November 30, 2007

Paul tells us that a large sum of cash is in route to his accounts in New Zealand...and yet, here it is on July 31, 2008 and we have not settled these deals. What happened to the cash, Paul???

I do not know how when I speak English.. and advise simple information that this looses what I have to say when it gets translated into American. So to avoid any further translation issues I am stating how it is as simply as possible.FACTS.1. At this point in time there is a "HUGE" sum of money on its way form the bank / trust in Zurich to my accounts down here.. (this is for the two deals in America - Amendola and "the Heights" as well as a very large project that my company is involved with in China2. These funds are NOT yet cleared into my accounts.. 3. The bank / bankers and authorities are doing what they can to expedite this clearance. 4. Upon this clearance taking place - I will transfer into my lawyers account such funds as are necessary to settle both of your clients requirements. ( As advised to Sarah.. once this has happened I will call and confirm that the funds are now in my (and / or) his account.)5. Once these funds are in his account he (my lawyer) will contact Patrick to effect settlements and closing and then transfer such settlement to Patrick directly from HIS Trust account to such accounts as confirmed directly between Patrick and my lawyer.6. Copies of all of the settlements (including the fees applicable to Sarah - which will be transferred directly to her accounts) will be forwarded to Patrick for his handling and respective advices to the various parties.SUMMARY.It is known that the clients and all concerned in this have had a rough ride.. and for some of that I apologise (even though the delays are out of my control) it is hard when we are waiting for events to unfold to understand the processes and timing of events.. However as I stated to Sarah a few minutes ago.. while she is dealing with people wanting to finish their projects.. I have a Government wanting to finalise matters on this project prior to the 12 December and they are pushing considerably harder (and the penalties for not closing are extreme) so believe me when I say that I also understand the frustrations.Sincerely, Paul.