Re:

The first report today came in, they said that separate from your salary of 150. The biz averaged 100k per year over the past three years. Most of the billing was guessed to be yours. I wanted to tell you as soon as I had their valuation, which was no more than 400k. The rent going up, capital needed for improvements, etc. and the billings from one practitioner predominately made valuation difficult. The suggestion was that Karyna buy 50 percent of the biz now for approx 200, and then 2 to three years later buy the remaining on a formula basis. 2 times net income, or something like it. You would keep your salary as is along the way.

Hi,

Thanks for putting forth some numbers. As you might presume these numbers are far less than I would have wished for. I will have to consider this but my immediate reaction is that I cannot accept the offer.

Donald