Damansara ... finally signed!

Yes, as I sit here in my sis' condo in Ken Damansara with pouring rain outside, that's the main thing I have to share. I know, I know. This has been going on for months but can you believe the shit?

So here is what happened

I drove down after a hurried cup of coffee in Pelek town ... and then at the office to my surprise, the Balinese Germ is not around only the Swiss Germ Cheese (hahaha)! No offence intended but as I want this to be anonymous I have to use such nicks so that at least I remember who they are years later

Anyway, when both are in, we discussed my terms and his main challenge is cash flow. He said if he doesn't get paid, for a while, it is fine. This is from the Swiss but you can see, this is not shared by the Germ. The Germ kept on in jovial tone said it's time to get money from the owners and get ourselves paid should the owners not be able to raise sufficient funds to see the project through. He is right. This is the practical world view. Otherwise all our efforts would have been wasted and if this first project screws up before we secure the next, then it can mean the end of the company

Anyway, if the Swiss is sincere, then why in the world is he challenging me for the fees?!?!?! In the end, we agreed to a compromise and he increased my fee to SGD2.5k until hotel open first 60 days. Then on a sort of retainer of SGD1k unless there is other works

Then we talked about shares and I said it is up to him and as a friend, I wouldn't insist. Naturally, he said he was the one who invited me first and he would like to honor that offer. Well so would I if the business is a success but I wouldn't want to be sued later on if I close deals without him, right? And that's what this all boils down to. Right now, he has 1 property and I have one. Mine doesn't pay that well at the moment but his may have financial difficulties. In short, both have challenges

The challenge is who gets the next few properties and as for the Germ, with all his connection, why can he not secure a single client?

Anyway we talked here and there and I was stunned at how they are going to tackle the next client - Rice Miller of Penang. Basically they searched internet for contact details and intend to write a letter of introduction to that company and hoped that the company will meet up with them?!?!?!?! Wow! If that company does so, then I will say that they are blessed because they have nothing to show for it. And that company that intends to spend RM250m on their development is taking a risk by paying top dollar to my partners and yet not even getting a branding in return! Hah!

All the best to them. If I want, I may just pick up the phone and call them and be direct and humble and get a slot to see that Jennifer lady, yes? Sigh!