Date sent: Sat, 13 Nov 1999 15:44:37 +1300
From: Martin Elton <>
Subject: LT1

This is a realistic and constructive way to move forward, if you are prepared to listen.

First the facts we all know. Loadtek ceased trading back on the 20th June 1999, as agreed by both directors at a meeting of the same date. Loadtek has not traded since this date. If you remember, neither of us were prepared to put in any more time or money into a Company which was going nowhere. Once the stock and plant are gone, I believe that Loadtek has very little worth. I can't see anyone paying much for it.

The stock that Loadtek had at that time has been divided up, remember that you sent a copy of the agreed split to the accountant.

I have chased up and secured payment, on behalf of Loadtek, for the load shipped to XXX back in Feb this year. Otherwise this payment would still be due. I have also arranged for the GST payment and the end of year return and put a hold on the Visa payment set up which is saving 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.

After reading it, I sent this back straight away:

I appreciate your efforts, but this is total rubbish - every bit of it.

Please confirm the date your message was written and sent. Today is the 15th of November 1999 and your message was received this evening.

[full quote of Martin's email removed]

There are so many factual errors in what you have said that any reply will be too lengthy for this email.