Saca would not be able to release a letter saying he was looking for another
equity partner if CalPERS was still a partner with him. Every statement that
John has wanted to release to the public about the project while he and CalPERS
were still partners had to first be approved by CalPERS... I'm sure many press
releases by John were nixed by CalPERS. That is why much of what he
said when they were partners was done in a round-about-way.
CalPERS is out.
Last edited by innov8; Apr 11, 2007 at 9:50 PM.
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