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re: The Oaks is trying to get enough members to go private again..

Posted on 7/8/13 at 7:50 pm to
Posted by rmc
Truth or Consequences
Member since Sep 2004
26553 posts
Posted on 7/8/13 at 7:50 pm to
quote:

I'm curious to know what the bank would settle for That could be their biggest help in reducing the required number of members or lowering the buyin


If I was spearheading this matter that would be the first thing I negotiated, if possible. Call the Bank and tell them if I can bring X by August 31, 2013, will you guys take it? If they are unwilling to play ball right now, get the commitments and send a final offer around that time and see what happens.

I would assume you guys have some counsel hired to do this. If not, hire someone pronto.
Posted by snatchola
Baton Rouge
Member since Nov 2007
1145 posts
Posted on 7/9/13 at 10:34 pm to
Good advice. I appreciate your time in responding.
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