There is little sex in this story, it centers on a husband who is focused on his company and almost loses his wife.
I hate JFK on Fridays; it's always congested with people scrambling to get out of town. That's exactly why I contracted a limo service to drive me from my westside NYC apartment each and every Friday at 1:30 to catch the 3:00 direct flight to LAX. A twenty minute ride in the morning is at least an hour or more during rush hour, so I would plan to leave mid day to avoid the traffic. Besides, no respectable investment firm is working on Friday afternoon from Memorial Day to Labor Day weekend.
I am Mark Collins, CEO and Chairman of ComNet, a growing telecom security system provider for the government and local telephone networks. Our headquarters is in Irvine, Ca. So one might ask; why I am I commuting to NYC once a week? Capital. The company needs operating capital for expansion; I am the pitch man to the investors. I average two- three pitches per week to the top investment firms in the city.
It was a pleasant, clear day and the air was fresh from the northerly winds. I relaxed in the back of the limo and I thought about my performance for the week.
Stark capital was hot on doing a deal, they were a boutique firm, with about 15 million to invest, they wanted to take control of the board for their money and go public for liquidity, not surprising but undervalued, you see ComNet was valued on the market based upon last money in at $100M, so to get control for $15M is a sweetheart deal for their investors. This is an investment fund of last resort.
Then there was Capital Corp starring the Prince of Darkness, Harold Gold a distinguished looking man of 45, with thick salt and pepper hair, a runners body and very tanned, he was somewhat abrupt and even more rude, but he was loaded with cash, they had over $150M to invest in network security systems, they knew our technology, so it made my presentation on our projected market share easier to connect the dots. Even though he wore a poker face throughout the presentation, his interest in our technology was unquestionable.
My last meeting was the most interesting, it was with J. D. Withers, one on one in his Park Avenue office, his net worth was one βbillion dollars, he liked the deal, but it was " too small" he seemed truly to be sorry. But, " I have some friends who could take advantage of this, who else have you talked with." I told him about my ventures trying to raise capital; he perked up when he heard Capital Corp.
"Who are you pitching at Capital" he inquired?
"Harold Gold, the man known as the Prince of Darkness, he did not seem to like me much."
My thoughts were interrupted as the limo approached the American Airline Terminal by my cell phone.
"Hello, this is Mark Collins."
"Yes Hello Mr. Collins, we have a package that just arrived for you at the JFK American Airlines terminal, you can pick it up at the Ambassadors club at the front desk". "I am Judy, you can ask for me please."
It seemed strange to me that Claire, my personal assistant, never told me about a package when I called over an hour ago. I wonder what this package is all about. I will find out soon enough I thought.
After going through security, I proceed to check-in at the Ambassador Club, I was in first class, the flight was on time, I asked the clerk if Judy could be paged, she smiled and said. "Good taste, I will get her for you."
As I was waiting for the arrival of the package, I noticed a rather attractive blonde, about 5 feet 6 inches in height, in a black business suit, smiling while approaching me.
"Mr. Collins, I am Judy Smith, an associate in the law firm of Greene, Kaplan, and Stein. Our firm represents the investment firm of Capital Corp International and they would like for you to read their preliminary letter of intent for funding ComNet to the tune of .......$50M in both debt instruments and equity, subject to satisfactorily passing our due diligence questions about ComNet and its key personnel."
"In other words this letter is a notice of intent, therefore it is non- binding until you receive the results of our due diligence is that correct Mrs. Smith?
"Yes, that is correct "she looked concerned.
" So I assume Capital Corp will not have a problem with me continuing to pursue other sources of funding while you are making your decision, is that correct also Mrs. Smith?"
"If you pass the initial preliminary audits on back ground checks and financial statements we will provide a penalty of $500K for not proceeding with funding as specified in our letter of intent."
"Plus our legal and accounting expense of course, isn't that right Mrs. Smith?" I negotiated.
