you are right. you should look into murphys nu=bers. very hard to follow , somewhat goofy=C2 for phone tomorw On Tue, Dec 2, 2014 at 6:13 PM, Brad Wechsler wrote: I think =here's unnecessary "complexity" in what ada is setting out. =ssuming PG is owned by the trusts (my understanding) I would do the follow=ng: 1. Get the projections from keith and his do and judith and her do. 2. Have rich j test them for cogency as a service to the trust. (We can bil= the trusts for admin services if we want.) 3. Have rich "consolidate" them. 4. Make the ceo's, cfo's available to the trustees for "dilige=ce" if the trustees so desire. (Rich, eileen and I can participate on=an administrative basis.) 5. Assuming trustee sign-off, the t'ees can functionally dictate the terms of the loan (demand note or bullet) and again, the office can run admin=interference for them with paul, weirs to facilitate execution of the note= Sound right to you or shld we discuss? Original Messa:e From: Ada Clapp Sent: Tuesday, December 02, 2014 03:00 PM To: Brad Wechsler; Eileen Alexanderson Subject: Trust Loans to Phaidon Global Hi Eileen and Brad, I understood from the Trustees meeting that we will need to move quickly tarpaper the loan to Phaidon Global should the Trustees agree to lend. = don't know Rich J.'s timing for getting the Trustees the informat=on they requested (see his email below). However, in the interest of=expediency, I wanted to discuss the process for getting the secured loan d=cumentation that Richard Ressler requested in place. I am questioning the family office's role in assisting with the negotia=ion and preparation of the loan documentation. It seems to me that w= cannot act on behalf of both the Trustees as Lender and Phaidon Global as=borrower. With a new management team in place, I think it makes sens= for Keith or Phaidon Global's general counsel to negotiate loan terms=for Phaidon (particularly since the borrowed funds will be used to benefit=Phai