We thought the Tumwater story was over and that we could close the book on at least one awful Ng investment. Turns out we were wrong. Two newspapers, the Olympian and the Tacoma News Tribune, report that the folks who purchased the brewery property through their LLC (“It’s the Water LLC”) are suing you-know-who. It’s the Water seeks to void their $12 million purchase of the agreement and seeks a return of their $360,000 deposit.
While it’s not entirely clear who’s right and who’s wrong, both articles cite a lack of disclosure on behalf of Capital Salvage (Barney) and Troy Dana, the real estate agent.
Here is what is crystal clear: The longer Walter, Kelly, Barney and Weissenborn are in charge of anything the worse off we’ll be.