EMAIL DETAILS

Completely agree. I went out of my way to say that we were more than willing to work out a 50/50 deal, but that it couldn't be for less money.
Oh well. Not then end of the world but it would have been a perfect fit.


On Apr 11, 2012, at 2:14 PM, Eric Schwerin wrote:

> This is disappointing. Sorry about that. We'll see if we can think of other options but really thought Jose Luis was perfect otherwise.
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> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> eschwerin@rosemontseneca.com
> P Consider the environment before printing this email.
>
> On Apr 11, 2012, at 12:35 PM, Jeffrey Cooper wrote:
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> Just talked to Pablo Arias. He told us that their position has not changed and that they are still insisting on getting 50% equity in the company for only part of the cash required. So, unfortunately, we are nowhere near getting something done with them.
> I told Pablo that we really appreciated their time and attention throughout the process, but that we would be seeking other partners. He returned the sentiment.
> It was a friendly call, but not productive. So….. I will be sending a "thanks but no thanks" email to Jose Luis and will copy you all.
> Needless to say, this is disappointing but that's life, I guess. I appreciate you guys trying to help down there. If you know of anyone else to contact, please let me know asap.
> Jeff
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