SailNet Community - View Single Post - Latts & Atts is GONE!
View Single Post
post #34 of Old 06-24-2012
smackdaddy
Last Man Standing
 
smackdaddy's Avatar
 
Join Date: Aug 2008
Posts: 14,479
Thanks: 150
Thanked 143 Times in 136 Posts
Rep Power: 9
     
Re: Latts & Atts is GONE!

Quote:
Originally Posted by Skip Wiley View Post
The thing is ... in addition to forcing half of the new ownership group out, Dolan didn't pay anybody anything. No mortgage payment. No payments at all.

BB never got paid for the sale and is looking at bankruptcy. Kim Paternoster (one of the two forced out after the purchase) lost all the money she invested. The printer didn't get paid. The company van's lease payments never got paid and it got repo'd. The Lost Soul's lease payments were never made and it got repo'd. The advertisers who actually bit on Doran's new requirement that they pay three months in advance (not an industry standard despite when he claimed, and I've made my career in publishing) are out three months' worth of cash. A lot of employees never got paid.

So, DJ, if you're reading this ... Where's the money? Where's the office equipment (and did you also take employees' personal items when you cleaned out the office equipment)? Where's the L&A intellectual property?
DJ - you might have missed one very important aspect of the whole M&A thing...



To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

S/V Dawn Treader - 1989 Hunter Legend 40
smackdaddy is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome