Wednesday, September 08, 2010 12:16:57 PM
If that is the case, then Peter and his cohorts would be walked over to criminal courts after this case is settled.
IF, however, the issue was an error of some sort and not criminal intent, then, due to the passage of time, the agreement would be voided and the money in escrow returned, unless all parties agreed to move forward together.
Considering that Brian essentially stated on PickensPlan that money is not an obstacle to acquire the warehouse, either a) they got the loan elsewhere, or b) got the $1M from the new 20% owner.
My guess is that they got the $1M from the new partner because, as per a previous PR, they used all of their capital for the escrow. I think we will hear more right before the new round of divvies are issued in October.
Relax and enjoy the ride.
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