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92Likes

08-12-2022, 02:09 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
If you and your consortium can honestly and truthfully come up with something more than just a token insult of an offer, say $20k or more, then have your lawyers throw together a quick tender offer like letter and have them put it on their letterhead and have it delivered by courier to him at his home. I guaranty he'll read it. No one doesn't read a letter from a law firm that gets delivered by courier to their home. Then he'll either say "yes, no or maybe" and the game is on... or off, but at least you'll know. There you have it, and remember, "Fortune favors the bold." 
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$20,000? How did you pick that number out of your behind?
You, LeBron and Matt Damon must be big Crypto.com investors. 
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08-12-2022, 02:25 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by RodKnock
$20,000? How did you pick that number out of your behind?
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Yep, exactly. That's basically my nuisance number. Anything below that I view as being nothing but a nuisance even if it's the true value of something. 
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08-12-2022, 03:00 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
Yep, exactly. That's basically my nuisance number. Anything below that I view as being nothing but a nuisance even if it's the true value of something. 
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So, $19,000 is a nuisance?
Without seeing a balance sheet, income statement, bank statements and tax returns, etc. for the business, $20K could be laughed off by Brent as being an insult or instantly snapped up by him.
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08-12-2022, 03:04 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by RodKnock
$20K could be laughed off by Brent as being an insult or instantly snapped up by him.
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I agree completely. But if he counters at $200k then they can take that next step. OTOH if he says "deal" then $20k is basically sofa-cushion money if you want the site. Even if the site throws off less than a grand NOI. 
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08-12-2022, 09:02 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
I agree completely. But if he counters at $200k then they can take that next step. OTOH if he says "deal" then $20k is basically sofa-cushion money if you want the site. Even if the site throws off less than a grand NOI. 
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A day's worth of work for you, but not everyone bills out at $2,000/hour like you do.
BTW, who was that old CC member with an 427 ERA, sold many years ago, who used to bust your a$$ here and coined the suage of you going to some bar. What kinda bar was he pulling your chain with?
Last edited by RodKnock; 08-12-2022 at 09:05 PM..
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08-13-2022, 05:51 AM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by RodKnock
BTW, who was that old CC member with an 427 ERA, sold many years ago, who used to bust your a$$ here...
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That was ERAChas and the oyster bar. I was thinking about him just the other day. I still miss him. 
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08-13-2022, 06:25 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
That was ERAChas and the oyster bar. I was thinking about him just the other day. I still miss him. 
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The oyster bar. That's it. I still get a kick out of that one.
Ya, from time to time, I think about him too. I wonder if he's still with us. I believe he or a family member was not doing well and probably one of the reasons for the sale. Maybe it was his eyesite.
His ERA had real magnesium wheels and there was a time that I chased around for a set. Ah the good old days.
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