Present: Dan Wortman, Scooter, Darren Wheaton, Michelle Strain, Shelley Harding, Daniel Gillespie, Mike Keech, Evan Scully, Mike Currie, Sarah Carrigan-Kent (late), Ryan Sargent (late).
Regrets: Kevin Estabrooks, Iain McLeod.
Looked at the Notice of Dismissal letter for Scooter.
Should close by March 31st so we can lay Scooter off on April 3rd (he is willing to work an extra week if need be).
Sell assets to the University. Scooter should do an inventory of all assets, and then will sell them to the university for whatever amount the University wants to use in the books (possibly $1.00).
The lawyer felt that we have done as much as could be done to protect ourselves.
Scooter will take time to write a letter agreeing to a reduction in weekly salary. Scooter would sign a waiver of all claims on April 3rd when he is done.
Last day open will be March 31st, will close that night.
Order of priority to pay:
(1) CRA
(2) Employees
(3) Scooter
(4) Suppliers
(5) University
Should get back some prorated insurance money, but will keep Directors’ Insurance.
Bank should have new account ready by tomorrow.
Discussed when the board of directors should dissolve.
Will tentatively meet again on March 8th, at 6pm.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment