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Homechevron_right Emailchevron_right Re: im not involved /
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Re: im not involved /

9 messages picture_as_pdf Source PDF
J
jeffrey E. Apr 7, 2018 7:53 AM
To
Stephen Hanson

I suggest you concentrate on getting the hotel sold. no more no less. plenty of time afterwards to do forensics on what and why. you and david for the moment are aligned in that one goal. fighting over who sent what and why is silly at the moment for you both.

J
jeffrey E. Apr 7, 2018 8:14 AM
To
Stephen Hanson

I believe that you have asked for an audit. David has asked for an accounting of where money transferred to the restaurant has gone. time waste at the moment. SELLING the only thing. i think. BTC rules changes 2 months ago. I ye asked david to make a hardship claim. lets see.

J
jeffrey E. Apr 7, 2018 8:38 AM
To
Stephen Hanson

one potential said that it appears the restaurant monies have no oversight, and have been threatened with you quitting repeatedly. I really want to stay out as both of you are friends. and no matter what will always be. I have ignored the valuation guys questions. as they are too provocative. the benefit of spending over 600k. since dec. nothing to show for it.. 200k per month of revenue - half of projections not off 10 , 20 or 30 percent. but 50. you told me you would know in two weeks from opening whether it would work. ? its been three months. I only wish you guys well. even today alans numbers do not tell me what breakeven is. even before rent. I only see numbers. and dont pay much attention to gossip.

J
jeffrey E. Apr 7, 2018 8:51 AM
To
Stephen Hanson

i am fully on your team. fully. I was never told that there were 23 people are your team in this deal as i was guaranteeing david to help protect YOU. I asked not to have howie make silly demands. I have been doing my best listening to buyers questions. tom is the best hotel person. plenty of questions. super bad projections super bad due diligence. super bad record keeping. no oversight. no cash flow numbers. etc etc etc. I just dont have the patience to see so many funky numbers. its not what i do well. this is biz not health so hardly a tragedy. in my view.

J
jeffrey E. Apr 7, 2018 1:11 PM
To
Stephen Hanson

the cash and expenses are and have been under our total control. total. you guys chose to open with the idea that it would increase the room rate. 500k spent would not be made up for a year at best even if you were right. all no real numbers. I am at the elysee with the finance minister. their numbers are clearer for the country than yours and davids are for a hotel.

S
Stephen Hanson Apr 7, 2018 2:04 PM
To
jeffrey E.

There is zero communication on what's going on with sale - like to help but have zero ability

S
Stephen Hanson Apr 7, 2018 2:31 PM
To
jeffrey E.

FYI the partners have asked for a audit

S
Stephen Hanson Apr 7, 2018 2:42 PM
To
jeffrey E.

Threading to quit - I have said we are out of money and need to close what do you do when your out of money

S
Stephen Hanson Apr 7, 2018 3:02 PM
To
jeffrey E.

Jeffery this is the restaurant business 80% failure rate Weather is a big factor And there is never a guarantee that the Restaurant will be successful - even with great reviews But it was conceived to be for a 4 star hotel with rates $100 higher then we are getting That person is a entirely different guest - different spend At my cost I'm trying to keep it open for another weeks - see if weather will corroborate and see if the restaurant can make it - we are out of cash -

1419 files from the DOJ Epstein case media release. All files are public records from justice.gov.

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