Re: PAM and lawyer

["Robert P. Cashin" <rcashin@juno.com>]

Hi David & MC,

        Regarding the not for profit status, we will be going for it. The
problem that I see is that we have to have some decisions about our
method of operation decided and we aren't there yet.

        Regarding an attorney, I agree completely. I am going to copy the MC on
this reply because it is something else we have to decide on ASAP.

        I just saw Erik's latest communique and have to say, I agree with a
whole lot of it. Because of it, I am not giving you a decision on going
ahead with the negotiations until I hear from the rest of the MC. ( See
below )

        I want to remind everybody that I suggested we list all the things we
can/should be doing and then prioritize them. If we had taken this
approach, I think we would have found out that the single most important
item was coming to a conclusion about how we are going to operate the
AGA. With that decided, we can establish bylaws and once they are in
hand, we have the basis for an application for tax exempt status. The
rest flows from there. I think that in retrospect, the decision to jump
into the PAM negotiation was premature.

        Therefore, I am suggesting that we tell Gomberg, no , we are not ready
to participate in PAM because we simply don't have our act together yet.
When we do have it together, we can revisit the issue if it is still
alive. Please indicate your ideas on this subject ASAP.

                                        Thanks, Bob.

On Tue, 2 Nov 1999 15:44:22 -0500 "Villa Sunscape"
<davidlass@villasunscape.com> writes:
>Hi Bob -- 
>From the grapevine I hear that I may be offered the position of 
>negotiator for the AGA in our dealing with Gomberg and PAM. That is 
>fine with me. I have started a number of businesses, including one 
>that I am in the midst of right now, and I have a pretty good feeling 
>for what is needed.
>I think that two things really have to be resolved before we embark on 
>the PAM venture.
>1) AGA needs to have an attorney to represent us and look over the 
>paperwork for the PAM deal.
>2) AGA needs to decide if we are going to be a 401.c.3 not for profit 
>corporation or what. My bank is even giving me a runaround on the 
>MC/Visa because they do not know what kind of an entity we are? We 
>really need to decide.
>What are your thoughts on the above. Look forward to hearing from you.
>Kind regards,
>Lass

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