--00000000000057d68105f386be03 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 2 weeks on the access to the banks, and I'll aim to have access well before then. Regards, Ethan Stein, CFA Treasurer TheKey.com [image: TheKey] On Mon, Jan 30, 2023 at 7:10 PM Angie Markwell wrote: > I let him know tomorrow and he will give us time if needed and will need > to know what to tell him. Thanks > > Sent from Angie's iPhone > > On Jan 30, 2023, at 9:52 PM, Ethan Stein wrote: > > =EF=BB=BF > I should only need a week and a half, maybe two weeks max. I'll begin th= e > process tomorrow first thing and keep you posted. To confirm I'm > understanding the situation Angie, did you already speak with Tad, or is > this still prep to speak with him? I was monitoring my email/phone today > but didn't see an alert to jump on a call, so hopefully you were able to > find common ground without a lot of discussion? > > Regards, > Ethan Stein, CFA > Treasurer > TheKey.com > [image: TheKey] > > > On Mon, Jan 30, 2023 at 6:17 PM Angie Markwell > wrote: > >> Ethan we will hold as long as we can and also need to know >> reasonably when would you anticipate your part can be completed? If we d= o >> an agreement with them we need to put an end date. >> >> On Mon, Jan 30, 2023 at 10:29 AM Timothy Thomas wrote: >> >>> Hi Ethan, >>> >>> The math on your example equates to: >>> >>> 10k in salaries per week to disrupt 110k in weekly billing while losing >>> immediate access to approximately 525k in cash. All figures in USD. >>> >>> Alternatively to delaying the RIF's we're proposing that we move these >>> employees to a consulting agreement thereafter. My only hesitation here= is >>> that they could say no, so we're seeing if i can be a stipulation to th= eir >>> severance agreements. >>> >>> >>> On Fri, Jan 27, 2023 at 6:29 PM Ethan Stein >>> wrote: >>> >>>> Ok, --and sorry it's taken me so long to respond on this today-- I >>>> propose we request an additional eight business days due to the bank a= ccess >>>> issue. It takes a ridiculous amount of time to add/change users with = the >>>> smaller banks, especially when there is an international component to = the >>>> change. Could we get this done in a week, maybe. 8 days would ensure= it. >>>> We may be pushed to make it happen in a week anyway. >>>> >>>> Also, and I think we're already all on the same page here, we should >>>> push to pull the trigger for all employees at the same time as one pac= kage >>>> event to help with the morale/confidence issue with these kinds of eve= nts. @Timothy >>>> Thomas , if you happen to have the data, I'd calculate >>>> the total daily and weekly compensation (Salary / 2080 x 8 x 1.15% for= a >>>> day, and Salary / 2080 x 40 x 1.15% for a week, then multiply both of >>>> those x 0.75 to convert to USD) to put the cost into perspective for T= ad >>>> and make it relatable. I.e. if the total personnel being delayed a we= ek >>>> cost us $15,000 USD --made up