Again, trying to be fair and aboveboard, I made my pitch for it to Cedric, and again he shot it down with zero interest. He scribbled his rejection on the front page of the package. With a Sharpie, for emphasis.That was expected, but it still pissed me off.I brooded over it, with Gloria as co-brooder, and pondered the next step. Perhaps it was time to consider going out of AGC and trying to sell the service as a small business. Of course it didn't take all that much courage, considering we were just under six months away from being rich enough to consider switching to Republicanism. (Just Kidding!)The big hurdle was whether we could legally do it. Were we constrained by any commitments to AGC? And if not, what kind of a business should it be? A Partnership? A Corporation? I had done enough research to know that I didn't know enough about it to proceed. I also knew that I didn't know what else I didn't know. We would need professional guidance.I called for an appointment to see Lawyer. If the French will give you a construction loan, you build the factory and offer to defer the lease payments for the first three years. After the third anniversary of the lease inception, lease payments will start with a payment plan to include the deferred lease payments. The new company will snap up a deal like this. It will give them a chance to get the venture off the ground. Insist that they raise more capital to purchase to machinery for cash from the new funds. The chip making machinery is high dollar. Write into the deal that if the company folds within the first three years, the machinery becomes the property of the landlord, which is you, to cover the unpaid lease payments. If the company does fold, you have a billion dollar chip factory to use or sell. You would probably be able to buy any new technologies they have developed in those three years for pennies on the dollar. If the company succeeds you make a nice return for yourself on the French governments money. I think.
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