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The Court: So was he -- in order -- I take it that it
was the corporation that was being bonded and he was
guaranteeing the bond?
The Witness: I guess. Isn’t that -- well, I can’t
talk to him, I guess, but I believe, you know, it is
the old story when you got such a closely-held
corporation, it is all one entity, almost.
The Court: Let me ask you, do you have any -- do you
have the financial statement that you have just
mentioned? That is, is it part of Mr. Petar’s records?
The Witness: No.
The Court: What happened to it? It just would be --
The Witness: I might have it somewhere. I think the
reason we don’t have this is because we really -- as I
say, this note in the beginning is not something that
we were really aware of.
The Court: When you say you weren’t aware of it?
The Witness: Aware of why -- we weren’t aware of the
reason, that this note would become so important. This
note just happened because of certain things that
happened, okay?
The Court: So you are saying that --
The Witness: Our timing was good, I am
saying.
* * * * * * *
The Court: But we -- you don’t actually have the
documentation that would support and describe the
circumstances surrounding that other situation?
The Witness: No, Your Honor.
The Court: That is, correspondence with the bonding
company?
The Witness: No, I have nothing on that.
The Court: Okay. Have you asked Mr. Petar whether he
has anything of that sort?
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Last modified: May 25, 2011