PostHeaderIcon Update on Eagle Pointe Sale

From: Bob Schippnick
Date: June 30, 2016
Subject: Eagle Point Sale Update

Everyone, (please share with your homeowners)

I know that there has been a lot of rumors going around, so I
would like to bring you up-to-date on what I know.

Today (Thursday the 30th) I was in conversation with both
Bobby Thompson and Doug Thomas. When I asked Bobby
Thompson if the sale was ON or OFF. He said; they are still
willing to move forward with the sale providing Doug Thomas
supplies additional information they have requested (through
their attorney). He did say that if the sale doesn’t go through
they would keep the business open. He has also requested a
meeting with me and Bob Holt, possibly next week.

In conversation with Doug Thomas; he wants to finalize the
purchase, although he is still requesting the information
required by his lending institution before he can close. He did
state that the last requested closing date of July 8th will need to
be rescheduled.

All being said, if this sale is to happen, the two party’s need to
put their best efforts forward and come up with acceptable term
of the seller/purchaser.

I know everyone has a vested interest in what happen and I will
keep you up to date as I receive actual facts.

Thanks for your patience.

Bob Schippnick
PSA President

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