SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Perils and Pitfalls of Investing With "Friends"
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SI Bob who wrote (90)10/27/2004 5:00:57 PM
From: Intrepid1  Read Replies (4) of 377
 
Bob you must shut down this thread. I have definitive proof that TLC was never out to con anybody. Any suggestion otherwise is libel. I have also alerted TLC to this thread. Up until one hour ago he was unaware of its existence.

The following is an excerpt from an e-mail TLC sent me on March 26, 2003. At the time we were discussing the financing and business structure of a new entity intended to hold the various websites TLC had developed.

Another factor: Michal Daniel owns 25% of Market Spirit. He paid 30 grand for it. I want to work out a way to give him back twice that. I do NOT want him to have to wait until some stock he gets is worth 60 grand. I would prefer to just buy him out for 30 grand cash and some restricted stock that might be worth 30 grand in two years or whatever. Doesn’t require any restructuring of ownership or anything, does not require some sort of penalty to me or xxx or anyone else, right? Just raise the dough and pay Michal. I also owe about 8 other people about ten grand, about a grand each. Bill U from SI, V K, Augie Doggie , the Company owes them all a grand or more. These are people that invested in Market Spirit before it was a small part of the bigger deal.

The facts speak for themselves.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News