--- In [email protected], "dsher4" <[EMAIL PROTECTED]> wrote:
>
>
> We have to be careful what we wish for here.
I certainly do not wish for MM to pull out.
>
> It becomes very difficult, virtually impossible to get funding for
> long term projects in this environment particularly ones that don't
> generate near term cash flow (asbury is a long tailed, long term
> cash flow play with big potential reward but bad near term
> economics).
You do not have to tell me.
> I wonder what the cotingency plan would be if MM backed out and cut
> its losses to focus elsewhere. This is probably a much more serious
> risk than most on this board perceive. Any thoughts?
The same that should have been done before they came in - wrest
control from Partners. It would be very bad for (AP) them to pull out
- however, I can't tell stories out of school, but, at times they act
like you should lay back and enjoy it - if you get my drift.
And it is a very real fact that not only can they pull out at any time
(thee is no agreement with MM) but that they can be forced to. They
can simply disappear in this economic environment. Who ever thought GM
my face extinction.
If that should unfortunately occur however, the only way we can ensure
to get what we should have is to take back the rights. And hoping that
it does not occur, it does not mean that would should be at the mercy
of MM. Certainly we should be reasonable in these economic times, but
that does not mean we lay down for eternity. They were acting this way
before the downturn.
What could we do if they walk? Keep their investment. SOmeone will be
happy to get it. If their investors pull back there is nothing we can
do about it.
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