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-   -   APBA Bod Who's in charge? (https://www.offshoreonly.com/forums/general-boating-discussion/49655-apba-bod-whos-charge.html)

T2x 05-13-2003 04:02 PM

So....if I'm doing the math right

LLC owes APBA $31,000 plus $49,000 = $80,000 overall.

APBA owes LLC $22,000 AFTER the above is paid.

Therefore $80,000 minus $22,000= $58,000 needed by LLC to fulfill obligation.

Is that the gist of the financial issue?

T2x

tachyon 05-13-2003 04:06 PM

I come up with $58k as well...if it were only about $$$...

GrinandBarrett 05-13-2003 04:16 PM


Originally posted by T2x
So....if I'm doing the math right

LLC owes APBA $31,000 plus $49,000 = $80,000 overall.

APBA owes LLC $22,000 AFTER the above is paid.

Therefore $80,000 minus $22,000= $58,000 needed by LLC to fulfill obligation.

Is that the gist of the financial issue?

T2x

That doesn't include any memberships taken since the worlds 2002. Since then not even the membership applications have been sent to Detroit.

Grin

T2x 05-13-2003 05:30 PM

Well then.........

It's enough to beg the question again...........

Is this about principle...........?

Or lack of funds.............?

You picks your answer and you backs your horse...................

Pretty simple after all...........Eh?

T2x

Hauling Trash 05-13-2003 05:36 PM

NIce job....T2x


Mike

T2x 05-13-2003 05:39 PM


Originally posted by Runaway
NIce job....T2x


Mike

Thank you Mr. Merola.

C_Spray 05-13-2003 07:16 PM


Originally posted by T2x
....Therefore $80,000 minus $22,000= $58,000 needed by LLC to fulfill obligation.

Is that the gist of the financial issue?

T2x

That's a small part of the gist.

Wasn't there something in another thread about roughly half a million that APBA Detroit overcharged/withheld from the LLC?

Sort of shifts the balance a little.

Plus I don't understand the "inaction on the by-laws" excuse. That's like me telling the bank that I don't owe them on my mortgage anymore because I had my fingers crossed when I signed the paperwork.

Hotfoot 05-13-2003 07:20 PM


Originally posted by T2x
Well then.........

It's enough to beg the question again...........

Is this about principle...........?

Or lack of funds.............?

You picks your answer and you backs your horse...................

Pretty simple after all...........Eh?

T

2x

Why not ask the two LAWYERS, Mike A. and Lee M. About lack of funds I bet there pockets are well butter'ed!!

Moisture-Missil 05-13-2003 07:35 PM

WELLLLLLLLLLLLLLLL??????????

Moisture-Missil 05-13-2003 07:41 PM

Well I'm a new comer here , but when lawyers are involved ----------it can't be good.


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