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berettafan berettafan is online now
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Join Date: Feb 2006
Location: Maryland
Posts: 22,170
btw, is there enough cash in the entity to cover the projected losses?

if so was it contributed in proportion to your ownership of the entity?

Is there debt? Who signed for it?

Have you been in touch with the customers and their banks? Any issues brewing re. draws vs. completion?

Whose money will cover punch list stuff after settlement?

It seems you've resigned yourself to the fact that you took on ALL the risk and less than all of the upside potential HOWEVER my concern is have you accurately evaluated the potential loss.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
Old 03-27-2009, 04:09 AM
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