Subject: FYI
From: "Jeffrey Cooper" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "Rob Walker" <[email-masked]>
Date: Wed, 11 Apr 2012 11:35:54 -0500

Just talked to Pablo Arias.  He told us that their position has not changed and that they are still insisting on getting 50% equity in the company for only part of the cash required.  So, unfortunately, we are nowhere near getting something done with them.  
I told Pablo that we really appreciated their time and attention throughout the process, but that we would be seeking other partners.  He returned the sentiment.
It was a friendly call, but not productive.  So….. I will be sending a "thanks but no thanks" email to Jose Luis and will copy you all.  
Needless to say, this is disappointing but that's life, I guess.  I appreciate you guys trying to help down there.  If you know of anyone else to contact, please let me know asap.
Jeff