Hi Dave,
Let me just add, that in the past, when I have taken my shell co, and wanted to just do a simple addition, like adding another DBA, in which I now have 4 small co.s owned by the shell, I have gotten so angry at my attorney and CPA, these people can slow things down to a crawl, now keep in mind, it usually is in the companies best interest, but they sometimes overlook the fact that certain time frames, or I should say, certain window of opportunities elapse (different for each sector), because of seasonal sales tendencies.
Then from a legal standpoint, I was personally involved in a preferred stock acquisition for funding, there was one sentence, in the contract, that was a grey area, it took our attorney and the investors attorney, 6 months, to re-phrase one single line, that both parties were comfortable with. You see, sometimes, no matter how good the plan is, the legalities and the "open for litigious action" can really bog things down. I wont go into detail as to how arduous a task the legal end of any business venture can be, but I'm sure there may be someone with legal background on this thread, that might be able to shed a better light on it.
I want to finish with this, Try not to blame Ira and co. for delays in news releases, and time frames, believe me when I say, he would love for things to happen faster than we do, but I can guarantee, the contractual preperations can take 10-20 times longer than the negotiations. This I know to be a fact, as I have been there and have been frustrated more than you can imagine waiting for the bean counter and the (_________), to make it all so.
I hope this answered your question Dave.
PZ |