"Ms. Smith, I am not married," she continued, " I am authorized to agree to those terms but there will be a full blown audit, performed by an independent accounting firm of course and we will check your corporation papers, taxes, etc. but our initial request is that you response to our questionnaire about the key personnel in the company. Unless fraud is involved, we will pay the penalty if we recant." She answered.
"How many key employees are on the questionnaire Ms Smith, may I ask? Meanwhile, I heard my flight was being called for last boarding.
"Mr. Collins, it is all explained in the package, Mr. Gold handled it himself "for his eyes only". You can reach me at this number 24 hours a day, it's my company cell phone number, I mean anytime, and I am here to make this deal work. Have a great flight; we look forward to your answers on Monday so we can proceed with a formal offer. Good Bye Mr. Collins."
"Good bye Ms. Smith, I sure we will see each other again."
On the plane, the stewardess had prepared a well drink of Bombay Sapphire gin with green olives, (on the rocks of course), along with some heated pistachio nuts to get me started. I had placed the package into my briefcase which I stowed under my seat for takeoff.
I rang the bell for the stewardess.
"Yes, Mr. Collins how can I help you" with a broad smile.
"I am going to be on the phone with my attorney most of this flight, please respect my need for privacy, so skip the pleasantries and I will pre order my food, and I will ring you when I need refills, deal? I will not be upset if you just leave me alone."
"Sure, I can do that Mr. Collins, here is the menu and I will place your dinner order for you, do want refills when you are finished or when you call me"
"When I am finished, thanks, and I will have the filet mignon dinner. Thank you" she maybe vanilla looking but she is efficient and thoughtful, no wonder she is in first class. I thought I was a little curt, but she understood it was not personal and acted professional, I will make it up to her later.
The pilot said over the speaker, "prepare the cabin for departure, seat backs up, seat belts on and buckled, turn off all electrical devices, stewards take your seats."
The noise of the engines roared and the next thing I knew, I was viewing the New York City skyline out my window, several minutes later we had reached the desired altitude.
"You are now free to roam about the cabin, please keep your seatbelt on when seated. This flight is scheduled for six hours, with favorable head winds we plan to gain one hour, so arrival time is 5:15pm in LALA land relax and enjoy the flight"
Time for action, I dialed my personal lawyer Rob Burns.
The Package-
"Rob, John here, I am flying back from NY and I just received a letter of intent from Capital Corp. Yeah, I know, the fucking Prince of Darkness himself. Remember the due diligence package we did for the line of credit with the bank, yes send a copy to Judy Smith at, Greene, Kaplan and Stein via computer."
I am going to scan the documents and email them to you shortly and call you back in about one hour"
I reached below my seat and found the package, I opened the sealed envelope carefully and withdrew its contents and placed them on my food tray to Study.
There were actual three separate documents, the cover letter summarizing the offer, the second was a legal due diligence boiler plate terms sheet, the third was the key personnel and that was sealed.
I opened the envelope and inside was a DVD with a post it saying "play first". I installed the disk into my laptop and plugged in my ear plugs, the image on the screen displayed Harold Gold sitting in my living room in Newport Beach Coast. "What the fuck?" "When was he at my house? " Click!
"We meet again Mr. Collins; you probably noticed that I am enjoying your lovely Italian villa home, how quaint. I always say, if you want to learn about a man, you go talk to his woman. Your lovely wife Ann has been more than gracious, attending to my every need, so to speak. I told her I thought you were neglecting her flying to NY every week and probably way too exhausted recharging the batteries on the weekends to make up for lost time so I am here to help her with this problem."
"So let me cut to the chase, I want your company and I want you out, being the majority share holder you control the board, but your wife owns half of your shares and I think I can persuade her how to vote."
"So Mr. Collins I will buy you out for say $10M, plus a cushiony $250K job for 20 years let's say."
"Now for the personal, (a crooked smile came over his face) I fucked your wife the whole three days I was in California; she even drove up to LA to fuck me before I got on the company jet. She cuckold you, and she is expecting to get half of that offer I made to you so do not look for any sympathy there. If you doubt my word ask your wife, she rather enjoyed it, does she do that tongue trick on you too?"