Background of my transactions with Mr CHRISTOS FOTIADIS
I first achieved CHRISTOS FOTIADIS in about the 13th December ’06 and was launched to him by Mr Bob Bernal, who had been a reliable friend. At that time of assembly CHRISTOS FOTIADIS he was having an office offer challenge with Mr. John Holton and as a result of this was contemplating subscription hiring an office from Mr Bob Bernal, to resolve his Workplace problem. I'd observed from the friend of frank bernal, Mr Richard Stick, that Mr Bob Bernal was overdue in his lease which it might be smart for Christos Fotiadis to think about examining prior to going into another sub-letting scenario. Due to the viewpoint of Rich Stick I thought Mr Frank vernal not to be so truthful. Because of my adive, Mr CHRISTOS FOTIADIS unearthed that it'd have now been really harmful to come right into this kind of agreement with Mr Frank Bernel, therefore he backed down. This left him with no office to maneuver to, and so I tried my better to assist him through this case and provided utilization of my office to him. No monetary remuneration was required or anticipated. I did so this since I felt sorry for him and desired to assist him. I understand understand I created a misjudgement and am needing to reside with this particular reality.
Because Of both his excitement in his item as well as his misfortune I provided my workplace to Christos Fotiadis to make use of till he could get over his scenario and obtain some revenue. When I described beforehand, used to do not request any monetary renumeration and he never settled me just one Pound for almost any amenities he utilized in my workplace neither did he lead anything towards the lease. I had been nevertheless guaranteed a good share purchasing cost, if so when I committed to his organization, Protogroup.
In the period Mr Fotiadis was utilizing my workplace, he was having monetary issues and previously didn't have cash to pay for one of his true workers, Mr Fumito Takahashi. Since I have might sense that Mr Takahashi required this cash, I generously borrowed that money to him (Y50,000). At another period he invoiced Y5M to Microsoft and that I noticed that he didn't contain use tax. Because of my treatment I saved him Y250,000, because without me mentioning it, the bill might have gone out with no duty being included. He also required a interpretation completed, that I organized, taken care of (Y75,600 about the 6th February ’06) and had sent to him within his contract. Mr CHRISTOS FOTIADIS also didn't have sufficient cash to cover a flat, which he was organizing using a property organization, and so I lent Y436,000 about the 9th Feb ’06. Mr Fotiadis was also was having really severe issues spending his builders in america so we found a, where I'd pay him an overall total of Y4,162, 600 pound and he'd increase one more quantity as goodwill for services made (Y141,000), getting the sum total to Y4,303, 600 that he'd provide me 72,427 stocks in his organization. The make up distinction of Y3,498, 000 was settled to his Mr Fotiadis’ Chase Manhattan consideration, by bank move about the 22nd Feb ’07. Since I have needed to spend a running sense to get this cash from my lender, to pay for to him in a regular way, Mr CHRISTOS FOTIADIS decided to spend the bank costs of Y157,500. Mr Fotiadis explained his stocks were being appreciated at $1 per share but he'd market in my experience at $0.75 per share. Mr Fotiadis also assured mean extra reward of 25,000 stocks, I sensed I had been perhaps obtaining a great deal, because he appeared optimistic that his organization might return income prior to the end-of the entire year. The quantity I settled him in real cash was Y4,303, 600, that he assured me 72,427 share models.
In the period Mr CHRISTOS FOTIADIS was utilizing my workplace I had been aware of a lot of his reactions, rambling and non-professional childlike behaviour he frequently showed. Previously he explained, “I may have great energy with my item (Regen), because customers can give me private information which might be really useful, envision what I really could do with such information”. At that time, I regarded him a buddy and I simply dumped it like a careless childlike comment but because of his potential steps and conduct towards me, I've to think about he is effective at performing feasible damage, towards possible and/or current customers if he's a challenge together, because he's managing me using the same kind of contempt and insufficient gratefulness despite the fact that quantity of kindness and aid expanded to him. Additionally, despite me becoming an buyer, his conduct towards me hasbeen, raw, rude, unprofessional and with no sensation of regard for that proven fact that I expanded cash to him and his organization. I'm assured and also have evidence he treats different traders using the same distain.
