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APBA Bod Who's in charge?

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Old 05-13-2003, 05:02 PM
  #21
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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?

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Old 05-13-2003, 05:06 PM
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I come up with $58k as well...if it were only about $$$...
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Old 05-13-2003, 05:16 PM
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Quote:
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.

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Old 05-13-2003, 06:30 PM
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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?

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Old 05-13-2003, 06:36 PM
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NIce job....T2x


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Old 05-13-2003, 06:39 PM
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Quote:
Originally posted by Runaway
NIce job....T2x


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Thank you Mr. Merola.
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Old 05-13-2003, 08:16 PM
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Quote:
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.
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Old 05-13-2003, 08:20 PM
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Quote:
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!!
 
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Old 05-13-2003, 08:35 PM
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WELLLLLLLLLLLLLLLL??????????
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Old 05-13-2003, 08:41 PM
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Well I'm a new comer here , but when lawyers are involved ----------it can't be good.
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