Jeff Jassby Vs Leverage Polish LLC, Donnie And Natasha Fulmer
11-24-2010, 06:02 PM
#61
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Does this mean we shouldn't buy this product? It seems like a businessman to businessman venture that went bad, not a consumer issue.
11-24-2010, 07:29 PM
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Product is still great Cig!
It's still the same product that's taken me close to a decade to develop. I just ask that you purchase from a dealer and not JJ, but it looks like he's out of inventory anyway.
Doller is close to you.
I'm still here to help and answer questions concerning Leverage as always, so if you need anything please post on the "How I use Leverage" thread in the Paint/Fiberglass section.
Thanks.
It's still the same product that's taken me close to a decade to develop. I just ask that you purchase from a dealer and not JJ, but it looks like he's out of inventory anyway.
Doller is close to you.
I'm still here to help and answer questions concerning Leverage as always, so if you need anything please post on the "How I use Leverage" thread in the Paint/Fiberglass section.
Thanks.
Last edited by marineclean; 11-26-2010 at 11:49 PM.
11-24-2010, 07:44 PM
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legal
Last edited by marineclean; 11-26-2010 at 11:49 PM.
11-24-2010, 07:44 PM
#65
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Product is still great Cig!
It's still the same product that's taken me close to a decade to develop. I just ask that you purchase from a dealer and not JJ, but it looks like he's out of inventory anyway.
Doller is close to you.
I'm still here to help and answer questions concerning Leverage as always, so if you need anything please post on the "How I use Leverage" thread in the Paint/Fiberglass section.
Thanks.
It's still the same product that's taken me close to a decade to develop. I just ask that you purchase from a dealer and not JJ, but it looks like he's out of inventory anyway.
Doller is close to you.
I'm still here to help and answer questions concerning Leverage as always, so if you need anything please post on the "How I use Leverage" thread in the Paint/Fiberglass section.
Thanks.
11-24-2010, 07:51 PM
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I'm out as well except for the half used ones. Jim at Top Notch seems to be hoarding. lol
Let Mindi know though. She is usually good about keeping stocked.
As always, let me know...
11-24-2010, 07:58 PM
#68
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Perhaps some of the people that Jeff supposedly sold to direct could speak up.
11-24-2010, 08:23 PM
#69
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Hate to see all this happening hope all gets worked out and everyone wins. I don't know Jeff personaly but have never heard anything bad either sounds like a straight up guy. I have met and hung out with Donnie and know he will go out of his way for you. Just my .02
11-24-2010, 10:16 PM
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Looks like Jeff has an unsecured loan to the Leverege LLC. I don't see any personal guarantees posted nor do I see personal signatures on the notes so I doubt they have any personal obligation unless there are other documents. On small businesses you should always require personal guarantees from any 20% or more owner.
Also the signatures were not witnessed on the note which is another technical issue.
Without the corporate resolution, operating agreement and or bylaws you can't tell if it's even a valid note based on who is allowed to bind the LLC.
So, I'd suspect $12K is a good start to litigate the liability and in the end Judgements are easy to get and hard to collect. A bankruptcy would likely wipe out any unsecured creditor unless fraud is involved. Simply not being able or unwilling to repay a debt does not constitute fraud.
In the end it would probably be cheaper for both parties if would settle it, although it looks like it's past that point. Also will be an expensive education.
Also the signatures were not witnessed on the note which is another technical issue.
Without the corporate resolution, operating agreement and or bylaws you can't tell if it's even a valid note based on who is allowed to bind the LLC.
So, I'd suspect $12K is a good start to litigate the liability and in the end Judgements are easy to get and hard to collect. A bankruptcy would likely wipe out any unsecured creditor unless fraud is involved. Simply not being able or unwilling to repay a debt does not constitute fraud.
In the end it would probably be cheaper for both parties if would settle it, although it looks like it's past that point. Also will be an expensive education.
Last edited by Von Bongo; 11-25-2010 at 08:49 AM.
