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Burt [Kanter] and I have gotten our thoughts together
and reviewed all of our records regarding the time that
we have spent from inception of our conversations
through October 31, 1984.
The enclosed bill for $6,000 represents the dollar
reflection of the time involved. We have addressed
this bill to City & Suburban Distributors, Inc. and I
presume that this is the correct entity.
If for some reason you would prefer this charge billed
to a different company, please let me know.
The referenced bill indicates that the $6,000 charge was for
special tax and consulting services. A second letter to
Geocaris, dated December 26, 1984, describes the work performed
as overall financial planning, consideration of leveraged debt
financing, considerations and evaluation of debt financing
coupled with additional equity, review and identification of
sources of bank financing, conference with lenders, review
identification of potential equity sources, and various meetings
and updates with Angelo and John Geocaris.
Century Industries issued an invoice dated February 24,
1986, to Bayshore Marina, Ltd., for $50,000 for various
consulting services rendered from 1983 through 1985.
From 1983 through 1986, Kanter and Weisgal received the
following guaranteed payments from Century Industries:
Year Kanter Weisgal
1983 $2,000 $2,000
1984 12,000 --
1985 7,500 --
1986 6,000 6,000
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