Tuesday, September 29, 2009
We received a commitment letter from a bank on Friday. We will be refinancing with them. I cannot think of any adjectives to express the relief Dad and I are feeling. My mother and sister themsevles were confident the whole time that things would work themselves out. You never know until you get... Sign in to see full entry.
Thursday, September 24, 2009
One More Month and Out the Door
We will be operating Location A for one more month. On Tuesday the Oil Company ponied up enough money to convince Dad to stay on for the month of October. The powers that be explained to him that they intend to operate the Location themselves but need the month to learn the ins and outs of the... Sign in to see full entry.
Tuesday, September 22, 2009
Time is Running Out
Still no word from the Oil Company with regard to their intentions relating to how they intend to run Location A once they start to rent it from Dad. Friday, the latest day Dad was to be informed of their decision, came and went. Obviously nothing was going to go down during the weekend. A few of... Sign in to see full entry.
Thursday, September 17, 2009
Me? A Dealer?
The remote possibility of me becoming the dealer at Location A exists. I have to think the situation would be unique because Dad would be leasing the property to the Oil Company, who in turn would be leasing it to me. The odds of such a situation occurring is highly unlikely. When Dad told me he was... Sign in to see full entry.
Tuesday, September 15, 2009
The Oil Company at Location A
October 1st will be the day the Oil Company begins to lease Location A from Dad. The Oil Company does not want to be in this position. For them they would much rather have Dad selling their gas like he always has. They have no choice in the matter. Dad's contract contains a clause that with six... Sign in to see full entry.