Thursday, July 31, 2008

More and More Promises...November 2007

Hi Gil, Here are the answers to the questions asked..
Client #1- will definitely sue Jackson, will probably sue me, Sarah, Matt, you and RC Marketing. In all these, the damages would be easy to assess (loss of opportunity costs, i.e.- profits derived from the project, along with their earnest money, paid fees, and all other costs and expenses) at all times we have been told that they needed to be funded by the end of the month.. and everything is still scheduled for that to happen. Despite the amount of time that it took for Matthew Jackson to get back to us with the details. some aspects of these files have NEVER been answered but in order to achieve the funding in the required time we have shelved the unanswerd questions and given instructions to the lawyer to go ahead ASAP. Remember also that they only asked for the additional 500,000 US dollars during the course of last week..
Client #2- I know #2 wants to sue Jackson, and they could easily sue all of us and, because it would be a suit on a written contract, they would automatically get attys fees, etc. and would undoubtedly win against all of us. Also, because I have been acting in the capacity of lawyer, they could file a grievance against me with the State of Texas Bar, whereupon I would get publicly reprimanded (which would ruin my legal reputation) or disbarred. the comments on the Amendola file are identical to this and as above the lawyers have been instructed and we still believe that they will have the proposed loan by the end of the month.. despite USA having "the Holiday.."
Client #3- if #3 project isnt funded by Monday the 26th, he will lose his $150K that he borrowed from an associate of his. The associate will likely go after #3 for this. If #3 wanted to, he could go after all of us for the earnest $ and lost opportunity costs. Also, since my law partner has been acting in the capacity of an attorney, his law license is on the line here also. Well "hello... so far we do not even have a signed agreement with this file .. let alone the client information nor any of the other information... or the fees ..so if he wants us to "pull a rabbit out of the hat" for him.. I am prepared to burn some midnight oil.. BUT I need the information. In other words, if these parties lose their projects, they will be able to successfully sue us for A LOT more than just the up front fees that have been charged thus far. I dont know about Virginia law, but in Texas, these people would be successful in any such lawsuits, which would potentially leave us all destitute and us losing our law licenses. So, the 3 questions I desperately need answered:
When will the Client #1 and #2 fund? I firmly believe that this will take place over the course of the next few days
Will Client #3's project fund before November 27th? not a show in "hades".. unless I get all of the requested information.
Can I have Tim the NY attorneys contact info and try to reach him myself? I could probably educate him in 10 mins on TX real estate law & could even do it via email- Tim is "out of State".. at present.. and I believe that he will not be back before "the holiday".. so is likely that we will use athe office in LA to settle this via the NZ lawyers office. Best regards, Paul.

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