TLOC
Well-Known Member
Good afternoon modelers and gas tax reviewers of the world. After hitting a high of 90f degrees about 60 minutes ago Wisconsin seems to be cooling off. It’s 88 now!
I think Terry and I surprised our 2 children with a ton of questions and what ifs in what they thought would be a quick easy meeting. That was after they 1st surprised us with the amount they asked for. When the son said you guys are asking more questions then the bank, Cirrus Financial and Uncle Dan did combined. Terry told them to go back to them for a better deal if they can get one if they have an issue with our questions. She was hot and pissed, usually my role in financial things. I did explain to them what they were asking for was twice what we had projected they might ask for and eats into our personal financial safety cushion. When they both replied that the collateral was there to back everything. I asked what are we going to do with 3 planes or will they add their houses as collateral. Interesting to see how 2 millennials look at financial transactions versus the Baby Boomers we generally have dealt with. It was interesting and Terry is doing a deep dive right now with her office door closed and the son is fretting. I ended the meeting by telling them that with what they are personally putting into this business cash wise they would earn more then enough interest to live on. I know what is going to happen. We will say yes if Terry is installed as company treasurer and sits on their board. We want to watch the books. Can’t wait tipi hear their counter. Should be an interesting couple days as she looks into things to be able to help them out. The bank of mom and dad provide much better rates then real places!
I am torn. I am selling 3 duplicate freight cars as 1 lot. I made that clear in the for sale postings. I have individual offers on 2 of the 3 cars. Both offers for more then I had thought of posting if sold separately plus now postage. Goofy to me! But I seriously am considering it.
I think Terry and I surprised our 2 children with a ton of questions and what ifs in what they thought would be a quick easy meeting. That was after they 1st surprised us with the amount they asked for. When the son said you guys are asking more questions then the bank, Cirrus Financial and Uncle Dan did combined. Terry told them to go back to them for a better deal if they can get one if they have an issue with our questions. She was hot and pissed, usually my role in financial things. I did explain to them what they were asking for was twice what we had projected they might ask for and eats into our personal financial safety cushion. When they both replied that the collateral was there to back everything. I asked what are we going to do with 3 planes or will they add their houses as collateral. Interesting to see how 2 millennials look at financial transactions versus the Baby Boomers we generally have dealt with. It was interesting and Terry is doing a deep dive right now with her office door closed and the son is fretting. I ended the meeting by telling them that with what they are personally putting into this business cash wise they would earn more then enough interest to live on. I know what is going to happen. We will say yes if Terry is installed as company treasurer and sits on their board. We want to watch the books. Can’t wait tipi hear their counter. Should be an interesting couple days as she looks into things to be able to help them out. The bank of mom and dad provide much better rates then real places!
I am torn. I am selling 3 duplicate freight cars as 1 lot. I made that clear in the for sale postings. I have individual offers on 2 of the 3 cars. Both offers for more then I had thought of posting if sold separately plus now postage. Goofy to me! But I seriously am considering it.