From: Self <adx>
To: Martin Elton <email@example.com>
Date sent: Tue, 30 Nov 1999 00:45:47
This is a realistic and constructive way to move forward, if you
are prepared to listen.
First the facts we all know. Loadtek never ceased trading back
on the 20th June 1999, as made obvious by both directors' actions
the days following the meeting. You continued to trade as Loadtek
for some time since this date. If you remember, you were not prepared
to put in any more time or money into a Company which you thought
was going nowhere. Once the stock and plant are gone, I believe
that Loadtek has very little worth, except that it is the only
company licenced to use my thousands of hours of unpaid work.
I can't see you paying much for it anyway.
The stock that Loadtek had at that time has been divided up, remember
that you asked me to send a copy of the proposed split to
the accountant. This clearly details that 'your' stock was to
remain with Loadtek in which I would retain a 5% shareholding.
I shipped a load to XXX back in Feb this year. I put in a lot
of work, including chasing up payment which our bank would not
accept Payment is still be due to me. I have also arranged the
accounts in general and helped you with errors in your GST return.
I offered you the use of my Visa merchant account, but you insisted Loadtek
needed its own - this has been costing Loadtek $10 per month.
If you really want to resolve what's left, I propose that I make
an appointment so that we can go to the accountants and finalise
payment for the stock both by you and myself. Remember that you haven't
actually paid for any of the stock that you took home.