Thursday, October 09, 2008

Look at Caldwell bill to the Government

Rex:
I have reviewed Goodwin's report in light of your comments. It does appear
that he has put a value on Richard's business losses. Unfortunately, he
calls it "loss of a special economic advantage" which in my view it is not.

Richard probably does not agree with Goodwin's valuation but that is a
matter to be taken up with Goodwin. Goodwin has submitted a draft report for
discussion, as I requested him to do. This gives an opportunity for me and
the owner to sit down with Goodwin and review his factual assumptions and
make the necessary corrections before he puts his appraisal in final form.
As it turned out, Richard has refused to consider Goodwin's draft so there
has been little to discuss up to this point. We are at a Mexican stand off.
Goodwin has yet to produce an appraisal report in final form, awaiting
discussion with Richard. Richard refuses to discuss the draft report because
he thinks Goodwin is wrong. Until the two of them get together to resolve
these issues, we are completely stymied in advancing this case.

The best thing you can do for Richard is persuade him that the Goodwin draft
appraisal must be dealt with by a meeting with ourselves, Goodwin and him to
review the draft. We will set up the meeting but we need Richard's
instructions first.

We would appreciate anything you can do in this regard.

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