but there are no detailed financial records and, for damn sure, I never saw anything from Yameta.
(Source : not known)