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

Posted on 7/8/13 at 7:41 pm to
Posted by Croacka
Denham Springs
Member since Dec 2008
61447 posts
Posted on 7/8/13 at 7:41 pm to
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
Posted by snatchola
Baton Rouge
Member since Nov 2007
1150 posts
Posted on 7/8/13 at 7:45 pm to
Time will tell.
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 7/8/13 at 7:47 pm to
I think a good settlement would be around 1.5 to 1.7mil.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26834 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.
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