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Still, Herzberg's Sirius Value program is far from a slam-dunk fix for the housing slump. Under the program, which received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away...
...Magnarelli didn’t give up hope. He always had his team to support him and to encourage him in his efforts to get back on the floor...
...Then I give it to my agent, and he says, “It’s wonderful, I’ll go sell it.” And then he doesn’t. [Laughs] And then I say, “What happened?” It goes something like that...
...mean, people call me from all over the place who wouldn’t cross the street to say “Boo” on my birthday. Friends, family, they always see “Groundhog Day” and go, “Oh, Danny, I should give him a call,” so I usually sit at home and field phone calls and e-mails. Sometimes we have a dance party, make a big pot of groundhog stew, which is any stew, but if you call it groundhog stew it becomes a celebration...
15.FM: What advice would you give to aspiring screenwriters...