FROM: Matt Lees (Matt@X.com)
TO: Harold Pontefract (Harold.Pontefract@Natwest.com)
SUBJECT: Extended Loan Request
Hi Harry,
Just wanted to drop you a line to thank you again for pushing the recent loan through - things are going fantastically at our headquarters, and after the unfortunate sudden loss of support from our overseas investors this has helped us to maintain the levels of monthly growth we’ve seen in the past.
Whilst - as mentioned - the money provided last quarter has substantially improved our current situation, we still feel there is a huge margin for additional growth in the coming year. In light of the recent negotiation difficulties with some of our more regular investors, I wondered if it might be possible to come in for a meeting about setting up an additional loan in the interim.
Let me know when’s good for you, look forward to your call.
Matt Lees
Head of Finance & Investor Relations
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FROM: Harold Pontefract (Harold.Pontefract@Natwest.com)
TO: Matt Lees (Matt@X.com)
SUBJECT: RE: Extended Loan Request
Hi Matt,
Glad to hear things are going well. As mentioned upon approval of the last loan, we will need to see a breakdown of expenditure for the previous sum before being able to consider any further loans. Additionally, please note that your most recent interest payment has not yet been received - please ensure this is rectified within three working days to avoid further action.
Harold
Senior Consultant - Business Investment & Development
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FROM: Matt Lees (Matt@X.com)
TO: Harold Pontefract (Harold.Pontefract@Natwest.com)
SUBJECT: RE:Extended Loan Request
Hi Harold,
First of all apologies for the delay in the first part of the agreed interest repayments - we recently had to shut down one of our main offices in Asia, and have had to invest a substantial amount of our cash reserves into re-establishing a new base of operations in this area to avoid leaving the region entirely in the hands of our main competitors. We are expecting a large sum of money to be wired over from our North American investors within the next 24 hours, which should more than cover our current interest payments.
In response to your first query however, please find a breakdown of expenditure below:
STAFF & TRAINING: $2,000,000
NEW BUSINESS DEVELOPMENT: $5,500,000
R&D COSTS: $7,500,000
MAINTAINANCE & REPAIRS: $500,000
Thanks again for your time,
Matt Lees
Head of Finance & Investor Relations
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FROM: Harold Pontefract (Harold.Pontefract@Natwest.com)
TO: Matt Lees (Matt@X.com)
SUBJECT: RE: Extended Loan Request
Hi Matt,
Providing the payments are made in full promptly, this shouldn’t be a further cause for concern. Regarding the breakdown of costs above however, we will need a much more comprehensive list than this in order to justify a further meeting.
The closure of your Asian branch of operations is unfortunate - and somewhat worrying considering the collateral promises we’d need to see solidified before we’d be able to offer an extended loan.
Harold
Senior Consultant - Business Investment & Development
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FROM: Matt Lees (Matt@X.com)
TO: Harold Pontefract (Harold.Pontefract@Natwest.com)
SUBJECT: RE:Extended Loan Request
ATTACHMENTS: 2010_Q2_Expenses.xml
Hi Harold,
Full breakdown attached. In terms of collateral this shouldn’t be a problem - we still have a number of high-value aircraft in our offices in central Europe and North America, and should shortly be making some breakthroughs in research which will of no doubt be of great interest to your shareholders. Our stockpile of retrieved alloys and minerals is still being assessed in terms of value, but this too should prove an enticing investment.
Thanks,
Matt Lees
Head of Finance & Investor Relations
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FROM: Harold Pontefract (Harold.Pontefract@Natwest.com)
TO: Matt Lees (Matt@X.com)
SUBJECT: RE: Extended Loan Request
Hi Matt,
Whilst all of the above sound of potential interest in terms of long-term investment, we’d need to see some more immediate form of recompense if we were to go ahead with further investments. Judging from the breakdown provided, it seems like the concerns we expressed in our initial meeting still remain true; the profit margins achieved by the project so far remain far from acceptable - with a remarkable amount of money having been spent on state-of-the-art research equipment for use within your Asian office. Are you able to provide any update on the status of this research, and the costs you expect to recoup from the liquidisation of this facility?
Harold
Senior Consultant - Business Investment & Development
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FROM: Matt Lees (Matt@X.com)
TO: Harold Pontefract (Harold.Pontefract@Natwest.com)
SUBJECT: RE:Extended Loan Request
ATTACHMENTS: 2010_Q2_Expenses.xml
Hi Harry,
Much of the equipment and findings from this facility sadly had to be abandoned - the sudden government change in China substantially hampered our ability to operate normally, and eventually a hostile takeover meant that we were unable to extract the majority of our assets and staff.
In terms of recent research however, we are confident that our smaller team based in North America are about to make a significant breakthrough.
Matt Lees
Head of Finance & Investor Relations
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FROM: Harold Pontefract (Harold.Pontefract@Natwest.com)
TO: Matt Lees (Matt@X.com)
SUBJECT: RE: Extended Loan Request
Hi Matt,
We have yet to recieve your first repayment for the initial loan. Please update me on when this - and next month’s payment - will be recieved in full, or we will have to take further action.
Harold
Senior Consultant - Business Investment & Development
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FROM: Matt Lees (Matt@X.com)
TO: Harold Pontefract (Harold.Pontefract@Natwest.com)
SUBJECT: X-Com Restructuring Update
ATTACHMENTS: 2010_Planning_and_Investments.xml
Hi Harold,
Apologies for the lack of communications - things have been somewhat complicated here of late, with unforseen complications surrounding our North American facility resulting in substantial restructuring within our organisation. Coincidentally, our North American funding has also been substantially cut - which means that we may unfortunately have to work on devising a new, more long-term scheme of repayments.
In terms of research findings, whilst initial evaluations suggested we may be close to determining the psychic abilities of our competitors, unfortunately our head of R&D has just informed me that the panels in question do in fact represent somewhat more of an ‘in-flight entertainment system’. Whilst not immediately of great use for our specific day-to-day requirements, the entertainment industry has proven itself to be stable investment in the past.
Understandably however, at this stage I can expect you may be concerned about the future sustainability of our project - in light of this, please find attached a breakdown of our plans for expansion and investment for the next few months, including details on our newly established bases in Australia and South America.
Due to the unexpectedly high staff turnover experienced in the past few weeks, we still very much require an extension on our initial loan - whilst I ask that you treat the attached information as strictly confidential, I hope it will provide you with enough information to seriously consider an extended loan.
Thanks again for your time and patience,
Matt Lees
Head of Operations
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FROM: Harold Pontefract (Harold.Pontefract@Natwest.com)
TO: Matt Lees (Matt@X.com)
SUBJECT: Out Of Office Autoreply
NATWEST IS UNDER ALIEN CONTROL
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FROM: postmaster.mail@natwest.com
TO: Matt@X.com
SUBJECT: Message recall failure
ATTACHMENT: RE: X-Com Restructuring Update
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