Re: PAM and lawyer

["Villa Sunscape" <davidlass@villasunscape.com>]

I agree, but I think we should give him some kind of time frame by which we
think we will be ready to cut a deal with him.
Lass
----- Original Message -----
From: Robert P. Cashin <rcashin@juno.com>
To: <aga-mcm@thekrib.com>
Sent: Wednesday, November 03, 1999 9:55 AM
Subject: Re: PAM and lawyer


> 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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