A great RISKY AS plan...

[Gray Mule]

Stoopid! That's what the others did when they agreed to

all the "Stuff" Belkin pulled.

First, he got himself appointed "Boss" of the group.

He objected to the JJ deal and that started the ball

rolling.

Then, the buyout. All the cards stacked - - In Belkin's

favor. AND THE REST OF THEM AGREED TO PLAY WITH THE

STACKED DECK. Stupid!

Belkin got the first appraiser. He objected. Then, as

per agreement, he appointed a second appraiser. As soon

as this appraisal was in his hand, he said, "I object!"

He didn't need to see it. He would have objected two

weeks before if given the opportunity.

Then, the sweetheart deal. Belkin could buy out the

other owners "at cost" if they wanted to sell.

If they wanted to buy his interest, they must pay the

fully appraised price. Example: Sell me stock @ $10.00

per share or buy my stock @ $40.00 a share - - your choice.

And, the Judge says, "This is fair. Do it."

As Jackie Gleason used to say, "How sweet it is!"

[DJlaysitup]

Quote:

---

Stoopid! That's what the others did when they agreed to

all the "Stuff" Belkin pulled.

First, he got himself appointed "Boss" of the group.

He objected to the JJ deal and that started the ball

rolling.

Then, the buyout. All the cards stacked - - In Belkin's

favor. AND THE REST OF THEM AGREED TO PLAY WITH THE

STACKED DECK. Stupid!

---

I agree that the rest of the (then) ASG were stupid GM...but we have to remember that Belkin put in the largest amount of money compared to any of the other ASG members (around 30% of the total if I remember correctly). That being the case it only makes sense that he would be appointed "Governor". Besides, they didn't all hate him at that point in time.

Now concerning the contract terms - wow - that WAS really stupid.

[AHF]

Quote:

---

Belkin got the first appraiser. He objected. Then, as

per agreement, he appointed a second appraiser. As soon

as this appraisal was in his hand, he said, "I object!"

He didn't need to see it. He would have objected two

weeks before if given the opportunity.

---

Just for clarification, Belkin didn't object to the second appraisal -- just the first.