Re: more
I guess we'll have to agree to disagree.
On the DNI payments to me, I have nothing to ask, beca=se I never heard of it before your letter and have no idea what it is.
There are no further distributions. That was arr=nged with Bainco when it became clear to them and us that distributions to the family were almost exhausting the obligatory IRA withdrawals.
On the promissory note, it's up to you what intere=t you want to charge on the loan. The Trust is basically yours. If you want to leave it this way, that's your choice. We have nothin= to talk to Max about it.
We tried to rouse up David, but he never answered our phone calls or other messages, so we never got back in. We'll pro=ably spend a couple of days there later in August. Now we're off to Tu=son, then Uruguay for talks and various events with Mujica, then Brazil, back at the end of the month.
Follow-up to the letter below.
There is one matter that you have to decide. It has nothing to do with Max, or anyone else: How much interest do you want to charge on the loan from your trust?
We have to know this. We are supposed to be payi=g interest regularly, but Max has never informed us of how to do this, and it is accruing. Our own lawyer is trying to work out what should be done, but it all depends on your decision about the amount of interest we should be paying, and that is not clear because of obscurities in the promissory note.
We have to clear this up as soon as possible.
Hi,
The promissory note itself defines=the interest rate for the loan - our opinion doesn't hold any legal weight on this issue. If your lawyer doesn't think it's clear, would=she like to write to Max and explain the problem? We really don't see how w= can be of help on this. Since you set up this loan and its terms with the help of Max, who was your lawyer at the time, he's the one who will be able to clarify any doubts. We got involved only to try to explain because we thought you were misunderstanding the terms of the loan, based on what we learned about it.
If what you need is help calculati=g the amount owed based on the rules detailed in the note, Isabel Scharmer should be able to do that calculation easily, and we suggest you or your lawyer contact her.
We are more than willing to be inv=lved in these discussions, but we really need the experts present too because we just don't have the legal or financial know-how to give you the answ=rs you need without their support.
love, Avi, Diane and Harry
Noam wants to wri=e them again about the loan, since Noam thought that they were going to wa=ve not only the interests, but also the principal and again, received this=answer below.
It would probably =e a better idea if Kahn talks to Bainco and Max. Noam and I would pr=fer to protect you from exposing yourself.
i always try not to expose myself. . they cant=change interest they can simply take it and pay it right back, =AO lets set a meeting on the phone with them and rich