The Continuing Guy-Who-Won't-Pay-Me Saga

[susandennis]

In our last episode, I had received the notice back from the post office that John (The Guy Who Won't Pay Me)'s sales guy had signed for the invoice I sent. The invoice called for the $3,000 debt plus $1,425 interest and explaining that payment before November 5 would prevent legal action.

I got the return receipt last Saturday and heard nothing until just now when he sent the following email:

---------------------------------------------------------
Susan,

Sorry about my delay in responding. After talking with Kip [his partner] and looking at the company's cash flow position, here are three options for you to consider:

1. The company is about 8 months away from paying off a note it owes to Brian Fairchild [a sales guy he fired after I was gone]. At the time that note is paid off, the company can start paying you $250/month.

2. If you wish to be paid right now, the company can pay you the principal balance if you agree to forego the accrued interest.

3. You can convert the note plus accrued interest into additional shares of Company stock at $.75 per share.

Feel fee to call me to discuss any of the above. Do you know if you are able to attend the meeting?

John
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My response:

----------------------

Actually, John, there is a 4th option.

I have to say that I am really disappointed and pretty insulted that it took
an expensive postal option to finally get a response from you after several
years and several unanswered emails. And now you offer me a position in
line AFTER Brian Fairchild??! I honestly think I have been beyond patient
and I'm done.

I will offer this as alternative to resolving this in court:

I will accept full payment of the principal of $3,000 now (or by November 5,
2003) and I won't increase the interest. I'll accept payment of the current
interest due in monthly increments of $60 a month for 24 months starting
December 1, 2003.

If I receive a check for $3,000 and a written promise of the payout
described above by November 5, 2003, I will not pursue legal action.

And, no, I will not be attending the meeting.

Susan
-----------------

Had he just apologized properly and with any hint of regret, I would have taken the $3,000 now and given him the interest. But fuck his ass anyway. I think small claims court is going to be fun. (And why in the hell would I want even MORE stock in a company so worthless it cannot clear out a 5 year old debt?????? Run by a guy who hasn't got the sense or decency of a doorknob??????)

Comments

[sylphishone.livejournal.com]

You did good!

[susandennis]

Thank you! I wrestled with what to say and how to say it. It was hard to write without using the endearment 'fuck you!' I really appeciate your taking the time to let me know that I did ok. I love LJ.

[mickeytor.livejournal.com]

cheeky SOB, isn't he?

I think your letter was perfect. At first I worried about your tone, but after re-reading his letter, and recalling a previous post about this, I think your tone was more than warranted.

Samrt move to get the principle now too. I wonder if they're thinking bankrupcty will take care of you in the end. Get what you can, while you still can.

[susandennis]

Thank you so much!! I actually don't think they are anywhere near bankruptcy. The company supports John and Kip and has for the past 5 years and they both live quite well. Fortunately I don't need the money so I can afford to jerk their chain a little and hold out for the whole thing.

[melodysk.livejournal.com]

Just how damned arrogant can one person be???

You done good girl!

[susandennis]

Thanks!

[katbyte.livejournal.com]

Good for you!! I am seriously considering taking Maytag to small claims. A fridge should last longer than 16 months, and they are so not sorry.

[susandennis]

No kidding about the fridge thing! That really does suck.

[katbyte.livejournal.com]

Yep, New one is coming tomorrow.

[victory-rose.livejournal.com]

Wow!

I would never have the gumption to put my foot down like that - well, at least not about money on a personal level (don't know about other things, 'cause it's never been tried).

However, I don't see how you could have handled this differently. That guy sure has some strange priorities.

Interesting.

[(Anonymous)]

Your journal is in the friend's pages of a buddy of mine, so I read your posts occasionally. I don't use LiveJournal, I don't have intention of starting some discussion with you, and my name is none of your business.

That said, I want to remind everyone that not too long ago, you posted about not defaulting on a loan for a condo you were buying in California several years ago. You even thought it was funny that the bank that had loaned you the money was sending you letters offering you loans at a higher rate than the loan you have on your current condo.

Really, you come off as a complete hypocrite. But, that's just my opinion, even if it is right.