To me, they essentially say the same things (what KD wrote and JK was said to have said) (maybe JK was also KD's source, for all we know?) One seems a little more specific than the other, ie 580 vs 500. I think the keyword is 'liquidity'. And considering JS's apparent new company, 'Harlo', which is apparently a 'secondary market mortgage provider', it's tough to imagine that JS shouldn't have been able to come up with 50M or 60M by January, since it was July 27, 2017 when B had first mentioned the company's 'liquidity situation' and telling J and AP they should consider 'borrowing from banks'. As it turned out, somehow he did not have to come up with it, after the murders. Fifty million would only have been a drop in a bucket compared to what B was reportedly going to have to pay out, but that would've helped for at least a small portion of it, or perhaps he wouldn't have had to come up with the whole amount right away? We have read before that most of B's billions were tied up in Apotex, and the kids would have to sell the company to get at it.
It's also possible that B was feeling slighted by his son in some way, for some reason, and possibly was testing him. ie if B had, via Sherfam, loaned Hour Investments millions of dollars in good faith for JS and AP to purchase existing storage locations, only for J and AP to turn around and have their company slap huge mortgages on the properties while spending a fraction of the mortgaged amount on the properties and their renos, perhaps BS became aware and wanted to see how they would get out of their jam when asked to come up with a mere 50M. What 'conventional bank' would replace the mortgages on properties for the kind of money they were already mortgaged for, plus another 50-60M on top? Barry had also stipulated they were to get a 'first mortgage'. Not really sure what's going on with those mortgages, but feels like it's somehow interesting. imo.
Any bolding is by me:
"... Jonathon is busy with Green Storage and a new business (Harlo Capital, a secondary market mortgage provider) he started in the fall of 2017." (ebook pg 272)
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"On July 27, 2017, Barry writes to Jonathon and Paulin: “We are presently unsure what are (sic) liquidity situation will be over the next six months so I am reluctant to have (the family holding company) Sherfam advance more to you in the short term.” Barry adds that Jonathon and Paulin should consider borrowing from banks.
...
[Out of order from the article and in another email chain] On Oct. 27, 2017, Barry writes to Jonathon to discuss a meeting about Apotex and his other business interests. “I don’t want to meet with you and Adam,” he says. “You are my son.” Jonathon responds that he wants to bring Paulin to the meeting, noting that Barry’s second in command at Apotex, Jack Kay, will be present. In his email, Jonathon refers to himself as the “heir apparent” to the Sherman fortune. Barry replies that yes, “you are my son and heir to the empire” but he complains of Jonathon’s “unwillingness and apparent disinterest” over the years in the Apotex business. Barry adds that Jonathon’s “hostility persists,” but there is no explanation as to what the Apotex founder is referring to. Jonathon writes that if they have the meeting, “it will be with Adam present.” ... Jonathon told me the lunch proposed in October never happened, although they did have one in late November with Paulin present to discuss the short-term cash needs of Green Storage, along with Barry’s request for the repayment of the $50 million to $60 million.
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On Nov. 16, Barry writes to Jonathon and Paulin, copying Alex Glasenberg, Sherfam’s chief financial officer. Subject line: Arranging mortgages. “We might have to pay the 580 million judgment in January,” Barry writes. “We thus need to take steps to improve liquidity, in case needed. I thus request that you discuss with Alex and arrange first mortgages to enable repaying 50-60 million to (Sherfam) if possible. Please do within weeks.”
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On Nov. 28, ...Paulin writes to Glasenberg, copying Barry and Jonathon. Subject: Short term cash needs. “Please see attached a breakdown of our immediate cash needs. Barry has agreed to cover us with these needs.” Paulin and Jonathon were requesting $6.2 million by Dec. 15 and another unspecified amount “no later than Jan. 15.” In my interview with Jonathon, he said they needed this money to fund plans already in the works to “build out” some of their storage facilities. Three minutes later, Barry writes back: “Adam: As discussed, you have to take steps immediately to arrange mortgages (to repay the $50-60 million). What will you do and when?”
Two days later, Jonathon and his husband, Fred Mercure, flew to Japan for a vacation. Jonathon says he believes Paulin had conversations with two banks regarding the mortgages. While in Japan, he said, he “started learning and trading” cryptocurrency and put the whole matter of the mortgages out of his mind. He said there were no more emails about the funding issue. He and Mercure would return home on Dec. 12, in the evening.
I suggested there were “gaps” in the email chain he provided, but he said there were none.
Barry Sherman’s son says his father asked him to repay tens of millions of dollars, two weeks before murders, but Barry was ‘all in’ with son’s business - Today News Post
