Return-Path: Received: from [99.62.55.200] (account frobles@neopolitan.com HELO frobless-mac-pro.local) by mx1.neopolitan.us (CommuniGate Pro SMTP 4.2.10) with ESMTP-TLS id 39211798; Tue, 29 Jun 2010 12:41:51 -0700 Message-ID: <4C2A4C7E.8030109@neopolitan.com> Date: Tue, 29 Jun 2010 14:41:50 -0500 From: "Frank R. Robles" Reply-To: frobles@neopolitan.com User-Agent: Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.6; en-US; rv:1.9.1.10) Gecko/20100512 Thunderbird/3.0.5 MIME-Version: 1.0 To: frobles@neopolitan.com, Betty Perlin Subject: Re: following up on open items References: <4C2A480D.20801@neopolitan.com> In-Reply-To: <4C2A480D.20801@neopolitan.com> Content-Type: multipart/alternative; boundary="------------080100010909020706030202" This is a multi-part message in MIME format. --------------080100010909020706030202 Content-Type: text/plain; charset=ISO-8859-1; format=flowed Content-Transfer-Encoding: 7bit Hi Betty, Here is what I sent the CPA. Frank On 6/29/10 2:22 PM, Frank R. Robles wrote: > Hello Roland and Dee, > > Following up on some of the outstanding items. > > Attached are the bank statements for OakStone for this year. > > Neopolitan stopped using Bank of America and started using Chase > exclusively in Aug 2009. I found the Chase statements for 2009. I > scanned them in and they are attached as PDF's also. > > Re: OakStone 2009 Cost basis > > OakStone received the Juniper and Tivo shares as part of being a > limited partner in the investment firm NEA. We had committed to invest > $100k over time but as things became more difficult in 2004 we sold > out interest and took a 20% or more loss. I can dig around for more > details on this. > > Re the google share. I regret selling it. But OakStone invested in > Keyhole back in 2003 and Google bought them over a year later. Six > months after that we sold all but the one share. I think that stuff > can be found in our 2005 taxes. > > Re the $9k. That was sent to me to help cover expenses and pay off > things as needed. I am working on a document that covers the leases > and who I paid what too. > > Re Neopolitan / Fiberlight check. That $5k was deposited into Neo's > chase account and used to cover what ever normal expenses the company > had at that time. Betty was managing that account and paying what > bills had to be paid. Fiberlight backed out and our backup buyer is PV > (Phase Five) Communications. They agreed to take over the accounts and > more important to use the leases and vendor contracts. We could not > afford to keep this operation going with the current level of customer > revenue and even if we could on some small level Neopolitan did not > have the ability to defend against the existing and threatened > lawsuits against the company. So in the end the customers service > would have been at risk, the company would have no staff to service > the customers effectively, etc... So we signed over this purchase > agreement to Phase Five for no more chase and just for them to assume > the exiting obligations. > > I am still working on the other outstanding items in the list you sent > Roland. > > Here is what I think you still need: > > OakStone Ventures: > - Wells Fargo Bank Statements (ending balance) 12/31/08 > - Any more info I can gather on cost basis for Juniper, Tivo, and > Google. > > Break down of the leases and who was paid what by whom and when. > Bring by some more money. > > > Please let me know if I've missed anything else from my outstanding list. > > Thanks, > Frank --------------080100010909020706030202 Content-Type: text/html; charset=ISO-8859-1 Content-Transfer-Encoding: 7bit Hi Betty,

Here is what I sent the CPA.

Frank

On 6/29/10 2:22 PM, Frank R. Robles wrote:
Hello Roland and Dee,

Following up on some of the outstanding items.

Attached are the bank statements for OakStone for this year.

Neopolitan stopped using Bank of America and started using Chase exclusively in Aug 2009. I found the Chase statements for 2009. I scanned them in and they are attached as PDF's also.

Re: OakStone 2009 Cost basis

OakStone received the Juniper and Tivo shares as part of being a limited partner in the investment firm NEA. We had committed to invest $100k over time but as things became more difficult in 2004 we sold out interest and took a 20% or more loss. I can dig around for more details on this.

Re the google share. I regret selling it. But OakStone invested in Keyhole back in 2003 and Google bought them over a year later. Six months after that we sold all but the one share. I think that stuff can be found in our 2005 taxes.

Re the $9k. That was sent to me to help cover expenses and pay off things as needed. I am working on a document that covers the leases and who I paid what too.

Re Neopolitan / Fiberlight check. That $5k was deposited into Neo's chase account and used to cover what ever normal expenses the company had at that time. Betty was managing that account and paying what bills had to be paid. Fiberlight backed out and our backup buyer is PV (Phase Five) Communications. They agreed to take over the accounts and more important to use the leases and vendor contracts. We could not afford to keep this operation going with the current level of customer revenue and even if we could on some small level Neopolitan did not have the ability to defend against the existing and threatened lawsuits against the company. So in the end the customers service would have been at risk, the company would have no staff to service the customers effectively, etc... So we signed over this purchase agreement to Phase Five for no more chase and just for them to assume the exiting obligations.

I am still working on the other outstanding items in the list you sent Roland.

Here is what I think you still need:

OakStone Ventures:
- Wells Fargo Bank Statements (ending balance) 12/31/08
- Any more info I can gather on cost basis for Juniper, Tivo, and Google.

Break down of the leases and who was paid what by whom and when.
Bring by some more money.

Please let me know if I've missed anything else from my outstanding list.

Thanks,
Frank

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