I have kept a close eye on this issue. Our offer was for $100,000 more and not $100,000 less.
As the president of the federation pointed out in his introduction, there was no consistency between the various federal services. Since we were only small buyers, there were a number of conditions attached to our offer. One of those conditions was to obtain funding prior to purchase. We took steps to ensure that we could make an offer. Our initial offer was for $600,000, the second for $1.2 million. The selling price was $1.2 million, which is what we put on the table.
We didn’t have an opportunity to discuss the new conditions. There was a telephone conversation in which we were told that the transaction was complete, that it was over.