Eric Cline

um and so we we structured everything uh we ended up going the the deal we ended up going with 147 they dropped out they thought there were going to be some lawsuits coming down the the pipe and they were like we don't we don't think this is an industry we want to be in so we were selling 51 of the company

We were retained in 49%.

We were selling 51% for $54 million.

I had to stay on for two years, and then we were going to do a second sale after the two years.

So it would ultimately have been a nine-figure exit.

That's why I always say nine-figure exit.

The first one was for $54 million, but I was still going to own almost 50% of the company.

which it was a cash cow at the time.

And they did all their due diligence.

Paperwork was all done.

We were waiting to close the deal.

And we ended up getting, which I can't name the two timeshare developers just because of my settlement.

But two of the largest timeshare developers in the world, publicly traded, multi-billion dollar companies.

We know they got a hold of our book when we sent it out to all the private equity firms and they knew we were going to be exiting.

They ended up suing us, my companies personally, and then me and my wife personally.

So they sued our companies and then me and my wife.

And we got some poor advice from a lawyer, paid him $150,000.

As soon as the first lawsuit came,

We panicked.

Of course.