On 9th Sept I delivered a email to Mr Fotiadis stating that I truly don't desire to be a anymore (he realized I had been having second thoughts concerning the expense and wasn't pleased) and that I politely requested easily could easily get my money-back since I have was having my very own group of monetary issues with others I expanded cash to. I just requested for that cash I place in and didn't request any extra cash for providers or assist made. This is exactly what he published back again to me about the 10th September:
“In any situation, your mail couldn’t come in a worse moment. Shiomi has yet to place more income in and his cash he place in has almost go out. We've 2-3 weeks worth remaining, then it’s eliminated
He’s kind of being truly a penis and looking to get an excellent-duper nice offer, beyond what I believe is reasonable…but I'm settling with him these days. I believe we are able to arrived at an arrangement, but I'll possibly need to enhance him only a little somehow. I dislike just how individuals get with cash and greed once they visit a large amount of it coming.
I had been really likely to request you should you realized other people we may approach for financing? “
I then delivered another email about the 14th September ’07, the following:
“Is there any chance of me obtaining some of my money-back or have I dropped it-like I've with FURRer? ”
To which he replied about the 14th September ’07:
“Listen marc, before organization gets cash and on its the way the heck would you expect me to purchase the models back???!!! After I am ready to consider the models again, I will.”
I subsequently delivered an answer about the 16th September ’07 saying:
“Do you believe that's a pleasant reaction to somebody who has does around I've completed? Howl the fucking hell do you believe I generate the cash to assist you, move a fucking strawberry tree. You're today on a single fucking site as FURRer. Thanks a lot.”
To which he replied about the 16th September ’07 stating:
The main reason you got a brief response like this is basically because your prior mail wasn't good, and also you truly pissed me down.
You wrote: “To day I've been only encouraging and without my original progress you'd not really be were you're today” – don’t be frustrated Marc. Your expense didn’t produce the concept or even the IP and that's the most crucial area of the organization; however it did help to keep things moving in Japan…which continues to be nothing lacking a cash machine. Should you didn’t commit then I'd have loaded up and quit China within the breeze, and rather centered on America. You've plenty of connections at clients who've Lotus and we might assist them, however, you have declined to create any introductions. Don’t say you’ve been only supportive. You've been encouraging, although not on a complete amount.
You then wrote: “perhaps not really a great thought to consider vacations during such occasions and set 100% work into causeing the organization work with the benefit of individuals who've assisted you.”. I would like to set anything directly at this time – I place in 1000% work into the corporation every single day, 24/7, and that I am titled and requiring of the vacation (that the organization didn't purchase). How dare you claim that I not have a split? Everybody in Asia, US and EU are on vacation in July to ensure that is a great time to interrupt. You got some slack, and thus did everyone what exactly enables you to genuinely believe that I'm some darn device that may function a large number of hours with no psychological relaxation?
You then wrote: “Since I've lost confidence in that which you are available it's difficult for me personally to suggest anyone…” - This Really Is “nothing but supportive”?! Yes, right. You haven’t suggested anybody before you “lost confidence” anyhow. Therefore precisely what the heck and that I designed to consider that declaration you created? The merchandise hasn’t transformed what exactly has? I'm beginning to doubt that you simply never had any assurance right from the start. You clearly haven't produced something fresh within the market and aren’t conscious of how difficult it truly is to interrupt in to a marketplace. The organization is producing actions and proceed to do this within an area centered by big companies. And when you’re likely to carry on about just how much you’ve assisted, why don’t you think about what you’re publishing first? I enjoy anything you’ve completed your aid is certainly tempered – for instance, I haven’t had the opportunity for connecting the telephone program (or possess a quantity) since you didn’t need me to switch on that centre. Nicely stopping me from having a telephone number attitudes the aid.
I still have confidence in the merchandise, even although you don’t. Whenever we are effective, I'll make sure that you receive your cash back, whether you've confidence within the item or not. You realize I'm such as this, why would you deliver invoking emails like “Is there any chance of me obtaining some of my money-back or have I dropped it-like I've with FURRer? “. You may not genuinely believe that assists?
