More FAMH deception/misinformation!!!
R. Murphey,
You said,
Ahhhhhhhh! What a difference 6 months makes. Does anyone else notice an ever so slight difference of fact? How many shoes are there left to drop?
April 17, 1998
"Per terms of the Acquisition Agreement, Firamada is scheduled to make an initial $1 million payment to the Internal Revenue Service's San Diego office next week. This payment will be followed by sixty (60) monthly installments of approximately $59,500. The aggregate of these payments will total $4.5 Million."
October 20, 1998
"Pertaining to the Myriad acquisition. Firamada cut a straight deal with the IRS for 4.5 million. No additional interest or penalties are accruing. There ia a balloon payment of around 3 million in June'99."
I'm wondering where the extra four(4)years went?
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Today, Freddie said,
Wink.....Just spoke with Randy. Firamada assumed Myriad's debt of 4.5 million. Firamada paid about $150,000 up front and the rest is paid in monthly installments of 60,000.
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Which is it?.....did they pay $1 million up front or $150,000?
I can tell you this.....60 payments X $59,500 adds up to $3.57 million at no interest!!!!!! This scenario would only work with a $1 million down payment.
With a $150,000 down payment, it would take 73.1 months to pay the remainder off at $59,500 per month at no interest!!
Whatever the down payment was, am I to believe that the IRS would let FAMH pay the balance off at no interest? Sure seems "funny" to me.
Will the real number(s) please stand up?
This may seem trivial to some of you but it isn't to me. I used to work with budgets of multiple billions of dollars and was used to always being able to balance to the same exact original number (to the dollar) by department, by division.
Why can't FAMH say just one thing in a row that will stay the same for two hours, much less weeks or months?
Dave |
