“We want to close on an LoI, a Letter of Intent, Dan.” The account director was clear.
I thought back to a discussion that took place in Vancouver – many years ago. Our company President, a bit of a moron, was really excited. He had gotten the Toronto Dominion bank to sign an “irrevocable letter of intent”.
“But,” I asked. “Is it an unchangeable, irrevocable letter of intent?”
He just looked at me.
“Intent to do what?” I thought.
In the current situation, the LoI was targeted to close on April 1.
“That’s April Fool’s Day,” I replied. “Can we close one day earlier?”
“How about April 2nd,” the director replied.
“That’s Good Friday. You know what happened then.”
Actually, there was no cause for alarm. The negotiations began in the Neolithic Age and are unlikely to conclude anytime soon.
Tomorrow is Nazy’s birthday – and accordingly she gets a photo in the blog.
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