EFTA00823560.pdf

From: Stephen Hanson To: "Jeffrey E." <[email protected]> Subject: Re: From david. Not sure what it means that you are walking away but... Date: Sun, 29 Apr 2018 10:58:41 +0000 Chef though of what he wanted to stay - he does not trust DAVID at all - that I know Sent from my iPad On Apr 29, 2018, at 6:38 AM, Jeffrey E. <[email protected]> wrote: I agree, you and david should sit down. I will try to make it happen. only one question did you have anything to do with the terms that your chefl presented. ? On Sat, Apr 28, 2018 at 9:28 PM Stephen Hanson < wrote: Jeffrey- This has to stop that these emails going through you I'm not going to respond after this last email that you can pass on DAVID can email me directly or go through his attorney but for many reasons I'm not communicating through you after tonight DAVID as the GP has a fiduciary responsibility to the business - I have sent over the last few months many emails addressing the dire condition the restaurant is in - Never to be fully addressed - again we have also not spoken in months I tried for months to address what is best for the business - never to be responded to It has gone past the point of no return I will positively be closing Henry by May 6 The LLC is bankrupt - it would cost between 200-300 to pay everyone their due money not to mention the $227 k I have personally lent the hotel starting as of 12/2016 and each month have sent a total expense report - repeatedly asking how and when I will be paid back - never to be answered Michael v has said he sent you a proposal to stay open for at least the next 4 weeks - so you will not have any down time - I have offered to have a priority loan up to $50k so the hotel is not putting out any cash at the start Also Leaving aprox $30 k in working inventory - Mark at gam can hire the 12 or so employees I hear mike v will keep on staff Cash flow will be the hotels We are both on the liquor license- so the license stays in full force- you will only likely need to buy liquor on COD as you will with most food vendors - but that should not be any issue at all - mike v will do all purchasing I would assume - and if loan is given will not be a cash issue You have at least 5 weeks to transition another operator which should be with out missing a beat I will be glad to have a meeting with DAVID on Monday to help answer any questions he has Still not addressed is the tco issue and bringing Gary z back on board to help with all needed TR reports - any actual updates EFTA00823560  Sent from my iPad On Apr 28, 2018, at 6:11 PM, jeffrey E. <[email protected]> wrote: What is best for the business is for the restaurant and the bar to continue as it is now - Liquor license stays under Hanson entity -Employees stay employed by current entity -All sales to be run through current entity -All sale taxes to be collected by current entity and be paid by same -All purchasing to be done by current entity There would be no difference to what is happening tonight or for the last few months The positive is that cash flow should be very significant as this is one of the busiest months of the year I personally would be very appreciative if this happen as it would give enough time to make an effective transition to another operator and have the flexibility in a transaction with that operator (new)to allow a sale to happen without being tied to an arrangement with that operator (new) thank you, David please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00823561