Oh, and from the way… cheers for amounting me to FURRer. You’re a genuine treasure for that one…and I can’t think you really believe that. Is extremely telling…
Therefore let’s end bickering and so I may concentrate on finding things going. I’ll simply think about this trade as you of the emotional reactions that you appear to have every couple weeks. I'm performing the very best I will, and much more than any single-man might do otherwise. Have patience, businesses don’t have intense development overnight, and that I haven't heard about an expense that in a start up that results in six months. Therefore please quit annoying me and concentrate on assisting instead”
In The email obtained above issues began heading from poor to worse:
To provide you with a concept of how spiteful and premature he performs herself; he described in my experience that since I'd not permit his loud tel centre in my own workplace (I'd have permitted a very one without issue) it's injured his capability to produce company since he couldn't make use of the telephone system. This despite him never supplying a simple pound in my experience in lease cost. Additionally I launched him towards the miyako inn and he turned flea contaminated, that he charged me. Though I did so assist him obtain a complete reimbursement because of that event, the motion to assist him was made against me. I also assisted him discover moderate hotel by sub-letting from the European woman as well as allow him futons and sent them to him. He explained that I'm restricting his procedure by not presenting him to customers despite me delivering his info to each and every customer of mine and that I demonstrated this by displaying a email to Mr Fumito Takahashi displaying him evidence that I delivered emails to each and every customers of mine presenting his items for them, He likewise ignored the truth that I launched him to Mr Shiomi, Tsutomi who created an expense in his organization of Y10,000, 000.
Actually almost anything I've done-for Mr CHRISTOS FOTIADIS as been possibly reduced or been unappreciated. Being an buyer, as somebody who expanded cash to him when he was in a determined method and somebody who assisted him around I did so, his conduct demonstrates me obviously that I'm coping with a contemptuous guy who's equally indulged and it has no concept of displaying understanding towards anyone who assists and helps him. The truth he treats me with contempt, being an buyer, suggests that his ethical compass on existence is wholly broken. He seemingly have no truth on existence and doesn't recognize how hard I worked for that cash I trusted him with and he's shown no understanding for-anything I've done-for him. The final communication he delivered me explained to prevent all conversation with him and his team and not contact them again which we'd return what I'd compensated, when he feels as though it.
I've gotten rude and horrible e-mails that will surprise anybody who's trusting them with guarding their expense.
Mr Christos Fotiadis has bad-mouthed lots of people in my experience, those who have assisted him together with his organization, this involved a health care provider buddy he has in Chicago.in my opinion this Physician spent significantly more than $500,000 and all Christos actually did was criticize him and state exactly what a bastard and selfish person he's. He also did exactly the same towards the buyer I launched to Mr Fotiadis, Mr. Tsutomu Shiomi. What he explained about these folks yet others must have created me understand that I'm coping with somebody who has no understanding for anybody that has served him.
I did so what I did so for Mr CHRISTOS FOTIADIS to assist him and even though profit wasn't my single purpose, I did so aspire to create some cash from my expense and work produced towards Mr Fotiadis. Nevertheless he's set me thru 12 months of misuse and heck and it is still keeping my cash and it is providing simply to return it when he feels as though it with no gain for me personally. Is the fact that those things of an honest guy?
The final email he delivered me about the 8th January ’08 is really as follows:
Mr. Simmons,
It remains a secret why you proceed to continue such discussion, realizing full well that anything under is careless and wrong.
You may already know full effectively, it's published on each little bit of paperwork that you simply received, that you simply bought models in to the organization. This isn't a loan, or does it actually transform into a loan.
Your request a 'reimbursement timetable' is refused and also the organization is under no such responsibility. The organization can also be under no-obligation to buy back from you the models you initially bought.
You're reckless together with your phrases, just like you're together with your paperwork. Within the paperwork, it is simple to observe in most files you closed condition exactly what the conditions and marketability of one's models are.
Because you've previously dropped these files at least one time previously, and we'd to supply again for you the only real proof you've of really possessing these models, we anticipate you to perform oneself with professionalism and assurance needed like a person in the organization. You are able to evaluate all this within the PPM, the NDA, the Running Agreement along with your Device Purchase contract, assuming you proceed to have them inside your ownership and also havenot lost all those aswell.
Yet In the curiosity of extricating ourselves from your own connection, at that time I consider the organization are able to afford to repurchase your models for what you settled, we will be much more than pleased to review this dialogue and make an effort to arrange for the money to repurchase your models back from you. I'm just like nervous to completely length from you, as you're of me. But delivering these emails and telephone calls may achieve practically nothing for you really to that finish.
Until such period which you notice from me straight, you're to not contact-or contact Fumito. He is able to do-nothing for you personally and it is directed to prevent your telephone calls. Whenever you ultimately do notice from me, we shall determine this.
Until such period, it is best to invest your power looking for methods for obtaining cash in to the organization, ever since then we will have the ability to enable you to get out quicker this way.
Regards,
Christos
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