The Single-Track Plot Thickens

mrG — Tue, 04 Nov 2003 08:36:06 -0500

Just an update on the progress here: We've had several "very interested" letters from potential partner-investors, all of them saying they'd be 'in' if the risk of bankruptcy trustees is removed (with a few other rules I'll post later), and I had a chat with Revenue Canada today, on a tip about their Fairness Provision from fellow blogger BMO (don't you just love social knowledge management!), and they say they are willing to negotiate provided we can assure them of a pretty paultry payment plan, they may even roll back $9000 in interest charges (see IC92-2); MBNA has also stepped forward to offer matching allowances for any amounts we can pay against their cards.

So we're converging on a chicken and egg situation where our initial risk vanishes if we have cash to flow, and the cash is set to slap the face of the RIAA providing this initial risk will vanish.

I'll keep you all posted, you can be sure of that.

TeledyN - The Single-Track Plot Thickens - Comments

The Single-Track Plot Thickens